In its assessment of the proposed national budget for fiscal 2014-15, Unnayan Onneshan , an independent multidisciplinary think-tank, has said that the government’s fiscal measures may fall short to accelerate the economy to achieve the targeted 7.3 percent GDP growth.
Finance Minister AMA Muhith on Thursday placed in Parliament the Tk 250,506 crore national budget eying 7.3 percent GDP growth with a high hope that this budget will provide necessary guidelines for accomplishing the planned activities of the government.
Stating that the budget is ‘long on targets, short on realities’ in achieving goals, the Unnayan Onneshan said that the share of investment to GDP needs to rise at 34.24 percent in FY 2014-15 in order to achieve the proposed rate of growth of 7.3 percent if the incr...
China is expecting a positive outcome on its discussions with Bangladesh during Prime Minister Sheikh Hasina’s China visit over a deep seaport at Sonadia in Cox’s Bazar, said its Ambassador Li Jun here on Thursday.
“We’re expecting a positive outcome,” he told a select group of reporters at his office prior to his departure for Beijing mentioning that negotiation is still going on the matter.
Responding to a question, Li Jun said China is open for consortium to build the deep seaport and open to countries and companies, including India for...
Bangladesh's grain imports are likely to rise 22 percent to 1.1 million tonnes in the financial year beginning in July, the head of the state grains buyer said on Wednesday.
The state grains purchasing agency will import 900,000 tonnes of wheat and 200,000 tonnes of rice in the 2014/15 year to ensure food security, said Ahmed Hossain Khan at the Directorate General of Food.
In addition, the government will procure 1.5 million tonnes of rice locally.
"This target has been set for the coming fiscal year but it may be changed depending on the food situatio...
Finance Minister AMA Muhith will announce the annul budget for the fiscal year 2014-15 (FY15) tomorrow (Thursday) at Jatiya Sangsad at 3:30 pm.
This will be the country’s 43
rd budget and the 15
th budget of the Awami League government while the 8
th for Muhith.
Following is the chronology of Bangladesh budgets since independence in 1971. The information has been collected from various sources including the budget documents of the Ministry of Finance. The amount is in crore of Taka (Tk).
Fisc...
Bangladesh has been elected a deputy member of the governing body of the International Labour Organization (ILO) for the period of 2014-2017 after a gap of three years.
The election is the recognition of Bangladesh\’s close working relations with the ILO, which has been further intensified in the
aftermath of the Rana Plaza tragedy towards far-reaching labour sector reform, especially in the RMG sector, reports BSS.
ILO is providing technical assistance to Bangladesh under its flagship Better Work Programme, aimed at further promoting collective bargainin...
Japan is planning to roll out new anti-fraud measures to ensure accountability within its foreign aid operation, after bribery allegations rocked three of its country programs earlier this year, Devex has confirmed.
The anti-bribery mechanism will be rolled out in Vietnam first before potential adoption in Indonesia and Uzbekistan — the three countries where a private contractor has been accused of paying local officials roughly $780,000 to win development projects.
An official with Japan’s Ministry of Foreign Affairs clar...
