Economy
PM asks youth to work for forming cooperative
Prime Minister Sheikh Hasina on Saturday, November 5, called upon the country’s youths to engage in inspiring people to form cooperatives for boosting food production and pulling the country ahead further.
“The youths will have to come forward. We can go a long way if the youths do their activities in bringing village people together as everyone will have the responsibility,” she said.
The premier was addressing a function on the 51st National Cooperatives Day at Bangabandhu International Conference Center, BICC as the chief guest, joining virtually from her official residence Ganobhaban in Dhaka.
She told the youths not to chase after the job but rather get involved in food production activities such as poultry and fish cultivation by forming cooperatives.
Referring to the 100 special economic zones being established by the government, she said, “you (youths) can set up food processing factories there, which will not only meet the local demand but also can help export abroad.”
Sheikh Hasina said she believes that the country could attain desired economic success through cooperatives.
She also urged all to work in combination to overcome the crisis that was created in the country due to the Covid-19 pandemic and the Russian-Ukraine war as well as sanctions and counter-sanctions.
With State Minister for Rural Development and Cooperative Swapan Bhattacharjee in the chair, Register and Director General of the Department of Cooperatives Dr. Tarun Kanti Sikder delivered the welcome address.
Local Government, Rural Development and Cooperatives Minister Md Tazul Islam and Rural Development and Co-operative Division Sectary Md. Mashiur Rahman also spoke as a special guest.
A total of nine Samobay Samity (cooperative associations) and one person were given National Cooperative Award-2021 on the event.
On behalf of the prime minister, Md Tazul Islam handed over the award. Each awardee was conferred with a gold medal and a certificate.
At the outset of the function, a video documentary on national cooperative day was screened. The theme of the day is “Bangabandhu’s Philosophy, Development of Cooperative.
The prime minister said cooperatives are absolutely essential for agricultural production, life and livelihood of the people in the country.
“Cooperatives create enormous scopes in a densely populated country like ours. Paying attention to it, we will have to strengthen cooperatives,” she said.
She stressed the need for giving utmost importance to cooperatives for the development of the country’s people.
Sheikh Hasina said her government is working for the people and wants to create scopes so that every individual can improve their life and livelihood.
She said her government opened every sector for private entrepreneurs so employment is generated.
Talking about inflation, the premier said the price of every commodity has soared throughout the world due to the war and Covid-19, which affected Bangladesh also and almost all the countries are now suffering from high inflation.
“Everyone has to run using its reserve (of foreign currencies). Also, we are to do it for the well-being of the common people of the country,” she added.
She said that now Bangladesh needs to purchase fertilizers, fuel and edible oil at very high prices amid high transportation costs for the sake of the people and agricultural production.
The head of government said although the country has cent per cent electricity coverage, but now they are facing much trouble in generating power as imports of fuel and gas are being hampered due to the war.
“I hope that we can overcome this situation,” she said, referring to the measures taken by the government such as solar power, coal-fired power plant as well as the import of power from Nepal and Bhutan.
She, however, reiterated her call to the countrymen to put concentration on savings and exercising austerity as well as boosting food production.
She once again requested all not to spare any inch of land uncultivated but rather made a call to produce whatever they can.
She said the current progress of Bangladesh should in no way be interrupted.
Though the Covid-19 and current war and sanctions slowed down the progress to some extent, the government’s goal is to go forward overcoming this situation and build the country as Sonar Bangla as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman, she added.
Sheikh Hasina said her government’s goal is that the rural people would get civic facilities, improved life and lead a decent lifestyle.
In this context, she mentioned several schemes, including “My House My Farm” (Amar Bari Amar Khamar) and “My Village My Town” (Amar Gram Amar Shohor) programmes, which were taken by her government for the development of rural people.
“We want to transform every village into a town,” said the prime minister.
She stressed the need for the construction of modern houses through cooperative societies to make modern flats affordable for the villagers as well as to protect arable lands by stopping the indiscriminate construction of homes everywhere.
The government has also started a project titled “Palli Janapad” to construct modern houses in a planned way for the rural people, she said.
The premier said her government took the ‘My House My Farm scheme’ and micro-saving project under the scheme so that the poor people don’t need to bear the burden of micro-credit rather they can save money and take loans, forming a cooperative society under it.
If they save Tk200, the government would add another Tk200 to it till two years and the money would remain deposited in Palli Sanchay Bank, she added.
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.
