Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, February 16, 2019 12:14:49 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Restoring faith main challenge: Farashuddin

photo by

By bdnews24.com
16th-Jan-2014       
Comments
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."

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Save the Sunderbans to save the Royal Bengal Tigers


FOR the constant rise in sea levels and rapid climate change, the famous Royal Bengal Tigers of the Sunderbans could be disappeared within 50 years, especially from the Bangladesh part, according to a new study published recently in the journal Science of The Total Environment. A team of Bangladeshi and ...

City »

Members of RAB-2 nabbed one on Friday from Narayanganj for taking money from government officials from different areas in the country impersonating Anti-Corruption Commission official.


.

Cricket »

Feels like it`s a blessing to just be playing again: Steyn


Agency :Dale Steyn, the South African mainstay, continued to impress on his comeback trail, as he bowled at high pace and picked up four wickets over a long spell on Day 2 of the first Test of the two-match series versus Sri Lanka in Durban.The veteran fast bowler bowled at ...

Entertainment »

Shanta Jahan feels comfortable in hosting


Sheikh Arif Bulbon :Popular host of present time Shanta Jahan has to be engaged with hosting round the year in and outside the country in different stage shows and TV programmes. Besides hosting, she has more identities. She is also a model and TV actress. But she always feels comfortable ...

International »

Trump heavier, but in ‘very good health’: Doctor


AFP, Washington :President Donald Trump is a little heavier than last year and needs a higher dose of cholesterol medicine, but remains in "very good health," his official doctor said Thursday.The presidential physician, Sean Conley, said Trump, 72, passed his medical exam last week with flying colors."It is my determination ...

Cricket »

It was difficult to hit through the line of the ball in Napier: Guptill


Martin Guptill is happy to work his way through the travails of a slow Napier pitch and score an ODI hundred, which helped New Zealand beat Bangladesh by eight wickets in the opening game of the three-match series. The hosts had notably lost the ODI against India here couple of ...

International »

Taliban announces surprise talks with US in Pakistan


PTI, Islamabad :The Taliban said Wednesday that its negotiators would meet US envoys for talks this month in Islamabad, and also sit down with Pakistan Prime Minister Imran Khan to discuss Afghanistan.While Islamabad did not immediately confirm the talks, Washington said it had "noted" the announcement, which comes after weeks ...

International »

Judge finds Manafort lied to investigators in Russia probe


AP, Washington :Former Trump campaign chairman Paul Manafort intentionally lied to investigators and a federal grand jury in the special counsel's Russia probe, a judge ruled Wednesday.U.S. District Judge Amy Berman Jackson's decision was another loss for Manafort, a once-wealthy political consultant who rose to lead Donald Trump's 2016 campaign ...

Editorial »

Myanmar`s provocation: Dhaka should deal with the issue delicately


YET again Myanmar has shown Saint Martin's Island of Bangladesh as of its part in the official map. Protesting it, Dhaka on Thursday summoned Myanmar Chargé d'affaires and handed over a strongly worded protest note also expressing serious dissatisfaction over repeating such false claim, and demanded immediate corrective measures. Director ...

City »

40 personnel receives Coastguard awards


Staff Reporter  :A total of 40 personnel of Bangladesh Coastguard have been awarded for the prestigious 'Bangladesh Coastguard Award', 'President Coastguard Award', 'Bangladesh Coastguard (service) Award' and 'President Coastguard (service) Award' this year for best performance in their duties. Home Minister Asaduzzaman Khan Kamal handed over the awards to them ...

Entertainment »

Adah hits bull`s eye with her gun for Valentine`s Day and the video goes viral


Did you know Adah Sharma is a trained sharp shooter? The Commando 2 actress shared a Valentine’s Day video breaking hearts, shooting them and didn’t miss even one target. Check out how with ease she picks up 5kg rifles and hits all 5 targets in less than a minute, with ...

Editorial »

None should create abnormal situation in apparel sector


AROUND 11,000 apparel workers of 99 factories in Dhaka, Ashulia, Savar, Gazipur and Narayanganj have so far been fired and 3,500 others have been implicated in 34 cases for their participation in the movement held in January demanding proportionately wage hike, according to the IndustriAll Bangladesh Council (IBC), a platform ...

Football »

Sala's body to be returned to Argentina on Friday


Argentine footballer Emiliano Sala's body is to be returned to Argentina on Friday, the mayor of his hometown of Progreso, Julio Muller, told AFP Tuesday.Sala's body was recovered from plane wreckage in the English Channel last week. He was flying to his new team, English Premier League side Cardiff City, ...

Cricket »

BD lose to NZ in 1st ODI


Sports Reporter :Bangladesh lost to New Zealand by eight wickets in the first One Day International (ODI) match at Napier in New Zealand on Wednesday.Electing to bat first, Bangladesh scored 232 off 48.5 overs.In reply, New Zealand reached the winning target making 233 for the loss of two wickets when ...

International »

Trump says not `happy` with border deal but shutdown unlikely


President Donald Trump indicated Tuesday that he will walk back his threat to shut the government even if he does not get all the money he has demanded for building a wall along the US-Mexican border.Although Trump left enough wiggle room to keep the country guessing, he appeared to be ...

 
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