Free Essay

Bangladesh and 15th Amendment

In:

Submitted By kishormab
Words 2923
Pages 12
The 15th amendment, CG, indigenous people, and related issues→ M. Serajul Islam The 15th amendment was inevitable because of the abolition of the 5th and 7th amendments by the Court. However, the Parliamentary Committee that was set up to deal with the Court's rulings extended its terms of reference beyond the rulings and delved into issues and areas that had already divided the nation, for instance the issue of the caretaker government. Interestingly, the day before the Committee placed the draft of the 15th amendment before Parliament; its Co-Chairman stated in the media that it would not make any recommendation on the CG. Lo and behold, the abolition of the CG was the number one recommendation of the Committee that did not enhance its credibility to the public.

The 15th amendment has also created controversy with regard to the people of our hill districts. Recently, on the occasion of World Indigenous People's Day, a few comments of the leaders of our hill tribes attracted my attention. One of them said on TV that the people of the hill tracts should be "grateful" to those who drafted the 15th amendment for "upgrading" their status from an "upajati" (sub-nation) to full "jati" (nation) by legally making them Bangalis from their hitherto status as Chakmas and members of other hill tribes of the country. The tone of sarcasm and sadness in his words did not escape viewers' attention.

Another tribal leader who was interviewed on the same issue said that regrettably when the Parliamentary Committee was making such fundamental changes in the Constitution affecting their fate; it did not consider it at all necessary to talk to them. This leader said that their efforts to be heard fell on deaf ears of the Committee.

The 15th amendment has denied the status of indigenous people to 3 million of the people of Bangladesh who do not speak Bengali and are not part of the Bengali culture. They are neither Muslims, the religion of the majority Bangalis of Bangladesh, nor Hindus, the religion of the largest minority Bangalis in the country. There are a host of other legal, moral and ethical issues that have been pushed aside by the 15th amendment where those who have been denied their rights have not even been heard or consulted.

If democracy is simply a matter of parliamentary majority, then the 15th amendment is democratic. It is the product of consensus among the 15 or so members of the Committee that drafted it. It was passed in a parliament of 350 members without any vote against it. But then democracy is much more than rights of the majority in parliament. In fact, the litmus test of a democratic country is one where the views of every group are given that extra consideration to rule out any possibility of a majority imposing its views on a minority. In this case, the ruling party's majority is in a parliament that for good part of the last two decades has been non-functional; a majority that translates to support in 40 per cent or less among the people!

In the context of what is contained in Part X on Amendment of the Constitution, the 15th amendment leaves a lot to be desired. This provision allows parliament to send a bill on amendment by a 23rd majority to the President. Nevertheless, the major part of Part X of the Constitution is on the power of the President to send such a bill for referendum, leaving little doubt that the framers of the Constitution placed the ultimate power of amending the Constitution on the people in case of controversy or on the importance of the amendment.

Then again, the committee that made the recommendations was entirely a committee of the ruling party and its allies. That the opposition was invited and did not attend can be a strong criticism against the BNP and its allies. Nevertheless, it does not substitute the requirements of democracy. In the process, the 15th amendment has been made without the views of a substantial number of the people of the country. For the sake of acceptability, the 15th amendment should have been placed to the people in the shape of a referendum once the opposition refused to participate in the work of the committee because it affects a larger number of people in the country beyond the Awami League and its allies.

The more pertinent question how logical is it to try citizens of sedition that is punishable by death who do not have respect for the Constitution that now includes controversial amendments that have not been supported by the majority of the people? The Leader of the Opposition has said her party will fight for the restoration of the CG. Does this constitute sedition for it surely shows disrespect for the Constitution? Leaving aside the legal arguments, should a Chakma by fear of sedition to become a Bangali? More importantly, can a Chakma be made a Bangali by a constitutional amendment because after the 15th amendment had made all of us Bangalis?

The questions are not difficult to answer. If the issue is democracy, the answers are self-evident. In a democratic country, the constitution is a consensus document where respect is spontaneous. It would be interesting to know if there is any other country where showing disrespect is seditious. Such an insertion in itself suggests that the constitution in question or a part of it has become controversial that is an anathema to very idea of a constitution. Those who drafted the 15th amendment would have done themselves and the country a world of good if they had studied a little about how constitutions are amended elsewhere, particularly the spirit with which such amendments are made.

