The Economy
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.
Success of controlled free market economy impossible
In the same way that one cannot win a footrace with a rope tethered to their feet, a free market economy cannot thrive under restrictive conditions. A free market economy isn't synonymous with a laissez-faire approach; rather, it requires certain conditions to function optimally. Regulatory oversight is essential to ensure that the natural flow of the market isn't obstructed. Intervention should only occur in cases of abnormal circumstances.
Stopping the pace of economy will lead to disaster
Economics follows some common principles or policies. These principles are determined based on current realities. They are established focusing on people's daily behavior. Sometimes, in the course of time and changing realities, these principles may undergo slight alterations. However, the fundamental principles remain the same. If for any reason, these principles of economics are violated, adverse consequences may occur.
Bank MDs cannot resign, be sacked without central bank’s approval
From now on, the managing director (MD) of a bank cannot suddenly resign whenever he wishes. Bank authorities also cannot remove any MD whimsically.
Advancing food security through climate-resilient food systems stressed
Agribusiness leaders and industry visionaries from across the globe have stressed smart conservation initiatives, sustainable agricultural practices, and climate-resilient food systems to ensure and advance food security across the globe.
PM seeks WB special fund for women entrepreneurs
Prime Minister Sheikh Hasina has sought a special fund from the World Bank (WB) to create more women entrepreneurs for their socio-economic advancement and more loan at concessionary rate to implement climate related projects.
When the individual seeks a shadow of development
We are constantly reminded to pay VAT and taxes to further the government’s development initiatives. All fine and good! The massive development projects sprouting up have, so we’re told are mostly being built with our money, meaning taxpayer contribution. Nothing could be better than depending on fewer, expensive loans. That the exhortations aren’t enough there’s a marvellous system of tax on tax ranging from Advance Income Tax to cool deductions from bank accounts of tax and Excise duties and almost 25% added to bills when eating out. And one can barely top-up cell phone bills before the scythe of tax is applied.
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