Shareholders In Jhapa Have Also Petitioned The Government For Capital Market Reform

Stock investors in Jhapa have begun agitating for the first time outside of Kathmandu. In support of the ongoing stock investors' movement in the capital city, investors in Jhapa have joined the agitation.

The Jhapa District Committee of the Nepali Capital Market Investors Association has addressed separate memorandums to Prime Minister Sher Bahadur Deuba and former Prime Minister KP Sharma Oli, requesting them to tackle current stock market concerns.

A team of investors including the district leadership of the association handed over the memorandum to Prime Minister Deuba through General Secretary of the ruling Nepali Congress Biswa Prakash Sharma and UML Chairman Oli through CPN-UML Central Secretary Yogesh Bhattarai. Various five-point demands have been submitted to Prime Minister Deuba and UML Chairman, expressing support for the current movement of investors' organizations at the national level.

With the leadership of the agitating capital market investors associations in Kathmandu, the demonstrators have requested that the government eliminate the 4/12 crore limit, 3% capital gains tax deduction for long-term investors, among other demands.

On Saturday, the investor, a Jhapa local, met with General Secretary Sharma and handed over a memorandum. The memorandum encourages Prime Minister Deuba to fix the stock market crisis as soon as possible by bringing Finance Minister Janardan Sharma and NRB Governor Maha Prasad Adhikari together. Krishna Karki, the district president of the association, handed over a memorandum to Sharma, urging the central leadership of the government-led Nepali Congress and Prime Minister Deuba to resolve the issue. Meanwhile, Karki has stated that he will bring the issues, as well as the memorandum, to Prime Minister Deuba's attention.