What impact will the budget have in Stock Market?
Sun, May 29, 2016 12:52 PM on Latest, Featured, Stock Market,
Annual Budget for fiscal year 2073/74 worth Rs 10.48 kharba was presented by Finance Minister Bishnu Poudel at the parliament yesterday.
Here is opinion of our experts on impact of budget on secondary market.
Anal Raj Bhattarai
Chartered Accountant
In my opinion, the budget for fiscal year 2073/74 will strengthen the stock market. For past 3-4 trading days the stock market seemed nervous as there were rumors regarding increment of capital gain tax but the budget has made clear that taxes would remain the same which will make the stock market confident.
Budget has also taken a positive and bold step to provide 15% waiver on tax to the manufacturing companies that will get listed in Nepal Stock Exchange Limited (NEPSE). This step will attract various companies and industries to the stock market.
The budget has also made a commitment to construct hydropower projects, where 51% of the investment will be made by government and 49% of the investment will be made by public.
The budget will further support the stock market to move upward in coming days.
Gyanendra Lal Pradhan
Executive Chairman, Hydro Solutions
I believe, the budget will further encourage the market to go up. The stock market will cross 1800 points easily in near future.
Earlier budgets were not inclusive of the stock market. This year’s budget somewhat includes stock market. The government has taken pride over the market reaching 1500 points index.
A waiver of 15% on tax will be provided to manufacturing industries if they get listed in Nepse. This will attract food industries, cement industries to get listed in the stock market. If such industries enter stock market than the control of banking sector in Nepse will decline which will further help market to mature. It will be more feasible for the private companies to enter the stock market if are allowed to issue shares at a premium rate.
Anal Raj Bhattarai
Chartered Accountant
In my opinion, the budget for fiscal year 2073/74 will strengthen the stock market. For past 3-4 trading days the stock market seemed nervous as there were rumors regarding increment of capital gain tax but the budget has made clear that taxes would remain the same which will make the stock market confident.
Budget has also taken a positive and bold step to provide 15% waiver on tax to the manufacturing companies that will get listed in Nepal Stock Exchange Limited (NEPSE). This step will attract various companies and industries to the stock market.
The budget has also made a commitment to construct hydropower projects, where 51% of the investment will be made by government and 49% of the investment will be made by public.
The budget will further support the stock market to move upward in coming days.
Gyanendra Lal Pradhan
Executive Chairman, Hydro Solutions
I believe, the budget will further encourage the market to go up. The stock market will cross 1800 points easily in near future.
Earlier budgets were not inclusive of the stock market. This year’s budget somewhat includes stock market. The government has taken pride over the market reaching 1500 points index.
A waiver of 15% on tax will be provided to manufacturing industries if they get listed in Nepse. This will attract food industries, cement industries to get listed in the stock market. If such industries enter stock market than the control of banking sector in Nepse will decline which will further help market to mature. It will be more feasible for the private companies to enter the stock market if are allowed to issue shares at a premium rate.
