Daily Online Alochona: Dec 14, 2007

Friday, December 14, 2007

[mukto-mona] Abdul Gaffar Choudhury on Taslima Issue

Here is the link:

http://www.shamokal.com/details.php?nid=82790

Fwd by

Nuruzzaman Manik, Freelance Journalist
Pls vist my article page: http://www.mukto-mona.com/Articles/n_manik/index.htm
http://www.satrong.org/Nuruzzaman%20Manik.htm
A life unexamined is not worthliving.-Socrates

__._,_.___

***************************************** Sign the Petition : Release the Arrested University Teachers Immediately : An Appeal to the Caretaker Government of Bangladesh http://www.mukto-mona.com/human_rights/university_teachers_arrest.htm ***************************************** Daily Star publishes an interview with Mukto-Mona http://www.mukto-mona.com/news/daily_star/daily_star_MM.pdf ***************************************** MM site is blocked in Islamic countries such as UAE. Members of those theocratic states, kindly use any proxy (such as http://proxy.org/) to access mukto-mona. ***************************************** Mukto-Mona Celebrates 5th Anniversary http://www.mukto-mona.com/Special_Event_/5_yrs_anniv/index.htm ***************************************** Mukto-Mona Celebrates Earth Day: http://www.mukto-mona.com/Special_Event_/Earth_day2006/index.htm ***************************************** Kansat Uprising : A Special Page from Mukto-Mona http://www.mukto-mona.com/human_rights/kansat2006/members/ ***************************************** MM Project : Grand assembly of local freedom fighters at Raumari http://www.mukto-mona.com/project/Roumari/freedom_fighters_union300306.htm ***************************************** German Bangla Radio Interviews Mukto-Mona Members: http://www.mukto-mona.com/Special_Event_/Darwin_day/german_radio/ Mukto-Mona Celebrates Darwin Day: http://www.mukto-mona.com/Special_Event_/Darwin_day/index.htm ***************************************** Some FAQ's about Mukto-Mona: http://www.mukto-mona.com/new_site/mukto-mona/faq_mm.htm **************************************************** VISIT MUKTO-MONA WEB-SITE : http://www.mukto-mona.com/ **************************************************** "I disapprove of what you say, but I will defend to the death your right to say it". -Beatrice Hall [pseudonym: S.G. Tallentyre], 190

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[vinnomot] Abdul Gaffar Choudhury on Taslima Issue

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Re: [vinnomot] A government in debt!!!????

I totally agree with this article. But I may differ in one thing that you might have forgotten that oil price was US$50/barrel when CTG took the power and two natural disasters happened after then. I am not supporting anyone here but we need to understand that the reality that any Govt in Bangladesh had to go through what CTG is going through.

I am not supporting CTG but I want people to understand the reality and global price hike of commodities before we jump in any conclusion about this debt. Most of the debt was for oil bill. Of course debt is bad but Bangladesh has no other options to survive. It is easy to blame others if we do not understand the economics. Just my 2 cents.

--M. M. Chowdhury (Mithu)

gopalsengupta@aol.com wrote:

A government in debt
Once again the caretaker government has reached its â€œdebt ceiling,â€ and once again caretaker administration is poised to authorize an increase in government borrowing. Between its ever-growing bureaucracies, expanding entitlements, and military entanglements, this government is borrowing roughly 10,000 crores Taka to pay its bills. Government debt carries absolutely no stigma for policy makers in Bangladesh.

Debt destroys nation's sovereignty, because the Bangladesh economy now depends on the actions of foreign governments and institutions. Ultimately, debt is slavery. Every taka the government borrows makes us less secure as a nation, by making Bangladesh beholden to interests inside the land as well as outside our borders.

According to the Bangladesh Bank statistics compiled up to December 4, the government borrowed about Tk 9,016 crore from the banking system in the first five months of the current fiscal year, which is 78 per cent more than the amount in the corresponding period of 2006-07 and overshoots the public borrowing target for 2007-08 by almost Tk 3,000 crore.Also, the increased government borrowing reflects poor revenue management. Not long ago, the government claimed a remarkable surge in the number of people filing their income tax returns. Then again, it also claimed to have realised quite a hefty amount of revenue from people who had evaded tax for years. Clearly, something is amiss so that the government is forced into bank borrowing. On balance, it seems that the government has not only failed to make the economy vibrant but also fared poorly in terms of revenue management.

