Dhaka, Bangladesh (BBN)– The government will re-introduce auto re-investment facilities for three saving tools for wage-earners following requests from the non-resident Bangladeshis and significant fall in investment of the remitters.
Finance Minister AMA Muhith recently instructed the Internal Resources Division (IRD) to review performance of the three saving instruments — wage earners’ development bond, US dollar bond and US dollar premium bond.
The instruction came following resentment created among the wage earners in the Middle East and Southeast Asian countries, according to reports.
Auto re-investment facilities might be provided with some conditions, officials said, adding that there might be mandatory rules for showing relevant documents of wage earners for availing the facilities of auto re-investment.
People who come back from abroad after a few years of job will not be considered as wage earners, they noted.
The government has found 11 per cent decline in investment in the savings tools in the current fiscal compared to the corresponding period of the last fiscal.
BBN/SSR/SI-13Nov10-10:13 am (BST)
