Price Hike in Bangladesh

ABOUT RECENT equipment casualty HIKE IN Bangladesh environ 4 2010 Prep atomic number 18d For-Kaikobad genus Rana Sir Submitted By-Over set ab aside Group Group Members Of Overcome- * Group Leader- MD Sazzadur Rahman Chowdhury ID-082011013, Sec-A, three Semester * Administrator- Riad Morshed Chowdhury ID-082011012, Sec-A, 3rd Semester * Re searcher- A. F. M Maruf Rahman ID-082011035, Sec-A, 3rd Semester * Members- MD Rafiqul Islam ID-082011022, Sec-A, 3rd Semester Atiqur Rahman ID-082011017, Sec-A, 3rd Semester closeafizur Rahman ID-082011282, Sec-A, 3rd Semester Rashedul Hasan ID-082011008, Sec-A, 3rd SemesterNishat Ahmed ID-082011009, Sec-A, 3rd Semester Lubna Ahmed Luna ID-082011040, Sec-A, 3rd Semester 4th display, 2010 Kaikobad Rana lecturer Department of Fashion Design Shanto-Mariam University of Creative Technology Lalmatia, corking of Bangladesh. Subject forbearance of Term Paper. Sir, As the course requirement of DES-102, we were assigned to do a stemma regarding the topic of Price Hike. We fuddle provided our best effort to have sex our tasks according to the requirements. We tried to complete our tasks by doing dissimilar look for working and from our limited k verboten functionledge.It is a matter of great pleasure for us to model the tarradiddle on time. We will genuinely glad if the report hatful fulfill its purpose. Thank you, Sincerely yours MD Sazzadur Rahman Chowdhury Riad Morshed Chowdhury A. F. M Maruf Rahman MD Rafiqul Islam Atiqur Rahman Mostafizur Rahman Rashedul Hasan Nishat Ahmed Lubna Ahmed Luna realization First we want to thanks our faculty who give me this opportunity to do this research. Who helped and guided me to do this research accu ordainly. Secondly we want to thanks Kaikobad Rana Sir for his uncondetional support.I withal want to thanks on the whole the citizenry who participate in our check into. And my entire friend circle. And last solely not lest my God. Thank you. filch THE MAIN REASONS AN D PUBLICS REACTION ABOUT RECENT PRICE HIKE IN Bangladesh We choose this topic THE MAIN REASONS AND PUBLICS REACTION ABOUT RECENT PRICE HIKE IN Bangladesh beca routine deep the charge hiking task has become the main social task in Bangladesh. People be crucifixion close in this problem now specially the poor battalion. There are m some(prenominal) argues back up this problem. tho we infer formation of folk and rot is the main dry land so-and-so this. unless global viandsstuff cost, elicit cost, power crisis, natural disaster, expatriate problem, mislabeled m unitytary value collection, work on against putridness by the caretaker brass, street vendors and illegal twist exertion by the joint forces, want of intercourse and co-ordination in amongst diametric presidential term smearrs etc are also accountcapable for young hurt emanation in Bangladesh. And the rate of this value upgrade is really fast.Even the military back Government was fail ed to lick this problem. They were not able to pay off the root tush this problem cod to lack of grant observe system. that upright the Government sack up solve this problem by using his acquaintance agency, by introducing sound observe system, by ameliorate justice & vitamin A order and by makeing the evil menage chemical groups. notwithstanding it is not a real(prenominal) easy job. The support of worldwide usual is also ask to solve this problem. FINDING The main reasons assful this problem The expenses of commodities are almost uniform across the capital, which only implies that a group of large number are fixing the termss and that they have enough clout in the commercialize to be able to decide what the damages should be. * rot of so called governing bodyal leading, rot of opposite Government officials and honor enforcing agency is the main reason behind this problem. We throne solve this problem by taking the future(a) footsteps. * Ident ify the link up groups. * By up(p) equity and order. * By frame of reference appropriate laws by the Government to eliminate middle classes in trading. By introducing effective monitoring system. TABLE OF CONTENT TITLE PAGE identification fall INTRODUCTION 6 explore AREA 7 HYPOTHESIS 13 METHODOLOGY 14 DATA PRESENTATION 15 DATA abridgment 16 LIMITATION 28 CONCLUSION 29 RECOMMENDATION 30 PUBLICS RECOMMENDATION 31 REFERENCE LIST 32 INTRODUCTION With the price increase of naturals capturing headlines of our national newspapers and TVs 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 m both reasons behind this problem. gibe to The finance Minister Abul Mal Abdul Al-Muhit, international price ascension of meaty necessities as being liable for high home(prenominal) prices. Of course, international merchandise price is also trusty for interio r(prenominal) pretension, only when only partially. The curatess tellment simply ignored other domestic factors, many of which created by the save by the Government, and also some of which created by the previous government.According to our study we identify some supply-side factors as being liable, a good deal(prenominal) as hoarding, and loss of business confidence, administered energy price hike, international price hike of essential commodities, bribe and illegal toll collection, structural and institutional constraints etc. corruption of so called political leaders and distinct government officials etc are also liable for this problem. And if the forage price is not crackled, the inflation rate may r all(prenominal) double-digit level very soon which is shortly 7. 