Anwar-ul Alam Chowdhury (Parvez), President of Bangladesh Chamber of industries (BCI) said that the proposed budget seems to be challenging…
DHAKA: Speakers at a webinar recently said digital
economy will make transaction faster, reliable, and reduce cost of doing
`If all economic activities are digitalized, transaction would be faster-
reliable and cost of doing business will decrease. Besides, Informal and
hidden economy would be transformed into formal while gray and black economy
turn into transparent one,’ they opined.
Speakers made the remarks at the webinar on ‘Economics of Digital Payment
System for Growth: Comparative Practices and the Bangladesh Narratives’
organized by the Institute of Chartered Accountants of Bangladesh (ICAB),
said a press release.
Post, Telecommunication and Information Technology minister Mustafa Jabbar
joined the event as the chief guest.
Speakers said, `Now Bangladesh is evolving with enormous economic
potentialities. It has maintained an average growth rate of 8 percent over
last few years. This is because the economy has been turning to
industrialized digital economy where everything is connected digitally’.
The traditional revenue collection, banking, payment system, all
components of a country’s Economic Machine are now transforming into
digitally operations, they added.
Experts in these areas claim that by digitizing revenue collection and
expenditure payment with a real time settlement would result in increase of
revenue, reduce transaction cost and other costs, would increase annual
revenue minimum four times from the analog and paper-based collection system.
ICAB President Shahadat Hossain delivered address of welcome. Professor
Mustafizur Rahman, Distinguished Fellow, Centre for Policy Dialogue (CPD) and
Khondkar Atique-e- Rabbani , Member – ICAB & Managing Director, The Computers
Ltd joined as panel speakers.
ICAB Past President A K Gulam Kibria was the session chairman while Dr
Jamaluddin Ahmed, Past President-ICAB presented the keynote paper.
ICAB President Shahadat Hossain said, the contribution of IT industry to
the ongoing economic growth of Bangladesh is getting bigger day by day.
He said, Bangladesh has made significant progress in the digital economy
in the last four years and has taken place in the list of ‘Top Movers’ of
2019. The other three countries on the list are: Ukraine, South Africa and
Algeria. This list has been compiled by assessing the progress of the world
in digital economy from 2015 to 2019.
Keynote speaker Dr Jamaluddin Ahmed in his paper said, adoption of digital
technology causes the changes to economic behavior and the costs of doing
business which is shifting downwards as digital technology evolves in
processing and running billions of economic transactions.
The payment system of a country entails the transfer of value from one to
the other economic agent. As the economic activity grew following agriculture
and industrial advances, increasing payments needed to be made over greater
distances, and so both volumes and values of interbank obligations increased,
ICAB Vice President NKA Mobin gave concluding remarks.
Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy said the historic Six-Point Demand or the Six-Point Formula was a Bengali…
Skills for better life is a skill development project funded by Chevron implemented by Swisscontact, launched first android-based Bangla app…
Prime Minister Sheikh Hasina on Wednesday directed the authorities concerned to take high care of environment and ecology while taking…
RN Desk:The achievement of sustainable development goals by 2030 will be jolted unless a vigorous growth of tourism in the…
Modhumoti Bank Limited, rec has been awarded with Letter of Appreciation by Bangladesh Bank (BB) for 100% disbursement of special stimulus refinance scheme for Covid-19 affected agricultural sector. BB Governor Fazle Kabir handed over the letter to Md. Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, at BB headquarters recently. Top executives from both sides were present.— May 26, 2022
RN Desk:A planned “integrated energy-power sector master plan” is likely to be ready by November 2022. Japanese firm-The Institute of…
Big, Bold, Beautiful: The all-new Nissan Magnite launched in Bangladesh Loaded with first-in-class features, the B-SUV combines a ‘carismatic’ design, powerful performance and advanced technologies to be the ideal companion for city adventures— May 23, 2022
Dhaka, Bangladesh, May 21, 2022: Nissan on Saturday launched the powerful, all-new Nissan Magnite in Bangladesh. The award-winning B-SUV offers…
