Sluggish macroeconomic scenario
The recent media report said that the prevailing economy has faced a number of new challenges i.e. hefty borrowing from the banking system by the government, fall in export receipts, continued pick-up in inflation rate, declining import of raw materials, soaring non-performing loans in the banking sector, slow collection of revenues and poor private sector credit growth in the year 2019. The capital market also passed another bad year, in terms of market capitalisation, turnover and investors’ confidence.
Macroeconomic policy says, if the government borrowing (i.e. called government investment) increases, then money supply of the banking sector reduces which automatically bring down the private investment scope and it is called “crowding out effect” in Economics. Government is implementing several mega projects ignoring the priority of private sector investment. As a result, lower banking channel credit growth slows down the export and import volume as working capital is required for manufacturing industry to boost up the same and timely lack of working capital hits the non-performing loans. However, slower export and import growth sluggish the government poor revenue collection as government earns a good amount of duties from these sectors. Each of the economic indicators is interrelated and dependent on each other and the above indicators are not helpful for sound economic growth at all. The economists are persistently criticising in different forums that crowding out effects are prevailing in our economy during the last few years.
The Bangladesh Institute of Bank Management (BIBM) disclosed in a seminar that savings certificates (government borrowing instruments) become a headache of bank deposit as astronomical sales of national savings certificates become a grave concern for policymakers and bankers, as their high interest means the government’s interest burden is soaring and banks are being deprived of deposits. So, containing higher NSCs rate to attract more government fund deployment is basically a controversial policy of the government.
To gain the healthy GDP growth rate, increase in broad money and other indicators are playing an important role in economic transformation of Bangladesh,
So we urged the government to curtail the high borrowing policy to boom up the macroeconomic indicators positively.
The recent media report said that the prevailing economy has faced a number of new challenges i.e. hefty borrowing from the banking system by the government, fall in export receipts, continued pick-up in inflation rate, declining import of raw materials, soaring non-performing loans in the banking sector, slow collection of revenues and poor private sector credit growth in the year 2019. The capital market also passed another bad year, in terms of market capitalisation, turnover and investors’ confidence.
Macroeconomic policy says, if the government borrowing (i.e. called government investment) increases, then money supply of the banking sector reduces which automatically bring down the private investment scope and it is called “crowding out effect” in Economics. Government is implementing several mega projects ignoring the priority of private sector investment. As a result, lower banking channel credit growth slows down the export and import volume as working capital is required for manufacturing industry to boost up the same and timely lack of working capital hits the non-performing loans. However, slower export and import growth sluggish the government poor revenue collection as government earns a good amount of duties from these sectors. Each of the economic indicators is interrelated and dependent on each other and the above indicators are not helpful for sound economic growth at all. The economists are persistently criticising in different forums that crowding out effects are prevailing in our economy during the last few years.
The Bangladesh Institute of Bank Management (BIBM) disclosed in a seminar that savings certificates (government borrowing instruments) become a headache of bank deposit as astronomical sales of national savings certificates become a grave concern for policymakers and bankers, as their high interest means the government’s interest burden is soaring and banks are being deprived of deposits. So, containing higher NSCs rate to attract more government fund deployment is basically a controversial policy of the government.
To gain the healthy GDP growth rate, increase in broad money and other indicators are playing an important role in economic transformation of Bangladesh,
So we urged the government to curtail the high borrowing policy to boom up the macroeconomic indicators positively.
Md. Zillur Rahaman
Satish Sarker Road
Gandaria, Dhaka
Where there is hope, there is disappointment
Our life is full of hope and disappointment. No one can be completely successful in the world without hope and disappointment. Hope and disappointment are such a word which is related with human life to make them happy or unhappy. We know well that hope keeps people alive and disappointment takes men to dead. If we want to have something in the world, we have to stay on hope. We have an aim to be doctor, teacher, BCS Cader and police but for gaining that profession, we usually have to keep disappointment in ourselves and those who have patience to go forward with disappointment, uncertainly they will be successful in their attempts.
When we do the work with full of hope and hope becomes hopeless that time we keep thinking ” the work ever will not be done by me”. So, this one is very dangerous for us. We have to change our mentality from today and have to believe in ourselves. In the present world, nothing is easy when we are lazy; everything is easy when we are crazy. Example, ”you are a cricket player and you are crazy to play cricket in the green filed but some of your friends request you to play football that time you accepted their request to maintain formality but you know that you are not excited to enjoy the football game. That’s why you will not perform well in the field. On the other hand, if you are crazy to play football, you could perform well in the field.”
