Economic Reporter :
A new jute bill has been placed in parliament to replace Bagladesh’s 54-year-old jute law.
Minister of State Mirza Azam placed the draft law – Jute Bill 2016 – in parliament on behalf of Minister of Textiles and Jute Imazuddin Pramanik on Wednesday.
It has been referred to the house committee on the textile and jute ministry for review.
The 1962 ordinance provides for three years’ imprisonment for violation of the law; the new bill add a fine of Tk 100,000 to the prison term.
The current law does mention a fine without, however, specifying the amount.
The proposed law says the government will be able to create a fund for the improvement of jute and jute products.
The law says the government will be empowered to collect data on the purchase and sale of any special product manufactured from jute fibre.
The government will also be able seek details of production, stock, purchase, sale and returns from individuals and establishment connected with jute business.
A new jute bill has been placed in parliament to replace Bagladesh’s 54-year-old jute law.
Minister of State Mirza Azam placed the draft law – Jute Bill 2016 – in parliament on behalf of Minister of Textiles and Jute Imazuddin Pramanik on Wednesday.
It has been referred to the house committee on the textile and jute ministry for review.
The 1962 ordinance provides for three years’ imprisonment for violation of the law; the new bill add a fine of Tk 100,000 to the prison term.
The current law does mention a fine without, however, specifying the amount.
The proposed law says the government will be able to create a fund for the improvement of jute and jute products.
The law says the government will be empowered to collect data on the purchase and sale of any special product manufactured from jute fibre.
The government will also be able seek details of production, stock, purchase, sale and returns from individuals and establishment connected with jute business.
