Nepal capital market investors' association presents 13 points suggestion to NRB for upcoming Monetary Policy; See the list of suggestions

Chairperson of Nepal Capital Market Investors' Association, Ms. Radha Pokharel, has submitted a 13-points suggestion paper to the Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal.

Nepal Rastra Bank has opened its doors for suggestions for its upcoming Monetary Policy for FY 20767/77. The Monetary Policy to be brought by the central bank will prepared by maintaining consistency with the Budget presented by Finance Minister Dr. Yubaraj Khatiwada.

Thus, representing the capital market of Nepal a 13-points suggestion paper has been submitted. These points are listed below:

1. Interest minimization on share collateralized loans.
2. The limit of share collateralized loans should be extended from 65% to 80%.
3. Easy availability of online trading system to all investors.
4. RWS should be popularized.
5. Capital market awareness education and training programs should be made available nation wide.
6. Budget has stated that mechanisms will be prepared to bring Non-resident Nepali investors into Nepali capital market. That should be prioritized and implemented.
7. Discount facilities to encourage female participation in stock market like in housing and real estate sector.
8. Necessary infrastructure to be prepared to convert large fund in market makers.
9. Legal provision to be created for punishing the Directors of companies not convening AGM on time.
10. Artificial shortage of deposits shown by banks time and again, which has created situation for market manipulation should be stopped.
11. The liquidity of banks has had a negative impact in capital market. Therefore, the monetary policy should relax the CCD ratio to 85% for some period.
12. The margin call is another hurdle of market, which was addressed to some extent by last Monetary Policy. This should eased further.
13. The banks are encouraged for big mergers and same should be extended for Microfinance companies. Similarly, no new licenses should be provided.