Rather than assuage the workers by announcing a respectable wage, the wage board has essentially fuelled workers’ outrage and made a mockery of the wage negotiation process
The government should have figured out how to rein in food inflation by now.
Dr MM Akash, professor of economics at Dhaka University, explains what is driving the inflation up in Bangladesh.
Bangladesh has always battled and progressed through crises. But what future awaits us?
Bangladesh government should own up to its mistakes
If there is one indicator that epitomises the government’s mismanagement of the economy in recent times, it is inflation -- which raced to an 11-year high of 9.94 percent in May.
Even though poor people are struggling to make ends meet amid runaway inflation, the government allocation for social safety net programmes may not increase much in the next fiscal year.
Inflation in Bangladesh fell slightly to 9.24 per cent in April, driven by a decline in food prices, although it still remains at an elevated level compared to historic trends, official figures showed yesterday.
Inflation in Bangladesh jumped to a seven-month high of 9.33 per cent in March as food prices rose and the adjustment of oil, gas, and electricity prices took hold, highlighting the pains low-income households are going through.
Anyone with any faith in the market economy knew that the supply issues would be resolved eventually; but no one could possibly know when.
Why cut back on public food distribution programmes when they are needed the most?
It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.