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Tuesday, September 30, 2025
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Biru Paksha Paul

OPEN SKY

The corona-clenched economy: Changes and policies

Alan Greenspan, who led the US Federal Reserve for two decades, was summoned in congress and testified that the financial crisis of 2008-2009 was an economic tsunami which could happen once in a century.
18 April 2020, 18:00 PM

Time to reform the finance ministry for robust growth

It is hard to achieve a growth of around 8 percent, and it will be even harder to maintain this trend unless we reform our ministry of finance (MOF) to steer the economy in the right direction. An MOF is usually the chief conductor of the orchestra of a country’s
9 September 2019, 18:00 PM

Budget FY2019-20: New directions, old roads

This is the first time we noticed a prominent leader of the opposition using an appropriate word, “ambitious”, to describe the budget, instead of branding it as “anti-people.” This is a good sign because the first budget for a new finance minister should be forward-looking.
15 June 2019, 18:00 PM

Saving our ailing banking sector

Bangladesh's banking sector faces a number of major challenges including rising nonperforming loans, credit concentrations, poor
26 March 2019, 18:00 PM

The vicious impact of bureaucracy in business

When we were students, we hated red tapism—we spoke and wrote against it and vowed to change it in the future. But after being recruited into government service, we forgot our old promise, or dared not to talk about it.
16 February 2019, 18:00 PM

A note on re-fixing interest rates on Sanchayapatra

Finally, the government has decided to re-fix interest rates on National Saving Certificates (NSCs) or Sanchayapatra. Hopefully, it will
4 August 2018, 18:00 PM

Quota issue from an economic perspective

Truth shall prevail against lies and falsehood. And economic truths are often ruthless.
28 July 2018, 18:00 PM

Crisis of skills and soaring unemployment

The recent quota movement, which was somehow quelled defying the logic of merit-based competition and fundamentals of a market economy, portrays a pathetic lack of skills among the youth of our nation.
14 July 2018, 18:00 PM

Taking banks further away from the public

When I, along with another colleague of mine, went to Philadelphia to interview jobseekers, the findings of one interviewee's dissertation reminded me of something: the recent news on bank directors in Bangladesh.
13 January 2018, 18:00 PM

How early nominations can help the economy

We can reduce this kind of political setback on the economy only by channelling the political exuberance in a positive way. Whatever control the election commission brings on the size of the spending by candidates, the political nominees will spend the most anyway.
6 January 2018, 18:00 PM

Dramas, dilemmas and doldrums

Bangladeshis relish drama and nothing is more drama-filled than election time. The atmosphere will be one of excitement and uncertainty this year.
31 December 2017, 18:00 PM

A tumultuous year for the economy

History repeats itself, though not fully, but history is the best educator. As we approach 2018, we can take lessons from the economic successes and failures of 2017.
23 December 2017, 18:00 PM

No honking, please

It is my great pleasure to be back in Dhaka for professional purposes after having lived overseas for two decades.
16 December 2017, 18:00 PM

Why Patal Rail is a must for Dhaka

The government is again contemplating building the nation's largest airport somewhere in the southwest part of the country.
9 December 2017, 18:00 PM

Do we really need a central bank?

Pet doors are small portals at the bottom of doors to let pets move in and out of the house. Sir Isaac Newton once made one big hole for a cat and one small hole for its kittens in the same door.
4 December 2017, 18:00 PM

How India became a growth generator

Addressing Rabindranath Tagore, the American philosopher Will Durant once pronounced, “You alone are sufficient reason why India should be free.
25 November 2017, 18:00 PM

Record economic growth and the tasks ahead

The 7.28 percent economic growth achieved in the last fiscal year, which the government has reported recently, is the second highest growth rate in Bangladesh's history.
18 November 2017, 18:00 PM

Organising the calendar and advancing the clock

Economist William Nordhaus found a political business cycle for the United States. He showed how the behaviour of the US economic cycle depends on which party, Democrat or Republican, comes to power. Whether our economic cycle significantly varies based on any political party remains a subject of study.
11 November 2017, 18:00 PM

How can Bangladesh move forward faster?

Banglade-sh placed 177th out of 190 countries in the world in the latest Doing Business Index, taking a step back from last year's position.
4 November 2017, 18:00 PM

Posters and publicity syndrome

While visiting Princeton University in New Jersey recently, the idea of visiting Albert Einstein's residence tickled my mind.
28 October 2017, 18:00 PM

Ten Years of The Great Recession: The American economy is back on its feet

The US economy has turned back. The last quarter posted three percent growth—much higher than their long-term two percent growth. US GDP has crossed the USD 19 trillion mark for a population size of 326 million, making per capita income USD 59,000 annually.
21 October 2017, 18:00 PM

Private credit growth: Where is this money going?

Private credit growth hit a five-year high in August, giving rise to more concerns than hope.
14 October 2017, 18:00 PM

A fair recruitment policy for a stronger government

America took capitalism and the market economy as the basis for its economic model from the first day of its independence in the late 18th century. In the subsequent centuries, the US continued its progress as the market economy fosters the culture of competition and empowers the customers to choose the best out of many alternatives.
7 October 2017, 18:00 PM

Why reforming the public service sector is so crucial

This type of brainstorming is almost entirely absent in our bureaucracy. In most cases, you are a good officer as long as you can memorise the existing circulars and follow them to the T.
25 September 2017, 18:00 PM

A sweet budget turns sour

This year's budget eventually turned sour though its components are fine. The major aspects of the budget can be fit into a pentagon model that has five components.
17 June 2017, 18:00 PM

Rescue plan for 2018

While we learned not to put all eggs in one basket, dumping all rotten apples in one basket might seem rather prudent. When two
10 June 2017, 18:00 PM

What the banking sector gets and loses

The budget, which is basically an annual outline of fiscal policy, has over time turned into an all-encompassing document for the
3 June 2017, 18:00 PM

Why politicians and economists don't get along

Rarely have we seen both politicians and economists dance together and play the same tune on the state of the economy.
27 May 2017, 18:00 PM

Pagination

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