30 lakh investors neglected in budget

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The concerning people of capital market are thinking that the 30-lakh investors were neglected in the proposed budget for 2014-15 fiscal year.

They said that the matter of getting no incentive for the hampered sectors seems a joke to them which will create a negative effect on the market.

Following the matter, stock market analyst, also Dhaka University Economics Department professor, Abu Ahmed told banglanews, “There were mentioned some facilities in the budget which are too insignificant in overall consideration”.

Bangladesh capital market investors’ organization Sammilita Jatiya Oikka general secretary Ataullah Naeem told banglanews, “The proposed budget could not attract the stock market investors”.

“Special incentives for each sector but capital market were given in the budget. So, the investors, who were hampered during last three years, won’t get anything from the budget”, he added.

Dhaka University Accounting and Information System (AIA) department associate professor Dr Mizanur Rahman told banglanews, “A balance would be seen if the corporate taxes are reduced from listed companies as from the unlisted companies. Then confidence of the investors would return and positive effect would create in the capital market”.

On the other hand, Chittagong Stock Exchange (CSE) chairman Abdul Mazid said that the proposed budget was not fully stock market friendly.

Source: UNBconnect

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