Sunday, November 29, 2020 | ePaper

Bill placed in JS to raise BB governors' age limit to 67 years

  • Print
Business Desk :
The Bangladesh Bank (Amendment) Bill, 2020 has been placed in Parliament to extend the age limit of the governor of the central bank to 67 years.
Planning Minister MA Mannan, in absence of Finance Minister AHM Mustafa Kamal, placed the Bill in the House on Wednesday and it was sent to the respective scrutiny committee for further examination.
Currently, the age limit is 65 years for the Bangladesh Bank governors. According to the Bangladesh Bank Order 1972, no person can remain in the governor post after the age of 65 years.
The initiative has been taken to abolish the provision, related to the age ceiling for the governors of Bangladesh Bank, in the clause-5 of the Article 10 of the Bangladesh Bank Order 1972 for the public interest.

According to the Bill, since the 65-year age ceiling is fixed, it is not possible to consider many qualified candidates for the post of governor, despite having relevant expertise and experiences in the financial sector.

And it is not even possible to reappoint someone who may have been serving in that position, and doing so with distinction, once he or she crossed the age of 65

More News For this Category

Mohammed Monirul Moula, Additional Managing Director of Islami Bank Bangladesh Limited, inaugurating its Cash Recycling Machine Booth at Basundhara Residential Area in the capital recently. Mizanur Rahman, Senior Executive Vice President and Md Mozahidul Islam, Head of Baridhara Branch, among others, were present.

Mohammed Monirul Moula, Additional Managing Director of Islami Bank Bangladesh Limited, inaugurating its Cash Recycling Machine Booth at Basundhara Residential Area in the capital recently. Mizanur Rahman, Senior Executive Vice President and Md Mozahidul Islam, Head of Baridhara Branch, among others, were present.

Prices of rice, oil hike further

Prices of rice, oil hike further

Economic Reporter :The customers in Dhaka have had no respite from price hike as fine quality rice and soybean oil have become costlier.The rice price hikes due to acute crisis

M A Akmall Hossain Azad, Director of Bangladesh International Arbitration Centre (BIAC) and Afsarul Arifeen, Acting Secretary General of DCCI, exchanging documents after signing a Memorandum of Understanding (MoU) at the BIAC secretariat in the city on Thursday. BIAC's CEO Muhammad A. (Rumee) Ali and DCCI President Shams Mahmud, among others, were present.

M A Akmall Hossain Azad, Director of Bangladesh International Arbitration Centre (BIAC) and Afsarul Arifeen, Acting Secretary General of DCCI, exchanging documents after signing a Memorandum of Understanding (MoU) at the BIAC secretariat in the city on Thursday. BIAC's CEO Muhammad A. (Rumee) Ali and DCCI President Shams Mahmud, among others, were present.

Recruitment tests of 7 banks postponed

Economic Reporter :The recruitment tests of seven banks for the post of senior officer have been cancelled due to circumstances caused by the raging pandemic across the country.Bankers' Selection Committee

Access of SME exporters to global markets widening

Access of SME exporters to global markets widening

Economic Reporter :Commerce Minister Tipu Munshi on Saturday said that the country's export volume to Canada will be doubled within the next three years."Our current annual export earnings from Canada

Commerce Ministry Tipu Munshi handing over the 20th ICAB National Award for best presented annual reports to Md Quamrul Islam Chowdhury, Managing Director of Mercantile Bank Limited at a city hotel on Thursday. Commerce Secretary Dr Md Jafar Uddin and the bank's CFO Tapash Chandra Paul, among others, were present.

Commerce Ministry Tipu Munshi handing over the 20th ICAB National Award for best presented annual reports to Md Quamrul Islam Chowdhury, Managing Director of Mercantile Bank Limited at a city hotel on Thursday. Commerce Secretary Dr Md Jafar Uddin and the bank's CFO Tapash Chandra Paul, among others, were present.

India's economic contraction eased as vaccines boost recovery hopes

Reuters, New Delhi :The contraction of the Indian economy eased off in the three months to September amid signs of a pick up in manufacturing, and economists expect a steady

DCCI partners with BIAC for settlement of commercial disputes

Business Desk :The Dhaka Chamber of Commerce and Industry (DCCI) signed a Memorandum of Understanding (MoU) with Bangladesh International Arbitration Centre (BIAC) at the BIAC Secretariat in the capital on

'Texworld USA' begins in NY on Jan 12 with new concept

Business Desk :A three-day international apparel sourcing event 'Texworld USA' will begin on January 12, 2021 with a new concept - 'Pop-up Sourcing Showcase' - in view of COVID-19

IFIC Bank customers to purchase AKASH DTH on installments

Business Desk :The country's only legal direct-to-home service AKASH DTH is now available on installment. Initially, IFIC Bank's `IFIC Shohoj Account' customers can purchase the DTH connection with this