Second one is very age old or left over colonial laws and legal system for ruling the people.
Due to which Billions of hard earned money of common people are spent in conducting huge number suit like as 37.00 Lac ( Thirty Seven Lac ) till may, 2019. in the court which may not be settled even in life time nor have any certainty of any relief .

NOW THE QUESTION WHO ARE DIRECT BENEFICIERIES ?

Contesting parties are compelled to spend billions of Dollar in addition to valuable times of their active life, year after year although more then 35 % people are living below the poverty line…

ARE THESE PRODUCTIVE ACTIVITIES ?

Why these colonial laws and legal system are not changed ?

Experienced Peoples are in opinion that Bangladesh can not face the track of advancement of science and technology like other Asian Countries nearby Bangladesh
Even Bangladesh will not be able to dream the face of digital world with existing colonial laws and legal system.

The experienced persons are in opinion that the present legal systems and procedures have no rule in productive activities to change the fate of people or the poverty of the country rather helping the rent seeking or interest seeking process from the grass root level .

Third point which is most significant and important are the lack of accountability in every stage of life for people or Government Personal / Officials which will encourage the growth of terrorism .

Now it has became imperative to reform / replace the concerned ministry & commission / body consisting of expert of political sciences / social welfares , expert of relevant subjects of science and technology. like medicine, engineering, agricultural sciences , information technology , telecommunications sciences , business and commerce etc ?

wouldn’t a “smaller stockpile of reserves” on the part of the Chinese be an obstacle in their investing in US assets, particularly treasuries which in part funds rescue initiatives?

What doesn’t go in Chinese pockets doesn’t necessarily line the pockets of its rivals?

Here’s the link to the story on the UN panel pushing for a new global reserve currency:

http://www.breitbart.com/article.php?id=CNG.18e9e5692442aa61d7510553b5ffc14e.8b1&show_article=1

One way to look at the recent statements of Russian, Chinese and UN leaders touting the SRC is that they are all jockeying for position and bidding for stronger, lead roles in the upcoming G20 summit on April 2. And well that may be. But there’s much more to this in my opinion.

Due specifically to this global crisis, the U.S. financial system, the dollar, the US’ favored ideologies, and the negotiating position itself of the U.S. have all been severely undermined, in the view of the bulk of the rest of the world. Fact is, the U.S. doesn’t rule the policy roost anymore, though it still talks tough and makes threats. But it can’t deliver on those threats. Witness the recent U.S. bailout of China on its Treasuries holdings, discussed here in another thread.

In the run-up to the G20 summit, powers like BRIC and the UN are encircling the U.S., intent on capitalizing on the current crisis. They may not get all they want, as quickly as they want it, but they’re driving down toward the hoop and signaling to the U.S. that negotiations will be very tough going for the U.S. side.

It doesn’t matter whether or not the U.S. side realizes how weakened its position has become. What matters is that the rest of the world knows it, and intends to ‘work it’ to their strategic AND tactical advantage with respect to reforming the current global financial and monetary orders. Some powers are signaling they don’t want a nasty public fight (like Brazil), but that they nonetheless (quietly) support the move away from sole international reliance upon the dollar.

Conditions are ripe for some really substantive international reforms, much quicker than most people realize. However, I would be surprised if the G20 summit itself results in a truly dramatic, public announcement of such. I think most of the real reform will be taking place less ostentatiously, but I think the G20 summit’s big accomplishment may be to help gel the thinking, strategies, determination and urgency of the participants who favor a new SRC. If, as I suspect, the G20 does result in producing a united front against the old dollar-centric order, then things can happen quite fast after that.

The U.S. side and the dollar are at significant risk here. No longer is this a case of the ‘colossal giant’ (U.S.) being challenged by pitiful ‘little people’. The colossal giant is greatly weakened by this crisis, and the little people aren’t so little anymore by comparison. If there’s a united front, then the playing field is being leveled, or even tilted in favor of the emerging powers.