SEBONAnnual Report 2069-70

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af]8{sf] jflif{s k|ltj]bg ;dodf g} k|:t't ug{ kfpFmbf ;DalGwt ;a}df v'zL JoQm ug{ rfxG5' . o; jflif{s
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Joj;foL tyf ;"rLs[t ;+ul7t ;+:yfx?sf] ultljlw ;dfj]z ul/Psf] 5 .
o; aif{ af]8{n] nufgLstf{ ;r]tgf tyf k|lzIf0f sfo{qmd, ;+:yfut nufgLstf{sf] ahf/ k|j]z tyf s]Gb|Lo
lgIf]k ;]jf ;+rfngdf Nofpg] sfo{nfO{ pRr k|fyldstf lbO{ cfkmgf] aflif{s sfo{qmdx? cufl8 a9fPsf] lyof] .
k"FhLahf/ tyf To;df cGt{lglxt hf]lvdk|lt ;r]t nufgLstf{x?g} ahf/ lasf; tyf la:tf/sf cfwf/ x'g
eGg] tYonfO{ dWogh/ ub}{ af]8{n] b]zsf laleGg !* :yfgdf :yfgLo p3f]u afl0fHo ;+3sf] ;xsfo{df ;r]tgf
tyf k|lzIf0f sfo{qmdx? ;+rfng u/]sf] lyof] . o:tf sfo{qmdx?df pBf]uL, Joj;foL, sd{rf/L tyf
;j{;fwf/0fx?af6 ePsf] pT;fxaw{s ;xeflutfn] g]kfnsf] k"FhLahf/df nufgLstf{ cfslif{t ePsf] b]lvG5 .
lwtf]kq af]8{sf sd{rf/L, lwtf]kq Joj;foL tyf ;DalGwt If]qsf la1x?nfO{ >f]t JolQmsf] ?kdf kl/rfng
u/L cfof]hgf u/Lg] ul/Psf] o:tf sfo{qmdx?nfO{ af]8{n] cfufdL lbgx?df klg k|fyldstfsf ;fy ;+rfng ub}{
hfg]5 . k"FhLahf/sf] la:tf/df s]Gb|Lo lgIf]k ;]jfsf] dxTjk"0f{ e"ldsf /xg] kl/k]|Iodf o;nfO{ k"0f{ ;+rfngdf
Nofpg af]8{n] lwtf]kq sf/f]af/ tyf lx;fa /fkm;fkm ljlgodfjnLsf ;fy} s]Gb|Lo lgIf]k ;]jf ljlgodfjnLsf
cTofjZos bkmfx?df ;+zf]wg u/]sf] 5 . lwtf]kq sf/f]af/ tyf lx;fa /fkm;fkm ljlgodfjnLsf] sfof{Gjog
kZrft lwtf]kq v/Lb laqmLsf] lx;fa ldnfg T+3 df ;DkGg eO{ g]kfn :6s PS;r]Ghdf x'g] sf/f]af/sf]
cfotgdf pNn]Vo a[l4 ePsf] 5 .
To:t}, af]8{n] g]kfnsf] k"FhLahf/ ;DklQ z'l4s/0fsf] dfWod aGg g;sf]; eGg] pb]Zon] lwtf]kq Joj;foLx?n]
u|fxssf] klxrfg ug]{, z+sf:kb sf/f]af/x?sf] klxrfg ug]{, To:tf sf/f]af/sf] hfgsf/L lbg] h:tf Joj:yfx?
u/L ;DktL z'4Ls/0f ;DaGwL lgb]{lzsf nfu' u/]sf] 5 . ahf/df JolQmut nufgLstf{x?sf] afx'Notf /xL
;+:yfut nufgLstf{x?sf] cefj /x]sf] cj:yfdf b'O{j6f ;fd"lxs nufgL sf]ifnfO{ ! ca{ @% s/f]8 of]hgf
;+rfng ug{ cg'dlt k|bfg u/sf] 5 . pSt of]hgfsf] ;Dk"0f{ OsfO{ laqmL eO{ xfn pSt of]hgfx?n] ahf/df
;+:yfut nufgLstf{sf] ?kdf sfo{ ub}{ cfO/x]sf 5g\ . s'g} klg d'n'ssf] k"FhLahf/sf] cfsf/ ToxfF ;+rfngdf
/x]sf ;fd"lxs nufgL sf]if / ;f] sf]ifn] Joj:yfkg ul//x]sf] ;DklQsf] cfwf/df dfkg ul/g] laZjJofkL
k|rng z'? eO{;s]sf] cj:yfdf af]8{n] g]kfnsf] k"FhLahf/df yk ;fd"lxs nufgLsf] k|j]z / ;+rfngnfO{
;xhLs/0f ug{ ;fd"lxs nufgL sf]if lgb]{lzsf sfof{Gjogdf NofPsf] 5 eg] g]kfn ;/sf/n] ;fd"lxs nufgL
sf]iff/f nufgL u/L k|fKt ePsf] cfodf s/ gnfUg] Joj:yf u/]sf] 5 .
o;/L af]8{n] ahf/ lasf;sf nflu u/]sf pk/f]Stfg';f/sf sfo{x?sf] kmn:j?k k"FhLahf/k|lt nufgLstf{x?sf]
laZjf;df clea[l4 eO{ cfly{s aif{ @)^*.^( sf] cGtdf #*(=&$ df /x]sf] g]K;] kl/;"rs cfly{s aif{
@)^(.&) sf] cGtdf %!*=!# laGb'df k'u]sf] 5 . tyf ldlt @)&))&@* df g]K;] kl/;"rs ^))=$% k'u]sf]
5.
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lalqm ;]jf :yfgLo :t/af6 g} ug{ kfpg'kg]{ h:tf r'gf}tLk"0f{ dfux? klg a9b} uO/x]sf 5g\ . g]kfn :6s
PS;r]Ghsf] laBdfg sf/f]af/ k|0ffnLsf] Ifdtf clea[4L u/L k"0f{ :jrflnt OG6/g]6df cfwfl/t cgnfO{g
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cg';f/sf] lwtf]kq cf}hf/x?df laljlws/0f x'g ;ls/x]sf] 5}g . ;"lrs[t ;+ul7t ;+:yfx?sf] lwtf]kq ahf/
;"rgf k|jfx tyf ;+:yfut ;'zf;gsf] l:ylt ;'wf/pGd'v ePtf kgL ck]Iff u/] cg'?k x'g g;s]sf]], a:t'
ahf/sf] lgodg lwtf]kq af]8{n] ug]{ k[i7e"lddf pSt ahf/sf] lgodgsf nfuL cfjZos sfg'gL k"jf{wf/ tof/
u/L xfn ;+rfngdf /x]sf ;+:yfx?nfO{ lgodg bfo/fdf Nofpg' r'gf}tLsf] ?kdf /x]sf] 5 . ;"lrs[t ;+ul7t
;+:yf, lwtf]kq Joj;foL tyf ahf/sf cGo k"jf{wf/x?sf] a[4L ;Fu;Fu} lwtf]kq af]8{sf] ;+:yfut Ifdtf clea[l4
ug'{ r'gf}tLk"0f{ /x]sf] 5 . cuf8L b]lvPsf oL r'gf}tLx?nfO{ s'zntfk"j{s ;fdgf ub}{ Ps :jR5, ljZj;gLo,
kf/bzL{, hjfkmb]xL, ultzLn tyf k|lt:kwL{ lwtf]kq ahf/ lasf; tyf lj:tf/sf] cfkmgf] nIo k|fKt ug{ af]8{
lg/Gt/ nfuL/xg] ljZjf; lbnfpg rfxG5' .
;fy}, lwtf]kq ahf/ lgodg tyf ljsf;sf] qmddf dxTjk"0f{ of]ubfg k'ofpg' ePsf af]8{sf k"j{ cWoIfHo"x?
k|lt af]8{ kl/jf/sf] tkm{af6 k|z+;f ug{ rfxG5' . o;}u/L af]8{df g]kfn /fi6 a}+saf6 k|ltlglwTj ug'{ ePsf
lgjt{dfg af]8{ ;b:o >L nf]saxfb'/ v8sf, g]kfn ;/sf/af6 dgf]lgt lgjt{dfg la1 ;b:o >L sf]dn
lrqsf/, g]kfn rf68{ PsfpG6]G6\; ;+:yfaf6 k|ltlglwTj ug'{ ePsf lgjt{dfg ;b:o >L dx]zs'df/
u'/fufO{+nfO{ af]8{sf] gLlt lgdf{0f sfo{df pxfFx?n] k'ofpg' ePsf] cd"No of]ubfgsf] nflu wGoafb 1fkg ug{
rfxG5' .
lwtf]kq ahf/ ljsf;sf nflu gLltut ;xof]u k'ofpg] g]kfn ;/sf/cy{ dGqfno, sfof{Gjog txdf g]kfn
:6s PS;r]~h ln=, s]Gb|Lo lgIf]k ;]jf sDkgL lwtf]kq Joj;foLx?, ;"rLs[t sDkgLx? tyf ;j{;fwf/0f
nufgLstf{x?, lwtf]kq ahf/;Fu ;DalGwt cGo lgsfox? / cfly{s kqsf/x? ;a}nfO{ wGojfb JoQm ub{5' .
lwtf]kq ahf/ ljsf;sf] nflu ;do ;dodf dfu ePsf] ;xof]u k'ofpg] lgsfox?M sfg'g tyf Gofo dGqfno,
g]kfn /fi6 a}+s, aLdf ;ldlt, g]kfn rf68{ PsfpG6]G; ;+:yf tyf g]kfn pBf]u afl0fHo dxf;+3nfO{ w]/} w]/}
wGojfb lbg rfxG5' . o;} u/L af]8{sf] Ifdtf clej[l4, lwtf]kq ahf/ ;'wf/ tyf af]8{sf kbflwsf/L /
sd{rf/Lx?sf] hfgsf/L tyf sfo{ut bIftf clej[l4df ;xof]u k'ofpg] ef/t ;/sf/, ljZj a}+s, Pl;ofnL
ljsf; a}+s, Financial Services Agency; Japan, Securities and Exchange Surveillance Commission;
Japan, US Securities and Exchange Commission, Asia-Pacific Economic Cooperation, Korea Financial
Investment Association, Securities Commission, Malaysia, Organisation for Economic Co-operation
and Development (OECD) tyf Securities and Exchange Board of India nufot cGo ;xof]uL
lgsfox?nfO{ klg wGoafb lbg rfxG5' .

