The government has projected to upgrade total investment in the country to 33.6 percent of the total GDP on the mid-term basis (in 2024-25 fiscal year) aiming to overturn the economic shock from the COVID-19 pandemic and the Russia-Ukraine war. In this investment, the private sector will contribute 26.65 percent
Author: Fahad Ferdous, UNB
Govt plans to launch national social safety insurance
The government is keen to introduce a national social insurance scheme in Bangladesh in phases with an aim to enhance social safety of the factory workers and common people, according to an official document. Officials with knowledge of the process say a study has already been conducted on this prospective
Govt keen to expand digital banking
The government is optimistic about expanding digital banking in the country to accelerate financial inclusion with an aim to create more jobs for young jobseekers. According to an official document seen by UNB, the government has stepped in to examine the possibility of "establishing digital banks." It says if digital banking, which
Law planned to handle land-related offences
The government is planning to enact the 'Prevention and Remedies of Land Related Offences Act' to reduce the number of land-related lawsuits as it thinks the major share of the country's criminal and civil cases originate from land disputes. Once enacted, according to an official document, the government thinks that it
More development projects planned to support trade
With a view to building better transport and road infrastructure that would support industry and trade in the country, the government is working for construction of more elevated expressways and large bridges integrating existing bridges, flyovers, highways and tunnels. While economists say the construction of the 6.51-kilometer Padma Bridge at an
Major overhaul of state-run railway in the offing
The government has taken a massive move to upgrade the country's railway network as the sector is considered as the safest, comfortable, affordable and environment-friendly means for transporting passengers and goods. According to an official document, considering the importance of the railway sector the government wants to implement several projects "to
PM for global initiative to fix crisis driven by Ukraine war, Covid
Prime Minister Sheikh Hasina has expressed concern about financial and commercial challenges alongside food and energy crisis facing the developing countries in the wake of the Covid-19 pandemic as well as Russia-Ukraine war. The Premier expressed this concern while Executive Chairman of World Economic Forum (WEF) Professor Klaus Schwab paid a
Govt aims to increase enrolment in technical education to 30pc by 2030
The government plans to increase the number of students in technical education to 30 percent by 2030, from the existing 17 percent. The government has taken the move as one of its principal aims to create skilled human resources in information technology compatible with the Fourth Industrial Revolution. To that end, the
Digital technology to rule new-look education system
The government is giving priority in ICT, digital technology and research as it seeks to modernize the country’s education system and get optimum output, according to an official document. The Innovation Team of the Department of Secondary and Higher Education is working to ensure maximum utilisation of ICT and digital technology
Steps under way to modernize medical education
The government has taken up a series of measures to make the country's medical education more modern and time-befitting and of international standard. As a part of it, according to an official document, much importance is being given to higher investment and higher training in medical education. The document mentioned that confronting