The government has neither taken any decision on requirement of TIN for maintaining BO account nor it finalised any tax measures for the stock market, says finance minister A M A Muhith.
"We don't want to kill the golden goose … we want to have golden eggs from it," he told parliament on Monday.
He was making a statement on the stock market on section 300 of rules of procedure.
"A section is trying to destabilise the market and I'm waiting to have evidence against them," he said.
"Officials of stock exchanges met me yesterday (Sunday) and I didn't say anything to them, but the coterie disseminated that new tax would be imposed. This is a lie. Nothing has been fixed yet," said the angry minister.
"Last year, we imposed tax at a rate of 3 and five percent and collected about Tk 5 billion and it is a good start," he said.
Muhith said a finance minister cannot utter certain things like what would be the tax rate or to whom it would be imposed.
The market got stabilised on Apr 10 and it continued for three and four days, and it again became destabilised, he said.
"The market got destabilised as the clever unscrupulous coterie started disseminating that TIN would be mandatory for maintaining BO account and new tax would be imposed," he added.
The minister said the government had already instructed further investigation into 14 cases and he hoped that charge sheets can be framed in most of the cases.
The minister said the market now had 1.1 million investors, not 3.1 million.
"This is an achievement that so many people are involved with the market," he said adding, "We'll have the second success when the market will become a true platform to raise capital."
"We want to create a bond and debenture the market so that cautious investors can invest," he said.
The minister lamented that there is no classification of work in the stock exchange.
"Stock exchange owners work as brokers and perform all other function and it does not happen in the good stock exchanges," he said.
"Two years back, I had proposed for demutualisation of stock exchanges and it was rejected, but now DSE and CSE have agreed on that," he said adding, "The government has a timetable for that."
The minister regretted that the behaviour of the market was not proper. "If a share price falls by Tk 1, they started agitating and vandalise. This should not be the behaviour of the market."
The market index was at 2,500 and it went up to 8,000 points, and one can understand it was overpriced, the minister said.
"But when the market started making correction, all started demonstrating," he said.
Lawmaker Suranjit Sengupta on a point of order said nobody would believe that defamation suit could be lodged for any investigation report.
"We don't want to kill the golden goose … we want to have golden eggs from it," he told parliament on Monday.
He was making a statement on the stock market on section 300 of rules of procedure.
"A section is trying to destabilise the market and I'm waiting to have evidence against them," he said.
"Officials of stock exchanges met me yesterday (Sunday) and I didn't say anything to them, but the coterie disseminated that new tax would be imposed. This is a lie. Nothing has been fixed yet," said the angry minister.
"Last year, we imposed tax at a rate of 3 and five percent and collected about Tk 5 billion and it is a good start," he said.
Muhith said a finance minister cannot utter certain things like what would be the tax rate or to whom it would be imposed.
The market got stabilised on Apr 10 and it continued for three and four days, and it again became destabilised, he said.
"The market got destabilised as the clever unscrupulous coterie started disseminating that TIN would be mandatory for maintaining BO account and new tax would be imposed," he added.
The minister said the government had already instructed further investigation into 14 cases and he hoped that charge sheets can be framed in most of the cases.
The minister said the market now had 1.1 million investors, not 3.1 million.
"This is an achievement that so many people are involved with the market," he said adding, "We'll have the second success when the market will become a true platform to raise capital."
"We want to create a bond and debenture the market so that cautious investors can invest," he said.
The minister lamented that there is no classification of work in the stock exchange.
"Stock exchange owners work as brokers and perform all other function and it does not happen in the good stock exchanges," he said.
"Two years back, I had proposed for demutualisation of stock exchanges and it was rejected, but now DSE and CSE have agreed on that," he said adding, "The government has a timetable for that."
The minister regretted that the behaviour of the market was not proper. "If a share price falls by Tk 1, they started agitating and vandalise. This should not be the behaviour of the market."
The market index was at 2,500 and it went up to 8,000 points, and one can understand it was overpriced, the minister said.
"But when the market started making correction, all started demonstrating," he said.
Lawmaker Suranjit Sengupta on a point of order said nobody would believe that defamation suit could be lodged for any investigation report.
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