Zarif Mahmud: Even during the financial crisis, commercial banks are increasing the disbursement of loans to the industrial sector. But most of those loans are not being recovered. As a result, it is defaulting. Defaults in…

Festive mood during recession economy

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.…

Dhaka, Tokyo likely to sign 8-10 deals, MoUs

Diplomatic Correspondent: Bangladesh and Japan are likely to sign 8-10 agreements and MoUs during Prime Minister Sheikh Hasina’s upcoming visit to Japan as the two countries are willing to take the bilateral relations to a new…

Gulistan underground market declared risky

Staff Correspondent: Gulistan underground market in the capital has been declared risky to fire incidents.Fire service and civil defense department made the announcement after visiting the market place yesterday.Fire Service’s Dhaka District Zone-1 Deputy Assistant Director…

Rajshahi Indian Center issuing visa fastest time

Md.Shahin Sagor, Rajshahi: Indian Visa Application Centers have seen huge crowd for shopping, health check-up, medical and tourist visa seekers. As Darshana, Sona Masjid and Gede land ports have opened for passengers, visa center officials have…

60 pc of Dhaka’s Eidholidaymakers to goby road: SCRF

Staff Correspondent: About 1.5 crore people are expected to leave Dhaka including Dhaka North, Dhaka South, Gazipur and Narayanganj city corporations during Eid-ul-Fitr.Sixty percent of them will go by road and the rest by waterways and…

Living cost doubled in 6-yrs

Income also doubled by Tk 32,422 monthly Staff Correspondent: The average monthly expenditure of a householder (family) in the country is Tk 31,500. In 2016 which was Tk 15,715. As such, the cost has doubled in…

High ambitious election budget coming for Tk 7.60 tr

Deficit projected Tk 2.60 trillion Mahfuja Mukul: According to the Finance Department, inflation will not come down much in the coming financial year. As a result, the main challenge is inflation control. And there will be…

IMF team due in Dhaka on April 25

2nd tranche of $4.7b loan Industry Desk: A team of the International Monetary Fund (IMF) is due to arrive in Dhaka on April 25 to discuss the progress in the use of the first tranche of…

Children, elderly persons advised to stay indoors

Staff Correspondent: In view of the current heat wave across the country, experts have advised all, especially children, elderly persons and pregnant women, to refrain from going out of home without urgent need to avoid health…