AGP Executive Report
Last update: 5 hours agoMonetary Policy Watch: Nepal Rastra Bank defended its Standing Deposit Facility (SDF) as an effective tool to manage excess liquidity and stabilize the interest-rate corridor floor after rates fell sharply across banks. Budget Debate: Finance Minister Swarnim Wagle defended the FY 2026/27 budget size at 28.5% of GDP, but experts questioned revenue realism and the math behind growth targets. Japan-Funded Infrastructure: JICA secured an extra JPY 5.7 billion loan for the Nagdhunga Tunnel, now ~99% complete and slated to open in July 2026, promising faster Kathmandu connectivity. Power Sector: The 216 MW UT-1 Upper Trishuli hydropower project moved deeper into generation readiness after installing the first weir gate, aiming to boost supply for Kathmandu. Startups & Skills: India-Nepal Startup Partnership Network (IN-SPAN) began an eight-week, fully funded training for 25 Nepali startups at IIT Madras. Health & Youth: A Nepal Health Research Council survey found 18% of students aged 13–15 use tobacco, with new products like vapes and shisha rising. Air Connectivity: Himalaya Airlines announced direct Kathmandu–Shenzhen flights starting June 4, opening a new Nepal–China business and tourism corridor. Agriculture & Livelihoods: Organic farming in Dang is lifting incomes for vegetable growers, supported by value-chain programs. Digital & Governance: Chief Justice Dr Manoj Kumar Sharma issued a 21-point directive urging technology-enabled, faster justice delivery.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
