{"id":530,"date":"2024-12-21T04:08:03","date_gmt":"2024-12-21T04:08:03","guid":{"rendered":"https:\/\/www.reflectionnewsbd.com\/?p=530"},"modified":"2024-12-21T04:08:03","modified_gmt":"2024-12-21T04:08:03","slug":"salehuddin-for-narrowing-gap-between-production-costs-consumer-expenses","status":"publish","type":"post","link":"https:\/\/www.reflectionnewsbd.com\/?p=530","title":{"rendered":"Salehuddin for narrowing gap between production costs &#038; consumer expenses"},"content":{"rendered":"<div align=\"justify\">Finance Adviser Dr Salehuddin Ahmed on Sunday laid emphasis on narrowing gap between production costs and consumer expenses to provide relief to the people struggling with soaring prices of essentials.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">&#8220;The inflated prices consumers pay often stem from unnecessary intermediaries in the supply chain,&#8221; he said while speaking at the annual conference of the International Business Forum of Bangladesh (IBFB) at Gulshan Club in the city, BSS<\/div>\n<div class=\"google-auto-placed ap_container\"><ins class=\"adsbygoogle adsbygoogle-noablate\" data-ad-format=\"auto\" data-ad-client=\"ca-pub-7356642093402233\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\"><\/p>\n<div id=\"aswift_2_host\"><iframe loading=\"lazy\" id=\"aswift_2\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-7356642093402233&amp;output=html&amp;h=280&amp;adk=2251955789&amp;adf=683095850&amp;pi=t.aa~a.3355207514~i.5~rp.4&amp;w=617&amp;abgtt=9&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1734753932&amp;num_ads=1&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=3488165507&amp;ad_type=text_image&amp;format=617x280&amp;url=https%3A%2F%2Fdailyasianage.com%2Fnews%2F331609%2Fsalehuddin-for-narrowing-gap-between-production-costs--consumer-expenses&amp;fwr=0&amp;pra=3&amp;rh=154&amp;rw=616&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;fa=27&amp;uach=WyJXaW5kb3dzIiwiMC4xLjAiLCJ4ODYiLCIiLCIxMDkuMC41NDE0LjEyMCIsbnVsbCwwLG51bGwsIjMyIixbWyJOb3RfQSBCcmFuZCIsIjk5LjAuMC4wIl0sWyJHb29nbGUgQ2hyb21lIiwiMTA5LjAuNTQxNC4xMjAiXSxbIkNocm9taXVtIiwiMTA5LjAuNTQxNC4xMjAiXV0sMF0.&amp;dt=1734753932449&amp;bpp=3&amp;bdt=2146&amp;idt=-M&amp;shv=r20241212&amp;mjsv=m202412090101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D860d8431736a214a%3AT%3D1723002033%3ART%3D1734753644%3AS%3DALNI_MYA0XyHNo9IZTYdplCftCWQW8FQog&amp;gpic=UID%3D00000eb7cd0c4afa%3AT%3D1723002033%3ART%3D1734753645%3AS%3DALNI_MbEz3ZMKt8nXR2AbfOOjh9jexaJBA&amp;eo_id_str=ID%3D93ae48f42dcbf147%3AT%3D1723002033%3ART%3D1734753645%3AS%3DAA-AfjYd0ZCrC5HSh_DuY3gDJX0B&amp;prev_fmts=0x0%2C940x280&amp;nras=3&amp;correlator=7806093449368&amp;frm=20&amp;pv=1&amp;u_tz=360&amp;u_his=3&amp;u_h=615&amp;u_w=1088&amp;u_ah=615&amp;u_aw=1029&amp;u_cd=24&amp;u_sd=1&amp;dmc=2&amp;adx=163&amp;ady=1070&amp;biw=1266&amp;bih=609&amp;scr_x=0&amp;scr_y=0&amp;eid=31089324%2C31089329%2C31089340%2C42532523%2C95331833%2C95344789%2C95345967%2C95347432%2C95348348&amp;oid=2&amp;pvsid=450819849136489&amp;tmod=353627402&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fdailyasianage.com%2Fnews-category%2F6%2FBusiness&amp;fc=1408&amp;brdim=0%2C0%2C0%2C0%2C1029%2C0%2C1029%2C615%2C1287%2C609&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=0.8&amp;psd=W251bGwsbnVsbCxudWxsLDNd&amp;ifi=3&amp;uci=a!3&amp;btvi=1&amp;fsb=1&amp;dtd=250\" name=\"aswift_2\" width=\"617\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!3\" aria-label=\"Advertisement\" data-google-query-id=\"CPjs5fv9t4oDFaupZgId_7EKBw\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><\/ins><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Salehuddin said there are legitimate middlemen who facilitate the supply of products, but extortionists are entirely different.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">&#8220;For instance, when a truck carrying goods worth Tk5 lakh enters the market, extortionists demand Tk500 each at various points. By the time the goods reach their destination, the value inflates to Tk7 lakh,&#8221; he added.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Reflecting on corruption during the Awami League regime, Salehuddin noted that while corruption exists in many countries, in Bangladesh, it has become so pervasive that it defies imagination.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">&#8220;This is a clear case of regulatory failure. Institutions have been dismantled, and policymakers, bureaucrats, and businessmen alike have blatantly violated the rules,&#8221; he added.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Among others, eminent economist Debapriya Bhattacharya also spoke on the occasion.