Management

Staff Correspondent: The defaulted loans in the banking sector climbed by about Tk10, 954 crore to Tk1,31, 621 crore in the January-March quarter.According to Bangladesh Bank (BB) the defaulted loans increased by 9 percent from three months ago and 16 percent from a year earlier, Despite different initiative of the…

Policy Research Institute Industry Desk: According to a recent estimate by the Policy Research Institute (PRI), in the current FY2022-23, the National Board of Revenue (NBR) may face a revenue deficit of Tk54,600 crore in comparison to its set target.The revenue collection target for NBR for the current financial year…

IMF team arrives Dhaka Mahfuz Emran: As a condition of International Monetary Fund (IMF) loan, Bangladesh should have foreign exchange reserves of $24.46 billion ($2446 crore) by next June. But at the moment the reserve stands at $31.18 billion (3118 crore) and the usable reserve is $2318 million. Ahead of…

Zarif Mahmud: The Planning Commission is discouraging new projects due to financial crisis. In this regard, emphasis is being given on timely completion of ongoing projects rather than taking up new projects in the next financial year 2023-24. Not only this, it has said that in view of the resource…

Staff Correspondent: Expatriate Bangladeshis remitted 958.7 million US dollars through legal or banking channels on the occasion of Eid-ul-Fitr. In the local currency, which has an exchange rate of 107 taka per dollar, this equates to a sum of Tk 13,600 crores.In the first 21 days of April, remittances received…

Staff Correspondent: 2 crore 55 lakhs 4 thousand 300 taka toll has been collected at Padma Bridge in 24 hours, this toll is collected from 12:00 PM on Sunday to 11:59 PM on Monday.Yesterday morning, the Additional Director of Padma Setu Amirul Haider Chowdhury confirmed the matter in the media…

Mahfuja Mukul: Due to various reasons, the size of the Annual Development Program (ADP) for the next financial year 2023-24 is not increasing. Sources related to the budget said that it can be increased by only Tk 17,000 crore from the current financial year to Tk 263,000 crore.According to sources,…

Bunch of proposals given by ministries Mahfuja Mukul: Various ministries and government departments have asked to take necessary steps to stabilize inflation and currency exchange rates in the next budget to deal with the global economic crisis.It has also warned about excessive spending on subsidies. Besides, emphasis is said to…

Staff Correspondent: Due to various reasons including the duration of one year, the cost of ‘Padma multipurpose bridge construction’ project has been increased by Tk 2 thousand 412 crore 13 lakh. The cost of the last Padma Setu project was Tk 30,193.39 crore. In the new third revised proposal, the…

Mahfuja Mukul: After much recession, the economy has become stronger due to Ramadan, Pahela Baisakh and Eid. Remittances in March crossed $2 billion.On the other hand, the national and local government elections are held this year. As a result, candidates are also spending money. Due to these reasons, the flow…