Few days back, I began to write down an article for my first time with full of eagerness and sent my write up to various national newspapers but my article did not publish any newspaper. Being upset, I could stop my writing down but I did not stop writing and keep asking myself ” there is nothing to give up, next time will be published.” I was going on to write up like before and did not think to never say die for a once. There is a word, ”if you fail for once time, try to be success for next time”.
In the world, if we get something good for our betterment, we have to face much obstacle and where there is much obstacle, there is much happiness. Moreover, the person who suffers disappointment easily, the person will not be able to require successful. In the contest world, those who have much patience, they will touch easily in their achievement.
To sum up, hope and disappointment are very close to us and we should keep both hope and disappointment in ourselves, because hope is motionless without disappointment. As long as we will be able to keep both things, we will not be able to touch successful for once time.
Jabedur Rahman
Student
Department of English Literature
Nabiganj Govt College
Our life is full of hope and disappointment. No one can be completely successful in the world without hope and disappointment. Hope and disappointment are such a word which is related with human life to make them happy or unhappy. We know well that hope keeps people alive and disappointment takes men to dead. If we want to have something in the world, we have to stay on hope. We have an aim to be doctor, teacher, BCS Cader and police but for gaining that profession, we usually have to keep disappointment in ourselves and those who have patience to go forward with disappointment, uncertainly they will be successful in their attempts.
When we do the work with full of hope and hope becomes hopeless that time we keep thinking ” the work ever will not be done by me”. So, this one is very dangerous for us. We have to change our mentality from today and have to believe in ourselves. In the present world, nothing is easy when we are lazy; everything is easy when we are crazy. Example, ”you are a cricket player and you are crazy to play cricket in the green filed but some of your friends request you to play football that time you accepted their request to maintain formality but you know that you are not excited to enjoy the football game. That’s why you will not perform well in the field. On the other hand, if you are crazy to play football, you could perform well in the field.”
Few days back, I began to write down an article for my first time with full of eagerness and sent my write up to various national newspapers but my article did not publish any newspaper. Being upset, I could stop my writing down but I did not stop writing and keep asking myself ” there is nothing to give up, next time will be published.” I was going on to write up like before and did not think to never say die for a once. There is a word, ”if you fail for once time, try to be success for next time”.
In the world, if we get something good for our betterment, we have to face much obstacle and where there is much obstacle, there is much happiness. Moreover, the person who suffers disappointment easily, the person will not be able to require successful. In the contest world, those who have much patience, they will touch easily in their achievement.
To sum up, hope and disappointment are very close to us and we should keep both hope and disappointment in ourselves, because hope is motionless without disappointment. As long as we will be able to keep both things, we will not be able to touch successful for once time.
Jabedur Rahman
Student
Department of English Literature
Nabiganj Govt College
A New Source of Natural Fiber in Bangladesh
Horizon of diversified uses of natural fibers is in increasing trends due to their eco-friendly, biodegradable, re-cyclic and reusable characteristics properties. Recently different studies have been undertaken to find out new sources of nonconventional natural fiber. Sansevieria trifasciata is a long leafy wild plants, 70 species of them are available. They are native to India, Indonesia and Africa. It is evergreen and perennial. Its leaves grow vertically from basal rosette. Leaves arestiff sword shaped. Matured leaves are deep green with light grey-green. Its leaves are thicken and fibers are laminated with green waxy membrane. Presently this plant is urbanized as a decorative garden plant for their air purification characteristic property and conversion of CO2 into O2 at night. Indigenously it is called in different names as “Mother-in- law’s tongue”, “Saint George’s sword”, “Snake plant” or “Bowstring hemp”in our locality it is called “Bhaghachokor” and it is widely found in different area of Bangladesh.
2kg matured green plants were collected from garden of Fokir Bari, Dewna, Kapasia, Gazipur. A proximate study on different physical and chemical properties along with composition and dye-ability of fibers were performed with standard laboratory condition in Textile Engineering Department, Primeasia University. Before that fibres were extracted from the leaves by chemi-Biochemi-Mechanical accelerated retting process developed in dying lab PAU.
This proximate study & analytical results indicate the possibility of using this lingo cellulosic fibre as textile fibre; woven, non-woven, knitted, blended, composite, pulp/paper, sources of alpha-cellulose , Microcrystalline cellulose, nanocellulose, cellulose derivatives & lignin based commercial products.
