Presentation About THE MAIN REASONS AND PUBLIC’S REACTION ABOUT RECENT PRICE HIKE IN Bangladesh

WELL COMEWELL COME

TO MY

PRESENTATION

PREPARED FORPREPARED FOR

Dr. Deena P Forkan

Course Instructor

ENG-105

Section-04

PREPARED BY PREPARED BY

Mohammed Murtoza Ali Quader

ID = 061213045

My Research TopicMy Research Topic

The main reasons and public’s reaction about recent price hike in

Bangladesh

INTRODUCTIONINTRODUCTION

With the price increase of essentials capturing headlines of our national newspapers almost everyday. Because this price hiking problem has become the main social problem in Bangladesh. People are suffering most in this problem specially the poor peoples. There are many reason behind this problem but corruption, formation of syndicate, high inflation rate, international price hike of fuel and other essential commodities, power failure, natural disaster is the main reason behind this. And if the food price is not controlled, the inflation rate may reach double-digit level very soon which is currently 7.5%. In my research paper I tried to figure out these reasons and tried to find out some sollution.

Areas to be StudiedAreas to be Studied

What are the main reason behind this recent price hike in Bangladesh?

Is corruption and local syndicate only responsible about this price hike?

What should be the role of Government to reduce this price hike?

How can we solve this problem?

HYPOTHESISHYPOTHESIS

There are many reasons behind this price hiking problem in Bangladesh. Corruption, formation of syndicate groups, increase of international market price of fuel and essential commodities, power crisis, natural disaster, transportation problem etc are the main reason behind this problem. The Government can solve this problem by introducing effective monitoring system, by improving law & order and by identifying the evil syndicate groups.

METHODOLOGYMETHODOLOGY

There are two types of data in my research paper.

Primary Data: I have collected my primary data by conducting a survey on 30 general people.

Secondary Data: I have collected my secondary data mostly from different website, newspapers, and magazines.

DATA PRESENTATIONDATA PRESENTATION

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What do you think about the main reason What do you think about the main reason behind this recent price hike?behind this recent price hike?

A. Formation of Syndicate.

B. Corruption.

C. Extortion.

D. Taking bribe from traders.

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A B C D

Do you think there is any Syndicate groups Do you think there is any Syndicate groups involved in price hike?involved in price hike?

A. Yes, because the Government can’t control the price.

B. No, there is no such Syndicate groups exist.

C. May be, not sure.83.33

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A B C

Who are controlling this syndicate Who are controlling this syndicate groups?? And how?groups?? And how?

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For example…..For example…..

Suppose the current market price for a NOKIA 1100i mobile phone is TK 2800.

Which Political factors are responsible for Which Political factors are responsible for price hike?price hike?

A. Blockade and strike.

B. Corruption of so called political leaders.

C. Conflict between political parties. 20

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A

B

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What structural and institutional constraints are What structural and institutional constraints are mainly responsible for this recent price hike?mainly responsible for this recent price hike?

A. Bribe and illegal toll collection.

B. Traffic congestions.

C. Power failures.

D. Lack of storage capacity.

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A B C D

Do you think natural disasters, street vendors and Do you think natural disasters, street vendors and illegal construction drive by the joint forces are illegal construction drive by the joint forces are also responsible for this price hike?also responsible for this price hike?

A. Yes, because it creates shortage of goods.

B. No, these are not mainly responsible for this.

C. Partly responsible.

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What is the rate of price hike?What is the rate of price hike?

A. Slow.

B. Moderate.

C. Fast.

D. Very fast.

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A B C D

Do you think the general public can play a Do you think the general public can play a role to reduce this price hike?role to reduce this price hike?

Yes, they can help the Government.

No, there role is not necessary.

Other comment.

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A B C

Which methods can be most applicable to Which methods can be most applicable to reduce or improve this price hike problem?reduce or improve this price hike problem?

A. By framing appropriate law by the Government to eliminate middle classes in trading.

B. By introducing effective monitoring system.

C. By re-introducing old rationing system by the Government to stable the prices.

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A B C

FINDINGFINDING

The prices of commodities are almost uniform across the capital, which only implies that a group of people are fixing the prices and that they have enough clout in the market to be able to decide what the prices should be.

Corruption of so called political leaders, corruption of different Government officials and law enforcing agency is the main reason behind this problem.

CONCLUTIONCONCLUTION

Given the scenario in Bangladesh, any measure to control prices, barring one that addresses the syndicates, is bound to be band-aid-like — a bit of eyewash. That is perhaps the first area where the government should focus in its bid to reduce the prices of essential items. But it is not possible for the Government to reduce this problem alone. The general people, the mass media everybody should came forward to help the Government to reduce this problem.

RECOMMENDATIONRECOMMENDATION

Identify the syndicate groups.By improving law and order.By framing appropriate laws by the

Government to eliminate middle classes in trading.

By introducing effective monitoring system.

THANK YOU ALLTHANK YOU ALL

QUESTION ??

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