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All of these projects that are built on borrowed money is going to kill any economic progress Bangladesh had made so far. The same thing happened to Pakistan and will repeat in case of BangladeshTwelve new mega projects are in progress in Bangladesh and are being launched this September/October 2023, all the projects are in final stage.
Not a single one of these projects are show piece. Constructing power plants, railways, expressways, tunnel, airport terminal, metro rail, BRT are not showpiece. each of these projects has huge economic returns for Bangladesh. Showpiece projects are many of your Metrorail, like Jaipur metro, built hurriedly without much thought or planning just to jump into metro rail bandwagon.All of these projects that are built on borrowed money is going to kill any economic progress Bangladesh had made so far. The same thing happened to Pakistan and will repeat in case of Bangladesh
You borrow huge sums and get expertise from abroad to build some show piece projects to hype some economic development. Reality will dawn soon.
Lol. Your revenue collection is increasing? How? This year it increased by 8% with supposed growth rate of 6% and inflation of 9%. Your tax to GDP ratio has actually come down because of it. Not to mention taka has depreciated by 20% over the same period. It is GOB revenue that pays for these show pieces not made up GDP.Not a single one of these projects are show piece. Constructing power plants, railways, expressways, tunnel, airport terminal, metro rail, BRT are not showpiece. each of these projects has huge economic returns for Bangladesh. Showpiece projects are many of your Metrorail, like Jaipur metro, built hurriedly without much thought or planning just to jump into metro rail bandwagon.
Utility of these projects are in no doubt. But big question mark remain about repaying debt. Debt is not a problem in a growing economy with healthy revenue collection. If revenue collection improves in the coming year, repaying these loan will not be a problem. Bangladesh's fundamentals of economy are much different than Pakistan. I would no dwell details of these difference. Just two important difference-
1.Gross capital formation in Bangladesh is 32 percent of GDP, while it is just 15 percent of GDP in Pakistan.
2.Age dependency ratio as a percentage of working age population is 47 in Bangladesh while it is 69 for Pakistan.
You hanuman looking bhakts have a bad habit of evoking Pakistan example too much.
I would not mind Bangladesh getting a short term economic shock to end it's govt's complacent slumber which they are engaged for too long. It was always on low earning, low spending mode for all of those decades after the independence. Only in the last few years, it broke with that tradition with foreign funded mega infrastructure projects. As until now, low earning did not create any problem because spending was also low. But with all these costly infrastructure projects, govt. will be forced to take some real concreate steps to increase it's revenue collection otherwise will face a Sri Lanka like violent overthowing. As Bangladesh never suffered any economic crisis in the past, govt. became complacent, incompetent and slow to move, always neglected hard economic reform. But with IMF now on the scene and some real economic pain started to bite they will be forced to abandon their complacent business as usual policy which became untenable.Lol. Your revenue collection is increasing? How? This year it increased by 8% with supposed growth rate of 6% and inflation of 9%. Your tax to GDP ratio has actually come down because of it. Not to mention taka has depreciated by 20% over the same period. It is GOB revenue that pays for these show pieces not made up GDP.
All of them are over priced show pieces, I can wait till this becomes evident. Even Pakistanis said the same when they started CPEC.
Any statistics coming out of government department like BBS are not trust worthy.
Also there is this factor.
By the end of May, the deficit in the financial account stood at $2.58 billion, whereas there was a surplus of $13.37 billion a year earlier.
The broadening financial account deficit will likely strain the exchange rate further. When the value of a currency decreases, the cost of servicing foreign loans in private accounts increases. This, in turn, puts pressure on forex reserves and further escalates inflation due to increased import expenses.
You'll find Bangladesh in the same path as Pakistan shortly. With an external debt of $97 billion and forex reserves of only $23 odd billion and coming down, you are closer there than ever before. Good luck.
Jaipur metro? India spends its own money for all metros. And they are built by our own companies. We are not nincompoops for getting expertise from outside for everything. Jaipur is a tourist destination has more foreign visitors visiting there than your entire country.
Estimated cost of the east–west corridor of the Jaipur Metro is ₹3,149 crore (US$390 million).[24] The state government would be directly funding ₹600 crore (US$75 million) while the rest would be borne by other wings of state urban development and housing departments. The Phase-II is expected to cost ₹6,583 crore (US$820 million) crore for which government is mulling over PPP mode.[25]
All of these projects that are built on borrowed money is going to kill any economic progress Bangladesh had made so far. The same thing happened to Pakistan and will repeat in case of Bangladesh
You borrow huge sums and get expertise from abroad to build some show piece projects to hype some economic development. Reality will dawn soon.
