Bangladesh: Emerging Economic Tiger in South Asia
Md. Muzibur Rahman
Md. Muzibur Rahman
Bangladesh emerged as an independent state on December 16, 1971, to attain a self-reliant nation in the world. Budget presentations from 1972 to 2020, indicates that Bangladesh has been expanding its economy year after year. A short data is given below to understand the matter. The data shows that the budget of 1972-1973 was 786 crore taka whereas it was 5,23,190 crore taka in the 2019-2020 budget!
Table data of budget from 1972-73 to 2019-2020 financial year (consolidated)
FY 2019-2020. The budget estimation is 5,68,000 crore taka in the FY 2020-2021. It may further increase in the next financial year, i.e. in the FY 2021-2022. It indicates expansion of the economy. But the Covid-19 pandemic has affected Bangladesh economy much which started from March, 2020 till today, causing the death of more than 8,000 people in Bangladesh.
Farmers in North fear crop loss
Forced to spend extra money to save potato, Boro seedlings
Braving extreme cold temperatures, an elderly farm worker clears weeds in a crop field in Lalmonirhat. Photo: Collected Star Report Star Report
Potato and Boro farmers in the northern region of the country are fearing a huge loss this season due to adverse weather.
The bone-chilling cold, coupled with fog, imposes the risk of affecting seedlings. Besides, the production costs is skyrocketing for additional measures taken to cope with the weather, they said.
Habib Mohammad Ahasanur Rahman, a farmer of Shingia village in Thakurgaon Sadar upazila, said, Our production cost is skyrocketing as we have to use fungicide. Otherwise, the potato might be affected by blight disease.
999 – A Revolution in Bangladesh
Hasan Al-Mahmud
8 January, 2021 12:00 AM
This is the time when we are witnessing the blessing of technology where a large number of people have smartphones in their hands. The same people didn’t have any mobile in the immediate past. This is a huge change in a county that is about to be 50 years old within a few days. In this circumstance, if anyone plans to live in Bangladesh expecting a reliable tomorrow, the service of 999 would be great news for them.
This service has already become so popular in the country nowadays. Whenever someone falls into trouble, many people already know now that they need to dial 999 to get urgent feedback it s becoming a habit day by day. The reason people have started this wonderful practice is its effective benefit. A large number of people have already taken advantage of this blessing, and some already-happened remarkable examples indicate its future growth and success.
JS body forms 3 sub-committees to probe various irregularities in roads and highways sector Star Online Report Star Online Report
A parliamentary body today formed three separate sub-committees to investigate three different issues including finding out irregularities and corruption in realising toll from all bridges across the country including Dhaleswari River.
The parliamentary standing committee on Road Transport and Bridges Ministry and came up with the decision at its meeting at the Jatiya Sangsad Bhaban.
The parliamentary watchdog made Enamul Haque, a ruling Awami League MP from Rajshahi-4, the convener of two-member sub-committee to investigate irregularities in getting toll from all bridges in the country.
Abdur Rahim Harmachi, Chief Economics Correspondent, bdnews24.com
Published: 30 Dec 2020 02:22 PM BdST
Updated: 30 Dec 2020 02:29 PM BdST
For Bangladesh, 2020 began with plenty of cause for optimism against the backdrop of political stability coupled with a burgeoning economy. But a deadly virus, almost unheard of before the start of the year, quickly intensified into a full-blown pandemic that upended daily life in unprecedented ways. );
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The coronavirus pandemic brought the economy to its knees even before the first quarter of the fiscal year ended with numerous shutdowns and job losses painting a grim short-term outlook.
Although there have since been signs of a recovery in the final quarter, a second wave of the outbreak, which has already been trampling the country’s most important markets such as the US and Europe, still poses a grave threat. Bangladesh, therefore, is set to ring in the New Year with many of the same concerns from 2020.