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AGP Executive Report

Last update: 8 hours ago

KMC 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.

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.

AGP Wire

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12 hours ago

ZIGRAM taps AMNIL to expand AML tools in Nepal

EIN Presswire

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4 hours ago

Global Teams AI expands reseller network with professional services firms

EIN Presswire

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Jun. 3, 2026

NIMB Ace Capital, Momo VC plan $30 million Nepal fund

EIN Presswire

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May 26, 2026

Money Awareness & Inclusion Awards to name 2026 winners Thursday

EIN Presswire


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Nepal PM to expand cabinet; Sudan Gurung to be reappointed Home Minister

Nepal PM to expand cabinet; Sudan Gurung to be reappointed Home Minister


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12 hours ago

ZIGRAM Partners with AMNIL to Strengthen AML Compliance in Nepal

EIN Presswire

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Jun. 5, 2026

Himalayan Harmony Group Announces 2026 Nepal Online Casino Portfolio With Six Licensed Brands

GlobeNewswire, Inc.

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Jun. 3, 2026

NIMB Ace Capital and Momo VC Sign Strategic Partnership to Launch Nepal-Focused Investment Fund

EIN Presswire

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4 hours ago

Global Teams AI Expands Reseller Network With Professional Services Firms

EIN Presswire

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Jun. 2, 2026

WTO members advance discussions on key issues for unlocking services trade

World Trade Organization

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May 26, 2026

The Best Global Financial Literacy and Inclusion Projects Announced This Thursday by the MAIAs

EIN Presswire

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