Finance Minister Dr. Swarnim Wagle has clarified that the government will not artificially boost and then crash the share market merely for public popularity.
Finance Minister Dr. Swarnim Wagle recently stated that the government is not adopting a policy of artificially inflating the stock market just to gain popularity, only to letting it fall later.
Speaking at a program called ‘Citizen, Policy, and Leadership,’ organized by the Rastriya Swatantra Party (RASWAPA) on Thursday, he explained that the government’s policy is to keep the share market transparent and well-regulated. This approach aims to secure interests of investors.
He further added that regulatory improvements are currently underway, particularly to protect money invested by small-scale investors.
Minister Wagle strongly stated, “This government has not come to artificially ‘bump’ up the share market for two months of popularity and then ‘dump’ it. Our policy is to move forward by protecting the investments of all general investors, especially small investors, within a clear and regulated framework. For this, you all have criticized me for these four months. I have taken all that criticism like poison and continued working for the country’s benefit.”
Wagle admitted that he has faced a lot of criticism and harsh words over the last four months because of the government’s policies regarding the share market. However, he emphasized that bringing long-term improvements to the country’s economy is a higher priority than simply being popular.
He also claimed that the reforms announced in budget for the current fiscal year, specifically concerning the share market, are set to be put into action in about a week.
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.
