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Ecnec okays 2 projects for 4 lac new power connections  

The Executive Committee of the National Economic Council (ECNEC) yesterday approved the expansion of two rural electrification projects aimed at providing power connections for some four lakh new clients. The electrification projects will cover 11 districts in Barisal and Khulna Divisions, which would require a total cost of Taka 1,834 crore. The districts are Jhalkati, Patuakhali, Pirojpur, Bagerhat, Jessore, Jhenidah, Khulna, Kushtia, Magura, Meherpur and Satkhira. ecnecThe approval came from an ECNEC meeting held at the NEC conference room...

Exports to US shrink by 6pc in July-Nov  

Bangladesh-rmg-workerA file photo shows employees are busy in a garment factory in Dhaka. The country’s export earnings from the US market posted negative growth in the first five months of the current financial year 2014-15 while export to China and India registered a modest growth in the period. — New Age photo A file photo shows employees are busy in a garment factory in Dhaka. The country’s export earnings from the US market posted negative growth in the first five months of the current financial year 2014-15 whil...

Inflation hits two-year low

Inflation continued its fall in November, coming down to 6.21 percent—the lowest in 24 months. The inflation rate, which has been showing a downward trend for the last several months, was 6.60 percent in October. In October 2012, inflation was 5.16 percent, which rose to 6.55 percent in November the same year. Food inflation was the biggest driver behind the drop in overall inflation last month, sliding to 6.44 percent from 7.16 percent in October, according to the Bangladesh Bureau of Statistics (BBS) data. inflation-hitsNon-f...

Coastal Bangladesh turns too salty for salt-tolerant rice

As the sea keeps rising due to climate change and affecting coastal Bangladesh, turning the soil and groundwater saline, scientists have been breeding salt tolerant varieties of rice, the main crop in the region. But the sea keeps coming in and turning everything more and more saline, well beyond the point that salt tolerant rice varieties can tolerate. pariza rice panicleThe latest salt tolerant rice variety – that the scientists released among Bangladeshi farmers as recently as November 20 – can tolerate a salinity of up...

Mobile banking to promote countryside growth in Bangladesh

In Bangladesh, less than a quarter of the impoverished country’s 153 million people are using the normal banking system in their monetary transactions. But things are changing across Bangladesh with an easy and safe way to send or receive money through the mobile banking system. Mobile banking is not only boosting financial inclusion but also helps accelerate the country’s economy, especially in rural areas where 70 percent of the population lives. mobiledeviceIt is not an exaggeration to say the Bangladesh Bank-regulated mobile fi...

Exports bounce back in Nov after two months of falls

Bangladesh exports rose 9.27 per cent in November from a year earlier to $2.4 billion, driven by an increase in garment exports and ending two straight months of declines, government data showed on Monday. export-importExports from July to November, the first five months of the financial year, inched up 0.92 per cent to $12 billion from a year earlier, the Export Promotion Bureau said. Readymade garments, comprising knitwear and woven items, fetched $9.69 billion in July-November, compared with $9.65 billion in the same period a y...
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