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GDP: The Bangladesh narrative

Hasnat Abdul Hye | 2019-11-24 00:00:00

Once again annual forecast has been made by the Bangladesh Government and three multi-lateral institutions regarding the growth rate of Gross Domestic Product (GDP) well before the half-way mark of the current fiscal. Though it is possible to make such...

Island's 'virginity' at risk

Abdul MONAyEM KHAN | 2019-11-23 00:00:00

Sonadia Island, a nine-square kilometre small island in the Bay of Bengal, is likely to lose its 'virginity' as the authorities concerned are building an eco-tourism park there, according to local people and environmentalists.An island is called virgin when the...

India presses for acting fast on procedure

Syful Islam | 2019-11-23 00:00:00

India is pushing for finalising the standard operating procedure (SOP) of using the Chattogram and Mongla seaports for sending goods to its north-eastern states, officials have said.The big neighbour in a recent letter to the government of Bangladesh requested for...

Banks channel farm loans thru microfinance institutions

ISMAIL HOSSAIN | 2019-11-23 00:00:00

The share of bank loans to microfinance institutions (MFIs) has been on the rise for the straight eighth year, as the banks are required to meet their farm loan target.According to the Microcredit Regulatory Authority (MRA), the share of banks...

Major markets of woven fabric in Bangladesh

Helal Uddin Ahmed | 2019-11-23 00:00:00

Bangladesh is famous for its woven fabric worldwide, the tradition stretching back to over one thousand years. Previously, there were arrangements for selling the woven clothes locally through informal channels. Later their marketing has been consolidated through establishment of 'haats'...

Celebrating Hemanta -the dusky month

Nilratan Halder | 2019-11-23 00:00:00

On the Bangla calendar Jibananada's Hemanta has arrived more than a month ago. Blades of Aman paddy plants or grasses heralded the advent of this dusky season spreading, in its turn, a thin veil of gloom on human mind weeks...

An innovative approach

Md. Mahfuzur Rahman, Quamrul Ahsan, Anisul Haque, Munsur Rahman, Shampa and Shamal C. Das | 2019-11-23 00:00:00

For more than 55 years, ever since the first Water Resources Master Plan was formulated by IECO (1964), the policy makers and engineers have continued to seek more rigorous means of managing the water resources, floods and natural disasters in...

Evo Morales: Hero or villain?

Jan Lundius in Stockholm/Rome | 2019-11-23 00:00:00

To be president in a country like Bolivia might be like a precarious act performed by a tightrope-dancer between "the Devil and the deep blue sea". After 23 years as Bolivia's President, Evo Morales finally lost his foothold and ended...

Overcoming trouble and seeking social cooperation

Asjadul Kibria | 2019-11-23 00:00:00

Anguish and pain of a large number of people due to unexpected and undesirable trouble is growing day by day in this country. While trouble or danger is part of life, lack of tools to deal with it turns people...

Changing social norms and repayment culture

Abdul Bayes | 2019-11-23 00:00:00

S. R. Osmani, an eminent Professor of Development Economics at Ulster University, UK, published an interesting and insightful paper about changing social norms and the culture of repayment of credit in rural Bangladesh (The Bangladesh Development Studies, 2016, Numbers 3...

Black holes in the economy: Informal trade, informal revenue

Muhammad Abdul Mazid | 2019-11-23 00:00:00

The 49-year old Bangladesh economy has got two malignant tumors growing to engulf its successes as an economic hub in south Asia -- one in the area of border trade and the other in revenue realisation as well as public...

Onion import yet to cool local market

TALHA BIN HABIB | 2019-11-22 00:00:00

The prices of onion remained almost unchanged at their previous high level on Thursday despite arrival of imported consignments in the market, according to traders and consumers. Visits to some kitchen markets in the city revealed that onion of local...

Customs get teeth to tackle IPR violation

Doulot Akter Mala | 2019-11-22 00:00:00

The customs authorities are now empowered to halt the products imported or exported, violating the Intellectual Property Rights, or IPR.According to the provisions of new rules, customs officials will be able to halt the import and export of products and...

Involving students in research-based educational planning

S. M. Rayhanul Islam | 2019-11-22 00:00:00

Students are the central stakeholder in any education system. However, they are often excluded from the very conversations in educational planning that determine their lives and their futures. These conversations often happen around students and not with them. But, students...

Bypassing main beneficiary targets

Shamsul Huq Zahid | 2019-11-22 00:00:00

The Ministry of Food started this year's Aman rice procurement programme Wednesday last with food officials buying paddy in some areas where harvesting has already begun. The deputy commissioners of a number of districts inaugurated the routine seasonal drive amidst...

