JS may pass bill today to split Dhaka city

Staff Correspondent

Parliament is all set to pass today a government bill seeking to split the city of Dhaka.

A parliamentary standing committee at a meeting on Sunday approved the bill with nominal modifications.

The bill seeks to amend the local government law to divide Dhaka into two cities.

The committee approved the bill in record five days since it got it for scrutiny.

The government introduced the Local Government (City Corporation) (Amendment) Bill 2001 in the House on November 23 and on the same day parliament sent it to the standing committee for scrutiny. 

The Awami League-led government took the move for the hurried split of the historic city in the face of stiff opposition from the civil society, the opposition party as well as the mayor of Dhaka, who even offered resign and stay away from the next city polls in his appeal to the regime not to divide Dhaka.  

The committee on the ministry of local government and rural development is expected to return the bill to parliament today.

The bill on becoming law would empower the government to divide the historic city of Dhaka into Dhaka City South and Dhaka City North.

Unlike the existing local government law, the bill seeking to amend it is silent about the stipulation that a new mayor of Dhaka has to be elected within 180 days of expiry of the tenure of office of a sitting mayor.

Following the amendment the local government law would also empower the government to remove the elected mayor of Dhaka Sadeq hossain Khoka, split the Dhaka City Corporation

into two city corporations and appoint their administrators awaiting election of new mayors of the two new cities.

The bill also proposes dividing the assets and liabilities, records, documents and other materials of the Dhaka City Corporation between the two new city corporations.

Parliament sources said that the session was likely to be prorogued in a day or two.

Members said that the standing committee only dropped two words relating to the qualification of the administrators of the two new city corporations for Dhaka.

They said that the committee dropped the words ‘first class’ from ‘first class public servant’ the stipulated the qualification of officers, the government would be empowered by the amendment to the local government law to appoint as administrators of the two new cities.

Following amendment the local government law would empower the government to appointment civil servants or any other persons, it thinks competent, as administrators until two mayors are elected for the two new cities.

The standing committee approved the bill in five days said its member Nur-e-Alam Chowdhury.

 The meeting over, he said parliament would pass the bill today.

The state minister for LGRD Jahangir Kabir Nanak had introduced the bill in parliament on November 23.

Nur-e-Alam said the committee approved a separate bill to amend upazila parishad law and it would also be passed by parliament today.

He said that the tenure of office of the administrator would be 90 days and a new administrator has to be appointed after 90 days.

The existing local government law does not permit removal of an elected mayor or his or her replacement by an appointed administrator.

The bill omitted armed forces from the definition of law-enforcement agencies ruling out deployment of troops during city elections.

Following the amendment to the local government law, 92 wards of the historic city of Dhaka would be divided between the two new cities.

According to it, Dhaka North City Corporation would comprise wards 1 to 55 and Dhaka South City would comprise wards 56 to 92.

In justification of dividing the city the bill says it became difficult to provide civic services to one crore people from one centre.

In its objectives for splitting the city, the bill said that the people were not getting the civic amenities.

On October 31, the cabinet approved the bill for splitting the city of Dhaka.

Source: newagebd.com/newspaper1

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Dhaka stocks will fall in year 2 crash

Born from the series of shocks the witnesses all 'Market stabilizing measures' fall frantic rush for sell-off by investors under the grip of a feverish panic, flat on their

Faces reduced one after the other, Dhaka shares with a stunning fall on Sunday for the second time this year since January.

The country's premier stock market nose diving, a 21-month low panic margin in the midst of noisy demonstrations by investors on city streets in Motijheel crumble in the second crash of this year, the DGEN General benchmark Dhaka stock exchange.

The DGEN lost 4.36 per cent or 231.65 points to close the lowest level on which it stood at 5,095.21 points since January 21, the day on 5,077.12 points.

Investors on the day staged noisy demonstrations, locked in clashes with police officers, lit wood materials in protest in the relentless decline in share prices.

If the DGEN had lost 158 points of order 12: 25, investors from another broker crashed out of the buildings and crowded the road to bring the traffic between Shapla square and Ittefaq junction.

They chanted slogans against Finance Minister Abul Maal Abdul Muhith, Prime Minister of finance consultant Mashiur Rahman, Bangladesh Bank Governor Atiur Rahman, the Securities and Exchange Commission and DSE President Shakil Rizvi for their failure to the market to stabilise and infusion of investors with panic.

The demonstrators called Muhith for still not abandon, the finance portfolio after his attempts failed to stabilize the stock market and the economy as a whole and each shameless.

"After drawing flak from legislators and ordinary people, he is still on the Chair operation is to" evidence said investor.

Investors burned wood-based panels on its way to the DSE building at 14: 20. At this point numbers Lawman dispraise batons on investors to them. At that time, hut threw some investors out of the Madhumita building of the police. Later, the investors quietly further convinces the police and the demonstration.

Investors from the demo, now said the Government from the private sector, in particular the banks after the hole, promises came with several announcements of the movement for the injection of fresh funds into the market. But those who have proven to be empty talks.

