AGP Executive Report
Last update: 3 hours agoElectricity Tariff Overhaul: Nepal’s Electricity Regulatory Commission issued a new directive to make electricity consumer tariffs fully cost-based and transparent, replacing the 2076 directive and setting caps on return on equity for generation, transmission and distribution. Capital Spending Push: Finance Minister Dr. Swarnim Wagle told lawmakers the government is reforming capital expenditure to reach 80–100% by speeding fund transfers, using the new procurement act, and awarding large contracts with multi-year resources. NEPSE Slump: The Nepal Stock Exchange fell sharply, with the NEPSE index dropping 13.82 points to 2,654.15 on Thursday amid broad declines across sub-groups. Private Sector Growth Goal: National Planning Commission Vice Chairman Dr. Gunakar Bhatta stressed expanding private sector participation to help achieve the 7% growth target. Roads Bill Update: The government unveiled a draft “Bill to Manage Public Roads, 2083” to modernize road classification and management under federal, provincial and local networks. Border Tension: Clashes erupted in Susta along the India-Nepal border after disputes over an embankment, with Nepal’s Armed Police Force intervening to prevent escalation. HIV Service Disruption: US aid freeze has disrupted USAID-funded HIV prevention and treatment services in Nepal, leaving at-risk groups without pre-exposure prophylaxis for months. Broad Peak Recovery: Pakistan’s recovery operation on Broad Peak reached final stages as helicopters evacuated five more bodies, including British-Nepali climber Nirmal Purja, while two climbers remain missing.
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