2024-08-16 00:01:10
All kinds of steps will be taken to reduce inflation including product production, increasing supply and preventing extortion, said Finance Advisor Dr. Saleh Uddin Ahmed.
He said this to reporters at the end of the review meeting regarding price inflation and food supply situation in the conference room of the Ministry of Finance at the Secretariat on Wednesday (August 14). The meeting was attended by newly appointed Governor of Bangladesh Bank, Finance Secretary, Commerce Secretary, Industry Secretary, Chairman of Tariff Commission.
Inflation depends on a number of factors, say financial advisors. Production and supply is one of them. And what measures can be taken in these matters have been discussed.
He said inflation is something that cannot be eliminated overnight. However, we hope that inflation can be brought down to a bearable level within the next 2/1 months.
Arrangements will be made to provide whatever the farmers need to increase the production of agricultural products. Along with this, initiatives will be taken to stop extortion on the roads.
The financial adviser said, you can see that the prices of goods are decreasing a little. I heard that the price of vegetables is coming down. For whatever reason.
He said, inflation is not just a matter of livelihood, it is an investment matter. Looking at the rate of inflation from abroad, project what they will do, what will be their net return. So it’s a matter of business. We are taking urgent action.
It has been seen in the past that due to the syndicate, the price of goods has increased – in response to questions from journalists, Saleh Uddin said, “It has been brought to our attention and talked about.” Nothing escaped our notice. I have some ideas.
He said, we said, you (Secretary) Friley will tell us. Fearing as before, come first and take care of yourself, sir, good people, don’t say anything. Tell us if we’re wrong, tell Frankly if you have information. So there will be no secret like before. Again, everything cannot be opened for self-interest.
He also said that there are many legal issues when appointing a governor. We solved it in three days. I quickly talked to the chief adviser, discussed it in the cabinet, talked to the president. These would not have been given in other times. It took another three months to decide who should be given or not.
Many feel that the recent violence may have led to a cover-up of the Motiur and other corruption cases in the Goat case. When asked such questions by journalists, the financial adviser said, nothing will be covered up. They will continue.
In response to the question whether inflation and monetary policy will be coordinated or not, he said, yes Work will be coordinated But money is wasted due to lack of coordination Wasting of money should be prevented and proper utilization of money should be ensured Be it indigenous resources or borrowed from abroad Maximum importance will be given in both these cases We will not waste money
In response to how the old steps will succeed in the new field, he said, we will definitely take new steps and ensure that those steps are implemented. There are many reasons why many measures are not implemented in many places We will implement what we take.