JS body discusses overall situation of stock market
Published : Monday, 21 January 2013
The Parliamentary Standing Committee on the Ministry of Finance suggested Bangladesh Bank for taking gas-power import, political stability and risk management into consideration in formulating the Monetary Policy, reports BSS.
The committee in its 54th meeting today also suggested Bangladesh Bank's governor, Bangladesh Securities Exchange Commission (BSEC) chairman and Banking Division secretary to work in coordination to bring back confidence of general investors in share markets.
President of the committee AHM Mustafa Kamal chaired the meeting while members Md Ali Ashraf, AKM Maidul Islam, Md Tajul Islam, MA Mannan, Golam Dastagir Gazi and Farida Rahman attended it.
It said that Bangladesh Bank should come out from its traditional practice in formulation of the monetary policy and take different economic activities, including the country's basic requirements, into consideration while framing monetary policy.
The committee discussed the overall situation of the stock market and laid emphasis on implementation of the pledges so far made by the authorities for the small investors in share market.
It recommended taking steps to reduce interest rate of bank loan and set up ATM booths at rural areas to reach banking services to rural people.
It also recommended taking steps for expediting revenue collection, increasing investment in the productive sector and maintaining subsidy support for the agriculture sector.
Bangladesh Bank Governor Dr Atiur Rahman, Banking Division Secretary Dr M Aslam Alam, BSEC chairman and other officials concerned were present at the meeting.