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Budget implementation in a quagmire: Message for FY 17

Mirza Azizul Islam | 2016-05-06 00:00:00

Media reports indicate that the Finance Minister is once again going to propose an ambitious budget for the Fiscal Year 2016-17 (FY 17). I have genuine sympathy for the Finance Minister's desire. The reason is that central government expenditure as...

BPC averts account freeze on VAT payment pledge

Doulot Akter Mala | 2016-05-05 00:00:00

On a pledge to pay Tk 8.49 billion out of the default tax, four companies under Bangladesh Petroleum Corporation (BPC) averted a move by government's revenue authority to freeze their accounts.      Officials said the BPC authorities agreed Wednesday to pay...

Four-year-old Einstein dreams to get into Harvard at the age of ten

Rashidul Bari from New York | 2016-05-05 00:00:00

Meet Soborno Isaac Bari, known as "4-Year-Old Einstein," who has a very strange dream: He wants to get into Harvard at the age of 10, via the SAT.  Of course, the SAT can't determine whether he's truly ready for college-level...

Financial discipline imperative for banking sector

Sarwar Md. Saifullah Khaled | 2016-05-05 00:00:00

The recent incident of fund heist from Bangladesh Bank account with US Federal Reserve Bank has become a matter of growing concern. What is being termed as "treasury loot" through cyber-heist epitomizes the drainage of public money by means of...

Measuring the value of free

Charles Bean in London | 2016-05-05 00:00:00

Reliable economic statistics are a vital public good. They are essential to effective policymaking, business planning, and the electorate's ability to hold decision-makers to account. And yet the methods we use to measure our economies are becoming increasingly out of...

The relation between export orientation and productivity

Selim Raihan, Nafiz Ifteakhar and Mir Tanzim Nur Angkur | 2016-05-05 00:00:00

For long, empirical studies on the role of exports in promoting growth in general, and productivity in particular, used data at the country or industry level to test whether exports promote productivity growth or vice versa. However, a series of...

The other disincentives

Shamsul Huq Zahid | 2016-05-04 00:00:00

The Bangladesh Bank (BB) on April 27 last softened its stance on banks' compliance with capital market exposure limit in response to requests from a section of stakeholders.  The latter had expressed their fear that stock prices would plunge further...

Much ado about growth forecasts

M. A. Taslim | 2016-05-04 00:00:00

The statistical arm of the government, Bureau of Statistics (BBS), published national income accounts data for the current fiscal year at the beginning of the fourth quarter. The most discussed datum of the national accounts in the media is the...

Govt set to review status of 69 privatised mills

Rezaul Karim | 2016-05-04 00:00:00

The government is set to review the status of 69 privatised jute and textile mills as part of a move to bring them under its management again, officials said. The move to inspect the mills has been initiated following allegations...

Legal proceedings begin to freeze their bank accounts

Doulot Akter Mala | 2016-05-04 00:00:00

The National Board of Revenue (NBR) has started legal proceedings relating to the freezing of bank accounts of four companies under Bangladesh Petroleum Corporation (BPC) for non-payment of VAT arrears worth Tk 26.89 billion.    As a part of the process,...

Spread in bank interest rates widens further

Siddique Islam | 2016-05-04 00:00:00

The existing spread between interest rates in the country's banking sector widened further as the commercial banks cut interests on public deposits far deeper than on lending, bankers said. Such imbalance in rate adjustments, according to economists, is meant for...

Falling DSE turnover hits govt earnings

Babul Barman | 2016-05-04 00:00:00

The revenue earnings of the government from the Dhaka Stock Exchange (DSE) fell 8.0 per cent in the first 10 months in the current fiscal year (FY) compared to the same period of last FY, as the turnover was witnessing...

BD-Nepal secy-level meet to discuss MVA trade modalities

Munima Sultana | 2016-05-04 00:00:00

The commerce secretaries of Bangladesh and Nepal will meet in Dhaka on May 10 after three years to find out the trade modalities under the Motor Vehicle Agreement (MVA), signed by four south Asian nations. Official sources said the two-day...

Remittance inflow through private banks

Rokshana Alam | 2016-05-04 00:00:00

Remittance, one of the main drivers of the country's foreign currency reserve, showed a splendid performance in last decade. Foreign remittance sent by the Bangladeshi expatriates has positive impact on lowering unemployment, alleviating poverty and swelling up foreign exchange reserve....

