Bank & Finance

Court Correspondent: A Dhaka court yesterdayset August 17 to submit the probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016.Dhaka Metropolitan Magistrate MdArafatulRakib fixed the date as the Criminal Investigation Department (CID) failed to present the report yesterday.On February 4, 2016, a…

Amount of claim money Tk 1413.57 cr Mahfuz Emran: According to a report, between July and September 2021, the amount of outstanding insurance claim is Tk 1413.57 crore. The general insurance companies paid 8,134 insurance claims. In contrast, 12,609 insurance claims are outstanding. At this time the amount of insurance…

Industry Report: Large companies, especially top business conglomerates, hold a strong economic power over the nation. These private business groups address many economic challenges like the issue of export diversification, productivity enhancement, and expansion of industry to create more jobs for the people of Bangladesh. In the 2017-18 fiscal year,…

Overseas employment also increasing: PM Staff Correspondent: Sheikh Hasina said Bangladesh is one of the highest receiving remittances in the world. In the fiscal year 2019-20, Bangladesh inward remittances earning was US $18.20 billion and in the fiscal year 2020-21 it increased to a record amount of US $24.8 billion.…

Mahfuz Emran: The economists have expressed their opinion to inject black money in the capital market so that the industrialization of the country could be encouraged by creating job opportunities for the unemployed youths.President of the Global Economist Forum and the Global Development Bank Dr Enayet Karim said that the…

Staff Correspondent: Senior Secretary of the Ministry of Finance Abdur Rouf Talukder has been appointed as the next governor of Bangladesh Bank (BB).Financial Institutions Department of the Ministry of Finance issued a gazette notification on Saturday appointing him for four years. He has been asked to join on July 4.He…

Dr Mohammad Farasuddin Staff Correspondent: Renowned economist, Personal Associate of Bangabandhu and former governor of Bangladesh Bank Dr Mohammad Farasuddin said the proposal to bring back the laundered money after paying tax is unethical and illegal.“The opportunity given to the money launderers to bring their money back to the country…

Collection targets Tk4,33,000 cr Minto Poddar: For the first time the revenue collection target has not been reduced in the supplementary budget, Finance Minister AHM Mustafa Kamal said.“The growth of the revenue collection till March 2022 of the current fiscal year is 19.43%. Considering this satisfactory growth of revenue collection,…

Mahfuja Mukul, Mahfuz Emran, Arun Sarker: Finance Minister AHM Mustafa Kamal has placed Tk6,78,064 crore national budget for FY2022-23 at JatiyaSangsad according top priority to safeguarding marginal people from inflation fueled by the Russia-Ukraine conflict.This is the fourth budget of the third consecutive term of the government led by Prime…

Staff Correspondent: The government has proposed to provide 30 kg of rice as food assistance to 50 lakh low-income families through OMS at an increased rate of Tk15 per kg under the new budget for the fiscal year 2022-23.“We will continue this (OMS) programme in the FY2022-2023. In the lean…