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Investor Presentaiton

Independent Review of RBD Bangladesh's Development Policy Recommendations ■ A new consumption basket should be formulated for calculating CPI inflation, based on rigorous research as regards consumer behaviour and expenditure patterns. All targets, projections, and plans in the monetary policy and the 8th Five Year Plan should be revised in accordance with this new consumption basket for CPI and new base year for inflation. The National Board of Revenue (NBR) should immediately consider removing the advance income tax (AIT), advance tax (AT) and regulatory duty (RD) on all imported essential food items. □ The role of the Bangladesh Competition Commission needs to be strengthened, particularly in the case of the essential consumer goods market. ➤ The Commission should develop a database, regularly monitor the dominant market players' operations, examine the market control and manipulation (if any), and take proper measures. The Bangladesh Competition Commission should adopt a strong stance against cartels and a zero tolerance policy towards collusive practices. The Competition Act 2012 should be revised to directly address monopolies and include specific anti-trust clauses, along with concrete penalties for violators. Efficient market management through close monitoring and supervision will be critical to keep the commodity prices under control. CPD (2022): State of the Bangladesh Economy in FY2021-22 (Third Reading) 55
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