Once approved, this will forever strengthen India’s grip on monopolising regional international internet bandwidth.
The Agency to Innovate (a2i) bill was hurriedly passed on July 5
The government has issued three submarine cable licenses to Summit Communications, CdNet Communications and Metacore Subcom Ltd. Last bastion of state-owned monopoly in telecoms will fall once the private cables emerge from the Bay of Bengal.
Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP. The businesses have also paid bank fees of $120 billion (excluding foreign exchange conversion costs), which amounts to Singapore’s one-third of GDP, said a recent J.P. Morgan analysis.
Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP.
An important job was pending, and “Everybody” thought “Somebody” would do that. “Anybody” could have done it, but “Nobody” did it.
Regulators are like football referees. The latter runs along the ball, as much as he can, across the field and instantly intervenes upon foul play. Players’ stardom or the team’s elite profile is immaterial to him.
Bridges over the mighty rivers have seamlessly connected Bangladesh, the naturally fragmented largest delta in the world. It has prompted the rapid buildout of highways and roads networks to accelerate the nationwide movement of passengers and goods.
Entities under the Ministry of Posts, Telecommunications and Information Technology are reputed for flouting the law.
Internet is keeping the world somewhat walking in the darkest hours of the Covid-19 pandemic. And mobile telephony is the tool that is keeping Bangladesh limping.
Coronavirus (the virus causing the disease Covid-19) has two universal problems: no vaccine or drug has been developed as yet, and the diagnostic tools are scarce.
Bangladesh simultaneously exports and imports international internet bandwidth to and from the same country – India. Such unique-in-the world bandwidth trading started with import when Bangladesh was linked with the single submarine cable:
Bangladesh simultaneously exports and imports internet bandwidth to and from India. Its geographic location and state of international connectivity have contributed to this interesting scenario.
Tarana Halim is the new state minister for posts and telecommunications division under the posts, telecommunications and