May 21, 2024
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  • Fiscal deficit stands at over $9 billion

    Mahfuz Emran: Despite various initiatives to control imports, the dollar situation is not improving. The deficit in foreign exchange financing continues to increase. In the 9 months till March of the current financial year, the deficit was $9.26 billion.It was only $2.93 billion in the same period of last financial…

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  • Combating inflation getting top priority

    Budget for FY 2024-25 Syed Nasir Hossain: Prime Minister Sheikh Hasina has directed to take necessary measures to control inflation in the budget of the next financial year 2024-2025, said State Minister for Finance Wasika Ayesha Khan.The state minister said that the number of beneficiaries of the social security program…

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  • $3 b required to payoff PDB liabilities

    Current fiscal year Mahfuja Mukul: Foreign exchange reserves are rapidly depleting. Net reserves fell to $13 billion yesterday. Meanwhile, the dollar crisis is disrupting coal imports. Various power plants often sit in the coal and gas crisis. Load shedding is going on nationwide. Apart from this, loan installments of various…

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  • Income falls short of rising living costs

    Mahfuja Mukul: Shafiq drives a rickshaw in Uttara of the capital. He earns about Tk 700 per day. A few months ago, the income was a little less. Some days Tk 500 and some days Tk 600. However, even though his income has increased a little, his lack has not…

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  • Social media addiction put boys out of performence

    Progress in education Farhad Chowdhury: It is observed in the recent years that the boys lag behind than girls in results of secondary and higher exams. The unemployment rate of male students has also increased as usual.In the very recently published results of this year’s SSC and equivalent exams, girls…

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  • Foreign debt increases by Tk 3,500cr in a day

    Taka devalued by 7.27 pc Zarif Mahmud: Due to the devaluation of the taka against the dollar, the foreign debt has increased by more than Tk 3,500 crore in a single day. Compared to December 2022, foreign debt increased by $4.2 billion last March. Before the devaluation of the taka…

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  • Bangladesh to renew passports for 69,000 Rohingyas in KSA

    Staff Correspondent: The Saudi government has urged the renewal of passports of 69,000 Rohingya citizens who went to Saudi Arabia from Bangladesh after the country’s independence.In this regard, a delegation led by the Deputy Interior Minister of Saudi Arabia held bilateral discussions with the Home Minister of Bangladesh.A bilateral meeting…

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  • Half of foreign aid will spend for interest pay

    Zarif Mahmud: Foreign loan assistance provides a large part of Bangladesh’s development expenditure. The government’s expenditure on interest and principal repayment of this loan is now gradually increasing. According to the Economic Relations Department (ERD), various countries and donor agencies have waived $ 5.63 billion in the first three quarters…

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  • IMF loan makes life miserable

    Farhad Chowdhury: In order to implement the International Monetary Fund (IMF) conditions, the government increased the dollar, loan interest rates, gas, electricity and fertilizer prices. The prices of various goods and services including public transport have increased uncontrollably due to their influence. Subsidies have been reduced in various sectors. As…

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  • Increasing dollar price by Tk 7 not a positive sign

    Staff Correspondent: Businessmen and economists do not see the increase in the dollar price by Tk 7 as a positive thing. They say that just as there is no upside to holding back the dollar market, there is no justification for raising prices too much at once.They are of the…

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