KATHMANDU, MAY 1

Representatives from the Nepal Investors Forum, Share Lagani Karta Sangh Nepal and Nepal Punjibazaar Laganikarta Sangh met with Minister for Finance Prakash Sharan Mahat today and submitted a six-point suggestion related to the rapid development of the capital market.

The stakeholders suggested Minister Mahat to implement the licence distribution process for additional broker licence, formation of a new stock exchange and commodity exchange market without delay. Similarly, it has been suggested to withdraw the cap of Rs 120 million set on the limit of loans for shares.

Similarly, they demanded that the risk weighted average be decreased to 100 per cent from the 150 per cent imposed on share loans.

It has been suggested to impose five per cent capital gains tax on short-term investors and three per cent on long-term investors. Currently, 7.5 per cent is imposed for short-term investors and five per cent for long-term investors.

Investors have also requested the finance minister to reduce the interest rate to single digits as well as solve the liquidity problem.

A version of this article appears in the print on May 2, 2023, of The Himalayan Times.