AGP Executive Report
Last update: 8 hours agoAvalanche Update: Nepal’s Himlung Himal disaster response continues after four bodies were recovered and 12 remain missing following an avalanche at the base camp in Manang; improved weather is helping helicopter-assisted rescue operations. Floods & Power: Continuous monsoon rains have damaged NEA transmission and distribution lines, disrupting about 1,000 MW of hydropower generation and affecting multiple corridors and projects, with restoration teams deployed. Public Finance: Nepal’s public debt reached 45.05% of GDP (Rs 2.97 trillion) by mid-September, while debt servicing costs in the first two months of FY 2026/27 totaled Rs 85.01 billion. Market Watch: NEPSE fell 16.47 points to close at 2,613.33, with turnover at Rs 5.38 billion. Energy Policy: FNCCI and the Federation of Nepalese Chambers of Commerce and Industry urged the government to withdraw VAT on electricity tariffs, saying it raises production costs and strains working capital. Hydropower Standards: An NSP MP called for revising hydropower tunnel construction criteria to better handle disaster and improve emergency safety design. Transport Safety: The Infrastructure Development Committee directed safer, orderly public transport during festivals, including vehicle checks, anti-overloading controls, and tighter ticketing rules. Court & Cyber: Kathmandu District Court granted three days’ custody to medical entrepreneur Durga Prasai for investigation after a complaint linked to social media remarks. Business & Investment: Finance Minister Dr. Swarnim Wagle met AIIB President Zou Jiayi in Doha, urging more concessional financing and support for post-flood reconstruction.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.