The public relations advisor to Finance Minister Dr. Swarnim Wagle has urged stock market investors to stay away from fake rumors and misleading social media claims.
Nabin Dhungana, personal under-secretary and public relations advisor to Finance Minister Dr. Swarnim Wagle, has requested stock market investors to not run after rumors and fake news. Sending out a message on the occasion of the new fiscal year 2083/84, he said that it is natural for investors to feel sad and angry when market goes down, but they should not make decisions based on rumors.
Economy Indicators are Improving
Dhungana said that stock market is a very important part of our economy, and many economic indicators are showing signs of improvement. He explained that there is enough liquidity in the market, interest rates have decreased, and government has brought policy to exempt income tax for people with regular high income to increase spending and investment. Also, people who had tax disputes have been given historic exemptions to restart their businesses. He added that the country has a stable government, an expert finance minister, and transparent leadership in regulatory bodies.
Action Against Market Manipulators
He mentioned that regulatory bodies are working on plans to improve the share market. Those groups who are trying to create a big mess like Harshad Mehta by doing illegal things in market are currently being investigated. However, some groups are still trying to spread false rumors that the market is not doing well just to take personal benefits from the situation.
Do Not Believe Social Media Rumors
Dhungana explained that they have received information about sponsored rumors being spread where people are taking specific names and saying they are getting arrested or investigated. He clearly said that government does not work like that. He requested investors to not believe information coming from Clubhouse, WhatsApp, Messenger groups, or people who call themselves as market leaders, as they are not official government sources.
Instead, investors should study properly before putting their money in the stock market. For any important information, they should only contact official government bodies.
To see the official message posted by the advisor, you can view the screenshot of the update.
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.
