Dhaka, Aug. 17 -- The Cabinet on Monday cleared the draft of a law to abolish the Rapid Action Battalion (RAB) and establish a new specialised unit, the Special Response Battalion (SRB), under Bangladesh Police, while also approving a shift in the country's fiscal year from July-June to April-March from FY2028-29.

The decisions were taken at a Cabinet meeting chaired by Prime Minister Tarique Rahman at the Secretariat.

The draft of the Special Response Battalion (SRB) Act, 2026 was approved in principle and also given final approval subject to vetting by the Legislative and Parliamentary Affairs Division, according to a Cabinet Division press release.

According to the draft law placed by the Ministry of Home Affairs, the existing RAB w...