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Showing posts from June, 2012

Flood Problem of Chittagong is for real!

Even though the streets of Chittagong being flooded after rainfall were never an issue before, it is in point of fact becoming a tremendous hassle for the citizen of the port city now. Flooded road was a problem for other metropolitan cities like Dhaka and Rajshahi. But in the last few years, Chittagong has been facing this problem even more than Dhaka. After a mild rainfall, the streets of Chittagong get flooded up to knee level. Illegal constructions, unplanned development of the city and medieval sewage system have been pinpointed as the primary reasons behind this problem. Chittagong is more of an international city in Bangladesh than Dhaka in a sense that the Chittagong Port is hub connecting South Asia with South-East Asia. Unexpected flood like this seriously hampers the ever so important communication system of the port city. Chittagong City Corporation and the city developers must mark this is a big problem and take quick action to resolve this. Just a decade ago

Order for removal of all commercial set-ups in Dhanmondi

For the preservation of the residential area’s environment and its title, the High Court declared the presence of all commercial operations illegal. The decision was made on an injunction ordering the govt. authorities to issue legal notices and setting a time limit for the owners of the institutions for the removal of the places. This decision however excludes all the legal commercial places in Dhanmondi- 2, Dhanmondi- 27, Mirpur Road and Satmasjid Road. The High Court has ordered the authorities of Maple Leaf International School to move all their branches from the Dhanmondi Residential Area by the end of 2015, within which time t he School authorities are to be responsible for the traffic jam caused during the School hours, and are also to control the jam with their own man power. According to the Petitioners’ council confirmed that all institutions including, schools, colleges, Universities, and even Hospitals set-up in the residential area must be shifted as per this

The Sahara shadow is getting darker

The government recently made a deal with Sahara India Parivar, allowing them to invest in the real estate sector. The government has also given them 100 thousand acres of land around Dhaka to develop a modern satellite township. In usual state of affairs, local real estate companies have protested this move. They have their grievances because the government had not been able to provide them with adequate land and other amenities for years. Why this sudden change in policy and that too for a foreign company? Real Estate and Housing Association of Bangladesh and Bangladesh Land Development Association asked the government to hold a meeting with them to discuss this issue before sealing the deal with Sahara India Parivar. They said that if the government can provide them with the same civic amenities and the same amount of land, they can make at least an equally good plan like Sahara India Parivar. Their reasoning is simple – why head for an Indian company when the local player

Private Investments Decreased in current fiscal

In the last two fiscal years, the private investment in the various industrial sectors of Bangladesh has decreased. This was caused by both the downgrading global economy and a few internal issues like shortage of power, infrastructural barriers, fluctuating inflation rate, frequent changes in policies and strict credit rate. The recent survey conducted by Bangladesh Bureau of Statistics found that private investment dropped down 0.37 percent in the ongoing fiscal year. This is the second time this situation has occurred in the last 20 years. The other time it happened was in 2009. A few roundtable meetings held by the Centre for Policy Dialogue discussed about this problem and highlighted three issues as the biggest factors of the decrease in private investment. One of the major problems behind this incidence is the poorly founded infrastructure of the financial institutes, government policies and the coordination between the government and the private investors. Diff

Bangladesh : Export Oriented and Export Linkage Industries

Bangladesh is now focusing mostly on export oriented businesses and it is gaining significant success. Currently, promotion of export oriented business is the first priority of the government of Bangladesh. Companies exporting at least 80% of their products or services are to be considered as export oriented businesses. These products also include IT-related goods. The following fiscal and non fiscal incentives are to be provided to bring 100% export oriented businesses: i. Tax free machinery and spare parts importing ii. A flat rate has been established for any exportable item and it is duty free iii. 90% credit against non negotiable sale agreements iv. A prescribed rate for all ready made garment industries and other raw material using export oriented industries v. Export oriented businesses will have the facility to handle a certain amount of foreign currencies vi. Export-oriented cottage industries will be 100% free from income tax vii. Importing banned/ reser