Everyone is eager to cut people's pockets



Ashraful Islam, Planning Editor, Barta24.com
Photo: Barta24

Photo: Barta24

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A few days ago, the price of electricity increased by executive order. Even though there is an organization called 'Energy Regulatory Commission' to recommend price increase after hearing with the stakeholders, another new news on Thursday has made the people worried again in the midst of public dissatisfaction with the decision to increase the price by bypassing it. According to reports, 15 percent tax is being levied on metro rail fares that bring a new level of connectivity to the citizens to ease traffic congestion in the capital.

The National Board of Revenue has written to DMTCL, the metro rail operator, stating that VAT will be levied from the first day of the next financial year (July 1). Ever since the news hit the media, social media has drawn countless reactions from the general public, especially working people—who commute on the metro rail every day. Most of the critics of this decision say that the gist of it is more or less the same, 'everyone is eager to cut the pockets of the poor people'.

Needless to say, the metro rail brings a new hope to the traffic-congested city of Dhaka. Especially for the working people, this metro rail is considered to be a great boon. However, in the beginning, the passengers complained that the fares of Dhaka Metro Rail were set higher. Although the fare of Tk. 100 per person from Uttara Station to Motijheel may not seem excessive to many, those with low incomes describe it as several times more than the usual.

Citing the example of the neighboring country India, they said that Kolkata in West Bengal has the opportunity to travel from one end of the city to the other end for less than 50 rupees. Common passengers argue that, on the one hand, a large amount of fuel is being saved due to the reduction of traffic congestion, as well as the working hours are also increasing; which is affecting the national growth. In such a reality, they called the decision to impose 15 percent value added tax on Metrorail fares as a new fund to cut the pockets of the poor, and questioned, "Is Metrorail a product?" Why should a new communication medium that provides services be brought under the ambit?'

Most of the people voicing their views on social media platforms are young people, many of whom have completed formal education and are looking for jobs or have joined new jobs. According to them, the government or the related institutions are very eager to continue the sword of price increase on the people without reducing the system losses, without reining in the unlimited corruption and looting of the employees and officials.

NBR highlighted the rationale behind the Metrorail project and said, "According to Vision 2041, various development activities are underway in the country with the goal of becoming a developed country." That is why the government has to constantly provide money, which is mainly collected through direct and indirect taxes. From time to time, tax exemptions are given in various fields with the aim of development of domestic industries, increase in production capacity of import substitute products, development of small and cottage industries etc. In addition to continuing the provision of funds for the huge development activities, the exemptions provided are being gradually withdrawn taking into account the capacity of various sectors in order to increase the country's LDC transition and the tax-GDP ratio to the desired level.

The day after getting the news about tax on metro rail fares, Obaidul Quader, Minister of Road Transport and Bridges of the government, while facing the media, said that the government is not aware of the issue of setting VAT. Naturally, our question arises, who runs the government? What is the National Board of Revenue but an external part of the government? When the responsible minister of the government and the general secretary of the ruling party say such things, what message is sent to the people? It says that the ministers of the government but mock with the people?

We know the helplessness of low-income people due to the unlimited increase in commodity prices! The news of buying cut and leftover fish instead of fish in Kawran Bazar has recently come in the media! People with low income are not able to meet the expenses even by making calculations. Unable to meet the needs of their beloved child, helpless parents are silently shedding tears. There is no opportunity to hide the image of this socio-economic crisis.

A few days ago we celebrated the great Independence Day in a grand ceremony. On this Independence Day, we have heard the voice of many writers-intellectuals resounding, that the dream of the homeland for which the great liberation war of Bangladesh was fought in 1971 under the leadership of Bangabandhu Sheikh Mujibur Rahman, is still elusive. Economists have also raised the question that why should a class that has amassed wealth with its huge undisclosed income bear the same tax burden as the general public? If there is disparity in wealth, this disparity in taxation should also apply.

Our progress in infrastructure or various indicators may be enviable but the state could not ensure the protection of the basic human rights of common people. That is why the economic inequality in the society has increased to an extreme. The initiative of the state to reduce this inequality is little visible, rather everyone is eager to absorb the blood of the anemic body. The decision to tax metro rail fares in Dhaka and the tendency of the government ministers to play hide and seek on the matter seem to match that reality.

   

Train accident in Gazipur: Train movement normal on one line after 3 hours



District Correspondent, Barta24.com, Gazipur
Photo: Barta24.com

Photo: Barta24.com

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Two trains collided head-on in the Kazibari area of Joydebpur railway junction in Gazipur, train movement has been normalized after three hours through a side line. Meanwhile, the Sirajganj Express train leaving from Dhaka left the accident area and halted at Joydevpur Junction. Shortly thereafter another intercity train left.

On Friday (May 3), Hanif Ali, Station Master of Joydevpur Railway Junction, said that an oil train collided with Tangail Commuter in Kazibari area around 10:30 this morning. It closed the outer signal from Joydevpur to Dhaka. However, 3 hours after the accident, two trains crossed on a side line. Rescue trains are coming from Dhaka to remove passenger train coaches and oil train coaches on the railway line.

Earlier, at 10:45 am, a Tangail commuter collided head-on with an oil-carrying train stopped at Kazipara area near Joydevpur Junction in the district. After this incident, Gazipur Deputy Commissioner Police, BGB and Fire Service personnel arrived at the spot.

