[ALOCHONA] FW: Micro-finance require new strategy: Present Strategy Can Not Help --Asia Post editorial dated 13.8.09

----- Micro-finance require new strategy: Present Strategy Can Not Help
 

Despite a wide range of development programmes, including the trail-blazing micro-credit scheme, more than half the population are still trapped in the shackles of poverty — a situation that reflects ‘serious flaws’ in the country’s poverty alleviation strategy. Acknowledging such reality, the finance minister, AMA Muhith, said on Tuesday that the nation’s long fight against poverty should enter a final stage within the next 20 years and micro-credit would be used as one of the weapons to overcome the plight of the poor. ‘The pace of poverty reduction has not matched that of the human development in our country. There are some serious flaws in the [poverty reduction] strategy,’ he observed while inaugurating a two-day seminar on ‘Microfinance Interest Rate and Transparency’ at Palli Karma Shahayak Foundation.   
   He defended the microfinance institutions for criticism against them about excessive interest rates and blamed ‘half-educated pundits’ for making sweeping remarks about interest rate.
   ‘Some people castigate them as Shudkhor [hedge-financiers] for charging excessively high interest. That is not true,’ Muhith told the function presided over by senior economist and chairman of the institute Wahiduddin Mahmud. However, the prime minister, Sheikh Hasina, vehemently criticised micro-credit lenders in 2007 when Nobel Laureate Muhammad Yunus attempted to float a political party. ‘There is no difference between those who take bribe and those who charge high interests,’ she was quoted to have said. Describing the huge micro-credit operations in Bangladesh as a matter of pride, Muhith still questioned why the poor still remained trapped in chronic poverty without any graduation. ‘We have stagnated in lower level technology despite certain progress we have made. We want to come out of that situation,’ he pointed out. The governor of Bangladesh Bank, Atiur Rahman, emphasised the importance of integrating the micro-credit programmes into macro policy and said money supply was already under the formal transactions. ‘We have to think what would have happened to us if there was no micro-credit. One major reason why our rural people did not make exodus to cities is the operation of micro-credit,’ said Atiur, a development economist.

The seminar’s opening also highlighted the 25 percent or more interest rate which should be reduced. Most of them however said the rate must be market based .If this is the position taken we feel that micro-finance can not help in reduction of poverty. We remember that micro-credit in Bangladesh was started on the premise to remove poverty, it was not intended to be a finance for SME’s or medium level businesses. That is the function of banks or other institution created for that. The poverty elimination can not be achieved by capalist approach of making micro-finance a profit making venture for financiers or banks. Propaganda is on against micro-credit for poor in the name of real interest rate or trap of low economic growth. Development in not the basic function of micro-finance, the development has to come through agricultural, industrial and infrastructure development The seminar also failed to look into other alternative modes available such Islami Bank Bangladesh Limited’s model or Islamic Development Bank model.

 

 

 

 

Micro finance  can be based on Qardul Hasan principle where  the client will be paid fund for business or self employment to be returned after a period in  installments  ( essentially because they are hard core poor and the objective is to remove poverty ) and the administrative cost will be borne by the NGO out of charity fund or  cash-waqf fund or Zakat fund. This would necessitate establishment of Charity fund based on donations from various donors, foreign or national . Simultaneously   Zakat fund and Cash-Waqf fund can be established. The Non –Muslim NGOs can also work on the same basis except that they have to depend on charity fund. Micro-Finance has to be low cost. Otherwise it will not serve the purpose. It should not be made a profit making venture and it should not be made  a capitalist venture. Micro-finance  can be  based on Mudarabah, Murabahah or Bai Muazzal basis also but it will be more practical at this stage to organize on Bai Muazzal basis ( supplying appliances, goods for self employment or small business  on deferred payment basis )The NGOs will  receive back the principal and a profit ( difference between the buying and selling price of the goods and appliances given.).

