Fiscal Year 2024-25
Reducing inflation is now the biggest challenge
In the first six months of the ongoing fiscal year 2024-25, Bangladesh Bank has announced a new monetary policy while keeping the policy interest rate unchanged. Additionally, the central bank has eased restrictions on opening import letters of credit. As a result, it is expected that the upward trend in bank loan interest rates will significantly slow down. These measures have been taken at a time when inflation in Bangladesh has reached an alarming level.
Government should reduce health expenditure for public benefit
Health is one of the fundamental rights of every human being, and for developing a country health condition should increase, and for increasing public health condition government should reduce health cost. But in Bangladesh, the expenditure on health cost has been escalating day by day. For bearing this extra medical treatment people are suffering a lot.
Big push needed for raising cigarette prices in budget: Atiur Rahman
For the first time in recent years, prices of all-tier cigarettes and supplementary duty on all those cigarettes have been raised simultaneously in the budget for FY2024-25. While this is commendable, it is also important to give a ‘big push’ for raising cigarette prices in budget, instead of raising those prices slightly every year.
Bangladesh’s GDP growth 6.12% in Jan-Mar of FY 2023-24: BBS
Bangladesh’s gross domestic product (GDP) grew to 6.12 percent in the third quarter (January-March) of the fiscal year 2023-24, according to the Bangladesh Bureau of Statistics (BBS). This quarterly GDP update, released today, is part of the requirements for a $4.7 billion loan from the International Monetary Fund (IMF).
PM asks all concerned to prepare to face probable flood
Prime Minister Sheikh Hasina today asked all concerned, including civil administration, to take necessary preparations in advance to face probable floods in the country.
JS passes Tk7,97,000cr budget for FY25
The Jatiya Sangsad (JS) today (June 30) passed the Tk 7,97,000 crore national budget for FY 2024-25 setting the goal of economic growth at 6.75 percent and keeping annual inflation at around 6.50 per cent.
Anti-corruption drive will spare no one: PM
Prime Minister Sheikh Hasina on Saturday announced that implementing the proposed budget for the 2024-25 fiscal year will propel the country forward. During her budget speech in parliament, she warned that the government has launched a stringent anti-corruption campaign, and those involved in corruption, regardless of who they are, will face severe consequences.
Timely decision on imports
In memory of the world-renowned Spanish poet Federico García Lorca, Sunil Gangopadhyay wrote a stirring poem titled ‘Kobir Mrittu’ ("The Death of the Poet."). In one line of that poem, he wrote, "A ginger trader, lighting a ship-branded bidi, said, 'Even green chili peppers don't have that much spice these days!' In Sunil Gangopadhyay's poem, there is a lament about the spiciness of green chili peppers, but currently, the spiciness of green chili peppers is beyond tolerance across the country. According to information published in the media, green chili peppers that used to sell for 100 Taka per kilogram are now being sold for 300 to 400 Taka, depending on the region. This has become a severe additional burden for ordinary people in a high-inflation market.
Govt reduces ration subsidy of 10 entities including army, police
The government has decided to raise the prices of rice and wheat for employees of 10 government institutions, who get the food items as part of their rations, effective from the next fiscal year.
Bangladesh sees highest LC openings in almost 2 years in May
Bangladesh witnessed its highest Letter of Credit (LC) openings in 23 months, amounting to US $6.83 billion in May 2024, amid an ongoing foreign exchange crisis, according to Bangladesh Bank.
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