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Dhaka Tribune

BB staff to get existing salary till new pay structure declared

Update : 23 Sep 2015, 06:16 PM

Finance Ministry has been asked to continue the existing salary structure for the employees of the Bangladesh Bank till the new pay scale is declared in line with the eighth pay structure.

Senior Secretary of Public Administration Ministry Kamal Chowdhury has sent a letter to the implementation wing of the finance ministry on September 16 in this regard.

He also advised the finance ministry to prepare a new pay structure for Bangladesh Bank staffs similar with the eighth pay scale although a separate pay scale has been implementing for BB employees for the last six years.

According to the letter, the authorities concerned may implement a new pay structure in other state-owned banks and the financial institutions, keeping similarities with the newly announced pay scale.

Besides, an initiative may be taken to give stipend to all the children of the civil servants from the Corporate Social Responsibility (CSR) fund of banks, financial institutions and other corporate organisations.

Public Administration Ministry gives directives to authorities concerned to monitor the implementation of the government decision of government will be submitted to the cabinet division within first four days of every month, according to the letter.

 “It is illogical to implement a separate pay scale of Bangladesh Bank because it will encourage other state-run financial institutions to raise their demand for separate pay scales for their respective organisations,” a top official of the Bank and Financial Institutional Division told the Dhaka Tribune. As Bangladesh Bank is financially solvent enough, the BB staffs’ demand is much more legitimate, they claimed.

National Pay and Services Commission for 2013 recommendeda separate pay scale for Bangladesh Bank that will be approved by its board of directors.

Besides, a secretary-level committee also suggested for a new pay scale for BB employees with similar to eighth pay scale structure.

The government cleared the Eighth Pay Scale on September 07 last. Senior Cabinet Secretary Mosharraf Hossain Bhuiyan had earlier stated a cabinet committee on removing salary discrepancies has been asked to evaluate the teachers’ proposals along with other government institutional and make recommendations. In November 2013, Prime Minister Sheikh Hasina approved a separate pay scale for the state-owned banks but it could not be implemented because of legal complications.

The argument was that the central bank is an autonomous organisation and cannot be brought under a same pay structure with state-owned banks, bringing forth the issue of a separate pay scale for BB.

Bangladesh Bank and four-state owned banks have a total of 61,000 staff whose salaries would increase by 70% after implementation of the separate pay scales. Bangladesh Bank has 4,958 staffs while Sonali Bank 23,363, Janata Bank 15,146, Agrani Bank 13,558 and Rupali Bank 4,293. 

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