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Muhith criticized again in parliament for pandering to banks

  • Published at 09:08 pm June 12th, 2018
  • Last updated at 09:10 pm June 12th, 2018
File photo of Finance Minister Abul Maal Abdul Muhith Dhaka Tribune

JaPa MP Shameem Haider Patwary compares looting in banking sector to the historic sack of Delhi by Nadir Shah

Opposition MPs continued their scathing criticism of Finance Minister AMA Muhith in Parliament for his “failure” to restore discipline in the banking sector.

Taking part in the budget discussion, Jatiya Samajtantrik Dal (JSD)'s Nazmul Huq Pradhan said businessmen are looting banks but the finance minister is yet to take any action against them.

"Rather, you're giving tax rebates and subsidies to banks. Take a decision. You can save banks in this way, but you will not save the economy," he said.

Jatiya Party lawmaker Mohammad Noman said that the state is patronizing the banking sector.

"Why will the banks not be made accountable, why banks will be subsidized by the taxes of the mass people, you are rewarding them in lieu of punishing them, and the same thing will happen again," he added.

Another MP of the party, Shameem Haider Patwary said that the corporate tax for the banks has been reduced by 2.5% but there is no proposal for similar incentive for the other parts of the corporate sector that are engaging in good corporate practices.

"You did not reduce the rate for the sector which is doing well, you reduced the rate for the sector where looting is going on, I am saying that the looting in the banking sector has surpassed even the historic sack of Delhi by Nadir Shah," he said.

"By this the revenue collection will be reduced," he predicted.

Patwary termed this budget as the 'bureaucratic budget'.

He also criticized the finance minister for neglecting the Judiciary in the budget speech and said that this will widen the distance between the executive branch of government and the judiciary.

He also mentioned that the government increased the salaries and wages of the public servants at an alarming rate.

"As a result the expenditure of the government has been increased, while the allocation proposed for development has decreased," he added.

Shipping Minister Shahjahan Khan, Mahmud Us Samad Chowdhury, Enamul Huq, Khalid Mahmood Chowdhury, Israfil Alam and Kazi Rosy also took part in the budget discussion.