The honourable president has urged for the reformation of banks and financial institutions, while also providing directives for effective measures against corruption. The president rightly emphasized that at this moment, banks and financial institutions are in a delicate state. Therefore, the reformation of these sectors becomes extremely urgent.
The 12th National Parliamentary Election is imminent. The Election Commission has already announced the schedule for next year's election on January 7, 2024. The last date for submission of nomination papers was November 30. Out of 44 registered parties, 30 parties are participating in the elections. A total of 2,741 peoplesubmitted the nomination papers either under political parties or as independents, even though the country's main political opponent BNP and like-minded parties have rejected this election schedule. They are agitating for cancellation of election schedule. They are demanding national elections under a non-partisan government. TheAwami League and the opposition parties are at odds over the election issue. Programmes like hartal-blockade are being observed. All in all, the streets are getting hotter now.
The banking sector of the country has been plagued with various problems for a long time. The existing banking and financial companies were not able to address these problems through legal means. As a result, local economists and stakeholders in the banking industry had been providing recommendations for the amendment and modernization of banking company laws for a considerable period.