The cabinet yesterday decided to strengthen Trading Corporation of Bangladesh to enable the state-run entity to intervene in the market when the prices of basic commodities go too high.
The cabinet committee also agreed to allow the TCB to maintain a larger stock of goods to help offset any supply crisis in the domestic market.“The TCB will also export some commodities on a limited scale,” Cabinet Secretary Musharraf Hossain Bhuiyan told journalists after the regular meeting of the committee at the secretariat in Dhaka.The TCB can hardly intervene in any crisis due to a poor stock.The committee also decided to increase the number of directors at the board of the TCB to five from two now, the secretary said. Its authorised capital has been raised to Tk 1,000 crore from Tk 5 crore.In the meeting, the cabinet committee turned down the proposal of the Textile and Garment Industry Board Act-2013 and sent it for further review.The committee also agreed to increase the number of export trophies awarded to outstanding exporters, to 32 from 25, as the services sector will be included in the list this year.The committee approved a proposal of the housing and public works ministry to curb the authority of the local government bodies in giving approval to designs of multi-storied building as they do not have adequate capacity.For the construction of high-rise buildings outside RAJUK, CDA, KDA and RDA, the local governments like municipalities and upazila parishads will not be able to approve any project. The ministry will create a mechanism in this regard soon, Bhuiyan said.The government has also given the final approval to the brick construction and brick kilns establishment (amendment) law.
The cabinet committee also agreed to allow the TCB to maintain a larger stock of goods to help offset any supply crisis in the domestic market.“The TCB will also export some commodities on a limited scale,” Cabinet Secretary Musharraf Hossain Bhuiyan told journalists after the regular meeting of the committee at the secretariat in Dhaka.The TCB can hardly intervene in any crisis due to a poor stock.The committee also decided to increase the number of directors at the board of the TCB to five from two now, the secretary said. Its authorised capital has been raised to Tk 1,000 crore from Tk 5 crore.In the meeting, the cabinet committee turned down the proposal of the Textile and Garment Industry Board Act-2013 and sent it for further review.The committee also agreed to increase the number of export trophies awarded to outstanding exporters, to 32 from 25, as the services sector will be included in the list this year.The committee approved a proposal of the housing and public works ministry to curb the authority of the local government bodies in giving approval to designs of multi-storied building as they do not have adequate capacity.For the construction of high-rise buildings outside RAJUK, CDA, KDA and RDA, the local governments like municipalities and upazila parishads will not be able to approve any project. The ministry will create a mechanism in this regard soon, Bhuiyan said.The government has also given the final approval to the brick construction and brick kilns establishment (amendment) law.
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