Gopal Sengupta

Table-1

Government Borrowing (Net) From The Banking System

(Taka in Crore)

Sl. No. Name of the Bills/Bonds/Securities Objective Outstanding as on 30 June 2007 Outstanding as on 31 July 2007 Outstanding as on 31 August 2007

1 2 3

Bangladesh Bank

1. Ways and Means Advances To Increase Government Cash balance 1000.0 286.8 0.0

2. Overdraft 542.9 0.0 0.0

3. Devolvement 1627.2 1733.6 1463.7

a) Treasury Bill 1554.9 1661.3 1391.4

b) Treasury Bond 72.3 72.3 72.3

4. Overdraft Block 22330.0 22205.0 22080.0

5. Government Currency Liabilities 441.5 441.5 441.4

6. Advances to Autonomous and Semi-autonomous Bodies 5.1 5.1 5.1

7. Government Deposits ^1/ (-) -15.6 17.1 -2111.3

A. Total : (1 +...+ 7) 25931.1 24654.9 21878.9

Deposit Money Banks (DMBs)

1. Government Treasury Bill 9236.7 10186.0 9927.2

i) Treasury Bills (Less than 1 year) To Increase Government Cash balance 3921.9 5074.3 5502.8

ii)   Treasury Bills (1 year and above) To Increase Government Cash balance 5314.8 5111.7 4424.4

2. Government Bonds of Different Maturities (a+b) 10177.7 10979.4 11844.1

a) 1 Year and above but less than 5 years 1939.1 1944.1 1944.1

i) 3 Year (T&T) Treasury Bond-2008,2009 and 2010 bearing 7.0 percent interest To finance the installation of digital telephone lines 208.6 208.6 208.6

ii) 3 Year (T&T) Treasury Bond-2007, 2008, 2009 and 2010 bearing 7.0 percent interest To finance the installation of mobile telephone lines 696.8 696.8 696.8

iii) 3 Year (Sonali Bank) Treasury Bonds-2009 bearing 5.0 percent interest To repay the loan of Bangladesh Petroleum Corporation 1000.0 1000.0 1000.0

iv) 3 Year (Pubali Bank) Treasury Bonds-2009 bearing 5.0 percent interest To repay the loan of Bangladesh Agricultural Development Corporation 33.7 33.7 33.7

v) 3 Year (T&T) Treasury Bonds-2008 bearing 7.0 percent interest ^2/ 5.0 5.0

b) 5 Year and above 8238.6 9035.3 9900.0

v) 5-Year Treasury Bond-2006 bearing 6.0 and 7.0 percent interest ^3/ To repay the bad loan to Textile Mills 0.6 0.0 0.0

vi) 5-Year Treasury Bond-2007 bearing 6.0 percent interest To repay the default loan of the Deshbandhu Sugar Mills Ltd. 2.8 2.8 2.9

vii) 5-Year Treasury Bond-2008 bearing 5.0 percent interest For interest remission of sick industries and export-oriented industry of frozen food. 93.9 93.9 94.0

viii) 5-Year Treasury Bond-2008 bearing 5.0 percent interest To repay the loan of sick industries. 30.0 30.0 30.0

ix) 5-Year Treasury Bond-2008 bearing 5.0 percent interest To repay the interest of loan of flood affected farmers 9.3 9.3 9.3

x) 5-Year Treasury Bond-2008 and 2009 bearing 5.0 percent interest ^4/ To repay the interest remission of sick industries. 53.4 53.4 53.4

xi) 5-Year Bangladesh Govt. Treasury Bond bearing 7.5 percent interest To increase long-term investment of different industries 3008.1 3333.7 3721.3

xii) 5-Year Treasury Bond-2010 bearing 5.0 percent interest To repay the interest remission of sick dairy farms 0.5 0.5 0.5

xiii) 5-Year Kohinoor Bat. Manu. Co. Privatization Treasury Bond-2012 bearing 5.0 percent interest ^5/ To finance the Privatization of Kohinoor Bat. Manu. Co. 10.1 10.1 10.1

xiv)    10-Year Bangladesh Shipping Corporation (BSC) Bond-2008 bearing 8.0 percent interest To repay the loan of Bangladesh Shipping Corporation to different commercial banks 103.3 103.3 103.3

xv) 10-Year Bangladesh Govt. Treasury Bonds bearing 8.5 percent interest To increase long-term investment of different institutions 3181.3 3530.0 3877.7

xvi) 15-Year Bangladesh Govt. Treasury Bond bearing 8.5 percent interest To increase long-term investment of different institutions 0.0
83.9
163.2

xvii) 20-Year Bangladesh Govt. Treasury Bond bearing 8.5 percent interest To increase long-term investment of different institutions 0.0
41.9
91.8

xviii) 15-Year Treasury Bond-2008 bearing 5.0 percent interest ^{^6/} To meet shortfall due to agricultural loan write-off and shortfall in capital and provisioning against bad loans of Sonali Bank, Janata Bank, Agrani Bank and Rupali Bank Ltd. 500.0 500.0 500.0

xix) 15-Year Agriculture Treasury Bond-2011 bearing 5.0 percent interest ^{^6/} To meet the shortfall of agricultural loan write-off of BKB 145.0 145.0 145.0

xx) 15-Year Special Treasury Bond bearing 5.0 percent interest   To meet the shortfall in provisioning against the bad loans and recapitalization of nationalized banks. 613.4 613.4 613.4

xxi) 25-Year Treasury Bond-2018 bearing 5.0 percent interest To compensate for the liquidation of jute sector credit 266.0 266.0 266.0

xxii) 25-Year Treasury Bond-2019 bearing 5.0 percent interest To compensate for the liquidation of jute sector credit 184.6 184.6 184.6

xxiii) 25-Year Treasury Bond-2020 bearing 5.0 percent interest^7/ To reimburse one-third of the debt due to jute mills' loan write-off by the private banks. 36.3 33.5 33.5

