Tuesday, October 16, 2018 | ePaper

MCCI seeks policy reforms in proposed budget

  • Print
Chattogram Bureau :
Hailing the national budget for fiscal year 2018-19, the Metropolitan Chamber of Commerce and Industry (MCCI) urged the government to put concentration on certain policy reforms, simplification of  taxation, ease of doing business, infrastructure as well to materialize the vision.
"Bangladesh's economy is progressing well, but below its true potential," opined MCCI, saying inadequate infrastructure and shortage of power and energy are now major impediments to the actual growth of the economy.
In a post budget reaction, the trade body said: "We applaud the Finance Minister for considering the national development goals and vision objectives while preparing the budget and proposing measures to uphold the country's graduation to a developing country status, boosting economic growth, collect revenue, reduce poverty, provide necessary protection to local industries, and widen the prevailing safety net for freedom fighters and other deserving groups for improving the economic condition of the people."
It said there is no alternative to raising the level of private investment including foreign direct investment (FDI) if Bangladesh is to confirm the status of developing country by 2021. MCCI appreciated the 7.65 per cent growth in GDP against targeted 7.40 per cent in this fiscal year and the target of 7.80 per cent in the upcoming fiscal year.
The chamber appreciates the allocation of Taka 173,000 crore for the annual development programme (ADP) for FY19, which is 16.59 per cent higher than the revised ADP (Taka 148,381 crore). "A higher allocation in the ADP is needed to fulfill our development goals, but MCCI would like to urge the government to take necessary measures to ensure efficient and effective spending of the ADP funds."The proposed investment in human resources development will help improving the quality of people's lives and create better employment opportunities, noted MCCI.
. The Chamber lauded the special allocation for the advancement of women by allocating Taka 100 crore for "Women Entrepreneurship Fund" and Taka 25 crore for "Women Development Special Fund", allocating Taka 100 crore for "Skill Development Fund", allocating Taka 300 crore for managing risks arising out of earthquakes, also allocating Taka 10 crore for NGO Foundation, Taka 250 crore for PKSF, and Taka 10 crore for SME Foundation as these organizations are playing key roles in alleviating poverty.

More News For this Category

A reception was accorded to the meritorious students who achieved Chinese Government Scholarship from  National Institutes  of Technology (NIT) at  its Conference Hall on Saturday.

A reception was accorded to the meritorious students who achieved Chinese Government Scholarship from National Institutes of Technology (NIT) at its Conference Hall on Saturday.

.

Durga Puja begins amid 5-tier security

Chattogram Bureau :Durga Puja, the biggest and sacred festival of the Bangalee Hindus begins yesterday  in the city as elsewhere in the district with the incarnation (Bodhon) of the

Transport strike on Ctg-Cox's Bazar Highway suspended

Chattogram Bureau :A vlew of Bahaddarhat area durlng strlke perlod yesterday.Chattogram Road Transport Owners Association on Sunday night suspended their indefinite strike on Chattogram-Cox's Bazar highway upon assurance from

Elderly journo Yusuf passes away

Chattogram Bureau :Elderly journalist and former President of Chattogram Union of Journalists (CUJ) Mohammad Yusuf died of old age complications at his city's Alkoron residence last  afternoon. He was

Country advancing under leadership of Sheikh Hasina : Engr Mosharraf

Chattogram Bureau :Minister  for Housing  and Public Works Engr Moshraf Hossain said country is rapidly advancing in all respects under the dynamic leadership of Prime Minister Sheikh Hasina .

Minister  for Housing and  Public Works Engr Mosharraf Hossain addressing  election walkway meeting at Raozan Sadar  Upazila in North Chattogram  on Saturday. The Minister attended six such walkway meeting in the upazila as a part of election campaign.

Minister for Housing and Public Works Engr Mosharraf Hossain addressing election walkway meeting at Raozan Sadar Upazila in North Chattogram on Saturday. The Minister attended six such walkway meeting in the upazila as a part of election campaign.

.

ABM Fazle Karim Chowdhury MP addressing a huge gathering at Munshirgata Party office premises at Raozan Sadar following  jubilant procession immediate after the  declaration of verdict on  August 21 grenade attack  on Wednesday.

ABM Fazle Karim Chowdhury MP addressing a huge gathering at Munshirgata Party office premises at Raozan Sadar following jubilant procession immediate after the declaration of verdict on August 21 grenade attack on Wednesday.

.

A  meeting of the newly -elected Executive Committee of Chattogram University of Engineering and Technology Journalist Association  was held at University West Gallery on Wednesday. In the meeting, the committee for 2018-19 was declared with Syed Tahmid Hossain  as President and  Rafat Hossain Diganta as General Secretary. VC of CUET Prof Dr Rafiqul Alam was present as Chief Guest in the programme.

A meeting of the newly -elected Executive Committee of Chattogram University of Engineering and Technology Journalist Association was held at University West Gallery on Wednesday. In the meeting, the committee for 2018-19 was declared with Syed Tahmid Hossain as President and Rafat Hossain Diganta as General Secretary. VC of CUET Prof Dr Rafiqul Alam was present as Chief Guest in the programme.

.

Workers meeting and conference of Awami League, Bandarban  City Unit was held at Bandarban  on Friday.

Workers meeting and conference of Awami League, Bandarban City Unit was held at Bandarban on Friday.

.

Need of homoeo medicines in old injury unlimited: Speakers

Chattogram Bureau :A science seminar on homoeo medicine  was arranged at Old Church office of Bangladesh Homoeopathic Medical Association , Chittagong district unit  recently with its President Dr Mdl.