Online service delivery key to improving ease of doing business - Share market analysis of dhaka stock exchange, Bangladesh

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
05 December, 2018 09:53 AM Source: New Age

Bangladesh’s ease of doing business situation could not be improved without effective introduction of digitisation and online-based services as there are various limitations in providing services in the existing manual process, said ministers and government senior officials on Tuesday.
They came up with the observation while speaking at a meeting of National Steering Committee on ease of doing business reforms in a city hotel.
Prime Minister’s Office principal coordinator (SDG affairs) Md Abul Kalam Azad said that Bangladesh’s position had not improved that much in the ease of doing business despite making improvement in score.
Bangladesh scored 41.97 in the latest report against the country’s score of 41.06 in the previous year, he said.
Bangladesh got 176th position, among 190 economies, in a global ranking on the ease of doing business prepared by the World Bank Group.
WB released the Doing Business Report-2019 on October 31.
Not only Bangladesh but also other countries were also working to improve in the index and that was why the country did not make much progress in the index, Kalam said.
Speaking about the delay in land mutation process after registration of a land, Kalam said, ‘We have to think whether there is any scope for introducing any digitization and automation in this process to get rid of the problem as many other issues remain unresolved until or unless land mutation is completed.’
He, however, expected that the country’s ranking in ease of doing would improve significantly when one-stop service would become effective from January of the year 2019.
State minister for power, energy and mineral resources Nasrul Hamid said, ‘We will have to adopt technology effectively if we want to compete in the global arena in terms of attaining foreign direct investments by improving ease of doing business.’
If technology remains unused, it would never be possible to do better in ease of doing business index, he said.
He also said that it now took 180 days in providing electricity connection and the required time could be reduced at best to 150 days under the existing manual process but the required time could be reduced drastically if everything was available online.
Expressing dissatisfaction over holding of the first meeting of the National Steering Committee on ease of doing business on Tuesday after two years of its formation, commerce minister Tofail Ahmed said this was the situation of bodies like Bangladesh Investment Development Authority which were mostly busy in attending foreign seminars.
Shipping ministry secretary Md Abdus Samad said that it would take 2-3 years to get permission from 27 government entities to install a business.
He also suggested making the one-stop service meaningful so that such permission could be achieved easily.
Finance minister AMA Muhith said that there were hassles in the ports for importing goods and focus should be on a quick solution to the problems.
He also suggested taking steps so that a trade licence would be enough to run any business.
BIDA executive chairman Kazi M Aminul Islam said, ‘We will have to expedite measures for making improvement in ease of doing business index so that visible progress could be attained in the next year’s raking.’


Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login
Advanced Charts
Market Map
Real-Time Market Watch
Order Book Data
Stock Screener
LankaBangla Client Login
CSE iTrading
Trading Game
DSE iTrading

Stocks in Focus

Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
Many more

Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2013


Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?