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Muhith faces lawmakers’ wrath again in JS

‘Failure’ to restore discipline in banking sector


June 13, 2018 00:00:00


Finance Minister AMA Muhith came under attack of the opposition members of parliament (MPs) again in the Jatiya Sangsad for his 'failure' to restore discipline in the banking sector, reports UNB.

Taking part in the budget discussion, Jatiya Samajtantrik Dal MP Nazmul Huq Pradhan said businessmen are looting banks but the finance minister is not taking any action against them.

"Rather, you're giving tax rebates and subsidies to banks. Take a decision. You can save banks in this way, but you can not save the economy," he said.

Jatiya Party MP Mohammad Noman said the state is patronising the banking sector. "Why will the banks not be made accountable, why banks will be given subsidies by the taxes of the people, you are rewarding them instead of punishing them, and the same thing will happen again," he added.

Jatiya Party MP Shameem Haider Patwary said the corporate tax for the banks has been reduced by 2.5 per cent but there is no proposal for similar incentive for the other parts of the corporate sector that are engaging in good corporate practices.

"You did not reduce the rate for the sector which is doing good, you reduced the rate for the sector where looting is on. I am saying that the looting in the banking sector has surpassed even the historic loot of Delhi by Nadir Shah," he said.

He also said the government increased the salaries and wages of the public servants at an alarming rate. "As a result, the expenditure of the government has been increased while the allocation proposed for development has decreased," he added.


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COMPANY YCP HIGH LOW CLOSE %CHG
PROVATIINS 20.4 22.4 20.0 22.4 9.8039%
BPML 110.3 121.3 110.3 120.1 8.8849%
QUEENSOUTH 46.6 51.0 46.6 50.4 8.1545%
PARAMOUNT 13.9 15.2 14.0 14.9 7.1942%
ACFL 58.4 64.0 59.1 62.6 7.1918%
PEOPLESINS 17.1 18.5 17.1 18.3 7.0175%
BENGALWTL 34.5 37.4 34.6 36.7 6.3768%
IFILISLMF1 7.5 8.0 7.6 7.9 5.3333%
FASFIN 11.4 12.2 11.3 12.0 5.2632%
FAREASTLIF 63.8 67.0 63.5 66.9 4.8589%
COMPANY YCP HIGH LOW CLOSE %CHG
BPML 121.3 121.3 110.3 110.4 9.8732%
PROVATIINS 22.4 22.4 20.0 20.4 9.8039%
DSHGARME 234.7 234.9 220.1 220.1 6.6333%
QUEENSOUTH 50.1 51.0 46.6 47.0 6.5957%
PARAMOUNT 15.0 15.2 14.0 14.1 6.383%
ACFL 62.6 64.0 59.1 59.1 5.9222%
HRTEX 52.5 52.5 48.4 49.8 5.4217%
RUPALIINS 19.8 20.4 18.6 18.8 5.3191%
TAKAFULINS 24.2 24.2 23.0 23.0 5.2174%
UNITEDINS 24.4 25.1 23.1 23.2 5.1724%
COMPANY YCP HIGH LOW CLOSE %CHG
PADMALIFE 27.4 25.1 22.0 22.9 -16.4234%
SAMATALETH 40.0 38.5 36.0 36.0 -10%
DULAMIACOT 20.2 19.9 18.2 18.3 -9.4059%
SHYAMPSUG 27.5 28.4 25.0 25.1 -8.7273%
KDSALTD 99.5 99.4 89.6 91.5 -8.0402%
SEMLIBBLSF 9.2 8.6 8.5 8.5 -7.6087%
ZEALBANGLA 33.5 34.0 30.2 31.1 -7.1642%
PROGRESLIF 67.4 63.0 62.4 62.7 -6.9733%
MEGHNAPET 14.6 15.2 13.2 13.6 -6.8493%
NATLIFEINS 170.2 171.6 159.0 160.5 -5.6992%
COMPANY YCP HIGH LOW CLOSE %CHG
ISNLTD 17.4 19.0 16.6 19.0 -8.4211%
ZEALBANGLA 30.9 34.0 30.2 33.5 -7.7612%
LIBRAINFU 733.3 808.0 730.0 795.0 -7.761%
KDSALTD 91.8 99.4 89.6 99.4 -7.6459%
SHEPHERD 33.4 36.7 33.1 35.9 -6.9638%
PADMALIFE 23.0 25.1 22.0 24.7 -6.8826%
SAMATALETH 36.0 38.5 36.0 38.5 -6.4935%
DHAKAINS 19.5 20.8 19.5 20.8 -6.25%
NATLIFEINS 161.0 171.6 159.0 171.6 -6.1772%
SAIHAMTEX 30.9 33.0 30.9 32.7 -5.5046%