1.
How Bangladesh will be benefited from launching Bangabandhu Satellite-1?
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May 12 is a significant date in the history of Bangladesh. Bangladesh has become the 57th nation having it's own satellite in space. The Bangabandhu Satellite-1 (BS-1) is the first Bangladeshi communication orbiter and is expected to meet the need of a satellite connectivity facility.
By launching Bangabandhu Satellite-1, Bangladesh will be beneficiary in many ways.
- Bangladesh’s annual expenditure for satellite connectivity is $14m. The cost is due to renting bandwidth from foreign operators. After the BS-1 launch, it would be unnecessary.
- Private TV channel operators and Direct-to-Home (DTH) as alternative of cable television service providers will be the main consumers of the satellite, according to officials.
- The weather department as well as the defence sector will also benefited from the satellite. The BS-1 will help to bring uninterrupted telecommunication during disasters like cyclone or tornado.
- It will also play a role in telemedicine, e-learning, research and DTH services.
- It will be able to count holdings as well as measure population density.
- The Bangabandhu satellite is going to be located at the 119.1 east geostationary slot which will cover all the SAARC countries as well Indonesia, Philippine, Myanmar, Tajikistan, Kyrgyzstan, Uzbekistan, Turkestan and a part of Kazakhstan. Bangladeshi satellite television channels that have a large viewership in the Middle East countries are expected to become the main commercial user of the first Bangladeshi satellite.
- In the event of unexpected disasters hitting the country, telecommunication system in Bangladesh might be unavailable. During such emergency situations, satellite network can play an important role in ensuring uninterrupted telecommunication services in the country. The remote areas of the country like the coastal area will have much better internet connectivity.
According to BTRC chairman Shahjahan Mahmood, " The Bangabandhu Satellite will help to make Bangladesh an advanced country. It would also speed up many aspects of our daily life.” We hope & believe that Bangladesh Government will take proper steps to get better feeback from this history making launching of Bangabandhu Satellite-1.
2
Impact of Liquidity Crisis in Banking Sector
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With visualising the imacts, liquidity crisis is the widely discussed topic in banking sector recently. This crisis has ruled over the stability of this sector & diverts clients' faith unstable. Economists, bankers and experts blamed aggressive lending against lower deposit, money laundering under the cover of import, hike in dollar price, adjusting the new advance deposit ratio (ADR), withdrawal of deposits, and failure in default loans recovery for the crisis.
A liquidity crisis is a negative financial situation characterized by a lack of cash flow. For a single business, a liquidity crisis occurs when the otherwise solvent business does not have the liquid assets (i.e., cash) necessary to meet its short-term obligations, such as repaying its loans, paying its bills and paying its employees. If the liquidity crisis is not solved, the company must declare bankruptcy. An insolvent business can also have a liquidity crisis, but in this case, restoring cash flow will not prevent the business's ultimate bankruptcy.
The effects of a liquidity crisis may spread in many ways:
-A liquidity crisis can unfold in several ways. Economic concerns might drive the deposit holders with a bank or banks to make sudden, large withdrawals, if not their entire accounts. This may be due to concerns about the stability of the specific institution or broader economic influences. The account holder may see a need to have cash in hand immediately, perhaps if widespread economic declines are feared. Such activity can leave banks deficient on cash and unable to cover all registered accounts.
-If a government is confronted with a liquidity crisis, and lacks the funding to pay for its obligations and debts, it might take on austerity measures thus cutting spending drastically. Such actions can in turn affect the public as there would be less money in the overall economy. The lack of cash flowing from government sources can affect small businesses, for instance, that rely in loan financing to help them cover growth costs as they conduct business. This can result in businesses closing temporarily or even permanently, spikes in unemployment due to those closures, and an erosion of economic growth within the country.
According to the central bank data, banks have received a total deposit of around Tk85,000 crore, while they disbursed around Tk1,25,000 crore between January and December 2017. During this period, the depositors were interested in investing in National Saving Certificates as the deposit interest of banks was too low.The banks have to pay the import bills through dollars and the Bangladesh Bank sold the greenback worth Tk11,000 crore to the private banks in the previous year.
We expect proper steps taken by Bangladesh Bank to overcome from liquidity Crisis. Otherwise it will hamper the whole financial sector & it will ruins economic growth directly & indirectly.
