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Haradhan Ganguly

Columnist

Mr. Haradhan Ganguly is a freelance contributor

Bar to the budget: Inertia in private investment

Haradhan Ganguly

Private investment continues to remain wary, as if foggy desire on growth expectation. The nation will stride with a new budget with a new hope of higher growth for the coming financial year of 2017-18. On June 1 we will get the proclamation of new budget with setting for execution from 1 July 2017. Our ...

New VAT law, and local industries

Haradhan Ganguly

Present time is observing a new dimension of a pre-budget debate or discussion centring round the new VAT law, and its impacts on general price level in markets, especially within the purview of coming holy Ramadan. The trajectories in its way of implementation are also a matter of concern. Timely effective monitoring of new VAT ...

Crisis in the state-owned commercial banks

Not to behead for having a headache

Haradhan Ganguly

Crisis in the state-owned commercial banks

A top level council held its meeting in the middle of the last month at the secretariat headed by Finance Minister AMA Muhith, forewarns that unending worsening performances of the public banks could destabilize the entire financial sector under their spillover adverse impacts.It is said, the state-owned commercial banks (SOCBs) and specialized banks have been ...

A big budget is coming: How much big it is?

Haradhan Ganguly

Definitely, a gentle blowing occupies our finance minister AMA Muhith. A big budget is in the offing. Our economy is getting big. So a big budget for the economy is out of chestnut to reality. AMA Muhith dreamt for a big budget at the near fag end of this government's tenure and it is coming. ...

Six big economic challenges

Haradhan Ganguly

The economy is now facing six challenges. Finance Minister Abul Maal Abdul Muhith informed parliament of this while he was giving the progress report of ADP implementation in the first quarter (July-Sept) of 2016-17. Six challenges include (a) declining remittance inflow (b) high rates of savings instruments (c) slow and improper implementation of ADP (d) ...

Bazlur Rahman � An emblem of modernity and honesty

Haradhan Ganguly

On February 26, 2008, he left us forever. Whenever we observe the anniversary of his death or birth, his memories become even more pronounced. Bazlur Rahman whom we fondly called 'Bhaia', returns to us through our memories and words. His works has kept him alive. Wordsworth wrote: "In vacant or in pensive mood, they flash ...

Savings dilemma � A challenge to monetarist view

Haradhan Ganguly

One of my former students named Salam once wanted to know from me what might be the end results of the situation that induces apathy towards saving in society or in economy. My answer was: just wait and see. My question is simple. Is monetary management the only determinant of the entire macro economy of ...

Monetary policy fails to create waves

Haradhan Ganguly

As failed to set forth any charisma, monetary policy of the first half of 2016-17 is likely to carry on in the second half of the fiscal year, keeping the key rates and programmes on the financial front unchanged. The central bank believes the existing hallmarks match the expected economic growth and combat inflation risks. ...

India's anti-dumping duty an unfair gesture to trade

Haradhan Ganguly

Piles of jute and jute goods worth about taka hundred crores are kept stuck in port not finding way to India. The decision of Indian government to impose anti-dumping duties on Bangladeshi jute and jute goods came no less as a bolt from the blue. Indian government verdict of 5 January would cause a total ...

Sliding inflation syndrome

Haradhan Ganguly

Sliding inflation should not be encouraged any more. It could carry a wearisome message for economic activities so far investment and producer are concerned. We should keep in mind prevalence of mild inflationary trends revamps productivity. Respite in consumer market due to sliding of inflation never lasts long or turns to be secular (in economic ...