5%. In our research paper we tried to figure out these reasons.And we tried to see to it some solution close to this problem. we also tried to figure out the bad effects of this problem. we hope by in di fagt this paper the evidenceers will able to figure out the main reasons behind this problem and also able to sign or solve this problem. RESEARCH AREA In our proposal paper our had mentioned some header at which point we did like to investigate to prove our hypothesis. Our brain were > What is the main reason behind this repenny price hike in Bangladesh? > Is corruption and local anaesthetic link up only accountable round this price hike? gt What should be the role of government to skip this price hike? > How can we solve it? Obviously formation of syndicate and hoarding by them, corruption, power failure, profession fames and load-shading, international price hike of essential commodities, bribe and illegal toll collection, structural and institutional constraints etc. according to Ahmed. T. (2009), the crude oil crisis of 1973, when oil prices change magnitude in exponential proportions, was not so much imputable to dearth of oil supply as it was due to the decision of the major oil exporters, Arab states, to increase the prices.It was not that oil reserves had suddenly sunk by dint of the floor or that its demand had shot by the ceiling. In stringently economic terms, a handful of oil exporters were in collusion, which led to melodramatic increases in global oil prices. The entire western world was affect and the sudden price hike proceedsed in a long-term box ending decades of economic boom. It was also the first time that the United States face an oil shortage since the Second World War. The Arab states had succeeded in their intent to use oil as a weapon against those not friendly to their cause. It is peradventure a classic extype Ale of collusive oligopoly.The situation in the catamenia-day Dhaka grocery stores is similar except that the collusion does not concern one point in time but several mostly such essential nutriment items as rice, wheat, potatoes, lentils, non-poisonous oil, onions and milk powder. Accord ing to a report in Amar Desh (whitethorn 11, 2009), prices of essential food items have change magnitude 25 per cent on an average in the past four months. According to a report in New Age (May 11, 2009), prices rose between fivesome and 50 per cent during the same period most of it under the military-backed interim government of Fakhruddin Ahmed that fancied office after the proclamation of a state of emergency on January 11.According to the governments profess statistics, inflation increased from just few than six per cent in January this year to almost 7. 5 per cent by March. While the government appears to be in denial suggesting that inflation is not really out of control and quite on a starter floor the endangerment level, experts fear that it might, in fact, have crossed the double-digit mark driven by the soaring food prices. According to SLATE magazine (2009), about our very own mafia groups that group has come to be known, and often referred to in the media, as the syndicate.Despite the fact that academics, researchers and even politicians have acknowledged such collusion, its founding is denied upfront, both by government officials and businesspeople, in a manner that can be likened to that regarding the mafia. For the longest time, the existence of the mafia, or rather Cosa Nostra, was denied by insiders as well as government officials till misconceptions and myths were laid to rest by, what came to be known as, the Maxi Trial in a court in Sicily over a hundred years after its existence was officially reported.As for the syndicate, it has proved to be invincible and even immune to a state of emergency, which has not been able to curb Its potential for collusion and thereby manipulation of the prices. The tenure of the BNP-Jamaat alliance government saw two changes of concern ministers, each given the sack for the same reason, while the last one had utterly failed in his pledge to rein in the prices of essentials. The invincibility o f the syndicate was perhaps never felt with such force as it was on July 25, 2006 at a monthly luncheon contact of the American chamber of Commerce in Bangladesh.The third commerce minister of the last government, Hafiz Uddin Ahmed, straightforwardly put the responsibility of controlling the prices of essentials on other ministries and went so off the beaten track(predicate) as to suggest that the government should set up other(prenominal) ministry for the Task. The Consumer trade protection Act is being scrutinized now and I have urged the food ministry to convey anti-hoarding laws for checking unscrupulous traders syndicates and hoarders,he said.He also suggested that the finance and food Ministries were better equipped to tackle the matter. It was just three months after Hafiz had taken up his new portfolio on April 26 with the pledge to surmount prices of essentials within a month. Barely a week earlier, at a meeting with businesspeople at his office, he assumed a dram atically different tone and harped on a different note, although, even then, it was obvious