cGTodf, jt{dfg af]8{ ;b:oHo"x?n] af]8{df k'ofpFb} cfpg' ePsf] of]ubfgsf] sb/ ub}{ jxfFx?nfO{ wGojfb lbg
rfxG5' . ;fy} af]8{sf sd{rf/Lx?sf] st{Jo k|ltsf] lgi7f Pj+ lg/Gt/ k|of;sf] nflu wGojfb lbg rfxG5' .
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laqmL, ljt/0f / ljlgdo sfo{nfO{ k|efjsf/L ?kdf Jojl:yt agfO{ lwtf]kq ahf/ / lwtf]kq Joj;fodf ;+nUg
JolQmx?sf] sfd, sf/afxLnfO{ lgoldt tyf Jojl:yt ug{sf] nflu g]kfn ;/sf/af6 lj= ;+= @)%) h]i7 @% ut]
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ahf/nfO{ lgoldt tyf Jojl:yt u/L nufgLstf{x?sf] xslxt ;+/If0f ug]{ af]8{sf] k|d'v p2]Zo /x]sf] 5 .
;DaGwL P]g, @)^# cg';f/ g]kfn lwtf]kq af]8{sf] d'Vo sfd, st{Jo / clwsf/ b]xfo adf]lhd /x]sf
lwtf]kq ;fj{hlgs ?kdf lgisfzg ug{ ;Sg] u/L :yfkgf ePsf] ;+ul7t ;+:yfsf] lwtf]kq btf{ ug]{ .
lwtf]kq ;fj{hlgs lgisfzgsf nflu tof/ ul/g] ljj/0fkq :jLs[t ug]{ .
lwtf]kq ahf/ ;+rfng ug{ rfxg] ;+ul7t ;+:yfnfO{ lwtf]kq ahf/ ;+rfng ug{ cg'dlt lbg] .
lwtf]kq ahf/sf] sfd sf/afxLsf] lgodg tyf cg'udg ug]{ .
lwtf]kq Joj;fo ;+rfng ug{ rfxg] sDkgL jf ;+:yfnfO{ lwtf]kq Joj;fo ;+rfng ug{ cg'dltkq lbg] .
lwtf]kq Joj;foLsf] sfd sf/afxLsf] lgodg tyf cg'udg ug{] .
;fd"lxs nufgL sf]if ;+rfng ug{ :jLs[lt lbg] .
lwtf]kq ;DaGwL cfjZos lgod, ljlgod tyf lgb]{lzsfx? agfpg] .
lwtf]kq ljlgdo ahf/, lwtf]kq Joj;foL, lwtf]kq sf/f]af/ tyf ;du| lwtf]kq ahf/sf] ;'k/Lj]If0f tyf
cg'udg ug]{ .
lgodg Joj:yfsf] kfngf gug]{ ;+:yfx?nfO{ P]g, lgod cg';f/ sf/fjfxL cufl8 a9fpg] .
lwtf]kq ahf/ ;DaGwdf cWoog, cg';Gwfg u/L lgb]{zg ug]{ tyf r]tgf clej[l4d"ns sfo{qmd ;~rfng
ug]{ .
lwtf]kq ahf/;Fu ;DalGwt ljifodf gLlt tyf sfo{qmd th'{df ug{ g]kfn ;/sf/nfO{ cfjZos k/fdz{
lbg] .
;~rfns af]8M{
lwtf]kq ;DaGwL P]g, @)^# sf] bkmf # df /x]sf] Joj:yf adf]lhd af]8{df lgDg cg';f/sf lgsfoxsf] k|ltlglwTj
/x]sf] & ;b:oLo af]8{ /xg] u/]sf] 5 . af]8{df k"0f{sfnLg sfo{ ug{] u/L g]kfn ;/sf/f/f lgo'Qm cWoIf x'g'sf ;fy}
g]kfn ;/sf/, cy{ dGqfnosf ;x;lrj, g]kfn ;/sf/, sfg'g, Gofo, ;+ljwfg;ef tyf ;+;bLo Joj:yf
dGqfnosf ;x;lrj, g]kfn /fi6 a}+ssf k|ltlglw, g]kfn pBf]u jfl0fHo dxf;+3sf k|ltlglw / g]kfn rf6{8{
PsfpG6]G6\; ;+:yfsf k|ltlgwL tyf lwtf]kq ahf/ Joj:yfkg, kF'hL ahf/ ljsf;, ljQLo jf cfly{s If]q;Fu
;DalGwt lj1x dWo]af6 g]kfn ;/sf/n] dgf]lgt u/]sf] JolQm ;b:o /xg] Joj:yf /x]sf] 5 . o; cfly{s jif{
@)^(&) df @# k6s ;+rfns af]8{sf] a}7s a;L k"FhLahf/;Fu ;DalGwt gLlt lgdf{0f ;DaGwL lg0f{ox? u/]sf]
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;+u7gfTds 9fFrf /x]sf] 5 . pQm ;+u7g ;+/rgfdf & ljefu / !^ zfvfx /x]sf 5g\ . pQm ;+u7g ;+/rgfnfO{
b]xfo cg';f/ /x]sf] 5 .
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k|rng af]8{df /x]sf] 5 . af]8{df xfn @( hgf sd{rf/Lx? sfo{/t 5g\ .
k"FhLahf/sf bfo/f lbg k|lt lbg a9\b} uO{/x]sf] kl/k|]Ifdf lwtf]kq ahf/, ;"lrs[t sDkgL, lwtf]kqsf] s]GLo lgIf]k
sDkgL, lgIf]k ;b:o, ;fd"lxs nufgL sf]if, qm]l86 /]l6 ;+:yf, lwtf]kq bnfn tyf dr]{06 a}+s/x? u/L em08}
#)) eGbf a9L sDkgLx?sf] lgodg tyf ;'k]l/j]If0f ug'{kg]{ lhDd]jf/L k'/f ub}{ cfO/x]sf] 5 . cfkm\gf]
lhDd]jf/LnfO{ k|efjsf/L ?kdf ;DkGg u/fpgsf] nflu af]8{n] cfkm\gf] ;+:yfut Ifdtfdf ;dofg's'n clej[l4 ug'{
kg]{ s'/fnfO{ dWogh/ ub}{ ljBdfg ;+u7g 9fFrfdf k'g/fjnf]sg u/L cfjZos hgzlQm klxrfg ug{ af]8{sf] gofF
;+u7g 9fFrf ;DaGwL cWoog k'/f u/L sfof{Gjogdf Nofpg cfjZos tof/L u/L/x]sf] 5 .
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af]8{sf] sfd sf/jfxLxnfO{ k|efjsf/L ?kdf ;Dkfbg ug{ tyf cfjZos ;xof]usf nflu af]8{df ljleGg
;ldltx sfo{/t /x]sf 5g\ . pQm ;ldltx? b]xfocg';f/ /x]sf 5g\ .
sfg'g tyf k|jnLs/0f ;ldltM
af]8{n] tof/ ug'kg]{ ljleGg lgodfjnL, lgb]{lzsf tyf cGo sfg'gL Joj:yfx?sf] d:of}bf tof/ ug{ tyf af]8{
;dIf k]z ePsf hl6n sfg'gL ljifosf ;DaGwdf cWoog tyf cg';Gwfg u/L k/fdz{ lbgsf] ;fy} lwtf]kq
;DaGwL P]g lgodsf] kfngfnfO{ k|efjsf/L u/fpg] h:tf sfd sf/afxLsf] nflu g]kfn ;/sf/, sfg'g tyf Gofo
dGqfnoaf6 k|ltlglw ug'{ x'g] af]8{ ;b:osf] ;+of]hsTjdf sfg'g tyf k|jnLs/0f ;ldlt (Legal and
Enforcement Committee) u7g ul/Psf] 5 . ut cfly{s jif{df sfg'g tyf k|jnLs/0f ;ldltn] lgDg sfo{x?
u/]sf] 5 .
s_ ;DklQ ;'l4s/0f lgjf/0f lgb]{lzsf, @)^( sf] d:of}bf tof/ u/]sf],
v_ lwtf]kq ahf/ tyf l;l8P; ;DaGwL ljlgodfjnL cWoog u/L ;'emfj k]z u/]sf],
u_ g]kfn lwtf]kq af]8{ sd{rf/L ;]jf zt{ lgodfjnL, @)^( ;+zf]wgsf nflu ;'emfj k]z u/]sf],
3_ lwtf]kqsf] s]Gb|Lo lgIf]k ;]jf ;+rfng ;DaGwL tyf af]8{ lj?4 k/]sf] d'2fsf] lsgf/f nufpb}+ ljleGg
u'gf;f] ;dfwfg u/]sf] 5 .
ljQLo k|zf;g tyf ;"rgf ljZn]if0f ;ldltM
af]8{sf] jflif{s sfo{qmd tyf ah]6 tof/ u/L clGtd ?k lbg, jflif{s ah]6 tyf vr{sf] cfjlws ?kdf
k"g/fjnf]sg ug{ tyf n]vfkl/Ifsaf6 k|fKt n]vfkl/If0f k|ltj]bg cWoog u/L ;f] ;DaGwL k|To"Q/ d:of}bfnfO{
clGtd ?k lbg'sf ;fy} cGo ljQLo ;"rgf ljZn]if0f / ljQLo k|zf;g ;DaGwL cGo sfo{x? ;DkGg ug{] p2]:on]
ljQLo k|zf;g tyf ;"rgf ljZn]if0f ;ldlt sfo{/t 5 . pQm ;ldltdf g]kfn rf6{8 PsfpF6]06;\ ;+:yfaf6 af]8{df
k|ltlglw ug'{x'g] af]8{ ;b:o ;+of]hs /xL af]8{sf] Joj:yfkg ljefu tyf ljQLo ;"rgf ljZn]if0f ljefusf k|d"v /
af]8{sf] ljQ zfvf x]g]{ zfvf k|d"v ;b:o ;lrj /x]sf 5g\ . ut cfly{s jif{df of] ;ldltn] lgDg sfo{x? u/]sf]
lyof] .
s_ af]8{sf] jflif{s sfo{qmd tyf ah]6sf] d:of}bf tof/ u/]sf],
v_ n]vfk/LIfsaf6 k|fKt k|ltj]bgsf] cWoog u/L k|To'Q/ tof/ u/]sf],
u_ af]8{sf] nufgL of]Uo /sdnfO{ ljleGg a}+sdf /fVgsf nflu l;kmfl/z u/]sf] .
af]8{sf] ljQLo ;|f]t
af]8{sf] cfly{s ;|f]tx?df lwtf]kq btf{, ljj/0fkq, ckm/ 8s'd]G6 tyf xsk|b ;]o/ lgisfzg ;DaGwL ljj/0fxsf]
k|zf]wg z'Ns, lwtf]kq sf/f]af/ z'Ns, lwtf]kq ahf/ tyf lwtf]kq Joj;foL cg'dltkq tyf gjLs/0f z'Ns,
lwtf]kq Joj;fo z'Ns, lgj]bg b:t'/, ;fd"lxs nufgL sf]if tyf s]Gb|Lo lgIf]k sDkgL cg'dlt tyf gjLs/0faf6
k|fKt x'g] cfDbfgL cflb /x]sf 5g\ . af]8{sf] n]vf k|0ffnLnfO{ r':t b'?:t agfpg k"0f{?kdf sDo'6/Ls[t ul/Psf] .
cfly{s jif{ @)^(&) df af]8{sf] s'n cfo ?= * s/f]8 $^ nfv @* xhf/ lyof] eg] s'n Joo ?= $ s/f]8 !&
nfv #* xhf/ $ ;o !( /x]sf] lyof] . cfly{s jif{ @)^*.^( df s'n cfo ?= $ s/f]8 %% nfv *) xhf/
;ft;o lyof] eg] Joo ?= # s/f]8 (( nfv $% xhf/ @!^ /x]sf lyof] . cf=j= @)^*.^( sf] t'ngfdf ahf/df
3
g]kfn lwtf]kq af]8{
;fj{hlgs lgisfzg ug]{ ;+ul7t ;+:yfx?sf] ;+Vof a[l4 tyf bf];|f] ahf/ sf/f]af/df ePsf] j[l4n] artdf j[l4
ePsf] xf] . af]8{sf] cfly{s jif{ @)^(.&) sf] cfoJoo ljj/0f, jf;nft tyf gub k|jfx ljj/0f cg';"rL! df
k|:t't ul/Psf] 5 .
cGt{/fli6o ;DaGw
g]kfn lwtf]kq af]8{n] lwtf]kq ahf/;Fu ;DalGwt ljleGg cGt/fli6o ;+3 ;:yfx?;Fu lg/Gt/ ;DaGw /fvL sfo{
ub{} cfPsf] 5 . lwtf]kq nufgLstf{sf] lzIff tyf ;r]tgf ;DaGwdf cfjZos 1fg tyf ;"rgfx cfbfg k|bfg
ug]{ / nufgLstf{sf] lzIff tyf ;r]tgf ;DaGwdf ;xof]u / ;dGjo ug]{ p2]Zon] ;g @)!) df :yflkt Asia
Forum for Investor Education (AFIE) sf] ;+:yfks ;b:osf] ?kdf e"ldsf lgjf{x u/L af]8{ pQm ;+:yfsf]
;b:o /x]sf] 5 . lwtf]kqsf] s]Gb|Lo lgIf]k k|0ffnL ;+rfngsf nflu cfjZos x'g] Association of National
Numbering Agencies (ANNA) sf] kf6{g/ ;b:otf ;d]t af]8{n] k|fKt u/]sf] 5 . To;}u/L af]8{n] lwtf]kq ahf/
lgodg lgsfoxsf] cGt/f{li6o ;+:yf (International Organization of Securities Commission, IOSCO) sf] klg
;b:otf lng] ;DaGwdf cfjZos sfo{ ul//x]sf] 5 . ;fy} ljZj a}+s, PlzofnL ljsf; a}+s tyf Asia Pacific
Economic Cooperation tyf ljleGg b]zsf lwtf]kqsf] lgodfs lgsfox?n] cfof]hgf ug]{ k"FhLahf/ ;DaGwL
sfo{qmdxdf af]8{sf] ;xeflutf /xb} cfPsf] 5 .
cf=j= @)^(.&) sf] ah]6 jQmJodf k"FhLahf/M
g]kfn ;/sf/af6 k|Zt't cfly{s jif{ @)^(.&) sf] ah]6 aQmJo dfkm{t k"FhLahf/sf ljsf;sf ;DaGwdf
lgDgfg';f/sf gLlt lgod tyf sfo{qmdx? cufl8 ;fl/Psf] lyof] .
k"FhL ahf/df nufgL ug{ ;fd"lxs nufgL sf]ifnfO{ k|f]T;fxg ug]{ .

