Govt turned banking sector an orphan: CPD

[bluesky]

You are increasingly more pessimistic these days too buddy. BD is doing ok (its PPP growth for example)....there is an inherent improvement going on that will take time to disseminate into the base that is experienced by majority of its people....which will in turn sustain them hopefully to push for more from their political elite that exploits them.

Not exactly that I am growing more pessimistic. It is only that I have seen more of the real BD than your data will show. It is true that the country has progressed much better comparing to many countries of the world and it shows higher performance in many indexes.

But I feel the progress may not reach to a level whereby it is self-sustained when the country depends only on foreign countries' aid and technical assistance, whereas some members here are gloating about a Europe-level development by 2041 here at a time when more than 20 million people still live in dire poverty, many people have no jobs or they are in disguised employment without really producing any thing.

Situation can change only with the more infusion of technically trained manpower along with the development of metallurgy, electrical, mechanical and civil engineering. But, this is not happening. Everything that needs brainpower, knowledge and experience are imported from the developed countries. Do you really think BD will really develop in this way?

Bd must follow the Indian model of developing whereby the Indian companies are allowed to build up their capabilities, and they build all the heavy constructions like barrages, dams, bridges, sea walls. Its companies manufacture all the mechanical components and machines etc. etc. Unless we go by this formula that were the cause of development of all the developed countries, a time is certainly coming when BD will see a negative growth.

 

[Skies]

If growth rate was better from 2000-2009 , then why BNP was failing in various sectors , and BAL is successful in such fields like electrity , reducing extreme poverty etc etc ? Honestly I haven't very clear idea about it . Some comparative statements from you will be helpful.
@Nilgiri

Keeping aside all the deceptions and corruptions by BAL:

BAL gave special focus on electricity and roads and flyovers. Cos it knows people will notice these more.

And about poverty reduction...I think it has improved because of BAL's ICT focus and internet connectivity as people have more access to information.

Also BAL has multiple talent pool teams which work on research based plans and innovation.

BNP has lots of things to learn from BAL. BAL knows how to make you dream.

I am hopeful that if BNP gets another chance (unlikely though), it will hire 1000 highly talent people to formulate development plans and long term vision.

Unfortunately, I would say that BNP should go for a deal with India and make India assured that if BNP comes the interest of India will not be harmed. If anything happens, it will be inside BD, and will not harm India. Otherwise, I do not see any chance for BNP and any other party.

 

[Centaur]

BAL gave special focus on electricity and roads and flyovers. Cos it knows people will notice these more.

Exactly, as a hungry man want food at any cost you know. Then come other necessary needs.
BNP not only failed to realized that but also became proud, because of brute majority (200+ seat) with the help of Jamat, they thought they became invincible.
And this pride became the cause of their fall. I hope they have learnt a lesson already and this lesson will be big because they are not going to be elected in next election .

You see after BAKSHAL era Awami League was out of power for 21 years ? Now this is happening for BNP.
If BNP will rise again with its true ideology aka the ideology of Muslim league, and also even if Awami League became the Awami League of Sohrawardi , still IMHO in Bangladesh Muslim league always have better chance.
So in future BNP will be in power again, but it need to follow it's Muslim league heritage.

And about poverty reduction...I think it has improved because of BAL's ICT focus and internet connectivity as people have more access to information

Actually BAL is visionary and BNP is not. But I wish BNP will recover in future.

BNP has lots of things to learn from BAL. BAL knows how to make you dream.

Exactly , this is a piece if gem from you honestly speaking.
As long as BNP and its cult like supporters realize this truth instead of lip service , that will be better for BNP and Bangladesh.

I am hopeful that if BNP gets another chance (unlikely though), it will hire 1000 highly talent people to formulate development plans and long term vision.

