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M A Khaleque

  • Economist
  • Sat, 23 Sep 23

Retired General Manager, Bangladesh Development Bank Limited and Writer on Economics

Opportunity to convert black money into white money, for whose benefit?
Opportunity to convert black money into white money

Economics

Tue, 11 Jun 24

Opportunity to convert black money into white money, for whose benefit?

Finance Minister Abul Hasan Mahmud Ali has presented a budget proposal for the upcoming fiscal year (2024-2025) with a total size of 7 lakh 97 thousand crore taka. Of this, revenue is 5 lakh 41 thousand crore taka, and the expenditure is 2 lakh 56 thousand crore taka. This means there will be a deficit of 2 lakh 56 thousand crore taka in the budget. To cover the budget deficit, loans totaling 2 lakh 51 thousand 6oo crore Taka will be obtained from various domestic and foreign sources. Of this, 90 thousand 700 crore Taka will come from foreign loans. Additionally, it is expected that 4 thousand 400 crore Taka will be received as grants to help cover the budget deficit. Due to the failure to collect the desired level of revenue from domestic sources, Bangladesh is increasingly becoming dependent on foreign loans. Currently, Bangladesh's tax-to-GDP ratio is 7.6%, which is the lowest among South Asian countries.

Economic slowdown after demographic dividend: Are we prepared?
Economic slowdown after demographic dividend

Economics

Mon, 3 Jun 24

Economic slowdown after demographic dividend: Are we prepared?

There is no alternative to a skilled workforce for the economic development of any country. The more skilled and trained the labor force, the brighter the prospects for the country's economic development. No matter how advanced mechanical power becomes, if the person operating the machine is unskilled and immature, development cannot be achieved. If the workforce is adequately trained and skilled, it can become the greatest asset for a country. Conversely, if that workforce is untrained and unskilled, it can be considered a liability for the nation. The total workforce of a country can generally be divided into four categories: children, youth, adults, and the elderly. Typically, individuals under the age of 18 are considered children. Those between 18 and 35 are considered youth, those between 35 and 60 are considered adults, and those above 60 are considered elderly. Among them, the 18 to 60 age group is known as the working-age population.

Individual purchasing power indicates financial strength
Individual purchasing power indicates financial strength

Economics

Tue, 28 May 24

Individual purchasing power indicates financial strength

There is no substitute for consumer purchasing power when it comes to personal happiness. Although it's often said that money is the root of all evil or that money is dirty, we cannot ignore its necessity in life. The reality is that we cannot get by without money, even for a moment. Money is the medium of exchange that underpins consumer purchasing power and paves the way for peace. Human life revolves around three types of energy: physical strength, mental strength, and financial strength. When these three forces are combined in one's life, one can be considered truly happy.

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

Economics

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).

What does it indicate if deposit growth in banking sector slows down
deposit growth in banking sector

Bank

Sun, 19 May 24

What does it indicate if deposit growth in banking sector slows down

A recent news article published in a national daily cited statistic from the Bangladesh Bank, indicating a decrease in deposit growth in the banking sector. Despite an increase in interest rates on deposits, depositors are now less inclined to keep their savings in banks as they used to.

Development of rural economy to change the country
Development of rural economy to change the country

Economics

Fri, 10 May 24

Development of rural economy to change the country

Historians often argue that no dynasty can endure for more than a century with supreme majesty. The dynasty must face challenges within this time. This belief applies not only to the ruling families but also to individuals and normal households. The trajectory of wealth and influence follows a similar pattern, where what is prestigious today may falter tomorrow. This principle is evident in rural economies and family dynamics, where inheritance is seldom equal, and prosperity can swiftly shift. Once affluent families may find themselves impoverished over time, reflecting the ongoing flux characteristic of rural life.