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Biru Paksha Paul

OPEN SKY

The writer is visiting fellow at Bangladesh Institute of Development Studies (BIDS) and guest faculty at the Institute of Business Administration (IBA), Dhaka University.

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The economics behind Trump’s tariff war

Trump’s tariff war is a deliberate way to put a lid on China' export expansion.
14 July 2025, 02:00 AM
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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
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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
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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

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
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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
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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

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
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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
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A pentagon model to make the budget simpler

If we compare an economy to an aeroplane, fiscal policy and monetary policy would be its two wings.
20 May 2017, 18:00 PM
The ills of too much maya

The ills of too much maya

The word maya originates from Sanskrit, meaning attraction that you feel for your loved ones with a sense of bond and attachment.
14 May 2017, 18:00 PM
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Fighting the financial hemorrhage

We live in a notoriously polluted city of the world, and still we choose to live here because we have a dream. We live in a system where
4 May 2017, 18:00 PM
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Becoming a developed country by 2041

In 1962, US president John F Kennedy declared in his famous moon speech, “We choose to go to the moon.” Since then the US increased its budget and efforts to beat the then Soviet Union in the space race and eventually,
29 April 2017, 18:00 PM
Biru

Roadblocks to our potential growth

When a mother claims that her son could have achieved a grade of A though he actually earned B+, we understand the son performed below his potential and did not work to his fullest capacity for the test.
22 April 2017, 18:00 PM
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Why have we failed to promote tourism?

We ‘gloriously' occupied the 125th position among 136 nations of the world in the Tourism Competitive Index 2017 – we have been ranked the worst place to visit in South Asia.
16 April 2017, 18:00 PM
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How to prevent the free fall of remittances

On the sidelines of an investment summit in Singapore in 2015, I wanted to act like Caliph Haroon and make a foray into the illegal remittance market to find out why people prefer hundi (used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions) over legal channels.
8 April 2017, 18:00 PM
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How to 'empower' economic growth

Empowering' economic growth should be the prime agenda for the nation right now when growth is slowing down. This is a challenging task that can be done by ensuring the marriage of optimal investment policies with the right institutions.
3 April 2017, 18:00 PM
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The failure of the Happiness Index

My next-door neighbour in upstate New York was an old woman named June. Her husband Herbert was housed in a care centre for the elderly. They had grown-up kids living in different states of the US from where they made rare visits to their parents.
26 March 2017, 18:00 PM
When greed takes over

When greed takes over

One of the plays of five-time nominee for the Nobel Prize, Maxim Gorky, was improvised in Bengali and was named Abirampaurutibhakshan (eating loaves continuously).
17 March 2017, 18:00 PM
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A booster for default syndrome

When I joined the central bank more than two years ago, I witnessed the proposal of big loan restructuring. One phrase economists care about is “moral hazards.”
11 March 2017, 18:00 PM
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Making the budget more vibrant

The budget is a seasonal music that hardly runs out of notes. Most people criticise it as ambitious although that is how it ought to be.
4 March 2017, 18:00 PM
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Sanchaypatra: The Titanic will sink

In 1971, my father took us to Meghalaya where our painful refugee life began. We were on daily rations. As a little boy, I used to stand in the queue and sometimes rations ran out before I reached the counter.
25 February 2017, 18:00 PM
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Love Bangla but do not hate English

The two tests my school friends hated the most were English and Math. When I was a college boy at a Dhaka residential school, one of my friends did not eat egg for breakfast on the date of English exams lest he scores less in the subject.
18 February 2017, 18:00 PM
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PATALRAIL FOR DHAKA: The nation has no alternative

My university in Upstate New York once sent all its faculty members to Raquette Lake for meditation and brainstorming research ideas.
11 February 2017, 18:00 PM
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Monetary policy for a 'grandson' economy

After the announcement of the new monetary policy for January-June 2017, the stock market faced a rapid decline, suggesting a negative response of the capital market to the central bank's stance and attitude.
6 February 2017, 18:00 PM
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Is globalisation reversible?

Over every summer, I leave the US to visit my village in Nalitabari where I look after construction work and run an online class for the students of mainly upstate New York.
18 January 2017, 18:00 PM
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Why institutions are so important for growth

In 1900, Argentina looked like a promising country with respectable growth. It was queueing to be an industrialised country like many other western European nations.
14 January 2017, 18:00 PM
Aiming for higher growth in 2017

Aiming for higher growth in 2017

The challenges on the international front the year 2017 will pose will be less impactful than domestic debility in private investment. Macro stability will continue to persist without remarkable improvement in the financial sector.
2 January 2017, 18:00 PM

Pagination

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