The Finance Minister Mahat Claims, the Governor Delayed to Remove the Limitation of 12 Crore Criteria
Kathmandu: Despite discussions between the finance minister and the governor about removing the limit of 120 million on share mortgage loans common investors are disappointed when the final decision has not been reached.
In the discussion of the financial sector high-level coordination committee held last week Finance Minister Dr. Prakash sharan Mahat and Rashtra Bank Governor Maha Prasad Adhikari had agreed to review the share mortgage loan within the limit of 12 crores. but the Rashtra Bank has not taken the positive suggestion to the board’s discussion.
He did not raise the issue of removing the limit of 120 million in the board and the common investors are disappointed. The Finance Minister who took the meeting between Mahat and Governor Adhikari as positive, said that he had informed the Governor in the board’s program today, but he was not interested in the matter.
On the occasion of the World Investor Week on Monday, Finance Minister Dr. Prakash sharan Mahat gave this information.Stating that common people will focus on this only if they can get profit from shares Minister Mahat said that common people’s investment should be protected.
He said that there is a need for financial literacy for this. “Players who know when to lower, when to raise, and when to do what is beneficial take advantage of this while common investors are at risk.”
He said, ”Insider training sometimes comes up, there is a tendency to leak information, the Securities Board should bring it within the scope of regulation.”
He said that it is also necessary to create an environment of healthy competition in order to attract investment in the stock market. He said, earlier there were only limited brokers. Now the number of brokers has increased, now monopoly will be reduced. Common investors will get the benefit of this.
Informing that the ‘chat board’ has been launched, Minister Dr. Mahat said, “This board has started a convenient platform that can immediately address inquiries, information and complaints about the stock market. It will be used by everyone. Minister Mahat said that the stock market is down now, there are various reasons for it and there are problems in regulation and micro management. He said, “It will be resolved.” I believe that some decision will come soon for the stock market.