3. Prize Bond/Income Tax Bond To increase Government Cash balance 28.7 12.0 30.3

4. Government's other Securities To increase Government cash balance 0.4 0.3 0.3

5. Sub-Total : (1+â€¦+4) 19443.5 21177.7 21801.9

6. Advances to Food Ministry 484.8 623.2 335.9

7. Advances to Other Ministries and Autonomous/Semi-Autonomous Bodies 435.6 670.7 682.6

8. Accrued Interest 1902.6 1918.4 1806.8

9 Government Deposits (-) -12157.6 -11923.9 -12010.6

B. Total : (5+â€¦+9) 10108.9 12466.1 12616.6

Grand Total (Net Government borrowing from the Banking System) : A+B 36040.0 37121.0 34495.5

;Note : Figures on Bonds are being calculated of coast value since January, 2006.

1/ Including ERD deposits.

2/ This Bond matured in March 2007 and then extended for 1 year but it has been reported in the Monetary Servey in July 2007.

3/ Out of Tk. 73.1 crore an amount of Tk. 72.5 crore has been paid during February-April 2007 and the rest has been paid in July 2007

4/ Out of Tk. 54.2 crore an amount of Tk. 53.4 crore has been issued to different commercial banks and rest of the amount to the ICB

5/ 5-year Kohinoor Batery Manufacturing Company Privatization Treasury Bond-2012 has been issued on 23 April 2007.

6/    15- Year and 20-Year Bangladesh Government Trasury Bond have been issued in July 2007.

7/ Out of total amount of Tk. 36.3 crore an amount of Tk. 2.8 crore was paid in July 2007

Sources :

1) Monetary Survey, Statistics Department, Bangladesh Bank (BB).

2) Bangladesh Bank Affairs, Accounts and Budgeting Department , BB.

3) Outstanding Balance of Government Borrowings, FOREX Reserve and Treasury Management Department, BB.

Table - II

Non-Bank Government Borrowing (Net)

(Taka in Crore)

Sl.           July-August 2006/2007           July-August 2007/2008

No. Name of the Schemes Sale Repayment Net Sale Repayment Net

Principal Interest Sale Principal Interest Sale

1 2 3 4 5 6 = (3-4) 7 8 9 10 = (7-8)

NSD Instruments

1. Defence Savings Certificate 0.0 300.86 385.36 -300.86 0.0 340.5 446.1 -340.5

2. 5 -Year Bangladesh Savings Certificate         410.49 106.8 37.99 303.69 367.5 220.9 64.1 146.6

3.
Bonus Savings Certificate 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4. 6 - Month interest bearing Savings Certificate 0.0 34.3 8.1 -34.3 0.0 28.7 3.2 -28.7

5. Family Savings Certificate 0.0 65.4 8.3 -65.4 0.0 13.0 1.0 -13.0

6. 3 - Month interest bearing Savings Certificate 1,226.2 864.1 230.6 362.1 865.2 830.8 219.2 34.4

7. Jamanat Savings Certificate 0.0 0.1 0.0 -0.1 0.0 0.1 0.0 -0.1

8. Pension Savings Certificate 256.9 20.5 27.3 236.5 263.2 18.8 47.4 244.4

9. Post Office Savings Bank 759.0 501.5 133.2 257.4 833.6 644.8 141.5 188.8

10. a) General Account 143.7 123.7 4.2 20.1 156.1 140.5 6.2 15.6

b) Fixed Account 615.2 377.8 128.9 237.4 677.5 504.3 135.3 173.3

c) Bonus Account 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0

Postal Life Insurance 13.1 2.9 0.3 10.2 12.1 2.9 0.4 9.2

11. Prize Bond 16.6 10.9 1.2 5.6 16.1 9.8 1.0 6.4

12. Wage Earners' Development Bond 96.2 13.5 21.7 82.7 129.7 17.0 40.5 112.7

13. 3-Year National Investment Bond 26.9 23.5 6.0 3.4 27.1 61.7 15.7 -34.6

14. US $ Premium Bond 7.4 3.6 2.1 3.8 4.0 14.3 1.6 -10.4

15. US $ Investment Bond 41.5 7.8 4.3 33.7 29.1 22.4 3.9 6.7

16. Total : (1+...+15) ^1/ 2,854.1 1,955.5 866.5 898.6 2,547.6 2,225.7 985.5 321.9

17. Banking Sector (net) (-) minus    2.2 1.6 ^2/

18. Total NSD Instruments (net): (16-17)
Govt. Treasury Bills/Bonds 896.4 320.3

19. Govt. Treasury Bills ^3/ -42.9 5.2

20. 5 -Year Treasury Bond-2005 -0.1 86.8

21. 10 -Year Bangladesh Govt. Treasury Bonds 32.7 103.5

22. 15 -Year Bangladesh Govt. Treasury Bonds ^4/ 36.8

23. 20 -Year Bangladesh Govt. Treasury Bonds ^4/ 8.2

24. Total Non-Bank Govt. Borrowing (net) : (18+â€¦.+23) 886.1 560.8

1/ Including Investment in the Banking Sector.