Horizon of diversified uses of natural fibers is in increasing trends due to their eco-friendly, biodegradable, re-cyclic and reusable characteristics properties. Recently different studies have been undertaken to find out new sources of nonconventional natural fiber. Sansevieria trifasciata is a long leafy wild plants, 70 species of them are available. They are native to India, Indonesia and Africa. It is evergreen and perennial. Its leaves grow vertically from basal rosette. Leaves arestiff sword shaped. Matured leaves are deep green with light grey-green. Its leaves are thicken and fibers are laminated with green waxy membrane. Presently this plant is urbanized as a decorative garden plant for their air purification characteristic property and conversion of CO2 into O2 at night. Indigenously it is called in different names as “Mother-in- law’s tongue”, “Saint George’s sword”, “Snake plant” or “Bowstring hemp”in our locality it is called “Bhaghachokor” and it is widely found in different area of Bangladesh.
2kg matured green plants were collected from garden of Fokir Bari, Dewna, Kapasia, Gazipur. A proximate study on different physical and chemical properties along with composition and dye-ability of fibers were performed with standard laboratory condition in Textile Engineering Department, Primeasia University. Before that fibres were extracted from the leaves by chemi-Biochemi-Mechanical accelerated retting process developed in dying lab PAU.
This proximate study & analytical results indicate the possibility of using this lingo cellulosic fibre as textile fibre; woven, non-woven, knitted, blended, composite, pulp/paper, sources of alpha-cellulose , Microcrystalline cellulose, nanocellulose, cellulose derivatives & lignin based commercial products.
Prof. Dr. A.B.M Abdullah
Chairman DSK
Textile Engineering Department
Primeasia Univertsity
Banani, Dhaka-1213
Gothia Cup and my experience
Scholastica was the lone flag carrier of Bangladesh in the Youth World Cup Football Tournament held in Gothenburg, Sweden recently. Fortunately, I received the opportunity to visit the magnificent country being a part of my school football team. A team of 16 players were selected from our school, Scholastica, to participate in the world renowned football tournament, The Gothia Cup in Sweden. Over 1700 teams from 90 different countries took part in this prestigious tournament held in Gothenburg. This tournament acts as a medium itself and provides a stage for young players and teams to shine out and show their potential. The tournament ended recently.
After 6 hours of tireless journey we finally have reached our destination at Angasskolan where we resided in a school dorm. As we all were extremely fatigued the road trip scenery was missed out. But in reaching the dormitory we felt relieved and a sudden spark of energy rushed through all of us. Sweden, a country as beautiful as heard in the tales, we were completely appalled and mesmerized with the alluring views and all of a sudden all our vexation and exasperation turned into contentment and glee. Getting inside the dormitory we received the news that all of the 18 people of team Bangladesh would be staying in one single room.
We were provided with mattresses, pillows and bed sheets which we then had to organize on our own. After setting up the room we all headed out to wallow in the heavenliness of the area. Although I would definitely like to add further that Sweden is an extremely cold country. The breeze is colder than an average air-conditioner and it feels like you are put inside a refrigerator and locked in. Sometimes the breeze feels worthwhile and sometimes it feels like staying inside and not getting out of the blanket.
Scholastica was the lone flag carrier of Bangladesh in the Youth World Cup Football Tournament held in Gothenburg, Sweden recently. Fortunately, I received the opportunity to visit the magnificent country being a part of my school football team. A team of 16 players were selected from our school, Scholastica, to participate in the world renowned football tournament, The Gothia Cup in Sweden. Over 1700 teams from 90 different countries took part in this prestigious tournament held in Gothenburg. This tournament acts as a medium itself and provides a stage for young players and teams to shine out and show their potential. The tournament ended recently.
After 6 hours of tireless journey we finally have reached our destination at Angasskolan where we resided in a school dorm. As we all were extremely fatigued the road trip scenery was missed out. But in reaching the dormitory we felt relieved and a sudden spark of energy rushed through all of us. Sweden, a country as beautiful as heard in the tales, we were completely appalled and mesmerized with the alluring views and all of a sudden all our vexation and exasperation turned into contentment and glee. Getting inside the dormitory we received the news that all of the 18 people of team Bangladesh would be staying in one single room.
We were provided with mattresses, pillows and bed sheets which we then had to organize on our own. After setting up the room we all headed out to wallow in the heavenliness of the area. Although I would definitely like to add further that Sweden is an extremely cold country. The breeze is colder than an average air-conditioner and it feels like you are put inside a refrigerator and locked in. Sometimes the breeze feels worthwhile and sometimes it feels like staying inside and not getting out of the blanket.
