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Economy

SBAC Bank inaugurates its Sub-branch at Fakirhat in Bagerhat

  South Bangla Agriculture & Commerce (SBAC) Bank Limited opened its Sub-Branch at Fakirhat in Bagerhat. Mr M. Shamsul Arefin, Additional Managing Director of SBAC Bank, inaugurated the Sub-branch on Wednesday March 30, 2022. While, Mrs Shirin Aktar Kislu, Chairman of Fakirhat Union Parishad, Principal Md. Abdul Mannan & Mr Md. Shahidul Islam, Attaki Ward Member, was present at the ceremony as a special guest. Mr Md. Sajedul Alam Khan, SVP & Manage...

Bangladesh budget 2021-22 at a glance

Size of budget: Tk 6.03 trillion (603,681 crore) Revenue collection: Tk 3.89 trillion (389,000 crore) Deficit: Tk 2.14 trillion (214,681 crore) – 6.2 per cent of GDP Annual Development Programme: Tk 2.25 trillion (225,328 crore) GPD target: 7.2 per cent Inflation: 5.3 per cent Tax-free income limit: An annual income of Tk 300,000 Covid-19 response:  Tk 100 billion (10,000 crore) fund To meet the deficit: Tk 1.01 trillion (101,228 crore) will come from foreign sources and Tk 1.11 trillion (113,452 crore) from internal sour...

Agricultural System

According to economic survey 2019-20 Bangladesh has a population of 1125 people per square kilometer, making it one of the most densely populated countries in the world with only a few hectares of arable land per capita. The amount of cultivable land is decreasing day by day as a result of continuous population growth, writes Makama Mahmud Chowdhury

 

We get up in the morning to cultivate the soil,

Golden stick of ripe paddy grows by our toil...

BD both battling pandemic and economic fallout

Bangladesh recorded one of the fastest growth rates in the world in the past few years with a stable economic performance that has helped to reduce poverty and social inequalities, said ICC Bangladesh President Mahbubur Rahman while presenting the Executive Board at the ICC Bangladesh  25th Annual  Council held virtually on 14 December.  Quoting ILO Report, Mahbubur Rahman said that  Bangladesh is now faced with battling both the pandemic and its economic fallout. In such a situation economic risks are not only limited to short term, but also

SMEs’ contribution to industrial employment over 80pc

More than 98 percent of the total business enterprises in Bangladesh are SMEs and their contribution is 80 to 85 percent in the country’s industrial employment, according to a research. According to the research, among the SME enterprises, over 84 percent SMEs are located in villages while more than 80 percent are cottage industries, reports BSS. SME Foundation conducted the research, titled ‘Development of SMEs in Bangladesh: Lessons from German Experiences’. The study was supported by the German organization Friedrich-Ebert-Stiftung (FES) Bangladesh. Prime Minis...

New banknote of Tk 10

Bangladesh Bank (BB) today released new banknote of Taka 10 incorporating advanced security features of the currency with an aim to prevent fake notes. Now, the new banknotes are available at the head office of Bangladesh Bank in Motijheel area of the capital, reports BSS. Other branches of the central bank would gradually issue the new banknotes. The measurement of the new banknote is 123 X 60 millimetres and it contains the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.