Bank & Finance
Bank & Finance
Govt sets 7.5pc GDP growth target for FY23
Staff Correspondent: The government has fixed a 7.5 percent GDP growth target for the fiscal year 2022-23. Finance Minister AHM Mostafa Kamal said this while presenting a proposed budget of Tk 6,78,064 crore for FY 2022-23 in Jatiya Sangsad on Thursday. He said, “We hope a 7.24 percent GDP growth…
Read More »Tk 2.45 lakh cr deficit in budget 2022-23
Staff Correspand: The amount of deficit in the proposed budget for the fiscal year 2022-23 will stand at Tk 2,45,064 crore which accounts for 5.5 percent of the country’s total GDP. The deficit will be met from domestic and foreign sources, Finance Minister said this while placing a proposed budget…
Read More »Value of taka against US$ decreases further
Staff Correspondent: The value of taka has decreased further against the US dollar in the country. The exchange rate was Tk 91.50 against per dollar after decreasing by Tk 1.60 on Monday. The exchange rate of each dollar on Tuesday was Tk 91.95 after declining by Tk 0.45.The information was…
Read More »Microcredit plays vital role to create employment: Governor
Staff Correspondent:Bangladesh Bank Governor Fazle Kabir has said microcredit and other microfinance play a vital role towards generating employment and sustainable development in the country.In addition to contributing to the economy, microcredit has become an important part of upholding the trend of elevating the country’s GDP.The governor was addressing a…
Read More »Reduce reliance on imports for self-sufficient economy
Says former BB governor Farashuddin Staff Correspondent: Former Bangladesh Bank governor Mohammed Farashuddin thinks the next national budget should focus on efforts to build a self-sufficient economy by reducing dependency on imports.Imports grew by 6.8 percent to $58 billion compared to the last fiscal year in the first nine months…
Read More »Remittance inflow decreases by 13pc in May
Staff Correspondent: Remittance sent by expatriates has decreased by 13% in May as compared to the same month of last year.In May of the current financial year, expatriates sent $1.88 billion in remittances to the country. However, it was $2.17 billion during the same period of last fiscal.The country received…
Read More »Subsidy pressure rises on next budget
Govt bank loan dependency increases Golam Mostafa Jibon: The pressure of subsidy is going to increase in the next budget breaking all the record of previous period.Sources said, the Russia-Ukraine war has shaken the world economy in the post corona situation. Almost all the countries in the globe are in…
Read More »Black money to legalize in next budget
Economists term it ‘budget capture’ Industry Desk: Laundered money and assets abroad can be legalized by paying 10 per cent and 15 per cent tax respectively without questioning by any government agencies.The government is going to introduce such special opportunities in a bid to bring back laundered money in the…
Read More »Dollar demand low in kerb market
Staff Correspondent: The price of dollar has seen a minimal decrease of 20-30 paisa with the US currency being traded for Tk96.50 in the kerb market yesterday.On Monday (30 May), the price of the dollar was almost the same around Tk96.70. However, the rate of dollar varied in money exchange…
Read More »Mobile App ‘Machhgari’ for fish transporting introduced in BD
Staff Correspondent: An observation meeting on the mobile application ‘Machhgari’ for fish transportation being implemented by Worldfish under the USAID-funded Feed the Future Bangladesh Aquaculture and Nutrition Activity project was held at the Ministry of Fisheries and Livestock on Tuesday (May 31, 2022).Secretary of the Ministry of Fisheries and Livestock…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
