Khatiwada emphasizes that the committee will fail to give meaningful results if the mistake is not corrected. The committee formed should have stakeholders of the concerned sector to properly address the problem of the sector. Regulators usually do not have an insight of the real problem, thus, the committee formed by the government to solve the problem of the stock market should have representatives from investors' forums and broker companies, he added.
Reminding that he had also formed such a committee during his tenure as finance minister, Khatiwada says ‘I, too, formed a committee on the same prospects, however, after demand from stakeholders, we held a discussion and accordingly formed a committee. Thus, the outcome was also owned by all. The current government, at least, should have looked into the previous precedent to avoid such mistakes. Therefore, the government should correct the mistakes as soon as possible, he stated.
The same view has been expressed by stock investors. Ambika Prasad Poudel, President of Nepal Investors Forum through his social handle asked ‘How does the government planning to treat a critically ill patient without the presence of the patient?
On Wednesday, a study panel was formed to solve the problems of the stock market. Addressing the 30th anniversary of the Securities Board of Nepal (SEBON) on Wednesday, Finance Minister Janardan Sharma informed that the four-member committee has been formed including representatives from the Securities Board of Nepal (SEBON), Nepal Rastra Bank and the Ministry of Finance. Minister Sharma committed to develop the secondary market as per the suggestions given by the committee.
He said that the Finance Ministry has been working for the betterment of the market and will take all the necessary steps to make the stock market mirror of the economy.
