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Economics

How feasible is it to achieve an ambitious export target

Economics

by M A Khaleque

Fri, 24 May 24

How feasible is it to achieve an ambitious export target

The Cabinet Committee on Economic Affairs has given in-principle approval to the draft of the National Export Policy for a three-year term (fiscal years 2024-2025 to 2026-2027). This approved draft of the export policy is extremely significant by any measure. The policy mentions providing subsidies and special benefits in sectors such as electricity, water, and gas, as well as offering loans at comparatively low interest rates for the highest priority and special development sectors. However, these benefits will be provided in accordance with the guidelines of the World Trade Organization (WTO).

How feasible is it to achieve an ambitious export target
Role of civil society important for participatory budget: Deputy Speaker

Economics

by VB Desk

Wed, 22 May 24

Role of civil society important for participatory budget: Deputy Speaker

Overall wellbeing and economic progress of the citizens are tied with the efficiency and effectiveness of the National Budget making and implementation process. Thus, it is of critical importance to ensure effective participation of the elected representatives as well as the broader people in the budget process. And it is the Civil Society that must play a strong role to ensure to that end. Honorable Deputy Speaker of the twelfth National Parliament- Md. Shamsul Hoque Tuku said Wednesday ( 22 May), while speaking as the Chief Guest at the launching of Unnayan Shamannay’s ‘Amader Sangsad (Our Parliament)’ platform. This platform, jointly facilitated by Unnayan Shamannay and Bank Asia PLC intends to provide information and analysis services to honorable Parliamentarians and other stakeholders during upcoming Budget Session of the National Parliament.

deputy speaker

State and Politics

The reasons for tensions in Europe-China friendship
The reasons for tensions in Europe-China friendship

Diplomacy

The reasons for tensions in Europe-China friendship

Two years ago, the European Union (EU) announced a massive global investment plan worth 300 billion euros to counter China's growing influence worldwide. This plan, termed the "Global Gateway Scheme," was unveiled by European Commission President Ursula von der Leyen. The initiative is intended to serve as a genuine alternative to China’s Belt and Road Initiative (BRI), which has seen China invest heavily in various infrastructure projects, such as railways, roads, bridges, and ports, across numerous countries. However, there have been allegations that these countries are falling into a debt trap from which it is extremely difficult to escape.

Biden Netanyahu Relations and Its impact in Gaza war
Biden Netanyahu Relations and Its impact in Gaza war

Diplomacy

Biden Netanyahu Relations and Its impact in Gaza war

It is so complicated to describe the relations between US President Joe Biden and Israeli Prime Minister Benyamin Netanyahu. On 20 May, US President criticized the decision of ICC prosecutor to seek arrest warrants for top Israeli officials, including Prime Minister Benyamin Netanyahu, on war-crime charges while he was speaking at a Jews heritage event in the Rose Garden at the White House. “Let me be clear, we reject the ICC’s application for arrest warrants against Israeli leaders,” Biden said. “There is no equivalence between Israel and Hamas,” Biden added. He also declared that the Isreal’s military action in Gaza is not genocide. Does it mean, however, that President Biden supporting Netanyahu and his coalition government? Not at all. President Biden is just following the US principle to safe and support the nation Israel at any cost she needed. On the other part of the coin, Biden threatened to withhold arms supplies if Israel entered Rafah in southern Gaza, what Israeli Prime Minister Netanyahu clearly ignored.

Raisi’s Death: Questions, Concerns, Fears, and Conspiracy Theories!
Raisi’s Death

Diplomacy

Raisi’s Death: Questions, Concerns, Fears, and Conspiracy Theories!

The sudden death of Iranian President Ebrahim Raisi has raised many questions, concerns, conspiracies, and fears. Let’s just review what happened, and attempt to make some sense of the plethora of debates, and discourse that has risen since Raisi’s death.

Priyanka Gandhi versus BJP's Communal Politics
Priyanka Gandhi versus BJP's Communal Politics

Politics and Bureaucracy

Priyanka Gandhi versus BJP's Communal Politics

We, who have witnessed the assassination of Mrs. Indira and her son Rajiv Gandhi, could see another side of Rahul and Priyanka Gandhi as well as their political personalities. There's no discussion about Rahul Gandhi today. On some other day, there might be an extensive discussion about Rajiv, Sonia's son. Today, Priyanka would be remaining the focal point.

Joe Biden's electoral challenges and Donald Lu's visit to Dhaka
Joe Biden's electoral challenges and Donald Lu's visit to Dhaka

Politics and Bureaucracy

Joe Biden's electoral challenges and Donald Lu's visit to Dhaka

Joe Biden is currently facing a significant challenge: preventing a debacle in the upcoming election. In the past four decades, no U.S. president has been as unpopular during their tenure as Biden. His predecessor, Donald Trump, lost popularity while in office, but Biden has apparently become even more unpopular than Trump. Biden has lost considerable popularity not only globally but also among U.S. citizens, with protests erupting in various parts of the country as evidence.

