Economy
PM Alerts to Save Money Amid Tough Days Ahead
Prime Minister Sheikh Hasina on Tuesday, 11 October reiterated all to make their best effort to boost food production amid a strong prediction that the world may face a severe food crisis followed by calamity next year.
PM says, during my recent visits to the UK and the USA I had talked to many world leaders and heads of organizations, and everybody was very much anxious about the food security. They think that 2023 will be a very dangerous year when there might be calamities and food crisis.”
She made the statement while delivering her introductory speech at the weekly meeting of the Executive Committee of the National Economic Committee, ECNEC held at the NEC Bhaban in Dhaka. The Prime Minister joined the meeting virtually from her official residence –Ganabhaban. Ecnec is an executive committee under the Cabinet Division to verify and approve all national important development projects.
“We must increase food production and preserve those. We must give special attention to preserving and processing food. Our land is very much fertile, and we have to increase our food production,” she added.
She reiterated her call to maintain austerity in every sphere of life, avoiding any unnecessary expenditure.
“All have to be alert and maintain austerity in using electricity, fuel, water, gas and everything else. I will request every family to go for savings in whatever they can. And this is applied to our government also,” she said.
She said that the government will not go for any unnecessary expenditure.
“We will just use whatever we need, not more than that. We do not have any scope for that. Because I saw anxiety among world leaders and heads of organizations. So, we must maintain enough cautionary steps,” she said.
The Prime Minister said that the country must be advanced, overcoming all odds, and the government will do that as long as people are with them.
“People are the biggest power for us. We do not have any tension as long as people are with us. We have to encourage the people and utilize them as we did while facing the coronavirus pandemic,” she said.
She said that the country needed to be free from the impact of recession that is coming from Ukraine war.
Sheikh Hasina also requested the Planning Commission not to spend their valuable time discussing inflation every time.
“Because many countries around the world do not discuss this often, The USA and the European countries as well,” she said.
“We also do not need any extensive discussion on this, but efforts should be there to keep prices of essentials within people’s reach. We will do whatever is needed,” she said.
About undertaking any projects, she said that all must think about the maximum benefit for the people.
“There is no need to hop in to undertake any unnecessary project when the fund is available. We have to take any project after very careful scrutiny so that we could get some return from that project, which will be beneficial to the country. We will take that type of project,” she said.
“I did not take any project like that, we were always cautious regarding that matter. We have to remain careful in the near future,” she said.
She added that her administration has a commitment to the people. “We feel that, we work for that.”
The Prime Minister stressed the need for completing the ongoing projects as quickly as possible, even if they need some extra money.
“If we complete the projects, we will be able to get benefits from those projects and the economy of the country will get positive impact from that. We have to sort out those projects and implement them quickly.”
PM also asked all the ministries to identify projects, which can be implemented a little bit slower.
Sheikh Hasina said that it is not possible to develop any country without the continuation of the democratic process.
“For 21 years the power was not in the hands of the people. Power was directly or indirectly inside cantonment. The country was run by military ordinances neglecting the constitution of the country,” she said.
She said that there was a farce in the name of democracy and vote rigging was a norm.
“We witnessed those. As a result, Bangladesh could not advance.”
PM said that after coming to power in 2008 the government established Bangladesh as a developing country.
“There is a reason behind this success, that is in the history of Bangladesh, democracy continued without any barrier. We were able to attain this success due to the unhampered continuation of democracy,” she said.
Read More: PM Hasina to discuss UK, US visit to media on Thursday
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.
You must be logged in to post a comment Login