Finance Minister Janardan Sharma has stated that the stock market is in the best interests of the people.
Speaking at a Finance Ministry event on Friday, he stated that the stock market has become an important and major source of revenue collection. He did, however, state that he is studying and analyzing the state of the overall national economy and that he intends to present a white paper soon.
Investors have been anticipating the new finance minister’s actions as well as the monetary policy.
According to the Ministry of Finance, the stock market brought in Rs 14 billion for the government in the previous fiscal year.