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Monday, October 8, 2007

[chottala.com] What price do you want to pay for good governance in Bangladesh?

What price do you want to pay for good governance in Bangladesh?

Coming out of theoretical debates, we should be seriously working on policies that would help us get our country out of vicious cycle of corruption and create a virtuous cycle of good governance through engaging the competent people in local level leadership. That would eventually show the way towards national scope. We should take some lessons from Singapore in that regard.

 

 

Yes, this is a very relevant question that everybody in Bangladesh should be asking themselves now – what is the price of having a good governance system? How much is the opportunity cost? How much you want to pay proactively? How much money do we want to pay per year so we do not have to pay bribes, we do not have to wait in long lines without being sure of whether we would get the service we need.

 

Can you really put a price on good governance? Holistically, you can not. You have to give it a time so it builds over time.

 

But from process point of view, you have to start the process somewhere. Just like a Mukta, it has to start with Dhulikona. Similarly, we think the eventual good thing of good governance will be started on an initiative that is built on pure calculation of cash - by setting aside some money every month, every year to pay the new to be groomed leaders and to pay for the election processes. This is an education process that comes with a cost and we as a nation have to be prepared to pay that cost. Those days of leadership coming out of Nobab, Chowdhury, Jomindar, son of Omuk or Jamata of Tomuk should be over by now. Haven't we have enough of family politics? Rather the nation have be willing to pay the money so new set of leaders take this profession as a profession!

 

This money has to come from the national exchecker - from the taxes that people give. These groomed leaders, paid handsomely by its electorate will build a national atmosphere of development attitude and result orientation, we think.

 

There are 15 Crores people in Bangladesh. If the government allocates 10 Taka each year for each of its citizens - use that to pay the elected officials of local governments handsomely, would that be the starting "Dhulikona" that would initiate a buildup of good governance of "Mukta"? We think it will get us the desired result.

 

So, government has 150 Crores Taka each year to pay as salaries of the UP chairman, members, Pourshova Chairman and members and City Corporation Mayor and Ward Commissioners. How to allocate them? Proportionate to the relative number of the voters within any jurisdiction, we would suggest.

 

Ideally, every voter should be listed only once in any one of these local government offices. So, if we have a total of, say, 7.5 Crores voters nationwide, we have 20 Taka budget for every voter.

 

For example, if a UP election has 50,000 voters, it would have 10 Lacs Takas (50,000x20) for the salaries of the Chairman and Members each year. Government would guarantee the money to the UP members. Beyond that there would not be any guarantee for money, but the local council would be empowered to collect local taxes, raise local funds, issue development bonds in the stock exchanges in order to collect money for development.

 

How would that change the scenario? Is it possible to do something like this in our context?

 

We think it's absolutely possible and also, it would change the rule of the game totally. Just like nobody thought that the decoity by the Ershad/Khaleda/Hasina gongs can not be stopped, you know how wrong that is. Everything can be done if one wants to get to the destination. Some of that initiative will be responsive (which was the case of 1/11), that happened because of sheer irresponsibility of our national level politicians. Some of the initiatives will have to be proactive – which are a result of wisdom of the policymakers. We hope it would be done shortly.

 

To make it more interesting, government can also consider allocating budget based NOT on the number of voters listed, but based on the votes casted. But that should be something that could be consider as we progress and try to develop the democratic institutions further. Once something in line with what is proposed is done by the CTG for the local government elected officials, that would set the benchmark for something similar for national level elected officials (MPs, Ministers, PM, President, etc). But that can be dealt by the elected MPs if that is convenient to the CTG. But it should set the benchmark by determining the standard at the local government.

 

 

If you thought some of the ideas are worth of your reading time, please forward it to others. If you have an ear to the members of the CTG and policy makers, please forward it to them. If you have an ear to the journalists and news editors of the electronic media, discuss it with them. Hope they would look at the suggestions and give due diligence.

 

Thanks for your time,

 

Innovation Line

 

==================================================================================================

 

Note: This is a freelance column, published mainly in different internet based forums. This column is open for contribution by the members of new generation, sometimes referred to as Gen 71. If you identify yourself as someone from that age-group and want to contribute to this column, please feel free to contact. Thanks to the group moderator for publishing the article.

