Tuesday, 22 October 2024

Zeauddin Ahmed

Economist
Sat, 23 Sep 23

Former Managing Director of Bangladesh Bank and Former Managing Director of The Security Printing Corporation (Bangladesh) Limited, or Takshal

Due to why printing money cause inflation

Economics

Fri, 11 Oct 24

Due to why printing money cause inflation

In a speech to the nation, Interim Government Chief Adviser Dr. Muhammad Yunus stated that the people of the country are suffering from inflation due to the 'fascist' government's decision to print and release an additional Tk 600 billion for looting. Controlling this inflation is one of the interim government's main objectives. The Governor of Bangladesh Bank has also blamed this Tk 600 billion for the inflation and rising prices. The liquidity crisis in the banking sector has become so severe that several banks are now forced to collect deposits at interest rates above 12%. Due to the instability in the country and the banking sector, investment has stagnated, with some banks opting to invest in government treasury bills and bonds. Not only banks, but private individuals are also making significant investments in these government bills and bonds at high interest rates. The uncertainty in the industrial sector and high-interest rates have caused a crash in the stock market.

Oversight alone won't strengthen weak banks

Economics

Tue, 8 Oct 24

Oversight alone won't strengthen weak banks

Upon taking office, Bangladesh Bank Governor Ahsan H Mansur commented that ten banks in the country are in a state of bankruptcy. He made this remark during a press briefing with journalists. He has also assured that efforts will be made to rescue these banks. However, he has questioned the necessity of weak banks that are not recognized internationally and mentioned plans to merge these weak banks.

Mob Justice Undermines Mass Uprisings

Politics and Bureaucracy

Sat, 28 Sep 24

Mob Justice Undermines Mass Uprisings

Tofazzal Hossain, who was mentally unstable, was brutally beaten to death on September 18, 2024, at Dhaka University's Fazlul Haque Hall on the suspicion of theft. Six university students have since confessed to their involvement and provided statements in court. Among them is a former leader of the Chhatra League, who had served as the Deputy Secretary for Science and Technology Affairs in Fazlul Haque Hall's Chhatra League. He had resigned from the Chhatra League at the onset of the quota reform and anti-discrimination student movement, choosing instead to actively participate in the protests. The political affiliations of the other five have not been disclosed.

Taskforce needed to repatriate laundered money

Economics

Wed, 11 Sep 24

Taskforce needed to repatriate laundered money

Several days have passed since the interim government was established under the leadership of Dr Muhammad Yunus. The Interim Government faces an ongoing challenge: to create a stable environment for import and export activities, increase foreign exchange reserves and revenue collection, ensure a steady supply of daily necessities, control commodity prices, combat inflation, and tackle widespread bribery and corruption. Additionally, it must address the issue of defaulted loans and restore order in the banking sector. Among the significant concerns during the Awami League government's tenure were corruption and money laundering. This discussion will focus specifically on money laundering and the repatriation of illicit funds. The current financial adviser, Saleh Uddin Ahmed, who previously served as the Governor of Bangladesh Bank, and Governor Ahsan H. Mansoor, a renowned economist, have both contributed regularly to various newspapers on banking sector issues and macroeconomic policies. Their expertise is expected to play a crucial role in restoring economic order.

Bodies set adrift due to lack of dry burial grounds

Environment and Climate

Sun, 1 Sep 24

Bodies set adrift due to lack of dry burial grounds

In 2024, the people of Feni witnessed the worst flood in living memory. The sudden onslaught of this flood was unimaginable for the residents of Feni. The destructive nature of the flood extended beyond Feni, affecting the surrounding districts as well. Torrential rains and water surging down from the mountains caused the floodwaters to rise, submerging the roofs of houses in the Parshuram, Phulgazi, and Chhagalnaiya upazilas of Feni. With electricity and all forms of communication cut off, these areas were isolated from the rest of the country. In remote regions where rescue teams could not reach due to the fierce currents, people clung to tree branches, tin roofs, house tops, and rafts made of banana trees in desperate attempts to survive. The elderly, children, women, the sick, and pregnant women faced unimaginable suffering.

Tragic death of Ismail Haniyeh

Diplomacy

Sat, 10 Aug 24

Tragic death of Ismail Haniyeh

Hamas's top political leader Ismail Haniyeh has been killed in an attack in Tehran, Iran. Along with Haniyeh, one of his bodyguards was also killed in the incident. Both Hamas and Iran have blamed Israel for the assassination.