Chhotelal Rauniyar Criticizes Nepal Rastra Bank Policies, Predicts Bright Future for Stock Market

Journalist Dipesh Ghimire interviewed Chhotelal Rauniyar, the former president of the Nepal Investor Forum, regarding Nepal's stock market. In this interview, Rauniyar discussed the current state of Nepal's stock market, its future, and the necessary steps for investors. He claimed that the Nepal Rastra Bank's misguided policies have hindered the stock market's growth. He also expressed hope that the upcoming monetary policy would bring improvements and brighten the market's future.

Stock Market Slowdown

Former president of the Nepal Investors Forum, Chhotelal Rauniyar, blamed the Nepal Rastra Bank's misguided policies for the stock market's sluggish pace. In an interview, he stated, "No other country's stock market index is at such a low point."

According to Rauniyar, although interest rates have decreased and some policy reforms have been implemented, long-time disillusioned investors have not regained interest in the stock market. He said, "Investors who have been pushed to a critical state cannot be attracted by such minor improvements. The market will not recover its momentum with small changes."

Policies Impacting the Market

Rauniyar accused the Nepal Rastra Bank, the Ministry of Finance, and the Securities Board of Nepal of implementing policies that have brought the market to a comatose state. He explained that, despite lower interest rates and increased liquidity, the stock market should be performing well. However, the incorrect approach and policies of these three entities have slowed the market down. He stated, "The stock market cannot gain momentum unless the policies regarding it from the Rastra Bank are sustainable."

Measures for Market Improvement

Rauniyar expressed hope that the upcoming monetary policy would bring improvements. He said, "I believe the upcoming monetary policy will provide a lot of relief. There have been political reasons for adopting incorrect policies related to the stock market." He also mentioned that political factors have impacted the stock market.

Political Influence on the Market

Rauniyar clarified that political reasons have also affected the stock market.

Restoring Investor Confidence

Rauniyar emphasized the need for concrete steps to restore investor confidence. He said, "To regain the interest of long-time disillusioned investors, the Rastra Bank needs to implement solid policy reforms."

Contemporary Policy Reforms

Rauniyar analyzed that, given the significantly lowered interest rates and ample liquidity, the stock market should be soaring. However, the misguided policies and thoughts of the Nepal Rastra Bank, the Ministry of Finance, and the Securities Board of Nepal have brought the market to a critical state.

Future Prospects

Rauniyar expressed confidence in the future brightness of the stock market. He said, "I see bright days ahead for the stock market."

Challenges Faced by the Market

Rauniyar discussed the challenges the stock market is facing. He said, "The market will not recover its momentum with small changes." He highlighted the need for substantial policy reforms.

Overall Analysis

According to Rauniyar, the current state and future of Nepal's stock market heavily depend on the policies of the Nepal Rastra Bank, the Ministry of Finance, and the Securities Board of Nepal. He said, "Until correct policies are implemented, the stock market will not gain momentum."

Conclusion

Chhotelal Rauniyar emphasized the need for solid policy reforms and political stability to improve the stock market. He expressed belief that the upcoming monetary policy would bring necessary improvements.

Source: [Watch the full interview](https://www.youtube.com/watch?v=A4Xj3w24IPk&t=199s)