 

 It can also be totally Zakat based. In that case Zakat collected should be given free to the clients , an amount which is sufficient for self-employment or small business .There should be supervision so that they use it for getting out of poverty. The administrative cost also should be met from Zakat. Grameen model has some weaknesses. The amount of loan is too small, the payment cycle is short , the gestation period is non-existent. We  suggest that the finance amount  to clients should be moderately increased to make the finance a viable proposition, realization should start after   three months  and  the re-payment cycle should be longer to make it more easy for the poor. NGO’s should also have arrangement for short term loan for clients who face disaster or serious sickness (in the form of Qardul Hasan as the matter relates to poor or hard-core poor).We should make  Micro – finance movement as a  way out from poor-unfriendly , profit conscious, value-free  capitalism ...

 

 

 

 

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Thanks for sending these video clips which I saw many times before. Being a thoughtful person if you believe them as true and possible I won't waste time arguing on these questions. If your anger is based on these illogical evidences and the subsequent consequences of the after effect which has profoundly enraged the Muslims, is it the right way we have reacted? This will be a prolonged discussion based on faith, history and philosophy.  People make history with pragmatic ideas not based on emotions. The tragedy is some where else. Muslims are historically a quarrelsome clan; they love to kill their own to avenge their foes. The faith is basically rotten to its bottom. The preconditions of a blind faith have plagued this faith which Muhammad used to discipline his unruly tribesmen. This is a vicious circle from where Muslims could never free themselves. This is the reason an illiterate or half educated mullah still reigns supreme. This is the reason a modern but repressive regime of Reza Shah Pahlavi could be replaced by a bunch of medieval mullahs in Iran. By 9/11 or any other terrorist acts Muslims can not change their fate. Their fight should have been against their inefficient and corrupted rulers. The fateful drag of the 7^th century must come to an end. They need to look forward and embrace the changes rather that praising burqa, hijab ,niqab, suicide bombings and beard. Emancipation is some where else. An epoch is fast approaching when the posterity will demolish all these obnoxious values. Thank you.

 

Akbar Hussain

 

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To: alochona@yahoogroups.com
From: arrad@ymail.com
Date: Thu, 13 Aug 2009 06:52:52 +0000
Subject: [ALOCHONA] Re: The Fatal Attraction.

 

[[By destroying the Twin Towers, bombing Madrid trains and London tube how far have you defeated your enemies?]]

By directly accusing me for the 911 attacks if Akbar thinks that he can silence the world of freedom to question and dissent that 911 was orchestrated by Bush and his puppets Tony Blair, Rice, Mueller, Tenet, Rumsfield and Bush's puppets qualition of willing scavengers then I think, he is mistaken. Read this, you can't silence me into submission because I am exalted with the information that would clearly slaughter your ignorance about the 911 attacks.

Just the Bush's regime didn't require any proof to accuse Saudis and Egptians for the 9/11 attacks and why did US government immediately point the finger at Bin Laden, yet refuse to release the evidence? and now this Abkar is soo sure and is accusing me whether I have defeated my enemies by destroying the Twin Towers. That's a very serious charge and I take it very seriously.

I feel Akbar's supremacism is unacceptable and refuse to accept it. As for me, finding and telling the truth is the highest interest.

The truth of 911 is according to former Sen Bob Dole's chief of staff, very successful senior counselor, lawyer Stanly Hilton has unmasked the Bush junta. The following transcript of Radio Interview with Stanley Hilton by Alex Jones. All honor to Stanley Hilton for risking his life so that we may know the truth of 9/11.

This (9/11) was all planned. This was a government-ordered operation. Bush personally signed the order. He personally authorized the attacks. He is guilty of treason and mass murder. - Stanley Hilton

And I ask Mr. Akbar also to verify the following videos, so that he can slaughter his own ignorance but not the person who challenges his unprincipled rogue, conscienceless and unrestrained behavior.

The following videos were made available by the media to show the whole world:

http://video.google.com/videoplay?docid=-6714356054823827684
http://www.youtube.com/watch?v=oVH5jm06pJY&feature=related

For more videos, you can use youtube or google to search as "the secret evil of 911", "911 was an indside job", and "controled demolition" etc.

