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SMEs also to get BSCIC support

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cabinet6Staff reporter
The Cabinet on Monday approved in principle the draft of the 'Bangladesh Small and Cottage Industries Corporation (Amendment) Bill, 2014' expanding the corporation’s areas of operation, aiming to bring micro and SMEs under its purview.
With the passage of the Bill, BSCIC will be able to extend support for flourishing micro and Small and Medium Enterprises (SMEs) in addition to the small and cottage industries.
In the proposed law, there is a provision of a nine-member advisory panel of BSCIC comprising representatives from both government and private sectors alongside its board of governors.
The draft of the 'National Academy for Planning and Development (NAPD) Bill, 2014' was also approved in principle by the Cabinet aimed at bringing the activities of the academy under a specific legal framework. Once the law is I place, the NAPD will be a separate legal entity.
Under the proposed law, there will be a 15-member board with the Planning Minister or State Minister as its chairman while the Planning Secretary will act its vice chairman.
The main goal and objectives of the NAPD will be to impart training to government officials, conducting research and publications.
The Local Government Division at the meeting withdrew its draft proposal of the 'Local Government (City Corporation) (amendment) Ordinance, 2014' as the Cabinet thinks the proposed amendment needs more in-depth examination.
At the beginning of the meeting, the Cabinet adopted a felicitation motion following the Election of Bangladesh Navy Captain Moin Uddin Ahmed as the director general of International Mobile Satellite Organization (IMSO).
Captain Moin beat the candidates of France, Germany, Italy and Romania to have been elected in the polls that took place in London.
IMSO is an inter-governmental organization the primary purpose of which is overseeing certain public satellite safety and security communication services provided by mobile satellite communication systems.
Bangladesh for the first time won the post in IMSO, which is being deemed as a significant diplomatic success.
Besides, the Cabinet was apprised about sending of 100 tonnes of drinking water and five desalination plants to Male, the capital of the Maldives, to address its safe water crisis caused by a fire.
Bangladesh has come up with the help as a devastating fire in the desalination plant in Male stopped the supply of drinking water to the city. The water and the desalination plants are being transported by a Bangladesh Navy ship.
The Cabinet meeting was also apprised about the participation of Bangladesh delegation, headed by the Finance Minister, in the Annual Meeting of the World Bank and IMF on October 7-14, 2014 in Washington, and about the participation of Bangladesh delegation in the 322nd session of the ILO in Geneva on November 3-13, 2014.
Ministers, State Ministers and secretaries concerned wee present at the meeting.