Finance Minister AHM Mustafa Kamal on Wednesday said that the option for whitening black money will continue until it is erased from the existing system. “This is not black money but undisclosed money and the provision to disclose it will continue in the next fiscal as well,” he told reporters after
Tag: Economy
NEC approves ADP involving Tk 225,324cr for 1,426 projects
The National Economic Council (NEC) on Tuesday approved the Annual Development Programme (ADP) involving Tk 225,324 crore for 1,426 projects for the 2021-22 fiscal year with focus on transport and communications, power, housing, education and health sectors. Among the approved projects, 1,308 will be investment ones while 118 will be of
Banks to operate from 10am to 2pm from Thursday
Banks will operate from 10 am to 2 pm from May 6 to 16 for usual transactions as the government has extended the ongoing lockdown to curb the spread of Covid-19 transmission. Bangladesh Bank issued this instruction in compliance with the directives of the Cabinet Division directing banks to remain open
Asia, Pacific must avoid K-shaped recovery: UN report
The Asia-Pacific region needs large, yet attainable, investments in resilience to protect development gains amid a fragile and inequitable post-COVID-19 economic recovery, says a report released on Tuesday. The report was released by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok. The Economic and Social
No decision yet to lend private sector from forex reserves: Finance Minister
Finance Minister AHM Mustafa Kamal has said that no decision has been taken yet to lend the private sector from the country’s foreign currency reserves. “So far we haven’t taken any decision to provide loans to the private sector from the forex reserve”, he told reporters while briefing on the proceedings
WB okays $120 mn to help Bangladesh improve food security
The World Bank has approved $120 million to help Bangladesh improve food security by enhancing climate resilience and productivity of irrigated agriculture and fisheries. The Climate-Smart Agriculture and Water Management Project will rehabilitate and modernize public Flood Control, Drainage, and Irrigation (FCDI) infrastructures, according to a press release. This will help improve