AGP Executive Report
Last update: 7 hours agoEnergy & Governance: Nepal’s power tripping problem is back in focus after PM Balendra Shah reportedly asked Energy Minister Biraj Bhakta Shrestha to fix frequent outages despite a power surplus, with the minister setting up new probes into NEA’s past transformer procurement. Financial Sector: Nepal Rastra Bank has taken action against three “A” class commercial banks—Rastriya Banijya Bank, Krishi Bikas Bank and Prabhu Bank—for regulatory breaches, including delays in freezing accounts. Digital Payments & Cross-border Trade: UPI keeps expanding—India and Maldives launched the Favara-UPI corridor for real-time transfers, while July UPI transaction value hit a record Rs 29.9 lakh crore. Labour & Migration: Nepal-Malaysia employment is under renewed controversy as businessmen warn against attempts to impose a syndicate on Malaysia job placements. Business & Transport: Nepal Airlines Corporation says it is improving under new leadership, reporting higher income and seat utilization after board and executive changes. Tourism & Aviation: flydubai added a second daily Dubai–Bangkok flight, and Wyndham announced 25 hotel signings across EMEA in H1 2026. Policy & Markets: Parliamentarians submitted 15 amendment proposals to the Finance Bill, while a study warns policy uncertainty could hit NEPSE, imports, credit and GDP. Social Stability: All parties pledged to maintain harmony in Kailali after communal tensions, while Home Minister Sudan Gurung is personally leading ground-level talks in Tarai-Madhesh unrest. Major Human Story: Nepal mourns mountaineer Nirmal “Nimsdai” Purja after his Broad Peak death in Pakistan, with bodies recovered amid difficult conditions.
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