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This time FBCCI proposed to form Bank Commission

by endroar

In his proposal to the Finance Minister for consideration in the next financial year's budget, the FBCCI President has mentioned 11 challenges currently existing in the national economy. These include inflation control and market supervision, crisis in foreign exchange reserves, slowdown in expatriate income, ensuring adequacy of dollar, increase in tax-GDP ratio, interest rate and financial sector crisis etc.

In his proposal to the Finance Minister, the FBCCI President stressed on taking steps to resolve the foreign exchange crisis. Mahbubul Alam said that precautionary measures should be taken in taking up projects with foreign funding. Effective action to combat money laundering requires political commitment. Apart from this, steps will be taken to increase expatriate income and foreign exchange reserves.

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