Finally, government officials and employees are getting permission to invest in the stock market.

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Finally, government officials and employees are getting permission to invest in the stock market.

There is a kind of confusion about the investment of government officials and employees in the stock market. Although there is a ban on investing in businesses in the name of government officials and employees or their family members, there is no legal barrier to investing in the stock market. There is no prohibition in this regard in the employment rules.

The government has started the process of allowing government employees to invest in the stock market.

Sources in the Ministry of Public Administration have informed that the Government Servants (Conduct) Rules, 1979 have been amended and sent to the Law Ministry to allow legal investment by government officials and employees in the stock market.

The Law Ministry sent the amendment back to the Public Administration Ministry after scrutiny. As a result, subject to the approval of the authorities, government officials can buy or sell the primary shares or bonds of any company registered in the stock market.

It is learned that for the past six years, the government has been trying to amend the existing Government Servants (Conduct) Rules, 1979, but is now at the final stage of the process.

The initiative to invest government officials and employees in the stock market is being taken at a time when news of corruption of some government officials is appearing in the media. Although government employees are not allowed to invest in the stock market, many government officials-employees have invested in the stock market.

In this regard, the stock market expert Prof. Abu Ahmed said that government officials and employees can invest in the stock market without hindrance. There is no prohibition in law. If anyone tries to spread confusion about it, it should be strongly resisted.

He said that it is a good reason to keep government officials and employees investing in the stock market. Because if not, where will they take their savings? If teachers of government universities or educational institutions can invest, then where are the obstacles in the case of other government officials and employees?

In this regard, a government official said that the law does not prohibit government officials and employees from investing in the stock market. However, the Government Servants (Conduct) Rules, 1979 state that investment cannot be made in the ‘speculation’ market. In this trend, those who do not have investments in the stock market, try to discourage others.

And for those who have investments, if they can invest in a bank’s FDR or savings bonds, then why can’t they invest in the stock market to get dividends? They are reluctant to call the stock market a ‘speculation’ market.

However, the government has taken the initiative to invest the government officials in the stock market, it is definitely a good initiative. For the stock market and for government officials.

 

 

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