'Shared Commitment and Resolve' Passed, Prioritizing Capital Market

In a bid to strengthen Nepal's capital market and establish a dynamic economy, the government coalition between Congress and UML has passed the 'Shared Commitment and Resolve' initiative. This policy emphasizes market reforms, stability, and the protection of investors, aiming to improve the overall state of the capital market.

1. Government Policy Commitment:

On Wednesday, the Cabinet meeting passed the 'Shared Commitment' with the necessary policy arrangements for capital market reforms.

Special focus has been placed on market stability and investor protection.

2. Priority to the Private Sector:

The government has embraced the private sector as the "growth engine" of economic progress and is committed to acting as a facilitator and guardian.

Policy reforms aimed at boosting confidence and enthusiasm in the private sector have been highlighted.

3. Enhancing Capital Expenditure Capacity:

The government has committed to increasing the capacity for capital expenditure to overcome stagnation in production, consumption, trade, and investment.

Policy improvements will be made to accelerate economic activities.

4. Eight-Point Shared Commitment:

The government has introduced an eight-point "Shared Commitment" focusing on prioritizing capital market development.

Improvements in institutional effectiveness and transparency within the capital market are key aspects of the proposal.

5. Protection of Private Investments:

The government has promised to prevent capital market investments from failing and to introduce policies aimed at safeguarding investors.

This 'Shared Commitment' by the government will play a crucial role in strengthening the capital market, accelerating economic activities, and boosting the confidence of the private sector. The government's announcement of policy reforms aims to enhance the stability of the capital market and protect investors.