<\/div>\n<div class=\"google-auto-placed ap_container\"><ins class=\"adsbygoogle adsbygoogle-noablate\" data-ad-format=\"auto\" data-ad-client=\"ca-pub-7356642093402233\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\"><\/p>\n<div id=\"aswift_3_host\"><iframe loading=\"lazy\" id=\"aswift_3\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-7356642093402233&amp;output=html&amp;h=280&amp;adk=2251955789&amp;adf=3678238808&amp;pi=t.aa~a.3355207514~i.15~rp.4&amp;w=617&amp;abgtt=9&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1734753932&amp;num_ads=1&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=3488165507&amp;ad_type=text_image&amp;format=617x280&amp;url=https%3A%2F%2Fdailyasianage.com%2Fnews%2F331609%2Fsalehuddin-for-narrowing-gap-between-production-costs--consumer-expenses&amp;fwr=0&amp;pra=3&amp;rh=154&amp;rw=616&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;fa=27&amp;uach=WyJXaW5kb3dzIiwiMC4xLjAiLCJ4ODYiLCIiLCIxMDkuMC41NDE0LjEyMCIsbnVsbCwwLG51bGwsIjMyIixbWyJOb3RfQSBCcmFuZCIsIjk5LjAuMC4wIl0sWyJHb29nbGUgQ2hyb21lIiwiMTA5LjAuNTQxNC4xMjAiXSxbIkNocm9taXVtIiwiMTA5LjAuNTQxNC4xMjAiXV0sMF0.&amp;dt=1734753932449&amp;bpp=4&amp;bdt=2146&amp;idt=-M&amp;shv=r20241212&amp;mjsv=m202412090101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D860d8431736a214a%3AT%3D1723002033%3ART%3D1734753644%3AS%3DALNI_MYA0XyHNo9IZTYdplCftCWQW8FQog&amp;gpic=UID%3D00000eb7cd0c4afa%3AT%3D1723002033%3ART%3D1734753645%3AS%3DALNI_MbEz3ZMKt8nXR2AbfOOjh9jexaJBA&amp;eo_id_str=ID%3D93ae48f42dcbf147%3AT%3D1723002033%3ART%3D1734753645%3AS%3DAA-AfjYd0ZCrC5HSh_DuY3gDJX0B&amp;prev_fmts=0x0%2C940x280%2C617x280&amp;nras=4&amp;correlator=7806093449368&amp;frm=20&amp;pv=1&amp;u_tz=360&amp;u_his=3&amp;u_h=615&amp;u_w=1088&amp;u_ah=615&amp;u_aw=1029&amp;u_cd=24&amp;u_sd=1&amp;dmc=2&amp;adx=163&amp;ady=1811&amp;biw=1266&amp;bih=609&amp;scr_x=0&amp;scr_y=0&amp;eid=31089324%2C31089329%2C31089340%2C42532523%2C95331833%2C95344789%2C95345967%2C95347432%2C95348348&amp;oid=2&amp;pvsid=450819849136489&amp;tmod=353627402&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fdailyasianage.com%2Fnews-category%2F6%2FBusiness&amp;fc=1408&amp;brdim=0%2C0%2C0%2C0%2C1029%2C0%2C1029%2C615%2C1287%2C609&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=0.8&amp;psd=W251bGwsbnVsbCxudWxsLDNd&amp;ifi=4&amp;uci=a!4&amp;btvi=2&amp;fsb=1&amp;dtd=268\" name=\"aswift_3\" width=\"617\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!4\" aria-label=\"Advertisement\" data-google-query-id=\"CMXr5_v9t4oDFYCpZgIdLDIG7g\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><\/ins><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Debapriya Bhattacharya laid emphasis on a coordinated, effective, and confidence-building mid-term plan to address addresses the liquidity crisis in banks or the economic challenges within the next six months or by the time of the budget.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">&#8220;The interim government&#8217;s success will also depend on how it addresses the liquidity crisis in banks or economic challenges within the next six months or by the time of the budget. Issues such as the customs and tax structure, currency exchange stability, and whether interest rates on loans will decrease or not, need to be addressed together in a mid-term plan,&#8221; he said.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">He also stressed the importance of strengthening relationships with foreign countries.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">He highlighted the need to focus not only on countries that have historically provided financial aid but also on those offering preferential market access and those from where remittances flow. &#8220;The cost for a worker from Nepal to go abroad is three times lower than that for a worker from Bangladesh. Additionally, around $2 billion has been illegally sent abroad through hundi for foreign workers,&#8221; he added.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Adviser Dr Salehuddin Ahmed on Sunday laid emphasis on narrowing gap between production costs and consumer expenses to provide relief to the people struggling with soaring prices of essentials. &#8220;The inflated prices consumers pay often stem from unnecessary intermediaries in the supply chain,&#8221; he said while speaking at the annual conference of the International [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,5,3],"tags":[],"class_list":["post-530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banks-finance","category-business","category-national"],"_links":{"self":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts\/530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=530"}],"version-history":[{"count":1,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts\/530\/revisions"}],"predecessor-version":[{"id":532,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts\/530\/revisions\/532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/media\/531"}],"wp:attachment":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}