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Financial Loan Court (Amend) Bill placed

By Staff Correspondent
Finance Minister Shah A M S Kibria introduced the Financial Loan Court (Amendment) Bill, 1997 in the Jatiya Sangsad yesterday seeking amendments to the Financial Loan Court Act. 1990.
The printed objective of the Bill said it was necessary to amend the Act to bring about dynamism in loan realisation activities of the banks and other financial Institutions.
SAMS Kibria assured the House that the Bill would not create any negative impact on private sector initiatives.
A motion of vote of thanks on presidential speech was moved by Chief Whip of Parliament Abul Hasnat Abdullah while ruling party whip Abdus Shahid seconded the motion. A 20-hour discussion on the presidential speech is scheduled to be held before the adoption of the motion. President Shahabuddin Ahmed addressed the House on the inaugural day of the third session of the seventh parliament on January 15.
Ruling party MP Rahamat Ali. who is the Chairman of the Special Parliamentary Committee formed on July 23 last to scrutinise bills, submitted reports on four proposed legislations in the House.
Deputy Speaker Abdul Hamid was in the chair as the day's proceedings began at 11:20 in the morning. During the Suestion and answer session, le House witnessed a lively discussion on the production and distribution system of fertiliser in the country.
Later. Speaker Humayun Rashid Chowdhury took over and conducted the business till adjournment of the sitting at 2:50pm. '
While submitting his report to Parliament. Rahmat Ali told the House that the special committee had earlier scrutinised 16 bills and placed seven reports before the Jatiya Sangsad.
He noted that during the last session of Parliament six more bills were sent to the committee. Of the four bills the committee approved, two were with some amendments in the contents while the two others were cleared only with replacing the year 1996 by the year 1997.
Rahmat Ali also added that the remaining two bills were now under consideration of the special committee.
At this stage. Opposition Chief Whip Khandaker Delwer Hossain took the floor to request the special committee chairman to mention about BNP's reservation on the composition of the committee. He added that the committee members belonging to BNP did not attend its meeting and had objections about its formation.
In reply. Rahmat Ali said that despite repeated invitations in writing. BNP members did not attend the committee's meetings. He expressed the hope that in future the BNP members would Join and play a pivotal role in the committee.
The session is scheduled to resume again at 11 am today.