Govt to invite applications from private entrepreneurs for new banks, life insurance companies
Sangsad Bhaban, June 29 (UNB) - Finance Minister AMA Muhtih said in Parliament on Wednesday that the government will invite applications from the private entrepreneurs for new banks and life insurance companies.
He made the disclosure while responding to a cut motion moved by independent lawmaker M Fazlul Azim (Noakhali-6).
Azim in his cut motion said the Finance Minister took the credit proudly when the indexes of the share markets were going up like a rocket. “But when the indexes plunged, at that time the same Finance Minister termed the share market `fatkabazi’ (speculation).”
Alleging that the government totally failed to handle the share market, he said that the “regular illogical intervention” by the government and its agencies are responsible to some extent for the share market debacle.
In reply, Finance Minister AMA Muhith said that the government did not act properly in time to cool the overpricing of shares.
“But now the share market is acting properly and we have already taken effective measurers to stabilize the market,” he said.
He made the disclosure while responding to a cut motion moved by independent lawmaker M Fazlul Azim (Noakhali-6).
Azim in his cut motion said the Finance Minister took the credit proudly when the indexes of the share markets were going up like a rocket. “But when the indexes plunged, at that time the same Finance Minister termed the share market `fatkabazi’ (speculation).”
Alleging that the government totally failed to handle the share market, he said that the “regular illogical intervention” by the government and its agencies are responsible to some extent for the share market debacle.
In reply, Finance Minister AMA Muhith said that the government did not act properly in time to cool the overpricing of shares.
“But now the share market is acting properly and we have already taken effective measurers to stabilize the market,” he said.
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