...solutions generally in adjustment of administered prices. Substantial gains in efficiency can be realized by looking into structural questions of subsidy. The case of Bangladesh provides an example of how a proper procedure of accounting can shift the onus of correcting numerous distortions that arise from current practices, from farmers to industries. The case study also shows that farmers receive less subsidy than usually claimed and the hidden subsidy to industries is passed on to farmers. The Bangladesh case may represent developing countries in a general manner. Introduction: In the early 1970s, Bangladesh pursued a highly restrictive trade and exchange rate policy characterized by import regulations, high import tariffs, export taxes, pervasive quantitative restrictions, and an overvalued exchange rate, similar to policies of the 1960s when it was part of united Pakistan. The policy regime in the 1970s was especially restrictive for the agricultural sector.. Major reforms in markets for fertilizer and irrigation equipment markets were begun during the late 1970s (Appendix Table A8). Under the New Marketing System established in 1978, private trade in fertilizer was liberalized, leading to a large expansion in the number of wholesalers and retailers operating in the fertilizer market. The government had a monopoly on import of most agricultural commodities and placed major restrictions on exports of raw jute, the major agricultural export. As a result of these distortions...
Words: 2531 - Pages: 11
...PAD: 201 Handout-2 (MrM) Public Administration in Bangladesh Structure of Bangladesh State The Bangladesh constitution provides for a Parliamentary form of government with the Prime Minister as Chief Executive and a President as the head of the State with very circumscribed powers. The President is elected by Parliament and the Prime Minister is a Member of Parliament. The Prime Minister appoints and heads a Cabinet of Ministers which is collectively responsible to Parliament. The Unicameral Parliament is the supreme legislative authority as well as the ultimate repository of public accountability. The Executive is organized on the basis of Ministries and within Ministries, by divisions. The system is two tiered: the Secretariat is responsible for policy, and oversight and coordination of government departments, agencies, district administration. A politically appointed Minister heads each Ministry, while a permanent civil servant is the Ministry’s administrative head and Chief Accounting Officer. . How does the administrative structure look like? -Central Admin (Secretariat and other government departments at the centre) -Divisional Admin -District Admin -Upazila Admin -Union (No. Government official) Under the close supervision of the district administration, there is a local government system composed of elected union parishads and municipal pourashavas and appointed thana and district committees. The local authorities have little capacity or...
Words: 3219 - Pages: 13
...DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES MANAGEMENT RESEARCH AND PRACTICE Vol. 2 Issue 3 (2010) pp: 299-313 299 Management Research and Practice Volume 2, Issue 3 / September 2010 March eISSN 2067- 2462 mrp.ase.ro DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES Mohammad Saleh JAHUR 1 , S.M. Nasrul QUADIR 2 1 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh sjahur2000@yahoo.com 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh nasrul1964@yahoo.com Abstract Bond market acts as buffer of equity market. This market in Bangladesh has been found very inefficient with respect to number of issues, volume of trade, number of participant, long-term yield curve, interest rate policy etc. In view of this, the present study has been undertaken aiming at identifying the problems that impedes the growth and development of Bond Market in Bangladesh. Researchers have collected both primary and secondary data and analysed the same by employing descriptive measure as well as multivariate technique-Varimax Rotated Factor Analysis. The study has found that the size of debt market of Bangladesh is very low as compared to other SAARC Countries; has huge growth potentiality; and identified important impediments to the growth and development of Bond Market in Bangladesh such as risk and return factor, liquidity and government policy factor, issue management...
Words: 6380 - Pages: 26
...clients and suppliers; its competition and owners; improvements in technology; laws and government activities; and market, social and economic trends. Overview of business environment in Bangladesh: Political Environment: This refers what is happening politically in the environment in which government runs the country including areas such as tax policy, employment laws, attitude of government officials, types of government in power, environmental regulations, trade restrictions and reform, tariffs and political stability. Marketing decision is strongly affected by developments in political environment. This environment is composed of laws, government agencies, and pressure groups that influence and limit various organization and industries. Sometimes these laws create new opportunities for businesses. For example, mandatory recycling laws have given the recycling industry a major boost and spurred the creation of dozens of new companies making new products from recycled materials. In Bangladesh, overall political environment is not good. Because there political government is not stable, frequently change the government. Strike, corruption is common affair in Bangladesh. Only one thing is favourable for business that is tax policy. In Bangladesh tax rate is very low. Economic Environment: This refers what is happening within the economy, for example; economic growth/ decline, interest rates, demand, exchange rates and inflation rate, wage rates, minimum wage, working hours...
