Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, May 27, 2019 06:27:55 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Govt can`t pay for losing jute mills

By
23rd-Oct-2017       
Comments
Share your thought
Post a comment »
Read all () »

 A LEADING daily reported Sunday that the Textiles and Jute Ministry has demanded to the Finance Ministry for allocating Tk 800 crore in loan so that it can pay workers and employees of state-owned jute mills the allowances that remained overdue for years. The jute industry is a losing concern for years but the government has stopped privatization of jute mills and even taken back some previously sold to private buyers to please union leaders who see the industry easy ground for looting. But the income of the industry is not enough to pay expenditure and most mills are running on subsidy. Consequently workers going on retirement have become the worst sufferers as the Ministry has failed to provide retirement benefits to the workers and the situation is aggravating every year.

It must be emphasized that workers have their right to get the retirement benefits in full so long they are in government pay roll. If anything is responsible, it is the populist labour policy of the government, which has not only reversed the previous privatization programmer and added to its liability by taking back some mills. The Jute Ministry has now decided to take fund from the budget under the cover of loan that may never be recovered as earlier cases suggest.

But the question is why tax-payers' money should be offered to pay for inefficiency of mill management and government failure to profitably run the mills. It is not acceptable in absence of a proper accountability mechanism to hold specific mill management the higher authorities liable for the failure. Incompetent government leaders are sheltering the corrupt system, dishonest people and spilled over liabilities often passing its load on the state exchequer at the end. Such overdue pay and allowances are also causing endless suffering to people in many other sectors such as retiring school and college teachers. The government has not created matching fund to add to their pension fund and such teachers are waiting for years to get the overdue benefits. Many are dying while waiting.   

As per reports Bangladesh Jute Mills Corporation woes Tk 773.93 crore to workers in terms of gratuity, provident fund and dearness allowances to 70,000 workers and 5500 employees of 26 mills and three other mills. According to BJMC statistics, the state-owned jute mills produce 1.46 lakh tonnes of jute goods per year and export 96,523 tonnes of the produce. But why they are losing is the big question.

We believe the government should review its policy and put loss-making mills to private owners to make them competitive and profiteering. But care should also be taken that privatization does not shelter dishonest people who may turn land of the mills to real estate business instead of modernizing the mills. We can't allow foul play with our jute industry. It must be competitive to stay in business.


Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Forced disappearances: There is no one to listen their call


FAMILIES of those who disappeared have been attending programmes in different areas over the last few years demanding the safe return of them. With photos of their loved ones, members of some 20 families of enforced disappearance victims gathered in front of the National Press Club under the platform "Mayer ...

Cricket »

Mehidy aims to cover up for Bangladesh's wristspin void


At a time when wrist spinners are in trend, Bangladesh will be heading into the world cup without one. And to be lagging behind in the spin department isn't something that the team has been traditionally used to. Young off spinner Mehidy Hasan believes his role, in the upcoming tournament, ...

Football »

Bologna's Federico Santander (right) scores a goal during the Italian Serie A soccer match between Bologna FC and SSC Napoli at the Renato Dall'Ara stadium in Bologna, Italy on Saturday.


International »

Iraq offers to mediate in crisis between its allies Iran, US


AP, Baghdad  :Iraq offered Sunday to mediate in the crisis between its two key allies, the United States and Iran, amid escalating Middle East tensions and as Tehran's nuclear deal with world powers steadily unravels.Iraqi foreign minister, Mohammed al-Hakim, made the offer during a joint news conference in Baghdad with ...

Sports »

A scene from the fifth round matches of the Walton International Rating Chess Competition at Bangladesh Chess Federation hall-room on Saturday.


Cricket »

Rubel eyes to finish World Cup as one of top five boawlers


Bangladesh speedster Rubel Hossain insisted on Friday he wants to finish the ICC World Cup 2019 as one of the best five bowlers.The right-handed pacer recovered from a side strain that prevented him to play all the matches during Bangladesh recent tri-series in Ireland. Before the main assault in the ...

International »

US troop move to ME dangerous for international peace: Iran's FM


AFP, Tehran  :Iranian Foreign Minister Mohammad Javad Zarif said Saturday a US decision to deploy 1,500 additional troops to the Middle East is a "threat to international peace," state media reported."Increased US presence in our region is very dangerous and a threat to international peace and security and must be ...

Editorial »

Take time-befitting diplomatic steps


THOUGH the foreign relation of Dhaka with New Delhi and Beijing is remarkably good, it is not working well especially in the Rohingya issue. Dhaka had requested both the nations for several times to mount pressure on Myanmar for Rohingya repatriation, but they kept limited their efforts in extending 'assurance' ...

Entertainment »

Dimple Kapadia bagged Christopher Nolan`s Tenet


Dimple Kapadia featuring in Hollywood director Christopher Nolan's Tenet has got everyone excited. From Bollywood celebrities to regular moviegoers, everyone has expressed their delight and congratulated the actress on social media for her achievement.  Dimple Kapadia's manager revealed to a daily how the actress bagged the role. The manager shared ...

Front Page »

290 migrants rescued near Tripoli


Egypt Independent , Tripoli :Libya's coast guard rescued 290 migrants clinging to inflatable rafts on Friday in two operations near the capital Tripoli, a naval forces spokesman said.The western coast of Libya is the main departure point of hundreds of thousands of migrants fleeing their countries from wars and poverty ...

Editorial »

HC concern over slow pace of banning toxic food items


THE High Court on Thursday rebuked Bangladesh Food Safety Authority (BFSA) for its failure of removing and destroying 52 substandard food products from the market. The HC earlier ordered the BFSA removing the substandard goods of 43 companies from the market but the BFSA did nothing except publishing only a ...

Entertainment »

Poppy, Hasan Jahangir’s Eid drama Nayikar Honeymoon


Sheikh Arif Bulbon :National Film Award winner actress Poppy earlier acted with actor and play director Hasan Jahangir in Innocent Love, Bhalobasha Du’jonai, Mental and Nayikar Biye. On the occasion of coming Eid to telecast on Asian TV, Poppy again paired up with Hasan Jahangir in a drama titled Nayikar ...

International »

Taiwan holds first gay marriages in historic day for Asia


AP, Taipei :Hundreds of same-sex couples in Taiwan rushed to get married Friday, the first day a landmark decision that legalized same-sex marriage took effect.Taiwan became the first place in Asia to allow same-sex marriage last week in a legislative vote on a cause that the island's LGBT rights activists ...

Editorial »

DMP fails to discipline city roads


TRAFFIC jam is a common scenario almost everyday in the capital city Dhaka. Usually, it intensifies every year during the Ramzan. This year it is no exception. But sufferings of commuters have been increased manifold this year because of constructing metro rail projects and unplanned digging in different areas under ...

Cricket »

T20 kings West Indies seek to make fresh World Cup mark


Can the West Indies take the form that has made them such a potent force in Twenty20 cricket into the World Cup?That is the question confronting Jason Holder's side as they head into the one-day showpiece in England and Wales that starts on May 30.The Caribbean team, who open their ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news