The Monetary Authority of India, vis., The Reserve Bank, kept the interest rates unchanged belying the expectations of the market. This has been done to maintain the financial and price stability. In its third quarter of review of Credit Policy, the Apex Bank, did not also change its projections of the growth rate from […]
Managing Conflicts in Our Lives
There is not one single individual, ever, in this world, who has not experienced conflict, in his or life. When conflict happens within a person, it is called intra-personal conflict. If it happens between persons, it is called inter-personal conflict. Both types of conflicts happen in our everyday lives. If for example, we find that […]
Current Economic Situation of Bangladesh
The economic situation of Bangladesh is motionless at this moment under the power of caretaker government. Recently, Chief Adviser (CA) Fakhruddin Ahmed said at a press conference that the country’s current economic slowdown will be over as the interim government has already taken some measures, including formation of a private-public business forum, to address the […]
Growth scenario: Hiding the reality
Bangladesh’s per capita GDP has more than doubled since 1975. The growth of GDP has been slow in the 1980s, at an annual average of 1.6% a year, but it accelerated to 3% in the 1990s, and to about 2% in more recent period. The acceleration resulted partly from a slowdown in population growth but […]
US Economy-Recession, Depression, or Collapse?
“For Consumers, the Hits Keep Coming” a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers, rather than as active citizens, the US economy will enter at least a recession, probably a depression, […]
THE WORLD BANK’S INSIDIOUS WAYS
The World Bank works under IMF guidelines, which are dictated by the US Treasury Department. Over the past three decades especially, the IMF and the World Bank have run a powerful “creditors’ cartel”. Developing countries that do not meet the IMF’s conditions will generally not get credit from the much larger World Bank. These conditions […]