Surely they will get another chance and will be elevated .
Don't forget brother, BAL was out from power for 21 years.
Just bnp need to choose proper leader instead of family dynasty .
Mrs zia has no political heritage I don't blame her. I.have no idea why after death of her husband Mr ziaur rahman she was elected as BNP leader , it's surprising. A loving housewife of an army General choose to lead a nation, that was too much unwise.
On the other hand BAL made the same mistake choosing hasina as BAL leader , but BAL was not even historically founded by her father. Still hasina became clever in that term but sadly Khaleda zia failed to develop her political career in previous 2 terms. So surely BNP need a new leader outside zia family .
(On the other hand same goes for BAL. I don't see any activity of Joy directly in politics. So who is going to be next BAL leader? Time will tell us , but that's different argument. ).

Unfortunately, I would say that BNP should go for a deal with India and make India assured that if BNP comes the interest of India will not be harmed. If anything happens, it will be inside BD, and will not harm India. Otherwise, I do not see any chance for BNP and any other party.

Mate this is the mistake we BD folks make, we over estimate India, and exactly India want this ( over estimation) .
Please read this series thoroughly from muldhara BD . you will know the reality. India is nothing but a barking dog.
The real controller of our politics is a different power and that is not anti Bangladesh but lets leave this subject for another day because we don't have any proof. IMHO we have to be freed from india phobia. India can't feed it's own folks, hungry peoples in India are more in number than the total population of BD and Pakistan, So how can they harm us? Yes they try it but they aren't so strong as they pretend to be.
The real difference between us and Pakistanis are we are afraid of India and they aren't.

We always remain afraid that R&AW will do this, do that, they can kidnapp us any time bla bla bla.....

In short we are always afraid of R&AW, but don't try to learn the reality . And R&AW actually want this, they want us to fear them by our fallacious over estimation , because this is the perfect way to rule peoples, and exactly this is the purpose of R&AW.

Take your time and read that series, you will know with reference that even Indian army is suffering because they lack modern war tools. So why do we suffer from Indian ghost/deo/juju ?
However you can browse their Facebook page, there are also reference with screen shot that sohrawardi was against language movement and he wanted urdu as language of Pakistan . They provided screen shots but I did not save them , so if you are interested, search this page later my friend. If you can't browse this site or page, use vpn, as BAL govt puted some restriction on this website at past .
Regards
@Skies

 

[Skies]

Mate this is the mistake we BD folks make, we over estimate India, and exactly India want this ( over estimation) .
Please read this series thoroughly from muldhara BD . you will know the reality. India is nothing but a barking dog.
The real controller of our politics is a different power and that is not anti Bangladesh but lets leave this subject for another day because we don't have any proof. IMHO we have to be freed from india phobia. India can't feed it's own folks, hungry peoples in India are more in number than the total population of BD and Pakistan, So how can they harm us? Yes they try it but they aren't so strong as they pretend to be.
The real difference between us and Pakistanis are we are afraid of India and they aren't.

We always remain afraid that R&AW will do this, do that, they can kidnapp us any time bla bla bla.....

In short we are always afraid of R&AW, but don't try to learn the reality . And R&AW actually want this, they want us to fear them by our fallacious over estimation , because this is the perfect way to rule peoples, and exactly this is the purpose of R&AW.

Take your time and read that series, you will know with reference that even Indian army is suffering because they lack modern war tools. So why do we suffer from Indian ghost/deo/juju ?
However you can browse their Facebook page, there are also reference with screen shot that sohrawardi was against language movement and he wanted urdu as language of Pakistan . They provided screen shots but I did not save them , so if you are interested, search this page later my friend. If you can't browse this site or page, use vpn, as BAL govt puted some restriction on this website at past .
Regards
@Skies

Thank you. My suggestion about going for a deal with India was based on current situation when we are internally vulnerable and not united.

What you are saying now that "we over estimate India", I used to say it all day long 10 years ago in this forum. Now I have understood that we can not underestimate India because of BAL. It used India to come into power. For example, in past India used to instigate CHT movement in tribal areas of BD, then Hasina made deal with India in 1996, come in power, worked for India's interest and the CHT issue was closed. If you do not care India, India will simply use BAL to create problem again. Like, you will see incident like BDR mutiny by RAW and facilitated by BAL.

