Push to improve financial literacy of women investors
DOT Desk: Experts at a workshop suggested improving the financial literacy of women investors to enhance their participation in the capital market. They said that if women investors come to the market with prior knowledge of the market and safe investment strategies, they can reduce their investment risks. The workshop titled ‘Towards Greater Participation of Women Investors in Bangladesh Capital Market’ was held at the Multipurpose Hall of Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, reports The financial express.
Bangladesh Institute of Capital Market (BICM) organized the workshop attended by around 150 women investors and professionals. “Female investors should be equipped with financial literacy before making investments in the capital market,” said Shaikh Shamsuddin Ahmed, a BSEC commissioner. He also said the securities regulator is working to enhance the level of investment safety in the capital market. The number of women investors is still low compared to the expanding capital market, Mr. Ahmed said.
However, the number of female investors presently is increasing following the upward trend of the market with companies having good fundamentals being listed on the market, he added. Another BSEC commissioner, Dr. Rumana Islam, also laid importance on increasing investment literacy level of female investors. Presently, the number of active BO (beneficiary owner’s) accounts is over 2.06 million. Of the total BO accounts, around 0.51 million accounts belong to women investors as on June 14. 2022.
Khugesta Nur-E-Naharin, managing director at Modern Securities, Tania Sharmin, managing director at CAPM Advisory Ltd., Kamrun Nahar, managing director at NBL Capital and Equity Management, were present at the workshop chaired by the BICM executive president Dr. Mahmuda Akter. but source tax has been increased too. So, an impact may fall on both local and foreign investment whereas AT and AIT can be adjusted.
Agronomist Dr Ali Afzal said there is a flooding of adulterated and formalin foods. The government should ensure safe and organic foods. Otherwise, a talentless national will be formed.
In this year’s budget, the target for total revenue collection through NBR is Tk 3.70 lakh crore. Of this, Tk1.36 crore will come from VAT, which is 37 percent of the total collection.
Officials at the NBR’s VAT department said huge amounts of VAT are evaded at the retail and wholesale levels.
Revenue earning will be increased all retail and wholesale businesses are brought under the machine system, they said.