The newly appointed Chairman of Securities Board of Nepal (SEBON), Dr. Gopal Prasad Bhatta, has shared his vision to develop capital market as the main engine for country’s economic growth.
The newly appointed chairman of Securities Board of Nepal (SEBON), Dr. Gopal Prasad Bhatta, has said that capital market is the “engine” of our economy. He also shared that he will bring out a detailed plan within next 15 days.
Capital Market as the Main Engine for Growth
While speaking in television show Arthako Artha, Chairman Bhatta said we must develop the capital market as the main engine of national economic development. He explained that capital market creates capital, and by mobilizing this capital into productive areas, country can achieve economic prosperity.
“Capital market is engine… it has to generate capital and from that generated capital, we must grow nation, develop it, and bring economic prosperity,” Dr. Bhatta said during the program.
Need for New Financial Instruments and Short Selling
Chairman Bhatta also pointed out that Nepal’s capital market needs new financial instruments. He mentioned that he has been raising voice to implement systems like short selling from a long time.
“I have been speaking since earlier that short selling instruments should be brought. That thing is happening in developed countries or neighboring countries already. I do not think it will be very difficult for us to manage it,” he added.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
