National Human Resource Development Fund Usage Policy approves
Published: 06:58 PM, 4 November 2019
Prime Minister Sheikh Hasina chaired the cabinet meeting at her office; Photo: PID
The Cabinet on Monday approved the draft of the ‘National Human Resource Development Fund Usage Policy-2019’ aimed at creating skilled manpower to accelerate the booming economy and meet the growing demand for competent workforces.
The approval came from a weekly cabinet meeting with Prime Minister Sheikh Hasina in the chair at the capital’s Prime Minister’s Office.
“The cabinet today gave its nod to the draft of the ‘National Human Resource Development Fund Usage Policy 2019’ to create skilled manpower considering its growing demand in the local and international arena and to accelerate the booming economy,” Cabinet Secretary Khandker Anwarul Islam, in his maiden briefing, told newsmen at the Secretariat after the meeting.
PM’s Principal Secretary Md Nojibur Rahman placed the policy before the cabinet, he said.
Islam added: “The policy was approved mainly to ensure proper use of the National Human Resource Development Fund for creating skilled manpower.”
“If the fund is properly used a huge number of people will be turned into skilled manpower which will increase their (manpower) export and thus help us achieve the sustainable development goals (SDGs),” he said.
The Finance Division has already established a bank named “National Human Resource Development Fund Bank” to oversee the allocation of funds among the public and private organizations, he said.
The top bureaucrat said, “National Skills Development Authority and concerned skill development organizations will finalize the applications for allocation from the fund through scrutinization of skills development related program such as training, research, survey and innovation in line with the policy.”
“People of various sectors will get necessary training free of cost under the policy,” he said, adding that as many as 23 ministries have been working to this end.
The cabinet also approved the ratification proposal of an agreement signed between Bangladesh and Nepal for avoiding double taxation on income and preventing tax evasion.
“Both the countries will be benefited due to the agreement,” the Cabinet Secretary said.
The cabinet was apprised of the Prime Minister’s participation in the 18th NAM summit held in Baku, the capital city of Azerbaijan, on October 25 and 26.
A report regarding implementation of the cabinet division’s decision of the last three months (July-October 2019) has been placed before the cabinet meeting, said Islam.
According to the report, as many as 58.50 percents of the decisions taken by the cabinet in the last three months have been implemented, while implementation of the remaining 41.50 percent decisions is underway.
The cabinet took 53 decisions during the period and 31 of those have been implemented.
The cabinet also apprised of the India visit of Information Minister Dr. Hasan Mahmud from September 14 to 18.
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