Kathmandu, December 24

The Finance Committee under the Federal Parliament has urged stock market investors to submit their suggestions in writing for implementation of a 58-point suggestion made by Nepal Rastra Bank (NRB) for capital market reforms.

In this regard, Finance Committee had summoned representatives of share investors’ associations today and held a discussion on the best way to implement the suggestions made by central bank.

Uttam Aryal, chairperson of Investors’ Association of Nepal, had led the discussion from the investors’ point of view. Hence, the committee has tasked him to submit the suggestions of the investors in writing.

During the discussion today, various representatives of the investors opined that the government should issue broker licences to banks.

As per Aryal, investors also asked concerned authorities to take an initiative to reduce the interest rate of banks. Investors demanded that the 58-point suggestion be implemented without further adieu for improvement of the stock market.

In December 2018, the Ministry of Finance had formed a task force under the then deputy governor of Nepal Rastra Bank Shivraj Shrestha to look into the problems facing the share market. The task force was formed after share investors had launched protests protesting unfavourable government policies, extremely high bank interest rates, among other issues.

Read the full news article on The Himalayan Times.