Sadwaan Rabb Majumder
A Scholastician, now Studying at UWC Atlantic College
Wales, UK
For global development
This is the proper time for the president, prime minister, finance, agriculture, fisheries & livestock, industries & commerce ministers, central bank governor, chamber & association leaders, bankers & actuaries, to draw & execute plans in the 193 member states of UN to develop their own countries, to stop ethnic cleansing, set-up irrigation schemes & plantation, dairy farms & orchards, water treatment plants & reservoirs, tank terminals & oil depots, power plants, textile, pharmaceutical & food processing units, construction firms, bus & train stations, roads & railways, flyovers & highways, housing projects, educational institutions, hospitals & clinics, hotels & restaurants, satellite earth stations, IT & recreational parks, stadiums, shopping malls & community halls, garbage & pollution removers, airports, seaports, cantonments, bases, border posts, police stations, security printing press, election commission, public service commission, comptroller and auditor general, anti-corruption commission, parliament, supreme court, print and electronic media, central, divisional & district secretariat; so that all the countries of the world in twenty-first century becomes hubs of economic activities.
Golam Ashraf
Gulshan-1, Dhaka-1212
This is the proper time for the president, prime minister, finance, agriculture, fisheries & livestock, industries & commerce ministers, central bank governor, chamber & association leaders, bankers & actuaries, to draw & execute plans in the 193 member states of UN to develop their own countries, to stop ethnic cleansing, set-up irrigation schemes & plantation, dairy farms & orchards, water treatment plants & reservoirs, tank terminals & oil depots, power plants, textile, pharmaceutical & food processing units, construction firms, bus & train stations, roads & railways, flyovers & highways, housing projects, educational institutions, hospitals & clinics, hotels & restaurants, satellite earth stations, IT & recreational parks, stadiums, shopping malls & community halls, garbage & pollution removers, airports, seaports, cantonments, bases, border posts, police stations, security printing press, election commission, public service commission, comptroller and auditor general, anti-corruption commission, parliament, supreme court, print and electronic media, central, divisional & district secretariat; so that all the countries of the world in twenty-first century becomes hubs of economic activities.
Golam Ashraf
Gulshan-1, Dhaka-1212
Persecution Hypothesis In India’s Citizenship Law
The whole superstructure of the India’s citizenship amendment bill, now enacted, is erected on a false basis. It is claimed that religious minorities in Pakistan, Bangladesh (also in Afghanistan) face discrimination. India’s Union Home Minister Amit Shah claimed non-Muslims comprised 23 percent of Pakistan’s population at the time of independence. By 2011, their proportion dropped to 3.7 percent.
Concerning Bangladesh, he claimed that Muslims comprised 22 percent of the population and their proportion in 2011 fell to 7.8 percent in 1947. He probably picked up the figure from co-authored Farahnaz Ispahani and Nina Shea’s article Thwarting Religious Cleansing in the Muslim World. The authors postulate, ‘The percentages of Pakistan’s Ahmadi, Christian, Parsi, and Hindu communities have all plummeted over the past 30 years, with non-Muslims declining from 5 percent of the total population to just 3.5 percent. If Shiite Muslims are taken into account, the number of those emigrating from Sunni-majority Pakistan as a result of religious persecution is even greater’.
Naz expressed similar views in her another Hudson-Institute article titled ‘Cleansing Pakistan of Minorities’ published in 2013. Be it marked please that Naz is married to Husain Haqqani, a senior fellow, and director for South and Central Asia at Hudson Institute. After resigning as Pakistan’s ambassador to the USA, Haqqani kept participating in functions, particularly those held in India, that portray Pakistan in poor light. A judicial commission’s report (Memo Gate) alleged that he was not loyal to Pakistan.
In an investigative report India Today (Dec. 12, 2019) exposed ruling Bharatya Janata Party’s fallacy. Using past Censuses, it pointed out the BJP misquoted figures. It used the 23 percent figure of non-Muslims in Bangladesh (erstwhile East Pakistan) in 1951 and compared it with the 3.7 percent figure of non-Muslims in West Pakistan in 1998. This adulteration of figures led to the fallacy that the population share of non-Muslims fell from 23 percent to 3.7 percent in Pakistan.
The fact is that not only non-Muslims but also Muslims migrated from Bangladesh to India. Better economic opportunities in India were the dominant lure for both non-Muslims and Muslims alike. India Today proved that Census data showed that the share of non-Muslims in Pakistan remained 3.5 percent over the decades. There was no appreciable migration due to persecution.
Amjed Jaaved
Rawalpindi
Pakistan
