AGP Executive Report
Last update: an hour agoRPP Split: Nepal’s royalist Rastriya Prajatantra Party formally split as senior leader Dhawal Shumsher Rana quit and said a new monarchist-nationalist force will be formed, reshaping the royalist camp. Everest Survival: A Sherpa guide, Hillary Dawa Sherpa, was found alive on Mount Everest after six days missing, crawling down near the Khumbu Icefall and flown to HAMS Hospital with frostbite treatment. NEA Hydropower Deal: The Nepal Electricity Authority reconstituted committees to negotiate Khimti Hydropower Project share transfer and settle disputes on tariffs, fines and management issues. EV Tax Debate: Finance Minister Swarnim Wagle said EV prices under Rs 5 million have fallen after the government shifted passenger EV taxes to a price-based system, drawing public criticism. Smart License Printing: Smart driving licenses are nearing completion; about 1.57 million cards have been printed, with remaining work expected in 2–3 weeks. Nepse Slide: NEPSE fell 13.46 points to close at 2,766.78 as turnover dropped to about Rs 4.70 billion. Nepal-India Diplomacy: Foreign Minister Shisir Khanal will visit India June 5–7 for talks with Jaishankar on trade, investment, connectivity and energy, amid renewed border-related political tension. Tourism Boost: Indian tourist arrivals in May hit a record via air, with 40,782 visitors, lifting optimism for hotels and travel businesses. Nagdhunga Tunnel Funding: Japan signed an additional JPY 5.7 billion loan for the Nagdhunga Tunnel, with the project nearing completion and expected to open to the public in July 2026.
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