Indians annually remit Tk 320b from Bangladesh

[Homo Sapiens]

http://en.prothomalo.com/economy/news/169815/Indians-annually-remit-Tk-320b-from-Bangladesh

Indians annually remit Tk 320b from Bangladesh
Staff Correspondent | Update: 19:52, Jan 20, 2018

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Indian citizens working in Bangladesh remit Tk 320 billion to their home country annually, according to a former Bangladesh ambassador.

President of Bangladesh Enterprise Institute (BEI) and also former ambassador Farooq Sobhan revealed this at a roundtable organised by Policy Research Institute at its Banani office in the capital on Saturday.

Quoting finance minister Abul Maal Abdul Muhith, Farooq Sobhan said the amount will be double if the money, which goes out through illegal means, is accurately estimated.

PRI organised the roundtable on the improvement of the business environment in the country.

Discussants said the country's education sector has no relevance to the labour market. Educated persons remain unemployed while persons are hired from abroad to fill the vacancies, they noted.

Farooq Sobhan said steps have to be taken to improve skills at different levels.

Bangladesh Investment Development Authority (BIDA) executive chairman Kazi Md Aminul Islam was chief guest at the discussion, moderated PRI executive director Ahsan H Mansur.

Metropolitan Chamber of Commerce and Industry (MCCI) president Nihad Kabir, Bangladesh Garments Manufacturers and Exporters Association (BGMEA) former president Pervez Alam Chowdhury, World Bank's Dhaka office senior economist Mashrur Reaz, and others, also spoke at the meeting.

 

[UKBengali]

"Discussants said the country's education sector has no relevance to the labour market."

The amount of money spent on education as a percentage of GDP needs to be increased.
It went up from 1% to 2% between 1980 to 2000 but has remained constant since then.

BD should aim to get to 3% by 2025 and to 4% by 2030. Hopefully with the initiatives to increase tax revenue the money will become available to invest in this critical sector.

I think there is also a question of the education system in general in BD that is not preparing
student for the real world. Can some BD-based posters provide any further information on this?

@Homo Sapiens
@BDforever
@Jacksparrow47

 

[TopCat]

"Discussants said the country's education sector has no relevance to the labour market."

The amount of money spent on education as a percentage of GDP needs to be increased.
It went up from 1% to 2% between 1980 to 2000 but has remained constant since then.

BD should aim to get to 3% by 2025 and to 4% by 2030. Hopefully with the initiatives to increase tax revenue the money will become available to invest in this critical sector.

I think there is also a question of the education system in general in BD that is not preparing
student for the real world. Can some BD-based posters provide any further information on this?

@Homo Sapiens
@BDforever
@Jacksparrow47

You did not count the private sector investment in Education sector.

 

[UKBengali]

You did not count the private sector investment in Education sector.

That is separate and cannot really be quantified and no idea whether it is any higher than in neighbouring countries like India.

India spends 4% of GDP on education while BD only spends 2%. Professionals that are educated in India are being hired due to lack of educated BD workers and that is both losing opportunities for locals and also the loss of many billions of dollars from the economy each year.

BD government has decided to focus on infrastructure with the little resources it has but it MUST increase the tax take as percentage of GDP very quickly and spend whatever is required to raise the standard of education in BD.

 

[BDforever]

"Discussants said the country's education sector has no relevance to the labour market."

The amount of money spent on education as a percentage of GDP needs to be increased.
It went up from 1% to 2% between 1980 to 2000 but has remained constant since then.

BD should aim to get to 3% by 2025 and to 4% by 2030. Hopefully with the initiatives to increase tax revenue the money will become available to invest in this critical sector.

I think there is also a question of the education system in general in BD that is not preparing
student for the real world. Can some BD-based posters provide any further information on this?

@Homo Sapiens
@BDforever
@Jacksparrow47

we need rapid change in education system to meet the demand new waves of economical and social growth are taking place. I think we at least 5% of GDP spending in education by 2020 otherwise we will not able to catch up with above changes and a large portion will remain jobless. And it is right time on bringing focus on Technical education to create skilled workers.

