Money expo 2011: Govt ready to protect private sector investment: FinMin
KATHMANDU, SEP 13 -
Finance Minister Barsha Man Pun on Monday assured the private sector that the government is committed to safeguarding their investment.
Given the suspicion over the Maoists whether they are really committed to develop the private sector, the newly appointed finance minister had the voice of assurance. “The government will bring some private sector-friendly programmes to win their confidence,” said Pun at the inaugural function of the Money Expo 2011, an exhibition of the Nepali financial sector which kicked off here on Monday. Acknowledging the private sector’s fear given the background of the Maoists who waged the decade-long war against the state seeking abolition of private property, Pun reassured that the private sector should not worry about security of their investments.
On the ongoing labour problems in the industrial sector, Pun said the government is committed to ensuring industrial peace and creating conducive investment environment. Nepal Rastra Bank (NRB) Governor Yubaraj Khatiwada, however, expressed concerns over people’s lack of information about the financial sector which had lead them to pay high charges for financial services. “Events like Money Expo are a platform for disseminating more and more information about the sector,” he said.
Khatiwada urged the banks and financial institutions to maintain prudence in operations. “If the existing financial institutions increase their capital size, maintain good corporate governance and initiate merger process, status of BFIs will improve,” he said.
Money Expo 2011, which is being held at the Army Officer’s Club in Kathmandu, features 80 stalls of regulatory bodies, stock exchange, commodity exchanges, bank and financial institutions, merchant bankers, investment companies and insurance, brokerage and remittance companies.
Other participants include depositories and clearing houses, portfolio management companies, financial knowledge management and training institutes, micro finance and cooperatives, traders and investors associations and financial domain technologies.
Organised by the Arthik Abhiyan daily in coordination with JAMB Technologies, Minds Nepal and Morningstar Investment Service, the expo will see speeches from experts, regulators, analysts and investors. Other attractions are national and international currency show and trading and investment movie show.
Source: Kantipur
Finance Minister Barsha Man Pun on Monday assured the private sector that the government is committed to safeguarding their investment.
Given the suspicion over the Maoists whether they are really committed to develop the private sector, the newly appointed finance minister had the voice of assurance. “The government will bring some private sector-friendly programmes to win their confidence,” said Pun at the inaugural function of the Money Expo 2011, an exhibition of the Nepali financial sector which kicked off here on Monday. Acknowledging the private sector’s fear given the background of the Maoists who waged the decade-long war against the state seeking abolition of private property, Pun reassured that the private sector should not worry about security of their investments.
On the ongoing labour problems in the industrial sector, Pun said the government is committed to ensuring industrial peace and creating conducive investment environment. Nepal Rastra Bank (NRB) Governor Yubaraj Khatiwada, however, expressed concerns over people’s lack of information about the financial sector which had lead them to pay high charges for financial services. “Events like Money Expo are a platform for disseminating more and more information about the sector,” he said.
Khatiwada urged the banks and financial institutions to maintain prudence in operations. “If the existing financial institutions increase their capital size, maintain good corporate governance and initiate merger process, status of BFIs will improve,” he said.
Money Expo 2011, which is being held at the Army Officer’s Club in Kathmandu, features 80 stalls of regulatory bodies, stock exchange, commodity exchanges, bank and financial institutions, merchant bankers, investment companies and insurance, brokerage and remittance companies.
Other participants include depositories and clearing houses, portfolio management companies, financial knowledge management and training institutes, micro finance and cooperatives, traders and investors associations and financial domain technologies.
Organised by the Arthik Abhiyan daily in coordination with JAMB Technologies, Minds Nepal and Morningstar Investment Service, the expo will see speeches from experts, regulators, analysts and investors. Other attractions are national and international currency show and trading and investment movie show.
Source: Kantipur
