Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Saturday, September 22, 2018 06:32:10 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Restoring faith main challenge: Farashuddin

photo by

By bdnews24.com
Share your thought
Post a comment »
Read all () »

The new government's major challenge is to restore faith in a bid to accelerate economy, former Bangladesh Bank Governor Md Farashuddin says. People ranging from farmers, labourers to businessmen and industrialists have been hit by political turmoil in the last several months, he said. "Everybody's safety must be ensured on priority basis to help them recoup the loss," Farashuddin said. He suggested speedy trial of violence including those of communal attacks around the national elections. Farashuddin came up with the suggestion in an interview with bdnews24.com on Tuesday; two days after Awami League government led by Sheikh Hasina took oath. He lauded the selection of the cabinet members. "The government will have to prioritise bringing back people's confidence. Law and order will have to be brought under control. Everybody's safety should be ensured." The former governor said farmers, workers and businessmen had been waiting to make up losses incurred over the last few months due to shutdown and blockades and political violence. If the government could provide safety and bring back faith in the people's mind they would be able to make up their loss, he said. "This will be the first task of the government," he said. A consensus is essential between two major parties, Awami League and the BNP, the economist thinks. "They will have to reach an understanding for the welfare of the country. Both the parties will have to take initiative and compromise. "They should shun the mindset that everybody will have to win," he said. The two parties should realise that the country already has suffered hugely, Farashuddin said. "All should work to offset the loss. We have to continue the country's development." Farashuddin who served as Bangladesh Bank governor in 1996-2001 period, said the rural economy had been the worst hit in the violence. The farmers could not sell their produce as transports were closed down by relentless shutdown and blockades. "We have to help them stand again. For that what is needed first is confidence and safety," he said. Farashuddin appealed to the government to provide financial assistance or loan to those who needed. Farashuddin, who was personal secretary to Bangabandhu Sheikh Mujibur Rahman, said many were talking about the Jan 5 polls but the reality is many countries including the US, China, Russia and India had congratulated the new government and promised to work together. "I think it will be helpful for the new government to start work. Many feared that the new government would not be acceptable to the global community. But that did not happen." Farashuddin said Bangladesh achieved more than 16 percent growth in export earnings in the first six months (July-Dec) of 2013-14 fiscal even after the country's main export earning sector readymade garment industry had incurred huge loss over several months. Bangladesh's image was dented in foreign countries following two incidents --- deaths of more than 1000 people in Rana Plaza collapse and fire in Tazreen Garment Factory, he said. "The 16 percent growth amidst uncertainties is a ray of hope. We are still getting orders," he said. Farashuddin thinks to fulfil the export target, owners, workers and the government should work together to restore faith of the buyers as well as ensure such incidents do not recur. "If we can proceed following this path," the economist believes, "it will be possible to have a share in the $140 billion market of China." Bangladesh has huge potential to expand market of raw hide, Farashuddin said, "There should be no more delay. Now we have to shift all the tanneries to Savar at any rate." "Export of ceramics and medicines has to be boosted simultaneously. There is huge demand of these products in the global market. This will generate employment and cut poverty."

Add Rate

News Archive

Inside The New Nation

Editorial »

Rohingya crisis: UN is helpless without active cooperation of int'l community

THE United Nations was established with a mission to stop brutality and promotion of human rights across the globe but at present is apparently helpless to stop the Myanmar military atrocity on Rohingya ethnic community. Though the Universal Declaration of Human Rights, International Covenant on Civil and Political Rights, the ...

Cricket »

India rout Pakistan by eight wickets in Asia Cup

AFP, Dubai :India crushed Pakistan by eight wickets in their long-awaited Asia Cup match which failed to live up to its hype in Dubai on Wednesday.Pace spearhead Bhuvneshwar Kumar (3-15) and part time off-spinner Kedar Jadhav (3-23) sent Pakistan, who won the toss and batted, collapsing to just 162 all ...

