June 14: Preparations are underway to form a federation of share investors. The meeting of various share investors’ associations and unions held in Kathmandu on Tuesday decided to announce the federation of share investors next week.

Similarly, the meeting has also decided to present a unified suggestion to the Nepal Rastra Bank from the stock market for new monetary policies. 

Since the Finance Minister has pledged to remove the provisions detrimental to the share market in the new budget, investors are confident that Nepal Rastra Bank will incorporate share market-friendly arrangements in the new monetary policy. 

Furthermore, the meeting has also expressed solidarity with the protesting employees of the Nepal Stock Exchange demanding its restructuring. As per the decision, the investors will approach the Ministry of Finance with NEPSE’s staffers and take initiatives for its restructuring.

In addition, the meeting has also demanded to rectify the directive of Parliamentary Committee on Finance to halt issuance of new stock exchange and broker licenses. 

Since the issuance of the new stock exchange and broker licenses has moved ahead in accordance with prevailing law and Supreme Court diktat, it is unbecoming for the finance committee to halt the license issuance process, said the investors.