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Financial Market in Nepal: Challenges of the Financial Sector Development in Nepal

Financial Market in Nepal: Challenges of the Financial Sector Development in Nepal

Narayan Prasad Paudel
Copyright: © 2016 |Pages: 49
ISBN13: 9781522500049|ISBN10: 1522500049|EISBN13: 9781522500056
DOI: 10.4018/978-1-5225-0004-9.ch009
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MLA

Paudel, Narayan Prasad. "Financial Market in Nepal: Challenges of the Financial Sector Development in Nepal." Financial Market Regulations and Legal Challenges in South Asia, edited by Amit K. Kashyap and Anjani Singh Tomar, IGI Global, 2016, pp. 146-194. https://doi.org/10.4018/978-1-5225-0004-9.ch009

APA

Paudel, N. P. (2016). Financial Market in Nepal: Challenges of the Financial Sector Development in Nepal. In A. Kashyap & A. Tomar (Eds.), Financial Market Regulations and Legal Challenges in South Asia (pp. 146-194). IGI Global. https://doi.org/10.4018/978-1-5225-0004-9.ch009

Chicago

Paudel, Narayan Prasad. "Financial Market in Nepal: Challenges of the Financial Sector Development in Nepal." In Financial Market Regulations and Legal Challenges in South Asia, edited by Amit K. Kashyap and Anjani Singh Tomar, 146-194. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-5225-0004-9.ch009

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Abstract

The Nepalese financial sector is attributed of banking sector and non-banking sector. There is exponential growth in the number of financial institutions in Nepal in the last decade. The existing legal framework and institutional setup in Nepal is not conducive to the overall financial sector and private sector development and thus there is an urgent need for reformation in these sectors. The major impediments to private sector involvement in infrastructure development projects include the political and administrative instability; lack of consistent planning; lack of effective institutional support in designing and development of private sector infrastructure projects. Talking about the capital market and capital gains In Nepal, capital gains on securities transactions are taxed as ordinary income to corporations and individual investors while in most of the emerging markets capital gains on investments in stocks and bonds are not taxed, which need to be reformed as per the international practices.

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