At Bangladesh economy the daily essential product is hiking day by day. People now even think to bye those product. Oil, powder milk, rice eveerythings price was highly rated. The urban poor are typically most affected as many rural households grow at least some of their food needs. Higher prices have pushed many more people into poverty, but the increase in the number of poor is only part of the emerging costs of the crisis. The more profound consequence is the impact of rising prices on households who were already poor. For those already struggling to meet their daily food and nutrient needs, the double shock of food and fuel price rises represents a threat to basic survival. The poorest households are reducing the quantity and/or quality of the food, schooling, and basic services that they consume, leading to irreparable damage to the health and education of millions of children. 2010 brings new challenges to the pursuit of food security in Bangladesh
The central bank of Bangladesh on Monday recommended adoption of appropriate and effective measures to curb higher food prices to avoid administrative interventions that may hit supply channels of the essentials.

Bangladesh Bank (BB), the country’s central bank, also suggested it may initiate a comprehensive investigative study of the emergence of speculative influences by oligopolies in the market

“Rise in food price inflation, being politically sensitive, is often blamed in Bangladesh on ‘syndicates’ or oligopolistic influences, but without hard evidence or data,” the central bank said in its latest quarterly report, released on Monday. The report also said it is true that in recent years, the domestic markets of food crops and other edibles are getting increasingly more “organized” and “integrated,” with growing influence of larger players in smaller numbers.

“Speculators will also join these oligopolistic influences in creating bubbles in food prices as and when future markets of commodities are activated,” it added.

Any bank interventions would compound problems by obstructing and choking off supply channels, limiting the ability to provide the target population groups with temporary relief by way of cash subsidies or food supplies at affordable prices, according to the Bangladesh Bank Quarterly (BBQ) for October-December 2009.

The rising trends in prices of major commodities such as rice, petroleum and sugar fueled partly by speculation on international futures markets, are likely to retain the upward pressure in domestic consumer prices in the second half of this fiscal, the central bank noted.

The Social Protection Response
In the face of rising food and fuel prices, social protection programs can play a key role in
Forestalling increases in poverty, with wider developmental, social and even political benefits. By helping to prevent increases in poverty, social protection programs help households maintain access to food, energy, and essential services. Social safety nets can also reduce the impact of economic shocks on health and education. Furthermore, when social protection programs are perceived as fair and compensatory, they can be important in maintaining social equilibrium and preventing social unrest

• share:
• Bookmark on Delicious
• Digg this post
• Recommend on Facebook
• share via Reddit
• Share with Stumblers
• Tweet about it
• Subscribe to the comments on this post
• Tell a friend

Prime minister Sheikh Hasina’s cabinet today approved “in principle” the total reconstitution of the Bangladesh Rifles under a draft law which seeks to set death penalty for mutiny by the personnel of the paramilitary force.
The draft Border Guard Bangladesh Bill 2010, which also seeks to rename the mutiny-infested Bangladesh Rifles (BDR) as Border Guards Bangladesh (BGB), was approved in-principle by the cabinet, officials said.

“The cabinet also formed a high-powered six-member committee for final scrutiny of the proposed law,” prime minister’s press secretary Abul Kalam Azad told newsmen.

The committee, comprising two advisers, the prime minister’s principal secretary and home and law ministers was asked to submit a report at the next cabinet meeting, he said.
If the law is passed, the current Bangladesh Rifles (BDR) Order of 1972 and Bangladesh Rifles (Special Provision) Ordinance 1976 will be annulled.

The force will be renamed Border Guards Bangladesh.

The border guards will get a new insignia and new uniform of black, maroon and ash instead of the present olive-maroon colours.

The draft law also suggests a new organogram, new command structure and tougher promotion conditions for guardsmen to equivalent positions. There are also proposals to create more Border Outposts and swell the force’s ranks.
The decision came as the country last week observed the first anniversary of the February 25-26 BDR carnage during which 74 people, including 57 army officers serving the paramilitary force were killed at its Pilkhana headquarters.

Officials said the draft Border Guards Bangladesh Act 2010, sets death as the maximum penalty for mutiny as the existing BDR Act only suggested a seven year imprisonment for ordinary disobedience or breach of command in the paramilitary force

DEATH PENALTY

The proposed law will further toughen penalties for crimes committed by border guards.

It includes a provision of death penalty for mutiny, or disobedience in the field by border guards. The existing maximum penalty under the BDR law is seven years in jail.

Abul Kalam Azad said on Monday: “The present BDR act was not sufficient for trying the February 2009 mutiny.

