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Government rolls out sweeping capital market reform plan

The government has unveiled a 21-point plan to revive Nepal’s capital market after the Bhotekoshi floods caused major damage to listed hydropower projects and other infrastructure, adding to pressure on the economy. The plan , issued by the finance ministry on Monday, includes incentives for initial public offerings, new market infrastructure, a restructuring of the Nepal Stock Exchange, tax changes and measures to broaden the range of financial instruments available to investors.

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