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Deputy Prime Minister and Finance Minister Bishnu Paudel has instructed the Nepal Securities Board not to be influenced by anyone's pressure and rise above it. At the 33rd anniversary program of the board on Sunday, Finance Minister Paudel instructed the board to adopt a policy of encouraging those who do good and punishing those who do wrong.
The role of the Securities Board in the development and expansion of the capital market is indispensable. Therefore, work above the pressure and influence of others,' he said, 'encourage those who do good and punish those who do bad.' Since the government wants qualitative improvement in the capacity and role of the Securities Board, he was instructed to work accordingly.
"There are many problems in the stock market including insider trading, share cornering, transparency in transactions, the board should adopt a zero tolerance policy to control such transactions," Finance Minister Paudel said. He said that the work of the Securities Board should be done in such a way as to instill the confidence of the investors. He said that the board should also play a role in introducing new tools during the development and expansion of the
stock market.
