KATHMANDU, May 18: Investors have requested not to delay the licensing of the new stock exchange.
The investors met with the Prime Minister Pushpa Kamal Dahal on Wednesday and asked him to complete the work related to the new stock exchange and new broker license as soon as possible.
Similarly, they have also asked to return the share loan limit of 120 million rupees, to reduce the loan risk burden to 100 percent and to divide the investors into two parts and collect the capital gains tax.
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The investors have requested that capital gains tax be levied at 5 percent for short-term investors and 3 percent for long-term investors. They demand that it should be reviewed and reduced to a single digit as investors are discouraged due to the interest rate.
Earlier, Securities Board of Nepal (SEBON) had advanced the license process for new brokers, stock exchanges, commodity exchanges, etc. to improve the securities market.
As soon as the application was closed and the evaluation process started, the license process of the stock exchange was stopped by the Prime Minister Dahal's order, while the broker's license process is also being tried to be tampered with, the investors allege.
In the stock exchange license process, three companies, namely Himalayan Stock Exchange, National Stock Exchange and Annapurna Stock Exchange, had applied with the participation of most business groups in Nepal.
The investors claim that after the assessment of the business plans submitted by them started and the scores were given, the Prime Minister ordered to stop the license process under the pressure of some interest groups.
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