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Govt earns double revenue from DSE in Mar


Published : 09 Apr 2021 09:37 PM | Updated : 09 Apr 2021 09:37 PM

The government's revenue earnings from the Dhaka Stock Exchange (DSE), the country's main capital market, nearly doubled in March compared to February.

Market analysts said the government has got more revenue from the DSE for increasing transactions in the market.

According to the DSE, a total of Tk 14,880 crore shares were traded in the market in March. Out of this, DSE has given the total revenue of Tk 27.60 crore to the National Board of Revenue (NBR) for two types of taxes, up Tk 11.95 crore or 76 per cent in the last month over the previous month.

The government’s revenue earning was Tk 15.65 crore in February.

Among the two types of taxes, the revenue income from transactions (as per Revenue Act-53-BBB) through trading of shares and units of general investors has been Tk 14.47 crore.

The revenue from the sale of shares of the entrepreneur-director (according to 53M) has been Tk 13.12 crore. Shares worth Tk 14,449 crore were traded on the DSE’s floor in 18 working days in February. Out of this, the government has received tax revenue of Tk 15.65 crore.

Earlier in January, shares worth Tk 33,958.65 crore were traded on the DSE. The government gets revenue of Tk 39.04 crore from DSE.

In 2020, the government received revenue from the DSE Tk 185.03 crore. Despite the closure of capital market for two months in the Corona situation, 206 days of trading took place last year.

The total turnover was Tk 1,34,981 crore shares, which was Tk 21.15 crore more than the previous year.

In 2019, the total transaction on the DSE was Tk 1,13,821.88 crore.

Experts said the government should give assurance to manage short-term financing from banks and long-term financing from the capital market, which will help build strong capital market.

For this, the market regulator will have to ensure good disclosures to ensure efficiency of the market, they added.

They also underscored the need for giving due emphasis on financial reporting and corporate good governance to ensure a sustainable economy.