Wednesday, August 5, 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

Mamoon Mahmood Shah, Managing Director & CEO (Current Charge) of NRB Bank Limited, cutting cake to celebrate the bank's 7th Anniversary with the slogan 'Marching Towards Success & Sustainability' at its Corporate Head Office in the capital on Tuesday. Md Khurshed Alam, Deputy Managing Director, was also present.

Mamoon Mahmood Shah, Managing Director & CEO (Current Charge) of NRB Bank Limited, cutting cake to celebrate the bank's 7th Anniversary with the slogan 'Marching Towards Success & Sustainability' at its Corporate Head Office in the capital on Tuesday. Md Khurshed Alam, Deputy Managing Director, was also present.

Govt eyes global market for jute goods

Economic Reporter :The government is working to diversify the use of jute and boost its production by taking effective steps to reform the sector eyeing global market, said Textiles and

ADB's COVID-19 response reaches $9.3b in last six months

Economic Reporter :The Asian Development Bank (ADB) committed $9.3 billion in financial resources in the last six months since early February when ADB started its initial response to support its

Export earning notches 0.59pc growth in July

Economic Reporter :The country's export earnings witnessed a 0.59 percent growth in July this year compared to July 2019 despite the impacts of the novel coronavirus (COVID-19) pandemic.According to a

Japan hopes to continue work to develop economic tie with BD

Economic Reporter :The Ambassador of Japan to Bangladesh Ito Naoki hoped to continue work closely for developing economic partnership between Japan and Bangladesh which will encourage more Japanese investment in

Bourses sustain gaining steak

Economic Reporter :Stocks on Tuesday sustained the gaining streak for the eighth consecutive sessions as investors continued their buying binge on selective large-cap issues after unveiling an expansionary monetary policy.DSEX,

Ispahani Group sponsored 10 oxygen Cylinders and N95 masks for the Rangunia Health Complex in Chattogram. Dr Hasan Mahmud, Information Minister, Omar Hannan, General Manager (Marketing) and Shah Moinuddin Hasan, General Manager (Tea Trade) of Ispahani Group, among others, were present.

Ispahani Group sponsored 10 oxygen Cylinders and N95 masks for the Rangunia Health Complex in Chattogram. Dr Hasan Mahmud, Information Minister, Omar Hannan, General Manager (Marketing) and Shah Moinuddin Hasan, General Manager (Tea Trade) of Ispahani Group, among others, were present.

BEZA, Yabang Group ink land lease agreement

BEZA, Yabang Group ink land lease agreement

Economic Reporter :Bangladesh Economic Zones Authority (BEZA) on Tuesday inked a land lease agreement with Jiangsu Yabang Dyestuff, China, a concern of the Yabang Investment Holdings Group Co Limited, at

MICL recommended 7pc cash dividend

Business Desk :Mercantile Insurance Company Ltd (MICL) organized its 188th Board of Directors meeting virtually by using digital platform recently. The meeting was presided over by M Kamal Uddin, Chairman

Asian markets track Wall St surge, focus turns to Capitol Hill

AFP, Hong Kong :Asian stocks advanced Tuesday following another record close on Wall Street, with investors cheered by forecast-beating US data and hopes for fresh stimulus for the world's top