s]Gb|Lo lgIf]k k|0ffnL ;~rfng ug]{ .
;]o/ sf/f]af/nfO{ c6f]d]zgdf n}hfg] .
a:t'ahf/ sf/f]af/ ;DaGwL sfg'gL Joj:yf ug]{ .
g]kfn lwtf]kq af]8{
@=af]8{sf sfd sf/jfxLxM

lwtf]kq btf{ tyf ljj/0fkq :jLs[ltM
lwtf]kq ;DaGwL P]g, @)^# n] ;+ul7t ;+:yfxn] lgisfzg ug{] lwtf]kqx af]8{df btf{ u/fpg' kg{] Joj:yf
u/]sf] 5 . o; cfly{s jif{df !! jfl0fHo a}+s, !^ ljsf; a}+s, $ ljQ sDkgL, @ aLdf sDkgL / ! hnljB't
sDkgL u/L s'n #$ ;+ul7t ;+:yfxn] ;fwf/0f ;]o/, C0fkq tyf xsk|b ;]o/ u/L s'n ?= !) cj{ ^* s/f]8
%@ nfv d'No a/fj/sf] lwtf]kq btf{ ul/Psf] 5 .
cfly{s jif{ @)^*.^( df af]8{n] $ jfl0fHo a}+s, !$ ljsf; a}+s, & ljQLo ;+:yf u/L hDdf @% ;+ul7t ;+:yfx?n]
;fwf/0f ;]o/, C0fkq tyf xsk|b ;]o/ u/L s'n ?= @ cj{ (% s/f]8 !) nfv d'No a/fj/sf] lwtf]kq btf{
ul/Psf] lyof] .
lwtf]kq lgisfzg /sd-?= s/f]8df_
2000
1682.85
1500
1000
500
1068.52
1082.24
996.82
685.40
167.23
244.33
295.01
229.55
0
2061.62
2062.63
2063.64
2064.65
2065.66
2066.67
2067.68
2068.69
2069.70
cfly{s jif{
s_ ;fj{hlgs lgisfzg cg'dltM

cfly{s jif{ @)^(.&) df af]8{n] # afl0fHo a}+s, !$ ljsf; a}+s, # ljQ sDkgL, ! hnljB't sDkgL, / ! jLdf
sDkgL u/L s'n hDdf @@ ;+ul7t ;+:yfsf] ? # cj{ !* s/f]8 &$ nfv a/fa/sf] lwtf]kq btf{ u/L ;f]sf]
;fj{hlgs lgisfzgsf nflu ljj/0fkq :jLs[t u/]sf] 5 . cfly{s jif{ @)^*.^( df af]8{n] hDdf ?= ! cj{ @(
s/f]8 *% nfv a/fa/sf] lwtf]kq btf{ u/L ljj/0fkq :jLs[t u/]sf] lyof] . cfly{s jif{ @)^(.&) df ;fj{hlgs
lgisfzg cg'dlt k|fKt u/]sf ;+ul7t ;+:yfx?sf] ljj/0f cg';"rL@ df k|:t't ul/Psf] 5 .
v_ C0fkq :jLs[tLM
o; cfly{s jif{df & j6f afl0fHo a}+sx?n] ?= # cj{ %% s/f]8 j/fj/sf] C0fkqsf] ;fj{hlgs lgisfzgsf] nflu
af]8{af6 :jLs[lt kfPsf 5g . cfly{s jif{ @)^*.^( df af]8{n] # jfl0fHo a}+ssf] ?= ! cj{ @) s/f]8 a/fa/sf]
C0fkq lgisfzgsf] nflu :jLs[tL kfPsf lyP . cfly{s jif{ @)^(.&) df C0fkq lgisfzgsf nflu cg'dlt k|fKt
u/]sf ;+ul7t ;+:yfx?sf] ljj/0f cg';"rL# df k|:t't ul/Psf] 5 .
u_ xsk|b ;]o/ btf{M

o; cfly{s jif{df ! jfl0fHo a}+s, @ ljsf; a}+s, ! ljQ sDkgL, ! jLdf sDkgL u/L s"n % sDkgLn] ljBdfg
;]o/wgLx?df laqmL ljt/0fsf nflu hDdf ?= # cj{ (# s/f]8 %@ nfv @) xhf/ d'No j/fj/sf] xsk|b ;]o/
5
g]kfn lwtf]kq af]8{
af]8{df btf{ u/]sf 5g\ . cfly{s jif{ @)^*.^( df & j6f ;"rLs[t ;+ul7t ;+:yfn] ?= $% s/f]8 !^ nfv &^
xhf/ d"No a/fa/sf] xsk|b z]o/ af]8{df btf{ u/]sf lyP . o; cfly{s jif{df xsk|b z]o/ btf{ u/]sf ;+ul7t
;+:yfx?sf] ljj/0f cg';"rL$ df k|:t't ul/Psf] 5 .
3_ ;+:yfks ;]o/ btf{M

cfly{s jif{ @)^(.&) df af]8{df $ jfl0fHo a}+s, !% ljsf; a}+s, # ljQ sDkgL, ! aLdf sDkgL tyf ! hnljB't
sDkgL u/L s'n @% ;+ul7t ;+:yfsf] ?= & cj{ &* nfv !@ xhf/ a/fa/sf] ;+:yfks z]o/ btf{ ul/Psf] 5 .
cfly{s jif{ @)^*.^( df !% ;+ul7t ;+:yfx?sf] s'n ?= @ cj{ &% s/f]8 !% nfv ?k}of a/fa/sf] ;+:yfks
z]o/ btf{ ul/Psf] lyof] . o; cfly{s jif{df af]8{df ;+:yfks z]o/ btf{ u/fpg] ;+:yfx?sf] ljj/0f cg';"rL% df
k|:t't ul/Psf] 5 .
_ af]g; ;]o/ btf{M

o; cfly{s jif{df af]8{n] !) jfl0fHo a}+s, !( ljsf; a}+s, @) kmfOgfG; sDkgL, !$ OG:of]/]G; sDkgL, @
hnljB't, ! xf]6]n, tyf @ Jofkf/ sDkgL u/L ^* j6f ;+ul7t ;+:yfxsf] ?= $ cj{ %( s/f]8 (^ nfv *@
xhf/ ^ ;o !) a/fa/sf] af]g; ;]o/ btf{ u/]sf] 5 . cf= j= @)^*.^( df af]8{df !@ jfl0Ho a}+s, @$ ljQ
sDkgL, !@ ljsf; a}+s, # aLdf sDkgL, ! hnljw't / ! xf]6n u/L hDdf %# ;+ul7t ;+:yfsf] ?= # cj{ &^
s/f]8 ** nfv a/fa/sf] af]g; ;]o/ btf{ ul/Psf] lyof] . o; cfly{s jif{df af]8{df af]g; ;]o/ btf{ u/]sf
;+ul7t ;+:yfx?sf] ljj/0f cg';"rL^ df k|:t't ul/Psf] 5 .
;fj{hlgs lgisfzgsf] cj:yfM

s_ ;fwf/0f ;]o/M
o; cjlwdf ;]o/ btf{ u/fpg] s'n @# j6f ;+ul7t ;+:yfdWo] @! j6f ;+ul7t ;+:yfx?n] ?=$ cj{ @# s/f]8 &@
nfv ^) xhf/ a/fa/sf] $ s/f]8 !! nfv @$ xhf/ ^)) lsQf ;]o/sf] k|fylds lgisfzg u/]sf 5g\ .
;fj{hlgs lgisfzg ug]{ @! dWo] @) j6f ;+ul7t ;+:yfn] ;]o/ laqmL v'nf u/L aGb ;d]t e};s]sf] . ;fj{hlgs
lgisfzg ul/Psf] @! j6f ;+ul7t ;+:yfsf] ;]o/ k"0f{?kdf subscribe ePsf] 5 . ;fj{hlgs lgisfzg u/]sf] @!
dWo] !* j6fsf] ;]o/sf] afF8kmfF6 e};s]sf] 5 . lt dWo] !) ;+ul7t ;+:yfsf] ;]o/ g]kfn :6s PS:r]Gh ln=df
;"rLs[t ;d]t e};s]sf] 5 .
v_ l8j]~r/M
o; cjlwdf l8j]~r/ btf{ u/fpg] s'n & j6f ;+ul7t ;+:yfdWo] ^ j6f ;+ul7t ;+:yfx?n] ?=@ cj{ &% s/f]8
a/fa/sf] @& nfv %) xhf/ lsQf l8j]~r/sf] k|fylds lgisfzg u/L afF8kmfF6 ;d]t ul/;s]sf 5g\ . Pp6f
;"rLs[t ;+ul7t ;+:yfsf] l8j]~r/ k"0f{ ?kdf Subscribe gx'Fb} laqmL aGb u/L afF8kmfF6 u/]sf] 5 .
u_ ;fd"lxs nufgL of]hgfM
o; cjlwdf @ j6f ;+:yfx?n] qmdzM ?=$) s/f]8sf] $ s/f]8 OsfO{ / ?=%) s/f]8sf] % s/f]8 OsfO{ ;fd'lxs
nufgL of]hgf ;fj{hlgs lgisfzg u/]sf 5g\ . b'j} of]hgfx?df ;j{;fwf/0faf6 a9L OsfO{sf] dfu eP cg'?k
lgodfg';f/ z'?sf] lgisfzg OsfO{df @% k|ltztn] yk u/L afF8kmfF6 u/]sf 5g\ . pQm b'j} ;fd'lxs nufgL
of]hgf xfn ;"rLs[t e} bf];|f] ahf/df sf/f]j/ z'? e};s]sf] 5 .
6
g]kfn lwtf]kq af]8{
3_ xsk|b lgisfzgM
o; cjlwdf # j6f ;"rLs[t ;+ul7t ;+:yfx?sf] tLg cj{ &! s/f]8 &@ nfv !& xhf/ $ ;o a/fa/sf] # s/f]8
&! Nffv &@ xhf/ !&$ lsQf ;]o/ lgisfzg e} laqmL aGb ePsf] 5 .
tLdWo] @ j6f xsk|b ;]o/sf] afF8kmfF6 e};s]sf] 5 .
cg'dltkq k|bfg tyf gjLs/0fM