 

We have not seen the Liberation War, but we know if we can free the country from corruption first, we will eventually get to other dreams soon. Because of corruption, we could not even get into information highway for years, let alone other dreams!

 

This is the kind of article for which we started this column. Because of ongoing mess, a gift from our older generation, we often get diverted. Now that it seems some sanity is returning in Bangladesh, we would try to go back to our original plan.

 

==================================================================================================

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[chottala.com] Bangladesh Stock Market Lures Investors Hungry for Next Vietnam

Bangladesh Stock Market Lures Investors Hungry for Next Vietnam
By Pooja Thakur
Oct. 9 (Bloomberg) -- Yawer Sayeed returned to his native Bangladesh from Australia to set up a money-management company in 1999. After eight lean years his business is booming.
A military-backed government in place since January has lured investors by pledging to sell state enterprises and arresting about 150 former officials to fight corruption. The Dhaka Stock Exchange Index is at a 10-year high, up 66 percent this year, making it Asia's top performer after China.
``It's been a long haul,'' said Sayeed, chief executive officer at Asset & Investment Management Services of Bangladesh Ltd., the country's first and only private fund manager. ``It's a quantum leap in the mindset of the government and bureaucracy that they're embracing privatization.''
He said he sees the same work ethic growing in Bangladesh that he saw on a 2005 trip to Vietnam, whose stock market has increased 40 times since the end of that year. The asset value of Sayeed's first two funds has more than tripled to 1 billion taka ($14.3 million) this year, and he is about to set up a third, hoping to tap demand for share offerings.
Citigroup Inc., JPMorgan Chase & Co. and Merrill Lynch & Co. are betting Bangladesh may be the next Asian success story. Last month, New York-based Citigroup, the largest U.S. bank, became the first foreign lender to get a license to offer merchant- banking and investment-banking services.
``Bangladesh is increasingly on the radar of the international investment community,'' Mamun Rashid, Citigroup's Bangladesh country officer, wrote on Sept. 19 when he announced the bank's expansion there.
`Frontier Five'
JPMorgan named Bangladesh one of the ``Frontier Five'' markets worth investigating in an April 4 note, along with Kazakhstan, Kenya, Nigeria and Vietnam. Adrian Mowat, the New York-based bank's chief Asian and emerging market strategist, said growth in the country's working-age population was faster than Vietnam's.
Vietnam, which Mowat called the ``frontier market poster boy,'' sold more than 50 state-owned companies in the past year, three decades after South Vietnam fell to the Communist north. Its benchmark Ho Chi Minh City Stock Exchange VN Index has risen 44 percent in 2007 after more than doubling in 2006. The $20 billion market was worth just $500 million at the end of 2005.
In Bangladesh, 26 nonfinancial state-owned enterprises, including sugar plantations and textile mills, will be sold to private investors, according to Zulqar Nain, head of chancery at the Bangladesh embassy in Washington. So will GrameenPhone Ltd., founded by Nobel Prize winner Muhammad Yunus.
Mark Matthews, head of Asia-Pacific equity strategy at New York-based Merrill, said Bangladesh ``is probably the best reform story in Asia,'' in a July 5 note.
`Early Days'
Bangladesh, whose 150 million people live on an average of $1.30 a day, may seem an unlikely market for international investors. Almost two-thirds of its people are in farming, and that is interrupted by periodic flooding. In August, floods displaced about 5 million people. There's also a dearth of roads, rails and bridges. The gross national product last year was $71 billion, less than two days of U.S. output.
The size of the country's market is itself a deterrent. With a total value of about $8 billion, every share of every company could be bought eight times over by Microsoft Corp. founder Bill Gates, the richest man in the U.S.
Vijay Tohani, who helps manage funds with assets valued at $22 billion, or more than twice Bangladesh's entire stock market, said it is size, not politics, that's keeping him away.
``It's still very much in its infancy,'' said Tohani, a senior portfolio manager at Singapore-based First State Investments. ``I did visit some companies, and my initial fact- finding was positive. Interesting opportunities will unfold, but it's still in the early days.''
Moving Forward
Bangladesh's turnaround began a year ago, when President Iajuddin Ahmed canceled national elections following months of clashes between supporters of rival political parties. He installed Fakhruddin Ahmed, former governor of Bangladesh Bank, as chief adviser of the interim government in January.
The administration has arrested politicians, including former prime ministers Khaleda Zia and Sheikh Hasina Wajed, in a crackdown on corruption. On Sept. 9 the administration lifted a six-month ban on indoor political meetings. On Sept. 13, it said talks had started with political parties on changing laws ahead of elections it plans by December 2008.
The economy will grow as much as 7 percent in 2007, its fastest pace in about 30 years, because ``the transitional government has moved forward with a number of previously stalled economic reforms,'' the International Monetary Fund said in July.
The stock market will almost double in size to more than $15 billion in 2008, led by share sales of state enterprises, Salahuddin Ahmed Khan, chief executive officer of Dhaka Stock Exchange Ltd., said in an interview last month.
Expensive Shares
Grameenphone, which connects villages through mobile phones, plans to sell shares next year, Chief Executive Officer Erik Aas said in June. Yunus and Grameen Bank, which he founded in the 1970s, won last year's Nobel Peace Prize for advancing social and economic development by giving loans to Bangladesh's rural poor without asking for collateral.
Dhaka's exchange, founded in 1954, currently has 261 listed companies. Foreigners face no limits on how much they can invest.
While the Dhaka index remains about 27 percent below its record close of 3,648.75 set on Nov. 5, 1996, the rally has made Bangladeshi stocks more expensive than other emerging markets, driven by increasing inflows from Bangladeshis working overseas.
Shares are valued at about 20 times estimated earnings, said Saiful Islam, a director at Equity Partners Ltd. in Dhaka, the capital. That's higher than the ratio of 14.1 for the Morgan Stanley Capital International Emerging Markets Index.
``Returns have been fantastic,'' he said. ``Local people are bullish and foreigners are looking at the market more seriously.''
Remittances
From January to May, Bangladeshis who work overseas sent home $2.6 billion, the same amount remitted for all of 2006, according to Bangladesh Bank data. Average daily trading on the exchange so far this year surged almost fivefold from the same period in 2006 to 1.19 billion taka. Individuals opened 320,000 share-trading accounts in the last six months, taking the nation's total to 1.75 million, the exchange's Khan said.
``Investors are positioning themselves in the market in anticipation of privatization and direct listings,'' said Asset & Investment's Sayeed. ``If you have an allocation for emerging markets, countries like Bangladesh or Vietnam look very good.''
To contact the reporter on this story: Pooja Thakur in Mumbai at pthakur@bloomberg.net



