AGP Executive Report
Last update: 8 hours agoParliament & Budget: House of Representatives has resumed budget discussions for FY 2083/84 after opposition obstruction, with Finance Minister Dr. Swarnim Wagle facing questions over alleged budget errors and an EV information leak; Wagle says technical mistakes are normal and challenges claims publicly. Finance & Banking: Nepal Rastra Bank data shows BFIs’ private-sector lending grew only 5.7% in the first 10 months, below the 12% target, as loan demand stays sluggish and non-performing assets restrain banks. Energy Infrastructure: MCA-Nepal has started construction of two substations and a 297-km transmission line under the MCC Nepal Compact, aiming to boost energy security and investment. Trade & Agriculture: Nepali tea exports to India face delays as shipments are held pending sample testing reports; separately, Kalimati set wholesale prices for fruits and vegetables for Jestha 28. Markets: Gold and silver prices in Nepal fell sharply, with hallmark gold down to Rs 286,700 per tola. Nepal-India Ties: Foreign Minister Shisir Khanal briefed Parliament on his India visit, highlighting joint statements on cross-border digital payments and digital public infrastructure, and preparations for a China visit. Governance & Rights: A Supreme Court hearing on a writ petition challenging the dissolution of civil servants’ trade unions is set for June 12. Local Issues: MPs raised concerns over Sisdol landfill impacts and alleged fraud in a Biratnagar housing project, while a parliamentary committee plans subcommittees and field monitoring in six districts.
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