No one seems to have complete control over the market. There is a competition commission, but no real competition exists. Consumer rights are neglected, and while laws are in place, they are not enforced. Inflation has presented a new reality for the country's fixed-income population, causing significant trouble for middle-class families who struggle to buy daily necessities. Inflation threatens Bangladesh, affecting both development and the normal lives of people.
The fact that some traders exploit festival times to hike prices is no secret. Market management in Bangladesh is disorganised, allowing a class of businessmen to compete in raising prices of daily commodities. Sometimes, prices are increased by creating artificial shortages. However, such manipulation can be prevented with strict market monitoring. It is also clear that without government intervention, it will be impossible to prevent rising prices.
The ruling Awami League's election manifesto prioritised keeping the prices of goods affordable to everyone. Following the formation of the new government, Prime Minister Sheikh Hasina instructed relevant ministries and departments to take steps to control commodity prices in the first cabinet meeting and secretariat session.
The challenges of everyday life for common people have now become prominent. The crucial question is whether there is a fair system to meet people's needs in our country. What should be done now? First and foremost, measures must be taken to curb inflation.
Planning is needed to support fixed-income individuals. While the government has sold goods through TCB trucks at various times, a group of people consistently monopolises these benefits. Therefore, a permanent system needs to be put in place for ensuring fair distribution and support for those in need.
Sahadat Hussain
Gulshan, Dhaka
Sahadat71!@gmail.com