KATHMANDU – Finance Minister Janardan Sharma has directed the Security Board of Nepal, and Nepal Stock Exchange Limited (NEPSE) to focus on improving capital market. Both of the agencies were handed a 11-point directive in this regard.
At a programme organized here Wednesday, Minister Sharma asked NEPSE and SEBON leaderships not to be swayed by anyone’s influence and pressure while discharging their respective duties. Recently, the government had appointed Krishna Bahadur Karki as chief executive officer at NEPSE and Ramesh Hamal as chairperson of SEBON.
They are made aware how the investment of general public could be made secure and problems of capital market solved. “Time has come to create environment where money in capital market is spent in mega projects. Individual’s money had entered capital market, which should be further capitalized,” he directed the newly appointed leaderships.
Different anomalies, such as insider trading, pump and dump and circular business which have posed threat to capital have been discouraged after he assumed the office, Minister Sharma asserted.
On the occasion, Finance Secretary Madhu Kumar Marasini viewed that new leaderships have been expected to lead capital market in a positive way. Revenue Secretary Krishna Hari Pushkar said share market was improving. SEBON’s Chair Ramesh Hamal said share investors must be well informed by augmenting financial literacy.