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[chottala.com] 3 Win Nobel in Medicine for Gene Manipulation

3 Win Nobel in Medicine for Gene Manipulation
Left, Dan Sears/European Pressphoto Agency; Andrew Weltch/European Pressphoto Agency; Dirk Douglass/Reuters

From left, Oliver Smithies, Martin J. Evans and Mario R. Capecchi.

 

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[chottala.com] CTG still the ANGEL

Dear Moderators,
 
Some people  considered these care takers as angel. Now what will they say.?......mahathir of bd
 
 
Answer: The same. Still they are the angel for their resuffling activities which I am in doubt whether some others could do it so courageously or not.
 
They will be regarded as angel upto their time limit at the end of 2008. Till then I think it is too early to comment anything. So better not to hurry.
 
Let all the proved culprit should be sentenced to jail for their countless misdeeds. After 2008 this CTG will be accountable and at that time you can say whatever you like, not before that. Before that if you criticise CTG without giving them any chance to clear all those culprits that means you are encouraging the corrupted culprits of the soceity. 
 
Please don't give them any chance to come again. We the Bangladeshi publics are the maximum sufferer in the hands of these people. For God's sake please wait for sometimes more, and let our people sleep peacefully upto the end of Dec.2008.
 
Remember:
 
1. Dacoity.........................................  thy name is Khaleda Zia.
 
2. Cruelty.......................................... thy name is Sk. Hasina.
 
3. Flattery......................................... thy name is Ershad.
 
4. Angel like activity ......................... thy name is CTG.
 
 
 
Dr. Siraj uddowllah, Windsor, Canada.




