AGP Executive Report
Last update: 11 hours agoBhotekoshi Power Recovery: After the flood knocked out about 430 MW and strained Kathmandu’s Trishuli-to-Balaju/Chabahil transmission lines, the Ministry of Energy and NEA are pushing alternative winter supply plans, including additional underground grids with Kathmandu Metropolis and the Department of Roads. Disaster-Ready Infrastructure: PM Balendra Shah met engineering-background lawmakers, urging them to focus on ideas and solutions for rebuilding and development after floods and landslides. Capital Market Reform: Investors and lawmakers flagged a sharp NEPSE decline and weak oversight; the Securities Board of Nepal unveiled a three-phase reform strategy for primary and secondary markets, including IPO and broker restructuring. AIIB Boost for Industry: Finance Minister Dr. Swarnim Wagle returned from AIIB’s Doha meeting where Nepal was elected Vice-Chair for 2026–27; he urged more investment in production sectors like roads, electricity, and IT. Insurance for Flood Victims: Nepal Insurance Authority introduced a simplified Bhotekoshi/Rasuwa claim settlement process, allowing insurers to settle uncomplicated claims up to Rs 500,000 without surveyors and enable advance payments. Trade Disruption: Nepal-China land trade stalled as all three major crossings faced monsoon disruptions, with Tatopani shut and Rasuwagadhi/ Korala routes hit by flood and landslide damage. Tourism & Services: Hotel and tourism operators in Kavrepalanchowk pitched a “Stay in Dhulikhel, Day Trips to 12 Destinations” plan, while BharatBenz expanded North India service coverage with a new 3S facility in Gorakhpur. Food Safety Ahead of Festivals: Stakeholders urged safe, nutritious festival eating and warned against adulteration and improper meat storage, especially for flood-affected communities.
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