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Haradhan Ganguly

Columnist

Mr. Haradhan Ganguly is a freelance contributor

A pseudo neutrality and financial sector judgment

Haradhan Ganguly

Those who are dreaming for or opted for a body politic to be a hundred per cent faultless have been living far off reality and in a heaven of fairy tales. Even their stance is guided by their subtle party centric upbringing of political philosophy. It might lie near or remote. In the absence of ...

Higher growth with rising inequalities concern us

Haradhan Ganguly

During Pakistan regime, we fought against much talked about 22 families in our long democratic movements. They were millionaires and excoriated for amassing wealth by depriving the rest of the people of Pakistan. It had been seen as a wide disparity raging our economic and social fabrics to an alarming state. But what a surprise, ...

BIMSTEC, turning reality into ritual

Haradhan Ganguly

Does it prove to say that bilateralism is becoming more enviable success over the much talked about regional integration or so to say cooperation, particularly when we see South Asia from the ambit of regional cooperation? Even trilateral efforts get fruitful construct, not to speak of bilateralism. Not only political diversity, mistrust among the states ...

The dark economy of transport anarchy

Haradhan Ganguly

Why a week, why not the traffic week be observed throughout 48 weeks of the year? To flout rules is our very instinct. Keeping us within an abiding legal structure appears to be real challenge. Pedestrians, drivers, transport owners and related law enforcing bodies must be held accountable for all their actions. Enacting good laws ...

You are the sky, you are the abode

Haradhan Ganguly

The role of Bangabandhu is churning out into deep rooted multi-dimensional spheres with each passing day. History is yet to unveil in its totality. Still our evaluation is typified with our limited knowledge of history. With the passage of time it has become clear that Bangabandhu is the message of Bangladesh. This is not emotional ...

New Monetary Policy 19

Declining private credit is not suited for employment

Haradhan Ganguly

When Central bank authority declares a new monetary policy, definitely it has hope for its accuracy in the go for implementation and for having its control over financial intermediaries. The debate on whether it is "expansionary" or "contractionary" gets less weighted upon, if financial sector remains disarray. Then declaration of monetary policy statement (MPS) seemingly ...

Dollar reserve is threatened to be declined

Haradhan Ganguly

Days are passing very fast to start a new ground for upcoming budget implementation. At this moment two troubles are giving vexation to policy maker so far external and internal economists are concerned. One is current account deficit continues to break record in the external expenditure. The resultant impact is to get minimised dollar reserve ...

Not complacency, budget needs reforms

Haradhan Ganguly

A budget is a populist one ahead of next general elections. It is a budget of peoples' complacency so on and so forth. What is the harm? In contrast budget would be non-populist. People would find it detrimental to their interest. What is the correct way? In democracy, for a political government, every day from ...

A counter narrative for state owned banks

Haradhan Ganguly

Public perception on our state owned banks (SOBs) does not originate from any sense of apathy. Beleaguered banking sector has a rising default culture, a weak central bank leadership; money laundering and the finance ministry's excessive interference have greatly impeded the functioning of the banking sector in recent years. This is the screenplay of state ...

A new budget is coming: Only growth is not enough

Haradhan Ganguly

Once Chinese President, Deng Xiaoping, told the cat is white or black, why it is asked for. The question is to see whether it could kill the mouse. Six percent or seven percent growth debate is meaningless unless it is presupposed by ensured good governance in economic and social issues. Our victory remains in our ...