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Re: [chottala.com] symptoms are giving bad signal

Mr mohathir
Its solution is every body must needs to do his duty honestly & skillfully.
Talkless Work More. Learn how to do works......learn what needs to do.

mahathir of bd <wouldbemahathirofbd@yahoo.com> wrote:
 Read  and write up if you can differ with the writer.
 
 
 


---------------------------------------------------------------------------------------------------------------------
Subhan Allah-  Only Allah flawless 
           Alhamdulillah - All praise to be of Allah 
                   Allahhuakbar - Allah, the Greatest
-----------------------------------------------------------------------------------------------------------------------Would Be Mahathir of BD
------------------------------------------------------------------
If it can be imagined, it is possible- NEC


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Re: [chottala.com] Foreign Policy Innovation - Identifying the natural allies

Dear Dina
Thanks for your nice message.,
I agree with  you 100%
I hope we all should avoid bad life bad money ,
to get a nice life with honestly earn.,
May Allah bless all
Ciao


dina khan <dina30_khan@yahoo.com> wrote:
Dear all
Mowlana Obaidul Haque died. Innalillahey oa Inna ilahe Ragiun. Every body will die. Rajakar will die Freedom Firgthers will die   Serular persons will die 
Corrupted people also die.  No body can alive more than 70--80 years.
It is the universal truth.  It is also universal truth that during this final journey he or she must leave every thing which he or she has earned by hook or by cook. Nothing will go with him or with her.
So it is better for all to do touba,  to do return all ill earned money to the government fund & to do beg apology to the nation for their wrong deeds &  to do promise rest of their life will do work honestly to build the country.
May Allah give all to understnd this eternal truth. Mr Kathib is no more in the world. No body can stay here.
Sobahan Allah Alhamdulillah Allahu Akbar.La ilaha Illala.



innovation_line <no_reply@yahoogroups.com> wrote:
Foreign Policy Innovation - Identifying the natural allies
Not East Not West, Look at How do you become Best!
Looking at the foreign policy of last 35+ years, it does not seem that there has been much thought given in our foreign policy. The way the foreign policies have been executed, we could have done without the expensive the foreign ministry, it seems. After all, you do not need a shiny plate to ask for alms in it! Don't you think so?
Bangladesh should look within herself and seek what are the areas where she can do best. The seemingly looming failure of Kyoto Protocol, Asian Century that are being heralded by ASEAN, Japan, Korea, China and India , Challenges of Bangladesh herself and Challenges of world wide failure of traditional leadership in nation states offer unique opportunities for innovation in Foreign Policy of Bangladesh. BD should look for natural allies within the global context and utilize her own strenghts to become a strong and positive contributor in the global scale while that role playing would ensure the fulfillment of basic needs of her own people.
So who are the natural allies?
Who have scarce land and other natural resources?
Who have a very high population density?
Who have successfully acted as the center country or hub economies?
Who have the green technologies ?
Who are good at the foreign policy similar to Bangladesh?
We intend to focus on the specific topics in coming days. Here are some of the summaries:
Bangladesh should refuse to align herself to any of the global or regional players, rather BD should faciliate a platform where these players, who are often blind of real issues, to combine their strengths to solve the problems rather than creating them. 
Bangladesh should say YES to Singapore, UAE, Netherlands and Canada in that they compare with the issues that Bangladesh faces today.
Singapore, though very tiny, has a very high population density that is shared by Bangladesh. It has also built itself into a hub economy from the ashes of poverty through extreme discipline and pragmatic democratic reforms and leadership. Bangladesh has a lot to learn from this East Asian sister - not to directly copy her, rather to learn from her.
UAE, as we speak, is building herself into the newest hub economy of the world. There is a lot of exchange of human resources between the countries, too.  
Bangladesh should emulate and learn from this two countries to become the next hub economy of Asia. Advantage with Bangladesh is that it is already geographically positioned to become a hub - only this has to be recognized and acted upon. Most importantly, Bangladesh sits in between the three greatest economic engines of our times - ASEAN, China and India. Bangladesh should make herself available to be a facilitator country for the world players (financial, commercial and political powers) to locate themselves in Bangladesh and tap into these three economies. And that can be done without losing our own interest - rather in that process of becoming hub we can solve our own problems.
The next country of interest should be Netherlands. This is a country which has driven innovation in land management and ecological resource management. Given our already acute problems with scarce resource and the perceived deterioration of the same in near future, we should become the playing ground of all the great innovation that has been done in the past and is being currently done.
Canada is another country which Bangladesh should learn from to build its policy in terms of how to project its image as a responsible player in the global stage.
We hope that our foreign policy makers, think-tanks on foreign policy and strategic issues would give enough thought on the suggestions forwarded here. These are not flawless - we recognize that. But these have been generated through the practice of hobby - on a part-time basis. A full-time rigor would be able to more succinctly identify our natural allies among the countries with whom Bangladesh should pursue strategic relationship. Foreign policy adviser should take note.
If you thought some of the ideas are worth of your reading time, please forward it to others. If you have an ear to the members of the CTG, economists, policy makers and strategists, please forward it to them. If you have an ear to the journalists and news editors of the electronic media, discuss it with them. Hope they would look at the suggestions and give due diligence.
Thanks for your time,
Innovation Line
==================================================================================================
Note: This is a freelance column, published mainly in different internet based forums. This column is open for contribution by the members of new generation, sometimes referred to as Gen 71. If you identify yourself as someone from that age-group and want to contribute to this column, please feel free to contact. Thanks to the group moderator for publishing the article.
We have not seen the Liberation War, but we know if we can free the country from corruption first, we will eventually get to other dreams soon. Because of corruption, we could not even get into information highway for years, let alone other dreams!
This is the kind of article for which we started this column. Because of ongoing mess, a gift from our older generation, we often get diverted. Now that it seems some sanity is returning in Bangladesh, we would try to go back to our original plan.
==================================================================================================

