Safety net budget to cross Tk1 lakh crore for first time
The budgetary allocation meant for the poor and vulnerable is set to go past Tk 1 lakh crore mark for the first time as the government sets aside additional funds to support the needy during the coronavirus-induced income collapse.
10 May 2021, 18:00 PM
ADP spending may expand by 14pc
The government may allocate Tk 225,324 crore to implement development projects in the next fiscal year, which is 14 per cent higher than that in the revised budget.
9 May 2021, 18:00 PM
NBR collection target may remain unchanged
The government may keep its tax collection target unchanged for the National Board of Revenue in the next fiscal year because of the devastating effect of the coronavirus pandemic on the economy.
8 May 2021, 18:00 PM
First 9 Months of This Fiscal Year: Tk 14,295cr cash, assets legalised
Undisclosed assets worth a staggering Tk 14,295 crore have been legalised in the first nine months of this fiscal year.
6 May 2021, 18:00 PM
Incentive spending on remittance may go up
The government may increase its allocation for incentive expenses for remittance in the next fiscal year as it looks to retain the surge of the flow of the cheapest source of foreign currencies for Bangladesh.
3 May 2021, 18:00 PM
Govt plans ambitious aid use target
The government plans to set an ambitious target of using foreign aid worth Tk 88,024 crore for development projects in the next fiscal year as external assistance has piled up.
29 April 2021, 18:00 PM
ADB cuts growth projection for second wave
The Asian Development Bank (ADB) has downsized its projection about the Bangladesh’s GDP growth in the current fiscal year of 2020-21, considering the second wave of Covid pandemic and fresh lockdown that restricted economic activities.
28 April 2021, 18:00 PM
GDP growth target cut again
The government has revised down the GDP growth projection to 6.1 per cent for 2020-21, the second revision this fiscal year, reflecting the devastating impacts of the second wave of the coronavirus pandemic on the battered economy.
25 April 2021, 18:00 PM
Govt to expand safety net
The government has already provided seasonal assistance to about 10 lakh people living below the poverty line and will expand such social protection programmes to curb the adverse effects of any future economic shock, according to Finance Minister AHM Mustafa Kamal.
24 April 2021, 18:00 PM
Ctg port deliveries slow amid lockdown
There has been a sharp fall in delivery of imported goods from the Chittagong port in the last six days since the countrywide lockdown was imposed on April 14 as importers are not taking the deliveries timely.
19 April 2021, 18:00 PM
ADP spending slows in Jul-Mar
The first nine months of the current fiscal year of 2020-21 saw slow implementation of the Annual Development Programme (ADP) with only 41.92 per cent of the total outlay spent till March while development spending declined 3.27 per cent year-on-year.
18 April 2021, 18:00 PM
Vaccine Purchase: WB to provide $500m more
The World Bank has agreed to provide $500 million to Bangladesh in additional financing to buy Covid-19 vaccines, but set some conditions regarding the procurement of the shots.
13 April 2021, 18:00 PM
Pandemic reversing poverty cut: WB
The Covid-19 pandemic has reversed Bangladesh’s steady trend of poverty reduction which had continued over the past two decades, according to a new report of the World Bank.
12 April 2021, 18:00 PM
Provide food, cash aid to ultra poor
Economists have suggested that the government open a hotline service through which ultra-poor people facing food crisis during “lockdown” can communicate their sufferings and the government can take prompt steps to get food to them.
11 April 2021, 18:00 PM
Corporate tax may be cut
Finance Minister AHM Mustafa Kamal yesterday indicated that the government may consider reducing corporate tax rates for listed firms in the upcoming budget.
11 April 2021, 18:00 PM
Rice stock still scarce
Despite taking aggressive measures to import rice in the last three months, the government has so far failed to replenish the country’s depleting grain stocks.
7 April 2021, 18:00 PM
IMF lifts GDP growth forecast to 5pc
The International Monetary Fund has raised its projection for the economic growth of Bangladesh to 5 per cent for 2021, up from 4.4 per cent it forecast in October.
6 April 2021, 18:00 PM
Did remittance really increase in South Asia?
World Bank in its latest twice-a-year regional update has raised question whether remittance flow in the South Asian countries has really increased.
31 March 2021, 18:00 PM
WB now sees 5.6pc GDP growth
Bangladesh’s gross domestic product (GDP) may grow by as high as 5.6 per cent in the current fiscal year, subject to three factors, said the World Bank yesterday.
31 March 2021, 18:00 PM
Suez Canal blockage may disrupt trade
Exporters and importers are apprehending prolonged delays in shipments as efforts so far have failed to dislodge a massive container vessel that continues to choke traffic in both directions along the Suez Canal.
25 March 2021, 18:00 PM