Skip to content
|Loading...
Share Gyan home
EBook

Finance Minister Dr. Swarnim Wagle Links Stock Market Drop to Massive Rs. 1 Kharda Anti-Corruption Crackdown

Finance Minister Dr. Swarnim Wagle clarified in Parliament that the recent NEPSE downturn is driven by psychological panic over a Rs. 100 Billion (1 Kharda) ongoing legal investigation into capital market and insurance scams.

Published By Share Gyan
Finance Minister Dr. Swarnim Wagle Links Stock Market Drop to Massive Rs. 1 Kharda Anti-Corruption Crackdown

Finance Minister indicated that a temporary phase of market uncertainty is natural when the law begins to crack down on large-scale institutional misconduct. However, he reassured innocent, law-abiding retail investors that they have no reason to panic over the ongoing regulatory cleanup. Dr. Wagle further emphasized that the state's focus remains fixed on structural integrity rather than daily speculation, stating, "We do not judge the economy by how many points the stock market gains or loses in an hour. The government's primary focus is on the long-term health and stability of the market. Our priority is to make the market transparent, dignified, and trustworthy." He concluded that while the steps taken to purge corrupt practices from the capital market might cause temporary pain, they will ultimately fortify investor protection and create a resilient foundation for the future.

Food Imports Through Birgunj Border Drop by 63% in First Quarter of FY 2083/84

Food grain imports through the Birgunj customs point have declined by nearly 63% during the first three months of the current fiscal year compared to the same period last year. Imports of rice, paddy, maize, wheat, and other food grains have recorded significant decreases in both volume and value.

10 Killed, 6 Injured in Passenger Vehicle Accident in Makwanpur; Driver Identified

At least 10 people have died and six others sustained injuries after a passenger vehicle plunged around 500 meters off the road at Chisapani Gadhi in Bhimphedi Rural Municipality-6, Makwanpur, on Thursday morning. Police have identified the driver as Rabishankar Kumar Mandal of Kabilasi Municipality-8, Sarlahi.

Former Deputy Prime Minister Top Bahadur Rayamajhi Released from Jail Under Senior Citizen Concession

Former Deputy Prime Minister Top Bahadur Rayamajhi has been released from Dilli Bazar Prison after receiving a 25% sentence reduction available to senior citizens under existing legal provisions. He was convicted in the fake Bhutanese refugee scam involving fraud, organized crime, and offenses against the state.

Low-Pressure System Affects Weather Across Nepal; Light Rain Likely in Some Provinces

A low-pressure system in the upper atmosphere has affected weather conditions across Nepal, bringing partial cloud cover to mountainous and hilly regions. Light rainfall has been reported in some areas, with similar conditions expected on Thursday.

Dhorpatan Welcomes Tourists as Foreign Hunters Arrive for Blue Sheep and Himalayan Tahr Hunting

Dhorpatan Hunting Reserve in western Nepal is witnessing a rise in domestic and international visitors. While foreign hunters are arriving for the first hunting season of the fiscal year, domestic tourists are exploring its scenic meadows, mountain views, and trekking destinations.

Dan Bahadur Karki's Writ Against Removal as Nepal Police Chief Registered at Supreme Court

Dan Bahadur Karki has filed a writ petition at the Supreme Court, claiming that his removal from the post of Inspector General of Police (IGP) was unlawful. The petition, submitted on Thursday, was officially registered by the Supreme Court administration on Friday.