Lol. Your revenue collection is increasing? How? This year it increased by 8% with supposed growth rate of 6% and inflation of 9%. Your tax to GDP ratio has actually come down because of it. Not to mention taka has depreciated by 20% over the same period. It is GOB revenue that pays for these show pieces not made up GDP.
All of them are over priced show pieces, I can wait till this becomes evident. Even Pakistanis said the same when they started CPEC.
Any statistics coming out of government department like BBS are not trust worthy.
Also there is this factor.
By the end of May, the deficit in the financial account stood at $2.58 billion, whereas there was a surplus of $13.37 billion a year earlier.
The broadening financial account deficit will likely strain the exchange rate further. When the value of a currency decreases, the cost of servicing foreign loans in private accounts increases. This, in turn, puts pressure on forex reserves and further escalates inflation due to increased import expenses.
You'll find Bangladesh in the same path as Pakistan shortly. With an external debt of $97 billion and forex reserves of only $23 odd billion and coming down, you are closer there than ever before. Good luck.
Jaipur metro? India spends its own money for all metros. And they are built by our own companies. We are not nincompoops for getting expertise from outside for everything. Jaipur is a tourist destination has more foreign visitors visiting there than your entire country.
Estimated cost of the east–west corridor of the Jaipur Metro is ₹3,149 crore (US$390 million).[24] The state government would be directly funding ₹600 crore (US$75 million) while the rest would be borne by other wings of state urban development and housing departments. The Phase-II is expected to cost ₹6,583 crore (US$820 million) crore for which government is mulling over PPP mode.[25]
Dhaka Metro rail is a success! Already so many people are using it. I can not imagine the crowd when all the stations up to Motijheel will open. Crowd will increase at least 6-7 times of this! More people need to buy MRT pass to avoid this queue.
@Bilal9 Bhai look at this video.
I don't think arrest will be needed. Bangladeshi people are a lot more civilized than some other country nearby. Unlike there, people in Bangladesh are comparatively well behaved, polite and do not engaged in shameful and uncivilized activities like urinating, slapping, taking weed, becoming naked, masturbating, drunken rowdy behavior and fighting in Metro Rail. Unlike some ''Vaarld class metro'' where sexual harassment is rampant, I have yet see any complaint in case of Dhaka metro. One vlogger from there was also surprised that, unlike their Metro stations, Dhaka metro stations contain toilets and do not require security check at entrance gates. So things are a lot more peaceful and civilized here.Yeah they should keep ticket prices at present levels to prevent undisciplined crass people from entering the station. Passenger load will only increase and with that - profitability. They should also strengthen the Metro Police with appropriate training and tools so they can stave off vandals. One or two exemplary arrests will send the right message.
I think a lot of people from outside Dhaka are also "trying out" the metro. It is not Dhaka business and recreational commuters alone.
You mean this traveller? I know this is truly world class.I don't think arrest will be needed. Bangladeshi people are a lot more civilized than some other country nearby. Unlike there, people in Bangladesh are comparatively well behaved, polite and do not engaged in shameful and uncivilized activities like urinating, slapping, taking weed, becoming naked, masturbating, drunken rowdy behavior and fighting in Metro Rail. unlike some ''Vaarld class metro'' where sexual harassment is rampant, I have yet see any complaint in case of Dhaka metro. One vlogger from there was also surprised that, unlike their Metro stations, Dhaka metro stations contain toilets and do not require security check at entrance gates. So things are a lot more peaceful and civilized here.
I don't think arrest will be needed. Bangladeshi people are a lot more civilized than some other country nearby. Unlike there, people in Bangladesh are comparatively well behaved, polite and do not engaged in shameful and uncivilized activities like urinating, slapping, taking weed, becoming naked, masturbating, drunken rowdy behavior and fighting in Metro Rail. unlike some ''Vaarld class metro'' where sexual harassment is rampant, I have yet see any complaint in case of Dhaka metro. One vlogger from there was also surprised that, unlike their Metro stations, Dhaka metro stations contain toilets and do not require security check at entrance gates. So things are a lot more peaceful and civilized here.
Look at the Indian trolls descending on any thread we open here in the Bangladeshi section, just by observing their crass low-life gandhey habits and nakhastha behavior you can deduce what the rest of the uneducated people in India are like - which is far worse.
