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Per capita income rises to $1,610

Don't let Hasina loose it all though by signing the 6.26 billion US$ contract for just one 1200 MW coal fired plant. The latest one that we we signed up with Siemens is under a billion for 1263 MW. Decision like this would vanish all gains increasing the per capita of Japan instead,.
Actually the Japanese project is worth $4.5 billion, not $6.26 billion.But coal power plant is only a part of this deal.

The major components of the contract include construction of a 1,200MW coal-fired power plant, jetty and coal handling facilities for coal import, coal storage, township development, rural electrification and construction of power transmission facilities and road communication.

http://www.newagebd.net/article/19792/sumitomo-gets-matarbari-power-project-contract-at-4.5-b
 
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Don't let Hasina loose it all though by signing the 6.26 billion US$ contract for just one 1200 MW coal fired plant.
It is 4.5 billion US$
And it includes Deep Sea port, river dredging and land acquisition costs. Rampal is being built by 1.5 billion US$. And has same capacity. Do you think they don't know how much should it cost?
 
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Who do you have in mind?

Nether BNP or Awami League.

Need a new party in power that is a mix of experience and youth. BD desperately needs a new political party where nationalists can gather together to propel the country to true economic and military strength. Not saying that ex-BNP or Awami League members cannot join this party but they need to be both competent and relatively corruption free.

It may seem a long hope but something like this has happened before and could happen in BD as well.
 
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Nether BNP or Awami League.

Need a new party in power that is a mix of experience and youth. BD desperately needs a new political party where nationalists can gather together to propel the country to true economic and military strength. Not saying that ex-BNP or Awami League members cannot join this party but they need to be both competent and relatively corruption free.

It may seem a long hope but something like this has happened before and could happen in BD as well.
Idealism, corruption cannot be wiped out in a single attempt. It can be gradually removed when the country turns economically stable.

Take South Korea in 40's-50's for example. It was no better than today's NK in terms of corruption. But when the economy is stabilized and become developed corruption became very low.
 
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Idealism, corruption cannot be wiped out in a single attempt. It can be gradually removed when the country turns economically stable.

Take South Korea in 40's-50's for example. It was no better than today's NK in terms of corruption. But when the economy is stabilized and become developed corruption became very low.

Actually there are massive differences in corruption levels even between European developed nations. Take Norway and Italy as examples.

You are right that less developed nations will always be more corrupt then developed ones but there is no reason not to strive to reduce corruption to the lowest possible level at every stage of development.
 
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Actually there are massive differences in corruption levels even between European developed nations. Take Norway and Italy as examples.

You are right that less developed nations will always be more corrupt then developed ones but there is no reason not to strive to reduce corruption to the lowest possible level at every stage of development.
It is not an easy task. Every people in your country has to believe, corruption should be removed. (Although most of them have it in mind) while they have reasons to promote corruption, such as doing petty illegal things and trying to get away by paying bribes.

The corruption in the west is not the same what we have here. For them, it's more related to capitalists. While for us, it's entirely different. Living in UK you should know better.

Although an extreme way to say, if paying bribe is considered as a religious sin people in South Asia might obey :D

Apart from that, we need development and need to reduce the gap between rich and poor. Only then there will be a substantial reduction in corruption.
 
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It is 4.5 billion US$
And it includes Deep Sea port, river dredging and land acquisition costs. Rampal is being built by 1.5 billion US$. And has same capacity. Do you think they don't know how much should it cost?

Utter awami league lie. Show the proof that inflated power plant cost that awami league using to loot includes your claim. We are waiting......
 
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Well, that wasn't my intention. I'm just comparing our GDP growth with that of our big neighbor. Days of chasing Pak is over. We need a new one to chase now. Change the base year and see how much difference remains with India. We need to change the base year before comparing with India.

That wont change squat regarding your actual realised physical consumption (PPP) which you are 10+ years behind India and about 6+ years behind Pakistan.

Take just the amount of cars/transport items (even given they are used) you lot buy in a year for example. Extrapolate to both Pakistan and India population levels and then check when they last consumed at that level.

The above is a simple example of why extrapolating exchange rate largely driven by guaranteed quota access of one single good is already bad to do, and its extra bad when its below 5000 nominal dollar per capita country and the ratio of extrapolation is like 10 times.

Then we have this kind of shoddy account keeping to begin with:

https://defence.pk/pdf/threads/repository-for-bd-statistics-bbs-quality-credibility.525379/

where we get ridiculous claims that 75% of BD domestic cattle are sustainably turned into meat each year when the world can barely go over 30% regarding countries magnitudes larger in area and wealth. Who knows what else BD does this kind of mathamagic with internally, its definitely a country scoring terribly (compared to the region) on the corruption and institutional credibility indices for a reason.