So basically unless BAL and BNP have similar policy for India, we have to count India. In fact, India will be concerned about us if we can be united on India policy. We can only ignore India, if there is no BAL or BAL and BNP have similar view on India.

 

[Centaur]

Thank you. My suggestion about going for a deal with India was based on current situation when we are internally vulnerable and not united.

What you are saying now that "we over estimate India", I used to say it all day long 10 years ago in this forum. Now I have understood that we can not underestimate India because of BAL. It used India to come into power. For example, in past India used to instigate CHT movement in tribal areas of BD, then Hasina made deal with India in 1996, come in power, worked for India's interest and the CHT issue was closed. If you do not care India, India will simply use BAL to create problem again. Like, you will see incident like BDR mutiny by RAW and facilitated by BAL.

So basically unless BAL and BNP have similar policy for India, we have to count India. In fact, India will be concerned about us if we can be united on India policy. We can only ignore India, if there is no BAL or BAL and BNP have similar view on India.

Well let's see what happen in future . But one thing we shouldn't forget that if India has R&AW , then we have DGFI . However since the work of DGFI is not known to everyone, then let's remain silent and wait for the future. Just let's pray to Allah for the better future of our country Bangladesh.
@Skies

 

[Nike]

https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?pr.x=67&pr.y=15&sy=2000&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,564,534&s=NGDPDPC,PPPPC&grp=0&a=

Over the last 5 years or so (2012 - 2017):

BD claimed to grow its nominal per capita by 75%, but its PPP increased by 41% only. (Total difference = 34% in the wrong direction)

Compare this for India in same time period: 34% increase in nominal per capita, but 43% increase in PPP (total difference = 9% in the right direction)

Pakistan: 23% increase in nominal, 21% increase in PPP (2 % in the wrong direction)

Right and wrong direction is governed by the overall direction of trade, investment from foreign liquidity pools (i.e delta imprint of their local currency vis a vis global reference the USD) for this region from the world....i.e Consumption/Foreign CA/ Cap A trends.

Heck compare to your own self since you want to go back to 2000:

From 2000 to 2012 for BD:

122% in nominal per capita, 119% for PPP. (only a 3% difference).

So don't frigging launder into a whole time period the BS that's going on now (in last 5 or so years) w.r.t BBS crap (CLEARLY showing up in the household income stagnation)...Bangladesh now is laundering a magnitude more inflation into its nominal than before (and compared to regional peers by far), its crystal clear.

@Skies @Ashes @Tanveer666 @bluesky @Chak Bamu @Xlvee01 @django @Zibago

Bd banking sector conditions right now is much more like what our had before 1997 Economic crisis in which will lead to political and socio Economic crisis of 1998. There is much similarities here and there, like self gloating hyper Economic growth of more than 8 per cent per year, uncontrolled of lending and unhedged credit to bangladesh private sector (much had affiliates and relationship toward powerful faction in government), there is weak control of central bank toward private bank, and so on.

Just wish they can rectify the problems sooner before it became too late

 

[bluesky]

Just wish they can rectify the problems sooner before it became too late.

Considering the quagmire of the political situation in BD, it is no one who will have the ability to bell the cat and fix the disease. Not only the GoB, I personally know a few factory owners who own millions to the Bank. They make quite a good profit in the business. But, they would buy properties instead of paying back the money. Judicial system is too weak to rectify the situation. I mean the number of "defaults by choice" is so high that it is impossible for the Banks to get back their money through judicial channel.

 

[Nilgiri]

Considering the quagmire of the political situation in BD, it is no one who will have the ability to bell the cat and fix the disease. Not only the GoB, I personally know a few factory owners who own millions to the Bank. They make quite a good profit in the business. But, they would buy properties instead of paying back the money. Judicial system is too weak to rectify the situation. I mean the number of "defaults by choice" is so high that it is impossible for the Banks to get back their money through judicial channel.

