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VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Sunday, December 30 2012
http://www.fe-bd.com/index.php?ref=MjBfMTJfMzBfMTJfMV8yN18xNTQ4NDg= Press and financial development
Released: Sunday, 31 December 2012
M T Siddiqui
Bangladesh is a country aspiring to be a member of the middle-income selection of states. It is recognised simply by some sectors as a great 'emerging tiger' with a lot of challenges at hand. Bangladesh is a seventh major country in the world in terms of human population. Despite the good overall performance as noted by many development indexes, it has been lagging behind in building necessary infrastructure for reaching the goals instructed to be obtained by a middle-income country. In addition to weak system and the poor higher education program, Bangladesh continues to be burdened with an out-dated and insufficient legal device that can barely cope with the necessity of corporate interests, image resolution of time disputes, recovery of loans from banks, and retaining law and order conducive to further monetary development, cultural cohesion and cultural enlightenment. Without advances in legal areas including making appropriate laws and the appropriate execution, speedy resolutions of all corporate and economical disputes, and quick and transparent transfer of houses some vital sectors of Bangladesh overall economy may suffer unico loses. Improvement in legal mechanism: Like the infrastructural expansion, improvement in legal mechanism can now be considered to be the most important pre-condition for a sustainable growth, a stronger economy, and a pro-people approach to governance. Just about every country should define their social, market, economic and environmental circumstances. This information will make the knowledge about society and it is a requirement for building opinions and making political decisions on a sound basis. Timely, trusted, comparable and available information on social, market, economic and environmental circumstances are essential factors to get the planning in the...