AGP Executive Report
Last update: 6 hours agoNepal-India Business Links: Talks in Kathmandu focused on connectivity, trade, energy and post-flood reconstruction, laying groundwork for Prime Minister Balendra Shah’s expected India visit. Renewable Energy: The Alternative Energy Promotion Centre says its work has brought renewable energy to 3.7 million households in 30 years. The energy minister wants more private investment and productive use of power in agriculture, industry and tourism. Start-ups and SMEs: A Pokhara summit urged young people to build businesses and create jobs at home. The industry minister also pledged support for women-led firms, including collateral-free loans and possible 3% startup loans for SMEs. Public Procurement: Nepal’s upgraded e-GP system has resumed after a two-month cybersecurity shutdown. The government has also canceled about 150 stalled contracts in six months, a push to revive projects that has drawn concern over possible effects on public investment. Cannabis Regulation: The Supreme Court gave the government three months to create rules for cannabis cultivation and production for medical, scientific and industrial use, potentially opening a new regulated sector.
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