In this context, what Dr. Kamal Hossain said recently is significant. He has urged the ruling party to bring a new amendment to deal with the controversies that it has brought to our politics by the 15th amendment. In particular, he asked the ruling party to revive the system of caretaker government and the spirit of the 1972 constitution that he drafted as the law minister. Talking of the spirit, the 15th amendment has re-established secularism but has kept the religious amendments inserted after August 15, 1975 changeover, thus making way for contradictory provisions on state principles to be a part of the Constitution.

Whether the ruling party does that or not, the politics of the country will, in one way or the other, resolve the controversy that the 15th amendment has injected in the context of the mechanism under which the next elections would be held. Both the parties are aware that a compromise has to be found. Unfortunately, in the absence of any culture of democratic negotiations among the mainstream parties, the compromise would probably come through the streets. The finance minister has clearly given a hint of the shape of things to come when he said that he saw losses to the economy in the next one year in the tune of US$ 235 billion arising of political conflict. No doubt he was pointing at some of the controversial provisions of the 15th amendment.

What no one has yet spoken is what would be the consequences of the controversy over the issue of indigenous people versus ethnic minorities that the amendment has introduced in our politics. Although the ruling party has not cared to explain, the reason for not allowing our hill tribes indigenous status is to protect the land and other rights of settlers from the planes who are from the majority Bengalis. If the constitution acknowledged the hill tribes peoples as indigenous peoples, it would deny the settlers, among other things, the right to own land.

This is why the foreign minister was at pains to explain to the foreign diplomats that the hill peoples of Bangladesh are ethnic people and not indigenous. She quoted from history to establish that the hill peoples migrated to the hill areas not that long ago and were not there when Bangladesh was inhabited by the ancestors of present day Bangalis of Bangladesh. As they were not here before the Bangalis, they have no claim as indigenous peoples but as ethnic minorities who migrated to the hill districts that would take away from them a host of rights and privileges to which they would be entitled under the relevant UN conventions, including the UN Convention on Indigenous People. Bangladesh, together with 11 other countries, abstained when this convention was adopted in 2007.

The issue is in fact being contested by Bangladesh in UN Human Rights Commission where the case of the hills peoples as indigenous peoples have many supporters among our development partners. The Bangladesh case is not weak either. However, by declaring the hills peoples as ethnic minorities and thereby forcing their separate identities as Chakmas, Moghs, etc to be subsumed by declaring in the 15th amendment that all people of Bangladesh are Bengalis, the Government has given an opportunity to the international forces who argue the case of the hills peoples in the Human Rights Commission , additional ammunitions to attack the Bangladesh case.

Whether the Bangladesh government calls them tribal peoplesethnic peoples or indigenous peoples, its case would be difficult to explain to the critics looking at the issue objectively. A lot of the difficulty has been inherited. The peoples of the hills of Bangladesh were betrayed during the Pakistan days when the Kaptai dam was built. The dam took away prime arable lands from the tribal peoples and they have not been compensated since.

When Bangladesh was created, the hill peoples were told to become Bengalis without addressing the issue of compensation for them for building the Kaptai dam. The call sowed the seeds of the insurgency in the hill districts. Manobendra Larma, a leader of the hill peoples had said then that they are not Bengalis by blood and that it would be impossible for them to ignore what they are by blood. The insurgency went on for a long time, fuelled by the attempts of the armed forces to force them into submission and Indian support for the insurgency. The military also tried to control the insurgency by allowing the people from the plains to settle there, the idea being to make the peoples of the hill districts a minority in their land. In fact, the military's objective was to do precisely that. They used questionable methods to tackle a highly sensitive, potentially volatile and totally political issue.

In a way, the ruling party has worked from the same mindset as the military in their decision to describe the hill peoples as ethnic minorities. They have backed the interests of the majority Bengalis in the hill districts where they have now settled in large numbers. The Indian government is now firmly behind the Bangladesh government for the major concessions that it has made on security and the promise of land transit. Therefore, it has no fear of insurgency from the peoples of the hill tracts who need India on its side for taking up arms against the Bangladesh government.

Although the government is in no immediate danger of insurgency of the hill peoples, it will face pressure over its decision on the issue from its development partners. In some form, this will be felt for sure. There was no reaction after the foreign minister's briefings to the foreign envoys here that suggests that they are critical of the subject. In the time ahead, the deliberations in the UN Human Rights Commission are expected to be heated when the subject that is on the agenda comes for discussion.

