AGP Executive Report
Last update: an hour agoCentral Bank Leadership: Nepal has appointed Dirgha Rawal as Deputy Governor of Nepal Rastra Bank, promoting him from his role as Executive Director heading the Bank Supervision Department. Public Sector Pay: Nepal’s government has increased salaries and allowances for public institution employees, with the Ministry of Finance directing institutions to implement revised pay from Shrawan 1 and avoid extra burdens without approval. Insurance for Farmers: A new agricultural, livestock and herbal insurance framework will let farmers get up to 80% premium subsidy (coverage up to Rs 10 million), with provinces overseeing implementation and real-time policy issuance to improve transparency. Communications Sector Targets: Information and Communications Minister Dr Bikram Timilsina signed a performance contract with PM Balendra Shah for 2083/84, aiming for measurable outcomes in communications and digital service delivery. Energy & Power Policy: Nepal is moving to cut electricity tariffs amid VAT backlash, while also pushing modernization and better market management for the electricity sector. Tourism & Industry Links: PATA named Nepal’s Suman Pandey to its Executive Board as a non-voting member, strengthening regional tourism representation. Finance & Markets: NEPSE saw a dip in recent trading, with investors losing value as turnover softened. Banking & Compliance: CIB froze assets and accounts of share trader Dipendra Agrawal and partners amid its investigation.
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