AGP Executive Report
Last update: 8 hours agoKMC Street-Cleaning Drive: Kathmandu Metropolitan City has declared its area free of street dwellers and signed an agreement with Nepal Police, the District Administration Office and Manavsewa Ashram to manage “helpless” street residents through an integrated system. Cross-Border Remittance: Nepal and India have operationalised NPI–UPI linkages for P2P money transfers, letting Nepalis send up to INR 15,000/day and INR 100,000/month to India via about 10 banks, including Nabil and Global IME. Retail Finance Deal: Global IME Bank and Bhat-Bhateni launched a 0% installment credit card facility for purchases of NPR 15,000+ with flexible 3–18 month repayment. Public Finance Transfers: The government allocated Rs 424.27 billion for intergovernmental fiscal transfers to provinces and local levels for FY 2026/27, including Rs 109.65 billion to provinces and Rs 314.62 billion to 753 local governments. Innovation Funding: Finance Minister Swarnim Wagle announced Rs 4 billion for science, technology and innovation, with Rs 500 million earmarked for a Nepal Enterprise Facility to back startups and SMEs. Hydropower Court Ruling: The Supreme Court issued a six-point directive on the Phukot Karnali Hydropower Project, ordering revisions to protect local community interests and ensure legal compliance. IMF Support: The IMF completed the final review under Nepal’s ECF programme, approving about USD 42.9 million and citing progress on governance and financial reforms.
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