SEPARATE PAY STRUCTURE FOR BB, AND SOBS
Committee suggests scrapping of tax benefitShakhawat Hossain
A government committee on separate pay scale for the Bangladesh Bank and three state-owned commercial banks has recommended curtail of existing allowances including tax-payment, entertainment and laundry allowances, officials said.
The committee, headed by cabinet secretary Mohammad Mosharraff Hossain Bhiuyan, put the condition in a meeting held on August 7 as part of its exercise to review the demand by the banks.
BB, Sonali Bank Limited, Agrani Bank Limited and Janata Bank Limited have been demanding for separate pay scales since 2005.
The government formulated the review committee early this year.
The committee agreed that the government should award separate pay scales for the banks which are struggling to retain their talented officers against high demand from the private commercial banks.
It, however, viewed that as the bankers were demanding much higher pay they should pay income tax from their own fund instead of the government.
Besides, the bankers should not be entitled to receive entertainment, laundry, lunch, and health allowances anymore if the government implements the separate pay scales, said a committee member.
The committee, however, asked the bank and financial institution division to prepare a draft of separate pay scale in line with recommendations of finance minister Abul Maal Abdul Muhith.
Muhith, in last June, said the government would introduce separate pay scale for BB and other state-owned banks. He also suggested a pay structure for the BB.
A finance ministry official said Muhith suggested basic pay of a general manager of BB, a middle ranked officers, at Tk 57,000. He calculated that the take-home salary of the official will be Tk 1,30,000 plus.
Currently, nearly 90,000 employees are employed in all SOBs, while about 6,000 are with the BB.
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