Economic growth (rise in GDP) is always deemed to be desirable as an outcome. Economic growth means more output, employment, income and, in consequence, more wellbeing for the people. That is why most nations strive to reach the higher growth path. Economists used to "worship" growth once................Click for details.
Ms. Anadia Ahsan
Date : 2011-11-29
Global turmoil hits local spinners
Global economic troubles accompanied by some internal factors have forced spinners in Bangladesh to lower their production, which emerged as a threat to the growth of the sector. Industry insiders said they are now utilising only 60-70 percent of their production capacity as demand for yarn has declined in recent times. ...............Click for details.
Nadia Hassan
Date : 2011-11-29
Liquidity dearth grips state banks
State banks have now been suffering from a severe liquidity crisis due to excessive credit expansion and absence of a competitive interest rate on deposits.
Bangladesh Bank (BB) last week alerted the government to the problem and called for taking necessary steps. The BB in a letter to the government said, despite a fall in deposits, the state banks continued credit expansion, which resulted in the cash crunch.
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Prof. Dr. Bijoy Shorma
Date : 2011-08-14
Million Dollars Agreement Signed with India
Bangladesh government signed the 'much controversial' credit agreement with the public sector bank of India on Aug 7 last year when Indian finance minister Pranab Mukherjee visited the country. Aug 7, 2010 is the date of execution for the agreement that drew much criticism for the Bangladesh government.