Government Mandates Listing of Companies with Significant Capital in Securities Market
Author
NEPSE trading
The government has announced that companies with a significant amount of capital will be required to be listed on the securities market. Finance Minister Barshaman Pun made this statement while presenting the budget for the upcoming fiscal year 2081/82.
Minister Pun highlighted the government's commitment to protecting the investments and interests of investors in the capital market. He stated that the institutional strengthening of the Securities Board of Nepal (SEBON) will be undertaken to achieve this goal.
In addition, legal and institutional frameworks will be established to operate a commodities exchange market. This initiative aims to enhance the market's efficiency and transparency, providing investors with more opportunities.
To foster entrepreneurial thinking among the youth and transform it into business ventures, business incubation centers will be established in each province. These centers will support young entrepreneurs by providing them with the necessary resources, mentorship, and training to succeed in their business endeavors.
Minister Pun also announced that loans provided by banks and financial institutions will be encouraged to flow towards innovation. The government will facilitate the investment of various funds into securities units of private equity funds and venture capital funds. This move is intended to promote innovative business ideas and support the growth of startups and emerging companies.
By implementing these measures, the government aims to create a more robust and dynamic capital market, ensuring that investors' interests are protected while fostering a conducive environment for business growth and innovation. The mandatory listing of companies with significant capital on the securities market will enhance market transparency and provide investors with more investment opportunities.
Furthermore, the establishment of business incubation centers across the provinces will empower young entrepreneurs, helping them transform their innovative ideas into successful business ventures. The promotion of private equity and venture capital investments will support the growth of new businesses and contribute to the overall economic development of the country.
In conclusion, these initiatives reflect the government's strategic approach to strengthening the capital market, supporting entrepreneurship, and promoting economic growth. The focus on institutional strengthening, legal frameworks, and innovative financing will pave the way for a more transparent and dynamic economic environment.