• Bangladesh pick Razzak, Sabbir for WT20
  • Ukraine protesters granted amnesty in opposition win
  • Over 100 killed in Islamist attack in northern Nigeria
  • Textile mill warehouse burns down in Narsingdi
  • Indonesia says reports of Australian spying 'mind-boggling'
  • Abducted jeweller rescued in Comilla
  • 11 Bangladeshis return home from Iraq empty-handed
  • Missing Nepal passenger plane found, no survivors: official
  • Ensure use of Bangla in ads, billboards, number plates: HC asks govt
  • Remarks of govt illogical, funny: BNP
  • DoE fines 42 factories for polluting Buriganga
  • Quasem threatened to kill captives in Al-Badr torture camp: Witness
  • India’s Tehelka editor charged with sexual assault
  • Tigers need 181 to win
  • Perera rescues Sri Lanka against Bangladesh
  • HSC, equivalent exams to begin Apr 3
  • 40 fishermen kidnapped in Sundarbans, 15 hurt
  • Bangladesh achieves global recognition in combating money laundering
  • Deal signed with Indian ONGC for 2 gas blocks
HOME  BUSINESS
  
Print Friendly and PDF

Muhith hints at pension scheme launch in pvt sector

United News of Bangladesh . Dhaka

AMA Muhith AMA Muhith

Finance minister AMA Muhith on Sunday hinted that the organised private sector would be covered under the pension schemes in future alongside the existing national pension scheme for government officials and employees.
‘There are some 20 lakh government officials and employees under the national pension scheme and if it is implemented at the organised private sector, then the number would rise to 50 lakh,’ he said.
The finance minister was addressing the National Dialogue1 on the Draft National Social Protection Strategy of Bangladesh held at the NEC in city’s Sher-e-Bangla Nagar on Sunday organised by the General Economics Division of the Planning Commission.
Chaired by planning minister AHM Mustafa Kamal, social welfare minister Syed Mohsin Ali and PM’s economic affairs Moshiur Rahman spoke on the occasion as special guests.
Cabinet secretary M Musharraf Hossain Bhuiyan, who is also the chairman of the core committee of the draft strategy, spoke on the occasion while Bangladesh Bank governor Atiur Rahman also spoke.
GED member Shamsul Alam made the keynote presentation at the dialogue.
Speaking on the occasion as the chief guest, the finance minister said that the election manifesto of the present government envisioned that initiatives for introducing pension schemes would have to be launched in all private organisations by 2018 while by 2021 social security would have to be ensured.
Muhith also underscored the need for a national database for the various pension schemes to avert overlapping and remove the errors.
‘We’ll now have to have a farsighted thinking for our social safety net programmes as in the next five years, we’re certainly going to have a powerful local government, which is one of the biggest promises of this government …the devolution of power and decentralisation of the administration,’ he added.
The finance minister also claimed that the extreme poverty rate in the country is now 11 per cent while poverty rate is at 26 per cent.
He also proposed changing the Strategy to ‘National Plan for Social Security’
Muhith also underscored the need for giving emphasis on social protection, pension scheme and social security for all in the proposed National Social Protection Strategy.
Planning minister AHM Mustafa Kamal said that due to the proactive role of the immediate past government and the present government, the country’s poverty rate came down to around 26 per cent from 40 per cent.
He said that the some changes could be made in the existing social safety net programmes to make them more effective.




Reader’s Comment

comments powered by Disqus
   

Export earnings top $17.43b in 7 months

The country’s total export earnings stood at $17.43 billion in the first seven months of the current financial year 2013-14 with a growth of 15.08 per cent year-on-year, despite last two months’ sluggishness due to political unrest. Full story

18 banks disburse no loan in 7 months

A file photo shows villagers arranging harvested maize at a village in Lalmonirhat. Eighteen scheduled banks did not disburse any loan to farmers to cultivate four types of import-replacing crops including maize in the first seven months of the FY14. — New Age photo
Eighteen scheduled banks did not disburse any loan to farmers to cultivate four types of import-replacing crops — pulses, oil seeds, spices and maize — in the first seven months of the fiscal year 2013-2014 as they were reluctant... Full story

