** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Revised ADP be practical

01 March 2014

'FINANCE ministry proposed, but the planning ministry opposed' - a row continues between the two ministries over fixing revised annual development programme (ADP) of the current fiscal, reported a local English daily on Thursday. Meanwhile, ADP implementation during the first 7 months of the current fiscal (FY2013-14) was about 33 percent as against 38 per cent during the corresponding period of last fiscal (2012-13). It records a major setback due to the months-long political unrest including shutdowns, blockades and violence centering around the Jan 5 election.  Only 15 percent of the total ADP allocation of Tk. 658.70 billion for the FY2013-14 has been spent during the last five months. The finance ministry proposed to revise the current ADP size to Tk. 55,000 crore, down by 16.5 percent or Tk. 10,000 crore, from this year's original outlay claiming poor performance in revenue earnings and gloomy foreign aid disbursement situation. On the contrary, the planning ministry argues that the scaling down from the allocation of planning tool may lower the GDP growth in the current fiscal.Meanwhile, the development partners pledged funding $ 1.29 billion less than that of the corresponding period of last fiscal which results a plunge by 41 percent in foreign aid commitments in the first seven months of the current fiscal. Major donors like the World Bank, the Asian Development Bank, Japan, the UK's Department for International Development (DFID) and the USAID signed no significant financing deals during the last July-Jan period due to mainly political turmoil and a lack of  confidence as the incumbent government got re-elected through a controversial election. Besides, the revenue earning target has already been downsized by Tk. 11,900 crore as both NBR and non-NBR revenue earning during the first half of the current fiscal fell short nearly Tk. 10,000 crore from the set targets. Thus, it is evident that the government borrowing may increase to maintain the fiscal development pledges. The major factors contributing to slow pace in ADP implementation are inefficiency of the government machinery, weak monitoring and implementation-related problems such as procurement, land acquisition, and above all political influence along with corrupt bureaucratic hassle at different phases of ADP implementation. According to IMED, the designated wing which evaluates ADP implementation of the Planning Commission, fund misappropriation and fraud in the development projects are also responsible for poor ADP execution.However, the success of ADP depends on timely and proper implementation of the government's development policies, programmes and investment plan. Therefore, all concerned, including executing ministries/ divisions/ agencies, need to be more vigilant and active to prevent any delay in project implementation. To streamline the development pledges of the government, the Planning Commission should select priority projects to maximise the benefits in terms of output and ensure efficient management through discussions among all stakeholders, including the donors. Political manipulation of the government fund, corruption and misappropriation of funds should be checked to uphold the public trusts to the development initiatives.

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