March 3: Finance Minister Janardan Sharma has directed the Securities Board of Nepal, and Nepal Stock Exchange Limited to focus on improving capital market. Both of the agencies were handed a 11-point directive in this regard. 

During a programme organized on Wednesday, Finance Minister Sharma asked NEPSE and SEBON leaderships not to be swayed by anyone’s influence and pressure while discharging their respective duties. The government had recently appointed Krishna Bahadur Karki as chief executive officer of NEPSE and Ramesh Hamal as the chairperson of SEBON. There were made aware of how the investment of the general public could be made secure and problems of capital market resolved.

The minister said that the 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, the minister told the newly appointed chiefs.    

Minister Sharma claimed that he has discouraged anomalies such as insider trading, pump and dump and circular business which have posed threat to capital market after he assumed the office.    

On the occasion, Finance Secretary Madhu Kumar Marasini said that the new leaderships are expected to lead the capital market in a positive way. Revenue Secretary Krishna Hari Pushkar said that the share market has been improving.    

SEBON’s Chair Ramesh Hamal said share investors must be well informed through financial literacy. -- RSS