THERE Is a tendency on the part of the bureaucrats at many levels to be the guardians of the affairs of the people in as many spheres a* It I. possible. This Is a universal bureaucratic tendency and more so In our country. In the name of promotion of the developmental aettvt lies, the policy makers also, be Ing Influenced by the bureaucrats, try to exercise as much control on the economic activities as it Is possible.

Many of the politicians are also seasonal. They get opportunities of remaining at the helm of the affairs for a very short period. In the name of promotion of economic activities. the bureaucrats and politicians try to regulate and even strangulate the initiative of the people.

The character of the Bangladesh bureaucrats is not anything unusual. Comparatively more talented boy* of the educational institutions adopt service as a career. In the

western countries, many of the service holders, after understanding the tricks of the trade, quit the service and adopt trade and business a* a career.

In Bangladesh, those who' adopt service as a career are very loyal to It. They do not quit service unless they are kicked out. Even If they are kicked out. they will try to get It back with _ all humiliations. The Bangladesh bureaucrats do not believe In changing masters. Many bureaucrats Instead of being helpful, generally hand I cap the growth of private enterprise in this country.

Realising the basic nature of the Government bureaucrats, American people preferred to keep the size of the Government small. The United States is the largest manufacturing country In the world It ia a surprise that there could be such a great industrialization without a Ministry of Industry or a Minister for Industries. American businessmen believe that

Ministry of Industry or a Directorate of Industry will do more to thwart their effort* In Industrialization rather than pushing them ahead

The bureaucrat* and policy maker* are not mere islands tn the turbulent sea. Our people have the tendency of seeking everything from the Govern ment which la. in turn, a great seeker from the foreign donor* The bureaucrats are not alone responsible In our country for their bureaucratic' attitude The attitude of our own people has a contributory factor As the people seek almost everything from the Government, and free, the bureaucrats assume greater responsibility and guardianship of the administration, economy and the country

Banks

Though the sponsors are keen to get the permission of new Banks. It is very doubtful If

the bureaucrats In various agencies connected ad th the grant of permission would be generous and open minded to support the cause. If they like they can raise so any points ■nd Issues against new banks whk h cannot be answered even by the Devil. Our bureaucracy Is terribly efficient In negative

There should not be reside-ttons on the setting up of new banks. If the backs behave within the laws and regulation* relating to banking II la of course, admitted that the Government should care for the Interest of the depositors, and for this, the banking laws should be very strict But the emergence of new bank* must not be prevented In the name of protecting the Interest of the depositors The sponsor* or management of the bank should suffer and be punished If they commit breach of trust There should even be capital

punishment for the breach of lru»l of the criminal*, but the •rell meaning sponsor* should not be stopped from rendering beneflrlal services

Banking ibiuld be viewed as a business Industries are set up at private initiative Funds are raised by selling shares. If any Industry collapse* Share holder* suffer losses Banking Is also a type of business. Government hu a responsibility to the worker* The private entrepreneur* exploit the worker* Because of this, the growth of Industrie* must not be restricted.

The way pharmaceutical companies or even newspaper* are allowed to grow and dte. the financial Institutions may be a Itowed to growth and die and those who will not play the rules of the game be punished very severely

Banking control and ragula tton* must be so framed and be made very strict by the Government a* to protect the interest of the depositor*. If the

Central Bank and the Ministry of Finance are not capable of protecting the Interest of the depositor*. It should be made very clear, so that the deposl tors ran be careful and make deposit at their own rlak

Those who will deposit fund In a wrong type of Institution, they will suffer The role of the Government should be limited to warning the people about the type of Investment and final* lai poaltton of the hank* Inaptte of Bangfedesh Bank's warning and caution. If some depositor* want to lake the rlak. they should lie alknved to do so and suffer the conaequencea. In the proceaa they will learn.

fhe bureaucrats should be courageous enough to admit that the people themselve* un dersland their won ftnancial In tereeta better than the bureau crata. Whatever economic de vetopment the people are attaining In our country to not that much breauw of the bureau crata. but It to so much Inapitc of them.