s_ lwtf]kq bnfn Joj;foLx?sf] cg'dltkq gjLs/0fM
lwtf]kq ;DaGwL P]g, @)^# tyf lwtf]kq Joj;foL -lwtf]kq bnfn, lwtf]kq Jofkf/L tyf ahf/ lgdf{tf_
lgodfjnL, @)^$ sf] lgod * df /x]sf] Joj:yf adf]lhd $( lwtf]kq bnfn Joj;foLx?af6 cg'dltkq
gjLs/0fsf nflu lgj]bg k|fKt ePsf]df ;Dk"0f{ lwtf]kq bnfn Joj;foLx?sf] cg'dltkq gjLs/0f ul/Psf] 5 .
cg'dltkq gjLs/0f u/]sf lwtf]kq bnfn Joj;foLxsf] gfdfjnL cg';"rL & df k|:t't ul/Psf] 5 .
v_ lwtf]kq bnfn Joj;fo ug{ cg'dltkq k|bfgM
lwtf]kq ;DaGwL P]g, @)^# tyf lwtf]kq Joj;foL -lwtf]kq bnfn, lwtf]kq Jofkf/L tyf ahf/ lgdf{tf_
lgodfjnL, @)^$ sf] Joj:yf adf]lhd lwtf]kq bnfn Joj;foLsf] cg'dltkqsf] nflu g]kfn :6s PS;r]Ghn]
l;kmfl/; u/]sf] dWo] cg'dlt k|fKt ug{ afFsL sDkgL >L lbAof ;]So"l/6Lh P08 :6s xfp; k|f ln= af6 lgj]bg
k|fKt ePsf]df pQm sDkgLn] lgodfjnLsf] Joj:yf k'/f u/]sf] b]lvPsf]n] pQm sDkgLnfO{ lwtf]kq bnfn Joj;fo
ug{ cg'dlt kq k|bfg ul/Psf] 5 . o;/L of] cfly{s jif{df gofF cg'dlt k|fKt tyf k'/fgf ;d]t u/L lwtf]kq
bnfn Joj;foLx?sf] ;+Vof %) k'u]sf] 5 .
u_ g]kfn :6s PS;r]Gh ln= sf] cg'dltkq gjLs/0fM

lwtf]kq ;DaGwL P]g, @)^# tyf lwtf]kq ahf/ ;+rfng lgodfjnL, @)^$ sf] Joj:yf cg';f/ g]kfn :6s
PS;r]Gh ln= af6 cg'dltkq gjLs/0fsf nflu lgj]bg k|fKt ePsf]df pQm lnld6]8sf] cg'dltkq gjLs/0f
ul/Psf] 5 .
3_ dr]{G6 a}+s/sf] cg'dltkq gjLs/0fM

lwtf]kq ;DaGwL P]g, @)^# tyf lwtf]kq Joj;foL -dr{]G6 a}+s/_ lgodfjnL, @)^$ sf] Joj:yf adf]lhd o;
cfly{s jif{df !$ j6f dr]{G6 a}+s/xsf] cg'dltkq gjLs/0f ul/Psf] 5 . af]8{af6 cg'dltkq k|fKt dr]{G6 a}+s/
;DaGwL ljj/0f cg";'rL* df k|:t't ul/Psf] 5 .
_ dr]{G6 a}+s/sf] cg'dltkq vf/]hLM

dr]{G6 a}+s/sf] sfo{ ug{sf nflu cg'dltkq k|fKt dWo] qmdzM >L c/lgsf] Soflk6n d]g]hd]G6 ln= sDkgL ln=
tyf >L OGe]i6d]G6 dr]G{ 6 a}+s/ ln= n] ;f] Joj;fo gug]{ egL lg0f{o u/L af]8{ ;dIf dr]{G6 a}ls sfo{sf]
cg'dltkq vf/]hLsf nflu lgj]bg k]z u/]sf]n] pQm lwtf]kq Joj;foL -dr{]06 a}+s/_ sf] cg'dltkq vf/]h ul/Psf]
5.
_ ;fd"lxs nufgL sf]if btf{ ;DaGwLM

7
g]kfn lwtf]kq af]8{
af]8{n] o; cfly{s jif{df ;fd"lxs sf]if lgodfjnL, @)^& sf] Joj:yf adf]lhd lwtf]kq ahf/df nufgL a9fpg]
pb]Zon] ;fd"lxs nufgL sf]if h:tf] ;+:yfut nufgLsf] nflu >L nIdL Do'r'cn km08, >L PgPdaL Do'r'cn
km08, >L PgcfO{ljPn Do'r'cn km08 tyf >L Unf]an Do'r'cn km08 u/L hDdf $ j6f sf]if btf{ u/]sf] 5 . o;/L
af]8{df xfn;Dd ^ j6f ;fd"lxs nufgL sf]if btf{ ePsf 5g\ .
;fd"lxs nufgL sf]if lgodfjnL, @)^& cg';f/ ;fd"lxs nufgL sf]ifsf] Joj:yfkg ug{ tyf sf]ifsf] l8kf]lh6/Lsf]
?kdf sfo{ ug{ af]8{n] % j6f sDkgL qmdzM >L l;4fy{ Soflk6n ln=, gljn OGe]i6d]G6 a}+ls ln=, PgPdla
Soflk6n ln= >L nIdL Soflk6n ln= / >L PgcfOljPn Soflk6n ln= nfO{ cg'dlt k|bfg u/]sf] 5 .
;fd"lxs nufgL sf]if lgodfjnL, @)^& cg';f/ sf]ifdf ;xefuLx?sf] lxt ;+/If0f tyf sf]if cGt{ut x'g] sfd
sf/afxLsf] ;'kl/j]If0fsf nflu >L l;4fy{ Do'r'cn km08, gljn Do'r'cn km08, Pg Pd lj Do'r'cn km08 nfO{
sf]if ;'kl/j]Ifs lgo'lQmsf nflu :jLs[tL k|bfg u/]sf] 5 .
;fd"lxs nufgL of]hgf ;DaGwdfM

;fd"lxs nufgL sf]if lgodfjnL, @)^& nfu" eP kZrft af]8{df sf]if btf{ ePsf dWo] @ j6f Do'r'cn km08n]
of]hgf NofO{ k"FhL ;+sng ul/;s]sf 5g . o; ;DaGwL ljj/0f lgDgfg';f/ /x]sf] 5 .
l;4fy{ Do'r'cn km08n] l;4fy{ nufgL j[l4 of]hgf! gfds ?= %) s/f]8 a/fa/sf] %) nfv o'lg6
aGbd'vL ;fd"lxs of]hgf ?= !) sf b/n] lalqm u/L k'+hL ;+sng u/L;s]sf] 5 / ;f] of]hgfsf] ;dofjlw
% jif{sf] 5 .
gljn Do'r'cn km08n] gljn Jofn]G; km08 cGt{ut ?= &% s/f]8 a/fa/sf] &% nfv o'lg6 aGbd'vL
;fd"lxs of]hgf ?= !) sf b/n] lalqm u/L k"FhL ;+sng u/L;s]sf] 5 .
pQm b'j} Do'r'cn km08n] NofPsf of]hgfx? ;"rLs[t e} bf];|f] ahf/df sf/f]jf/ e}/x]sf] 5 .
;fy} PgPdlj Do'r'cn km08n] ?= $% s/f]8 a/fa/sf] PgPdla ;'ne km08! gfds of]hgf ;fj{hlgs
lgisfzgsf nflu Nofpg af]8{df :jLs[ltsf nflu k]z u/]sf] 5 .
gful/s nufgL sf]iff/f ;+rfngdf NofOPsf] v'nfd'vL k|s[ltsf] gful/s Psf+s of]hgf cGt{ut cfly{s
jif{ @)^( >fj0f )! ut] b]lv @)&) cfif9 d;fGt;Dd gful/s Psf+s of]hgfsf] Psf+s ;V+of
$^^%**) lsQf -O{sfO{_ /x]sf] ;f] cg';f/ ? !)) sf b/n] x'g] ?= $^ s/f]8 ^% nfv, ** xhf/ Psf+s
sf]if /x]sf] 5 eg] o; cfly{s jif{sf] cGTodf gful/s Psf+s of]hgfsf] ;xefuL ;+Vof !@$& /x]sf] 5 .
clwsf+z /sd a}+s lgIf]kdf nufgL x'g] / ;]o/ tyf l8j]~r/df Hofb} Go"g /sd nufgL x'g] u/]sf] 5 .
h_ lgIf]k ;b:o btf{M

o; cfly{s jif{df af]8{n] lwtf]kqsf] s]Gb|Lo lgIf]k ;]jf lgodfjnL, @)^& sf] Joj:yf adf]lhd lgIf]k ;b:osf]
?kdf sfd ug{ rfxg] >L Pe/]i6 a}+s ln=, >L PgcfOljPn Soflk6n ln=, >L lqz'n ;]So'l/l6h P08 OGe]i6d]G6
ln=, >L a}+s ckm sf7df08', >L Pg=l;=Pd= dr]{G6 a}+ls ln=, >L Pln6 Soflk6n ln=, >L u|f]df]/ dr]{G6 a}+s/ ln
/ >L l;4fy{ Soflk6n ln u/L yk * j6f sDkgLx?nfO{ lgIf]k ;b:osf] ?kdf btf{ u/L k|df0fkq k|bfg u/]sf] 5 .
o:tf lgIf]k ;b:ox?dfkm{t nufgLstf{x?n] lwtf]kqdf nufgL ug{ l8Dof6 PsfpG6 vf]nL lwtf]kqsf] s]Gb|Lo lgIf]k
k|0ffnLdf cfj4 x'g] cj;/ k|fKt x'G5 . xfn;Dd af]8{af6 lgIf]k ;b:otf kfpg] sDkgLx?sf] ;+Vof !$ k'u]sf] 5 .
em_ q]ml86 /]l6 ;]jf ;+rfngM
8
g]kfn lwtf]kq af]8{
q]ml86 /]l6 lgodfjnL, @)^* sf] Joj:yf adf]lhd >L Oqmf g]kfn ln= nfO{ q]ml86 /]l6 ;]jf ;+rfngsf nflu
cg'dltkq k|bfg ul/Psf]df pQm ;:+yf o; cfly{s jif{df ;~rfngdf cfO{ lgisfzg stf{ ;+ul7t ;+:yfx?sf]
zfv d'Nof+sgsf] sfo{ ul//x]sf] 5 .

