Monday, December 17, 2018

Share investors start hunger strike at Nepse

Two share investors have started a hunger strike on the premises of Nepal Stock Exchange (Nepse) – against the governmental from today – citing that the secondary market has not been serious in addressing their demands.
The share investors’ pressure group has demanded the resignation of finance minister Dr Yubaraj Khatiwada, governor of the central bank Dr Chiranjibi Nepal, chairman of Securities Board of Nepal (Sebon) Dr Rewat Bahadur Karki, chairman of Nepal Stock Exchange (Nepse) Laxman Neupane and chairman of Insurance Board (IB) Chiranjibi Chapagain.
Tilak Koirala and Hari Dhakal – representatives of the pressure group – have started a hunger strike stating that the government authorities – especially finance minister Dr Yubaraj Khatiwada – are solely responsible for the current situation in the stock market.
The share investors’ pressure group has also unveiled a series of protest programmes putting forth various demands including reforms in the capital market, protection of investment and creating an environment conducive for investment.
"We have started a hunger strike for the betterment of the stock market," the pressure group’s coordinator Hari Dhakal said, adding that they strongly demand the resignation of the finance minister, who is not share market friendly. "If the they do not resign they will not end the hunger strike."
They have already been staging a relay-strike since the past eight days. "We have been compelled to launch protest programmes as the government has failed to address our demands," Dhakal added.
Earlier, the Finance Ministry had formed a committee led by deputy governor of Nepal Rastra Bank (NRB) Shivaraj Shrestha comprising share investors to identify the problems in the share market and recommend necessary suggestions. "The committee was supposed to submit its report today but officials at the Finance Ministry refused to accept the report citing that more discussions need to be held regarding the issue,” according to Nepal Investors’ Association.
Asking the government to introduce necessary act, regulations and laws for greater interest of capital market, the protesters have also accused the government-formed committee of ignoring their demands.

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