General

NBR chief for monitoring sales of savings instruments

DHAKA- Underscoring the need for monitoring the sales of savings certificates, National Board of Revenue (NBR) Chairman Md Nojibor Rahman today said steps are needed to stop a single group or organization from buying more than one types of savings instruments for their benefits.

"Attention will have to be given so that a single group or organization cannot buy more than one types of savings instruments for their benefits," he said speaking at a workshop and view-exchange meeting at National Sports Council (NSC) here.

The NBR chief said savings instruments have been introduced to encourage insolvent individuals to make investments.

Department of National Savings (DNS) organized the workshop and meeting with its Director General Babul Kumar Saha in the chair.

Bangladesh Post Office Director General Sushanta Kumar Mandol and Additional Secretary of Internal Resources Division Sultanul Islam Chowdhury spoke at the programme.

Nojibor Rahman said savings certificates are one of the ways of mobilizing resources from internal sources. As the government mobilizes internal resources through the savings certificates, it also encourages small savers to invest, he added.

He said resource mobilization will have to be increased for achieving the targets of Sustainable Development Goals (SDGs) and if the organizations involved in mobilizing resources work together, it would be possible to achieve the targets.

Source: Bangladesh Sangbad Sangstha (BSS)