sfg'g Joj:yf tyf sfg'gL k|jnLs/0f
sfg'gL Joj:yfM
s_ ;DklQ z'l4s/0f tyf cft+ssf/L lqmofsnfkdf ljQLo nufgL lgjf/0f lgb]{lzsf, @)^( nfu"M
lwtf]kq ;DaGwL Joj;fo ug{ cg'dltkq k|fKt sDkgL jf ;+:yfn] ;DklQ z'l4s/0f -dgL nfp08l/_ lgjf/0f P]g,
@)^$ adf]lhd ufxssf] klxrfg ug]{, z+sf:kb ultljlwsf] klxrfg ug]{, sf/f]af/ ;DaGwL k|ltj]bg k]z ug]{ tyf
hf]lvd Joj:yfkg ug]{ ;d]tsf sfo{nfO{ lgoldt / Jojl:yt ug{ af]8{n] ;DklQ ;'l4s/0f lgjf/0f lgb]{lzsf,
@)^( tof/ u/L nfu" u/]sf] 5 .
v_ lwtf]kq ahf/ ;"rLs/0f ljlgdfjnLM
g]kfn :6s PS;r]~h lnld6]8 af6 lwtf]kq ahf/ ;"lrs/0f ljlgodfjnL :jLs[ltsf nflu k]z ePsf]df pQm
ljlgodfjnL cWoog u/L ;'wf/ ul/g'kg]{ If]qx?sf] klxrfg ;lxtsf] ;'emfj g]kfn :6s PS;r]~hdf k7fO{Psf] .
u_ l;l8P; ;DaGwL ljlgodfjnL :jLs[tM
l;l8P; P08 lSnol/ ln= af6 lwtf]kq sf/f]af/ tyf lx;fj /fkm;fkm ljlgodfjnL, @)^( :jLs[ltsf nflu
af]8{df k]z ePsf]df pQm ljlgodfjnL :jLs[t ul/Psf] . ;fy} l;l8P;af6 pQm sDkgLsf] k|aGwkq tyf
lgodfjnL tyf lwtf]kqsf] s]Gb|Lo lgIf]k ;]jf ljlgodfjnL, @)^* df ;+zf]wgsf nflu k]z ul/Psf]df af]8{af6
;+zf]wgsf nflu :jLs[lt k|bfg ul/Psf] 5 .
3_ ;fd"lxs nufgL sf]if lgb]{lzsf, @)^( nfu'M
;fd'lxs nufgL sf]if ;+rfng Joj:yfnfO{ lgoldt tyf Jojl:yt ug{ lwtf]kq ;DaGwL P]g, @)^# sf] Joj:yf
cg';f/ af]8{n] ;fd"lxs nufgL sf]if lgb{]lzsf, @)^( agfO{ ldlt @)^()$)! b]lv nfu' ul/;s]sf] 5 .
sfg'gL k|jnLs/0f M
s_ af]8{ lj?4 k/]sf] d'2fsf] lsgf/f
o; cfly{s jifdf af]8{nfO{ ljkIfL jgfO{ bfo/ ePsf * j6f d'2f dfldnfdf af]8{sf] tkm{af6 lnlvt hjfkm,
k|ltpQ/ kq tof/ u/L k]z ul/Psf] . pQm qmddf b'O{ d'2fx? ;'gjfO{sf] qmddf vf/]h ePsf] / cGo d'2fx?
cbfntdf larf/flwg cj:yfdf /x]sf] 5 .
v_ u'gf;f] ;dfwfg
o; cfly{s jif{df af]8{df lwtf]kq sf/f]af/, z]o/ lnnfdL ;DaGwL, z]o/ gfdf;/L ;DaGwL, ;fd'lxs nufgL sf]if
;DaGwdf % u'gf;f k|fKt ePsf] / u'gf;f] ;dfwfgsf] nflu cfjZos hfgsf/L dfu u/L tLgj6f u'gf;fx?
;dfwfg ul/Psf] 5 .
g]kfn lwtf]kq af]8{
;'k]l/j]If0f tyf cg'udgM
s_ dr]{G6 a}+s/sf] cg'udg

dr]{G6 a}+s/n] cfly{s jif{ ;dfKt ePsf] # dlxgf leq cfkm"n] u/]sf] lwtf]kq sf/f]af/;lxt gfkmf gf]S;fg lx;fj,
jf;nft tyf gub k|jfx ljj/0f ;lxtsf] jflif{s k|ltj]bg af]8{ ;dIf k]z ug{'kg{] Joj:yf /x]sf]df ( dr]{G6
a}+s/n] tf]lsPsf] ;dodf af]8{df pQm ljj/0f k]z u/]sf 5g .
o; cfly{s jif{df !$ lgisfzg tyf laqmL k|aGwsx? dWo] ( j6fn] dfq lwtf]kq lgisfzg tyf laqmL k|aGw
;DaGwL sfo{ u/]sf 5g\ . tf]lsPsf] ;dodf k]z ug'{kg]{ ljj/0fx? af]8{df k]z gug]{ dr]{G6 a}+s/x?nfO{ ;f]
ljj/0fx? k]z ug{sf nflu kqfrf/ ul/Psf] 5 .
v_ lwtf]kq ahf/sf] ljj/0f k|jfxsf] cg'udgM

lwtf]kq ahf/ ;~rfng lgodfjnL, @)^$ n] lwtf]kq ahf/n] k|To]s cfly{s jif{ ;dfKt ePsf] tLg dlxgfleq
pQm cfly{s jif{sf] n]vfk/LIf0f ePsf] ljQLo ljj/0f / jflif{s k|ltj]bg, k|To]s q}dfl;s cjlw ;dfKt ePsf] #)
lbgleq q}dfl;s k|ltj]bg k]z ug'{kg]{ Joj:yf u/]sf] 5 . pQm Joj:yf cGt{ut g]kfn :6s PS;r]~h ln= af6
cf=j= @)^*.^( sf] jflif{s k|ltj]bg, n]vfk/LIf0f k|ltj]bg / q}dfl;s k|ltj]bgx? af]8{df k|fKt ePsf 5g\ .
u_ lwtf]kq sf/f]af/sf] cg'udgM

lwtf]kq ahf/df x'g] b}lgs sf/f]af/sf] cg'udgsf nflu af]8{n] g]kfn :6s PS;r]Gh ln= ;+u l;wf ;Dks{ :yflkt
u/L ljB'tLo dfWod dfk{mt tTsfn} ;'k/Lj]If0f ug]{ k|0ffnL (Real Time Surveillance) ljsf; u/L sf/f]af/ e}/x]sf]
ljj/0fsf] cWoog u/L z+sf:kb sf/f]af/ gf]6 ug]{ tyf cfjZostf cg'?k ;DalGwt lwtf]kq bnfnnfO{ ljj/0f
:ki6 ug{ nufpg] u/]sf] 5 . pQm k|0ffnL dfk{mt af]8{n] k|To]s lbg lwtf]kq sf/f]af/ ug]{ AolQm tyf ;+:yf nufot
sf/f]af/ ePsf] ;+ul7t ;+:yf, sf/f]af/ d'No / ;]o/ ;+Vof ;DaGwdf lg/Gt/ cg'udg ug]{ ub{5 .
lwtf]kqsf] bf];|f] ahf/ sf/f]af/ cg'udgsf qmddf b}lgs sf/f]af/ ;DaGwL ;+lIfKt k|ltj]bg, ;fKtflxs sf/f]af/sf]
;+lIfKt k|ltj]bg, Ans sf/f]af/ ;DaGwL k|ltj]bg, ;fKtflxs ?kdf lwtf]kq bnfnx?sf] s'n sf/f]af/ /sd ;DaGwL
;+lIfKt ljj/0f, tLg dlxgfeGbf j9L ;do;Dd sf/f]af/ x'g g;s]sf lwtf]kqx?sf] ljj/0f, ;+:yfks ;]o/
sf/f]af/sf] clen]v tof/ ug'{sf ;fy} lgoldt ?kdf cfjZostf cg';f/ dr]{G6 a}+s/x?n] ug]{ sf/f]af/sf] clen]v
tof/ ug]{ u/]sf] 5 .
3_ lwtf]kq bnfn Joj;foLsf] ljj/0f k|jfxsf] cg'udgM

lwtf]kq bnfn Joj;foLsf] jflif{s ljj/0f k|jfxsf] cg'udgM
lwtf]kq bnfnn] cfkm\gf]] lwtf]kq sf/f]af/ nufot gfkmf gf]S;fg lx;fj, jf;nft, gub k|jfx ljj/0f ;lxtsf]
jflif{s k|ltj]bg cfly{s jif{ ;dfKt ePsf] # dlxgf leq af]8{;dIf k]z ug{'kg{] Joj:yf /x]sf]df o; cfly{s jif{df
$* lwtf]kq bnfnx?n] cfly{s jif{ @)^*.^( sf] jflif{s ljj/0f af]8{ ;dIf k]z u/]sf 5g\ . cl3Nnf] cfly{s
jif{df $! lwtf]kq bnfn Joj;foLx?n] To:tf] ljj/0f af]8{ ;dIf k]z u/]sf lyP . lwtf]kq bnfnx?sf] jflif{s
ljj/0f k|jfx ;DaGwL ljj/0f cg';
' "rL( df k|:t't ul/Psf] 5 .
af]8{df k|ltj]bg k]z gug]{ lwtf]kq bnfn Joj;foLx?nfO{ ;f] ljj/0f cljnDa k]z ug{sf nflu cfjZos kqfrf/
ul/Psf] .
10
g]kfn lwtf]kq af]8{
lwtf]kq bnfn Joj;foLx?sf] q}dfl;s ljj/0f k|jfxsf] cg'udg

lwtf]kq Joj;foL -lwtf]kq bnfn, lwtf]kq Jofkf/L tyf ahf/ lgdf{tf_ lgodfjnL, @)^$ df lwtf]kq bnfn
Joj;foLx?n] k|To]s q}dfl;s cjlB ;dfKt ePsf] tL; lbgleq q}dfl;s k|ltj]bg af]8{ ;dIf k]z ug'{kg]{ Joj:yf
/x]sf]df o; cfly{s jif{df $* lwtf]kq bnfn Joj;foLx?n] k|yd q}dfl;s k|ltj]bg, $( bnfn Joj;foLn] bf];|f]
tyf t];|f] q}dfl;s ljj/0f / $^ n] rf}yf] q}dfl;s ljj/0f af]8{ ;dIf k]z u/]sf 5g\ .
cf=j= @)^*.^( df ;f] ljj/0f a'emfpg] lwtf]kq bnfn Joj;foLx?sf] ;+Vof qmdzM @) n] k|yd q}dfl;s
k|ltj]bg, #* bnfn Joj;foLn] bf];|f], $# tyf t];|f] q}dfl;s ljj/0f / $^ n] rf}yf] q}dfl;s ljj/0f af]8{ ;dIf
k]z u/]sf lyP .
;dodf g} ljj/0f ga'emfpg] Joj;foLx?nfO{ ;dod} ljj/0f a'emfpgsf nflu ;r]t u/fpFb} kqfrf/ ul/Psf]df
o; jif{ ljj/0f k|jfx ug]{ lwtf]kq bnfn Joj;foLx?sf] ;+Vof j[l4 ePsf] 5 . o; ;DaGwL ljj/0f cg';"rL!)
df k|:t't ul/Psf] 5 .
lwtf]kq bnfn Joj;foLx?sf] :ynut cg'udgM

af]8{af6 o; cfly{s jif{df lwtf]kq bnfn Joj;foLsf] sfdsf/afxLsf] :ynut lg/LIf0f ul/Psf] lyof] . s'n @%
j6f lwtf]kq bnfn Joj;foLx?sf] :ynut lg/LIf0f ubf{ lwtf]kq bnfn Joj;fxLx?n] lgodfg';f/ /fVg'kg]{ ljj/0f
/fv]g/fv]sf], u|fxssf] kl/ro tyf ljj/0f /fv]g/fv]sf], vl/b cfb]z k|fyldstfsf] cfwf/df sf/f]af/
u/]gu/]sf], af]8{df k]z ug'{ kg]{ ;"rgf, hfgsf/L, sDkgLsf] lx;fa b'?:t /fv] g/fv]sf] / lwtf]kq Joj;foLx?sf]
k"jf{wf/ kof{Kt /x] g/x]sf] ;DaGwL lg/LIf0f u/L pQm kIfx?sf ;'emfj ;lxt k|ltj]bg tof/ u/]sf] 5 . lg/LIf0fsf]
qmddf clwsf+z bnfn Jojf;foLx?n] lgodfg';f/ /fVg'kg]{ ljj/0fx? /fVg] u/]sf] kfOof] .
;f] qmddf /fVg'kg]{ sfuhft tyf ljj/0f g/fVg] lwtf]kq bnfn Joj;foLx?nfO lgod cg'?k ljj/0fx? tyf
sfuhft /fVgsf nflu ;r]t u/fO{Psf] lyof] .
_ ;"rLs[t ;+ul7t ;+:yfx?sf] ;"rgf k|jfxsf] cg'udgM