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[chottala.com] Caretakers are also as liar as other politicians

 
 
Dear All
 
This Military-backed CTG is not neutral at all. It is out and out
politically motivated.... Its' motivation is to keep the hegimony
of the military over the political processes in Bangladesh
at any cost [even destroying it own creator, if and when necessary].
Politics by any other name is also POLITICS:
The anti-corruption drive, reform etc. are just covers to create
illusion and divert attention of the public from the real issues
of the country.
 
A. Rahim Azad
 
 On 10/07/07, 
mahathir of bd <wouldbemahathirofbd@...>
wouldbemahathirofbd wrote:
 
When  Khaleda was pressured to leave country and Hasina was barred to return country, This so called angels' goverment CTG told that they had nothing to do with Khaleda's going abroad.SHe was going of her own. etc............etc.
 
 
 Now  Moinul is saying the truth, they wanted to keep them abroad.
 
See the link:
 
Some people  considered these care takers as angel. Now what will they say.?
 
How advisers preffered and privilaged by BNP(8 out of 11) can be angle if BNP is so bad , or corrupt or whatever evil they think.
 
 
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[chottala.com] symptoms are giving bad signal

 Read  and write up if you can differ with the writer.
 
 
 


---------------------------------------------------------------------------------------------------------------------
Subhan Allah-  Only Allah flawless 
           Alhamdulillah - All praise to be of Allah 
                   Allahhuakbar - Allah, the Greatest
-----------------------------------------------------------------------------------------------------------------------Would Be Mahathir of BD
------------------------------------------------------------------
If it can be imagined, it is possible- NEC


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Re: [chottala.com] Foreign Policy Innovation - Identifying the natural allies

Dear all
Mowlana Obaidul Haque died. Innalillahey oa Inna ilahe Ragiun. Every body will die. Rajakar will die Freedom Firgthers will die   Serular persons will die 
Corrupted people also die.  No body can alive more than 70--80 years.
It is the universal truth.  It is also universal truth that during this final journey he or she must leave every thing which he or she has earned by hook or by cook. Nothing will go with him or with her.
So it is better for all to do touba,  to do return all ill earned money to the government fund & to do beg apology to the nation for their wrong deeds &  to do promise rest of their life will do work honestly to build the country.
May Allah give all to understnd this eternal truth. Mr Kathib is no more in the world. No body can stay here.
Sobahan Allah Alhamdulillah Allahu Akbar.La ilaha Illala.



