Undisclosed money will be laundered if it is not allowed
Undisclosed money will be laundered if it is not allowed to invest: FBCCI
Rtv online report
| 15 Jun 2019, 00:00 | Update : 15 Jun 2019, 17:50
Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) president Sheikh Fazle Fahim has termed the proposed budget of 2019-20 fiscal year as people oriented and business friendly.
He said these at a post budget formal press conference held at FBCCI office on Saturday.
Sheikh Fazle Fahim welcomed the opportunity of investing undisclosed or black money in flat, land and industrial sectors without question. In response to a question of a journalist he said, we welcome the opportunity of investing the undisclosed money. Earned money through legal income sometimes may be undisclosed. If that money goes to productive sector than we do not think it as negative. Besides, money laundering will stop if the undisclosed money is invested.
The Finance Minister proposed to take 47 thousand 364 crore taka loan from banking sector for meeting current year’s budget deficit. If that is done than private sector is hampered- mentioning that the FBCCI president requested to lay emphasize on foreign source, infrastructure fund, infrastructure bond and other financial sources by decreasing dependency on banking sector to meet the deficit.
Sheikh Fazle Fahim said, the target of National Board of Revenue’s controlled revenue income is fixed at 3 lakh 25 thousand 600 crore taka, which is 16.28 per cent more than the revised target of the current year. The target of revenue income is possible to attain through harassment free revenue collection management and proper automation, he commented.