o; cfly{s jif{df s'n @#) ;"rLs[t ;+ul7t ;+:yfx? dWo] #! ;"rLs[t ;+ul7t ;+:yfn] tf]lsPsf] ;dodf tyf
!)^ ;+ul7t ;+:yfx?n] l9nf] u/L ;f]xL cfly{s jif{sf] aflif{s k|ltj]bg tyf @^ ;"rLs[t ;+ul7t ;+:yfn] ljQLo
ljj/0f af]8{df a'emfPsf 5g\ . o;/L af]8{df ljj/0f a'emfpg] ;"rLs[t ;+ul7t ;+:yfx?sf] ;+:yf !^# /x]sf] 5 .
To;}u/L q}dfl;s ljj/0f k|jfx tkm{ !$@ ;+ul7t ;+:yfx?n] k|yd rf}dfl;s ljj/0f, !^^ ;+ul7t ;+:yfx?n] bf];|f]
rf}dfl;s ljj/0f, !^^ ;+ul7t ;+:yfx?n] t];|f] rf}dfl;s ljj/0f / !%% ;+ul7t ;+:yfx?n] rf}yf] rf}dfl;s
ljj/0f af]8{df a'emfPsf 5g\ .
af]8{n] P]g lgod cg';f/ af]8{df k]z ug'{kg]{ ljj/0fx? k]z ug]{ tyf gug]{ ;a} ;"rLs[t ;+ul7t ;+:yfx?sf]
Company Profile tof/ ug]{ u/]sf] 5 .
lgodfg';f/ ;dodf ljj/0f k]z gug]{ ;"rLs[t ;+:yfx?nfO{] ljj/0f k]z ug{sf nflu ;r]t u/fOPsf] 5 . ;fy}
;dodf g} ljj/0f a'emfpg] ;"rLs[t ;+ul7t ;+:yfx?nfO{ xl/of], l9nf] a'emfpg]nfO{ kx]nf] / ljj/0f ga'emfpg]nfO{
/ftf] ;+s]tn] O+lut u/L ;"rLs[t ;+ul7t ;+:yfx?sf] ljj/0f k|jfx ;DaGwL hfgsf/L af]8{sf] j]a;fO{6df /fVg]
ul/Psf] 5 .
11
g]kfn lwtf]kq af]8{
r_ jflif{s ;fwf/0f ;ef

;"rLs[t ;+ul7t ;+:yfx?n] cfly{s jif{ ;dfKt ePsf] ldltn] ^ dlxgf leq jflif{s ;fwf/0f ;ef u/fpg'kg{]
Joj:yf /x] adf]lhd s'n ;"rLs[t ;+ul7t ;+:yfx? dWo] ^% ;+:yfn] ;dofjwL leq jflif{s ;fwf/0f ;ef u/]sf
5g\ .
o; cfly{s jif{ leq jfl0fHo a}+s ;d"xsf @*, ljsf; a}+s ;d"xsf %!, ljQ sDkgL ;d"xsf $* aLdf sDkgL
;d"xsf !(, xf]6n ;d"xsf #, pTkfbg tyf k|zf]wg sDkgL ;d"xsf (, Jofkf/ ;d"xsf @, cGo ;d"xsf @ u/L
hDdf !^@ ;"rLs[t ;+ul7t ;+:yfx?n] cfly{s jif{ @)^*.^( sf] jflif{s ;fwf/0f ;ef ;DkGg u/]sf 5g\ .
;fwf/0f;ef gu/]sf ;+ul7t ;+:yfx?nfO{ ;dodfg} ;fwf/0f;ef ug{sf nflu ;r]t u/fOPsf] 5 .
r_ lgoldt cg'udg tyf ;'k]l/j]If0fM

k|fylds ahf/tkm{ ;'k]/Lj]If0fM
lwtf]kqsf] ;fj{hlgs lgisfzg sfo{df lgodfjnLdf ePsf] Joj:yfcg';f/ cfj]bg kmf/fd ;+Vof tyf /sd
;+sng, ljj/0f tf]lsPsf] ;doleq k]z ePgePsf], ;+sng s]Gb|af6 k|fKt ljj/0f tyf lgisfzg tyf laqmL
k|aGwsaf6 af]8{df k]z ul/Psf] kl5Nnf] ljj/0fdf km/s ePgePsf], laqmL aGb ePsf] !% lbgleqdf 8fkm\6
;DaGwL ljj/0f af]8{df k]z ePgePsf], ;+slnt /sd laqmL aGb ePkl5 tf]lsPsf] ;doleq tf]lsPsf]
;do;Ddsf nflu g]kfn /fi6 a}+sdf hDdf u/]gu/]sf], lwtf]kq afF8kmf6sf] gd"gf afF8kmf+6 ug'{eGbf tLg
sfo{lbg cl3 af]8{df k]z u/]gu/]sf], lwtf]kqsf] afF8kmf6 tyf lkmtf{ e'QmfgL tf]lsPsf] ;doleq u/]gu/]sf],
;+slnt /sd lgisfzg a}+sdf hDdf u/]sf] ;DaGwL ljj/0f af]8{df k]z ePgePsf], tf]lsPsf] ;doleq ;]o/sf]
;"rLs/0fsf nflu lgj]bg lbP glbPsf] ;DaGwdf lgoldt ?kdf cg'udg ug]{ ul/Psf] 5 .
5_ lwtf]kq tYof+s k|0ffnLM

;"rLs[t sDkgLx?sf] aflif{s k|ltj]bgdf ;dflji6 ljut !& aif{cl3 b]lvsf tYof+sx? tyf /fli6o Pj+ cGt/f{li6o
If]qsf kF"hL ahf/ tyf cy{tGq;Fu ;DalGwt tYof+sx? ;+sng u/L lwtf]kq tYof+s Aoj:yfkg k|0ffnL :yfkgf
ul/Psf]df pQm k|0ffnLdf /x]sf ljj/0fx? lgoldt ?kdf cWofjlBs u/L o; jif{b]lv a]j;fO6dfkm{t ;fj{hlgs
ul/Psf] 5 . o; k|0ffnLaf6 ;"rLs[t ;+ul7t ;+:yfx?sf] ljlQo ljj/0f k|fKt ug{ ;lsg] Joj:yf ul/Psf] 5 .
5_ nufgLstf{ tflnd tyf k|lzIf0f sfo{qmdx?M

k'FhLahf/sf] ljsf; / nufgLstf{x?sf] lxt ;+/If0f ug]{ clek|fon] af]8{n] /fhwfgL aflx/sf nufgLstf{, pBf]u
Joj;foL nufot ;DalGwt ;a}nfO{ ;du| k"FhLahf/sf] ;DaGwdf 1fg Pj+ hfgsf/L k|bfg ug]{ p2]Zosf ;fy laut
aif{x?df h:t} u/L g]kfnsf] k"j{ d]rL b]lv klZrd dxfsfnLsf laleGg :yfgx?df k"FhLahf/ ;DaGwL hgr]tgf
clej[l4 tyf nufgLstf{ k|lzIf0f sfo{qmd ;+rfng u/]sf] 5 . o; ;DaGwL ;DkGg d'Vo d'Vo sfo{qmdx? b]xfo
cg';f/ 5g .
af]8{n] :yfgLo pBf]u jfl0fHo ;+3x?sf] ;+o'Qm cfof]hgfdf qmdzM ldlt @)^(.!).@* df lrtjgsf]
gf/fo0fu9df, ldlt @)^(.!!.)! df x]6f}+8fdf ,ldlt @)^(.!!.!# df l;Gw'kfNrf]ssf] afx|la;]df, ldlt
@)^(.!!.!% df bf]nvfsf] rl/sf]6df, ldlt @)^(.!!.!* df /fd]5fksf] dGynLdf, ldlt @)^(.!@.)( df
nDh'sf] a]l;;x/df, ldlt @)^(.!@.)( df tgx'Fsf] bdf}nLdf, ldlt @)^(.!@.#) df wflbsf] wflb
a];Ldf ldlt @)&).)!.!# df pbok'/sf] ufO{3f6df, ldlt @)&).)!.!% df kFfry/sf] lkmlbddf, ldlt
12
g]kfn lwtf]kq af]8{
@)&).)!.!& df tfKn]h'sf] km'lndf, ldlt @)&).)!.@) df O{nfdsf] O{nfd ahf/df, ldlt @)&).)@.#)
ut] 8f]6Lsf] lbkfondf, ldlt @)&).)@.#! df c5fdsf] d+un;]gdf, ldlt @)&).)#.)# ut] a}t8Lsf]
uf]7fnf]kfgLdf, ldlt @)&).)#.)# df 88]nw'/fsf] cd/ul8df tyf ldlt @)&).)#.)& df s}nfnLsf]
l6sfk'/df u/L b]zsf ljleGg !* :yfgdf nufgLstf{ k|lzIf0f sfo{qmd ;~rfng u/L s/La @%)) hgf
:yfgLo pBf]uL, Joj;foL, k|fWofks, sfg'g Joj;foL tyf ljBfyL{x?nfO{ k"FhLahf/sf ljljw kIfx?sf]
af/]df k|lzIf0f lbPsf] lyof] .
af]8{n] o:tf] sfo{qmdx?df ;|f]t JolQmsf] ?kdf af]8{sf sd{rf/Lsf ;fy} g]kfn :6s PS;r]~h, lwtf]kq
Joj;foLx?nfO{ ;d]t kl/rfng ug]{ u/]sf] 5 .
k"FhLahf/df ;r]t nufgLstf{ a9fpg b]zJofkL?kdf nufgLstf{ k|lZfIf0f tyf hgr]tgf clea[l4 u/fpg]
sfo{nfO{ cfufdL cfly{s jif{x?df cem k|efjsf/L?kdf ;~rfng ug]{ nIo /fv]sf] 5 .
h_ tflnd tyf ;]ldgf/df ;xeflutfM

g]kfn lwtf]kq af]8{n] sd{rf/Lx?sf] ;Lk tyf sfo{ut bIftf clea[l4sf nflu k'FhLahf/ ;DaGwL ljleGg tflnd,
;]dLgf/ tyf cGo sfo{qmdx?df ;xefuL u/fpFb} cfPsf] 5 . o; cfly{s jif{df ANNA General Meeting,
Vietnam, 2012, Cross Boarder Supervision and Enforcement, Thailand, 2013, Banking Sector
Reform and Divestment, South Korea, 2013, 2013 International Institute for Securities Market
Development Program, USA, 2013, South Asian Regulators and Exchanges Coordination Meeting,
India, 2013, International Institute for Complaince and Examination of Market Participants, USA,
2013, Market Surveillance of Derivatives Market, Malaysia, 2013, Emerging Market Programme
(EMP), Malaysia, 2012, Financial Literacy and Education Program, 2012 India, 2013 Annual
General Meeting of AFIE India, 2012, Observation Visit of Stock Exchange, Thailand & Vietnam,
2013 h:tf tflnd tyf ;]ldgf/df af]8{sf sd{rf/Lx?nfO{ ;xefuL u/fO{Psf] lyof] .
o;} u/L o; cfly{s jif{df Seventh NRN Conference, Australia, 2012, Seventh IFRS Regional
POLICY fourm, Hongkong, 2013, "2013 IFIE-IOSCO Global Education Conference", Canada,
2013, Regulation and Supervision of Derivatives Market, Sri Lanka, 2013, SROCC Mid-Year
Meeting and Sixth Annual Training Seminar, Canada, 2014, 15th Tokyo Seminar of Securities
Market Regulations, 2013 h:tf ;]ldgf/ tyf sfo{qmdx?df af]8{sf cWoIf tyf ;b:ox?sf] ;xeflutf /x]sf]
lyof] .
em_ af]8{sf] k|sfzgx? tyf ;"rgf k|jfxM