Growth is good, quality compromised

Asjadul Kibria | 2016-05-04 00:00:00

The ongoing debate on the growth rate of current fiscal year is a part of regular policy debate in the country. The Bangladesh Bureau of Statistics (BBS) released primary estimation of growth in the first week of April. This sparked...

On the road to reform

Muhammad Abdul Mazid | 2016-05-04 00:00:00

Reform, as it generally goes, is the improvement or amendment of existing  erroneous, irregular, corrupt and unbearable laws, rules and procedures which are archaic in nature  and non-implementable. Reform may not necessarily be equated with revolution as the latter means...

IFC, GIZ for tax-free solar lanterns

Syful Islam | 2016-05-03 00:00:00

Two global lenders have requested the government to offer tax-free regime for import of solar-powered lanterns to help lighten the country's vast rural areas still out of national power grid, officials said. The International Finance Corporation (IFC) and the German...

Technology transfer for economic development

M Jalal Hussain | 2016-05-03 00:00:00

Technology and innovation in the fields of industry, trade and commerce have made a significant headway in many developed and developing countries. Some have acquired state-of-the-art technologies either through research and development (R & D) or from other countries. Improving...

Where flows the water of the Teesta?

M. Serajul Islam | 2016-05-03 00:00:00

The news of an exclusive meeting in parliament between the Prime Minister and Begum Raushan Ershad was covered in the media as one held at the request of the latter. It has raised some eyebrows in political circles, particularly within...

Food availability and deprivation

Abdul Bayes | 2016-05-03 00:00:00

Literature is replete with causal connection between food availability and food security or food availability and nutritional improvement. It has long been presumed that availability leads to access to food and hence nutritional improvement and avoidance of famine. But the...

No national minimum wage

Talha Bin Habib | 2016-05-01 00:00:00

A national minimum wage structure still eludes Bangladesh's 60-million-strong workforce when the country observes the International Workers' Day or May Day today with the ritualistic vow to protect labour rights.    The government announced monthly minimum national wage for small and...

Conservation of the Sunderbans

Neil Ray | 2016-05-01 00:00:00

Not long ago the environment and forest minister, in reply to a question about the depleted number of the Royal Bengal Tigers in the Sunderbans, humorously stated that the tigers were paying a visit to the Indian part of the...

Education sector: The smartest investments

Bjorn Lomborg | 2016-05-01 00:00:00

It seems like a great idea: to improve education in Bangladesh, we should equip classrooms with computers, moving the next generation to the cutting edge of knowledge. But while such an idea is alluring and has gotten wide traction around...

Indo-BD bus services skid over visa vexation, hurdles

Munima Sultana | 2016-04-30 00:00:00

Two of the cross-border bus services between Bangladesh and India have been operative even almost a year after their much-orchestrated launch, for hurdles that include visa hassles and alleged inhospitality. Both sides have taken not of the problems, and the...

Frenzied selling drags down stocks

Babul Barman | 2016-04-30 00:00:00

The stock market suffered a heavy sell-off mainly on heavyweights in the past week, extending the losing spell for the third week in a row, as worried investors were on selling frenzy. Analysts said the market witnessed a major setback...

Three years after Rana Plaza disaster, has anything changed?

Mohammed Norul Alam Raju | 2016-04-30 00:00:00

Three years after the Rana Plaza disaster that killed 1,135 factory workers with more than 2,500 others injured, small steps have been made towards improving governance in garment factories, ensuring rights and safety of workers and following the rules and...

Toys are more than fun

Nilratan Halder | 2016-04-30 00:00:00

Gone are the days when a palm leaf whistle, a bamboo flute, a clay doll or a kite would have been sufficient to absorb a child's total attention. Today toys of many shapes and sizes capable of running, flying or...

The role of migration in the economy

Abdul Bayes | 2016-04-30 00:00:00

Even a decade back, migration was not considered to be as important a subject in academic or policy-related discussions as it appears today. But, over the recent past, we observe a growing interest in the subject - even providing a...

Roman Europe?

Anatole Kaletsky | 2016-04-30 00:00:00

As the European Union (EU) begins to disintegrate, who can provide the leadership to save it? German Chancellor Angela Merkel is widely credited with finally answering Henry Kissinger's famous question about the Western alliance: "What is the phone number for...

Towards a holistic approach to education

S. M. Rayhanul Islam | 2016-04-29 00:00:00

"Education breeds confidence. Confidence breeds hope. Hope breeds peace."  Confucius, Chinese philosopher (551-479 BC) There is no transformative force more powerful than education which can play a central role in promoting human rights and dignity, eradicating poverty and deepening sustainability,...