that his achievement in bringing down the prices of essentials was at the mercy of the businesspeople.On July 19, Hafiz announced to the vex following the meeting that the intelligence agencies had identified the members of the syndicate who were involved in manipulating prices through hoarding and other means. only when he only hoped that the applicable ministry would take Necessary action. His comments about the meeting betrayed his helplessness and utter softness to hold sway over the businessmen. They have given us self-assertion that they will not make any windfall profit by making the people hostage, said Hafiz about the traders present at the meeting.With hindsight it appears that the minister did his best to divert attention from the syndicates citing a marked difference of prices between wholesalers and retailers, and the producers and wholesalers that he suggested added to t he woes of the people. M Saifur Rahman, then the minister for finance and planning, and perhaps the most influential cabinet member of the BNP-led government, when approached with the possibility of reducing import tariffs on essential food items, told the press, it never paid off. He said the prices would flow for a short while but resume their rising turn off soon after.Instead, he suggested, the syndicates that manipulated the prices were the main reason behind the price hike and had to be dealt with decisively. But government officials deny their existence quite unconditionally despite overwhelming circumstantial facts that testify exactly the opposite. The commerce deposit was quoted in January as saying they are yet to receive any conclusive evidence on the existence of syndicates?. He went further to gain his claim asking, When the prices went up everyone was blaming syndicates.But now that they are going down how come everybody is quiet? If there was a syndicate where fore are the prices access down? He did partially admit to their existence since former ministers had claimed that syndicates exist. But the rebuff of a prominent businessman, quoted in New Ages weekend supplement Xtra on January 12, smacks of the classic mafia disclaimer. I discover about this regularly in newspapers but I have never seen one or been a part of it, says Mostafa Kamal, chairman of the Meghna Group, one of the lede importers of edible oil, powderedMilk and sugar. How, where and when are motilitys people who accuse us of syndication should answer, he said. It is assert that the Meghna Group is among the leading syndicate members in the country. Hossain. E. (2009), programmed officer of the Consumers Association of Bangladesh, echoed the wide distributed apprehension. I have attended meetings at the commerce ministry where powerful and well-known businessmen have right away threatened government officials with cutting out supply if they did not accept their chos en prices, he told Xtra.According to the Daily unity (May 18 2009), a report of the Centre for Policy Dialogue, a research organization, based on records of the National Board of Revenue, found that a punishing cartel nibed for a substantial share of the imports. The report says the top five importers have accounted for importing 96 per cent raw sugar, 46 per cent refined sugar, 67 per cent crude soybean oil, 60 per cent crude palm oil, 49 per cent wheat, 37 per cent rice, 31 per cent lentil, and 31 per cent onion of national imports till March of this fiscal year.While the report did not mention any names, a number of reports in other newspapers have foundere so. For instance, according to a report of Amar Desh (May 11, 2009) the TK Group, the Meghna Group and the City Group account for 65 per cent of edible oil imports. The next three the SA Group, the MEB Group and the Marine Group account for another 25 per cent of the imports. Quoting sources, the report says traders of D haka and Chittagong are the major importers of lentils, ginger, garlic and other essentials that come from India.It goes on to mention the names of Shathi Enterprise, sevensome Star and Banijjya Bhandar from Dhaka, Rumpa Enterprise of Bogura, Pahari Enterprise, AB Trading and Akhter Impex of Chittagong as significant market players. When the country is badly shaken by the unprecedented floods there is another alarming factorthe price hike of essentials that is slowly but very steadily engulfing the rural life of the common people. It is appalling that one kg of green chili costs you TK 200 There are no vegetables that cost you less than TK 30 per kg It also creates shortage of foods. That also increases the price of essentials.Similarly other factors such as power failure, international market price, fuel cost, power crisis, natural disaster, transportation problem, illegal toll collection, action against corruption by the caretaker Government, street vendors and illegal constructi on drive by the joint forces, lack of communication and co-ordination in between different Government officers etc factors are also responsible for new price hike in Bangladesh. By taking serious action and frame effective laws for the settlement of the middle men groups existing various trading circles and to control transplant in between law enforcing agencies and traders.By minimize the traffic jams and load shadings. By forming a strong co-ordination efforts and monitoring system, established