Finance Minister Dr. Swarnim Wagle has announced that the stock market reform plans mentioned in the current fiscal year’s budget will start implementing within the next two weeks.
Finance Minister Dr. Swarnim Wagle said that the share market reforms announced in the current fiscal year budget will go into implementation within next two weeks. He shared this information while speaking at a program named “Nagarik, Neeti ra Netritwa” which was organized by the Rastriya Swatantra Party (RSP).
Government Focuses on Stable Reforms Rather Than Artificial Growth
During the event, Wagle explained that the government does not want to artificially pump up the share market for quick popularity only to let it crash later. Instead, the government policy is to protecting small investors and build a clean and strong regulatory framework. He mentioned that he had to tolerate a lot of abuses and criticisms for the past four months due to this policy, but he accepted it all like poison for the larger benefit of the country.
Implementation of Budget Plans to Start Soon
The Finance Minister also stated that he has appointed a highly capable person as the chairman of the regulatory body. He expects that the board meetings of regulatory body will start from next week, which will quickly lead to the implementation of the stock market reforms promised in the budget. Wagle emphasized that protecting the investment of general and small investors is his main priority rather than making popular decisions that do not help in the long run.
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.
