Browse Category

Economy

7 mega projects to get Tk 29,675cr in FY19

Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects, reports BSS. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury told BSS. The mega projects are Padma Multipurpose Bridge, Padma Bridge Rail link, Dohazari-Cox’s Mega Projects

New instructions for existing bank credit

Bangladesh Bank (BB) on Wednesday issued new instructions for banks to avoid the increasing trend of lending rate. “Banks can’t increase the rate of interest if the rate is fixed. In case of flexible, variable or bbfloating interest rate, banks can increase the rate once in a year,” said a BB circular issued Wednesday. For increasing the interest rate, the circular said, banks will have to issue notice to the borrowers at least three months ago. In case of term loans, banks can increase the lending rate by 0.50 percent each time. But,...

Eid notes from June 3

Bangladesh Bank (BB) will release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3. The new notes will be distributed from all branches of Bangladesh Bank across the country every day until June 14, said a press release here today. call moneyThe new notes distribution will remain closed in the government holidays, the release added. The notes will also be distributed from Jatrabari Branch of the National Bank, Abdul Ghoni Road Corporate Branch of the Janata Bank, Elep...

52.42 pc ADP implementation in 10 months

The implementation rate of the Annual Development Programme (ADP) during the July-April period of the current fiscal year reached 52.42 percent with an overall expenditure of Taka 82,603 crore. The ADP implementation rate during the July-April period of the last fiscal year (FY17) was 54.56 percent with an overall expenditure of Taka 65,083 crore, according to the latest women in BDstatistics provided by the Implementation Monitoring and Evaluation Division (IMED) of the Ministry of Planning, Reports BSS. The IM...

Transparency, accountability in public fund management

Increase of tax collection, fund allocation and ensuring transparency and accountability in public fund management, poverty alleviation, reducing the income disparity should get most priority in the upcoming national budget. According to World Health Organization’s report 52 lakhs peoples are living under poverty line in the country who do not have access to   proper health care service. So, sufficient amount of budget must be allocated for health sector for providing maximum health service to the rural poor and hard core poor people of the country, so that they could fully engage in economic main stream activities-speakers told at a seminar in the city on Saturday.

Bangladeshi maids on the run from Saudi

The crowds wait outside the arrivals terminal at Shahjalal International airport as dozens of taxi drivers line the streets looking for business. Armies of beggars plead for attention from passersby, while passengers leave the arrivals hall carrying flat-screen TVs or oversized boxes wrapped in cling-film. A group of women appear amid the constant stream of people. Dressed in an array of colours, they pull their suitcases, looking for their loved ones. Khaleda Akhter, 28, has just spent months inside a Bangladeshi-run safe house in Saudi Arabia, ...