Govt should be more focused on black money: Mashiur
Wednesday, 6 June 2012
FE Report
Dr Mashiur Rahman, economic affairs adviser to Prime Minister Sheikh Hasina, Tuesday said the government should be more focused on the source of black money rather than making remarks on whether there would be a provision of making black money white in the forthcoming budget.
"If the governments put more attention to source of the black money…automatically the black money would be lessened in the society," he said while speaking at a discussion meeting on budget organised by an online news agency in the city.
Economist and Director of Janata Bank M R Debnath presented the key-note paper at the discussion while Chief Editor of the news agency Subhash Singha Roy moderated the programme.
Dr. Mashiur Rahman said all the calculations will be foiled until there is a structure for the financial management of the government.
Blaming high inflation in the international market for the domestic inflation, he said, "We should not hold the government alone responsible for the spiralling prices of everything."
The adviser said National Board of Revenue (NBR) must differentiate between black money which is earned through illegal means and undisclosed money which might not be earned through illegal ways.
Criticising those who blame government over electricity production, he said the government has produced significant amounts of electricity in last three and a half years, but it is not seen due to the increasing demand of power.
Chairman of Bangladesh Krishi Bank Khondokar Ibrahim Khaled said difference between the rich and the poor is increasing day by day due to flawed measures taken by the government.
"Sixty per cent wealth is being enjoyed by 5.0 per cent of the population while other 95 per cent only is having 40 per cent wealth which cannot be fair," he said.
Ibrahim Khaled also said Bangladesh made revolution in achieving growth. The country has been achieving growth at around 6.0 per cent over the last 15 years.
Rupali Bank Chairman Ahmed Al Kabir said budget would not be effective if transparency is not ensured in all expenses and earning of the government.
Senior Research Fellow of Centre for Policy Dialogue Khondaker Golam Moazzem said weakness in implementing budget has become an obstacle to achieving national development.
He said if inflation goes up further, it would severely affect the everyday life of the peoples.
MM Akash, professor of economics of Dhaka University, urged all including the Prime Minister and the cabinet members to submit their wealth report.
Chairman of Agrani Bank Khandakar Bazlul Haque said budget is a philosophy. Budget should be prepared with more care, perfection and detailing.
Mentioning that businessmen are majority in Parliament, he said budget would reflect their interests more then that of the common people of the country.
Journalist Ajoy Das Gupta said there must be a watchdog for monitoring whether beneficiaries are getting subsidies.
Dr Mashiur Rahman, economic affairs adviser to Prime Minister Sheikh Hasina, Tuesday said the government should be more focused on the source of black money rather than making remarks on whether there would be a provision of making black money white in the forthcoming budget.
"If the governments put more attention to source of the black money…automatically the black money would be lessened in the society," he said while speaking at a discussion meeting on budget organised by an online news agency in the city.
Economist and Director of Janata Bank M R Debnath presented the key-note paper at the discussion while Chief Editor of the news agency Subhash Singha Roy moderated the programme.
Dr. Mashiur Rahman said all the calculations will be foiled until there is a structure for the financial management of the government.
Blaming high inflation in the international market for the domestic inflation, he said, "We should not hold the government alone responsible for the spiralling prices of everything."
The adviser said National Board of Revenue (NBR) must differentiate between black money which is earned through illegal means and undisclosed money which might not be earned through illegal ways.
Criticising those who blame government over electricity production, he said the government has produced significant amounts of electricity in last three and a half years, but it is not seen due to the increasing demand of power.
Chairman of Bangladesh Krishi Bank Khondokar Ibrahim Khaled said difference between the rich and the poor is increasing day by day due to flawed measures taken by the government.
"Sixty per cent wealth is being enjoyed by 5.0 per cent of the population while other 95 per cent only is having 40 per cent wealth which cannot be fair," he said.
Ibrahim Khaled also said Bangladesh made revolution in achieving growth. The country has been achieving growth at around 6.0 per cent over the last 15 years.
Rupali Bank Chairman Ahmed Al Kabir said budget would not be effective if transparency is not ensured in all expenses and earning of the government.
Senior Research Fellow of Centre for Policy Dialogue Khondaker Golam Moazzem said weakness in implementing budget has become an obstacle to achieving national development.
He said if inflation goes up further, it would severely affect the everyday life of the peoples.
MM Akash, professor of economics of Dhaka University, urged all including the Prime Minister and the cabinet members to submit their wealth report.
Chairman of Agrani Bank Khandakar Bazlul Haque said budget is a philosophy. Budget should be prepared with more care, perfection and detailing.
Mentioning that businessmen are majority in Parliament, he said budget would reflect their interests more then that of the common people of the country.
Journalist Ajoy Das Gupta said there must be a watchdog for monitoring whether beneficiaries are getting subsidies.