Bringing urban facilities to the rural areas
The government is going to undertake a project under which modern urban facilities will reach 15 villages under 15 upazilas of as many districts.
17 July 2023, 18:00 PM
Financial irregularities cost Sadharan Bima Tk 210cr
CAG audit finds
13 July 2023, 00:40 AM
BSCIC suffers Tk 25cr losses for dues
The BSCIC suffered a loss of Tk 25.32 crore in 2018-2019 and 2019-2020 as it did not realise dues related to service charges and lease money from a number of plot owners in several industrial estates, according to an audit report.
11 July 2023, 00:40 AM
Power projects rarely completed on time
Most of the projects in the power sector are not completed on time, with some seeing as much as 300 percent cost overruns, said a recent report of the Implementation Monitoring and Evaluation Division (IMED).
10 July 2023, 01:10 AM
Universal Pension: 4 schemes to be on offer
The finance ministry has prepared a draft rule for the Universal Pension Scheme (UPS) delineating four separate schemes for both local and non-resident Bangladeshis.
9 July 2023, 18:00 PM
Capacity charge is model of robbery
Says IMED in a report on the power sector
6 July 2023, 18:00 PM
Digital debacle
In 2012, the government took on a Tk 541 crore project to convert 8,500 post offices in rural areas to e-centres for the communities.
6 July 2023, 01:00 AM
Universal Pension: Govt forms Nat’l Pension Authority
The government has formed a two-member National Pension Authority (NPA) to execute the Universal Pension Scheme formulated to provide pension services for the common people.
5 July 2023, 18:00 PM
Inflation climbs to 12-year high
Average inflation in Bangladesh surpassed the government’s target for the just-concluded fiscal year by a large margin as higher prices of goods and services continue to linger for the economic crisis at home and abroad.
3 July 2023, 18:00 PM
Private sector borrowing less from abroad
The private sector’s external debt declined by about $2 billion in the first three months of the year, in a sign of the shrinking appetite for foreign loans in the face of unfavourable terms.
3 July 2023, 01:00 AM
Over Tk 13,110cr anomalies in Janata Bank
State-owned Janata Bank indulged in 31 counts of “serious financial irregularities” from 2015 to 2020 involving Tk 13,110.8 crore, which is 22.85 percent of the lender’s liabilities, found a recent audit.
2 July 2023, 01:00 AM
Irregularities rife at state-run Essential Drugs Company
On June 26, 2013, the state-owned Essential Drugs Company (EDCL) acquired a drug production machine. Let alone use it, the state-owned company did not even unbox it for the next seven years.
28 June 2023, 01:20 AM
Graft in public hospitals costs Tk 459cr in 5yrs
The government has suffered losses amounting to Tk 459 crore thanks to irregularities at different public healthcare institutions, found four different compliance audit reports.
27 June 2023, 01:00 AM
Fiscal 2022-23: Govt’s tax amnesty offer draws blank
For the first time, no one took the opportunity to whiten black money to avail the government’s tax amnesty in the outgoing fiscal year.
25 June 2023, 01:10 AM
Deposits of Bangladeshi banks, nationals with Swiss banks drop by 93.7%
Funds deposited by Bangladeshi citizens and banks with Swiss banks dropped 93.7 percent to 55.3 million Swiss francs (CHF) last year on the back of the pressure on the country’s foreign currency reserves.
23 June 2023, 01:10 AM
Eid gift for 1.25cr ultra-poor families
The government is set to distribute 10 kilograms of rice to each of the 1.25 crore ultra-poor and destitute families ahead of Eid-ul-Azha to soften the blow of a spiralling inflation.
20 June 2023, 18:00 PM
Age of low-priority projects?
Amid a cost of living crisis, providing cash support to the poor and endeavouring to tame inflation would be the logical actions. But the government is not toeing that line.
20 June 2023, 01:00 AM
Rooppur Loan Repayment: US sanctions complicate payment in yuan
The government’s bid to pay off Russia’s dues -- of about $330 million -- for the Rooppur power plant using the Chinese yuan has run into fresh complications after the last round of sanctions by the US on Russia.
18 June 2023, 01:00 AM
Universal Pension Scheme: Govt to set up an authority soon
The government is set to form the National Pension Authority (NPA) to execute the Universal Pension Scheme formulated to provide pension services for the common people.
16 June 2023, 01:10 AM
$1b in budget support arrives next week
About $1 billion in budget support is set to arrive in the next few days from three development partners to help the government meet its deficit financing for this fiscal year.
14 June 2023, 01:00 AM