British colonialism in India
In the 1700s much of India was divided into individual principalities and different empires. Following the British victory at the Battle of Plassey, some Indian princes were removed from their positions of power by the East India Company’s private army. This army was largely made up of Indian soldiers called sepoys. Image by 0fjd125gk87 from Pixabay However, other Indian princes kept their positions if they promised to support the East India Company and favour British interests. Some ordinary Indians turned British control to their financial…
Inflation is stealing your money
/> Designed by Starline Inflation is officially defined as a sustained increase in the general level of prices for goods and services in an economy over a period of time. In layman's terms, it means that the value of your money is going down over time. As prices go up, every money you have in your wallet or bank account buys you less and less. Inflation also creates uncertainty and instability in the economy. It makes it harder for businesses and individuals to plan for the future. Inflation has been a problem in the wor…
Fuel price cut made stock prices higher
Stocks in the Dhaka and Chittagong Stock Exchanges continued their bull run yesterday on the back of a marginal but lower fuel price. On Monday, the government cut fuel prices by Rs 5 per liter in line with the National Board of Revenue's cut in import duty on diesel by 11.25 percentage points. As of yesterday, the retail price of diesel and kerosene stood at BDT 109, petrol at BDT 125 and octane at BDT 130. The price adjustment comes 23 days after the government hiked record fuel prices from 42.5 to 42.7 percent. As a result, the Dhaka St…
The Rise of US Dollar
More than 61% of all foreign bank reserves in 2019 are held in US dollars. Dollar is the thing which made the economy of the US so strong. But how did this happen? How did the US dollar become the global reserve currency? After World War II, 44 allied countries came to an agreement and created the Bretton Woods agreement in New Hampshire for the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference. The goal was to fix the exchange rate of all foreign currencies to the U.S. dollar, where the U.…
Bangladesh to buy oil from Russia
/> A ccording to UNB, Bangladesh will be buying oil through through third country and not from Russia to avoid the Potential commercial risks. Bangladesh prefers India as the third country to buy oil from Russia. An energy ministry official told the news agency on condition of anonymity that India is currently importing oil from Russia despite the US ban. Dhaka has a long-term agreement with Delhi to buy refined oil from the Numaligarh oil refinery in the Indian state of Assam. The possibility of importing petroleum fuel fro…
Is Investing in Oil a Good Idea Now?
Introduction: Should you invest in oil now to take advantage of the recent rise in prices? Oil prices have been on the rise recently, and this has led to a number of investors wondering whether they should invest in oil now to take advantage of the recent rise in prices. The answer to this question depends on a number of factors, but before you make your decision, you need to understand what you are investing in. These factors include: What is the price per barrel? How much does it cost for a company to produce one barrel? What is the dem…
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“A single shelf of a good European library was worth the whole native literature of India and Arabia.” - Thomas Macaulay
Thomas Babington Macaulay is said to be the father of education of the Indian subcontinent. He wanted to create a pool of Indians who would be able to serve British interests and be loyal to them. This class would be “Indian in blood and colour, but English in tastes, in opinions, in morals and in intellect.” Macaulay wanted the government to spend money only on imparting western education and not on oriental education. He advocated the shutting down of all colleges where only eastern philosophy and subjects were taught. He wrote in his book…
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