12:10 am - Monday June 25, 2018
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Regulators

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

Budgte 19
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

Mega Projects
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

women in BD
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

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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.

Bangladesh moves forward as production hub

maids from BD
Though often described as one of the least developed countries in South Asia, Bangladesh has overcome significant challenges to become a production hub for international companies that want to enjoy the cheap labor and other facilities the country has to offer. During my recent one-week stay in Bangladesh, I had the opportunity to visit some of the country's major factories and Export Processing Zones (EPZ), where thousands of Bangladeshis work to make a living. maids from BDWith its population of over 160 mil...

Tripartite meet on non-performing loans by BB, BIAC and ABB

bb
A Tripartite meeting between Bangladesh Bank (BB), Association of Bankers Bangladesh (ABB) and Bangladesh International Arbitration Centre (BIAC) was held on 12 April 2018 at the Bangladesh Bank Head Office to find out ways to strengthen the Alternative Dispute Resolution (ADR) system to settle large number of pending cases in the banking sector. The meeting was chaired by Mr. Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank. From Association of Bankers Bangladesh, Mr. Syed Mahbubur Rahman, Chairman, Mr. Sohail R.K. Hossain, Vice Chairman, Mr. Md. Arfan Ali, Secretary General participated in the discussion. Mr. Muhammad A. (Rumee) Ali, CEO of BIAC, led BIAC team and took part in the discussion. Mr. Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank emphasi...