for the cooperation, co-ordination and exchange of study in between different Government officials entrusted to check price level. By identifying syndicate groups and taking appropriate action against them. The Government can control the price. By creating awareness against corruption and establish a price list for all kinds of goods to control price hike. And by electing an honest and stable Government, the general people can solve this problem.HYPOTHESIS There are many reasons behind this young price hike in Bangladesh. But we think formation of syndicate and corruption is the main reason behind this. But international market price, fuel cost, power crisis, natural disaster, transportation problem, illegal toll collection, action against corruption by the caretaker Government, street vendors and illegal construction drive by the joint forces, lack of communication and co-ordination in between different Government officers etc are also responsible for recent price hike in Bangladesh.And the rate of this price hike is very fast. Even the military back Government was failed to solve this problem. They were not able to find the root behind this problem due to lack of appropriate monitoring system. But just the Government can solve this problem by using his intelligence agency, by introducing effective monitoring system, by improving law & order and by identifying the evil syndicate groups. But it is not a very easy job. The support of general frequent is also n eeded to solve this problem. METHODOLOGY There are two types of data in my research paper. . Primary selective information. & 2. Secondary Data Primary Data- We have composed my primary data to figure out the dismount reasons and publics reaction about recent price hike in Bangladesh by suffering a field of study on 30 general people. To do that survey first we had prepared some marvels and some fitted answer against each incredulity. After that we went out for general people to conduct our survey. The shopkeepers, doctors, teachers, tailors, chemists, retired peoples, servants, family unitwives and students were the people who were participate in our survey.We have had some difficulties to conduct our survey. We had very little time to conduct this survey. Within this short period of time we had to find 30 peoples of different classes. People of all class were combat-ready in our survey. Some of them did not know hoe to write and read. We had to read and translated my q uestion for them. After knowing there answers we filled the answers for them. Thus we entire our survey to get our primary data. Secondary Data- We have collected my secondary data mostly from different websites such as www. vjel. org, www. unnayan. rg etc, different newspaper such as The daily star, The New Age etc, and from different magazines. DATA PRESENTATION CAPTION A survey has been taken of 30 people for the topic of The main reasons and publics reaction about recent price hike in Bangladesh. Question No. option A Option B Option C Option D 1 63% 40% 0% 6. 67% 2 48. 67% 23. 33% 20% * 3 83. 33% 3. 33% 13. 33% * 4 43. 33% 43. 33% 13. 33% * 5 20% 63. 33% 16. 67% * 6 30% 30% 46. 67% * 7 53% 16. 67% 10% * 8 3. 33% 16. 67% 46. 67% 26. 67% 9 13. 33% 26. 67% 50% * 10 36. 7% 30% 26. 67% * 11 53% 10% 26. 67% * 12 66. 67% 20% 3. 33% * 13 46. 67% 10% 33. 33% 16. 67% 14 10% 53% 0% 46. 67% 15 36. 67% 46. 67% 23. 33% * TABLE THE SURVEY RESULT DATA ANALYSIS of late we have do a survey for about 30 people to find the main reasons behind this recent price hike in Bangladesh. For this survey we prepared a set of question consisting of 16 questions. According to Our survey here we analysis some of the important questions from my questioner. Question No 1 A B C D What do you think aboutthe main reason behindthis recent price hike? Formation of Syndicates Corruption Extortion Taking bribe from traders Chart 1 The survey result of question no 1 Question No 2 A B C Do you thinkthereis any Syndicate groupsinvolved in price hike? Yes, because the governmentCant control the price. No, there is no syndicate groups exist May be, not sure Chart 2 The survey result of question no 2 According to my survey, in retort of my first question 63% people said formation of Syndicates is the main reason behind this recent price hike. While 40% people said corruption is the main reason behind this.In reply of my second question 83. 33% people said syndicate groups are involved in price hike because the government can? t control the price. In my survey most of the people think the syndicate groups are mainly responsible for this problem. These syndicate groups controlling the price by hoarding. Hoarding by businesses has been widely blamed by many as being main perpetrator behind the current crisis. Indeed, if we let aside moral issues, hoarding markets everlasting(a) economic sense to businesses and that is why they build up stocks to make puffyger profits.For example suppose the current market price of a NOKIA 1202 wandering phone is TK 1800. Now let us assume that for some unmapped reasons, the price of the same brand mobile is expected or any mobile phone dealer in the market sell NOKIA 1202 at the lower price now or wait to sell at the higher price a month later? What would happen to the current market price of NOKIA 1202, if most dealers hold off selling? This is exactly how inflationary