Economy

While world sugar prices tumble, domestic prices set to soar

September 1, 2015
M A Taslim
While world sugar prices tumble, domestic prices set to soar

The National Board of Revenue (NBR) massively increased the import tax on raw sugar from Tk 2,000 to Tk 7,000 per ton, and that on refined sugar from Tk 4,500 to Tk 10,500 on August 26, less than two months after the parliament had ratified the 2015-16 budget along with the import duty schedule. The...
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Posted in Economy, Trade | No Comments »

Democracy and Development

August 20, 2015
Anis Chowdhury
Democracy and Development

In recent times, the political discourse in Bangladesh has touched upon the question of democracy and development. It was triggered by comments from a Minister and a senior ruling party leader who said, “We believe in democracy, but not too much democracy,” and argued that this is good for development and progress. His comments attracted...
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Posted in Democracy, Development, Economy | 3 Comments »

Economic performance: Evaluation

August 18, 2015
Mo Chaudhury
Economic performance: Evaluation

That Bangladesh has recently been awarded the status of a Lower Middle Income (LMI) country by the World Bank (WB) is undoubtedly a great achievement of its valiant and hard-working people who have been historically tormented by the exploitative forces of political and economic aggression and devastated by exacting natural cataclysms. To attain the...
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Posted in Economy | 1 Comment »

Bengal in London: A new beginning

August 9, 2015
RAY
Bengal in London: A new beginning

LONDON (RAY) 5 Aug — A week ago, the mercurial Mamata Banerjee, chief minister of the eastern Indian state of West Bengal, was in London. Her visit was aimed at attracting British investment to her province, including its capital Kolkata, once the headquarters of British India and the second city (after London) of the...
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Posted in Economy, Politics | 2 Comments »

Economic performance: The basics

August 5, 2015
Mo Chaudhury
Economic performance: The basics

Once ridiculed as the “bottomless basket”, Bangladesh has recently been awarded the status of a lower middle income country by the World Bank (WB) as the Gross National Income (GNI) per capita of Bangladesh exceeded the $1,046 threshold. It is indeed a great moment of redemption and pride for the nation. However, it is...
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Posted in Economy | No Comments »

Bucking stagnation elsewhere, the quiet rise of South Asia

July 31, 2015
Ruchir Sharma
Bucking stagnation elsewhere, the quiet rise of South Asia

South Asia has long been seen as an economic laggard, but that could start changing. At a time when growth is falling sharply in most other emerging nations, as commodity prices collapse and global trade slows, South Asia has proved relatively resilient. Together, India, Bangladesh, Sri Lanka and Pakistan are now growing at an...
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Posted in Economy | 1 Comment »

Greek tragedy no longer a myth

July 6, 2015
A. Rahman
Greek tragedy no longer a myth

Greek tragedy may have evolved, as Aristotle put it, from the “song for the sacrifice of the goat”, depicting the ancient rites and myths of the 5th century BC. But now that mythical tragedy is taking on a whole new meaning. Greece might have invented democracy, produced the subtleties of logical deduction, and mastered the...
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Posted in Economy, International | No Comments »

Mr. Muhith’s budget: Spending out of the rut

June 29, 2015
M A Taslim
Mr. Muhith’s budget: Spending out of the rut

Mr. AMA Muhith has secured his place in history. For a seventh year in a row, the finance minister has performed the ritual of placing Bangladesh’s national budget – a feat no other predecessor of the octogenarian politician could achieve. During this long period he has raised the budget expenditure from BDT 1016 billion...
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Posted in Economy, Government | 5 Comments »

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