Nobody's fault it's a Bangladeshi crisis
Contemporary socio economic conditions in Bangladesh
By Karim Md Rezaul | February 18th, 2012
Bangladesh is now passing through a crucial period of time when everybody is everyone else; no one is considering others in the arena of politics. One might ask what the problems are. We could discuss this for a couple of miles long, but the main problems are politico-economic.
First take the politico problems:
- Heavy weight two parties one is incumbent ruling party, Awami party, and the opposition who just being defeated in the last election, Bangladesh Nationalist Party (BNP). Three other parties are also there who actually work as a catalyst, viz., all the leftist alliance led by Communists, and the Islamic religious groups. Problem is two main parties ruling vs. BNP, by rotation they have been in power most of the time, apart from once Jatiya party led by Ershad. Well, the proverb is no two women could live in peace quietly in a family, so, if you do not like a man to be a happy person, advise him to have a two or three wives! If a country is an analogous to family, these two female leaders could not see each other living in peace and tranquility. Islamists say that’s the reason why woman leadership is not accepted in Islam. The fight is not for ideals rather than personal ego, Hasina believes Zia the husband of Khaleda (BNP Leader) is responsible for his father’s death (who was killed in a coup de tat in 1975 along with her full family). Khaleda believes Ershad is solely responsible for her husband’s death (who was also killed in 1983 in another coup de tat). So, each one of the leaders became foes to each other , if one says the sun is rising in the east, the other obviously would say in the west.
No wonder, all the activities that ruling party is following is being opposed by the opposition, be it for the people or not.
- In this scenario two kinds of arrests are made:
One against BNP in charge of corruption, the other is charge of war crimes and crimes against humanity during the liberation war 1971. This two involves two big parties BNP and Islamist Jamaat Islami party.
- Trial fair or not: The war crimes trial are claimed to be fair by the Government, but the opposition is not believing and the lawyers are protesting and abandoning the court blaming the judge is being biased.
- Arrest of political leaders: The recent killing at Narsingdi district of the ruling party leader by its jealous in-house colleagues being blamed to oppositions. Cases filed against the ruling party minister’s brother as being one of the culprits. But arrests are being made against the opposition party leaders deemed to be involved.
- Killing of leaders and blame game: Home ministry and police in charge are not agreeing the reason for failing to arrest the so called accomplices.
- Foreign policy: The recent agreement between India and Bangladesh, seem to be not appreciated by all, like a bipartisan agreement, which the ruling party says, very good, the opposition says very bad.
Economic problems:
- Wild horse of inflation: rate of inflation made the living in Bangladesh very tough, as every day the price of essentials are increasing and Government is failed to find out any mechanism to control it.
- Share market: Share market or stock exchange plummeted long time ago, and many measures are taken including rescue packages but it is not stable yet, and the small investors are frustrated by losing their capitals.
- Energy price: Energy prices are increased three times in seven months. This is a triggering factor behind rising cost of living, such as transportation, house rent, and basic commodities like food and other essentials.
- Gas and fuel management: How much gas, oil is needed in the next quarter should be estimated properly in order to manage the funds and supply chain, it is not done according to theory.
- Online business failure: Another factor is the failure of online businesses like ‘unipay2you and speakasiaonlinesurvey’ this two affected many young investors who are educated and have little savings to spare. Government is quite a failure in this regard.
- Banking problem: Banking sector are tattering situation, as liquidity is shrinking as they also invested millions of dollars in the share market and it is not getting return out of it. Secondly, the losers are withdrawing their term deposits from banks to survive. Thirdly, foreign reserves have been diminished like three months imports costs low.
In this above situation how can a person live in peace and good state of mind in Bangladesh, when the ruling party is happy and claiming to have done everything fine and people are in good shape!