2/ Tk.-1.6 crore in Prize Bond / Income Tax Bond.

3/ The amount of Treasury Bills was shown at sale value

4/ 15- Year and 20-Year Bangladesh Government Trasury Bond have been introduced on 04/07/2007 and 18/07/2007 respectively.

Sources :

a) National Savings Directorate.

b) Outstanding Balance of Government Borrowings, FOREX Reserve and Treasury Management Department, Bangladesh Bank.

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[mukto-mona] Part-8 of my series article " Ke Hay Hridoy Khure"

http://www.mukto-mona.com/Articles/bhajan_sarker/Ke_Hay_Hridoy_Khure-8.pdf

*****************************************
Sign the Petition : Release the Arrested University Teachers Immediately : An Appeal to the Caretaker Government of Bangladesh

http://www.mukto-mona.com/human_rights/university_teachers_arrest.htm

*****************************************
Daily Star publishes an interview with Mukto-Mona
http://www.mukto-mona.com/news/daily_star/daily_star_MM.pdf

*****************************************

MM site is blocked in Islamic countries such as UAE. Members of those theocratic states, kindly use any proxy (such as http://proxy.org/) to access mukto-mona.

*****************************************
Mukto-Mona Celebrates 5th Anniversary

http://www.mukto-mona.com/Special_Event_/5_yrs_anniv/index.htm

*****************************************
Mukto-Mona Celebrates Earth Day:
http://www.mukto-mona.com/Special_Event_/Earth_day2006/index.htm

*****************************************
Kansat Uprising : A Special Page from Mukto-Mona

http://www.mukto-mona.com/human_rights/kansat2006/members/

*****************************************
MM Project : Grand assembly of local freedom fighters at Raumari

http://www.mukto-mona.com/project/Roumari/freedom_fighters_union300306.htm

*****************************************
German Bangla Radio Interviews Mukto-Mona Members:
http://www.mukto-mona.com/Special_Event_/Darwin_day/german_radio/

Mukto-Mona Celebrates Darwin Day:

http://www.mukto-mona.com/Special_Event_/Darwin_day/index.htm

*****************************************

Some FAQ's about Mukto-Mona:

http://www.mukto-mona.com/new_site/mukto-mona/faq_mm.htm

****************************************************

VISIT MUKTO-MONA WEB-SITE : http://www.mukto-mona.com/

****************************************************

"I disapprove of what you say, but I will defend to the death your right to say it".
-Beatrice Hall [pseudonym: S.G. Tallentyre], 190
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[mukto-mona] Please see NY proclamation and you can use it changing as you wish.

Fedaration of Organizations Against Bangladesh War Criminals, USA

==========================================

Saturday, 15^th Dec 'Manab Bandhan'

At Athens Park, Astoria @ 2PM

Federation of Organizations Against Bangladesh War Criminals, USA has declared a 'Manab Bandhan' on Saturday, 15^th Dec. from 2PM @ Athen's Park, 29 ^th St / 30 Ave. On the same day & at the same spot funds will be raised for the tornado victims.

===============================================================

Program: Manab Bandhan

Venue: Athen's Park, 29th St / 30 Ave. Astoria.

Time: 2PM

Date: Saturday 15th Dec 2007

Agenda: Trial of War Criminals & Ban the politics of Jamaat

===============================================================

Federation of Organizations Against Bangladesh War Criminals, USA had called upon a world wide protest on 15^th Dec. Australia, Austria, Italy, Japan, London, France, New Zealand, Geneva, Canada and different cities of US confirmed and declared its own program.

------------------------------------------------------------------------------------------------------------

PLEASE JOIN WITH FAMILY & FRIENDS

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[vinnomot] Jamate Played vital role in the killing of intelectuals in Dec 1971

As per Dr M A Hasan, convenor of war crimes fact finding committe, Jamate leader Golam Azam and Abbas Ali khan prepared the draft plan to kill the intelectual.Another Jamate leader Mr Khalek played the moderator role.Prof Dr Sazzad Hossain also helped Rao Forman Ali to preapare the list.Killing was carried out by Al Badre cadre Ashrafuzzama, Choudhuri Moinuddin , Khalek ,Cap Taj etc.

To read the full report published on Janakantha , may please find the attached PDF.

