Cabinet clears draft BSTI law

The cabinet yesterday in principle gave an approval to the draft of "The Bangladesh Standards and Testing Institution (BSTI) Law, 2016" revising the existing law to make it compatible with international practices, BSS reports. "The revised law will be more time befitting and compatible with the international practices," Cabinet Secretary Mohammad Shafiul Alam told a media briefing emerging from a regular weekly meeting of the cabinet with Prime Minister Sheikh Hasina in the chair. He, however, said the draft law kept intact the provisions for punitive measures including imprisonment and financial penalty as the cabinet approved the proposed act during the meeting at Bangladesh Secretariat.
Alam said the existing law was framed through an ordinance promulgated during the martial law regime in 1985 while a Supreme Court verdict required enactment of the new law as it declared all martial law promulgations illegal. The cabinet also approved the draft of "The Joint Venture Agreement between Bangladesh Power Development Board (BPDB) and Consortium of two Malaysian companies -- Tenaga Nasional Berhad (TNB) & Powertek Energy Sdn, Bhd -- to set up 1320 MW capacity Ultrasuper Critical Coal-based thermal power plant at Moheshkhali of Coxs Bazar. Under the deal, Alam said, the plant would be built under a fifty-fifty joint venture initiative of the TNB-Powertek and BPDB.
The cabinet secretary said that the draft of "The Bangladesh Wheat and Maize Research Institute Law, 2016" was also approved by the cabinet in principle.

Cabinet clears draft BSTI law

The cabinet yesterday in principle gave an approval to the draft of The Bangladesh Standards and Testing Institution (BSTI) Law, 2016 revising the existing law to make it compatible with international practices, BSS reports. The revised law will be more time befitting and compatible with the international practices, Cabinet Secretary Mohammad Shafiul Alam told a media briefing emerging from a regular weekly meeting of the cabinet with Prime Minister Sheikh Hasina in the chair. He, however, said the draft law kept intact the provisions for punitive measures including imprisonment and financial penalty as the cabinet approved the proposed act during the meeting at Bangladesh Secretariat. Alam said the existing law was framed through an ordinance promulgated during the martial law regime in 1985 while a Supreme Court verdict required enactment of the new law as it declared all martial law promulgations illegal. The cabinet also approved the draft of The Joint Venture Agreement between Bangladesh Power Development Board (BPDB) and Consortium of two Malaysian companies -- Tenaga Nasional Berhad (TNB) Powertek Energy Sdn, Bhd -- to set up 1320 MW capacity Ultrasuper Critical Coal-based thermal power plant at Moheshkhali of Coxs Bazar. Under the deal, Alam said, the plant would be built under a fifty-fifty joint venture initiative of the TNB-Powertek and BPDB. The cabinet secretary said that the draft of The Bangladesh Wheat and Maize Research Institute Law, 2016 was also approved by the cabinet in principle.