KEEP ECONOMY IN FULL GEAR IN THE NAME OF
BANGLA DESH : TAJUDDIN

Statement issued on March 11, 1971

 

Mr. Tajuddin Ahmad, General-Secretary of the East Pakistan Awami League, in a statement last night said the "people's movement has attained unprecedented heights."

This, he said, had been possible "because every person in his own sphere has taken it as his sacred duty to implement, in spirit and in substance, all the directives of Banga Bandhu Sheikh Mujibur Rahman issued in the name of the people of Bangla Desh."

Mr. Tajuddin added: "The high sense of responsibility displayed by people in all walks of life is a source of inspiration to all. While the struggle must continue, we have to exert all our energies to maximise production and to keep our economy in full gear.

"We are determined to foil the conspiracy of the vested interests and the anti-people forces to destroy our economy and to inflict suffering on our hungry masses. In order to do so, our people must be prepared to give of their best in all spheres of production.

"They must at the same time be prepared to practise a high degree of austerity. All those engaged in economic activities must subject themselves to rigorous discipline in every respect for the victory of the people's cause."

 

More Exemptions

 

He said keeping the above objectives in view the following further exemptions and clarifications are being issued:

Banks: In supersession of all previous exemptions and clarifications relating to banks it is provided as follows:

(1) Banks shall remain open for banking operations from 9 a.m. to 12 noon and for administrative purposes till 4 p.m. (with the usual recess periods)' But on Fridays and Saturdays banks shall remain open for banking operations from

9 a.m. to 11 a.m. and for administrative purposes till 12-30 p.m. Balancing of books and all usual working practices shall be observed in respect of permittep transactions.

 

(2) Banks shall carry on their operations including receiving deposits of any amount, inter-bank clearances without any limit within Bangla Desh and inter-bank transfers within Bangla Desh and drawings by T.T. or mail transfers within East Pakistan subject to the following restrictions:

 

(i) Payments of wages and salaries provided all pay bills duly certified by a representative of the workers organisation concerned or the wage register is presented along with he cheque.

 

(ii) Bona fide personal drawings of put Rs. 1,000 in a week.

 

(iii) Payment for purchases of industrial raw materials including sugarcane for sugar mills, jute for jute mills, etc.

 

The statement said payment up to a limit of Rs. 10,000 in a week for a bona fide commercial purpose, including purchase of all commodities was required by consumers in Bangla Desh. This amount may be drawn in cash or by cash draft. But before making payments the bank shall satisfy itself from past records that the drawer is a bona fide industrial or commercial organisation or trader and the amount being drawn is not in excess of his normal average drawings in a week during the past one year.

 

(3) The crossed cheques and crossed demand drafts may by issued and deposited in any account within Bangla Desh.

 

(4) Teleprinter service operated by the banking system within Bangla Desh shall resume operation.

 

(5) The National Bank of Pakistan shall continue its entire discounting function throughout Bangla Desh in order to enable other banks to meet their demands.

 

(6) Foreign travellers cheques may be encashed by any authorised dealer.

 

(7) Diplomats may freely operate their accounts and foreign nationals may operate their foreign exchange accounts.

(8) There shall be no operation of lockers.

 

(9) No remittances shall be effected outside Bangla Desh either through the State Bank or otherwise.

 

He said the State Bank shall observe the same banking and office hours as other banks and shall remain open for the purpose of taking all necessary steps for the smooth functioning of the banking system in Bangla Desh within the framework of the restrictions defined above.

Farm Activities I11 "P" forms may be sanctioned.

 

Agricultural activities: Procurement, movement and distribution of paddy and jute seeds, fertilizers and pesticide shall continue and agricultural farms and the rice research institute and all its projects shall function.

(2) Movement, distribution, fielding and operation of power pumps and other mechanised implements and equipments along with the necessary supply of oil, fuel, tools and plants shall continue.

(3) Sinking and operation of tube-well and their irrigation systems including canal operation shall continue.

(4) Operation of agricultural credit by the East Pakistan Co-operative Bank, central co-operative banks and their affiliated agencies and the Thana Central Co­operative Association shall continue.

(5) Distribution of interest free loan in the cyclone-affected areas and other essential items to farmers by the Agricultural Development Bank of Pakistan and other banks shall be effected.

Flood control and town protection: The execution of flood control, town protection and water development works of EPWAPDA and other agencies in­cluding operation and repair of dredgers and mechanical equipment and move­ment of materials and connected urgent works may be carried on.

 

Ports including inland ports, port authorities in all respects including pilotage: Only such sections of office of the port authorities shall function as are necessary for smooth handling of incoming and outgoing ships except that no co-operation shall be extended for mobilisation of forces or for materials which may be utilised for repression against the people.

 

EPIDC functions: All EPIDC factories shall function and shall endeavour to maximise production sections of EPIDC required for financing and purchases necessary for running the factories shall function.

 

Relief and rehabilitation shall function, day labourers engaged in development work shall continue to receive payments due to them for work done.

 

Payment of wages: Employees and some of Government and semi-Govern­ment institutions who are paid on a daily, weekly or fortnightly basis shall be paid their wages and salaries as and when it becomes due. Flood relief advances already sanctioned and arrear of salaries shall be paid to all Government, semi­Government employees. Necessary sections in the Government or semi-Govern­ment offices concerned shall function for the purpose of disbursing salaries.

 

Primary school teachers shall be given timely payment of their salaries and necessary sections of offices shall have a skeleton staff for clearance of pay bills and for the purpose of the transactions authorised by the directives issued today and previously. Jailers, jail warders and jail office shall function. Ansars shall continue to discharge their duties. Electricity and water supply section necessary for repair and maintenance shall function. All insurance companies shall function.

 

 

Source: Bangladesh Documents, vol-I, p.228-230