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New AL policy encourages private initiatives, says Hasina

By Staff Correspondent
Awami League chief and Leader of the Opposition In Parliament Sheikh Hasina Sunday said that the economic policy announced by her party aimed at opening a new path for unhindered economic growth and encouraging private entrepreneurship tn the country.
"Our experience and analysis have made us come to this conclusion that economic drive at present is not consistent with the monopoly of the state." she said.
Hasina was addressing a function organised by Dhan-mondi Rotary Club at Sonar gaon Hotel Sunday evening. She received the Paul Harris fellow Recognition Certificate of the International Club on
I behalf of her slain father Bangabandhu Sheikh Mujibur Rahman, at the function
The award, named after the founder President of Rotary International, was given to Bangabandhu in recognition of a contribution of 1.000 US dollars made on his behalf by Dhanmondi Rotary Club President Azam Khan.
Describing the economic policy of Awaml league an nounced In March, the Awaml league president said that the objective of the policy was to encourage and protect private entrepreneurship for Increased productivity.
Alleviation of poverty generation of employment and increase In the standard of living on a priority basts were also the goal of the economic policy of her party, she said
The policy, she added, also emphasises reduction of allocation for the unproductive sectors and suggests diverting the funds to education, technology. human resource development.
The process of development. aimed at economic emancipation, formation of capital and Investment tn the country have come to a stop since the assassination of Bangabandhu. she said
"Every development planning has its own philosophy and logic. One must give a plan enough time before Judging it.... however, it was not allowed to happen tn Bangladesh." Ilaslna said in reference to the development efforts by the Awaml League government Immediately after the country's 1971 War of Independence.
The inevitable impact of changing government by the unconstitutional means has created a state of anarchy. Irregularities and confusion In the country’s economy and administration."
She called for increased democratic practice in the local government and in the social welfare organisations for giving the newly-achlevcd democracy a firm footing.
Hasina thanked the Rotary Internationa) for honouring her father with the Paul Harris recognition certificate and said, This award has also honoured the whole nation."
The function was also addressed by Rotarian MNG Azam Khan. Rotary Club District Governor Jalal U Ahmed. Vice President of the club Syed Noor Islam, past presi-’ dent Nurul Islam, and Sheikh Abdul Hafiz.
Later, the president of the Rotary Club of Dhanmondi handed over the certificate to Sheikh Hasina.