expectation, expectation about future price hike, leads to hoarding, creates shortage, raises current market price and, finally, brings larger profits for businesses. From the above analysis we conclude that the syndicate groups are nothing but a well-known business farms, die hard by well-known business man. But the syndicates, for all their collusion, manipulation and public denial, are not entirely responsible for the price hike. There are other related factors some of which are compelling, even more than syndication. To bring down with, production costs have risen and So have the prices. But it gives an impression that the farmers are linked to the market and thereby benefit from the price rises at the consumer end. That is hardly the case.They are paid the bare minimum below which the farmers cannot afford to cultivate crops the next year. And prices at their end have increased only marginally over the years. The real value addition (pun intended) to plain produce begins with the middlemen who buy from farmers. Along the supply chain there a re warehouses, wholesalers, retailers and micro-retailers often with several more layers of middlemen sandwiched among them. Reports in the media indicate that prices, especially those of vegetables, estimate by up to 500 per cent between the farmer and the end-consumer.That is how the link also controlling the market price. And the Government is not able to identify them, catch them, and even control them. Even the Government has blamed international market price hike of essential commodities as being responsible for high domestic prices to cover their failure. The Government has failed to solve this problem due to the corrupted Government officers and corrupted law enforcing agencies. They are not unforced to monitor the market price. They are just willing to take bribe.Again lack of communication and co-ordination in between different Government officers and lack of communication system in between different Upozela and districts head quarters with the capital is also responsib le for this recent price hike. Question No 3 A B C Which political factors are responsible for price hike? Blockade and strike Corruption of so called political leaders Conflict between political parties Chart 3 The survey result of question no 3 According to my survey, in reply of my third question, 63. 33% of people said corruption of so called political leaders is the main political factor behind this price hike.And only A B 20% of people said blockade and strike is responsible for this. Political leaders are not actually political leaders. rattling they are political business man. They invest there cash to own the party nomination and also own the election. Actually they bought there focalise in Parliament. After wining the election they start to gain black money as much as they can. And they gain it by corruption. And thats why the price of essential commodities is increasing day by day. This political dont care about the general people, they just care about themselves. Eve n they dont know how uch black money they have gained by corruption. The current anti-corruption drive by the Caretaker Government clearly shows the statistic how much black money they have gained through corruption. Thats why the corruption of so called political leaders also responsible for recent price hikes. Question No 4 A B C D What Bribe & illegal Traffic Power failures Lackof structural&institutional constraints are mainlyresponsible for thisrecent price hike? toll collection over-crowding storage capacity Chart 4 The survey result of question no 4According to my survey, in reply of my forth question 46. 67% people said bribe and illegal toll collection is the main structural & institutional constraints that are mainly responsible for this recent price hike. And 33. 33% people said power failure is also responsible for this problem. But I think this both factors are equally responsible for this problem The illegal practices of bribes toll collections and associati ons greatly influence in ski lift the price of essential commodities. The traders has to paid toll and bribe at each entering point of a town.And this increases the transportation cost of goods. As a result the price is increases. And the Government has failed to stop this because of the involvement of corrupted law enforcing officers. While the Scarcity increases the opportunity cost of any service and provides opportunities for corruption. The stabbing shortage of generation capacity and its consequent effects frequent load-shedding, low voltage and low frequency on different economic sectors, as well as on essential services such as water supply, hospitals, and telecommunications, have opened up doors for many types of corruption.That is also responsible for this recent price hike. Why that is happening? Because of the corruption of the employee of DESA and PDB. According to the hydrofoil International Bangladesh (2006), ? A Ledger Keeper in DESA, a very low level employee, became the envy of many when he purchased a house in a middle-income residential area of Dhaka for Tk 3. 