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Finance Minister Wagle holds talks with secretaries, SEBON, NEPSE after share market plunges

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Kathmandu. Finance Minister Dr. Swarnim Wagle held discussions with stakeholders at the Ministry of Finance on the issue of share market today.

Minister Dr. On Monday, Wagle called the Finance Secretary, the concerned department chiefs, the chairman of the Securities Board of Nepal and the Chief Executive Officer (CEO) of Nepal Stock Exchange (NEPSE) to discuss about the market.

After the issue of money laundering that came after the formation of the new government, the stock market continued to fall. Today, Wagle held a discussion with the officials of the concerned bodies on what can be done for the improvement and development of the market.

Immediately after the formation of this government, a 100-point agenda was issued for governance reforms. Investors argue that the market is a bit disappointed due to the number 45 in it.

In order to systematize the corruption control, the NRB has been asked to establish an integrated digital asset registry that includes bank accounts, digital wallets, share investments and other financial activities within 100 days, implement a risk-based indication system and automatically identify suspicious transactions and start investigation process through the concerned authorities.

An investor said that this has affected the market.

Lawmaker Hari Dhakal and others met Minister Wagle on Wednesday after the market fell on Tuesday. During the meeting, discussions were held on market development. During today’s meeting, Minister Wagle informed that the RSP would follow the issues related to the share market in letter and spirit, according to sources.

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