Kathmandu. President of the Stock Brokers Association of Nepal, Sagar Dhakal, has welcomed the ‘Capital Market Strengthening and Revival Action Plan, 2083’ unveiled by Finance Minister Swarnim Wagle. <\/p>\n
Chairman Dhakal said that the action plan is an important policy initiative for structural reform of Nepal’s capital market, investor protection and long-term development. Dhakal said that the action plan includes the implementation of price discovery system in the IPO, implementation of margin lending and short selling, development of corporate bond market, providing investment opportunities to Non-Resident Nepalis (NRNs) in the secondary market, expanding the participation of institutional investors and modernizing NEPSE, CDSC and securities broker business. <\/p>\n
Dhakal said that with the objective of encouraging long-term investment, the provision of capital gains tax of 3.75 percent on capital gains obtained from securities held for more than 365 days and 5 percent on investments of 365 days or less is positive. According to him, this will promote a long-term investment culture and contribute to stability in the market, increase investor confidence and sustainable development of the capital market. <\/p>\n
Chairman Dhakal expressed the belief that the investors’ confidence in the capital market would be further strengthened if the reforms announced by the government were implemented in a timely and effective manner, increasing liquidity in the market and making the role of capital market more effective in economic development. He also expressed gratitude to Finance Minister Wagle, the Ministry of Finance and the concerned bodies for their commitment to capital market reform and expressed commitment to the Stock Brokers Association of Nepal to collaborate with the government and regulatory bodies for the successful implementation of the action plan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. President of the Stock Brokers Association of Nepal, Sagar Dhakal, has welcomed the ‘Capital Market Strengthening and Revival Action Plan, 2083’ unveiled by Finance Minister Swarnim Wagle. Chairman Dhakal said that the action plan is an important policy initiative for structural reform of Nepal’s capital market, investor protection and long-term development. Dhakal said that […]<\/p>\n","protected":false},"author":16,"featured_media":315577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45159,45180],"tags":[],"class_list":["post-315579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-stockmarket-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/315579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=315579"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/315579\/revisions"}],"predecessor-version":[{"id":315580,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/315579\/revisions\/315580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/315577"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=315579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=315579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=315579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}