Economy / Bangladesh


Govt needs to spend to aid growth, Kamal tells editors

Govt needs to spend to aid growth, Kamal tells editors

The government needs to spend money for supporting the country's economic growth, the finance minister said Tuesday. "How the economy will run unless money is spent," AHM Mustafa Kamal posed the question in justifying pursuance of a moderately expansionary policy so far despite suggestions for a c

ECNEC approves Tk 4.26b project to strengthen village courts

ECNEC approves Tk 4.26b project to strengthen village courts

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 4.26 billion project to strengthen the village courts across the country in order to ensure wider access of rural poor, female, lagging behind and under privilege people in getting justice. The approval came from a

Dhaka, Thimphu set to sign transit deals Wednesday

Dhaka, Thimphu set to sign transit deals Wednesday

Bangladesh and Bhutan are set to sign an agreement and a protocol to offer each other multi-modal transit facilities aimed at boosting bilateral trade. A Bangladesh delegation, led by Commerce Minister Tipu Munshi, was already on its way to Bhutan where the deals are expected to be signed likely t

Revenue collection up by 8.92pc during July-February period

Revenue collection up by 8.92pc during July-February period

The revenue collection by the National Board of Revenue (NBR) during the July-February period of the current fiscal year (FY23) witnessed an 8.92 per cent growth from income tax, VAT and customs with a collection of Tk 1.96 trillion. The revenue collection by the NBR during the same period of the

Hefty VAT collection keeps revenue afloat

Hefty VAT collection keeps revenue afloat

Collection of value-added tax (VAT) registered a hefty growth of about 15 per cent in the first eight months to February of the current fiscal year (FY) over the same period of last FY, largely contributed by domestic consumption of goods. The VAT wing of the National Board of Revenue (NBR) mobili

New inflation measure to replace outmoded index

New inflation measure to replace outmoded index

Bangladesh is updating the consumer inflation index with lot many goods and services in count, with 2021-22 as new base year, as price rises have upset indices locally and globally. Officials say the updated gauge to measure inflation is likely to be launched next fiscal year, beginning in July, a

Daily transaction of MFS crosses Tk 32b

Daily transaction of MFS crosses Tk 32b

The average daily transaction of mobile financial service (MFS) has crossed Tk32 billion and its volume shows a growing trend, said the latest report of Bangladesh Bank (BB). Analysing the data of 13 MFS in the country the BB report said that MFS gets popular in Bangladesh due to convenient transa

Higher tariffs, para-tariffs deter non-RMG sector investment

Higher tariffs, para-tariffs deter non-RMG sector investment

Higher tariffs and para-tariffs to protect the import-competing local manufacturing sector has been discouraging investment into the country's non-RMG sector, defying export diversification efforts, according to a new research. Differential domestic and export sales standards and lack of export in

Govt walks tightrope in shaping new ADP

Govt walks tightrope in shaping new ADP

The government gets tightfisted in framing the annual development programme (ADP) for the next fiscal as a prolonged global economic crisis gives it limited choice in spending, officials said. In an order the Planning Commission (PC) has asked all ministries to avoid taking fresh projects and keep