 

[bd_4_ever]

"Discussants said the country's education sector has no relevance to the labour market."

The amount of money spent on education as a percentage of GDP needs to be increased.
It went up from 1% to 2% between 1980 to 2000 but has remained constant since then.

BD should aim to get to 3% by 2025 and to 4% by 2030. Hopefully with the initiatives to increase tax revenue the money will become available to invest in this critical sector.

I think there is also a question of the education system in general in BD that is not preparing
student for the real world. Can some BD-based posters provide any further information on this?

@Homo Sapiens
@BDforever
@Jacksparrow47

I pretty much ranted about this in another thread about few months ago. Our education has absolutely minimal relevance to today's progress in economy and society.

Its not just about increasing budget as you need to define the problem first. The problem is no-coordination between public-private entities in educational domain. We dont have a guideline or a vision from the government as to how the education sector will address the challenges of the future, like say we have for our Armed Forces. You have to make the responsibles sit on a table and talk about it and then develop a policy to go about it. After that comes to funding part. All these feel-good budget increasing nonsense doesn't add anything unless you have pin-pointed where and what to spend the money on.

 

[Sugarcane]

Indian pole vaulters?

 

[my2cents]

Indian pole vaulters?

Don't believe fake news. Bangladesh is bad in keeping records. Their central bank has no clue how much is remitted out officially.

 

[Centaur]

I think there is also a question of the education system in general in BD that is not preparing
student for the real world.

Agree. Specially this gpa system made it worse . Before the system bd education system was not great I admit. But after grading system ( I would call it as half grade anyway) getting 80+ marks in bengali and English literature was nearly impossible to get.
Only few students got it you know that .
Now tons of students getting golden a plus and lots of them even don't know what GPA stand for.
However many bright students failed to take admission in public University and many low quality students are taking admission.
And the real problem is unless our educated persons do some course like TOEFL or IELTS ,they can't speak even in English with international standard , and I have no shame admitting that I am one of them ,because our general education system didn't educate us properly . specially outside of reputed Universities even lots of teachers have same problem ( except specific English teachers perhaps) .

Also in our job and businesses ( except multinational/ corporate sector) we have minimum to almost no use of English. So peoples are in trouble when they communicate with foreigners.
And also general education system is producer of clerk culture ,who can beg for job, but can't demand jobs.
However a technician has much more opportunities than our well educated ( academic only )peoples when they go aboard for right reasons.
Government should seriously consider this fact.

we need rapid change in education system to meet the demand new waves of economical and social growth are taking place

Hundred percent agree.

 

[Arian Azam]

shameless india.......shameless bd Awami league, Bnp and Jatiya party

 

[Vedi]

shameless india.......shameless bd Awami league, Bnp and Jatiya party

4 akke kaam ni aane

 

[naveen mishra]

but Bangladesh is also earning billion $ because of these Indian expat
Indian expat has big contribution in finalizing and establishing almost all new project

name any big group ,KYCR,KDS,APPOLO,S ALAM,ABUL KHER ect , weather steel or garment technically all are manage by Indian

white you cant effort to hire because they are too expensive ,your dependency is on Indian ,and round the clock 24 hrs you are bashing indian

Better Bengali seriously start thinking in mechanism or training model which can produce better professional and Indian expat can replace systematically

 

[Bilal9]

Indian pole vaulters?

You should visit Dhaka sometime.

The only reason Indians are in Dhaka is because they work cheap and there is way too much demand for managers to be met locally. Do you see huge demonstrations protesting this in Dhaka streets?

We need too many third-rate managers and mostly for managing garments. Indian garments factories have all closed so what could they do? They are all VISA over-stayers.

Indians are not hired for superior intellect. Like some Indians are making it out to be here....

You can tell by the level of English sprouted by posters in this thread.....