jflif{s k|ltj]bg
lwtf]kq ;DaGwL P]g, @)^# sf] bkmf @^ n] u/]sf] Joj:yf cg';f/ lwtf]kq ahf/df ePsf sfdsf/jfxL, ultljlw
/ ahf/ ljsf;sf nflu ePsf k|of;x? ;dfj]z u/L af]8{n] cfly{s jif{ @)^*.^( sf] jflif{s k|ltj]bg -g]kfnL
tyf c+u|]hL ;+:s/0f_ k|sfzg u/L ljt/0f u/]sf] 5 .
;]jf]g Go"hn]6/
o; cfly{s jif{df lwtf]kq ahf/sf ljleGg ultljlwx?nfO{ ;d]6]/ k|sfzg ug{ yflnPsf] ;]af]g Go"hn]6/sf] c+s ^
/ c+s & -g]kfnL ;+:s/0f_ k|sfzg tyf ljt/0f ePsf] 5 .
13
g]kfn lwtf]kq af]8{
;r]tgfd"ns ;fdfu|Lx?
lwtf]kqdf nufgL ubf{ cjnDag ug'{kg]{ ;hutf ;DaGwdf nufgLstf{x?sf] hfgsf/Lsf] :t/ clea[l4 ug{] p2]Zon]
af]8{n] nufgLstf{x?n] hfGg'kg]{ s'/fx? tyf lwtf]kqdf nufgL ug'{ cl3 Wofg lbg'kg]{ s'/fx? ljifo zLif{sdf
k'l:tsf k|sfzg tyf ljt/0f u/]sf] 5 . o;} u/L lwtf]kqsf nufgLstf{x?n] lwtf]kqdf nufgL ubf{ Wofg lbg'kg]{
s'/fx? ;DaGwdf af]8{n] kDkn]6 k|sfzg tyf ljt/0f u/]sf] 5 . ;fy} lwtf]kqsf nufgLstf{x?nfO{ lwtf]kqdf
nufgL ubf{ Wofg k'ofpg'kg]{ s'/fx?sf ;DaGwdf ;r]t u/fpg af]8{n] ljleGg /fli6o kqklqsf, 6]lnlehg
nufotsf ;+rf/dfWodx? dfkm{t ;r]tgfd"ns ;fdfu|Lx? k|sfzg tyf k|zf/0f u/]sf] 5 .
lwtf]kq sfg'g ;+u|x

lwtf]kq ;DaGwL P]g, lgodfjnL tyf lgb{]lzsfx? ;dfj]z u/L lwtf]kq ;DaGwL sfg'g ;+u|x, @)&) k|sflzt
ul/Psf] 5 .
j]a;fO6M
lwtf]kq ahf/sf ljljw kIfx? ;DaGwdf ;Dj4 kIfx?nfO{ lg/Gt/ ?kdf hfgsf/L pknAw u/fpg] p2]Zon]
lwtf]kq ahf/;Fu ;DalGwt P]g, lgod tyf lgb]{lzsfx?, g]kfn lwtf]kq af]8{sf] kl/ro, af]8{sf] jflif{s k|ltj]bg,
q}dfl;s ;]jf]g Go"hn]6/ / af]8{df u'gf;f] lbg] 9fFrfsf ;fy} nufgLstf{sf nflu hfgsf/L tyf r]tgfd"ns
;fdfu|Lx? ;dfj]z u/L af]8{n] cfkm\gf] j]j ;fO6 tof/ u/]sf] 5 .
af]8{sf] j]e;fO6 dfkm{t lwtf]kq ahf/, lwtf]kq Aoj;foL tyf ;"rLs[t ;+ul7t ;+:yfx?sf] P]g lgodsf] kfngfsf]
l:ylt ;DaGwL ljj/0f ;fj{hlgs u/]sf] 5 . af]8{sf] j]e ;fO6nfO{ cem k|efjsf/L agfpg lgoldt ?kdf
cBfjlws ug'{sf ;fy} b}lgs ;"rgf k|ljlw ;DaGwL ;d:ofx?sf] ;dfwfg ug{] tkm{ ljz]if Wofg lbO{ o;df
j9LeGbf j9L ;"rgf tyf hfgsf/Lx? ;dfj]z ug]{ u/]sf] 5 . ;fy}, af]8{n] lwtf]kq ahf/ If]qsf] cGt/f{li6o
cEof; cg'?k af]8{sf gfddf www.sebon.gov.np nfO{ ;~rfngdf NofOPsf] 5 .
`_ cWoog tyf cg';GwfgM

o; cfly{s jif{df af]8{n] afXo lj1 kl/rfng u/L gofF :6s PS;r]~hsf] k|j]z ;DaGwdf cWoog u/]sf] 5 .
sdf]l86Lh 8]l/e]l6e ahf/ lgodg ug]{ ;DaGwdf cWoog u/fO{ ;/f]sf/jfnfx?sf] ;'emfjx? ;d]t ;d]6L k|ltj]bg
tof/ u/L cy{ dGqfnodf k]z ul/Psf] 5 cGo cWoog ljifosf] ;DaGwdf cfjZos ;Gbe{ ;fdu|Lx? ;+sng
ul/Psf] / o;nfO{ cfufdL jif{sf] sfo{If]qdf ;dfj]z u/L sfo{ cufl8 a9fpg] of]hgf /x]sf] 5 . o; cfly{s jif{df
af]8{n] k':tsfno dfkm{t nufgLstf{, ljBfyL{, cg';Gwfgstf{ tyf ljZjljBfnosf cWofksxnfO{ lwtf]kq
ahf/;DjGwL ;+slnt tYof, af]8{sf k|sfzg tyf cGo ljljw ;"rgf tyf hfgsf/Lx? pknAw u/fPsf] 5 . ah]6
jQmAo dfkm{t NofOg] ;/sf/sf] gLlt tyf sfo{qmddf ;dfj]z ug'{kg{] lwtf]kq ahf/ ;DaGwL ljifoj:t' tof/
u/L cy{ dGqfnodf k7fOPsf] 5 .
14
g]kfn lwtf]kq af]8{
#= lwtf]kq bf];|f] ahf/sf] cj:yfM

lwtf]kq ;"lrs/0fM
-s_ ;fwf/0f ;]o/ ;"rLs/0f
o; cfly{s jif{df ;fwf/0f ;]o/ hf/L u/]sf # afl0fHo a}+s, !# ljsf; a}+s, # ljQ sDkgL / ! jLdf sDkgL u/L
@) ;+ul7t ;+:yfsf] ? &# cj{ $^ s/f]8 )* nfv a/fa/sf] a/fj/sf] ;fwf/0f ;]o/ ;"rLs/0f u/fPsf 5g\ .
-v_ xsk|b ;]o/ ;"rLs/0f
o; cfly{s jif{df ^ ljsf; a}+s tyf # ljQ sDkgL u/L ( ;"rLs[t ;+ul7t ;+:yfx?n] ?= @ cj{ *) s/f]8 (*
nfv xhf/ a/fa/sf] xsk|b ;]o/ g]kfn :6s PS;r]Gh ln= df ;"lrs/0f u/fPsf 5g\ .
-u_ C0fkq ;"rLs/0f
o; cfly{s jif{df ;"rLs[t ;+ul7t ;+:yfx? dWo] ^ jfl0fHo a}+sx?n] ?= @# cj{ &@ s/f]8 #^ nfv a/fa/sf]
C0fkqx? g]kfn :6s PS;r]Gh ln= df ;"lrs/0f u/fPsf 5g\ . t/ o; cfly{s jif{df gofF ;/sf/L C0fkqx?
eg] g]kfn :6s PS;r]Gh ln= af6 ;"rLs[t ePg .
3_ af]g; ;]o/ ;"lrs/0f
o; cfly{s jif{df & jfl0fHo a}+s, @! ljsf; a}+s, !( ljQ sDkgL, * OG:of]/]G; sDkgL, @ hnljB't, / ! xf]6n
u/L %* ;"rLs[t ;+ul7t ;+:yfx?n] ?= $@ cj{ #) s/f]8 ## nfv a/fa/sf] af]g; ;]o/ g]kfn :6s
PS;r]~hdf ;"rLs/0f u/fPsf 5g\ .
-_ Do'r'cn km08 ;"lrs/0f
o; cfly{s jif{df af]8{df btf{ ePsf ;fd'lxs nufgL sf]if dWo] cfkm\gf] of]hgf ahf/df NofPsf gljn Do'r'cn
km08 / l;4fy{ Do'r'cn km08 cGt{utsf of]hgfx?sf] ?= ! cj{ @% s/f]8 a/fa/sf b'O{ of]hgfx? g]K;]df
;"rLs/0f ePsf 5g\ .
r_ ;"rLs[t ;+ul7t ;+:yfx?sf] juL{s/0f

lwtf]kq ;"rLs/0f ljlgodfjnL, @)%# df slDtdf # jif{ cufl8 b]lv d'gfkmfdf /x]sf], ;]o/sf] r'Qmf d'No eGbf
lstfjL d'No a9L ePsf], cfly{s jif{ ;dfKt ePsf] ^ dlxgfleq pQm cfly{s jif{sf] sf/f]af/ tyf cfo Joo
ljj/0f :6s PS;r]Ghdf k]z u/]sf], r'Qmf kF'hL slDtdf ?=@ s/f]8 ePsf], ;fwf/0f ;]o/jfnfx?sf] ;+Vof slDtdf
!))) ePsf] / g]kfn :6s PS;r]Gh ln= sf] ;"rLs/0f ljlgodfjnLdf tf]lsP cg';f/sf] dfqfdf ;j{;fwf/0fnfO{
;]o/ laqmL u/]sf] ;"rLs[t ;+ul7t ;+:yfnfO{ s ju{df / cGonfO{ v ju{df juL{s/0f ug]{ Joj:yf /x]sf] 5 .
ljlgodfjnLsf] Joj:yf cg';f/ o; cfly{s jif{df g]kfn :6s PS:r]Gh ln= n] @% jfl0fHo a}+s, $% ljsf; a}+s,
#! ljQ sDkgL, !$ aLdf sDkgL, ! pTkfbg tyf k|zf]wg sDkgL, ! xf]6n / ! cGo ;d"xsf] sDkgL u/L hDdf
!@) j6f ;"rLs[t ;+ul7t ;+:yfx?nfO{ s ju{df juL{s/0f u/]sf] 5 .
15
g]kfn lwtf]kq af]8{
5_ ;"rLs[t ;+ul7t ;+:yfx?sf] ;d'xut ljj/0f

