December 08, 2022
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  • Govt to set enhanced rice output this year

    Food security concern gripped Industry Desk: The global food security concerns, sparked by the supply uncertainties, prompted the government to set enhanced rice production target in the current fiscal, mobilizing resources and extra efforts, officials said yesterday.Agricultural extension department (DAE) officials said line with Prime Minister Sheikh Hasina’s directives they…

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  • PM receives eye treatment as general patient

    Staff Correspondent: Prime Minister Sheikh Hasina yesterday had her eyes checked up like a general patient after buying a Tk 10 outdoor ticket at the National Institute of Ophthalmology and Hospital.The head of government had been to the hospital at Sher-e-Bangla Nagor at 8am. She receives eye treatment from the…

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  • Travel abroad with government money still continues

    Agriculture Ministry Golam Mostafa Jibon: At least 24 government officials want to go abroad for a project under the Ministry of Agriculture to ensure the best use of surface water in Haor area through irrigation and produce additional food grains. This is why, around Tk 2 crore has been sought.Apart…

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  • BPDB incurs losses Tk 48,000 cr a year

    Hike in bulk power tariff may reduce estimated loss by just Tk 5,000 cr Staff Correspondent: The financial loss of the state-owned Bangladesh Power Development Board (BPDB) is likely to increase by Tk 18,094 crore in one year.According to BPDB’s own latest estimates, the financial loss will cross Tk 48,000…

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  • Austerity measures hit ADP implementation

    Industry Desk: ADP implementation dipped to a seven-year low at 12.64 percent in the first four months predominantly thanks to the government’s austerity measures taken to offset the impacts of the Ukraine war.During the July-October period of 2021-22 fiscal year, ADP implementing agencies managed to post a higher 13.06 percent…

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  • Padma-Meghna division not now for cost austerity

    Staff Correspondent: The National Implementation Committee for Administrative Restructuring (NICAR) has halted the decision to name two new administrative divisions – Padma and Megha.This decision has been taken due to the government’s cost-cutting policy in the ongoing global crisis.This decision was taken in a meeting chaired by Prime Minister Sheikh…

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  • Work in advance to avert famine: PM

    Staff Correspondent: Prime Minister Sheikh Hasina yesterday asked the secretaries to take precautionary measures alongside making people aware so that the country can avert the looming famine amid the prolong global crisis caused by the coronavirus pandemic and Russia-Ukraine war.“This is not my word. It is said globally that a…

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  • BTCL makes profit after 15 consecutive years of lossing

    Staff Correspondent: Bangladesh Telecommunication Company Limited (BTCL) has overcome 15 years of continuous losses and turned around as a profitable company in the financial year 2021-22.In the financial year 2007-08, BTCL’s losses were around Tk350 crore. Before that it was about Tk500 crore. In the last financial year 2020-21, BTCL’s…

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  • BB plans to lift credit interest limit from Q3

    Industry Desk: Borrowers may have to experience expensive loans as lending rate caps are being phased out to allow banks to return to their profitability amid inflationary pressure.Bangladesh Bank (BB) plans to lift the limits on interest on credits in phases from the third quarter (Q3) of this fiscal year…

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  • Bangabandhu tunnel will contribute to economy: PM

    Staff Correspondent: Prime Minister Sheikh Hasina yesterday urged the countrymen to contribute to the development of their own areas as the government is working for the overall progress of the country.“We are working for the development of the country. All of you (countrymen) should contribute to the development of your…

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