innovation_line <no_reply@yahoogroups.com> wrote:
Foreign Policy Innovation - Identifying the natural allies
Not East Not West, Look at How do you become Best!
Looking at the foreign policy of last 35+ years, it does not seem that there has been much thought given in our foreign policy. The way the foreign policies have been executed, we could have done without the expensive the foreign ministry, it seems. After all, you do not need a shiny plate to ask for alms in it! Don't you think so?
Bangladesh should look within herself and seek what are the areas where she can do best. The seemingly looming failure of Kyoto Protocol, Asian Century that are being heralded by ASEAN, Japan, Korea, China and India , Challenges of Bangladesh herself and Challenges of world wide failure of traditional leadership in nation states offer unique opportunities for innovation in Foreign Policy of Bangladesh. BD should look for natural allies within the global context and utilize her own strenghts to become a strong and positive contributor in the global scale while that role playing would ensure the fulfillment of basic needs of her own people.
So who are the natural allies?
Who have scarce land and other natural resources?
Who have a very high population density?
Who have successfully acted as the center country or hub economies?
Who have the green technologies ?
Who are good at the foreign policy similar to Bangladesh?
We intend to focus on the specific topics in coming days. Here are some of the summaries:
Bangladesh should refuse to align herself to any of the global or regional players, rather BD should faciliate a platform where these players, who are often blind of real issues, to combine their strengths to solve the problems rather than creating them. 
Bangladesh should say YES to Singapore, UAE, Netherlands and Canada in that they compare with the issues that Bangladesh faces today.
Singapore, though very tiny, has a very high population density that is shared by Bangladesh. It has also built itself into a hub economy from the ashes of poverty through extreme discipline and pragmatic democratic reforms and leadership. Bangladesh has a lot to learn from this East Asian sister - not to directly copy her, rather to learn from her.
UAE, as we speak, is building herself into the newest hub economy of the world. There is a lot of exchange of human resources between the countries, too.  
Bangladesh should emulate and learn from this two countries to become the next hub economy of Asia. Advantage with Bangladesh is that it is already geographically positioned to become a hub - only this has to be recognized and acted upon. Most importantly, Bangladesh sits in between the three greatest economic engines of our times - ASEAN, China and India. Bangladesh should make herself available to be a facilitator country for the world players (financial, commercial and political powers) to locate themselves in Bangladesh and tap into these three economies. And that can be done without losing our own interest - rather in that process of becoming hub we can solve our own problems.
The next country of interest should be Netherlands. This is a country which has driven innovation in land management and ecological resource management. Given our already acute problems with scarce resource and the perceived deterioration of the same in near future, we should become the playing ground of all the great innovation that has been done in the past and is being currently done.
Canada is another country which Bangladesh should learn from to build its policy in terms of how to project its image as a responsible player in the global stage.
We hope that our foreign policy makers, think-tanks on foreign policy and strategic issues would give enough thought on the suggestions forwarded here. These are not flawless - we recognize that. But these have been generated through the practice of hobby - on a part-time basis. A full-time rigor would be able to more succinctly identify our natural allies among the countries with whom Bangladesh should pursue strategic relationship. Foreign policy adviser should take note.
If you thought some of the ideas are worth of your reading time, please forward it to others. If you have an ear to the members of the CTG, economists, policy makers and strategists, please forward it to them. If you have an ear to the journalists and news editors of the electronic media, discuss it with them. Hope they would look at the suggestions and give due diligence.
Thanks for your time,
Innovation Line
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Note: This is a freelance column, published mainly in different internet based forums. This column is open for contribution by the members of new generation, sometimes referred to as Gen 71. If you identify yourself as someone from that age-group and want to contribute to this column, please feel free to contact. Thanks to the group moderator for publishing the article.
We have not seen the Liberation War, but we know if we can free the country from corruption first, we will eventually get to other dreams soon. Because of corruption, we could not even get into information highway for years, let alone other dreams!
This is the kind of article for which we started this column. Because of ongoing mess, a gift from our older generation, we often get diverted. Now that it seems some sanity is returning in Bangladesh, we would try to go back to our original plan.
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