AGP Executive Report
Last update: 8 hours agoGovernance Reform: Gorkhapatra Corporation’s new GM Hikmat Bahadur Rawal assumed office vowing content and mindset reforms, plus digital and economic transformation to rebuild trust in the national media institution. Tax & Business Climate: A full audit dispute is back—Finance Minister Swarnim Wagle ordered pending tax files to be completed, drawing criticism from business groups who fear a return to “tax terrorism” and investor distrust. Monetary Policy Watch: Stakeholders urged the Nepal Rastra Bank to deliver a timely, balanced, private-sector-friendly monetary policy ahead of 2026/27, warning against destabilizing credit conditions. Energy & Agriculture Delivery: Minister Biraj Bhakta Shrestha pushed for faster completion of the Sikta Irrigation Project, while the 22 MW Seti Khola Hydropower plant began test production with commercial output expected after trial runs. Infrastructure Progress: Nagdhunga–Mugling Road expansion (Naubise–Malekhu) reported 60% physical progress, with bitumen supply issues eased and work resuming. Trade Pressure on Industry: India’s safeguard duty slashed Nepal’s iron and steel exports by about two-thirds, raising export earnings and job-loss concerns. Tourism Connectivity: Fly Dubai and Pokhara stakeholders discussed making the Pokhara–Dubai service sustainable, with flights planned from Sept 23. Cottage & Small Industry: FNCSI’s national convention opened, focusing on policy delivery, jobs, and stronger public-private partnership for Nepal’s small industries. Regional Business Signals: Tripura’s conclave targets up to Rs 1 lakh crore investment, highlighting renewed regional investment appetite. Energy Transition Debate: A new Nepal energy discourse argues for moving beyond “hydropower-only” thinking toward a broader energy-powered economy.
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