AGP Executive Report
Last update: 3 hours agoLoss & Damage Push: Nepal is asking the UN Fund for Responding to Loss and Damage for about $20m after the Aug. 26 Rasuwagadhi–Bhotekoshi disaster, arguing it’s climate justice not charity, as the fund reviews options and Nepal waits for a meaningful response. NEPSE Update: Nepal Stock Exchange rose for a fifth straight week; NEPSE gained 22.85 points to close at 2,647.22 with turnover up Rs 1.25bn to Rs 6.745bn. Central Bank Liquidity: Nepal Rastra Bank called bids for a one-month deposit collection worth Rs 30bn, inviting eligible A, B and C class banks/financial institutions. Diplomacy & Appointments: Cabinet recommended ambassadors to 13 countries including India, China, the US and UK; nominees now go to parliamentary hearings before agrément and presidential appointment. Flood Relief Tech & Trade: South Korea handed drones and backup power to NDRRMA for Bhotekoshi response, while Nepal and India discussed easing trade barriers and customs cooperation at an IGSC meeting. Energy & Industry: Lawmakers pressed for tighter, more investment-friendly mining rules; meanwhile Nepal faces an LP gas shortage debate as authorities and industry question supply and cylinder stockpiles. Tourism & Telecom: Sri Lankan travel agents held AGMs in Kathmandu to promote Nepal; Nepal Telecom launched a Constitution Day special data offer for three days.
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