Finance Minister AMA Muhit, MP, proposed the National Budget for 2016-17 FY in the National Parliament on 2nd June 2016. The size of the proposed budget is Tk. 3 Lac 40 Thousand 605 Crore, where non-development expenditure is 2 Lac 29 Thousand 900 Crore, development expenditure is Tk. 1 Lac 10 Thousand 700 Crore and total deficit is Tk. 97 Thousand 853 Crore, which is 5% of GDP. In the proposed budget, the total revenue was targeted at Tk. 2 Lac 42 Thousand 752 Crore, where NBR earnings were projected as Tk. 2 Lac 3 Thousand 152 Crore which is 35.4% higher than the corrected target of the running FY, and non-NBR earnings were projected as Tk. 39 Thousand 600 Crore. This target of revenue earnings, without any doubt, can be termed as ambitious and seems to be ‘not so easy to ...
The proposed National Budget for the fiscal 2016-17 has set an Annual Development Programme (ADP) with the original outlay of Taka 1,10,700 crore aiming to ensure a balanced development and higher growth.
In the new ADP, transport, education, power, rural development, health, and water sector have been given highest priority, reports BSS.
However, incorporation of Taka 12,645.80 crore of own financing projects from the corporations and autonomous organizations has inflated the ADP outlay to Taka 1,23,345.80 crore.
“Like previous years, we have estimated the ADP allocations while giving priority to ensuring regional parity, developing human resources and infrastructure and securing quality of
Officials of Bangladesh Bank may have been involved in a brazen theft of $81 million from its account with the New York Federal Reserve Bank in February, the head of a government-appointed panel investigating the cyber heist told reporters on Monday.
Hackers broke into the computer systems of the Bangladesh central bank and issued instructions through the SWIFT network to transfer $951 million of its deposits held at the New York Federal Reserve Bank to accounts in the Philippines and Sri Lanka.
Most of the transactions were blocked but four went through, amounting to $81 million,
The probe into the $81m (£56m) cyber-heist at the Bangladesh central bank has taken a strange turn as security researchers from BAE Systems claim to have linked the malware used in the attack to the online siege against Sony Pictures in 2014.
Many, including experts in the US government, believe the cyberattack against Sony was the work of hackers affiliated with the North Korean government. Could the reclusive nation really be involved in this latest incident?
The BAE report, titled Cyber Heist Attribution, claims what initially appeared to be an isolated attack against one bank has turned out to be larger in scope than previously thought.
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The domestic fish production in Bangladesh has been steadily growing for several years with significant impact on GDP growth and ability of the country to meet the nutritional needs of its citizens.
The country is, however, yet to start reaping the benefits from fish wastes producing an important range of byproducts using those as raw materials.
The prospect in this regard is very bright with the country presently generating almost a million tons of fish wastes annually and they are hardly used systematically for further processing, reports BSS.
Trade facilitation has emerged as the key issue for the world trading system in recent years. In November 2014, WTO members adopted a Protocol of Amendment which is a necessary step towards making the Trade Facilitation Agreement (TFA) an integral part of the WTO Agreements. TFA was successfully negotiated at the Bali Ministerial Conference in December 2013 as part of a wider set of ministerial decisions, according to the editorial of the current News Bulletin of International Chamber of Commerce-Bangladesh (ICCB) released on Thursday.
TFA will enter into force with the ratification by at least two-third of WTO members. So far, 72 countries have ratified the TFA. Since WTO members have a shared interest in facilitating