Potentially, the more threatening aspect of the issue is the fact that the hills peoples are either Buddhists or Christians. Their Buddhist connections will surely resonate adversely against the Bangladesh Government from countries such as Japan, our largest development partner, that has known weakness for Buddhism as a good part of its people are Buddhists or influenced by Buddhism. The Christian connection will likewise resonate adversely against us among our western development partners.

Most dangerous is the fact that although the insurgency issue may not explode so long as the present ruling party is in power, once a non-AL government not willing to give India what it wants from Bangladesh assumes power, the insurgency could start again and could become more serious because of the constitutional provisions we have made to deny them their rights. The government should not forget that a number of three million and growing is by no means to be taken lightly, particularly when they have been given reasons to fight.

It is in this context there is the need to consider a strong parallel here. As Bengali Muslims, we fought and created Pakistan. But Pakistan wanted to subsume our Bengali character and we revolted. At least we had a number of common factors that make a nation when we were a part of Pakistan, like a common religion and a common historical experience. The peoples of the hills have no such common factors with people of Bangladesh. To force them to become Bangalis would be a denial of the very issues and principals that gave our war of independence in 1971 the high legal, moral and ethical contents that has made it a unique movement for self determination in modern history.

The hill peoples are by no means confrontational. They have been subjected to historical injustices, many in the Pakistan era. The Government of Pakistan took away their agricultural land by building the Kaptai Dam and did not fulfil the promises of rehabilitating them. Their experience under Bangladesh has not been fortunate either that has forced them to take up arms against the government of Bangladesh. The Chittagong Hill Tracts Agreement of 1997 has promised them justice and fair play but by all accounts, the successive governments of Bangladesh have not fulfilled the promises.

There is no evidence that the hills peoples are progressing in any sector of activities in Bangladesh. Before taking away their special status as indigenous peoples, the government of Bangladesh should have undertaken massive programmes to bring them into the mainstream of the economy and administration of the country. There should have been special quotas for them everywhere where the government employs people. The International Mother Language Day that UNESCO celebrates every year on 21st February was introduced to save languages of many nationstribesindigenous peoples around the world whose mother tongues are threatened. Our hills peoples are facing this threat and the 15th amendment may only hasten this process.

Let the government not mistake the fact that there are strong forces abroad that would need to be convinced that the 15th amendment has done the right thing to our tribal peoples. It does not seem that the ambassadors whom the foreign minister briefed were convinced by her when she called them to the foreign ministry to explain the amendment. Their Buddhist and Christian backgrounds are important factors in their favour with our development partners. Added to these is the weakness of these countries for issues of rights of minorities and indigenous peoples. By the 15th amendment, the government may thus have bargained more trouble than it can handle because on issue of minorities and indigenous peoples, a country is no longer at liberty to do as it pleases.

The 15th amendment has thus treaded into dangerous waters but with a mindset of imposing the will of the ruling party in the name of the government on the people and calling it democratic. On the issue of abolishing the CG system, the drafters and the ruling party coalition parliamentarians knew that it would not be accepted by the opposition who despite their parliamentary lack of strength, represents the majority in the country. On the issue of transforming the hills peoples into Bangalis, they also knew or if they did not, they should have known that they were treating the subject in the same manner that the military-bureaucratic rulers of Pakistan treated Bengali nationalism.

In these cases, with full respect for the Constitution upon which the ruling party has placed such great emphasis, let the following be said on the issues raised here. Although there are four state principles, it is democracy that is the operating principle in our Constitution. It is for democracy that hundreds of thousands sacrificed their lives in 1971. It is for democracy that people followed the clarion call of Bangabandhu Sheikh Mujibur Rahman to fight for independence at any cost. The underlying essence, in fact the soul of democracy is the need to discuss for building consensus in matters of the state. Imposition of opinion on a majority or a minority, no matter how wise those imposing it may consider their viewsdecisions to be, is the anti-thesis of democracy.

Hence the 15th amendment must be reviewed for sake of democracy and to help us respect the Constitution. After all, humans inserted it and hence it has no claims to divinity. The 15th amendment has to be re-amended so that in case of the caretaker government issue, the majority view is reflected and in case of the indigenous people, the views of the tribal peoples are taken into consideration, to arrive at a consensus. If these are done, then there would be no need to insert the threat to anyone that disrespect for the Constitution would be sedition because then everyone would spontaneously respect it.

