AGP Executive Report
Last update: 10 hours agoAgriculture: Heavy rain and strong winds have damaged harvest-ready paddy and hill crops across western Nepal, with local authorities assessing farmers’ losses. The government has also approved Rs 1.5 billion in grants for sugarcane farmers, while domestic egg production remains below demand. Digital Infrastructure: Nepal Telecom will lay 2,216 km of optical fibre in Gandaki and Lumbini, backed by up to Rs 2.01 billion, to extend broadband access. The telecom regulator says internet tariffs have not been approved to rise and warns providers against overcharging. Energy Investment: The Investment Board approved two semi-reservoir hydropower projects worth a combined Rs 21.17 billion, with capacity of about 106 MW. Flood Recovery: The World Bank estimates recent floods caused $1.66 billion in direct damage and could slow Nepal’s growth to 3.7%, sharpening pressure to restore infrastructure and businesses.
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