FE Report

The Regulatory Reforms Commission (RRC) would seek guidelines from the newly elected government about what it wants from the RRC, said its chairman Akbar Ali Khan Sunday.

"We had a clear knowledge about the intention of the previous government but we need to know what the present government wants from us," he said.

The caretaker government increased the tenure of RRC by two years in October last year but since the commission would be working under an elected government, it is necessary to know their intention, he explained.

The caretaker government in a major policy development in October 2007 formed a 17-menber regulatory reforms commission for one year.

The commission has recommended 135 proposals out of which about 30 per cent were implemented and other suggestions are in different stages of implementations, the former adviser said.

The commission has finalised its draft 'first report' which includes RRC background, recommendations and future workplan, he said.

"The First Report is a complete scorecard and will include the future direction of the commission," he added.

The report is expected to be published by this month and will be handed over to the prime minister.

The commission would make the documents public after handing it over to the government, Mr Akbar said.

The RRC was formed to update the centuries-old rules and regulations of the country to infuse dynamism into governance, administration and the economy and its members are former advisers Abdul Muyeed Chowdhury and Manjur-e-Elahi, incumbent cabinet secretary, governor of the Bangladesh Bank, secretary of the establishment ministry, secretary of finance division of finance ministry, home secretary, law, justice and parliamentary affairs secretary, commerce secretary, environment and forest secretary, NBR chairman, executive chairman of the BOI, President of FBCCI , MA Rouf Chowdhury, chairman MARK group, and Mostafizur Rahman, executive chairman of the CPD.