The writer is a former Ambassador to Japan.

Similar Documents

Free Essay

15th Amendment of Bangladesh

...Fifteenth amendment Of Bangladesh Constitution FIFTEENTH AMENDMENT THE LAST AMENDMENT 15th Amendment: The Parliament of Bangladesh, the Jatiya Shangsad passed the constitution 15th amendment bill 2011 on 30 June 2011 at amend it s constitution under which the caretaker government system for holding general election was scrapped. The bill which contains 15 proposals was passed by the division vote with a majority of 291-1.However amendments moved by ruling alliance opposing Islam as the state of religion and religion based politics were rejected. Islam has been retained as the state religion along -with Bismillahi-ar-rahmanir-rahim. Eleventh Amendment Salient feature of Fifteenth Amendment, Highlight of Fifteenth amendment: salient feature of the 15 amendment of the constitution passed by the parliament. *Caretaker government system abolish.*Election to be held under incumbent cabinet Islam as state religion and Bismillahi-Ar-Rahmanir-Rahim retained.*Revival of article 12 to restore secularism and freedom of religion.*the people of Bangladeshshall be known as bangles as nation and citizens of Bangladesh shall be known asBangladeshi.*Inserted article 7a and 7b in the constitution after the article 7 in a bid to end take over of power through extra-constitutional means.*Basic provision of the constitution are amendable. Twelfth amendment *In case of dissolution parliament by any reason election be held within 90 days of such dissolution. Increasing the number...

Words: 435 - Pages: 2

Premium Essay

15th Amendment of Bangladesh

...Salient features of 15th amendment of Constitution UNB, Dhaka Salient features of the 15th amendment of the Constitution passed by parliament Thursday. 1. Caretaker system abolished 2. Elections to be held under incumbent cabinet 3. Islam as State religion and ‘Bismillah-Ar-Rahman-Ar-Rahim’ retained 4. Revival of Article 12 to restore Secularism and freedom of religion 5. The people of Bangladesh shall be known as Bangalees as a nation and citizens of Bangladesh shall be known as Bangladeshis 6. Inserted articles 7A and 7B in the Constitution after Article 7 in a bid to end takeover of power through extra-constitutional means 7. Basic provisions of the constitution are not amendable 8. In the case of a dissolution Parliament by any reason, election should be held within 90 days of such dissolution 9. Increasing the number of women reserve seats to 50 from existing 45. 10. The Supreme Command of the defense services shall vest in the President and the exercise thereof shall be regulated by law. 11. The Chief Justice shall be appointed by the President, and the other judges shall be appointed by the President in consultation with the Chief Justice. 12. The portrait of the Father of the nation Bangbandhu Sheikh Mujibur Rahman shall be preserved and display at the offices of the President, the Prime Minister, the Speaker, and the Chief Justice and in head and branch offices of all government and semi-government offices, autonomous bodies, statutory public authorities...

Words: 301 - Pages: 2

Premium Essay

Critical Analysis of Bangladesh 15th Amendment

...In the words of Justice Holmes, “a page of history is worth a volume of logic”. The history of Bangladesh is epoch-making in the sense that it is a saga of bloodshed, tears and sacrifices of millions of people. Since its independence, Bangladesh is a democratic People’s Republic and it is the mandate of the people that it is only the Constitution itself is the solemn expression of the people’s will and no other laws. But it is the irony of the nation’s fate that since the adoption of the Constitution, it has undergone so many amendments that it hardly has its original spirit, the spirit which motivated the Drafters to draft the First Constitution of Bangladesh after its glorious birth through a long liberation struggle. An unenviable feature of the 'constitutional development' of Bangladesh is that it had to withstand two extra-constitutional, i.e., Martial Law, regimes. Later on the Fifth and the Seventh Amendments to the Constitution validated the Martial Law regimes, which raise a series of questions concerning their legality, both substantive and procedural. Can Parliament validate anything, which is otherwise invalid from its very beginning? Can a Martial Law Proclamation amend any provision of the Constitution and can the Parliament give legal coverage to that amendment? Can Parliament amend any provision of the Constitution which is considered as a basic structure of the Constitution? All these questions have been in the discussion for long 30 years....