“The prime minister thinks a stronger law is necessary to prevent repetition of such events. She wants establishment of rule of law in the country and trial of all killings.”

The press secretary said the report of the high-powered committee will contain the final recommendations on the new law.

• share:
• Bookmark on Delicious
• Digg this post
• Recommend on Facebook
• share via Reddit
• Share with Stumblers
• Tweet about it
• Subscribe to the comments on this post
• Tell a friend

Research and Markets has announced the addition of the “Bangladesh Commercial Banking Report Q1 2010″ report to their offering.

Business Monitor International’s Bangladesh Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bangladesh’s commercial banking industry.

Since Q108, BMI have described numerically the banking business environment for each of the countries surveyed by BMI. BMI do this through their Commercial Banking Business Environment Rating (CBBER), a measure that ensures BMI capture the latest quantitative information available. It also ensures consistency across all countries and between the inputs to the CBBER and the Insurance Business Environment Rating, which is likewise now a feature of BMI’s insurance reports. Like the Business Environment Ratings calculated by BMI for all the other industries on which it reports, the CBBER takes into account the limits of potential returns and the risks to the realisation of those returns. It is weighted 70% to the former and 30% to the latter.

The evaluation of the Limits of Potential Returns includes market elements that are specific to the banking industry of the country in question and elements that relate to that country in general. Within the 70% of the CBBER that takes into account the Limits of Potential Returns, the market elements have a 60% weighting and the country elements have a 40% weighting. The evaluation of the Risks to Realisation of Returns also includes banking elements and country elements (specifically, BMIs assessment of long-term country risk). However, within the 30% of the CBBER that take into account the risks, these elements are weighted 40% and 60%, respectively.

Further details on how BMI calculate the CBBER are provided at the end of this report. In general, though, three aspects need to be borne in mind in interpreting the CBBERs. The first is that the market elements of the Limits of Potential Returns are by far the most heavily weighted of the four elements. They account for 60% of 70% (or 42%) of the overall CBBER. Second, if the market elements are significantly higher than the country elements of the Limits of Potential Returns, it usually implies that the banking sector is (very) large and/or developed relative to the general wealth, stability and financial infrastructure in the country. Conversely, if the market elements are significantly lower than the country elements, it usually means that the banking sector is small and/or underdeveloped relative to the general wealth, stability and financial infrastructure in the country. Third, within the Risks to Realisation of Returns category, the market elements (ie: how regulations affect the development of the sector, how regulations affect competition within it, and Moodys Investor Services ratings for local currency deposits) can be markedly different from BMIs long-term risk rating.

Key Topics Covered:

Executive Summary

SWOT Analysis
Business Environment

Commercial Banking Business Environment Rating
Commercial Banking Business Environment Rating Methodology
Global Commercial Banking Outlook
Emerging Market Banking Sectors
Asia Banking Sector Outlook
Bangladesh Banking Sector Outlook
Economic Outlook
Competitive Landscape
Market Structure
Protagonists
Definition Of The Commercial Banking Universe
List Of Banks
Company Profiles
Sonali Bank
Janata Bank
Agrani Bank
Rupali Bank
Islami Bank Bangladesh
Prime Bank
Pubali Bank
BMI Banking Sector Methodology

Commercial Bank Business Environment Rating

• share:
• Bookmark on Delicious
• Digg this post
• Recommend on Facebook
• share via Reddit
• Share with Stumblers
• Tweet about it
• Subscribe to the comments on this post
• Tell a friend

Education is the backbone of the nation.So no confution about to initiate a better education system.
Education Minister Nurul Islam Nahid said last week that the government had formulated a private university law in a bid to ensure discipline, progress, standards and good management in Bangladesh’s private institutions,He said that while some of the country’s 53 private universities performed well, many did not succeed.

We have made the law more time-befitting after consultations and discussions with people concerned. We did not make haste in doing so, rather we took time for discussions. The law will soon be placed in parliament,” the minister added.

The minister said the government had updated the private university law in an effort to ensure good management and education standards in those universities. The cabinet on 25 January approved a draft of the amended Private University Bill 2009. The bill is waiting for vetting of the law ministry, said the education ministry.
University Grants Commission (UGC) Chairman Prof Nazrul Islam, DIU Vice Chancellor Prof Aminul Islam, Adviser Prof M Shahjahan Mia and deans of different faculties also spoke.

Sabur Khan, chairman of the board of governors of the university, presided over the function.

The cabinet on January 25 approved the draft of amended Private University Bill 2009. The bill is waiting for vetting of the law ministry, said the education ministry.

