Govt forms Regulatory Reforms Commission
Wednesday, 31 October 2007
The caretaker government in a major policy decision Tuesday formed a 17-member Regulatory Reforms Commission (RRC) for updating the centuries-old rules and regulations of the country to infuse dynamism into governance, administration and the economy, reports UNB.
A government notification said the Commission has been constituted with a chairman and 16 members on part-time assignment.
Explaining the urgency of forming the reform commission, the government said: "In the present era of globalisation and regional cooperation the huge numbers of existing rules of the country are not suitable for a dynamic administration.
"Specially the rules related to country's economic investment, commerce and trade are complex and fraught with procrastination. Hence, modernisation of the rules is an imperative for expediting the economic development."
"Under this circumstances," said the notification, "the Regulatory Reforms Commission has been formed for preparing recommendations aiming to make the existing rules and regulations modern and time-worthy after necessary reform and review."
Former Adviser of the previous caretaker government Dr Akbar Ali Khan has been appointed chairman of the RRC, which came into being at a time when the interim regime has been carrying out massive sociopolitical reforms against the backdrop of the recent political crisis.
The members are former Advisers Abdul Muyeed Chowdhury and Syed Manzur Elahi, incumbent Cabinet Secretary, Governor of Bangladesh
Bank, Secretary of the Establishment Ministry, Secretary of Finance Division of Finance Ministry, Home Secretary, Law, Justice and Parliamentary Affairs Secretary, Commerce Secretary, Environment and Forest Secretary, NBR Chairman, executive chairman of BoI, President of FBCCI, MA Rouf Chowdhury, chairman MARK group, Hossain Zillur Rahman, executive chairman of PPRC, and Dr Mostafizur Rahman, executive chairman of CPD.
The tenure of the commission would be one year from the date of issuing of the notification.
As per its scope of work, the Commission can co-opt any experienced person for accomplishing its task for a particular period for particular purpose mentioned in the notification. The government then will engage that person by gazette notification.
The Board of Investment (BoI) will carry out secretarial function of the commission while the BoI executive chairman act as member-secretary to the RRC.
A government notification said the Commission has been constituted with a chairman and 16 members on part-time assignment.
Explaining the urgency of forming the reform commission, the government said: "In the present era of globalisation and regional cooperation the huge numbers of existing rules of the country are not suitable for a dynamic administration.
"Specially the rules related to country's economic investment, commerce and trade are complex and fraught with procrastination. Hence, modernisation of the rules is an imperative for expediting the economic development."
"Under this circumstances," said the notification, "the Regulatory Reforms Commission has been formed for preparing recommendations aiming to make the existing rules and regulations modern and time-worthy after necessary reform and review."
Former Adviser of the previous caretaker government Dr Akbar Ali Khan has been appointed chairman of the RRC, which came into being at a time when the interim regime has been carrying out massive sociopolitical reforms against the backdrop of the recent political crisis.
The members are former Advisers Abdul Muyeed Chowdhury and Syed Manzur Elahi, incumbent Cabinet Secretary, Governor of Bangladesh
Bank, Secretary of the Establishment Ministry, Secretary of Finance Division of Finance Ministry, Home Secretary, Law, Justice and Parliamentary Affairs Secretary, Commerce Secretary, Environment and Forest Secretary, NBR Chairman, executive chairman of BoI, President of FBCCI, MA Rouf Chowdhury, chairman MARK group, Hossain Zillur Rahman, executive chairman of PPRC, and Dr Mostafizur Rahman, executive chairman of CPD.
The tenure of the commission would be one year from the date of issuing of the notification.
As per its scope of work, the Commission can co-opt any experienced person for accomplishing its task for a particular period for particular purpose mentioned in the notification. The government then will engage that person by gazette notification.
The Board of Investment (BoI) will carry out secretarial function of the commission while the BoI executive chairman act as member-secretary to the RRC.