Reuters : German automaker BMW’s first sales-ready battery electric i4 models rolled off production lines at its main plant in…
RN Desk:hina’s top respiratory disease expert Zhong Nanshan has said the country could reach herd immunity against Covid-19 by the…
International United Kingdom International news Life-saving drugs have been found in the treatment of corona: BBC— June 16, 2020
Dexamethasone. Scientists say the drug is capable of saving the lives of critically ill patients with coronary heart disease. Dexamethasone…
ব্রিটিশ বহুজাতিক তামাক কম্পানি ব্রিটিশ আমেরিকান টোবাকো (বিএটি) করোনার ভ্যাকসিন তৈরির ঘোষণা দিয়েছে। আগামী জুন মাসের মধ্যেই তারা ভ্যাকসিন তৈরি…
চীনের পররাষ্ট্রমন্ত্রী ওয়াং ঝি বলেছেন, এটা প্রথম ঘটনা যে-কোভিড-১৯ এ নিশ্চিত আক্রান্তের সংখ্যা থেকে সুস্থ হওয়া রোগীর সংখ্যা দিন দিন…
Views & Exclusive Interviews— April 30, 2022
Md. Arafat Raahman:Plastic pollution is the extraction of plastics by the environment which in turn has adverse effects on wildlife,…— December 1, 2021
“In this month of victory, let us channel all our thoughts and actions towards the same vision of building the…— December 1, 2021
Ashikujaman Syed:Spitting or coughing is one of the major causes of airborne diseases in Dhaka city. Spitting in public is…— November 29, 2021
Planning Minister Mannan says at the launching ceremony of a report titled ‘Somriddhir Ogrojatra – Accelerating Bangladesh,’ organized by the…
Entertainment— October 22, 2021
Masuma Rahman Nabila, the popular actress of ‘Aynabaji’, returned to shooting after a long time. Last July, a baby girl…— October 1, 2021
Popular Indian actress Koushani Mukherjee. She is playing the central role in the movie ‘Pia Ray’ produced by Shapla Media….— September 3, 2021
Tahmina Othoi is at a time an actress, anchor and model. She started her acting career to act in late…— August 26, 2021
RN DESK:Bollywood actress Daisy Shah is currently putting up in the United Kingdom due to her shooting commitments. She recently…— August 26, 2021
Where opinions of women on different issues in the society go unheeded most of the time, it is a challenge…
Literature— January 13, 2022
Former and current students, teachers and officials of Jahangirnagar University (JU) on Wednesday celebrated the 51st founding anniversary in a…— September 18, 2021
Arifful Ialam Laskar Memory is who we are. Childhood memories are always exclusive. Most importantly, a childhood spent in the…— August 27, 2021
Education basically comprises teaching, learning and assessment and these dimensions are highly interrelated to each other. During the pandemic shifting…— August 21, 2021
DHAKA: The ruling party Awami League (AL), its associate bodies of AL, its left-leaning allies and other political parties today…— August 17, 2021
DHAKA:: Awami League leaders today demanded formation of a probe commission to bring the conspirators and masterminds behind the August…
Sports News— September 11, 2021
MA Kashem has been unanimously elected as Chairman of the Executive Committee of Southeast Bank Limited in its 636th board…— May 10, 2021
RN Desk:The universities will take exams using creative questions papers or assignments on shorter syllabus The University Grants Commission (UGC)…— February 7, 2020
আগামীকাল থেকে রাওয়ালপিন্ডিতে শুরু হচ্ছে বাংলাদেশ ও পাকিস্তানের মধ্যকার দুই ম্যাচ সিরিজের প্রথম টেস্ট। তার আগে নিজ বাসভবনে আজ বিকেলে…— January 10, 2020
ল্যান্ড বিশ্বকাপ থেকেই ইনজুরিতে ভুগছিলেন বাংলাদেশের তরুণ ক্রিকেটার মোহাম্মদ সাইফউদ্দিন। ৯ বছর আগে পাওয়া চোট আবার ফিরে আসে তার। তা…
অনলাইন জরিপLoading ...
100 Illustrious & Leading Business Personalities
Md. Mahmudul Hoque Khan Dulal is a journalist by profession. He is also the General Secretary of Bangladesh Business Journalist…
Prof. Dr. Muhammad Yunus, an internationally renowned personality was born in 28th June’1940 in the village of Bathua, in Hathazari,…
Dr. Kamal Hossain, a well known personality was born on 20 April, 1937. He has been a reputed lawyer both…
Commerce Minister Born in 1923 and educated at the Universities of Dhaka, Minnesota and Southern California, Kabir Chowdhury is a…
Barrister Rafique-ul-Huq, aged 75, is the Chairman of the Board of Directors of Hajj Finance Company Limited. He holds MA…
Barrister Rokanuddin Mahmud is one of the foremost personalities in the legal community of Bangladesh. Born on 14 July 1946…
Bangladesh is moving forward gradually towards industrialization and tries her best in a bid to make a position among industrialized…