Punishment for pharmaceutical malpractices

Nilratan Halder | 2019-11-22 00:00:00

The High Court's observation to the effect that production, sale and storage of fake and adulterated medicines should be dealt with maximum punishment resonates with the sentiments of most people in the country. The remark was made at the time...

What next for unconventional monetary policies?

Stephen Grenville in Sydney, Australia | 2019-11-22 00:00:00

The Bank for International Settlements (BIS), the central bankers' club in Basel, Switzerland, recently conducted an in-depth evaluation of the unconventional monetary policies that have become the norm in many countries since the 2008 financial crisis. It should come as...

Moral hazard in financial sector

Hasnat Abdul Hye | 2019-11-22 00:00:00

An offender can be punished with a view to having a deterrent effect both for the person concern and for others, giving an example. But when a judge is lenient and hands down a token punishment for serious transgression, taking...

The changing face of India

Md. Matiul Islam | 2019-11-21 12:00:00

My visit to New Delhi with my family members from September 30 to October 10, 2019 for medical reasons coincided with the official visit of the Prime Minister Sheikh Hasina from October 03 to 06, 2019. During a dinner in...

Housing is a constitutional right

Helal Uddin Ahmed | 2019-11-21 00:00:00

Alongside provision of other basic needs like food, clothing, education and healthcare, shelter or housing is a constitutional right of Bangladeshi citizens. This is a fundamental obligation of the state, as enshrined in Article 15 of the Constitution. Also the...

Understanding China's economic miracle

Vladimir Popov in Berlin and Jomo Kwame Sundaram in Kuala Lumpur | 2019-11-21 00:00:00

Any balanced assessment of the so-called Chinese economic miracle will recognise that it was extremely successful, not only during the reform period from 1979, but also since Liberation in 1949 despite the setbacks of the Great Leap Forward and the...

Unrecorded cash transactions limit may be set at Tk 10,000

DOULOT AKTER MALA | 2019-11-20 00:00:00

The Anti-Corruption Commission (ACC) has proposed that the government set a cash transaction limit of Tk 10,000 in a bid to curb corruption through unrecorded transactions.The government might also make it mandatory for all transactions above that limit to be...

Salt soars for ‘no reason’

SAJIBUR RAHMAN and ABDUL MONAYEM KHAN | 2019-11-20 00:00:00

Salt prices suddenly soared both in wholesale and retail markets across the country on Tuesday, according to traders and consumers.Prices of different brands of packaged salt were selling at Tk 50-60 a kg at retail levels against Tk 35.A consumer...

The ocean in us: Ocean action for climate ambition

Cameron Diver in Noumea, New Caledonia | 2019-11-20 00:00:00

In just under a month, countries around the world will gather for UNFCCC COP 25 (United Nations Framework Convention on Climate Change Conference of Parties 25). The hashtag for this year's "Blue COP" is yet another reminder to us all...

Leveraging knowledge and leadership for sustainable development

Shafiq Alam from Brisbane, Australia | 2019-11-20 00:00:00

Once, hundreds of miles of power distribution line got installed in the country without adding a single megawatt of additional electricity. Now, there is more electricity than the gridline can carry with huge expenditure for capacity payment of often idle...

An appeal for Sudan's future

Ibrahim Elbadawi and Jeffrey D. Sachs in Khartoum, Sudan | 2019-11-20 00:00:00

On December 19, 2018, peaceful protests erupted spontaneously in cities across Sudan. Just four months later, the brave demonstrators succeeded in ousting the despotic regime of Omar al-Bashir, who had ruled the country for 30 years. Remarkably, it was Sudan's...

Non-life insurers must invest 7.5pc of assets in govt securities

Doulot Akter Mala | 2019-11-19 12:00:00

The government has made it mandatory for non-life insurance companies to invest at least 7.5 per cent of their assets in government securities.The government securities include short-term and long-term securities such as treasury bills and treasury bonds.At the same time,...

Human error behind latest train crashes

Munima Sultana | 2019-11-19 00:00:00

Human error was the key contributing factor in the two latest train accidents in the east and west zones of Bangladesh Railway, enquiry reports cited.The rail authorities have received two separate reports of divisional and departmental enquiry committees formed after...

FRB NY to give BB technical support

SIDDIQUE ISLAM | 2019-11-19 00:00:00

The Federal Reserve Bank (FRB) of New York has expressed willingness to provide technical assistances to the Bangladesh Bank (BB) for mitigating its operational risks.A four-member delegation, led by Michael Schetzel - head of international affairs and strategy of the...

Govt to waive airport bills on onion import

SYFUL ISLAM, REZAUL KARIM and TALHA BIN HABIB | 2019-11-19 00:00:00

The government has moved to waive various airport-related charges to help lower the import cost of much-talked-about onion, whose price has recently mounted amid short supply.The Ministry of Commerce (MoC) has taken the step following a meeting with the importers...