This leads to such statements from the UNSTAT:

BBS has limited capacity to produce many of these statistics in accordance with relevant international standards and good practices.

AND

BD being stuck in GDDS standard at IMF, not even looking to graduate from it to SDDS (or say get listed in the economist appendix as a major asian economy like Pakistan managed to do, driven by its realised consumption)...and you are seriously hollering about this re-basing being some magic wand just for sake of comparison and feeling better (when the real number that matters will stay largely unaffected given just how much a BD household spends on primary food items unlike Pakistan and India...i.e the basket spread).

Get your priorities straightened out first, you aren't getting anything re-based credibly (given you are not in SDDS) till you actually recognise you have a seriously bad, inept and politically compromised statistical organisation and fix those things at a basic level (and take the hits for greater good and admit the faults by deflating your pitiful attempt at an ego, which so far you noticeably HAVE NOT even started in the ESCAP metric).

You are deeply in an atmosphere that India had in the 70s under Indira Gandhi at its worst, but you have no silver lining and it seems next to no way out of it .....given the way you lot seem to revel in the groupthink and whatever BD govt pravda (they "prav"-ide and you say DA) feeds you.
 
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Nether BNP or Awami League.

Need a new party in power that is a mix of experience and youth. BD desperately needs a new political party where nationalists can gather together to propel the country to true economic and military strength. Not saying that ex-BNP or Awami League members cannot join this party but they need to be both competent and relatively corruption free.

It may seem a long hope but something like this has happened before and could happen in BD as well.

I'm not a politico, but seems we already had three sane people that were great professionals and corporate leaders who were ready for this (and first two were pushed aside quickly, despite one of them being a Nobel laureate and the third awarded knighthood by the British monarchy),

1. Dr. Badruddoza
2. Dr. Yunus
3. Sir Fazle Hasan Abed

there are others as well...

These folks may not be great rabble-rousers like our Sheikh Shaheb, but they could run the affairs of the state in a professional manner nonetheless.
 
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Utter awami league lie. Show the proof that inflated power plant cost that awami league using to loot includes your claim. We are waiting......
Read about it online. There are plenty of articles about it.

That wont change squat regarding your actual realised physical consumption (PPP) which you are 10+ years behind India and about 6+ years behind Pakistan.
I don't think BD will catch up with India or Pakistan anytime soon. Rest is tl;dr
 
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That wont change squat regarding your actual realised physical consumption (PPP) which you are 10+ years behind India and about 6+ years behind Pakistan.

Take just the amount of cars/transport items (even given they are used) you lot buy in a year for example. Extrapolate to both Pakistan and India population levels and then check when they last consumed at that level.

The above is a simple example of why extrapolating exchange rate largely driven by guaranteed quota access of one single good is already bad to do, and its extra bad when its below 5000 nominal dollar per capita country and the ratio of extrapolation is like 10 times.

Then we have this kind of shoddy account keeping to begin with:

https://defence.pk/pdf/threads/repository-for-bd-statistics-bbs-quality-credibility.525379/

where we get ridiculous claims that 75% of BD domestic cattle are sustainably turned into meat each year when the world can barely go over 30% regarding countries magnitudes larger in area and wealth. Who knows what else BD does this kind of mathamagic with internally, its definitely a country scoring terribly (compared to the region) on the corruption and institutional credibility indices for a reason.

This leads to such statements from the UNSTAT:

BBS has limited capacity to produce many of these statistics in accordance with relevant international standards and good practices.

AND

BD being stuck in GDDS standard at IMF, not even looking to graduate from it to SDDS (or say get listed in the economist appendix as a major asian economy like Pakistan managed to do, driven by its realised consumption)...and you are seriously hollering about this re-basing being some magic wand just for sake of comparison and feeling better (when the real number that matters will stay largely unaffected given just how much a BD household spends on primary food items unlike Pakistan and India...i.e the basket spread).

Get your priorities straightened out first, you aren't getting anything re-based credibly (given you are not in SDDS) till you actually recognise you have a seriously bad, inept and politically compromised statistical organisation and fix those things at a basic level (and take the hits for greater good and admit the faults by deflating your pitiful attempt at an ego, which so far you noticeably HAVE NOT even started in the ESCAP metric).

You are deeply in an atmosphere that India had in the 70s under Indira Gandhi at its worst, but you have no silver lining and it seems next to no way out of it .....given the way you lot seem to revel in the groupthink and whatever BD govt pravda (they "prav"-ide and you say DA) feeds you.

Sense some deep butthurt here.
 
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