Nuruzzaman Manik, Freelance Journalist
Pls vist my article page: http://www.mukto-mona.com/Articles/n_manik/index.htm
http://www.satrong.org/Nuruzzaman%20Manik.htm
A life unexamined is not worthliving.-Socrates

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[mukto-mona] An interview of Sector Commander Gen (R) Mir Shoukat Ali and report on systemetic killing of intelectual

Here is the link:

http://www.the-editor.net/bangla/special.php

Nuruzzaman Manik, Freelance Journalist
Pls vist my article page: http://www.mukto-mona.com/Articles/n_manik/index.htm
http://www.satrong.org/Nuruzzaman%20Manik.htm
A life unexamined is not worthliving.-Socrates

__,_._,___

[vinnomot] An interview of Sector Commander Gen (R) Mir Shoukat Ali and report on systemetic killing of intelectual

Looking for last minute shopping deals? Find them fast with Yahoo! Search. __._,_.___

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Re: [vinnomot] PLEASE Stand Up Against SO CALLED 71ER GOLPO IN WASHINGTON D.C.

Is it ,

"Red flag to oppose red flag !!!

Shuvechhante,

Shafiqur Rahman Bhuiyan (ANU)
NEW ZEALAND.

On 12/15/07, Chowdhury, Harun X. <hchowdhury@atpco.net> wrote:

PLEASE STAND UP AGAINST THIS SO CALLED ORGANIZERS IN THE NAME OF 71ER GOLPO IN WASHINGTON D.C.

THE ORGANIZERS SUPPRESSED OUR GLORIOUS LIBERATION HISTORY OF BANGLADESH AND

AVOID REAL HISTORY. THEY HAD THREE FUNCTION IN THE NAME OF 71ER GOLPO NEVER EVER

THEY TALE OUR NEW GENERATIONS ABOUT PAKI COLLABORATORS RAZAKAR

ALBODAR ATROCITIES ,GENOCIDES IN BANGLADESH.

THERE IS NO PICTURES BANGABANDHU OR ZIAUR RAHMAN AND OTHERS SECTOR COMMANDERS .

THERE IS NO BANGLADESHI FLAG IN THE STAGE. THEY ABUNDANT OUR NATIONAL ANTHEM.

ONLY SLIDE SHOW 1952 IN THE SCREEN.

LAST YEAR ONE OF THE CHILD ASKED ONE OF THE ORGANIZER WHO IS THE FATHER OF THE NATION?

THEY COULD NOT ANSWER DIRECTLY.

IT IS SHAME FOR THE ORGANIZERS WHO ARE DOING THIS KIND OF 71ER GOLPO.

NEAR FUTURE MEDIA WILL FIND OUT THEIR BACK GROUND WHO ARE THIS PEOPLE DOING THIS

SO CALLED 71ER GOLPO  WILL   FLASH IN THE MEDIA AND NEAR FUTURE WILL CAMPAIGN AGAINST 71ER   GOLPO IF THEY DO NOT CHANGE THEIR WRONG IDEOLOGY .

MEDIA AND CONSCIOUS PEOPLES CAN NOT SUPPORT"ETIHASH BIKKRITI"

DUE TO ORGANIZERS AVOID OUR REAL HISTORY THIS YEAR 2007 IN WASHINGTON D.C. INTELLECTUAL PEOPLE AND OTHERS NON POLITICAL ORGANIZERS AVOID THIS CO CALLED 71ER GOLPO.

CHIEF GUEST ARE OUR PRO LIBERATION FORCES BUT THEY DON'T KNOW WHO ARE THIS ORGANIZERS.

ORGANIZERS ARE MISLEAD THEM.



From: khabor@yahoogroups.com [mailto: khabor@yahoogroups.com] On Behalf Of Ekatturer Golpo
Sent: Thursday, December 13, 2007 4:25 PM
To: khabor@yahoogroups.com
Subject: [khabor.com] Stand Up Against Khabor's Yellow Journalism

The 71-er Golpo team is calling on all conscious members of our community to sign this petition and denounce yellow journalism as demonstrated in the Khabor website.

In the main Khabor article on December 2, 2007, the Editor, Shibbir Ahmed has abused his position as a journalist to launch a smear campaign to undermine 71-er Golpo. The article, which contained comments by Harun Chowdhury, made unsubstantiated and baseless claims that the 71-er Golpo organizers are affiliated with anti-liberation forces (rajakars). The organizers challenged these individuals to corroborate their claims or retract the article and issue an apology in Khabor (Read statement issued by 71-er Golpo at http://71ergolpo.com/statement.html). Their failure to follow-up has compelled us to broadcast our grievance to the broader community.

This is NOT the first time Khabor has demonstrated poor and substandard journalism standards. We urge members of our community to speak out against unethical, malicious and sensationalistic journalism and boycott Shibbir Ahmed from reporting on future events.

__._,_.___

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[vinnomot] Re: [Diagnose] Re: [banglarnari] Desh o Jatir shotru Jamaati Islam ke borjon korun

[ VM does not believe in hate against hate-eye for eye. Even if author thinks Jamats are the worst animals on the earth, hatred towards them is not acceptable in VM. It is a place for logical, rational opposition. VM believes there is no place for hatred in democracy--Moderator]

Jamaat - Shibir (ICS) - Razakar - Al-Badar - Paki - PDP - Muslim League to be hated, condemned, resisted in all possible ways due to their past & present activities.