Words: 1270 - Pages: 6
... mrp.ase.ro DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES MANAGEMENT RESEARCH AND PRACTICE Vol. 2 Issue 3 (2010) pp: 299-313 DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES Mohammad Saleh JAHUR 1, S.M. Nasrul QUADIR 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh sjahur2000@yahoo.com 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh nasrul1964@yahoo.com Volume 2, Issue 3 / September 2010 Management Research and Practice 1 Abstract Bond market acts as buffer of equity market. This market in Bangladesh has been found very inefficient with respect to number of issues, volume of trade, number of participant, long-term yield curve, interest rate policy etc. In view of this, the present study has been undertaken aiming at identifying the problems that impedes the growth and development of Bond Market in Bangladesh. Researchers have collected both prima ry and secondary data and analysed the same by employing descriptive measure as well as multivariate technique-Varimax Rotated Factor Analysis. The study has found that the size of debt market of Bangladesh is very low as compared to other SAARC Countries; has huge growth potentiality; and identified important impediments to the growth and development of Bond Market in Bangladesh such as risk and return factor, liquidity and government policy factor, issue management factor, investment...
Words: 6382 - Pages: 26
...ROLE OF NGO IN POVERTY REDUCTION OF BANGLADESH BASED ON A 2013 SURVEY OF NGO ACTIVITIES IN BANGLADESH ROLE OF NGO IN POVERTY REDUCTION OF BANGLADESH BASED ON A 2013 SURVEY OF NGO ACTIVITIES IN BANGLADESH Prepared for Ms. Kohinoor Biswas Assistant Professor Department of Business Administration East West University, Dhaka. Prepared by Muhammad Kawsar Khan ID: 2011-1-10-411 Section: 02 April 17, 2014 April 17, 2014 Ms. Kohinoor Biswas Assistant Professor Department of Business Administration East West University Subject: Submission of assignment on Role of NGO in Poverty Reduction of Bangladesh Dear Madam, This is a great pleasure for us to submit an assignment on ‘Role of NGO in Poverty Reduction of Bangladesh’. We considered your remarks and instructions very carefully while preparing this report. We have tried to visualize all the areas related to this topic. We also used your lecture to fulfill your requirements. We would like to express our heartiest gratitude to you for your tiresome efforts for us which provided us the opportunity to prepare this report. We have tried our level best to present this assignment according to the vital standard and requirements. While preparing this report we have enriched our knowledge a lot about role of NGO in poverty reduction in Bangladesh. We appreciate this opportunity to demonstrate ore educational and analytical skills. Thank you. Sincerely yours, Muhammad Kawsar Khan ...
Words: 6827 - Pages: 28
...Competition Scenario in Bangladesh (Draft) Prepared for CUTS-International Prepared By Bangladesh Enterprise Institute July 2005 B A N G L A D E S H E N T E R P R I S E I N S T I T U T E [ Table of Contents CHAPTER I INTRODUCTION ………………………. 1 I.1. Geographical Location ………………………. 2 I.2. Structure of GDP ………………………. 3 I.3. Economic policies ………………………. 4 A. Trade policy ………………………. 5 B. Industrial Policy ………………………. 6 C. Foreign Direct Investment Regime ………………………. 7 D. Privatization Policy ………………………. 8 E. Government Procurement Policy ………………………. 9 F. Labour Policy ………………………. 10 G. Competition Policy ………………………. 11 CHAPTER II NATURE OF MARKET/COMPETITION ………………………. 12 II.1 Agriculture ………………………. 13 II.2. Manufacturing ………………………. 14 II.2.1 Pharmaceutical Sector ………………………. 15 II.2.2 Toiletries Sector ………………………. 16 II.2.3 Tobacco Sector ………………………. 17 II.3 Financial Services ………………………. 18 II.4 Power ………………………. 19 II.5 Telecommunications ………………………. 20 II.6 Transportation ………………………. 21 II.7 Health Services ………………………. 22 CHAPTER III SECTORAL POLICIES ………………………. 23 III.1 Financial Services ………………………. 24 III.2 Power ………………………. 25 III.3 Telecommunications ………………………. 26 III.4 Transportation...
