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Banking sector reforms must be based on reality
This government-backed family has become a liability to the banking sector. Dr. Mansur also announced that the Bank Resolution Act is being formulated to address banking failures. Some state-owned banks are also struggling, and measures will be taken to prevent the Financial Institutions Division of the Ministry of Finance from interfering in banking operations. The Bangladesh Bank will be allowed to function independently. However, the Governor did not explicitly state what would happen to banks that cannot be saved or how they would be phased out. His remarks, however, indicate that major changes are on the horizon for the banking industry.
How logical is the fear of civil war in Bangladesh?
Recently, during a conversation with a close acquaintance, he mentioned that his daughter, who lives in the United States, had asked him whether a civil war was imminent in Bangladesh. She had heard about the emergence of several armed groups in the country, allegedly using weapons looted from police stations during the July uprising. These groups are said to be attempting to create chaos, disrupt elections, and push the country toward civil war. Not only that, but his daughter also advised him to prepare to move to the village for safety.
Curbing inflation is priority over high growth now
cently, Bangladesh Bank announced a new monetary policy. This was the second monetary policy for the current fiscal year (2024-25) and the first one formulated under the present interim government. For quite some time, economists had been discussing the proposed monetary policy. Given the ongoing trend of high inflation in the country for nearly three years, there was significant interest in what kind of monetary policy would be adopted
Foreign language use must follow national language policy
A state remains dynamic through internal and interstate conflicts and synthesis. Within a state, separate groups arise based on factors such as tribes, religious communities, regional characteristics, linguistic differences, etc. Diversity prevails in the state’s populace. By acknowledging this diversity and adhering to the principle of unity and coordination within diversity, the government must address the issues arising from this diversity in the internal demographic of the state. While advocating for pluralism in culture, if divisions are created within the nation, unity will break down, and the state will not endure. This undermines the very conditions necessary for the state's existence.
Inside the US President's working method
There is no doubt that the United States remains the world’s greatest superpower.
What message does world receives from Trump's 'America First' doctrine
Donald Trump is returning to the White House for a second term, and this return could bring significant changes to global politics and economics. It is believed that once Trump resumes his duties as the President of the United States, he will begin implementing his declared "America First" policy. This agenda will not only change the intricacies of US foreign policy but will also have a profound impact on the lives of millions of people living outside America's borders. There is much speculation about how Trump's approach to major international issues might unfold. During his election campaign, Trump repeatedly stated that he could end the Russia-Ukraine war in a day, though he never clarified how he would achieve this.
Is Trump's era the start of a new world order?
Donald Trump is set to take the oath as the elected president of the United States. In the current era, nearly every country in the world has some form of relationship with others. These relationships can be either friendly or adversarial, meaning that every country, especially major powers, has interests intertwined with others. Accordingly, the United States, the world’s largest economy and military power, has commercial, military, and even ideological ties or conflicts with nearly every country. These relationships also experience ups and downs. It is important to note that those who believe that US foreign policy does not change regardless of which party forms the government are influenced by outdated thinking. Such thinking is old-fashioned, a relic of the Cold War era, when the US maintained consistent policies toward the Soviet Union and the countries in the socialist bloc, regardless of which party was in power. However, that bloc has now collapsed, and even large socialist countries like China are now operating under free-market principles.
Economic tensions to intensify worldwide
It is natural for people to be curious about what may happen in the world economy and trade in the coming year. Particularly, with Donald Trump being re-elected as the President of the United States, there is speculation about whether the situation will worsen. The question being raised is whether Trump will launch a full-scale trade war. According to a report by the Financial Times, there is a possibility of a full-scale trade war, but it is not guaranteed. The FT refers to a full-scale trade war as a scenario where, by the end of the year, the United States will impose at least a 10 per cent tariff on all imported goods. Trump has threatened to impose up to a 25 per cent tariff on goods from Canada and Mexico, excluding China. These two countries account for 30 per cent of US imports. They, too, will continue to exert pressure on Trump in various ways. However, FT suggests that due to the additional tariffs, Trump is likely to continue the tariff battle. Hence, they do not believe that these tariffs will be withdrawn by the end of the year.
Retreating under bureaucratic pressure is a bad omen
After the people's uprising, when the 'Public Administration Reform Commission' was formed alongside other commissions, we hoped that this commission would be able to work independently. We expected it to bring about necessary and significant reforms to weaken the bureaucratic system to some extent. However, when administrative officers organized a protest on December 25, demanding the resignation of Abdul Mueed Chowdhury, Chairman of the Public Administration Reform Commission, over his proposal to introduce a 50 per cent quota for promotion to the position of Deputy Secretary, doubts began to emerge. This raised concerns about whether the commission would be able to work independently under the pressure of the bureaucracy.
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