So it inevitably will become glass floor and emperor's new clothes type of situation in the end....and average BD people again will suffer the most rather than the corrupt ones...who will abscond, recycle and return (if they even bother to).

@Skies @Centaur

 

[bluesky]

So it inevitably will become glass floor and emperor's new clothes type of situation in the end....and average BD people again will suffer the most rather than the corrupt ones...who will abscond, recycle and return (if they even bother to).
@Skies @Centaur

Either the govt pays back the money it owes to the banks or the banks will go bankrupt. It is same for the private people who owe money to the banks. In some cases, the govt may force the industries to pay, but the latter may choose to close their operations and declare bankrupt.

On the other hand, the government may choose to pay back much of the borrowed money by PRINTING and circulating new money every year. A national economy has certain limits in printing new paper notes. So, when it exceeds the norm, it will cause a non-reversible inflation, when, yes, the poor will only suffer because of the high commodity price. Hyper inflation happened to many of the countries in Latin America in the recent past. I wonder, if BD is not moving in that direction.

 

[bluesky]

Well let's see what happen in future . But one thing we shouldn't forget that if India has R&AW , then we have DGFI . However since the work of DGFI is not known to everyone, then let's remain silent and wait for the future. Just let's pray to Allah for the better future of our country Bangladesh.
@Skies

It was the time when General Moeen came to the caretaker govt., and I was dumbfound by the charges DGFI was placing against the politicians of main parties. It seemed that DGFI knew everything of everyone who was something in the country. It was that time that Begum Zia was sued for the misappropriation for Zia Charitable Fund. I think, DGFI is doing the same kind of job still today. Its spy network is very strong and off limit to the civilian executives of the country. Even it had planted a BD Hindu in the Indian RAW.

 

[bluesky]

And about poverty reduction...I think it has improved because of BAL's ICT focus and internet connectivity as people have more access to information.

How on Earth the poverty reduction of very poor can be related to ICT and internet connectivity, which is monopolized by the high middle class and rich class?

 

[Centaur]

It was the time when General Moeen came to the caretaker govt., and I was dumbfound by the charges DGFI was placing against the politicians of main parties. It seemed that DGFI knew everything of everyone who was something in the country
It was that time that Begum Zia was sued for themisappropriation for Zia Charitable Fund

Indeed . The govt inside govt is DGFI, I believe and
I believe actually they control our polical fate not R&aw.

Think about 1996 election at 15 February. How long BNP survived?
And now about 2014 election. BAL not only surviving, but also they will be in power atleast for another time.

And Bnp is screwed up, and probably it will continue atleast for next election. A possibility of rising of 3rd party by his hand who ( manna) was a planner of "minus two" after 1/11. Although not sure yet about it, I just can hope.
Khaleda zia in jail ,Tareq will be arrested immediately if he returns.
So bnp has no other option but either to take part election without zia family or wiped off completely so than another party that hold Muslim league heritage replace them.
Will they take the risk? let's wait and see .

I think, DGFI is doing the same kind of job still today. Its spy network is very strong and off limit to the civilian executives of the country.

Indeed they will do that forever as it's necessary for surviving a nation that most of most of common folks don't even try to think about this . For them their political govts are real govt, it's natural for them, but some cult like supporters of BAL and BNP don't even try to use their brain beyond what they can see in bare eyes .
And that's why in human history always majority of peoples was ruled and controlled by few peoples.

 

[Skies]

How on Earth the poverty reduction of very poor can be related to ICT and internet connectivity, which is monopolized by the high middle class and rich class?

May be farmers get better information using mobile which is also a device for availing ICT services by govt. Not so sure.

Also increase of outsourcing job may be.

Also access to entrepreneur funds (e.g grameen lab) by the rural people where they report (e.g daily sales) back using online service.