Even as per a "Moslim" & "Tirmiji" 'Hadith' (narrated below, as more or less),

The Messenger of Allah said:

"Resist an offender or "JALEEM" (who involved in killing, rape, torture):

By hand/force, if you have not enough strength to do it, then
You should do it with your tongue , and if you have not that power to do it,
(Even) then you should hate them from your heart - and this is the sign of least status or rank of "IMAN" (faith).

So, Jamaat - Shibir (ICS) - Razakar - Al-Badar - Paki - PDP - Muslim League (BNP is cocktail of these) will be hated, criticized, damned as it was done in past and will be treated same at now and also be treated same in future, for hundreds and hundreds of years to come!

--
"Sustha thakon, nirapade thakon ebong valo thakon"

Shuvechhante,

Shafiqur Rahman Bhuiyan (ANU)
NEW ZEALAND.

Phone: 00-64-9-828 2435 (Res), 00-64-0274 500 277 (mobile)
E-mail: srbanunz@gmail.com

N.B.: If any one is offended by content of this e-mail, please ignore & delete this e-mail. I also request you to inform me by an e- mail - to delete your name from my contact list.

On 12/15/07, Mohammad Rahman <mrahman246@yahoo.com> wrote:

Mr Syed

It is better to advice people to boycott Jamaat-e-Islami in a democratic way, but not to resist with logi, baitha and lathi. Let the people decide whom to accept and whom to reject. Thanks.

Mohammad Rahman

Adnan Syed <adnanhumanist@yahoo.com> wrote:

Please open the link and be a member. Raise your voice
to ban Jamatee Islam in Bangladesh.

http://www.facebook.com/group.php?gid=19201418744

Thank you
Adnan Syed

__________________________________________________________
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[vinnomot] A government in debt!!!????

A government in debt

Once again the caretaker government has reached its "debt ceiling," and once again caretaker administration is poised to authorize an increase in government borrowing. Between its ever-growing bureaucracies, expanding entitlements, and military entanglements, this government is borrowing roughly 10,000 crores Taka to pay its bills. Government debt carries absolutely no stigma for policy makers in Bangladesh.

Debt destroys nation's sovereignty, because the Bangladesh economy now depends on the actions of foreign governments and institutions. Ultimately, debt is slavery. Every taka the government borrows makes us less secure as a nation, by making Bangladesh beholden to interests inside the land as well as outside our borders.

According to the Bangladesh Bank statistics compiled up to December 4, the government borrowed about Tk 9,016 crore from the banking system in the first five months of the current fiscal year, which is 78 per cent more than the amount in the corresponding period of 2006-07 and overshoots the public borrowing target for 2007-08 by almost Tk 3,000 crore.Also, the increased government borrowing reflects poor revenue management. Not long ago, the government claimed a remarkable surge in the number of people filing their income tax returns. Then again, it also claimed to have realised quite a hefty amount of revenue from people who had evaded tax for years. Clearly, something is amiss so that the government is forced into bank borrowing. On balance, it seems that the government has not only failed to make the economy vibrant but also fared poorly in terms of revenue management.

Gopal Sengupta

Table-1

Government Borrowing (Net) From The Banking System

(Taka in Crore)
Sl. No.					Name of the Bills/Bonds/Securities	Objective	Outstanding as on 30 June 2007	Outstanding as on 31 July 2007	Outstanding as on 31 August 2007
1					2	3
Bangladesh Bank

1.			Ways and Means Advances			To Increase Government Cash balance	1000.0	286.8	0.0
2.			Overdraft				542.9	0.0	0.0
3.			Devolvement				1627.2	1733.6	1463.7
			a) Treasury Bill				1554.9	1661.3	1391.4
			b) Treasury Bond				72.3	72.3	72.3
4.			Overdraft Block				22330.0	22205.0	22080.0
5.			Government Currency Liabilities				441.5	441.5	441.4
6.			Advances to Autonomous and Semi-autonomous Bodies				5.1	5.1	5.1
7.			Government Deposits ^1/ (-)				-15.6	17.1	-2111.3
A.			Total : (1 +...+ 7)				25931.1	24654.9	21878.9

Deposit Money Banks (DMBs)

