CPD recommends devaluing taka, reducing savings interests | daily-sun.com

CPD recommends devaluing taka, reducing savings interests

Sun Online Desk     16th April, 2017 07:50:09 printer

CPD recommends devaluing taka, reducing savings interests

The Centre for Policy Dialogue (CPD), a non-government research organisation, on Sunday has recommended for devaluing taka for ensuring benefits in the sectors of exports and remittances.

 

It also recommended for reducing the interest rate of savings certificates, controlling the rice price and to cut prices of diesel and kerosene.

 

The CPD made these recommendations at a press conference was organised at the capital's Brac centre to present its economic analysis on the 2016-17 fiscal and make a proposal on the upcoming budget.

 

In its analysis, the CPD also criticised the 45% implementation of the Annual Development Project (ADP) in three quarters of the fiscal posing question how it would be possible to implement 55% in the last quarter.

 

The research organisation has made five recommendations to get rid of weakness in implementation of budget.

 

The recommendations are-- devaluing taka for ensuring benefits in the sectors of exports and remittances, reducing the interest rate of savings certificates, curtailing the prices of diesel and kerosene, controlling the rice price, and forming an independent financial sector reforms commission to remove the weaknesses in the banking sector.

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