• Wednesday, January 28, 2015

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Centre For Policy Dialogue

Break away from this destructive cycle

Bitter Truth

Break away from this destructive cycle

People can well remember that the country sustained huge losses in terms of lives and properties during 2013 shutdowns and blockades. According to Centre for Policy Dialogue (CPD), the losses during the last six months of that year stood at Tk. 50,000 crore. Happily, as 2014 was somewhat peaceful, the business community could...

CPD denounces govt stance on banking sector

CPD denounces govt stance on banking sector

The Centre for Policy Dialogue yesterday came down hard on the government for recapitalising the state banks despite their financial malpractices, and rescheduling the bad loans of Beximco Group. The think-tank went on to term the recapitalisation, which is being done with taxpayers' money, as 'nationalisation of losses' and the rescheduling 'denationalisation of profits'. This...

Investigate huge remittance outflow to India

The Centre for Policy Dialogue yesterday recommended the government should form a committee to investigate the large remittance outflows to India. Bangladesh is now the fifth largest remittance source for India, with around $3.7 billion sent in 2013. The number is expected to only increase in the coming years, according to Silicon India, a portal for professionals. “This is a warning signal,” Mustafizur Rahman, executive director of CPD, said, adding that both the Board of Investment and Bangladesh Bank may want to...

Focus on proper enforcement of jute packaging law

More than 50 percent of domestic production of jute will be consumed locally if the mandatory jute packaging act is implemented properly, according to an estimate of local think-thank Centre for Policy Dialogue. "The jute industry is highly dependent on exports, which can be reduced substantially by ensuring full implementation of the compulsory jute packaging act," CPD Additional Research Director Khondaker Golam Moazzem said yesterday. He spoke at a discussion organised by the Jute Protection Committee in association with Action Aid...

Imports rise in political calm

Imports rise in political calm

Imports increased significantly in fiscal 2013-14 indicating that the economy is gaining back its confidence lost to the 2012-13 political unrest. Actual imports as indicated by settled letters of credit (LC) jumped more than 15 percent year-on-year to $37.19 billion against opened LCs of $41.82 billion that rose by 16 percent in fiscal 2013-14,...

CPD gives two days' wages for Gazans

CPD gives two days' wages for Gazans

A delegation of the Centre for Policy Dialogue (CPD), a civil society think tank, called on Palestinian Ambassador to Bangladesh Shaher Mohammad yesterday, expressing their sympathy for the besieged people of Gaza, which has been continuously pounded by Israel for about a month now. The team comprising CPD Executive Director Mustafizur Rahman, Distinguished Fellow...

Private investment the key

Private investment the key

The economy faces an impossible task of raising private investment by Tk 75,000 crore in fiscal 2014-15 to achieve the desired 7.3 percent GDP growth, the Centre for Policy Dialogue said yesterday. To that end, private investment needs to rise to 25 percent of gross domestic product from the present 21 percent, an increase...

Tax receipts rise in April, full year off the target

The tax authority saw a rise in revenue receipts in April than a month ago due to increased monitoring and a steady recovery of the economy from political unrest. In April, tax collection went up 15 percent year-on-year to Tk 11,541 crore, thanks a higher flow of taxes from domestic and external trade related sources. In March, tax grew only 6 percent year-on-year. The overall collection rose 9.16 percent year-on-year to Tk 90,704 crore in July-April of the current fiscal year, according...

CPD fellow Rahmatullah passes away

CPD fellow Rahmatullah passes away

Dr Mohammad Rahmatullah, a senior fellow at Centre for Policy Dialogue (CPD), passed away at United Hospital in the capital this morning at the age of 74. Rahmatullah, who had been suffering from pancreatic cancer, breathed his last at the hospital at 9:05am. The former planning commission member and director of UN-ESCAP Bangkok worked extensively on the Asian highway and connectivity between Saarc countries to promote regional economic growth. Rahmatullah, a highly respected member of the community, led the Gulshan Park development initiatives, establishing it as a cornerstone for the Gulshan community. He is survived by his wife, Qudsia Rahmatullah, his three daughters, three sons-in-law and five grandchildren. His namaz-e-janaza will be held at...

Budget to outline plans for next five years

Budget to outline plans for next five years

Finance Minister AMA Muhith said the upcoming budget will outline programmes for the next five years, which will boost confidence of businesses and give a 'signal' that political stability will prevail. "I am sure that these plans will be implemented. This is supposed to be a sort of signal that still there is stability,"...

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