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December 20: Finance Minister Bishnu Prasad Poudel has shown special interest in the stock market. The minister directed the top officials of the regulatory body to identify the existing problems and move ahead to resolve them immediately. Stating that the capital market is going to expand, he stressed on the need for the regulatory bodies to work out on a timetable to resolve the current problems.
He directed the Securities Board of Nepal (SEBON) to immediately reduce the broker commission on stock trading, which has been demanded by investors for a long time.
“Don’t delay in reducing the broker commission, be pro-active,” Minister Poudel said while giving instruction in a meeting recently held at the Ministry of Finance.
Investors are demanding a reduction in the fees paid to brokers in stock trading, saying they are too high. At present, the investors have to pay 0.4 to 0.6 percent fees to the broker for stock trading. SEBON has already started homework to reduce the brokers’ fee. A board member said that a study has been done on how much the commission will be fixed.
"Currently, a detailed study is being done on the specific cost of the brokers. On that basis, the fee will be determined," said a senior official of the board.
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
