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PM receives Padma Bridge loan repayment installment

Road Transport and Bridges Minister Obaidul Quader handed over a cheque of around Tk 316.91 crore to the premier as the first installment of repaying loan taken for building Padma Bridge at a function at her official Ganabhaban residence in the capital. Prime Minister Sheikh Hasina said Bangladesh would march ahead facing any hurdle with people's support as she received first repayment installment of the Padma Bridge loan, reports BSS. "I believe we can step forward confronting any hurdle if the people stand beside us. Construction of the Padma Bridge with ...

Development projects reduce rural poverty in Bangladesh

Development projects in Bangladesh supported by the International Fund for Agricultural Development (IFAD) are making substantial progress in helping reduce rural poverty by improving agricultural productivity. Technological innovations and microenterprise development are among the key factors highlighted by a new country programme evaluation that will be presented on Sunday. The country programme’s target group includes people living in extreme and moderate poverty. Its targeting strategy starts by identifying geographic areas of poverty and then assessing household assets and needs – including food supply – in those areas. For example the haor areas in Sunamganj, and char areas in newly accreted land near sea in Noakhali, are remote and hard–to–reach inaccessible locations covered ...

A visit filled with aspiration

Indian Prime Minister Narendra Modi’s ongoing visit to Bangladesh has generated a flurry of hope on both sides of the border. Foreign minister AH Mahmud Ali feels that this visit is extremely significant where multifaceted relations between Bangladesh and India are concerned. At a press conference in Delhi too, Indian foreign Secretary S Jaishankar said, this visit of Narendra Modi is a historic one in all senses. The land boundary agreement has opened new vistas of cooperation and goodwill. The Indian prime minister is leading an 81-member delegation. The delegation includes West Bengal chief minister Mamata Banerjee, India’s national security advisor Ajit Duval and foreign secretary S Jaishankar. However, prior to Modi’s visit it was made clear that the Teesta deal would n...

Bangladesh outpaces India on Human-Development Indicators

India is richer, in terms of per-capita economic output, than its smaller neighbor, Bangladesh, and a greater proportion of Indians are connected to the Internet and have cellphones. But if you look more closely at other measures of development such as life expectancy, child survival and the proportion of girls to boys in secondary education, and Bangladesh comes out ahead. Indo-BanglaThe two countries spend the same proportion (1%) of their gross domestic product on healthcare, but India devotes more of its GDP (3%) to education tha...

CPD doubts revenue target achievement

Centre for Policy Dialogue (CPD) doubted that the lion part of the target of the revenue earnings projected in the proposed national budget for 2015-16 fiscal may not be achieved. The think-tank voiced its doubt on Friday at a media briefing organized at capital’s BRAC Centre Inn to give its formal reaction to the national budget placed in parliament on Thursday for the 20105-16 fiscal. At the briefing, economist and CPD’s distinguished fellow Debapriya Bhattachariya made their presentation on the budget. CPD executive director Mostafizur Rahman placed the welcome speech. The CPD also thinks that turning the dream the finance minister dreamt in the proposed budget of breaking free of 6 per cent GDP growth trajectory into reality would be difficult if the proposed revenue target...

Tk 2.95 trillion budget

Finance minister Abul Maal Abdul Muhith Thursday proposed Tk 2.95 trillion (Tk 2,95,100 crore) national budget with a deficit of Tk 86,657 crore in parliament. He sets the target of attaining economic growth at 7 per cent at the end of the 2015-16 fiscal. muhith-1“Our main objective in this fiscal year’s budget will be to break free of the 6 per cent growth trap, and climb up to higher growth trajectory,” the finance minister hoped while unveiling the budget in parliament. The budget of the outgoing fiscal 2014-15 was proposed at Tk 2.5...