What are the suggestions made by the SEBON , NEPSE and CDS for capital market reform?

The government is set to present the budget for the fiscal year 2081-82 in parliament on Jestha 15. Currently, the Ministry of Finance is working on drafting the budget. Last Tuesday, the government presented the policy and program for the upcoming fiscal year in parliament.

President Ram Chandra Paudel presented the policy and program in a joint session of both houses of the federal parliament. Based on this, the budget will be presented in parliament on Jestha 15.

The Ministry of Finance is gathering suggestions from various stakeholders. Regulatory bodies of the capital market have also provided their suggestions for the budget.

In past years, only a few suggestions from the capital market were included in the budget. Some prioritized issues have not been implemented for a long time.

The Nepal Securities Board has provided suggestions for the development and expansion of the capital market. The board has suggested restructuring the Stock Exchange and CDSC.

CDSC has suggested making capital gains tax the final tax and maintaining tax exemptions after merger processes. NEPSE has suggested its own restructuring and issuance of IPOs.