Words: 28408 - Pages: 114
...Type 1. Saving Banks Saving banks are established to create saving habit among the people. These banks are helpful for salaried people and low income groups. The deposits collected from customers are invested in bonds, securities, etc. At present most of the commercial banks carry the functions of savings banks. Postal department also performs the functions of saving bank. Type 2. Commercial Banks Commercial banks are established with an objective to help businessmen. These banks collect money from general public and give short-term loans to businessmen by way of cash credits, overdrafts, etc. Commercial banks provide various services like collecting cheques, bill of exchange, remittance money from one place to another place. In India, commercial banks are established under Companies Act, 1956. In 1969, 14 commercial banks were nationalised by Government of India. The policies regarding deposits, loans, rate of interest, etc. of these banks are controlled by the Central Bank. Type 3. Industrial Banks / Development Banks Industrial / Development banks collect cash by issuing shares & debentures and providing long-term loans to industries. The main objective of these banks is to provide long-term loans for expansion and modernisation of industries. In India such banks are established on a large scale after independence. They are Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI) and Industrial Development...
Words: 1609 - Pages: 7
...fundamental benefits of a democracy. The main benefit of democracy is that every adult person regardless of race, religious belief or gender has the same political rights as each other. People living in a democratic society are protected from oppression by laws and limits on governmental power. Democratic governments put laws into place to protect their citizens and to ensure a safe and fair society. The people who lead a democratic country have to obey the same laws as everyone else. Democracy is a form of government in which all eligible citizens participate equally—either directly or indirectly through elected representatives—in the proposal, development, and creation of laws. It encompasses social, religious, cultural, ethnic and racial equality, justice, liberty and fraternity. The quest for democracy in Bangladesh is moving in circles. The country gained its independence through both the democratic process and through war. During the four decades of its existence as a nation-state it has endured spells of military and non-military rules. Of the latter all were not elected. The elected governments seemed to betray superficial practices of democracy. In Bangladesh today, we have a situation where 153 members of the parliament out of a total of 300 have been elected uncontested. Obviously it means that more than half of the population of the country would not have any say in the election of the next parliament. It is also obvious that if there is no opponent,...
Words: 4914 - Pages: 20
...Competition Policy in Bangladesh Consumer Welfare: Different Perspectives “Consumer welfare” has different meanings to different people. To the rich, who can afford the comforts of life, it usually concerns with the range of choice of goods and services. To the poor, who find it difficult to make ends meet, the most important concern is not choice but rather access to goods and services. Broadly speaking, the former aspect is more prevalent in the developed world. However, in developing countries, such as Bangladesh, the latter aspect is more important during the administration of competition policies. The different dimensions of consumer welfare need to be kept in view in order to make a market (economy) work efficiently. Purpose of Competition Policy Competition is an essential element in the efficient working of markets. It brings important benefits to the consumer by: * encouraging enterprise, innovation, efficiency and a widening of choice; * enabling consumers to buy the goods and services they want at the best possible price; * contributing to the national competitiveness. By “competition policy,” economists usually mean intervention by public authorities for ensuring competition in the markets. The basic objectives of competition policies are designed to promote competition by preventing agreements between firms that lead to anti-competitive behavior either through explicit cartels or through tacit collusion. Such policies also deal with monopoly...