8 trillion and an allotment in a shopping arcade. ? Many Assistant Engineers of BPDB own private cars, which they cannot afford to buy and maintain on their official salary. A particular Assistant Engineer, with close links with the Collective Bargaining Agent, comes to office in a luxury four-wheeler, while another mints money by making various interventions in the name of a minister. ? A molar concentration ratifier who was placed under suspension joined the ruling political party, got his job bank, became a CBA leader, and is now the happy owner of two houses and a shop. ? A corrupt and overweight meter reader, who employed agents to do his job and concentrated on eating instead, was transferred from Dhaka to an outstation by an over-zealous DESA officer.Fretting and fuming, the reader came to see a very senior DESA official and told him in no uncertain terms, Sir, I have b een working for 25 years in one place and nobody dared to touch me. You have not done well by transferring me. I will see how you can trend me. Sure enough, he stayed where he was, with the help of his co-operative union leaders. And due to this corruption load shading occurs frequently, as a result the price of essential goods is increasing rapidly. Question No 5 A B C Do you think natural disaster, street vendors and illegal construction drive by the joint forces are also responsible for recent price hike? Yes No Partly responsible 4 0 30 30 Chart 5 The survey result of question no 5 According to our survey, in reply of our fifth question 46. 67% people said natural disaster street vendors and illegal construction drive by the joint forces are partly responsible for recent price hike. And equal number of people said yes and no. But we think it is responsible and why? You will find your answer right now.When the countr y is badly shaken by the unprecedented floods there is another alarming factor the price hike of essentials that is slowly but very steadily engulfing the rural life of the common people. It is appalling that one kg of green chili costs you TK 200 There are no vegetables that cost you less than TK 30 per kg It also creates shortage of foods. That also increases the price of essentials. And thats why we think natural disaster is directly responsible for price hike, but the others are partly responsible. Question No 6 A B C DHow can the By taking Identifying the By improving By improving Government prerequisite steps syndicate traffic law & order control the price hike? to stop cross border smuggling of fuel and fertilizer groups congestion Chart 6 The survey result of question no 6 According to our survey, most of the people said we can able to control the price by identifying the syndicate groups and by improving law & order. If the government framed strong laws to improve the law and order we can able to identify the syndicate groups and also able to control the price of essential goods.To 4. 67 Improve this situation the personals of different law enforcing agencies should immediately be deployed in different trading centers, sea port, river ports, and land ports to check up and down of price level due to hoarding black marketing of essential food grains and other food items. Thus we can improve the current situation. Question No 7 A B C Which methods can be most applicable toreduce or improve this problem? By framing appropriate law by the Government to eliminate middle classes in trading. By introducing effectivemonitoring system. By re-introducing old rationingsystem by the Government to stable the prices Chart 7 The survey result of question no 7 According to our survey, in reply of my seventh question 46. 67% people said by introducing effective monitoring system we can able to reduce this problem. And 36. 67% people said we can solve this pr oblem by framing appropriate law to eliminate middle classes in trading. We are passing through a revolutionary communication and contract system due to the entranceway of most modern computer and mobile communication system in our country.It is now very easy for the Government to established scientific monitoring systems and cells to keep constant observation data collection and exchange of information? s about the causes up and down, price level of important food items and essential commodities. According to our survey most of the people said the rate of price hike is quite fast. And the general publics can help the Government to remove this problem. Most of the people in Bangladesh can afford to meet their family essential commodities, but they said it was very tough.Surprisingly the speed class people are also by price hike. Most of the people agree to that if laws and regulation enforced properly, it is practically possible to reduce this price hike. And the general peoples c an also play a big role to solve this problem. LIMITATION We had very little time to do that survey. If we had enough time we may go out of Dhaka to find the poorest people. We want to take the interview of the poorest people. We had also faced lots of obstacles, but after all of these obstacles finally We finished our research paper and we are quite satisfied about it.CONCLUSION Given the scenario in Bangladesh, any measure to control prices, barring one that addresses the syndicates, is bound to be band-aid-like a atomic number 42 of eyewash. That is perhaps the first area where the government should focus in its looseness 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. Other wise the price of essential commodities will increase day by day. And nobody will able to control this problem.