AGP Executive Report
Last update: 9 hours agoBudget 2026/27: Nepal unveiled a Rs 2.124 trillion reform budget focused on reviving growth, stabilising the economy, and exiting the FATF grey list, with Finance Minister Swarnim Wagle pledging tax relief, higher salaries, and faster spending. Energy & Infrastructure: The NEA will be split into three separate agencies for generation, transmission, and distribution/trading, while Rs 17.64 billion is earmarked for the Kathmandu–Terai Fast Track project. Tech Push: The government plans to transform Nepal into an AI hub, including an AI compute in Syuchatar, and will set up a sovereign wealth fund using part of foreign exchange reserves. Diplomacy Overhaul: The Foreign Ministry opened ambassador posts to open competition for the first time, with strict eligibility rules, and also plans to close three embassies and two consulates under a revised economic diplomacy strategy. Republic Day: President Ram Chandra Paudel urged unity and good governance at Tundikhel as Nepal marked its 19th Republic Day. International Ties: India laid the foundation stone for a hospital building in Manang’s Nason Rural Municipality with about Rs 56 million support. Sports/World: American Tyler Andrews set a new Everest speed record, summiting in 9 hours 55 minutes (verification pending).
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