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Regulatory reforms body formed to overhaul rules


Posted on Wednesday, October 31st, 2007 at 2:24 am
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The government yesterday formed a 17-member Regulatory Reforms Commission (RRC) in a bid to overhaul outdated administrative rules and regulations with specific focus on removing bottlenecks for economic investment, commerce and trade.

“The Regulatory Reforms Commission has been formed to prepare recommendations aiming to modernise the existing rules and regulations after necessary reform and review,” stated a government notification.

With a tenure of one year, the commission will be chaired by former adviser and cabinet secretary Akbar Ali Khan and include former adviser Manjur-e-Elahi, former secretary Abdul Muyeed Chowdhury, FBCCI president, two prominent economists and government secretaries and executives concerned.

The commission will come into effect once the government issues a gazette notification, expected today, according to government sources.

The RRC would also be authorised to hire experts on particular issues, who would then be needed to be incorporated through another gazette notification.

The notification stated the Board of Investment (BOI) would serve as the secretariat for the RRC, while the BOI executive chairman will serve as the member-secretary of the commission.

The commission also has the power to gather information from government, semi-government, autonomous or private organisations, according to the notification.

In relation to investment, trade and commerce issues, the commission will also be able to receive recommendations from national, regional and international development partners, and the soon-to-be-formed Bangladesh Better Business Forum and its working groups.

The government notification explained, “In the present era of globalisation and regional cooperation the huge number of existing rules of the country are not suitable for a dynamic administration.”

“The rules related to the country’s economic investment, commerce and trade are complex, lengthy and unnecessary. Hence, modernisation of the rules is an imperative for expediting economic development,” it stated.

The other members of the RRC are: the cabinet secretary, Bangladesh Bank governor, secretaries to the finance division, establishment, home, law justice and parliamentary affairs, commerce, environment and forest ministries, the NBR chairman, economist Hossain Zillur Rahman, Centre for Policy Dialogue Executive Director Mustafizur Rahman and Chairman of Marc Group MA Rouf Chowdhury.

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This entry was posted on Wednesday, October 31st, 2007 at 2:24 am and is filed under Bangla, Bangladesh, Bangladesh News, Bangladesh Politics, Daily Bangladesh News, News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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3 Responses to “Regulatory reforms body formed to overhaul rules”

  1. 1
    raju ahmed Says:

    attested system should be discarted.
    to apply in psc,there is a rule of submitting application through proper channel.before viva voce we are required to take permission from authority for those who are doing a job.It is a harrasement for us. So this rule should be discarted.

  2. 2
    M.Mohsin Ali Says:

    The RRC Chief should for God’s sake mind his business that he & commission has been entrusted with by the state. Looks like the RRC chief Mr.Akbar Ali Khan has been doing more politics than his job he is supposed to do. His comments and statements like prevalent silent famine, famine striken children with big tummy,etc etc are nothing but frustrations and exzazerations.His perceptions may not be 100% inaccurate but the way they are given in the media almost everyday are inspiring profiteers & bringing more misery & damage to common people of the country. My suggestion would be he should restrain himself from making such comments, though we are are not sure about his frustrations.

  3. 3
    Ahsan Zaman Says:

    Addressing Hon’ble Chairman/

    Hon’ble Sir/

    I am personally inspired that you dare speak loudly that all our poverty alleviation policy has been proved futile and useless.

    I assure to creat 1000 family employment in a single rural union parishad area ,breeding and hatching our country poultry,60,000 hens in a year,and distributing them among 1000 families,which’ll gain 1kg.weight in 9 weeks,earning 12000Tk.in 9 weeks,and distribute the value 50% to the rearing families,& 50% to the organization for establishment,maintanance & further enhancement.

    That’ll provide 1,20,00,000 Tk.to national G.D.P & 50% i.e 60,00000 taka’ll be distributed among 1000 working families.That is Tk.6000 per families per term.(in 9 weeks,says,chairman,Deptt.of poultry Science,B.A.U)

    Would you consider it to be a potential proposal,to reduce rural poverty upto a satisfactory lavel for a pilot project? Please think it over,and earnestly request you to give me “yes” “no” response over my cell-phone No.01190610020,for I don’t have the I.T access from the remote ruraal villages,for often I live there.

    Paying you my earnest homage-

    AHSAN IQBAL
    VILL;VIKUNIA,UNION;HOGLA,U.Z,PURBADHALA, DIST,NETROKONA
    Mobile:01190610020

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