The Investor's Canon — Nepal EditionRevisions and updates to The Investor's Canon — Nepal Editionhttps://santoshkumaradhikari.com.np/investors-canon/2026-09-07T00:00:00ZCanon build.pyhttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-0-1-credit-cycle.htmlNepal’s Credit Cycle: The Hidden Equity Cycle2026-09-07T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-0-2-nrb-transmission.htmlNRB Policy → Equity Price Transmission: The Central Causal Chain2026-09-07T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-0-3-liquidity-regimes.htmlLiquidity Regimes in Nepal: The Four-Phase Framework2026-09-07T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-01-nrb-monetary-policy.htmlNRB’s Monetary Policy Framework2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-02-credit-policy-impact.htmlCredit Policy and Its Direct Impact on NEPSE2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-03-nrb-policy-transmission.htmlNRB Policy Transmission — From Announcement to Share Price2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-04-external-sector.htmlNepal’s External Sector and NEPSE Implications2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-05-india-economy.htmlHow India’s Economy Affects NEPSE2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-06-global-macro-risk.htmlGlobal Macro and Event-Driven Risk2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-07-nepse-reality.htmlWhat Is NEPSE and Why It Behaves Differently2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-08-regulatory-architecture.htmlRegulatory Architecture of the Nepal Capital Market2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-09-market-participants.htmlMarket Participants in NEPSE2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-10-trading-mechanics.htmlTrading Mechanics in NEPSE2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-11-liquidity-problem.htmlThe Liquidity Problem — NEPSE’s Most Critical Structural Characteristic2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-12-microstructure-failures.htmlMarket Microstructure Failures in NEPSE2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-13-ordinary-shares.htmlOrdinary Shares2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-14-ipos.htmlIPOs and the Primary Market2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-15-rights-issues-fpos.htmlRights Issues and FPOs2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-16-mutual-funds.htmlMutual Funds in Nepal2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-17-debentures-bonds.htmlDebentures and Bonds in Nepal2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-18-what-doesnt-exist.htmlWhat Does Not Yet Exist in Nepal2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-19-governance-landscape.htmlThe Governance Landscape in Nepal2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-20-promoter-behaviour.htmlPromoter Behaviour — The Most Underanalysed Risk in NEPSE2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-21-insider-trading.htmlInsider Trading and Information Asymmetry in Nepal2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-22-conglomerate-crossholdings.htmlConglomerate Cross-Holdings and Promoter Webs in Nepal2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-23-governance-scoring.htmlGovernance Scoring for NEPSE Companies2026-08-29T00:00:00Z2026-08-21T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-24-reading-financial-statements.htmlReading Financial Statements Under Nepal Standards2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-25-balance-sheet.htmlThe Balance Sheet — Deep Reading2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-26-income-statement.htmlThe Income Statement — Deep Reading2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-27-cash-flow-statement.htmlThe Cash Flow Statement — The Truth Teller2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-28-red-flags.htmlRed Flags in Nepali Financial Statements2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-29-banking-accounting.htmlBanking Sector Accounting Logic2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-30-development-bank-finance.htmlDevelopment Bank and Finance Company Accounting2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-31-microfinance-accounting.htmlMicrofinance (MFI) Accounting Logic2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-32-hydropower-accounting.htmlHydropower Project Accounting Logic2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-33-insurance-accounting.htmlInsurance Sector Accounting2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-34-manufacturing-trading-hotel.htmlManufacturing, Trading & Hotel Sector Accounting2026-08-29T00:00:00Z2026-08-22T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-35-capital-gains-tax.htmlCapital Gains Tax in Nepal2026-08-29T00:00:00Z2026-08-23T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-36-dividend-interest-tax.htmlDividend and Interest Taxation2026-08-29T00:00:00Z2026-08-23T00:00:00ZSantosh Kumar Adhikarihttps://santoshkumaradhikari.com.np/investors-canon/chapters/ch-37-rights-bonus-tax.htmlTax Treatment of Rights and Bonus Shares2026-08-29T00:00:00Z2026-08-23T00:00:00ZSantosh Kumar Adhikari