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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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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

7 mega projects to get Tk 29,675cr in FY19

Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects, reports BSS. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury told BSS. The mega projects are Padma Multipurpose Bridge, Padma Bridge Rail link, Dohazari-Cox’s Mega Projects

52.42 pc ADP implementation in 10 months

The implementation rate of the Annual Development Programme (ADP) during the July-April period of the current fiscal year reached 52.42 percent with an overall expenditure of Taka 82,603 crore. The ADP implementation rate during the July-April period of the last fiscal year (FY17) was 54.56 percent with an overall expenditure of Taka 65,083 crore, according to the latest women in BDstatistics provided by the Implementation Monitoring and Evaluation Division (IMED) of the Ministry of Planning, Reports BSS. The IM...

Transparency, accountability in public fund management

Increase of tax collection, fund allocation and ensuring transparency and accountability in public fund management, poverty alleviation, reducing the income disparity should get most priority in the upcoming national budget. According to World Health Organization’s report 52 lakhs peoples are living under poverty line in the country who do not have access to   proper health care service. So, sufficient amount of budget must be allocated for health sector for providing maximum health service to the rural poor and hard core poor people of the country, so that they could fully engage in economic main stream activities-speakers told at a seminar in the city on Saturday.