--- In alochona@yahoogroups.com, Akbar Hussain <akbar_50@...> wrote:

I am happy that rather than dumping me as an anti Islam, a Zionist
agent or an infidel (a very favourite word used by some so called Islamic humanists) you have expressed your sincere opinion. For sure you can resort to anything to free yourself from occupation and enslavement as you are doing it now by massacring your own brothers and sisters in Iraq, Afghanistan and Pakistan.

God willing your emancipation is not far. It's just a matter of how many more you need to kill. Your struggle is headed by the true believers like Osama bin Laden, Ayman al Zawahari, Mullah Omar and Baitullah Mehsud. By now in Iraq almost a hundred thousand innocent people has been killed, if you think the shias are to be killed to purify Islam, please go ahead. Condemn me and encourage those mindless thugs.

When Iraq was invaded by stupid Bush where was your Muslim ummah? The custodian of Mecca and Medina are to be praised for their silence. By destroying the Twin Towers, bombing Madrid trains and London tube how far have you defeated your enemies? By constructing more mosques and compelling the women to wear hijab and niqab could you frighten your foes? Wake up, try to be equal to your adversaries, learn from them how they defeat their foes. Do not follow the vicious mullahs, follow your intellect and when you enter the mosque do not leave your brain outside along with your shoes. Ask questions, demand
explanations, do not allow the imam to instil fear into your heart. Follow faith not fables or a cult. Suicide bombing will not bring emancipation, search your own soul. Don't be mad at me; slaughter your own ignorance not the person who challenges your unscrupulousness.

Akbar Hussain
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> To: alochona@yahoogroups.com
> From: arrad@...
> Date: Tue, 11 Aug 2009 07:27:40 +0000
> Subject: [ALOCHONA] Re: The Fatal Attraction.
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> The word Islam is not a religion, nor Islam does not imply a faith nor does it constitute a culture. The enemies of peace[Islam] can propagate whatever they choose to mean by it but the word Islam can't be a religion, nor a faith or a culture. The word Islam is just an idea which means "peace" or "how to make peace" nothing more and there are many ways to achieve its end and the Quran is a book for guidance to those who seek its[peace's(islam's)] guidance to achive peaceful coexistance among many nations or many tribes. These distinction must be instigated to those who born to be cynical of other cultural heritage.
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> Anyone could be disappointed at others' cultural heritage as did Akbar's brother, even Geeta and Veda were also disappointed for those idolworships who are acutally embraced and are performing paganic rituals while Geeta and Veda asked their followers not to do that. Does Akbar's brother take a issue with that too? Where is Akbar's outrage?
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> Akbar wrote: [[He complained why the Muslims find pleasure in the past only while disregarding the importance of the contemporary times in which they live.]]
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> Can Akbar hossain conherently explain why do christians, Hindus, Buddhas and Jews take pleasures in the events of the past as well? Does the importance of the contemporary time only belong to the Muslims alone? By the way what are the contemporary events that are being disregarded or ignored by the Muslims? Does Akbar not live in contemporary time while disregarding it? while clinging on a muslim name by him, does he not spitting his own saliva on his own face? Who is he tring to fool? Him or gullible of his kind?
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> Akbar wrote:[[This tendency to seek happiness in the bygone days is a dramatic turn in the Muslim psyche.]]
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> As if Akbar kinds don't have a tendency to seek happiness in the bygone days. what a joke. perhaps his kinds' psyche is fully fantasizing only for the unknown future events while pretend that he never had the bygone days. what a rediculous assertion! And wonder why does a griny old fellow should wink at the bygone days while counting his expiration date approahing?
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> Akbar wrote: [[This is ridiculous that non Arab Muslims disregard their own culture by shamelessly embracing pagan Arab cultures.]]
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> By the way what are the pagan-arab cultures anyway? And what are the traditions that the non-arab muslims has disregarded? What specific cultural events that he is suggesting for the non-arab muslisms which won't fit to redicule his culture?
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> Can he sketch a cultural blue print for non-Arab Muslims that does not embrace pagan cultures such as idol-worshipping? by the way, does he consider idolworshipping as pagan's culture?I heard and read that pagans used to idolworship as is the case with those who live near the river indus basin. Does it not ridicule mr. Akbar's conscience seeing those real pagans are performing those real pagan rituals?
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> Hope he does not redicule himself by not being forthcoming with the proper responses for those above questions have been raised for his cultural relativities to survive. I remind him that the paganic ritual of idol worshipping is not an option for his cultural relativity to survive.
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> Akbar wrote: [[While discussing the contemporary mindset of the some ultra zealous Islamic ideologists with a friend of mine who is a very energetic supporter of this growing platform,]]
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> Anytime anyone is enslaved, or in any way deprived of his liberty, if that person is a human being, as far as I am concerned he is justified to resort to whatever methods necessary to bring about his liberty again.
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> Akbar is using the Alcohona forum to create a humanitarian image, for a devil, or a devil image for a humanitarian. He takes a person whose a victim of the crime, and make it appear he's the criminal, and He is taking the criminal and make it appear that he's the victim of the crime.
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> __________________________________________________________
> More storage. Better anti-spam and antivirus protection. Hotmail makes it simple.
> http://go.microsoft.com/?linkid=9671357
>

