AGP Executive Report
Last update: 2 hours agoFake Bhutanese Refugee Scam Verdict: Kathmandu District Court convicted former Deputy PM Top Bahadur Rayamajhi, former Home Minister Bal Krishna Khand and former Home Secretary Tek Narayan Pandey, along with 20 others, over a scheme to send non-Bhutanese people abroad by falsely verifying them as Bhutanese refugees; sentencing is set for July 13. Monetary Policy Push: Nepal Rastra Bank unveiled the Monetary Policy for FY 2083/84, aiming to keep inflation within 5.5% while backing the government’s 7% growth target, with reforms to cut lending costs, manage non-performing loans, and revive stressed loans. Private Sector Focus: NRB projected 11% private-sector credit demand growth and said a flexible stance will support investment and credit expansion amid stable external conditions. ADB Steps Up Support: ADB President Masato Kanda met PM Balendra Shah and said ADB support is expected to reach $2.4 billion by 2029, alongside $165 million in new loan agreements for water, sanitation, and border trade modernization. Infrastructure Update: The Kathmandu–Terai/Madhesh Expressway will be built up to Khokana, with the Dukuchhap–Pharsidol–Khokana segment split into two contract packages after earlier land acquisition delays. Power Reliability Drive: The Energy Ministry launched a monsoon campaign to curb frequent power tripping, asking the public to report outages via NEA hotline 1150/1151. Gold and Silver Slip: Gold fell to Rs 287,100 per tola and silver to Rs 4,500 per tola in the domestic market. Culture & Community: Yogmaya Memorial Day awards honored Maya Thakuri and Ninu Chapagain, while Zonta Club Kathmandu ran a mental health and self-care session for Nepal Police officers.
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.