The premier joined the meeting virtually from her official residence
Ganabhaban, while her cabinet colleagues were present at the meeting room of the cabinet division at Bangladesh secretariat.

Cabinet secretary Khandker Anwarul Islam briefed the reporters after the
meeting at the secretariat.

He said, "We think this move will have a direct impact on the market."

Earlier on Sunday, an inter-ministerial meeting at the secretariat took
different decisions regarding the prices of daily essential commodities.

At that meeting, it was also decided to reduce the value added tax (VAT)/duty on daily essential commodities including edible oil, sugar.

Another decision was also taken to form a task force in the next couple of
days so that unscrupulous traders could not grasp any undue opportunity by increasing the prices of daily essentials.

The cabinet secretary said, "The prime minister has agreed with the issues
(decided on Sunday) and given very strong instruction."

He said VAT on edible oil has been waived at the retail level, and the law
minister already signed the SRO.

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