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Poverty In Bangladesh
Bangladesh is a developing nation. Despite rapid economic growth, poverty remains a major issue. However, poverty has declined sharply in recent history. Shortly after its independence, approximately 90% of the population lived under the poverty line. However, since economic reforms and trade liberalization of early 1990s, along with accelerated economic growth since early-2000s, Bangladesh have experienced a dramatic progress in reducing poverty. The remarkable progress in poverty alleviation has been recognized by international institutions. According to World Bank, more than 33 million Bangladeshi people have been lifted out of poverty since 2000; as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms. Since early-2000s, rapid economic growth has fueled a remarkable increase in per-capita income. Bangladesh's per capita has increased almost threefold between 2010 and 2020, from under $700 to $2,068, (the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Developing Country
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Sector In Bangladesh
The utility electricity sector in Bangladesh has one national grid with an installed capacity of 25,700 MW as of June 2022. Bangladesh's energy sector is not up to the mark. However, per capita energy consumption in Bangladesh is considered higher than the production. Electricity was introduced to the country on 7th of December, 1901 under British rule. Electricity is the major source of power for most of the country's economic activities. Bangladesh's total installed electricity generation capacity (including captive power) is 25,700 MW. It was 15,351 megawatts (MW) as of January 2017 and 20,000 megawatts in 2018. The largest energy consumers in Bangladesh are industries and the residential sector, followed by the commercial and agricultural sectors. Bangladesh will need an estimated 34,000 MW of power by 2030 to sustain its economic growth of over 7 percent. Problems in Bangladesh's electric power sector include high system losses, delays in completion of new plants, low ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka Stock Exchange
The Dhaka Stock Exchange (DSE) ( bn, ঢাকা স্টক এক্সচেঞ্জ ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In 2021, the combined market capitalisation of listed companies on the Dhaka bourse stood at over $68 billion. History First incorporated as East Pakistan Stock Exchange Association Ltd on 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd on 23 June 1962. Again renamed as Dacca Stock Exchange Ltd on 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated on 10 August 1998 and started on 1 January 2001. A central securities depository sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism In Bangladesh
Tourism in Bangladesh include tourism to World Heritage Site, historical monuments, resorts, beaches, picnic spots, forests and tribal people, wildlife of various species. Activities for tourists include angling, water skiing, river cruising, hiking, rowing, yachting, and sea bathing. In the northern part, comprising the Rajshahi division, there are archaeological sites, including the temple city Puthia in Rajshahi; the largest and most ancient archaeological site, Mahasthangarh in Bogra; the single largest Buddhist monastery, Paharpur in Naogaon; the most ornamental terracota Hindu temple, Kantaji Temple, and many rajbaris or palaces of old zamindars. In the south-eastern part, which is the Chittagong Division, there are natural and hilly areas like Chittagong Hill Tracts, along with sandy sea beaches. The most notable beach, in Cox's Bazar, is a contender for the title of longest unbroken sandy sea beach in the world. In the south-western part, mainly the Khulna Division, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of Bangladesh
The foreign relations share the Bangladeshi government's policies in its external relations with the international community. The country pursues a moderate foreign policy that places heavy reliance on multinational diplomacy, especially at the United Nations and World Trade Organization (WTO). Since independence in 1971, the country has stressed its principle of "''Friendship towards all, malice towards none''" in dictating its diplomacy. As a member of the Non-Aligned Movement, Bangladesh has tended to not take sides with major powers. Since the end of the Cold War, the country has pursued better relations with regional neighbours. The Bangladesh government has begun to implement a foreign policy that pursues regional economic integration in South Asia and aims to establish Bangladesh as a regional hub of transit trade in Asia. Policy The foreign Policy of Bangladesh consists of self-interest strategies chosen by the Constitution of the country to safeguard its national i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipbuilding In Bangladesh
Bangladesh is a major shipbuilding nation. It has a long history of shipbuilding. The industry has been growth in recent years when locally made ships began to be exported. Bangladesh has now over 200 shipbuilding companies, mostly concentrated in Dhaka, Chittagong, Narayanganj, Barisal and Khulna. Some of the leading shipbuilding companies of Bangladesh include Ananda Shipyard & Slipways Limited, FMC Dockyard Limited, Western Marine Shipyard, Chittagong Dry Dock Limited, Khulna Shipyard and Dockyard and Engineering Works. History Due to the riverine geography of Bangladesh, ships have been playing a major role in the trade affairs of the people of this country since the ancient times. According to the accounts of the 14th century Moroccan traveler Ibn Batuta, there used to be large fleets of warships docked in various ports of the country. A medieval European traveler Caesar Frederick documented that the port city of Chittagong and Sandwip were manufacturing hubs of large ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Outline Of Bangladesh