Words: 1244 - Pages: 5

Premium Essay

15th Amendment

...An assignment on 15th amendment of the Bangladesh constitution. The 15th amendment of the Bangladesh constitution is perhaps the most debatable one in the post democratic era that follows the 1990 public upsurge against autocracy. The often pronounced justifications offered for this amendment is the ‘needs’ for returning to the spirit and contents of the founding constitution of 1972 of Bangladesh. Yet the 15th amendment rather accommodates some of the changes brought out by the 5th and 7th amendments, both made by the Martial Law regime and recently declared illegal and unconstitutional by the apex court of the country. 15th amendment, like most of the previous amendments, also largely failed to reflect comparative constitutional studies. Such study is considered essential for learning the experiences of constitutionalism in relevant jurisprudences and borrowing or adapting them in amending a nation’s own constitution. Although the 1972 constitution of Bangladesh was indigenous in part, the 1972 Constituent Assembly (led by Bangabandhu Sheikh Mujibur Rahman) enriched our constitution by the same process of borrowing and/or adapting from models and concepts of foreign constitutions. For example: collective responsibility of ministers to Parliament and functions of parliamentary committees were taken from UK system, the concept of fundamental principle of state policy from India and Ireland, the provisions of human rights and Judicial review from US constitutional jurisprudence...

Words: 2036 - Pages: 9

Premium Essay

Ammendment

...15th Amendment of Bangladesh Salient features of 15th amendment of Constitution UNB, Dhaka Salient features of the 15th amendment of the Constitution passed by parliament Thursday. 1. Caretaker system abolished 2. Elections to be held under incumbent cabinet 3. Islam as State religion and ‘Bismillah-Ar-Rahman-Ar-Rahim’ retained 4. Revival of Article 12 to restore Secularism and freedom of religion 5. The people of Bangladesh shall be known as Bangalees as a nation and citizens of Bangladesh shall be known as Bangladeshis 6. Inserted articles 7A and 7B in the Constitution after Article 7 in a bid to end takeover of power through extra-constitutional means 7. Basic provisions of the constitution are not amendable 8. In the case of a dissolution Parliament by any reason, election should be held within 90 days of such dissolution 9. Increasing the number of women reserve seats to 50 from existing 45. 10. The Supreme Command of the defense services shall vest in the President and the exercise thereof shall be regulated by law. 11. The Chief Justice shall be appointed by the President, and the other judges shall be appointed by the President in consultation with the Chief Justice. 12. The portrait of the Father of the nation Bangbandhu Sheikh Mujibur Rahman shall be preserved and display at the offices of the President, the Prime Minister, the Speaker, and the Chief Justice and in head and branch offices of all government and semi-government offices, autonomous bodies...

Words: 305 - Pages: 2

Free Essay

Business Communication

...BARTER AGREEMENT 14.11.2015 This Agreement that consists of 3 (Three) pages is made on the 14th day of November 12, 2015 1st Party: Dhaka FM Limited, a private FM radio station in Bangladesh having its registered office at Navana Tower (15th Floor), 45 Gulshan South, Circle-01, Dhaka-1212, Bangladesh (hereinafter called the “1st Party” which expression, unless repugnant to the context shall include its successors-in-interest, assignees, nominees, Administrators, officers & legal representatives) of the ONE PART. AND 2nd Party: Comilla Victorians, a Cricket Club and participant of Bangladesh Premier League – BPL T20, 2015 having its registered office ……………, Dhaka, Bangladesh (hereinafter called the “2nd Party” which expression, unless repugnant to the context shall include its successors-in-interest, assignees, nominees, administrators, officers and legal representatives) of the OTHER PART. (Hereinafter collectively referred to as ‘Parties’ and individually as ‘Party’) WHEREAS the 1st Party is engaged in the business of broadcasting under the name and style of Dhaka FM 90.4, and will be a Radio Partner of Comilla Victorians for upcoming Bangladesh Premiere League T20, 2015 AND WHEREAS the 2nd Party is engaged in Sports and going to participate in Bangladesh Premiere Cricket League (BPL) 2015 under the name and style of Comilla Victorians NOW, THEREFORE THIS AGREEMENT WITNESSES as follows, (A)GENERAL TERMS & CONDITIONS: That in consideration...