	1.	Government Treasury Bill					9236.7	10186.0	9927.2
		i)			Treasury Bills (Less than 1 year)	To Increase Government Cash balance	3921.9	5074.3	5502.8
		ii)			Treasury Bills (1 year and above)	To Increase Government Cash balance	5314.8	5111.7	4424.4
	2.	Government Bonds of Different Maturities (a+b)					10177.7	10979.4	11844.1
	a)	1 Year and above but less than 5 years					1939.1	1944.1	1944.1

		i)			3 Year (T&T) Treasury Bond-2008,2009 and 2010 bearing 7.0 percent interest	To finance the installation of digital telephone lines	208.6	208.6	208.6

		ii)			3 Year (T&T) Treasury Bond-2007, 2008, 2009 and 2010 bearing 7.0 percent interest	To finance the installation of mobile telephone lines	696.8	696.8	696.8

		iii)			3 Year (Sonali Bank) Treasury Bonds-2009 bearing 5.0 percent interest	To repay the loan of Bangladesh Petroleum Corporation	1000.0	1000.0	1000.0
		iv)			3 Year (Pubali Bank) Treasury Bonds-2009 bearing 5.0 percent interest	To repay the loan of Bangladesh Agricultural Development Corporation	33.7	33.7	33.7
		v)			3 Year (T&T) Treasury Bonds-2008 bearing 7.0 percent interest ^2/			5.0	5.0
	b)	5 Year and above					8238.6	9035.3	9900.0
		v)		5-Year Treasury Bond-2006 bearing 6.0 and 7.0 percent interest ^3/		To repay the bad loan to Textile Mills	0.6	0.0	0.0
		vi)		5-Year Treasury Bond-2007 bearing 6.0 percent interest		To repay the default loan of the Deshbandhu Sugar Mills Ltd.	2.8	2.8	2.9
		vii)		5-Year Treasury Bond-2008 bearing 5.0 percent interest		For interest remission of sick industries and export-oriented industry of frozen food.	93.9	93.9	94.0
		viii)		5-Year Treasury Bond-2008 bearing 5.0 percent interest		To repay the loan of sick industries.	30.0	30.0	30.0
		ix)		5-Year Treasury Bond-2008 bearing 5.0 percent interest		To repay the interest of loan of flood affected farmers	9.3	9.3	9.3
		x)		5-Year Treasury Bond-2008 and 2009 bearing 5.0 percent interest ^4/		To repay the interest remission of sick industries.	53.4	53.4	53.4
		xi)		5-Year Bangladesh Govt. Treasury Bond bearing 7.5 percent interest		To increase long-term investment of different industries	3008.1	3333.7	3721.3
		xii)		5-Year Treasury Bond-2010 bearing 5.0 percent interest		To repay the interest remission of sick dairy farms	0.5	0.5	0.5
		xiii)		5-Year Kohinoor Bat. Manu. Co. Privatization Treasury Bond-2012 bearing 5.0 percent interest ^5/		To finance the Privatization of Kohinoor Bat. Manu. Co.	10.1	10.1	10.1
		xiv)		10-Year Bangladesh Shipping Corporation (BSC) Bond-2008 bearing 8.0 percent interest		To repay the loan of Bangladesh Shipping Corporation to different commercial banks	103.3	103.3	103.3
		xv)		10-Year Bangladesh Govt. Treasury Bonds bearing 8.5 percent interest		To increase long-term investment of different institutions	3181.3	3530.0	3877.7
		xvi)		15-Year Bangladesh Govt. Treasury Bond bearing 8.5 percent interest		To increase long-term investment of different institutions	0.0	83.9	163.2
		xvii)		20-Year Bangladesh Govt. Treasury Bond bearing 8.5 percent interest		To increase long-term investment of different institutions	0.0	41.9	91.8
		xviii)		15-Year Treasury Bond-2008 bearing 5.0 percent interest ^{^6/}		To meet shortfall due to agricultural loan write-off and shortfall in capital and provisioning against bad loans of Sonali Bank, Janata Bank, Agrani Bank and Rupali Bank Ltd.	500.0	500.0	500.0
		xix)		15-Year Agriculture Treasury Bond-2011 bearing 5.0 percent interest ^{^6/}		To meet the shortfall of agricultural loan write-off of BKB	145.0	145.0	145.0
		xx)		15-Year Special Treasury Bond bearing 5.0 percent interest		To meet the shortfall in provisioning against the bad loans and recapitalization of nationalized banks.	613.4	613.4	613.4
		xxi)		25-Year Treasury Bond-2018 bearing 5.0 percent interest		To compensate for the liquidation of jute sector credit	266.0	266.0	266.0
		xxii)		25-Year Treasury Bond-2019 bearing 5.0 percent interest		To compensate for the liquidation of jute sector credit	184.6	184.6	184.6
		xxiii)		25-Year Treasury Bond-2020 bearing 5.0 percent interest^7/		To reimburse one-third of the debt due to jute mills' loan write-off by the private banks.	36.3	33.5	33.5
		3.		Prize Bond/Income Tax Bond		To increase Government Cash balance	28.7	12.0	30.3
		4.		Government's other Securities		To increase Government cash balance	0.4	0.3	0.3
		5.		Sub-Total : (1+…+4)			19443.5	21177.7	21801.9
		6.		Advances to Food Ministry			484.8	623.2	335.9
		7.		Advances to Other Ministries and Autonomous/Semi-Autonomous Bodies			435.6	670.7	682.6
		8.		Accrued Interest			1902.6	1918.4	1806.8
		9		Government Deposits (-)			-12157.6	-11923.9	-12010.6
		B.		Total : (5+…+9)			10108.9	12466.1	12616.6
		Grand Total (Net Government borrowing from the Banking System) : A+B					36040.0	37121.0	34495.5