These here in PDF can at least read/write some English and are at least middle class, posting on cheap cellphones.
But these bhangis (lord help them) are a blight to humanity. No one likes them or their habits.
I have seen them get on Mumbai to Sydney flights and start harassing the Qantas staff immediately for Scotch, water or whatever it is that they want. Bunch of lower middle class suwars with new money. It's as if they have to get their money's worth before they get off the plane.
And we have all seen instances of petty thievery from hotels with seemingly well-off Bhakt families - they are all over YouTube.
Just mostly semi-educated low grade people, that is all - with no scruples or decency.
I think there should be a rule that if anyone allows these "new Indians" anywhere near their airport, their workplace, they should have a different set of rules to deal with these suwars, a much tougher rule.
No surprise that they are universally reviled everywhere they go, giving a bad name to the few educated decent Indians.
Here are a list of the world's worst five slums in India, and these bhakt Suwars question why their ilk have to come to Bangladesh to work and remit money.
The Indian slum population is growing steadily, doubled over the last two decades. According to 2011 census, around 6.5 crore of Indian population live in slums, of which 1.18 crore live in Maharashtra. The present population living in the Indian slum is more than the British population.
1. Dharavi Slum, Mumbai
View attachment 939004
Suburbs vs slums: Stark dividing line between rich and poor in the world’s most unequal cities is laid bare in aerial image Mumbai, India. On the bottom of the image is the edge of the Dharavi slum, once the largest in India and the setting for the film Slumdog Millionaire.
Mumbai, ‘The Dream City’ houses India’s largest slum area known as Dharavi. Asia’s biggest slum Dharavi has an area of just over 2.1 and about 1,000,000 inhabitants. Dharavi is one of the world’s most densely populated regions with population densities of more than 277.136/. Since Dharavi is located between the two main sub-urban railway lines in Mumbai, most people find it convenient to live for work here. It offers a cheap alternative, since rent is low. Dharavi also made it to the Asian list of ’10 Travellers’ 2019 choice experiences.
2. Bhalswa Slum, Delhi
View attachment 939005
Children living in the slum next to the Bhalswa landfill, Delhi suffer soil, water, air contamination of Delhi’s urban waste. Deadly methane emitted exacerbates the Climate Crisis.
The government may have covered the Garbage Mountain with grass and mud, but it does not conceal the slums that are based there. It is said that more than 24 per cent of Delhi’s population live in slums. With a population of about twenty two thousand, the Bhalswa slum is one of the most densely populated parts of the capital. These slums are tending towards the Yamuna river bank. The inhabitants here come from the different parts of Delhi. The government of Delhi resettled residents from various other slums here with the aim of cleaning up the area.
3. Nochikuppam slum, Chennai
View attachment 939006
Nochikuppam is an urban slum located at the end of Marina beach, home to even more than a thousand families, most of whom are fishing occupants. Around 5,000 families live below poverty level in this slum and they don’t have enough money to eat two meals a day. Nochikuppam was severely hit by the tsunami of 2004 and was submerged in the 2015 floods for days. Harsh cyclones like Varadah had all uprooted and yet for years the dwellers have faced the odds unflinchingly.
4. Rajendra Nagar Slum, Bangalore
View attachment 939007
Bangalore the ‘IT hub of India’ alone houses 570 slums in state out of around 2000 slums in all. It is estimated that around 20 per cent of the population in Bangalore resides in slums. The families living in the slum aren’t willing to move into the temporary shelters, saying staying under a flyover is unfair and dangerous. Though the Bangaloreans condemn the presence of this slum because they believe the inhabitants were rehabilitated. Like other slums, this slum lacks the essential hygienic, nutritional and water requirements.
5. Basanti Slum, Kolkata
View attachment 939008
‘The City of Joy’ Kolkata has a slum zone known as the Basanti slum. It is one of Kolkata’s most critical slum areas. Once you see the famous Howrah Bridge, you see the slums on both sides of the road, too. According to the census one third of Kolkata’s population live in this slum. Every day is a new battle for the people who live there. They find it very difficult to make a livelihood with the epidemic that is spreading because of an uptick in the unhygienic environment.
Gabriel Traveler like to explore both good and bad part of the cities he visit. His Indian videos are also not so good looking. Check his Indian videos.You mean this traveller? I know this is truly world class.
Which idiot told you that we don't have toilets in metro?
Bangladesh is truly from another world.
