Bangladesh PM asks authorities to include women’s unpaid work in GDP, can make Bangladesh’s GDP $900 Billion

[Black_cats]

Bangladesh PM asks authorities to include women’s unpaid work in GDP​

Women do domestic chores all their life but their work has remained unreported for a long time, the premier said.

The Daily Star​

Inflation jumps to 7-month high in March
April 5, 2023

DHAKA – Prime Minister Sheikh Hasina yesterday asked the authorities concerned to incorporate women’s unpaid household works into Bangladesh’s gross domestic product (GDP).
Women do domestic chores all their life but their work has remained unreported for a long time, the premier said.

Talking to reporters at a press briefing at the planning ministry, Planning Minister MA Mannan said the premier made the comments while chairing a meeting of the Executive Committee of the National Economic Council in Dhaka.

Mannan also shared the results of the preliminary report of the latest Labour Force Survey 2022 in the meeting.

Many developed Nordic countries like Finland and Norway have already acknowledged women’s domestic contribution, the prime minister said

Many developed Nordic countries like Finland and Norway have already acknowledged women’s domestic contribution, Hasina said.

In response, the planning minister said he will assign the Bangladesh Institute of Development Studies to work on it.

If women’s contribution is taken into consideration, Bangladesh’s GDP would even be $900 billion, Mannan said.

At the meeting, the premier also expressed her joy at the increasing participation of women in the labour force of Bangladesh.

Welcoming the move, Prof Sharmind Neelormi of Jahangirnagar University’s economics department said this was a much-awaited issue for the country.

“But it should not be implemented hastily just before the country’s upcoming national budget for 2023-24 fiscal year,” she said.

Some developed nations have already undertaken the proper approach on including women’s unpaid work in their national accounting system, she said.

Better not to rush on the matter, lest it leads to mistakes, she added.

At the meeting, the premier also welcomed the increasing participation of women in the labour market. Women account for some 42.85 per cent of the labour force at present whereas earlier it was 36 per cent.

In another note, the premier asked the authorities concerned to take necessary measures for realising tolls from the regional highways.

“The government is constructing infrastructures spending thousands of crores of taka. So, there is a need to make arrangements for realising tolls from the regional highways at least at a minimum rate,” she said.

Through this, the culture of paying tolls will be developed among people, she added.

The prime minister also directed the authorities to ensure the maintenance of the rural roads, said Mannan.

The planning minister said the day’s Ecnec meeting approved a total of 11 projects involving an overall estimated cost of Tk 4,252.66 crore.

“Of the total project cost, Tk 3,645.21 crore will come from the government exchequer while the remaining Tk 607.45 crore as project assistance (foreign loans),” he added.

Of the approved 11 projects, six are new while five are revised projects.

Bangladesh PM asks authorities to include women’s unpaid work in GDP

Prime Minister Sheikh Hasina yesterday asked the authorities concerned to incorporate women’s unpaid household works into Bangladesh’s gross domestic product (GDP). Women do domestic chores all their life but their work has remained unreported for a long time, the premier said. Talking to...

asianews.network

 

[Tom-tom]

This is like a bitter who consensually married and consensuallly had childern. Demanding payment to feed and look after her kids.

If mother or family struggling, yeh sure they should get assistance. Safe guarding good families and uplifting families should be a priority. Then what's the point of having a country?

 

[El Sidd]

Very rich.

So rich.

 

[El Sidd]

Very rich.

So rich.

@bluesky

what's the retirement age for these women?

 

[bluesky]

Prime Minister Sheikh Hasina yesterday asked the authorities concerned to incorporate women’s unpaid household works into Bangladesh’s gross domestic product (GDP).
Women do domestic chores all their life but their work has remained unreported for a long time, the premier said.

Hasina is angry that Dr. Yunus received a Nobel Prize but not her.

So, I hope the Nobel Committee will reconsider her application to get a Prize after she has successfully come up with a very new economic theory about payment to housewives.

Every country should follow her FAKE theory and increase the total GDP of their countries. Hasina studied Home Economics when she studied in Eden College and she got a degree in two years.

 

[Destranator]

She should receive a Nobel Prize in the field of Virtue Signalling Economics.