The government has reviser the tax-revenue-collection target upward by Tk 540 billion to meet a growing need for internal resources to manage budget deficit. Debt service has become a major headache for the government as loans taken from foreign and domestic sources have reached an optimum level.
The first quarter (Q1) of the current fiscal year shows early signs of economic recovery, though overall growth remains sluggish, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has said. "Improvements in exports, imports, inflation, and remittances have helped stabilise foreign-cu
Commercial banks now can offer special rescheduling facility for up to 10 years with a two-year grace period to borrowers whose loans are classified as of November 30, under a generous government bailout package. In a major regulatory policy shift, the central bank issued Monday a circular relaxin
US economic growth will increase slightly next year but employment gains will remain sluggish and the Federal Reserve will slow any further rate cuts, economists polled by the National Association for Business Economics said in the group's year-end forecast survey. The survey of 42 professional fo
Canada and India have agreed to restart stalled talks for a new trade deal, the Indian government said on Sunday, after discussions between the two countries paused following a diplomatic spat two years ago. Prime Minister Mark Carney met with India's Prime Minister Narendra Modi for a bilateral d
