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Economy

Economy under threat due to COVID 19

The World Health Organization (WHO) officially declared the corona-virus (COVID-19) outbreak a global pandemic on 11 March, which has now spread to 170 countries & territories and infected over 330,000 people. This number does not adequately show the scale and magnitude  of this global crisis, which not only related to public health but also the health of the global economy.

8 projects worth Tk 10,468.24cr approved at ECNEC meeting

The Executive Committee of the National Economic Council (ECNEC) today approved a total of eight projects involving Taka 10,468.24 crore including a first revised project for constructing Bangabandhu Sheikh Mujib Railway Bridge over River Jamuna with an additional cost of Taka 7,046.88 crore. The approval came from the 21st ECNEC meeting of the current fiscal year held at the NEC Conference Room in the city’s Sher-E-Bangla Nagar area with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair, reports BSS. ECNEC-1-696x...
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Survey at sub-registry offices from next year

The National Board of Revenue (NBR) has initiated a move to scrutinize the proper use of Electronic Tax Identification Number (ETIN) while buying or selling of flats and land as well as to ascertain the actual value of those. nbr 222The income tax officials under various intelligence units of different tax zones would conduct surveys at the sub-registry offices from the beginning of the next year to this end. Talking to the BSS, NBR member (tax survey) Meftah Uddin Khan said that the ETINs are not often shown properly while...

Google new app helps jobseekers in BD

Google is working with a startup that helps Bangladeshis find jobs online. Through Area 120, a workshop for experimental products, Google has been working with a new app called Kormo, which matches jobs to jobseekers within the informal economy. The app went live about a year googleago in Dhaka and has already matched over 21,000 jobs to Bangladeshi users. Kormo, which means “work” in Bengali, focuses on jobs in unregulated forms of employment. The Kormo team is now headed by Bickey Russell, who previously headed a team in Goo...

Cabinet Okays draft of revised agriculture policy

The cabinet today approved the draft of a revised National Agriculture Policy eying to benefit farmers and attaining food and nutrition security for the people. The cabinet approval came at its weekly meeting at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair, reports BSS. “The policy has been framed by upgrading the previous policy of 2013 . . . its prime goal is to make the agriculture sector safe and profitable and attain food and nutrition security,” Cabinet Secretary Md Shafiul Alam told a news briefing after the meeting, simultaneously approved in principle the draft of Bangladesh Shishu Academy Act.

Tk 4,64,573cr budget for FY19 setting 7.8pc growth target

Finance Minister Abul Maal Abdul Muhith today rolled out a Tk 4,64,573 crore national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 percent and outlining a set of plans-strategies to build a prosperous, happy and peaceful country. “Our main objective of budget preparation is to alleviate poverty, reduce inequalities and bring basic and qualitative changes in people’s living standard. Regional parity, human resources development, infrastructure development as well as assuring quality of expenditure are focused in allocation of resources,” said the finance minister while placing the proposed budget