Incident Reports

Share market investors stage protest in Kathmandu against government

2022-06-10

Share market investors staged a demonstration in Baneshowr on June 10 against the government. The demonstrators alleged that the government was inattentive toward the correction of sharemarket which made them lose billions of money. The demonstrators have demanded to change the limit of 4 crore and 12 crore loan limit against shares. Nepal Rastra Bank (NRB) made an arrangement through the monetary policy of the Fiscal Year 2078/79 that a person could not take a share loan of more than Rs. 4 crores from the same bank and more than Rs. 12 crore form the overall financial system. 

Investors demanded that the credit-resource ratio (CCD ratio) should be abolished and the credit-deposit ratio (CD ratio) to be maintained. They also demanded to reduce the weighted average rate from 150 percent to 100 percent. Nepal Rastra Bank increased the weighted average rate of risk in the share market. The market had been declining every day since the budget announced by the government on May 30 failed to address the share market in a way that would directly benefit it. The stock market, which had recovered on June 8, continued to decline on June 9 and 10. Finance Minister Janardan Sharma, while addressing the annual festival program of the Securities and Exchange Board on June 8, said that priority was given in the budget of the coming Fiscal Year 2079/80 to strengthen the capital market.


Details and Impacts
Violent / Non-violent Nonviolent
Primary Form Demonstration
Primary Cause Other economic issues
Actor 1 - Number of people n/a
Actor 1 - Affiliations Labor organization, trade unions and other organizations based on economic demands
Actor 1 - Youth unknown
Actor 2 - Number of people n/a
Actor 2 - Affiliation (Target) Government and civil servants at central level
Actor 2 - Youth unknown
National/Online Media

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