Donald Lu's tone shift
Donald Lu's tone shift

Politics and Bureaucracy

Donald Lu's tone shift

To explain the current political situation in Bangladesh, two dates need to be considered. One is October 28 of the previous year, and the other is January 7 of the current year. The actual date is January 7. Bangladesh is not the same before and after the 12th National Parliamentary Election. Prior to the election, opposition parties led by the BNP had initiated a movement for the downfall of the government.

Industry

Why is Bangladesh fascinated in the renewable energy of the neighbor
Why is Bangladesh fascinated in the renewable energy of the neighbor

Power and Energy

Why is Bangladesh fascinated in the renewable energy of the neighbor

The price of solar photovoltaic panels has decreased to 11 cents per watt in the global market. Adding incidental costs for inverters and infrastructure brings the cost to 14 cents per watt. Without any additional expenses for land acquisition and management, Bangladesh is seeing the potential for renewable energy production through solar power. Bangladesh is seeking to import electricity generated from renewable sources like Nepal, Bhutan, and India. But why? So, is Bangladesh paying more attention to buying electricity produced by renewable energy from its neighbors? It is not unusual to ask such a question.

Why do we feel need to close shops at 8pm when load shedding increases?
Why do we feel need to close shops at 8pm when load shedding increases?

Power and Energy

Why do we feel need to close shops at 8pm when load shedding increases?

In China, with a population of 1.41 billion, it is mandatory to close shops and markets during the evening hours, which is strictly adhered to by everyone. Evening here refers to either 5 or 6 o'clock. Similar rules are followed in Europe and America as well. No transactions are allowed after evening hours, and shops must remain closed. Therefore, no industrialized country keeps markets open after evening. Then why can't we close shops at 8 PM? If shops close at 8 PM, the government has to intervene in a structured manner. When power distribution companies conduct campaigns, shops close at 8 PM. If the campaign stops, no one closes shops before 10 PM. On the other hand, the government only imposes restrictions on shop closure to increase load shedding.

International

Israel pounds Rafah defying ICJ ruling

Israel pounds Rafah defying ICJ ruling

Israel-attacks

Israeli forces stepped up military strikes on Gaza on Friday (May 24), with planes bombing targets in the southern city of Rafah even after the UN’s top court ordered Tel Aviv to halt its offensive there, Dawn reported.

ICJ ruling unlikely to alter Gaza situation

ICJ ruling unlikely to alter Gaza situation

ICJ ruling unlikely to alter Gaza situation

The International Court of Justice (ICJ) ruling on implementing the ceasefire in the Palestinian Gaza Strip will not alter the battlefield situation, said Mohammad Elmasry, a teacher at the Doha Institute for Graduate Studies.

Putin for ceasefire in Ukraine war

Putin for ceasefire in Ukraine war

Putin for ceasefire in Ukraine war

Russian President Vladimir Putin is ready to halt the war in Ukraine with a negotiated ceasefire that recognises the current battlefield lines, four Russian sources told Reuters, saying he is prepared to fight on if Kyiv and the West do not respond.

Special Content

Bangladesh's achievement at Cannes not less significant
Bangladesh's achievement at Cannes not less significant

Bangladesh's achievement at Cannes not less significant

The curtain of the 77th edition of the most prestigious 'Cannes Film Festival' is coming down on Saturday (May 25) night. The event is held for 12 days in May every year in the city of Cannes in the southeastern region of France on the coast of the Mediterranean Sea. Directors, producers, actors from different countries of the world participated in this festival. Bangladeshi-origin Irish model Maksuda Akhter Prioty has been participating at Cannes events regularly for the past few years. This year, she is spending busy time there like other years. In the midst of this busyness, Maria Salam, the news editor of Views Bangladesh, managed to speak with this model over the phone.

National

Economics

How feasible is it to achieve an ambitious export target
How feasible is it to achieve an ambitious export target

by M A Khaleque

Fri, 24 May 24

How feasible is it to achieve an ambitious export target

The Cabinet Committee on Economic Affairs has given in-principle approval to the draft of the National Export Policy for a three-year term (fiscal years 2024-2025 to 2026-2027). This approved draft of the export policy is extremely significant by any measure. The policy mentions providing subsidies and special benefits in sectors such as electricity, water, and gas, as well as offering loans at comparatively low interest rates for the highest priority and special development sectors. However, these benefits will be provided in accordance with the guidelines of the World Trade Organization (WTO).

Promotion

Tax exemption for IT sector till 2031 demanded

Tax exemption for IT sector till 2031 demanded

BASIS

The leaders of the Bangladesh Association of Software and Information Services (BASIS) have demanded a continued tax exemption for the information technology (IT) sector till 2031 next.

Diplomacy

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