Kathmandu. Finance Minister Dr. Swarnim Wagle has been appointed as the newly appointed chairman of the Securities Board of Nepal (SEBON). Gopal Prasad Bhatta administered the oath of office and secrecy. At a programme organized at the Ministry on Monday, Minister Dr. Wagle administered the oath to him.

A cabinet meeting held on June 5 had appointed Bhatta as the chairman of the board.

After the swearing-in ceremony, Finance Minister Dr. Wagle also directed the newly-appointed chairman Bhatta to work honestly for the safety and welfare of investors’ investment. Minister Khatiwada also said that the newly-appointed chairman should pay special attention to protect the investors’ investment and catch the rhythm of economic growth through capital mobilization in the market. Wagle said.

“Protect the investment of the investors in the capital market without any greed and influence,” he said. Wagle said, “I am with you. The government will provide all kinds of support. Create an environment for economic growth through capital mobilization. ‘

Finance Minister Dr. Wagle also directed the newly-appointed chairman Bhatta to present plans for every day, week, month, six months and one year to carry out capital market reforms. On the occasion, Finance Minister Wagle directed Bhatta to dispel the fear created among small investors by spreading unnecessary rumors in the market.

“Implement the capital market reform plans within a time-frame. Fulfill the role of regulation efficiently by increasing confidence in the market,” the Finance Minister said, “There will be no interference from the ministry.” Don’t talk too much, work on the results. I need market briefings every week. ‘

Newly-appointed board chair Bhatta has said that he would work sincerely for the development of capital market as per the plan of the government and the Finance Minister. He also pledged to fully utilize his knowledge, experience and skills in the interest of market investors and support the government’s economic growth goals.

He said that the government will continuously work for the development of the market by implementing the studies and recommendations made at different times for the improvement of the capital market.