Deputy Commissioner Abul Fate Mohammad Safiqul Islam said that a three-member investigation committee headed by Additional Deputy Commissioner has been formed to find out why the accident happened. The inquiry report has been asked to be submitted within the next two days.

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Electricity prices will increase four times a year to reduce subsidies



Staff Correspondent, Barta24.com
photo: Collected

photo: Collected

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The government will adjust electricity prices four times a year to reduce subsidies. It will be gradually extended for the next three years.

The government's power division said this in a meeting with the IMF delegation at the secretariat on Thursday (May 2).

According to the sources of the meeting, the price of fuel oil may increase again this month. It will automatically increase the price in coordination with the global market. However, if the global market decreases, it will also decrease here. A directive has been issued in this regard on Thursday.

Stating that the price of electricity is being increased mainly in the name of adjustment, experts say that the government can also adjust the subsidy by reducing the cost. The government is not focused on reducing the cost of electricity production by curbing irregularities, corruption and wastage. Rather, even if there is no demand, they are increasing the cost of this sector by building one power plant after another without bidding.

The IMF delegation also held a meeting with the Division of Energy and Mineral Resources, Petrobangla, Bangladesh Petroleum Corporation (BPC) on Thursday. According to the sources of the meeting, Petrobangla and BPC have told the IMF in almost the same way that there is no pressure for new subsidies on gas and fuel oil. The IMF said to introduce the automatic method of oil prices (increases in the international market, increases in the country, decreases if it decreases), it has been done. Fuel oil prices are adjusted every month. It will never have to subsidize fuel again. In the first two rounds, the prices were slightly reduced, but in the last round, the prices increased. This is being practiced for three months.

In this regard, the State Minister for Power Nasrul Hamid said that this year the price of electricity will be adjusted several more times. This will continue for the next three years. However, in which month the adjustment will be made is yet to be decided.

Regarding the price of fuel oil, he said, adjustment will be made from the first week of March. But it seems to me that even if the adjustment is made, the price of fuel oil will not increase much. But if it changes it will depend on the global market.

It is known that since the Awami League government came to power in 2009, the price of electricity has increased 13 times.

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Exports of goods fell by 4 crore dollars in April



Staff Correspondent, Barta24.com
photo: Collected

photo: Collected

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In last April, the income from the export of goods from the country was 3 thousand 916.99 million US dollars. This export is 0.99 percent less than the same period last year.

This information is learned from the updated statistics published by the Export Promotion Bureau (EPB).

The Ministry of Commerce set an export target of 471 dollars in April, falling short by 16.78 percent.

In the first 10 months of the current fiscal year 2023-24, there has been an increase of 3.93 percent in the export of goods compared to the same period of the previous year, during which the total export value was 4 thousand 747 million dollars. It was Tk. 4,568 crore during the same period last year, which was 6.87 percent less than the target of 5,970 crore dollars.

Export-oriented industry experts said that during Eid-ul-Fitr, the factories received less work orders. The number of export shipments also decreased due to prolonged holidays. Due to this, the export of goods is going down, but the businessmen mentioned it as a normal phenomenon in Bangladesh.

Now the duty-free market facility in commodity exports is helping to keep Bangladesh competitive. However, in 2026, if it leaves the list of least developed countries (LDC) and becomes a developing country, that advantage will no longer exist. According to the joint declaration of the 13th Ministerial Conference of the World Trade Organization (WTO), the concerned countries will enjoy tariff-free market facilities for three years even after transition from LDCs. This facility will be determined on the basis of negotiation between the importing and exporting countries.

Economists said that the facilities we get as LDCs will not exist in the future. Then new strategies or initiatives will be needed to increase exports. Diversification of goods and services and increased investment are needed to increase domestic export capacity. On the other hand, the political consent of the government will be needed to enter into trade agreements with various countries.

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Ten people killed by lightning across the country



Desk report, Barta24.com, Dhaka
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Photo: Collected

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Ten people were killed by lightning strikes in different parts of the country during the relief rains after intense heat. Among them, four died in Cumilla, three in Rangamati, two in Cox's Bazar and one in Khagrachari.

This incident happened on Thursday (May 2) morning and afternoon.

Farmer Daultur Rahman (47) son of Sundar Ali of Kismat-Srimantapur area of Barkit union of Chandina upazila of Cumilla, Alam Hossain son of Kuddus Mia of Panchora area of Rajapur union of Burichong upazila, Mokhleshur Rahman of Dhamati area of Debidwar upazila and Atiqul Islam of Suryapur village of Goliara union of Sadar Dakshin upazila killed by lightning.

Nazir Hossain (50), a resident of Siletipara area of Rangamati Sadar Upazila, Hill District, Baharjan Begum (55), wife of Lal Mia, Muslim Block village, Rupakari Union, Ward No. 7, Baghaichhari Upazila, and Tanibala Tripura (25), sister of Mithun Tripura, a shopkeeper, Betling Mouja, Luinthian Para, Ward No. 7, Sajek Union death occurs

Didarul Islam (35) son of Zamir of Jarulbunia area of Shilkhali Union of Pekua Upazila of Cox's Bazar and son of Jamal of Charipara area of Rajakhali Union. Armaan (25) died due to lightning.

A schoolboy named Yasin Arafat (13) was killed by lightning while picking mangoes in the gusty wind at Matiranga of Khagrachari.

Matiranga Upazila Nirbahi Officer Daisy Chakraborty said that a school student died in the morning due to lightning. She said that initiatives have been taken to help the family of the deceased.

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