Football »

We aim to play SAFF U-16 Women's final: Choton

Bangladesh U-18 national women's football team head coach Golam Rabanni Choton said they aim to play the final of the SAFF U-18 Women's Championship which is scheduled to be held from September 28 to October 7 in Thimpu, Bhutan.He was speaking at a pre-departure press conference on Thursday at the ...

International »

US-North Korea relations making 'tremendous progress': Trump

President Donald Trump on Wednesday said US relations with North Korea are making "tremendous progress" from the days before his presidency when the two countries appeared close to "going to war."Trump said a recent letter from North Korean leader Kim Jong Un confirmed the positive track, which he said has ...

City »

Newly elected executive members of Bangladesh Photo Journalists Association paid a courtesy call on Shipping Minister Shajahan Khan at his ministry on Thursday.

Entertainment »

Not always necessary to do issue-based films: Yami Gautam

Actress Yami Gautam, who stars in Batti Gul Meter Chalu, says it is neither necessary nor possible for an actor to do issue-based films all the time. Yami was interacting with the media here on Wednesday at a promotional press conference of the film that releases on Friday. She was ...

Football »

Japanese MMA star Norifumi 'Kid' Yamamoto dies at 41

Tributes flowed Wednesday for charismatic Japanese Mixed Martial Artist ( MMA) Norifumi "Kid" Yamamoto, who died at age 41, three weeks after announcing a battle with cancer.Born to a family of wrestlers and martial artists, the wiry, tattoo-covered Yamamoto took on larger opponents in a wide range of MMA events, ...

Editorial »

Ecological danger for destroying forest by Rohingyas

A STUDY has revealed that 4,300 acres of hills and forests have been razed in Cox's Bazar to set up refugee camps and cooking fuel for Rohingyas who fled ethnic cleansing in Myanmar. Quoting the study, news media reported that about 3,000-4,000 acres of hill land at Teknaf and Ukhia ...

International »

Kim agrees to dismantle main nuke site if US takes steps too

AP,  Pyongyang :The leaders of North and South Korea announced a wide range of agreements Wednesday which they said were a major step toward peace on the Korean Peninsula. But the premier pledge on denuclearization contained a big condition, with North Korean leader Kim Jong Un stating he'd permanently dismantle ...

International »

Sex with Trump 'least impressive' she's ever had: Daniels

Stormy Daniels, the porn star who claims to have slept with Donald Trump over a decade ago, says in her upcoming tell-all book that it may have been the "least impressive sex" she'd ever had, The Guardian reported Tuesday.In her book, "Full Disclosure," Daniels also provides a graphic description of ...

Entertainment »

I`m seen as a fierce and opinionated woman post Bigg Boss: Hina Khan

Actor Hina Khan believes Bigg Boss helped her showcase her real personality, which is that of a woman who does not shy away from speaking her mind. The actor became one of the most talked about contestants on the 11th edition of the reality TV show, which has just begun ...

City »

Dhaka University teachers formed a human chain programme on the campus on Wednesday demanding release and proper treatment of BNP Chairperson Khaleda Zia.

Editorial »

We welcome Islamabad for awarding Bangladeshi-origin refugees Pakistan`s nationality

PAKISTAN government has decided to grant nationality to all Pakistan-born refugees of Bangladeshi and Afghan origins staying there for decades. Prime Minister Mr Imran Khan on Sunday made this announcement during his maiden visit to Karachi, saying the Bangladeshi and Afghan refugees who were born in Pakistan would get National ...

Sports »

Argentina's Facundo Conte (left) and teammate Alexis Gonzalez celebrate during the Men's World Championships' volleyball match between Argentina and Slovenia, in Florence, Italy on Monday.

Football »

FIFA president Infantino has doubts about La Liga match in Miami

AFP, Barcelona :FIFA president Gianni Infantino has expressed concern about La Liga's proposal to stage a fixture between Girona and Barcelona in the United States.The two clubs have each approved a request submitted to the Spanish Football Federation for the match to be played at the Hard Rock Stadium in ...

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
Write a comment to this news