Kathmandu- The government has formed a three-member committee to study the new stock exchange. The Cabinet meeting held on Tuesday formed a study committee chaired by former Deputy Governor of Nepal Rastra Bank Chintamani Siwakoti.

Government Spokesperson and Minister of Communications and Information Rekha Sharma has informed that a three-member study committee has been formed under the chairmanship of Nepal Rastra Bank’s former Deputy Governor Sivakoti to study the organized sector that operates the securities market.

The committee will have to submit recommendations to the government within 45 days .After the proposal to license the new stock exchange reached the cabinet, the government formed a study committee to study it. The Securities Board has already accepted applications for new stock exchanges.

Three applications have been received for the new stock exchange. Himalayan Stock Exchange, National Stock Exchange and Annapurna Exchange have applied for the new stock exchange.