Evaluation of the book

DEFAULT LOAN CULTURE

Written by M S Siddiqui, Part Time Lecturer of Leading University

The book “Default Loan Culture” is based on study or Research Paper of M S Siddiqui, a Lecturer of Leading University, Dhaka Campus and a businessman is working with a different approach. The book has visible sign of experience of a businessman and research of a teacher. It is a first ever research on Management of Non Performing Loan in Bangladesh. Most of the research in Bangladesh to find the reasons of Default Loan and conclude by suggesting a simple solution of recovering default loan by enacting more strong law.

The finding of study that there is no law for proper utilization of Non Performing Loan (NPL) of Bank and management process of NPL like other countries.

All the laws and rules are related to recovery of loan has been evaluated with reference to laws and rules of other countries.

The book has references of many good decisions of past but the question may arises why those decisions were not implemented. There were a number of commissions to find the reasons of default loan and recommendation of some way out of the problem. Those are seems in the file of the different departments of the Government. They writer has given due reference to those papers and those should be implemented immediately.

The book starts with history of Small and Medium Enterprises and history of Industrialization from British period. The writer has analysis of Import policy and evaluated the five year plans of Bangladesh since 1972 particularly the policy and guide line of Industrialization of Bangladesh.

The book more on solution of Default loan rather than trying to find the reason of default. We need immediate solution of problem not only blaming some one for the crisis.

The book forwarded by noted economist Dr Abul Barkat, Professor of Dhaka University of Economic Department. According to him the study provides an analysis in to various

high utility dimensions pertaining the Industrial Sickness of SMEs. The author’s treatment of the subject is logically well-knitted. The recommendations forwarded towards rehabilitation of sick industries in both Bangladesh and India should of high interest to the relevant policy makers. The experience of both China and Japan towards changing pertinent laws to address sick industries should also be treated as positive learning issues.

The import part of the study is classification of defaulters to solve the issue has been evaluated nicely and need to note by our policy makers. The writer has shown courage to tell some of the truth about different decisions un-implemented, weakness of existing laws and eye opening suggestions to solve the issue.

The cover looks attractive and printing quality seems reasonably acceptable with some printing mistakes.

The relevant authority and researcher will find new dimension of the issue in the book.

This is an eye opener for Policy makers in Bangladesh to understand why we cannot overcome the problem.

The price of the book is Tk 200 for pages about 150 pages but worthy considering many new information and study. The available in some book stall in the country and also with writer at 15 New Baily Road, Dhaka-1000.

We expect wide circulation of the book.