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NCMIA’s 7-Point Proposal to SEBON for the FY 2083/84 Budget

The Nepal Capital Market Investors Association has submitted a strategic policy framework to SEBON for the upcoming fiscal budget, prioritizing the classification of CGT as a final tax and pushing for cross-border NRN market integration.

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NCMIA’s 7-Point Proposal to SEBON for the FY 2083/84 Budget

The Nepal Capital Market Investors Association (NCMIA) is taking a hardline stance on capital market reforms, handing a definitive 7-point list of recommendations to SEBON's acting leadership for the upcoming fiscal budget. Moving past temporary market fixes, the association is demanding absolute policy stability, starting with the legislative declaration of CGT as a final tax to secure investor confidence. The proposal also takes aim at current sector restrictions, calling for an immediate repeal of dividend caps and tight regulatory ceilings imposed on microfinance institutions since 2078/79. Furthermore, to counteract steep market downturns, NCMIA is pushing for legal provisions that allow listed companies to execute stock buybacks. By modernizing digital entry for global NRNs and creating tax incentives for export-oriented businesses to list on the exchange, the association believes the upcoming budget can successfully revive retail and institutional trading volumes.

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