Kathmandu. The next fiscal year 2083. Investors believe that the budget of 84 is favorable for the stock market. They believe that the stock market will move forward in a positive way if the provisions mentioned in the budget are implemented.
In the budget, the government has pledged to develop a technology-friendly trading system along with capital market reform. In order to bring Non-Resident Nepal into the share market, the legal provisions related to foreign investment approval, investment accounting, profit return and capital gains tax will be amended. The budget has stated that legal grounds will be set for the listing of Nepali companies in the foreign share market.
Investors are excited as the government has said that even if the government increases the rate of capital gains tax in the stock market, it will be the last one. “Earlier, capital gains tax was not specified as the final tax, which had made big investors hesitant,” said market expert Prem Oli. This has created an environment for big investors to enter the market without any hesitation. ’
Oli argues that the stock market will move forward in a positive way after the entry of big investors. “The idea of bringing NRNs to the market has not been implemented in the past as well. When Non-Resident Nepalese also enter the stock market, the market environment is different. ’
Oli said that the restructuring of the share market and other policy arrangements will be made in the budget. “The market has been sideways for a long time. Now we can expect the market to pick up momentum,” he said.
Gopi Krishna Gajurel, an active stock investor, is also confident that the stock market will return to its glory as the budget is positive. “The budget has come to bring the economy back on track. It will also have an impact on the stock market,” he said.
On the other hand, the RSP government is positive about bringing a share market-friendly system, Gajurel said. “So, there is no need to be disappointed now,” he said, adding that it would be good for investors to invest in the stock market by studying the fundamentals of the company. ’
