Body formed to examine pay scale proposals for BB, SCBs
Thursday, 6 May 2010
FE Report
The government has formed a high-powered committee, headed by cabinet secretary Abdul Aziz, to examine the proposals on separate pay scale for officials and employees of the Bangladesh Bank (BB) and on unified pay scale for three state-owned commercial banks, sources said.
Finance Minister AMA Muhith has recently approved the seven-member committee. The Committee has been given 30 days to examine and give its recommendations on the proposed pay scales.
The committee members include six secretaries of the government and chairman of the Sonali Bank Ltd.
Earlier, the board of directors of BB approved a separate pay scale for about 5100 officials and employees and a unified pay structure was also okayed by the management of Sonali bank ltd, Janata bank Ltd and Agrani bank ltd.
After getting recommendations from the committee, the MoF will send a proposal to the cabinet division to exclude BB and three corporatised banks from the 'Government Service (reconstitution and conditions) Act 1975'.
The clause 5(1) of the Act says no separate pay scale for any state-owned organisation -- be it fully government or autonomous -- is justified.
Once the cabinet approves the exclusion of the BB and three banks from the Act the MoF will okay the report of the committee, officials said.
The BB has been lobbying for a separate pay scale for the last four years. However, lack of strong political decision and bureaucratic tangle have slowed down the process.
The government has formed a high-powered committee, headed by cabinet secretary Abdul Aziz, to examine the proposals on separate pay scale for officials and employees of the Bangladesh Bank (BB) and on unified pay scale for three state-owned commercial banks, sources said.
Finance Minister AMA Muhith has recently approved the seven-member committee. The Committee has been given 30 days to examine and give its recommendations on the proposed pay scales.
The committee members include six secretaries of the government and chairman of the Sonali Bank Ltd.
Earlier, the board of directors of BB approved a separate pay scale for about 5100 officials and employees and a unified pay structure was also okayed by the management of Sonali bank ltd, Janata bank Ltd and Agrani bank ltd.
After getting recommendations from the committee, the MoF will send a proposal to the cabinet division to exclude BB and three corporatised banks from the 'Government Service (reconstitution and conditions) Act 1975'.
The clause 5(1) of the Act says no separate pay scale for any state-owned organisation -- be it fully government or autonomous -- is justified.
Once the cabinet approves the exclusion of the BB and three banks from the Act the MoF will okay the report of the committee, officials said.
The BB has been lobbying for a separate pay scale for the last four years. However, lack of strong political decision and bureaucratic tangle have slowed down the process.