Words: 607 - Pages: 3

Premium Essay

Amendmend

...The constitution of Bangladesh has so far been amended sixteen times. These amendments and and numerous proclamation orders have been responsible for bringing in profound changes in the original character of the document. The first, second, third and fourth amendments were made by AWAMI league government of seikh mujibur rahaman, the fifth through martial law regulations and the Bangladesh national party, sixth by BNP, 7th, 8th, 9th and 10th by JATIYA party, 11th, 12th, 13 and 14th by BNP. The 15TH and 16th amended by AWAMI league. The major amendments are as follow: First Amendment The Constitution (First Amendment) Act 1973 was passed on 15 July 1973. It amended Article 47 of the Constitution by inserting an additional clause which allowed prosecution and punishment of any person accused of 'genocide, crimes against humanity or war crimes and other crimes under international law'. A new Article 47A was also inserted, making certain fundamental rights inapplicable in those cases. Second Amendment The Constitution (Second Amendment) Act 1973 was passed on 22 September 1973. This act: amended Articles 26, 63, 72 and 142 of the Constitution; replaced Article 33; and inserted a new part (Part IXA). Provision was made through this amendment for the suspension of certain fundamental rights of citizens during an emergency. Third Amendment The Constitution (Third Amendment) Act 1974 was enacted on 28 November 1974. This amendment altered Article 2 of the Constitution to...

Words: 1906 - Pages: 8

Premium Essay

The Importance Of Human Rights

...The report was unveiled by eminent educationist and former vice chancellor of jahangirnagar university professor Zillur Rahman Siddiqui. Executive summary: Despite strengthening solidarity and unity among indigenous peoples and civic groups of mainstream Bengali population with strong media support, the indigenous people in Bangladesh passed 2011 amidst numerous victims facing gross abuses of human rights without access to justice. The perpetrators, irrespective of state and non state actors, enjoyed with full impunity. Land dispossession of the indigenous peoples and massive communal attack on them in order to occupy their land continues unabated. Constitutional recognition of indigenous peoples and implementations of CHT accord of 1997 remain unfulfilled, due to continuous following of policy neglect by government of...

Words: 2378 - Pages: 10

Free Essay

Business Plan

...| | | | | | |Assignment on: | |CHT CONFLICT AND PEACE PROCESS | | | | | | | |[pic] | | | |DHAKA CITY COLLEGE ...

Words: 3115 - Pages: 13

Premium Essay

Saarc

...CHAPTER - 1 INTRODUCTION South Asian Association for Regional Cooperation The South Asian Association for Regional Cooperation (SAARC) is an organization of South Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organization in 2007. Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal. The combined economy of SAARC is the 3rd largest in the world in the terms of GDP (PPP) after the United States and China and 5th largest in the terms of nominal GDP. SAARC nations comprise 3% of the world's area and contain 21% (around 1.7 billion) of the world's total population and around 9.12% of Global economy as of 2015. SAARC also home to world's 3rd & 7th largest Economy of world in GPP(PPP) &...

Words: 2261 - Pages: 10

Premium Essay

Internship Paper

...Bank Limited (UCBL) is a Bangladesh based private commercial bank that provides banking services. The services include corporate and retail banking, loans, credit cards, online banking and money transfer services. The bank operates in Bangladesh having its headquarter in Gulshan, Dhaka. UCBL has its firm commitment towards the society for the economic development of the country. Their position is 6th among the 52 banks which include 10 specialized banks, 9 foreign banks and 30 private banks. So the bank has already become a significant part of our economy by serving its clients through their personalized service, innovative practices, dynamic approach and efficient Management. At present, UCBL is aiming to play a leading role in the economic activities of the country, planning to establish more sustainable business relations with large corporate groups and overcome all its deficiencies and give their competitors an edge. 1.1 History United Commercial Bank Limited (UCBL) is considered as one of the first generation bank of Bangladesh. It was incorporated on 26th June 1983 as a public company with limited liability under the Companies Act 1993. It obtained permission to start business from 26 June 1983 and started banking operations on 29th June 1983 with an authorized capital of Tk. 100 million divided into 1 million ordinary shares of Tk. 100 each. 1.2 Vision of the UCBL To hold the position of best private commercial Bank in Bangladesh with adherence to meticulous...

