Sheikh Hasina has threatened the private banks with tough actions if they do not lower the rates of interest they charge to lend to or below 9 percent.
Government plans to introduce universal pension scheme
The government has planned to introduce a universal pension scheme, through which private sector employees may reap benefits.
Published : 13 June 2019, 12:40 PM
Updated : 13 June 2019, 12:42 PM
“A 'Universal Pension Authority' will be formed soon for gradual introduction of the universal pension for everyone, including all employed in formal and informal sectors of the economy,” Finance Minister AHM Mustafa Kamal said in parliament on Thursday.
The government also plans to bring all pensioners under its pension payment process—Electronic Fund Transfer or EFT— so that pensioners can receive their funds without any hassle.
Former Finance Minister AMA Muhith in his budget speech in FY2018-19 had also mentioned that the government planned to introduce a pension scheme for the private sector employees.
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