		;Note : Figures on Bonds are being calculated of coast value since January, 2006.
1/		Including ERD deposits.
2/		This Bond matured in March 2007 and then extended for 1 year but it has been reported in the Monetary Servey in July 2007.
3/		Out of Tk. 73.1 crore an amount of Tk. 72.5 crore has been paid during February-April 2007 and the rest has been paid in July 2007
4/		Out of Tk. 54.2 crore an amount of Tk. 53.4 crore has been issued to different commercial banks and rest of the amount to the ICB
5/		5-year Kohinoor Batery Manufacturing Company Privatization Treasury Bond-2012 has been issued on 23 April 2007.
6/		15- Year and 20-Year Bangladesh Government Trasury Bond have been issued in July 2007.
7/		Out of total amount of Tk. 36.3 crore an amount of Tk. 2.8 crore was paid in July 2007

	Sources :
1)	Monetary Survey, Statistics Department, Bangladesh Bank (BB).
2)	Bangladesh Bank Affairs, Accounts and Budgeting Department , BB.
3)	Outstanding Balance of Government Borrowings, FOREX Reserve and Treasury Management Department, BB.

Table - II

Non-Bank Government Borrowing (Net)

(Taka in Crore)
Sl.		July-August 2006/2007				July-August 2007/2008
No.	Name of the Schemes	Sale	Repayment		Net	Sale	Repayment		Net
			Principal	Interest	Sale		Principal	Interest	Sale
1	2	3	4	5	6 = (3-4)	7	8	9	10 = (7-8)
	NSD Instruments

1.	Defence Savings Certificate	0.0	300.86	385.36	-300.86	0.0	340.5	446.1	-340.5
2.	5 -Year Bangladesh Savings Certificate	410.49	106.8	37.99	303.69	367.5	220.9	64.1	146.6
3.	Bonus Savings Certificate	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4.	6 - Month interest bearing Savings Certificate	0.0	34.3	8.1	-34.3	0.0	28.7	3.2	-28.7
5.	Family Savings Certificate	0.0	65.4	8.3	-65.4	0.0	13.0	1.0	-13.0
6.	3 - Month interest bearing Savings Certificate	1,226.2	864.1	230.6	362.1	865.2	830.8	219.2	34.4
7.	Jamanat Savings Certificate	0.0	0.1	0.0	-0.1	0.0	0.1	0.0	-0.1
8.	Pension Savings Certificate	256.9	20.5	27.3	236.5	263.2	18.8	47.4	244.4
9.	Post Office Savings Bank	759.0	501.5	133.2	257.4	833.6	644.8	141.5	188.8
10.	a) General Account	143.7	123.7	4.2	20.1	156.1	140.5	6.2	15.6
	b) Fixed Account	615.2	377.8	128.9	237.4	677.5	504.3	135.3	173.3
	c) Bonus Account	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0
	Postal Life Insurance	13.1	2.9	0.3	10.2	12.1	2.9	0.4	9.2
11.	Prize Bond	16.6	10.9	1.2	5.6	16.1	9.8	1.0	6.4
12.	Wage Earners' Development Bond	96.2	13.5	21.7	82.7	129.7	17.0	40.5	112.7
13.	3-Year National Investment Bond	26.9	23.5	6.0	3.4	27.1	61.7	15.7	-34.6
14.	US $ Premium Bond	7.4	3.6	2.1	3.8	4.0	14.3	1.6	-10.4
15.	US $ Investment Bond	41.5	7.8	4.3	33.7	29.1	22.4	3.9	6.7
16.	Total : (1+...+15) ^1/	2,854.1	1,955.5	866.5	898.6	2,547.6	2,225.7	985.5	321.9
17.	Banking Sector (net) (-) minus				2.2				1.6	^2/
18.	Total NSD Instruments (net): (16-17) Govt. Treasury Bills/Bonds				896.4				320.3
19.	Govt. Treasury Bills ^3/				-42.9				5.2
20.	5 -Year Treasury Bond-2005				-0.1				86.8
21.	10 -Year Bangladesh Govt. Treasury Bonds				32.7				103.5
22.	15 -Year Bangladesh Govt. Treasury Bonds ^4/								36.8
23.	20 -Year Bangladesh Govt. Treasury Bonds ^4/								8.2
24.	Total Non-Bank Govt. Borrowing (net) : (18+….+23)				886.1				560.8

1/	Including Investment in the Banking Sector.
2/	Tk.-1.6 crore in Prize Bond / Income Tax Bond.
3/	The amount of Treasury Bills was shown at sale value
4/	15- Year and 20-Year Bangladesh Government Trasury Bond have been introduced on 04/07/2007 and 18/07/2007 respectively.

Sources :
	a) National Savings Directorate.
	b) Outstanding Balance of Government Borrowings, FOREX Reserve and Treasury Management Department, Bangladesh Bank.

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