Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Friday, February 22, 2019 05:08:16 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter
BREAKING NEWS:

New Year not having enough for people to hope

By
02nd-Jan-2018       
Comments
Share your thought
Post a comment »
Read all () »

ECONOMISTS' have warned the year- 2018 will be a tough year to city dwellers for they will have to pay the largest part of their monthly income as house rent without credible control over house rent. Quoting a survey reports conducted by BRAC University in the city, they said about 82 percent tenants pay more than one-thirds of their monthly income for house rent and utility bills, exceeding the standard affordable limit at 30 percent. Of them, 44 percent pay half of their income slashing spending for health and education and so on. 

 
Another warning also needs serious attention. They believe the year would be suffocating to common people for higher cost of food which may further rise this year along with growing food inflation now at 6 percent. Rice now sells between Tk 45 and Tk 70 per kg and onion at Tk 120 per kg that never had happened before.

The UN Food and Agriculture Organization (FAO) and US Department of Agriculture suggests food production -- mainly rice production -- will be lower this year in keeping with last year's trend, although the government claim of continued success.

It appears higher house rent and food cost may throw the biggest challenge to mid-to-low-income families along with growing safety concerns of people from poor law and order situation. This remains the biggest threat to public life at a time when the entire country seemingly nose diving in all fronts-from crisis in the food market to growing public safety issues.

The government is firmly dug in to give protection to the regime. It is raising taxes and utility charges and spending it for its own protection without much care to give protection to citizens' life. Rape, extortion and abduction, extra-judicial killing and sexual harassment are on rise everyday sheltered by the government in most cases. The year is thus unfolding with manifold concerns when the government is busy within itself instead of unfolding policies and actions to ameliorating people's suffering. It is a year for the government to win election. 

Economists have also warned of growing income gap with the rich getting richer from ill-gotten money. It may invariably end up in creating socio-political tension in the election year. We know house rent and food price are two basic determinants to well being of an average family. Media report said over 5.2 lakh people have already fallen below poverty line later last year mainly due to higher food prices. Experts have also warned of political uncertainly in the run up to election when the economy may face many more risks and challenges. Capital flight may run all time high. 

Unrestraint food price and house rent remains the two biggest challenge to people. The government has no control over rice market and agricultural supplies as millers and established cartels belonging to ruling party are controlling the markets. House owners who come from the richer section of the society are also least compliant to house rent laws. They are not transparent while frequently raising house rents adding load to renters but depriving the government of due taxes. Lack of proper governance is hurting the nation all the more; it must change.


Tariff
Add Rate

News Archive

Inside The New Nation

Cricket »

BD lose to NZ in third ODI


Sports Reporter :Despite Sabbir Rahman's century Bangladesh lost to New Zealand by 88 runs in the third and last One Day International (ODI) match at Dunedin in New Zealand on Wednesday. New Zealand clinched the ODI series 3-0.Sabbir hit a marvelous 102. His 110-ball innings was laced with 12 fours ...

Editorial »

True spirit of Ekushey must be reflected everywhere


THE nation solemnly remembers the supreme sacrifice of the valiant souls who laid down their lives to establish the right of our mother tongue Bangla as the state language of Pakistan on this day in 1952. As the pioneering movement that led to our ultimate independence, Ekushey invokes the emotional ...

International »

Palestinian President rejects tax money from Israel


Reuters, Ramallah, West Bank :The Palestinian Authority (PA) will no longer accept tax revenues collected on its behalf by Israel following its decision to trim the sum over the PA's financial support of militants' families, Palestinian President Mahmoud Abbas said.The cash-strapped Palestinian Authority, an interim self-government body set up following ...

City »

President of Bangladesh Diploma Student Nurses Union Sadia Akhter speaking at a press conference in DRU auditorium on Wednesday demanding Prime Minister Sheikh Hasina's intervention in resisting conspiracy to ruin nursing education.


.

Entertainment »

Strong and confident female characters attract Kriti Sanon


Actress Kriti Sanon is all set for a superb 2019 with Luka Chuppi, Arjun Patiala, Housefull 4 and Panipat. The characters the actress is essaying are strong-minded and confident as she is drawn towards such empowered characters. Kriti’s role in Bareilly Ki Barfi as Bitti was that of an independent ...

Editorial »

Prevent gas cylinder and pipeline explosions


GAS explosion has become very common in the country nowadays. Even if someone escapes death, the victim has to suffer burn injury or loss of valuable organs. The authorities concerned still did not take any effective step to control such incidents. In the latest incident, seven people including a couple ...

Entertainment »

Malaika Arora opens up about her divorce with Arbaaz Khan


Malaika Arora, who is recently making headlines for her relationship with Arjun Kapoor and the couples social PDA, recently opened up about her divorce with Arbaaz Khan on a radio show. Talking about her divorce she revealed that it was a mutual decision to part ways so that they could ...

City »

BNP Standing Committee Member Dr. Khondkar Mosharraf Hossain, among others, at a discussion organised by Bangladesh Jatiyatabadi Muktijoddha Dal at the Jatiya Press Club on Tuesday demanding release of BNP Chief Begum Khaleda Zia.


.

International »

Pakistan PM urges talks on Kashmir blast, warns India against attack


Reuters, Islamabad :Prime Minister Imran Khan said on Tuesday Pakistan was ready to cooperate with India in its investigation of a deadly bombing in the disputed Kashmir region last week, which India blamed on Pakistan, but warned of retaliation if attacked.Tension between the nuclear-armed neighbors has risen sharply over the ...

Sports »

Al Amin Zumar and Mukhtar Hossain of Daffodil International University receiving the championship trophy of the Inter-University Badminton Tournament and a cheque of Taka 15,000 from Dr Mohammed Farashuddin, Chairman, Board of Trustees of East West University, at the playground of East West University in the city on Monday.


.

Editorial »

Not memorization, students need analytical involvement


ABOUT one lakh students have applied to the Directorate of Primary Education (DPE) of the Primary and Mass Education Ministry for reexamination of their results, claiming that justice will be established if the authorities work properly. Some of students who failed in the examination alleged that they did not get ...

International »

`Crime may have been committed` by Trump: Ex-FBI official


AP, Washington :Former FBI Deputy Director Andrew McCabe said in an interview that aired Sunday that a "crime may have been committed" when President Donald Trump fired the head of the FBI and tried to publicly undermine an investigation into his campaign's ties to Russia. McCabe also said in the ...

Entertainment »

Moury Salim prefers challenging roles


Sheikh Arif Bulbon :Actress of present generation Moury Salim has been engaged with acting for many days. Though she has been busy with acting for long time but could not get the opportunity to work in challenging roles properly or the directors did not utilise her acting quality appropriately. On ...

Cricket »

Girona beat Real Madrid


BBC Online :Real Madrid missed the chance to go second in La Liga as Girona came from behind to record a surprise away win on Sunday.Casemiro powerfully headed in from Toni Kroos' deep cross from the right wing to give the hosts a first-half lead.Cristhian Stuani's penalty made it 1-1 ...

City »

Director General of Bangladesh Agricultural Research Institute Dr. Abul Kalam Azad speaking at the inaugural ceremony of a training programme on 'Marker Assisted Selection' at its seminar room in Gazipur on Monday.


.

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news