Share Investors Meet Former PM Deuba and Submit Memorandum 

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Share Investors Meet Former PM Deuba and Submit Memorandum 

May 25: Share investors met with former Prime Minister and Nepali Congress President Sher Bahadur Deuba and submitted a memorandum to him on Thursday. 

Nepal Investors Forum Chairman Tulsi Ram Dhakal, erstwhile chair  Chhotelal Rouniyar,  Nepal Stock Market Investors Association Chairperson  Radha Pokharel, and Share Investors Association Nepal's Acting Chair  Taraprasad Fullel, along with other investors, met with Sher Bahadur Deuba and handed him a memorandum with six demands.

The investors effectively apprised Deuba of the prevailing state of the stock market, emphasizing the urgent need for essential reforms to be promptly implemented. 

The share investors submitted a memorandum to the former Prime Minister, outlining six pivotal demands. The memorandum  calls for expediting the process of distributing new broker licenses, new stock exchange license, and commodity exchange licenses, without any undue delay.

Moreover, the investors have urged the government to eliminate the existing cap of Rs 120 million on share loans and reduce the current risk weightage of 150% to a 100%. 

Additionally, they have advocated for a 5% capital gain tax for short-term investors and a 3% capital gain tax for long-term investors. The investors have stressed the necessity of reducing the bank interest rate to a single-digit.

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