ut jif{df s'n ;"rLs[t ;+ul7t ;+:yfsf] ;+Vof @!^ /x]sf]df o; cfly{s jif{df Ps cfk;df dh{ ePaf6 ^ j6f
sDkgLsf] ;"lrs/0f vf/]h ePsf] / gofF @) j6f sDkgL yk eO{ ;"lrs[t sDkgLsf] ;+Vof @#) sfod ePsf] 5 .
o;/L ;"lrs/0f ePsf sDkgLx?df # jfl0fHo a+}s, !$ ljsf; a+}s, @ ljQ sDkgL / ! ladf sDkgLx? /x]sf 5g\
. ;"lrs[t ;+ul7t ;+:yfx?sf] ;d'xut ljj/0f tflnsf ! df k|:t't ul/Psf] 5 .
tflnsf !
;"rLs[t ;+ul7t ;+:yfx?sf] ;d"xut ljj/0f
qm= ;+=
;d"x
;"rLs[t ;+ul7t ;+:yfsf] ;+Vof
k|ltzt
jfl0fHo a}+s
@*
!@=@@
ljsf; a}+s
*#
#%=#&
ljQ sDkgL
^^
@*=#*
aLdf sDkgL
@!
(=^)
xf]6n
!=&$
pTkfbg tyf k|zf]wg sDkgL
!*
&=*^
&
Jofkf/ sDkgL
!=&$
cGo sDkgL
)=*&
hnljB't
!=&$
@#)
!))=))
hDdf
bf];|f] ahf/
s_ ;"rLs[t lwtf]kqsf] r'Qmf d"NoM

o; cfly{s jif{df ;"rLs[t sDkgLx?sf] r'Qmf d'No ?= ! vj{ @^ cj{ $* s/f]8 ^ nfv /x]sf] 5 . ut cfly{s
jif{sf] r'Qmf d'No ?= ! vj{ !) cj{ ^! s/f]8 /x]sf] lyof] . o; jif{sf] lwtf]kqsf] r'Qmf d"Nodf ut cfly{s jif{sf]
t'ngfdf !#=(& k|ltztn] j[l4 cfPsf] 5 . of] cfly{s jif{df ?= !@ cj{ %$ s/f]8 (% nfv a/fa/sf] ljleGg
z]o/x? g]kfn :6s PS;r]~hdf ;"rLs[t ePsf sf/0f r'Qmf k"FhLdf j[l4 ePsf] xf] .
v_ lwtf]kq sf/f]af/
cfly{s jif{ @)^(.&) df lwtf]kq ahf/sf] sf/f]af/ /sddf pNn]Vo j[l4 ePsf] 5 . ut cfly{s jif{df ?= !) cj{
@* s/f]8 a/fa/sf] lwtf]kq sf/f]af/ ePsf]df o; cfly{s jif{df ?= @@ cj{ % s/f]8 a/fa/sf] lwtf]kq sf/f]af/
ePsf]] 5 . o;/L o; cfly{s jif{df lwtf]kqsf] sf/f]af/ /sddf ut jif{sf] t'ngfdf !!$=^# k|ltztn] j[l4 cfPsf]
5 . o;n] nufgLstf{x?df ahf/ k|ltsf] wf/0ff ;sf/fTds /x]sf] klg ;+s]t ub{5 .
16
g]kfn lwtf]kq af]8{
lwtf]kq sf/f]af/-?= bznfvdf_
25000
22821
21681
22048
20000
15000
11851
8360
10000
5000
4508
10279
6665
3451
0
2061/62 2062/63 2063/64 2064/65 2065/66 2066/67 2067/68 2068/69 2069/70
cfly{s jif{
u_ ahf/ k'FhLs/0f
cfly{s jif{ @)^(.&) df ahf/ k"FhLs/0f ?= %!$ cj{ $( s/f]8 k'u]sf] 5 . ;f] ut cfly{s jif{sf t'ngfdf
#(=& k|ltztn] j[l4 ePsf] xf] . ut cfly{s jif{sf] cGtdf ahf/ k"FhLs/0f ?= #^* cj{ /x]sf] lyof] . o; cfly{s
jif{df ahf/ k"FhLs/0fsf] s'n ufx{:y pTkfbg;Fusf] cg'kft #)=@ k|ltzt /x]sf] 5 pQm cg'kft ut cf=j= df
hDdf @$ k|ltzt /x]sf] lyof] .
ahf/ k"FhLs/0fdf If]qut c+z x]bf{ a}+s tyf ljQLo ;+:yfx?sf]-aLdfsf] ;d]t_ &!=& k|ltzt, cGosf] !&=$
k|ltzt, hnljw'tsf] ^=) k|ltzt, pTkfbg tyf k|zf]wg If]qsf] #=) k|ltzt, xf]6nx?sf] !=& k|ltzt tyf
Jofkfl/s ;+:yfx?sf] )=@ k|ltzt /x]sf] 5 .
;"rLs[t lwtf]kqsf] ahf/ k"FhLs/0f -?= s/f]8df_
ahf/ k"FhLs/0f
60000
37687.13
40000
30000
20000
10000
51449.21
51293.90
50000
18630.13
36624.75
32348.43
36826.21
6136.59
9681.37
2061.62 2062.63 2063.64 2064.65 2065.66 2066.67 2067.68 2068.69 2069.70
cfly{s jif{
17
g]kfn lwtf]kq af]8{
3_ g]K;] kl/;"rsM
cfly{s jif{ @)^(.&) df lwtf]kq ahf/df pNn]Vo ;'wf/ ePsf] 5 . g]K;] ;"rsf+s jfli{fs ljGb'ut cfwf/df
cl3Nnf] cfly{s jif{sf] t'nfgfdf #@=(( k|ltztn] j[l4 eO{ @)&) c;f/ d;fGtdf %!*=# ljGb'df k'u]sf] 5 . ;f]
;"rsf+s cl3Nnf] jif{sf] ;f]xL cjlBdf hDdf &=$ k|ltztn] j[l4 eO{ #*(=& ljGb'df /x]sf] lyof] . o; cfly{s
jif{sf] d'No ;"rsf+s -g]K;] kl/;"rs_ k|j[lt rf6{! df k|:t't ul/Psf] 5 .
rf6{ !M g]K;] kl/;"rs -cfly{s jif{ @)^(&)_

546.14
550.00
529.69
g]K;] kl/;"rs
500.00
490.58
514.77
480.85
518.33
496.24
450.00
400.00
350.00
523.41
494.34
420.83
398.28
>fj0f
427.36
efb|
cflZjg
sflQs
d+;L/
kf}if
df3
dxLgf
kmfu'g
r}q
j}zfv
h]i7
cfiff9
b]zsf] cfly{s cj:yf / lwtf]kq ahf/
cfly{s jif{ @)^(.&) df s'n u|fx:y pTkfbg cfwf/e't d"Nodf #=^ k|ltzt /xg] cg'dfg lyof] . o; jif{
g]kfnsf] s'n u|fx:y pTkfbg ?= !& va{ ! ca{ !( s/f]8 k'Ug] cg'dfg 5 . cfly{s jif{ @)^*.^(df of] j[l4b/
cfwf/e't d"Nodf $=% k|ltzt /x]sf] lyof] .
cfly{s jif{ @)^(.&) df k|rlnt d"Nodf s'n /fli6o cfo !)=@ j[l4 eO{ !& va{ * ca{ (( s/f]8 k'Ug] cg'dfg
lyof] . To:t} s'n ufx{:y pTkfbgdf s'n ufx{:y artsf] c+z cl3Nnf] jif{sf] t'ngfdf s]lx sdL cfPsf] b]lvG5
cyf{t s'n ufx{:y pTkfbgdf s'n ufx:y artsf] cz+ (=#$ k|ltzt k'u]sf] 5 . ut jif{df s'n ufx:y art
k|rlnt d"Nodf ?= ! va{ &^ ca{ $^ s/f]8 /x]sf]df o; @)&).&! cfly{s jif{df art ?=! va{ %* ca{ *^
s/f]8 x'g] cg'dfg 5 .
18
g]kfn lwtf]kq af]8{
tflnsf @
g]kfnsf] cfly{s ;"rsf+s -k|rlnt d"Nodf_
-?= s/f]8df_
cfly{s jif{
qm= ;+=
ljj/0f
@)^%.^^
@)^^.^&
@)^&.^*
@)^*.^(* @)^(.&)**
!=
@=
s'n ufx{:Yo pTkfbg
98,827
119,277
137,495
153,600
170,119
s'n /fli6o cfo
100002.1
120189.1
138250.3
155078.5
170899.0
#=
s''n /fli6o art
35446.6
42835.4
51433.1
61401.8
65349.9
$=
s'n u|fx:y{ art
9323.0
13658.9
19892.3
17646.1
15886.5
%=
s'n pkef]u
89,504
105,619
117,603
135,954
154,233
^=
s'n cGt/fli{6o Jofkf/
#%@!^=&
$#%!%=(
$^)%!=$
#$#*)=%
$!!%&=)
s_ ef/t
@)#$$=$
@%&!)=*
#)%@*=^
@@#*^=*
@&)*(=*
v_ cGo d"n's
!$*&@=$
!&*)%=!
!%%@@=*
!!((#=&
!$)^&=@
j:t' tyf ;]jfx?sf] v'b lgof{t
-21,980
-31,990
-32,835
-35,908
-48,405
s_ cfoft
34,254
43,420
45,006
51,295
65,992
v_ lgof{t
12,274
11,430
12,171
15,386
17,588
s'n kF'hL lgdf{0f
31,303
45,649
52,727
53,555
64,291
21,104
26,489
29,273
30,738
35,985
s_ ;/sf/L If]qsf] s'n k'FhL lgdf0f{
4,428
5,367
6,381
7,156
6,795
v_ lghL If]qsf] s'n k'FhL lgdf{0f
16,676
21,122
22,892
23,583
29,190
&
*=
(=
s'n l:y/ kF'hL lgdf{0f
*;+zf]lwt cg'dfg,
** k|f/lDes cg'dfg
! k|yd cf7 dlxgf
;|f]tM cfly{s ;j]{If0f, @)^(.&)
To;}u/L cfly{s jif{ @)^(.&) sf] s'n j}b]lzs Jofkf/ cl3Nnf] cfly{s jif{sf] ;f]xL cjlwsf] t'ngfdf !(=&
k|ltztn] j[l4 eO{ $ va{ !! ca{ %& s/f]8 k'u]sf] 5 . j}b]lzs Jofkf/df lgof{tsf] c+z s]xL 36]/ !!=# k|ltzt /
cfoftsf] c+z **=& k|ltzt /x]sf] 5 . o; cfly{s jif{sf] k|yd cf7 dlxgfdf ef/t tkm{sf] s'n Jofkf/ ?= @ va{
&) ca{ *( s/f]8 /x]sf] 5 eg] cGo b]z tkm{ ?= ! va{ $) ca{ ^& s/f]8 /x]sf] 5 . s'n j}b]lzs Jofkf/df
ef/ttkm{sf] c+z dfq} ^%=* k|ltzt /x]sf] 5 . o; cjlwdf Jofkf/ 3f6f @#=$ k|ltzt 5 .
cfly{s jif{ @)^(.&) df k|rlnt d"Nodf s'n k"FhL lgdf0f{df @!=@ k|ltztn] j[l4 eO{ ?= ^ va{ $@ ca{ (! s/f]8
k'Ug] cg'dfg 5 . o;}u/L ;ldIff cfly{s jif{df s'n l:y/ k"FhL lgdf0f{ # va{ %( ca{ *% s/f]8 k'Ug] cg'dfg 5 .
o; cfly{s jif{df s'n l:y/ k"FhL lgdf{0fdf lghL If]qsf] of]ubfg *!=! k|ltzt / ;/sf/L If]qsf] of]ubfg !*=(
k|ltzt /x]sf] 5 . ljut kfFr cfly{s jif{sf] g]kfnsf] s]xL d'Vo cfly{s ;"rsf+s dfly tflnsf @ df k|:t't
ul/Psf] 5 .
19
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27
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28
g]kfn lwtf]kq af]8{
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30
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km\ofS;M )(&&!%%$!)%*
O{d]nM support@sebon.gov.np
j]a;fO6M www.sebon.gov.np

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