Finance Minister Explains Stock Market Decline Due to Psychological Fear and Legal Actions

Kathmandu. The Finance Minister has given an explanation regarding the recent decline and fluctuations in the stock market. Responding to questions raised during the discussion on the Economic Act, 2081 in the House of Representatives, the Finance Minister stated that the main reasons for the market's decline are psychological fear and the process of legal action.

The Finance Minister informed that the government is closely monitoring the significant deviations seen in the capital market and insurance sector. He mentioned that recently, various cases with claims exceeding 100 billion rupees have been initiated, and the capital market and insurance sector are at the center of this. During his address, the Finance Minister said, 'Currently, cases involving claims exceeding 100 billion rupees are underway. The capital market and insurance sector are seen at the center of this. As this process of investigation and action progresses, some investors may have experienced confusion or fear of 'falling into it too'. This is the impact seen in the market.' He indicated that the initiation of legal action against those involved in major irregularities has created some temporary uncertainty in the market.