Health

Bill in parliament to boost Parjatan Corporation capital

State Minister for Civil Aviation and Tourism Md Mahbub Ali tabled the Bangladesh Parjatan Corporation (Amendment) Bill, 2024 on Monday.

The invoice was later despatched to the parliamentary standing committee on the Ministry of Civil Aviation and Tourism for an examination. The committee was requested to submit a report to the parliament inside a month.

The draft legislation proposes rising the authorised capital from Tk 150 million to Tk 10 billion and the paid-up capital from Tk 500,000 to Tk 4 billion.

The definition of a vacationer has been modified in the draft legislation. According to the present legislation, an individual spending greater than 24 hours however lower than six months away from residence for journey or leisure functions is taken into account a vacationer. The time has been prolonged to one yr in the draft legislation. However, if the particular person is away for work, she or he is not going to be labelled as a vacationer.

Jatiya Party senior MP Fakhrul Imam objected to the invoice in parliament saying that the present legislation has a minimal time restrict, which is absent in the draft legislation. He additionally raised objections on just a few different points.

The invoice states that the tourism company might be ready to function and handle duty-free retailers.

The current legislation stipulates that the board of an organization could have a most of 4 members. The quantity has been elevated to 11 in the draft legislation. The chairman of the board will now be the secretary of the ministry.

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According to the federal government, the legislation is being amended to cut back unemployment, create new jobs, enhance revenue and broaden the scope of tourism firms by the event of the tourism business in Bangladesh.

The cupboard secretary mentioned the council was being redesigned to facilitate the implementation of the multi-dimensional work of the tourism company. The invoice authorises the creation of rules to govern tourism firms.

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