Jul Sat 2021 06:06:06
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Kathmandu. Two investors' organizations have asked Finance Minister Janardan Sharma to continue the 10-point policy in the IPO. The Nepal Investors Forum and the Share Investors Association have jointly met Finance Minister Sharma and made such a demand.
Representatives including Investors Forum Chairman Chhotelal Rauniyar and Share Investors Association Chairman Uttam Aryal have demanded reduction of share broker commission, reduction of capital gains tax rate and access to secondary market for shares across Nepal.
Stating that the government should not be intolerant towards the capital market, he said that Nepal's capital market is two and a half times larger than the country's annual budget. The capital market has claimed to occupy about 85 percent of the gross domestic product, while it has claimed that it has paid Rs 14.64 billion in capital gains tax annually.
It has been demanded that non-resident Nepalis and about 6 million youths be involved in nation building through industrialization and mechanization by creating employment in the country.