AGP Executive Report
Last update: 10 hours agoRegulatory Oversight: Nepal’s Finance Committee met bankers and the central bank to discuss a bill amending the Nepal Rastra Bank Act, aiming to strengthen monetary and financial systems. Tax Policy Shock: Nepal’s electricity VAT plan is now live: a 5% VAT for domestic “end consumers” has taken effect even after the finance minister said prices wouldn’t rise for households. Corporate Earnings Pulse: India’s listed firms reported a strong Q1 FY27 run—BHEL swung back to profit (₹376.71 crore), ITC Hotels lifted net profit 36% (₹181.91 crore), and Jio Financial Services surged 155.7% YoY to ₹830.25 crore—signaling improving operating momentum across sectors. Banking & Compliance: RBI imposed monetary penalties on Muthoot Finance and related entities for regulatory non-compliance. Temple Finance Scrutiny: Rahul Gandhi and Mallikarjun Kharge urged PM Modi to order an independent probe into Ram Temple Trust finances amid allegations of donation theft. Consumer Finance Dispute: South Africa’s National Financial Ombud ordered Standard Bank to compensate a car-finance customer after it prioritized a dealership over fair treatment.
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