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[ALOCHONA] China should break up India into 20-30 states: Chinese strategist

The Writer must not be aware that his government had ordered the so called 'Friendly Country' Pakistan's Chief of Army to come to China and explain existance of a JehaaDi Camp near Chinese Border in Pakistan, where JehaaDi Pakistan had been caught training, arming and financing the Militant Moslim Separatists of Western China.
.
He also doesn't know, Pak Army Chief was asked, how the hell Chinese Weapons issued to Pakistan have been found in the hands of JehaaDi Militants as far away from Pakistan as Thailand and Indonesia?

--- In alochona@yahoogroups.com, "M.B.I. Munshi" <MBIMunshi@...> wrote:
>
> China should break up India into 20-30 states: Chinese strategist
>
>
> IANS – August 10, 2009
>
>
>
> New Delhi, Aug 10 (IANS) In an article likely to raise Indian hackles, a
> Chinese strategist contends that Beijing should break up India into
> 20-30 independent states with the help of 'friendly countries' like
> Pakistan, Bangladesh, Nepal and Bhutan.
>
> The publication of the article nearly coincided with the 13th round of
> India-China border talks that ended in New Delhi Saturday on a positive
> note, with Beijing emphasizing the need to build strategic trust and
> elevate strategic partnership to a new level to include coordination on
> global issues.
>
> Written in Chinese, the article, 'If China takes a little action, the
> so-called Great Indian Federation can be broken up,' is published in the
> new edition of the website of the China International Institute for
> Strategic Studies (CIISS), an influential think tank that advises
> Beijing on global and strategic issues.
>
> According to D.S. Rajan, director of the Chennai Centre for China
> Studies, Chennai, Zhan Lue, the author of the article, argues that the
> 'so-called' Indian nation cannot be considered as one having existed in
> history as it relies primarily on Hindu religion for unity.
>
> The article says that India could only be termed a 'Hindu religious
> state' that is based on caste exploitation and which is coming in the
> way of modernisation.
>
> The writer goes on to argue that with these caste cleavages in mind,
> China in its own interest and the progress of whole of Asia should join
> forces with 'different nationalities' like Assamese, Tamils and
> Kashmiris and support them in establishing independent nation states of
> their own.
>
> In particular, the article asks Beijing to support the United Liberation
> Front of Asom (ULFA), a militant separatist group in the Indian
> northeast, to it achieve independence for Assam from India.
>
> Furthermore, the article suggests that China can give political support
> to Bangladesh to encourage ethnic Bengalis in India get rid of 'Indian
> control' and unite with Bangladesh as one Bengali nation.
>
> If this is not possible, the creation of at least another free Bengali
> nation state as a friendly neighbour of Bangladesh would be desirable
> for the purpose of weakening India's expansion and threat aimed at
> forming a 'unified South Asia', the article argues.
>
> The article recommends India's break up into 20-30 nation-states like in
> Europe and contends that if the consciousness of 'nationalities' in
> India could be aroused, social reforms in South Asia can be achieved,
> the caste system can be eradicated and the region can march towards
> prosperity.
>
> The Chinese strategist suggests that to split India, China can seek
> support of friendly countries including Pakistan, Nepal and Bhutan.
>
> China should encourage Bangladesh to give a push to the independence of
> West Bengal and recover the 90,000 sq km territory in Arunachal Pradesh,
> which China calls Southern Tibet, says Rajan who has analysed the
> article for the Chennai-based think tank.
>
> 'The write-up could not have been published without the permission of
> the Chinese authorities, but it is sure that Beijing will wash its hands
> out of this if the matter is taken up by New Delhi,' says Rajan.
>
> 'It has generally been seen that China is speaking in two voices - its
> diplomatic interlocutors have always shown understanding in their
> dealings with their Indian counterparts, but its media is pouring venom
> on India,' says Rajan.
>
> Which one to believe is a question confronting the public opinion and
> even policy makers in India, Rajan says, adding that ignoring such an
> article will 'prove to be costly' for India.
>
> http://in.news.yahoo.com/43/20090810/812/tnl-china-should-break-up-india\
> -into-20.html
> <http://in.news.yahoo.com/43/20090810/812/tnl-china-should-break-up-indi\
> a-into-20.html>
>

