No need to worry on investment atmosphere: Dr Khatiwada

12/11/2018

Kathmandu, Dec. 11: Finance Minister Dr Yubaraj Khatiwada has said there was no such atmosphere that discourages share investors because overall indicators of national economy were positive.
During a meeting of the Finance Committee of the House of Representatives on Tuesday, Minister Dr Khatiwada affirmed that he was for making the share market a base of the national capital formation. "Government is aware of the fluctuation in share market. Initiatives are taken to ensure transparency and sustainability of the share market," he said, urging the share investors not to be hastened and worried about it.
According to him, demand was growing for the investment in agriculture and energy which has resulted in declining share market. Even the liquidity has affected the share market, he argued.
On the occasion, former finance minister Dr Baburam Bhattarai viewed, "Nepal's economy has not been oriented to production till date; State needs to be more responsible. The problems in the capital market can be solved through cooperation, dialogue and collaboration."
Another former finance minister Surendra Pandey said if the capital market is affected, special arrangement could be made.
"It is essential to ensure healthy and secure atmosphere for share investors," said former finance minister and Finance Committee member Gyanendra Bahadur Karki.
Nepal Rastra Bank Governor Dr Chiranjivi Nepal opined that the share value is fluctuated over short span because number of investors is limited. Capital market must be expanded, he added.
Securities Board of Nepal Chairman Dr Rewat Bahadur Karki however said although secondary market was fluctuating, the primary investors were the ones affected.
Chief Executive Officer at Nepal Stock Exchange, Chandrasingh Saud, said the problems surfacing for long were solved after the stock exchange went online after Tihar.
Share transaction is being carried out by 50 broker companies via 41 branches in 17 cities in Nepal, according to Chairman of Nepal Brokers' Association, Bharat Ranabhat. RSS 

Related News

Parliamentary committee directs govt to present casino regulations bill

Kathmandu, Sept 30: The Social Justice and Human Rights Committee under the Legislature-Parliament today has directed the government to bring the then enterpriser of Nepal Recreation Centre under the ambit of law. The centre was accused of not paying the tax to government and not providing the salary to the…

Essar-Rosneft deal not violative of sanctions: U.S.

WASHINGTON, Oct. 20: The United States does not see violation of any U.S.-EU sanctions in the recent deal between India’s Essar Oil and the Russian oil giant Rosneft, in which the Russian government has a majority stake. “I don’t think we see any violation of any U.S.-EU sanctions stemming from this…

Despite efforts, India moves up only one place on ease of doing business rankings

NEW DELHI, (INDIA), Oct. 26: India moved up only one position in the International Finance Corporation's (IFC) ease of doing business rankings, triggering a strong reaction from the Indian government which said the string of reform initiatives undertaken by it in the last one year had not been factored in by the World Bank arm. The…

Nepal eligible for MCC fund

Kathmandu, Nov. 5: Nepal has passed 16 out of 20 indicators on U.S. Millennium Challenge Corporation’s Scorecard, and thus become eligible for receiving MCC fund. The U.S. Government’s Millennium Challenge Corporation (MCC) released its fiscal year 2017 scorecards this week – a key component in the agency’s annual competitive selection…

Indian Rs. 500, Rs. 1000 currency notes to be out of circulation from midnight Tuesday

NEW DELHI, Nov. 9: Indian Five hundred and 1,000 rupee notes will cease to be legal tender from midnight on Tuesday, Prime Minister of India Narendra Modi announced in a surprise address to the nation. He said the decision was taken to root out the menace of black money and corruption.…

Pakistan won't be able to copy new notes: Intelligence agencies

NEW DELHI, Nov. 10: Intelligence agencies of India vetted the new denominations of Rs 2,000 and Rs 500 notes asserting that its security features will be next to impossible to replicate for Pakistan and organised criminal networks for some time to come.A top government official without going into the details,…

Video

Find Us on Facebook

From Social

Tokyo (Japan), Sept. 13: A new leadership assumed responsibilities at the Non Resident Nepalese Association (NRNA), Japan on Sunday. The new office bearers took oath of office and secrecy after a long fought battle resulting from dissatisfaction from those who…

Lama led officials assume responsibility in NRNA Japan