Nepal Share Market investors have staged their protest against the government in Baneshwor, Kathmandu.
The investors have expressed their dissatisfaction saying the government had neglected reform in the stock market.
They have alleged that billions of money have been lost due to the government’s negligence towards the capital market. Investors have been demanding to change the limit of Rs 4 crore and 12 crores imposed on share collateral.
Nepal Rastra Bank had made an arrangement through the monetary policy of the Fiscal Year 2078/79 that a person could not take a share loan of more than 4 crore and Rs 12 crore from the overall financial system. Investors are demanding to make this system comfortable.
They have also demanded that the CCD ratio should be abolished and the CD ratio be maintained. Moreover, their demands include reducing the weighted average rate from 150 percent to 100 percent. The central bank had increased the weighted average rate of risk in the share market.
The share market has been declining almost every day since the budget announced by the government failed to address the market in a way that would directly benefit it.
However, Janardhan Sharma, the Finance Minister of Nepal said in his latest program that priority was given to the budget to strengthen the capital market.