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[ALOCHONA] Fw: .Another hack job by Centre for Policy Dialogue (CPD) on Bangladesh

--- On Wed, 8/12/09, Factification <factia@gmail.com> wrote: The following article is ostensibly about shipbuilding but Centre for Policy Dialogue guys Hassan-uz-zaman & Asif Anwar seem have some other agenda with unrelated bits added to harm, negativise, and belittle Bangladesh. By the way this Centre for Policy Dialogue is a single conduit for source of information to the West, it  supplies negative information, mostly to malign Bangladesh, in a manner welcomed by the likes of BBC, The Economist... It's usual prediction is that nothing will work for Bangladesh. Please look at CDP's dire predictions for the clothing manufacture industry a few years back. And it's attempt to enthusiastically promote Parsi-owned TATA, as if acting like India's Public Relations machinery. Such is the inaccuracy the the CPD con-experts say that "the country's shipbuilding sector was hardly conceived to hold any significance for the economy". And yet this sector  has manufactured thousands of ships for the domestic market over the years, employing thousands of highly skilled manpower. Why have CPD men  Hassan-uz-zaman & Asif Anwar included the following paragraph?   In spite of the depressing global economic outlook,  which was $8 millthe caretaker government had received $830 million worth of assistance during the first half of the current fiscal,ion higher than that of the corresponding period of the previous fiscal (2007-08). Recently, a $2 million grant has been approved by the Asian Development Bank to aid the development of the micro insurance sector. It is expected that around 20,000 people in Bangladesh will directly benefit from the grant, which is provided by the ADB's Japan Fund for Poverty Reduction, funded by the Japanese government.    Taslima http://www.energybangla.com/index.php?mod=article&cat=OurPartners&article=1523 Shipbuilders: Geese with the Golden Eggs?   Hasanuzzaman and Asif Anwar The country's shipbuilding entrepreneurs could well prove to be the 'geese with the golden eggs'. In early 2008, orders worth more than $400 million were in the pipeline and although this amount is not significant against the contribution made by remittances and garment exports, it should be borne in mind here that compared to all the other export-oriented industries, this sector can be assumed to have been endowed with a certain level of technology that allows it to participate in higher value production.  IN THE backdrop of an enduring global financial crisis, the title may bemuse many readers. More than the backdrop, the reason could be that the country's shipbuilding sector was hardly conceived to hold any significance for the economy. However, given the prevailing pessimism over the global economic outlook for 2009 (and also for the next two to three years to come), a country like Bangladesh, that has witnessed an intense structural transformation in terms of her economy being aid dependent turning into trade reliant, is poised at a critical balance where she stands to either benefit from these apprehensions, or get drowned in them.    With the failure of capitalism on one hand and the potential of protectionist policies on the other, however, the scope of those benefits accruing to trade-reliant developing countries has been narrowed down. The World Economic Forum, which concluded in Davos on the first day of this month, dedicated a session on addressing the issue of protectionism, 'The Fight against Protectionism'. During the session, it was said that concluding the Doha Round of trade negotiations, under the World Trade Organisation, can prove to be the single most valuable step that the global leaders could take in order to keep the current economic tornado from triggering a destructive protectionist backlash. This would also help ensure that the gains derived from the process of globalisation are not entirely reversed. It may be highlighted here that the WTO director general, Pascal Lamy, has indicated that there are encouraging signals from G-20 leaders regarding their commitments to the Doha agenda.    