The Association of Private Universities of Bangladesh (APUB), however, urged the government to stop further processing the draft of Private University Bill 2009, saying that if passed, it would create an impasse in the higher education sector.

At a press conference on Tuesday, APUB leaders called on the government to evaluate the matter anew and bring necessary amendments to the existing act.

• share:
• Bookmark on Delicious
• Digg this post
• Recommend on Facebook
• share via Reddit
• Share with Stumblers
• Tweet about it
• Subscribe to the comments on this post
• Tell a friend

The regional relation between India and Bangladesh growing positive .Bangladesh has lifted its opposition to a gas pipeline linking India and Myanmar and running through its territory, paving the way for the establishment of a regional gas grid that will feed India?s growing energy hunger.

The approval by Bangladeshi Prime Minister Sheikh Hasina Wajed?s government comes as two other such pipeline projects involving India have become entangled in geopolitical knots.

Bangladesh?s change of stance follows the ouster of the Begum Khaleda Zia regime, which has been succeeded by an administration friendlier to India. The neighbouring nation had been stonewalling the 900km pipeline, which will originate in Myanmar and pass through Bangladesh to India.

The assent was communicated to India during power secretary H.S. Brahma?s visit to Bangladesh last month, which followed Sheikh Hasina?s state visit in January.

?The energy adviser to the prime minister of Bangladesh, Tawfiq-e-Elahi Chowdhury, communicated its (Bangladesh?s) willingness to be part of the pipeline project,? Brahma told Mint.

?We have to see what amount of gas reserves we are talking about. I am going to forward our report to MEA (ministry of external affairs),? he added.

Questions emailed to the embassy of Myanmar and Bangladesh?s high commission in New Delhi bounced back, while repeated attempts to contact the embassy and high commission yielded no results.

India has been seeking gas supplies from Myanmar and Bangladesh, both of which have significant reserves of the fuel.

Myanmar has gas reserves of 89.72 trillion cu. ft, of which 18.01 trillion cu. ft can be easily extracted. Bangladesh, on the other hand, has resisted calls until now for the export of natural gas?of which it has substantial reserves of 135.8 billion cu. m?to its larger neighbour, which needs supplies of the fuel for its projects.

India has recoverable natural gas reserves of 119.55 billion cu. m and produced 32,847 million cu. m in 2008-09.

?If the tri-nation pipeline happens, then there is a very strong possibility of the creation of a sub-regional gas grid,? said Anish De, chief executive at Mercados Asia, an energy consulting firm. ?This is a huge statement and if carried out, will have massive social, political and economic ramifications.?

While India has been trying to get gas from blocks in Myanmar in which ONGC Videsh Ltd (OVL), the overseas arm of oil and gas explorer Oil and Natural Gas Corp. Ltd, and gas distributor GAIL (India) Ltd together hold a 30% stake, that country has decided to sell the fuel from the areas to China.

India?s cabinet committee on economic affairs in February approved the OVL and GAIL proposal to take stakes of 8.35% and 4.17%, respectively, in the pipeline being constructed by China National Petroleum Corp. (CNPC) to transport gas from the offshore blocks A-1 and A-3 to China.

This comes as Indian state-owned firms such as OVL are locked in fierce competition for energy assets with Chinese rivals including CNPC, Sinopec Corp. and China National Offshore Oil Corp. Ltd.

India was able to conclude several deals with Bangladesh and Myanmar in February.

State-owned NHPC Ltd signed an agreement with India?s ministry of external affairs last month to fund hydrological studies needed to develop the 1,200MW Tamanti hydroelectric power plant and a 642MW project on the Chindwin river, the largest tributary of the Irrawaddy, Myanmar?s key commercial waterway.

The Indian government last December also sanctioned a new 100km highway from Mizoram to the Myanmar border that would provide a road link to the Sittwe port in Myanmar that India is developing.

Bangladesh plans to set up two coal-fuelled power projects of 1,320MW each, one of which requiring an investment of around Rs6,600 crore will be offered to state-owned NTPC Ltd, India?s largest power generation utility, to be developed in a joint venture with the Bangladesh Power Development Board. NTPC is also scouting for renovation and modernization and operation and maintenance opportunities in Bangladesh. In addition, a 250MW transmission interconnection between India and Bangladesh is being set up by Power Grid Corp. of India Ltd.

• share:
• Bookmark on Delicious
• Digg this post
• Recommend on Facebook
• share via Reddit
• Share with Stumblers
• Tweet about it
• Subscribe to the comments on this post
• Tell a friend