Although the banks announced last week that the continuous fall of the market they invest in shares to their permitted limit of 10 percent of the liabilities, and relentlessly shrinking amount of sales, which said it proved the opposite.

"Rather than cheat us, she should say that the market would not stable", an investor said.

The DGEN we have fallen past six trading days to 467 points about that.

Salahuddin Ahmed Khan, Professor of finance at the University of Dhaka, said: "some of the market support measures were not stabilization have implemented and, which deepen the panic among investors."

'Positive announcements for the market are welcome, if they are implemented, otherwise the questionable,' he had.

"The problem more than the announcements by various authorities were not followed and by measures, which was more important support for the increase of the market," said DSE Senior Vice-President Ahsanul Islam new age,.

Bangladesh merchant bankers' Association President Mohhamad A Hafiz said, new age, 'the banks are in the terminal of the Eid-ul ETA Eridani and selling pressure from investors increases therefore also.'

The DSE-index hit all-time high of 3,249.57 crore earlier of 8,928.51 points with turnover of TK on 5 December, when the market is experiencing a boom.

But the market fell in January and February, after a series of crashes. On 28 February, the DSE index with sales stand TK 489.41 crore was 5,203.08 points.

A liquidity crisis hit the market at that time, as most of the banks and

other large investors was sunk for loose sales in December and juicy profits.

At the end of the stump January February began the market to back on the track in March, in which sales of the DSE on TK with provide the DGEN position 1,592.60 crore on 21 March at 6,528.20 rose.

The market started however, again in the mid-April to glide, as investors panic even more uncertainty about the implementation of the recommendations the Committee probe in January shares crash after.

The market started recovery, after the Government allowed investment of unknown money in shares on 29 June. Sales of Dhaka Bourse posted a record of the year of the TK 1,957.92 crore on 24 July, as the investors those, became active in particular institutional on the market.

On 24 July the DGEN climbed 6710.53 points with a turnover of TK 1957.92 crore, that highest of the year, after the passage in the Parliament of a provision to allow paying investment of unknown money on the stock exchange by 10 percent tax.

But the market then started a number of reasons, such as the poor corporate disclosure by a number of listed companies, Bangladesh Bank tight monetary policy and securities and Exchange Commission announcing legal action against some suspected market manipulators.

Source: newagebd.com/newspaper1

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Sahara asks people like to own security before leaving Dhaka

 

The home Minister Sahara Khatun, on Tuesday called the inhabitants of the city to safety on their own for homes and businesses before leaving Dhaka to celebrate Eid-ul ETA Eridani in remote areas.

She said that the law enforcement agencies would remain alert and on patrol while the oath begins holiday in the first week in November, to keep order.

The Minister, who make on a law and order in the Secretariat, asked the owners of clothing manufacturers pay for the workers oath, are expected to be celebrated on 7 November.

She said that in and around livestock markets in Dhaka and across the country, law and order to keep would be mobile courts in operation.

"A large number of people, many of them businessmen, left with her family in village homes to celebrate Eid Dhaka." I ask, some security measures make local to shopping centres, markets and homes before leaving the city Fopr oath,' Sahara said at a press conference meet the.

The police and the rapid action battalion with regular patrol would last during the time, she said, however.

Legislators for constituencies in Dhaka City, law enforcement, senior officers and representatives of the Bangladesh Association of tanners, among other things the attended meeting and discuss, as sacrificed to check smuggling of hiding of the country, such as a large number of animals for Eid-ul ETA Eridani would be.

The BTA President, Shahin Ahmed, sought action to the crime and extortion in hide trade after oath included. He was looking for transitions in Postagola and Hazaribagh, where most of the tanneries are also security for the Bank.

Sahara said that crime and extortion may not. She asked the businessmen to use machines to identify counterfeit notes, if some quarters during the oath, to spread fake notes.

Teams are mobile law enforcement on roads and waterway leads to livestock markets to harassment by seller and buyer of sacrificial animals check provided.

Get asked to strengthen border guards Bangladesh, so that the hide smuggled into neighbouring countries for vigilance at the borders of the home Minister.

Which it was decided that no one has to hide of sacrificial animals from Dhaka to check city smuggling.

Sahara directed the authorities set up closed-circuit television cameras on city livestock markets to tighten up security systems.

Source: newagebd.com/newspaper1

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International trade fair 2011 launched in Dhaka

International trade fair 2011 largest fair in Bangladesh began today with great way.  Honorable Prime Minister Sheikh Hasina Begum the exhibition inaugurated today in Dhaka. Head of Government: Sheikh Hasina today calls for everyone involved in the further consolidation Bangladesh's position in regional and international trade by promoting exports, quality assurance and create new destinations from Bangladesh products steps.

The Prime Minister has the call at the start of the month long 16th Dhaka international trade fair (DITF), 2011 in the capital for presents and marketing of domestic products on domestic and foreign.

International Conference Centre (BICC) start the function in the Bangabandhu here, said Government export efforts centered your current company, so that its contributions to world trade trigger Bangladesh can continue his Allout and investment.

DHAKA, Jan 1 (BSS), photo: TDS

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