ভারতকে একদম ল্যাংটা করে ছেড়ে দিয়েছেন ভাই। অভিনন্দন আপনাকে।Look at the Indian trolls descending on any thread we open here in the Bangladeshi section, just by observing their crass low-life gandhey habits and nakhastha behavior you can deduce what the rest of the uneducated people in India are like - which is far worse.
These here in PDF can at least read/write some English and are at least middle class, posting on cheap cellphones.
But these bhangis (lord help them) are a blight to humanity. No one likes them or their habits.
I have seen them get on Mumbai to Sydney flights and start harassing the Qantas staff immediately for Scotch, water or whatever it is that they want. Bunch of lower middle class suwars with new money. It's as if they have to get their money's worth before they get off the plane.
And we have all seen instances of petty thievery from hotels with seemingly well-off Bhakt families - they are all over YouTube.
Just mostly semi-educated low grade people, that is all - with no scruples or decency.
I think there should be a rule that if anyone allows these "new Indians" anywhere near their airport, their workplace, they should have a different set of rules to deal with these suwars, a much tougher rule.
No surprise that they are universally reviled everywhere they go, giving a bad name to the few educated decent Indians.
Here are a list of the world's worst five slums in India, and these bhakt Suwars question why their ilk have to come to Bangladesh to work and remit money.
The Indian slum population is growing steadily, doubled over the last two decades. According to 2011 census, around 6.5 crore of Indian population live in slums, of which 1.18 crore live in Maharashtra. The present population living in the Indian slum is more than the British population.
1. Dharavi Slum, Mumbai
View attachment 939004
Suburbs vs slums: Stark dividing line between rich and poor in the world’s most unequal cities is laid bare in aerial image Mumbai, India. On the bottom of the image is the edge of the Dharavi slum, once the largest in India and the setting for the film Slumdog Millionaire.
Mumbai, ‘The Dream City’ houses India’s largest slum area known as Dharavi. Asia’s biggest slum Dharavi has an area of just over 2.1 and about 1,000,000 inhabitants. Dharavi is one of the world’s most densely populated regions with population densities of more than 277.136/. Since Dharavi is located between the two main sub-urban railway lines in Mumbai, most people find it convenient to live for work here. It offers a cheap alternative, since rent is low. Dharavi also made it to the Asian list of ’10 Travellers’ 2019 choice experiences.
2. Bhalswa Slum, Delhi
View attachment 939005
Children living in the slum next to the Bhalswa landfill, Delhi suffer soil, water, air contamination of Delhi’s urban waste. Deadly methane emitted exacerbates the Climate Crisis.
The government may have covered the Garbage Mountain with grass and mud, but it does not conceal the slums that are based there. It is said that more than 24 per cent of Delhi’s population live in slums. With a population of about twenty two thousand, the Bhalswa slum is one of the most densely populated parts of the capital. These slums are tending towards the Yamuna river bank. The inhabitants here come from the different parts of Delhi. The government of Delhi resettled residents from various other slums here with the aim of cleaning up the area.
3. Nochikuppam slum, Chennai
View attachment 939006
Nochikuppam is an urban slum located at the end of Marina beach, home to even more than a thousand families, most of whom are fishing occupants. Around 5,000 families live below poverty level in this slum and they don’t have enough money to eat two meals a day. Nochikuppam was severely hit by the tsunami of 2004 and was submerged in the 2015 floods for days. Harsh cyclones like Varadah had all uprooted and yet for years the dwellers have faced the odds unflinchingly.
4. Rajendra Nagar Slum, Bangalore
View attachment 939007
Bangalore the ‘IT hub of India’ alone houses 570 slums in state out of around 2000 slums in all. It is estimated that around 20 per cent of the population in Bangalore resides in slums. The families living in the slum aren’t willing to move into the temporary shelters, saying staying under a flyover is unfair and dangerous. Though the Bangaloreans condemn the presence of this slum because they believe the inhabitants were rehabilitated. Like other slums, this slum lacks the essential hygienic, nutritional and water requirements.
5. Basanti Slum, Kolkata
View attachment 939008
‘The City of Joy’ Kolkata has a slum zone known as the Basanti slum. It is one of Kolkata’s most critical slum areas. Once you see the famous Howrah Bridge, you see the slums on both sides of the road, too. According to the census one third of Kolkata’s population live in this slum. Every day is a new battle for the people who live there. They find it very difficult to make a livelihood with the epidemic that is spreading because of an uptick in the unhygienic environment.