Region-specific protocols imperative to resume economic activities after pandemic
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
Region-specific protocols imperative to resume economic activities after pandemic

Economy

TBS Report
26 April, 2020, 09:00 pm
Last modified: 26 April, 2020, 09:15 pm

Related News

  • Rethink Bangladesh-India relationship by improving public perceptions: Experts
  • RMG workers earn less than half living wage: Sanem
  • Runaway inflation puts food security at risk: Sanem
  • Introduce social insurance, schemes for informal workers: Sanem
  • Safety fund inadequate to deal with inflationary pressure: Sanem

Region-specific protocols imperative to resume economic activities after pandemic

Experts at a panel discussion suggested the government should take measures to decrease oil prices in line with the global market

TBS Report
26 April, 2020, 09:00 pm
Last modified: 26 April, 2020, 09:15 pm
Photo: Saikat Bhadra/TBS
Photo: Saikat Bhadra/TBS

The government should prepare sector and region-specific protocols, fully complying with health and safety standards, to resume economic activities in the country after the Covid-19 pandemic, said experts at a panel discussion.

Farmers should be given loans at zero percent interest, instead of the already declared 5 percent, to recover the losses they have been counting due to the crisis, they added.

And the government should increase purchase of food grains from farmers while mechanisation of agriculture is highly important, the discussants said at a forum of the South Asian Network on Economic Modeling (Sanem) on Saturday.

On the fourth episode of the Sanem Netizen Forum on the Covid-19 Pandemic, the discussants placed a set of 13 suggestions before the government to recover from the socio-economic losses due to the coronavirus.

Referring to the necessity of increasing funds for the health sector, they proposed a 4percent GDP allocation for the sector.

They also said possible impacts of Covid-19 on Indian agriculture will affect Bangladesh. So, the government should assess such effects beforehand.

The government should take measures to decrease oil prices in line with the global market so that lower and lower-middle income groups can be benefited from it, said the speakers.

They further said providing opportunity of whitening black money might be useful in financing the stimulus package. But it must be noted that repeated chances of whitening may increase black money accumulation. Therefore, strengthening the National Board of Revenue is important.

Policies should specifically address workers in newly emerging gig economy, who are hit hard by the current lockdown.

For the government to reach and assist the marginalised people, technology must be utilised to the fullest.

The speakers also said experts need to immediately start planning for education programmes in all levels. Difficulties for students in rural areas must be addressed.

The programme was moderated by Dr Selim Raihan, the executive director of Sanem.

Referring to an ongoing Sanem estimate on socio-economic costs of the pandemic, he said Bangladesh may go back to its earlier days of poverty.

The final results of the estimate are yet to come out, but it is clear that Bangladesh's decade-long achievements in the poverty scenario will be overturned by the pandemic, he said.

Inequality will also rise along with an imminent global food crisis, added Raihan, who is also a professor of Economics at the Dhaka University.

He urged the government to firstly explore other means for financing the stimulus package and consider printing taka as the last option as it might create a challenge with the current institutional weaknesses in the banking system.

The Sanem panel included Dr Sayema Haque Bidisha, Sanem's research director and professor of Economics at Dhaka University and, and Mahtab Uddin, research fellow at Sanem and a lecturer of Economics at Dhaka University.

Top News

Region-specific protocols / economic activities / SANEM

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt
  • Sugar turning bitter!
    Sugar turning bitter!
  • Island hopping in Bangladesh?
    Island hopping in Bangladesh?

MOST VIEWED

  • TBS file photo
    Z&Z Fabrics introduces Sorona fabric line
  • Top 20 defaulters owe Tk16,588 crore to lenders: Finance minister
    Top 20 defaulters owe Tk16,588 crore to lenders: Finance minister
  • Fund crisis, cost rise stall over 1,000 dev projects
    Fund crisis, cost rise stall over 1,000 dev projects
  • Infographic: TBS
    Unemployment hits all-time high at 6.91% in Nov
  • World Bank Managing Director Axel van Trotsenburg. Photo: Reuters
    World Bank MD due Saturday
  • Photo: TBS
    Indian ship arrives in Ashuganj river port with 958 tonnes of rod

Related News

  • Rethink Bangladesh-India relationship by improving public perceptions: Experts
  • RMG workers earn less than half living wage: Sanem
  • Runaway inflation puts food security at risk: Sanem
  • Introduce social insurance, schemes for informal workers: Sanem
  • Safety fund inadequate to deal with inflationary pressure: Sanem

Features

Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

12m | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

47m | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

2h | Panorama
Illustration: TBS

HC verdict moves the needle on recognising single motherhood

42m | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

14h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

15h | TBS Stories
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

17h | TBS SPORTS
Why Misha Sawdagar became villain instead of a Hero?

Why Misha Sawdagar became villain instead of a Hero?

16h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]