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Just this news couldn't be good to the investors who have lost their hope and charm in stock market...Government should come up with some strong policies...

Finance Minister Dr Ram Sharan Mahat has finally broken his silence on the development surrounding the turmoil seen in the share market over the past few weeks. Talking to the officials of Nepal Investors’ Forum at his residence at Bansbari, Kathmandu, Dr Mahat said, “I am also concerned that the market has become very volatile over the past few days,” Mahat said. The finance minister clearly stated that he, too, is not satisfied with the way the central bank has been handling the matters, and he firmly stood for the hassle-free growth of the stock market, according to the Investors’ Forum officials as well as sources close to the finance minister. “I have also not fully understood as to why the central bank comes up with different policies within such a short period of time,” the finance minister further said. He further assured the investors’ forum that he will depute one of the senior officials at the Ministry of Finance to closely monitor the market as well as the authorities, which can influence the price of the stocks. The investor forum delegation led by its chairperson Raj Kumar Timilisna drew the attention of the finance minister to unwanted developments, especially recent “unpredictable” and sometimes “contradictory” circulars of the central bank in the market that has shaken the confidence of investors. The Investors’ Forum officials told the finance minister that due to the central bank’s inconsistent policy measures, the market has become very volatility, creating confusions and panic among the new investors. They also urged Dr Mahat to make the central bank coordinate with other regulators such as Sebon and the Insurance Board while taking decisions that could affect the price of the listed companies, especially BFIs and insurance companies. “At the end of the day, billions of rupees of general investors at stake in the stock market. The government simply cannot remain a mute spectator. It has to intervene immediately to safeguard the interest of genuine investors against all sorts of unwanted influences in the market,” Timilsina told the finance minister. “We also told the finance minister that it was sad that the market dropped in an unprecedented manner at a time when we have a finance minister, who not only understand the stock market thoroughly, but has always been liberal and supportive of the market,” executive member of the Investors’ Forum Dipendra Agrawal said after the meeting with the finance minister. “We also urged him to take urgent steps to enforce BASEL-III in the country. We don’t understand why BASEL-III is taking so long to be implemented in Nepal when it has been enforced elsewhere in the world in 2013 itself,” Agrawal further said. Investors’ Forum officials said that they reached the finance minister asked them to meet him at his residence discuss the matters after they could not meet him in person at the ministry owing to his hectic schedule.
JAI HOS.