Investors’ pressure group demands resignation of the finance minister; threatens to go from relay hunger strike to fast until death

Continuing the relay hunger strike for the fourth day, Investors’ pressure group has released a press statement expressing their agendas and objectives.

In the light of ignorance from finance minister and ruling government towards the demand of pressure group, the group has openly demanded the resignation of finance minister Dr. Yuba Raj Khatiwada. The statement released mentioned that the ruling government, which came into power with two third majority, had decided to appoint Dr. Khatiwada as the finance minister which was welcomed by the people since it was believed that he had apt financial literacy to take the economy forward. But after he showed no interest towards the demands in four days of strike, the demand for his resignation has been proven to be the correct decision.

The responsible authorities still have no clear plan of action to improve the current situation said the statement. It was also mentioned that the authorities are busy with their internal conflicts, with one trying to pull the other one backward, not allowing anyone to move forward.

Many political parties like Nepal Congress, Rastra Janata Party etc. have supported the pressure group’s 14 point demand to improve the condition of the securities market. Major support has been received from Investors’ Forum and ordinary investors while the government has chosen to turn a blind eye towards the regulation and development of the securities market. This shows how responsible the government is towards the ordinary people. The statement also mentioned that the ruling party, Nepal Communist Party have shown no interest in regulating the securities market and investors’ protection which is taking the economy on a tough and falling path.

Even internationally renowned organizations like World Bank, IMF etc. have stated that the economic conditions of the country are not sound and the country doesn’t house an investment friendly environment. In this situation the finance ministry must be handed over to someone who is responsible, understanding and has a political background to bring the economy on the right track.

As per the statement, the pressure group feels that a peaceful strike is not enough to provoke change and it must be upgraded to hunger strike until death to get the governments attention.

In this context, the pressure group has urged investors outside the valley to begin relay hunger strike in front of their respective district offices and to show support towards the 14 point demand of ordinary investors along with the resignation of the finance minister, Dr. Yuba Raj Khatiwada.