Government understands the seriousness of the investor’s agitation and calls another meeting; total turnover remains at zero for the second consecutive trading day

The talks are going on between the government officials and the Investors association at the ministry of finance. Finance Secretary Rajan Khanal and Revenue Secretary Shishir Dhungana are representing the government.

From investor’s side, representatives of Investor forum, Share Laganikarta Sangh and Punji Bajar Laganikarta Sangh are present in the meeting.

Despite the talks between the investors and the Ministry of Finance on Monday, the widespread conclusion was indefinable.

On Tuesday, government had formed a committee for reviewing new CGT mechanism on bonus & right share. The committee asked to submit the reviewed report within 15 days of time period.

Sharesansar talked to the member of Nepal Investors Forum, who is currently present at the meeting venue;

He said “I don’t see any requirement of forming committee on the study of said issue; it is crystal clear that the imposed tax is unscientific”. He further added “we are not going to back off until and unless, the government withdraws new CGT on bonus & right share”

All the investor across the country is united for the cause and amazingly today’s turnover is also zero which means no trade has been executed so far.

The intensity of the protest is increasing day by day; the government also knew the depth of the issue; so we hope the ongoing talks end positively for the investors.

Update: The government has rolled back to the earlier CGT provision, after which trading has resumed in NEPSE.