Then again, it will be extremely difficult in the political sense to seek further trade liberalisation at a time of escalating unemployment in the developed countries. Likewise, development on the domestic fronts can undermine the prevailing multilateral order. In this unfavourable backdrop, the newly elected government may have to look for alternatives rather than solely relying on the garments sector and remittances in order to maintain the high GDP growth that has been attained in recent years. In this regard, it is worth underlining here that traditional shipbuilding countries are becoming reluctant to build small ships (weighing less than 2,500 DWT – deadweight tonne) and as a result, a new window of export opportunity has opened up for Bangladesh, which has already witnessed an influx of orders from European buyers. The category of ships that Bangladesh has built has a market size worth over $106 billion globally which means that even if she were to secure one per cent share of this market, it would increase annual exports by more than a billion dollars.    Now that the economic tornado is taking shape in various forms around the globe, it is imperative to explore other areas where there is potential for reviving the economic status quo. The first and foremost is technology. As a matter of fact, advancement in technology was a key driver of economic recovery in many parts of the world (especially, in the aftermath of the collapse of the Berlin Wall in 1989). Indeed, the country's shipbuilding entrepreneurs could well prove to be the 'geese with the golden eggs'. In early 2008, orders worth more than $400 million were in the pipeline and although this amount is not significant against the contribution made by remittances and garment exports, it should be borne in mind here that compared to all the other export-oriented industries, this sector can be assumed to have been endowed with a certain level of technology that allows it to participate in higher value production. Taking this cue, it can be safely deduced that while it took around 25 years for the country's garment industry to flourish and play a key role in foreign earnings, shipbuilding can do that in less time (in about 10 years) with higher local value addition assuming proper facilities are provided towards the development of backward linkage industries.    In spite of the depressing global economic outlook,  which was $8 millthe caretaker government had received $830 million worth of assistance during the first half of the current fiscal,ion higher than that of the corresponding period of the previous fiscal (2007-08). Recently, a $2 million grant has been approved by the Asian Development Bank to aid the development of the micro insurance sector. It is expected that around 20,000 people in Bangladesh will directly benefit from the grant, which is provided by the ADB's Japan Fund for Poverty Reduction, funded by the Japanese government.    Nevertheless, post-September 2008 scenario was not so inspiring when ocean freight rates declined by as much as 90 per cent. With giants like Singapore and Korea having hard time remaining afloat, it will be a nightmare for Bangladesh's potential manufacturers even to consider entering this business. With the global shipping industries faltering, it is yet to be seen how Bangladeshi shipbuilders respond and whether the local commercial banks will finance such a risky venture or align themselves with the international financial institutions also remains uncertain. For now, it can only be hoped that our country's policymakers (especially technocrats) craft policies that aspire to accommodate the rapidly darkening economic landscape, and subsequently, identify new areas to generate employment and keep the economy growing at a stable level. To what extent the golden egg will be able to galvanise our economic activities and subsequently spill over into other areas, is yet to be seen.    Hasanuzzaman and Asif Anwar are researchers for the Centre for Policy Dialogue, a Dhaka-based research organisation

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