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Metropolitan Chamber urges parties to keep business out of politics

MCCIMetropolitan Chamber of Commerce and Industry (MCCI) has urged the political parties to come out of the culture of suicidal politics and leave business out of politics.

They made the appeal during a meeting with Finance Minister AMA Muhith at the finance ministry in Dhaka yesterday, putting forward nine-point recommendations for economic growth.

MCCI suggested issues included reducing political unrest, ensuring security of businessmen as well as trade and business, strengthening the macroeconomic situation, improvement of investment situation, allowing businessmen to invest in foreign countries, improve the country’s image abroad, and ensuring political programmes on the holidays.

They also urged the finance minister to ensure a balanced monetary policy, reduce the public borrowing from the banking system and establish the good governance in the capital market and banking sector.

“These are good suggestions and would be better for all,??? Muhith said in response to the suggestion by the MCCI delegation, led by its president Rokia Afzal Rahman.

He, however, said more time would be required to execute the recommendations while holding the political programmes on the weekly holidays would not be possible due to religious sentiment.

The minister also expressed dissatisfaction over delays in setting up of LPG terminal due to the complexity of tender process and appointing contractors.

He suggested the business community to run vigorous campaign for holding the political programs at the weekend.

To maintain public order and security of citizens and businesses, the chamber proposed that the political programmes, which call for large gathering, be held only during the weekends as in neighbouring city of Kolkata.

About the proposal to revise the work-week from existing Sunday-Thursday to Monday-Friday to keep pace with the international practice of working days, Muhith said the government has considered the issue several times, but it is still sticking to the existing holiday schedule.

Advocating widening of the tax net to improve revenue collection, MCCI stressed on further simplifying the tax forms, making the VAT scheme more business-friendly and bring it under single VAT registration system with allowable flexibility for SMEs.

Speaking at the meeting, MCCI president Rokia Afzal Rahman said that the business suffered severely in the last few months due to political instability and turmoil, and all are trying to gear up their activities in the coming days.

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Source: Dhaka Tribune

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