Location of Bangladesh An enlargeable map of the People's Republic of Bangladesh The following outline is provided as an overview of and topical guide to Bangladesh: Bangladesh – sovereign country located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south. Together with the Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name ''Bangladesh'' means "The land of Bengal" in the official Bengali language. Bangladesh became an independent sovereign nation in 1971 after a bloody struggle for liberation from Pakistan led by Sheikh Mujibur Rahman and General M. A. G. Osmani. Bangladesh is the eight-most populous country and the fifth-most populous democracy in the world. Furthermore, Bangladesh inherited the borders drawn by Cyril Radcliffe, 1st Viscount Radcliffe during Partition. General reference * Pronunciation: , * Common English countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Index Of Bangladesh-related Articles
Location of Bangladesh An enlargeable map of the People's Republic of Bangladesh The following outline is provided as an overview of and topical guide to Bangladesh: Bangladesh – sovereign country located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south. Together with the Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name ''Bangladesh'' means "The land of Bengal" in the official Bengali language. Bangladesh became an independent sovereign nation in 1971 after a bloody struggle for liberation from Pakistan led by Sheikh Mujibur Rahman and General M. A. G. Osmani. Bangladesh is the eight-most populous country and the fifth-most populous democracy in the world. Furthermore, Bangladesh inherited the borders drawn by Cyril Radcliffe, 1st Viscount Radcliffe during Partition. General reference * Pronunciation: , * Common English countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Magistrate Of Bangladesh
The Executive Magistrate ( bn, নির্বাহী ম্যাজিস্ট্রেট) is the magistrate of the executive organ of the People's Republic of Bangladesh. The members of the Bangladesh Civil Service (Administration) i.e. Bangladesh Administrative Service are the Executive Magistrates. They usually exercise vast executive and limited judicial power in their respective jurisdiction. History Prior to 1 November 2007, the court of Magistrates was manned by officers from Bangladesh Civil Service (Administration). Through an Ordinance of 2007, the Code of Criminal Procedure, 1898 was amended and two classes of Magistrates were created, namely Judicial Magistrate and Executive Magistrate. The Ordinance was later substituted by the Code of Criminal Procedure (Amendment) Act, 2009 (with effect from 1 November 2007). While Judicial Magistrates are appointed from the persons employed in Bangladesh Judicial Service, Executive Magistrates are appointed from the membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leather Industry In Bangladesh
The leather industry is a major industry in Bangladesh and the Government of Bangladesh has declared it as a priority sector. The industry was the second largest export sector of Bangladesh in FY 2014–2015. The industry also plays a role in creating employment. However, Human Right Watch reported that it is responsible for pollution of air, water, and soil, that lead to serious health problems in the population. It is also known to be largely involved in child labour. Set up of tannery industry in Bangladesh The first tannery in what is now Bangladesh was set up at Narayanganj District, Narayanganj sometime in the 1940s by a businessman R.P. Shaha. The tannery was later shifted to Hazaribagh Thana, Hazaribagh area in Dhaka. In 1965, there were 30 tanneries in Dhaka. After the independence of Bangladesh, Bangladesh Government acquired all 30 tanneries. The industry had a significant development in 1970s. Situation Increasing interest from buyers has opened up an opportunity f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Textile Industry
The textile and clothing industries provide a single source of growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports. In 1972, the World Bank approximated the gross domestic product (GDP) of Bangladesh at US$6.29 billion, and it grew to $368 billion by 2021, with $46 billion of that generated by exports, 82% of which was ready-made garments. As of 2016 Bangladesh held the 2nd place in producing garments just after China. Bangladesh is the world's second-largest apparel exporter of western fast fashion brands. Sixty percent of the export contracts of western brands are with European buyers and about thirty percent with American buyers and ten percent to others. Only 5% of textile factories are owned by foreign investors, with most of the production being controlled ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steel Industry In Bangladesh
The steel industry is an established and growing industry in Bangladesh. Predominantly based in the port city of Chittagong, the industry has emerged as a major contributor to the national economy. According to the experts, the growth of steel industry in Bangladesh is mainly induced by the rapid expansion of the country's shipbuilding and real estate sector, as well as the major investments in various infrastructure projects throughout the country. History The first ever steel mill was established in 1952 by the H Akberali Group of Industries as the " Bangladesh Steel Re-rolling Mills (BSRM)". Located at Nasirabad, Chittagong, the plant formed re-enforcing bars and structural sections. The mill gradually prolonged, adopting new technological know-how by setting up a cross-nation European mill in 1987 which incorporated a wire-rod mill. The BSRM group added a captive billet manufacturing plants in 1996 so as to make sure a stable distribution of billets of its plants. In 2006, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
