January 2013: Small decrease in Inflation

Even though the non-food inflation has maintained it place at 9.09 percent, the general inflation has changed quite significantly from 0.52 to 6.62 percent this January. Although the fall of inflation rate failed to achieve the pre-targeted rate (7.5) set by the govt. in the current financial year, FY 2012-2013; it has achieved a very close fall of inflation rate of 7.38 this year.

According to information provided by the Bangladesh Bureau of Statistics (BBS), the yearlong average as per the ’95-’96 baseline is still maintained at a rate of 8.4 percent. The month- month food inflation for dec’12 – Jan’13 however has raised up to 1.05 percent essentially due to rise of the basic food products such as fish, eggs, rise, lentil, atta etc. The non-food inflation has also rushed itself up to a point of 1.08 percent when considered in a month to month basis.

Inflation on monthly basis has risen mainly due to the alterations in energy prices. This has caused a raise in the price of fuel leading to rise transportation cost thus directly resulting in raise of both food and non food inflation. This chain begin when the govt. increased the price of energy by 12 percent approx. which was done to compensate for the losses of the state own Bangladesh Petroleum Corporation (BPC).

The rise of energy and inflation caused by it was mainly compensated by the fall of food prices that decreased the point to point inflation. Good harvest of vegetables and paddy is a great contributory factor in this case.

As per information provided by BBS, the decrease in inflation has been quite consistent this year compared to the previous fiscal year. The bearer information also included point to point national wage index (NWI); that has a rise of 15 percent and over this year.

Point to point food and non-food inflation under the previous year’s base was 7.21% and 7.79% in January against 7.33% and 8.43% in December respectively. This year however the scenario has changed and the current position of under new base has been recorded at 5.02% and 9.09% this January against 5.28% and 10.03% in December respectively.

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Shaik Hasina, Salauddin Kader, Nizami and Tofayal

Shaik Hasina, Salauddin Kader, Nizami and Tofayal in the picture. Probably it was taken during a parliament session in the 1980s.

শীর্ষস্থানীয় পাঁচ কোম্পানি

বাংলাদেশের বেসরকারি কোম্পানি বা কর্পোরেট হাউস গুলো দেশের অর্থনীতিকে এগিয়ে নিয়ে যাচ্ছে। পণ্য উৎপাদন বাড়ছে, কর্মসংস্থান হচ্ছে, ভোক্তা শ্রেণী বাড়ছে। এখানে শীর্ষস্থানীয় পাঁচ কোম্পানির কথা উল্লেখ করা হলোঃ স্কয়ার গ্রুপ স্কয়ার গ্রুপ আজ একটি সুপরিচিত প্রতিষ্ঠানের নাম। এটিই দেশের শীর্ষস্থানীয় কোম্পানি। কিন্তু এর যাত্রা ১৯৫৮ সালে কঠিন পরিস্থিতিতে হয়েছিল। নাম।স্কয়ার গ্রুপ আজ শুধু একটি প্রতিষ্ঠানের নাম নয় এটি একটি সংঘঠন যা গত চার দশকেরও বেশী সময় ধরে বাংলাদেশের অর্থনীতিতে গুরুত্বপূর্ণ অবদান রেখে যাচ্ছে। এর অঙ্গ প্রতিষ্ঠান স্কয়ার ফার্মাসিউটিক্যালস লিমিটেড ১৯৮৫ সাল থেকে বাংলাদেশের ঔষধ শিল্পে শক্তিশালী নেতৃত্বের অবস্থানে অধিষ্ঠিত এবং বিশ্ব ঔষধ শিল্পেও এখন এটি একটি সুপরিচিত বর্তমানে স্কয়ার প্রসাধন, গার্মেন্টস, টেক্সটাইল, তথ্য প্রযুক্তি, স্বাস্থ্য পণ্য, খাদ্যসামগ্রী, হাসপাতালসহ প্রায় সবখাতেই বিস্তৃতির মাধ্যমে বাংলাদেশের অর্থনীতিতে ভূমিকা রাখছে। স্থানীয় ব্যবসা উন্নয়নের মাধ্যমে বেকার সমস্যা সমাধানে অবদান রাখছে এই কোম্পানি।স্কয়ার গ্রপের গড় বার্ষিক টার্নওভার ২০০মার্কিন ডলার। স্কয...

History of Bangladesh's banking sector

The formally known ‘State Bank of Pakistan’ was renamed as ‘Bangladesh Bank’ right after Bangladesh’s independence. The Bangladesh Bank automatically became official foreign exchange reserve institute. It was too accountable for currency control, monitoring exchange and credit control. In the early 1970s, the government decided to permit foreign banks to continue their business and nationalize the local banks. In that very decade of 1970s, the primary concern of the government was to develop the country’s agricultural industry . This resulted in the Krishi Bank extending loans to more farmers. In the later decades, however, the county’s focus shifted to industrialization; resulting in various difficulties in the economic growth process. Lack of proper private activity guidelines and proper methods on loan giving were more significant of these problems. It was not until the late 1980s that these difficulties were being overcome and compensated for the agro sector. However the fin...

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