Words: 2649 - Pages: 11
...ASA University Review, Vol. 4 No. 1, January–June, 2010 Housing Real Estate Sector in Bangladesh Present Status and Policies Implications Suborna Barua* Ali Haider Al Mamun Mridha** Rezwanul Huque Khan** Abstract The real estate sector is the growth centre for the development of an economy. Bangladesh, being one of the densely populated nations in the world, has been experiencing severe of houses shortage for its citizens. Although majority of the population is segmented into the middle and the low income groups, still housing for all 1has been a fallacy in Bangladesh. The private sector housing real estate developers have met a small proportion of the national housing demand in the last more than twenty years. The gap between demand and supply is still joy wide. Despite inadequate policy preparations, these real estate developers have been successfully making business although the middle and the low income households are still untapped. With the larger proportion of people living in this income group, the private housing real estate sector has a huge scope to grow in this country. The positive notion is supported by many key indicators such as increasing house rent, inadequate and costly land, easier financing availability and more. To pave the way for the organic development of the industry, the problem of long existent inadequate financing availability at lower burden of terms and costs must have to be removed immediately, and wider scope has to be created for Non-Resident...
Words: 7105 - Pages: 29
...Introduction: Trade Union is an organization of workers who have banded together to achieve common goals such as protecting the integrity of its trade, achieving higher pay, increasing the number of employees an employer hires, and better working conditions. -An organized association of workers in a trade, group of trades, or profession, formed to protect and further their rights and interests. -A group of employees in a particular sector, whose aim is to negotiate with employees over pay, job security, working hours, etc. using the collective power of the members. -The most common purpose of these associations or unions is "maintaining or improving the conditions of their employment". Objectives: Trade unions are the only way to manage, compliant, and control the labor force. Lots of objectives are there to organize trade unions. 1. To defend or improve the wages and working conditions of workers and to bring about a change in the economic order. 2. To strengthen their (labor) bargaining power collectively to establish and achieve all their rights. 3. To dully protect all other interest of the workers .And from the management’s point of view the objectives as written: a. To reduce the number of negotiation. b. To specify work rules, disagreements and grievances to give the better solution to workers claim. c. To establish the efficient communication between the employers and management to enforce the predictable standards. d. To enhance the overall organizational...
Words: 845 - Pages: 4
...Introduction What is Financial Institution? In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government. Broadly speaking, there are three major types of financial institutions: • Deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; • Insurance companies and pension funds; • Brokers, underwriters and investment funds. Functions of a Financial Institution: The functions of Financial Institutions are: • Financial institutions provide service as intermediaries of the capital and debt markets. • They are responsible for transferring funds from investors to companies in need of those funds. • Financial institutions facilitate the flow of money through the economy. To do so, savings a risk brought to provide funds for loans. Such is the primary means for depository institutions to develop revenue. Should the yield curve become inverse, firms in this arena will offer additional fee-generating services including securities underwriting, and pre. Regulation Structures of Financial Institutions: Financial institutions in most countries operate in a heavily regulated environment as they...
Words: 15567 - Pages: 63
...Major Determinants and Hindrances of FDI inflow in Bangladesh: Perceptions and Experiences of Foreign Investors and Policy Makers An assignment on Major Determinants and Hindrances of FDI inflow in Bangladesh: Perceptions and Experiences of Foreign Investors and Policy Makers Submitted To: S. M. Zahidur Rahman Associate Professor Submitted By: Tasnuba Nowrin ID-090316 Fatema Khatun ID- 090349 KHULNA UNIVERSITY Business Administration Discipline BBA Program 4th Year, 1st Term Course Title: Financial Management and Institution Course No: FIN-4203 September 10, 2012 Summary on previous article Foreign Direct Investment (FDI) is considered as a crucial component for economic development of a developing country. Countries that are lagging behind to attract FDI are now formulating and implementing new policies for attracting more investment. The determinants which play as a driving force for attracting FDI are geographical location, cheap labour cost, and government attitude towards liberalization of the existing laws of the host country, skilled manpower, incentives for investors, and exemption of taxes etc. According to Bangladesh Board of Investment Handbook (2007) Bangladesh offers an attractive investment climate compared to other South Asian Economies. But among the emerging economies India and China are the desired choice for investment (Baskaran and Muchie, 2008). FDI is considered as an important tool for economic development in a developing country. If...
Words: 13565 - Pages: 55
...|[pic] | | | | | |[pic] | | | |[pic] | | | |[pic] | | ...
Words: 3725 - Pages: 15