Govt to go tough against SIM sales with fake docs

The home ministry on Sunday once again asked the mobile phone operators to ensure that vendors do not sell any subscriber identification module (SIM) cards without proper identification in a bid to curb crimes through cell phones. ‘We will go tough against the... Full story

Biman’s in-flight duty-free sales from Mar 1

Biman Bangladesh Airlines is going to launch duty-free service onboard of its aircraft on all international routes in a bid to improve its customer service standard and provide its passengers with sky shopping facilities, officials of the airlines said. Full story

Muhith hints at pension scheme launch in pvt sector

AMA Muhith
Finance minister AMA Muhith on Sunday hinted that the organised private sector would be covered under the pension schemes in future alongside the existing national pension scheme for government officials and employees. Full story

Better accreditation facility needed to boost export

Industries minister Amir Hossain Amu, Bangladesh Accreditation Board member Md Liaquat Ali, Dhaka Chamber of Commerce and Industry president Mohammad Shahjahan Khan and Business Initiative Leading Development chairman Asif Ibrahim show, among others, copies of a book on accreditation at the launching ceremony at the DCCI auditorium in the capital on Sunday. — New Age photo
Trade officials and business leaders at a seminar on Sunday said that signing of multilateral recognition agreement with different countries would ease non-tariff export barriers as the absence of the facility are causing financial and procedural troubles for the local businesses. Full story

Stocks begin week downbeat in volatile trading

Dhaka stocks decreased on Sunday in volatile trading after bearish last week with fall in share prices of large capitalised companies as retail investors remained shaky amid the recent downward trend while institutional ones went for profit-taking sell-offs, market operators said. Full story

Atiur asks BB GMs to monitor pvt sector foreign loans

Bangladesh Bank governor Atiur Rahman on Sunday asked the general managers of the central bank to give attention to private sector foreign loans so that the scheduled banks would not give guarantee beyond their capacity against foreign credits. Full story

Banks asked to submit import reports before settling suppliers’ credit

Bangladesh Bank on Sunday asked scheduled banks to submit their import transaction-related reports immediately after the imported products enter into the country and before settling the suppliers and buyers credit from foreign sources. Full story

South America’s first Apple store in Rio

Some 1,700 impatient shoppers lined up for hours Saturday for the grand opening of Apple’s store in Rio de Janeiro — the first official outpost in South America. First in line was Thiago Cuba, 31, who said he was... Full story

Ex-NBR chair Mazid becomes CSE chairman

Former NBR chairman Muhammad Abdul Mazid has been elected the first impendent chairman of Chittagong Stock Exchange for three years as part of the demutualisation. The 12-member CSE board on Saturday elected... Full story

BKB holds branch managers conference

Bangladesh Krishi Bank held its Khulna division’s branch managers’ conference for the year 2014 in Khulna recently, said a news release. BKB managing director Md Abdus Salam attended the conference as chief guest while BCBD deputy general... Full story

China bank lending surges

China’s bank lending surged in January from December, the central bank said, but analysts attributed the rise to seasonal factors. Loans by Chinese banks reached around 1.3 trillion yuan ($216 billion) in January, up 246.9 billion... Full story

Quirky IPOs make a splash in Hong Kong

Nightclubs with diamante toilets, luxury cemeteries and local restaurants have made a splash during their debuts on Hong Kong's stock exchange, proving particularly popular among 'mom and pop' investors squeezed out of more mainstream openings. Full story

Oil, gold prices hit multi-month highs

Oil and gold prices hit multi-month peaks this week on improved demand prospects in the world's two biggest economies, the United States and China, and owing to a weaker dollar. Oil: Global crude prices rallied on improving US demand prospects. Full story

Market Disclosures

PRIME INSURACE The Board of Directors has recommended 15 per cent stock dividend for the year ended on December 31, 2013. Date of AGM: March 23, 2014, Time: 10:00am, Venue: Trust Milonayaton, Dhaka Cantonment, Dhaka-1206. Record Date: February 26, 2014. Full story
  • Online Poll


    Do you think that the government has successfully brought back normalcy in public life after the January 5 elections?

    • Yes
    • No
    • No comment
    Ajax Loader