Words: 7110 - Pages: 29

Premium Essay

Taxation in Bangladesh

...reduction or elimination to businesses. Tax holidays are often used to reduce sales taxes by local governments, but they are also commonly used by governments in developing countries to help stimulate foreign investment. If, in the midst of sorting receipts and studying the latest changes in the US income tax laws, you suddenly wonder "What is the origin of this annual ritual in the weeks leading up to April 15th?" here are some places you can go for answers. The origin of the income tax on individuals is generally cited as the passage of the 16th Amendment, passed by Congress on July 2, 1909, and ratified February 3, 1913; however, its history actually goes back even further. During the Civil War Congress passed the Revenue Act of 1861 which included a tax on personal incomes to help pay war expenses. The tax was repealed ten years later. However, in 1894 Congress enacted a flat rate Federal income tax, which was ruled unconstitutional the following year by the U.S. Supreme Court because it was a direct tax not apportioned according to the population of each state. The 16th amendment, ratified in 1913, removed this objection by allowing the Federal government to tax the income of individuals without regard to the population of each...

Words: 4636 - Pages: 19

Premium Essay

Financial Performance Analysis

...theoretical knowledge will be little important unless it is applicable in the practical life. So we need proper important unless it is applicable in the practical life. So we need proper application of our knowledge to get some benefit from our theoretical knowledge to make it more fruitful. When we engage ourselves in such field to make proper use of our knowledge in our practical life only, then we come to know about the benefit of the theoretical knowledge. This report is on a study of the General Banking” of Shahjalal Islami Bank Ltd.  Uttara Branch. Sahajalal Islami Bank Limited is a private commercial bank, which is 6th Islamic Shariah based bank in Bangladesh. The Bank started its operation on 10th May 2001, during this period it could improve its image in the society as an Islamic Bank. Now it has 26 branches in Bangladesh. All branches are situated in the highly demanded areas. As a new bank, Shahjalal Islami Bank Limited has been competing with other private banks where all the banks are adopting different incentive programs to attract the customers. Accordingly, SJIBL is offering different type of deposit scheme bearing highest rate of return. Mudarabah Deposit Scheme, Monthly income scheme and Millionaire scheme, Double Benefit Scheme are the most popular offers that are completely new innovation in the banking sector and widely accepted by the clients. With crumble down of the world economy caused by nine eleven attack. It is observed that the competition becomes intensive...

Words: 13491 - Pages: 54

Premium Essay

International Events

...approved amendments to tax treaties with other countries, including India. This makes easier access for India, to collect information about the illegal funds held by the Indian nationals in Swiss private banks. The Swiss parliament endorsed amendments to double-taxation agreements (DTAAs) in line with internationally applicable standards. The beneficiaries from the new amendments include India, Germany, Canada, Japan, the Netherlands, Greece, Turkey, Uruguay, Kazakhstan, and Poland. French Nationals to Sue Sarkozy over Crimes in Libya Two French lawyers have said that they are planning to sue French President Nicolas Sarkozy against the Humanity crimes over the military campaign in Libya that was led by NATO. Jacques Verges and Roland Dumas two of the French lawyers have decided to represent the families of the victims during the military campaign. Constitution (15th Amendment) Bill, 2011 passed in Bangladesh The Parliament of Bangladesh, the Jatiyo Sangsad, passed the Constitution (15th Amendment) Bill, 2011 on 30 June 2011 to amend its constitution under which the caretaker government system for holding general elections was scrapped. The bill which contained 15 proposals was passed by division vote with a majority of 291-1. However, amendments moved by ruling alliance opposing Islam as the state religion and religion-based politics were rejected. Islam has been retained as the state religion alongwith Bismillahi-Ar-Rahman- Ar-Rahim.The Constitutional amendments incorporate...

Words: 7592 - Pages: 31

Premium Essay

Payment Method

...goods being shipped. This is the most secure method of payment for the exporters and consequently the least attractive for importers. On the other hand, open account is the least secure method of payment for the exporters. But it is the most attractive method for the importers. Documentary collection is more secure method for an exporter than open account trading, as the exporter’s documents are sent from the exporter’s bank to the importer’s bank. However, among all the mentioned methods, documentary credit method distributes risks in most balanced way in which both importers and exporters are almost equally protected. Letter of Credit (L/C) or the Documentary Letter of Credit is the most popular international trade payment method in Bangladesh, which covers the issues like potential risk that the parties in international trade namely the importers and exporters wish to face or share between them. Choudhury and Habib (2006) noted that Documentary Credit method distributes risks in most balanced way in which both exporters and importers are almost equally protected. They indicated the Documentary Credit process as “the life blood of international commerce” that is governed by a widely recognized and popular guiding framework of...

Words: 17822 - Pages: 72