The cabinet in another decision has constituted a five-member cabinet committee headed by the Cultural Affairs Minister for reviewing the report of the Ninth Wage Board submitted to the government proposing new structure for salary and other benefits for journalists and employees working in newspapers and news agencies.

Ministers for industries, home, information and labour are members of the committee while the information ministry would provide secretariat support in this regard, the cabinet secretary said.

“The committee has been asked to submit report immediately as there is an obligation to publish the gazette of the award by January 28, 2019, the cabinet secretary said adding that the ninth wage board award for journalists would be declared after review of the cabinet committee.

Today’s cabinet meeting also approved the drafts of the Bima Corporation Act, 2018, the Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University Act, 2018, the International Mother Language Institute (amendment) Act, 2018 and the draft for amendment to the Chittagong Hill Tracts (Land Acquisition) Regulation, 1958.

The Bima Corporation Act, 2018 would replace the previous act framed in 1973. The new law proposed for elevating amount of the authorized and paid up capital of both Jiban Bima Corporation and Sadharan Bima Corporation.

Under the new law the authorized capital of the Jiban Bima Corporation would be Taka Taka 300 crore and paid up capital Taka 30 crore. Authorized capital for Sadharan Bima would be Taka 500 crore and paid up capital Taka 125 crore.

At the time of inception, authorized capital of the each of the state-run insurance corporations was Taka 20 crore.

According to the new law the Board of Directors the corporations would have ten members representing experts of different professions instead of existing seven.

The International Mother Language Institute (Amendment) Act, 2018 would redesign the organogram of the institute through appointing a ‘Director’ as its chief instead of a ‘Director General’.

As a B-category organization of UNESCO headed by a Director General the chief of the Mother Language Institute cannot hold a position with the same name, requiring amendment to the institute’s law.

According to the amendment, the Mother Language Institute will be headed by a Director instead of a ‘Director General’ and its additional director generals would hold the positions of ‘additional directors’.

Under the new law the institute would have a six-member managing committee instead of existing 22 members according to the UNESCO rules.

Following the amendment to the Chittagong Hill Tracts (Land Acquisition) Regulation, 1958, the CHT people would get 200 percent compensation for acquisition of their land for government purpose and 300 percent compensation for acquisition of land for any private purpose.

At the beginning of the meeting, the Cabinet congratulated Bangladesh National Cricket Team for their test match victory against visiting West Indies.

The cabinet also expressed profound condolence at the death of Taramon Bibi, country’s lone gallantry award ‘Bir Pratik’ recipient female freedom fighter.

Information Minister Hasanul Huq Inu handed over the copy of a compilation of the speeches delivered by Prime Minister Sheikh Hasina in different sessions of the 10th parliament, the cabinet secretary said.