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GDP growth target set at 7.5pc for FY24

The government is going to set about 7.50 percent gross domestic product (GDP) growth target for the upcoming fiscal year 2023-24 (FY24), a Finance Ministry official said.He said, this growth is achievable as the country's macroeconomic condition is good. However, the Prime Minister has dir...

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Work on steel arch bridge over B’putra likely from June

The government is likely to start physical work of the country's first largest steel-arch bridge on the Brahmaputra River in Mymensingh in June as the authorities have completed the preparatory work.The bridge aims to improve connectivity between the capital and the districts under Mymensingh di...

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Project on Meherpur as tourist spot proposed

The government has made a masterplan to develop Meherpur as a tourist center based on the Liberation War. For this, the master plan will be prepared to develop Meherpur district in a planned manner.In this regard, a project titled “Meherpur District Development Plan Formulation” has...

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Allowance for elderly, widows to increase

The government plans to raise fund allocation and number of senior citizen beneficiaries, widows, and disabled persons for ensuring social security in upcoming budget fiscal year (FY) 2023-24.According to sources in the Ministry of Finance, a proposal has been made to create a fund of Tk 1.19 lakh c...

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Banks told to boost agri loan

Farmers in the country will get adequate agriculture loans from the state-owned and specialised banks to cultivate their land smoothly, sources in the Bangladesh Bank said.In this regard, Bangladesh Bank has already directed the concerned banks to increase the amount of loans in the agricultural sec...

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33 lakh students to get jute bags for free

The government will give free jute bags to 33 lakh students admitted to the first grade in all public, private and Ibtedai madrasas of the country.Through this, students can gain knowledge about jute and jute products from the beginning of their life.Besides, leaflets will also be given on Bangaband...

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Tk 5,000cr project for road safety

The government has taken up a Tk 4,988.14 crore mega project for building capacity of the government agencies concerned to ensure road safety.The project titled "Bangladesh Road Safety" has already got approval from the Executive Committee of the National Economic Council (Ecnec), said Pla...

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Highest remittance in 22 months

The country’s remittances witnessed a record growth to hit 22-month high as expatriates are sending additional money for their families, friends and relatives ahead of Eid-ulFitr festival.Expatriates sent remittance at home on an average of around $68.48 million every day in April, which was h...

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Revenue collection target Tk 5 lakh crore likely

The government is likely to set a target to collect Tk 5,00,000 crore as revenue in the upcoming budget 2023-24 fiscal year, the sources said.Of the revenue collection target, the National Board of Revenue (NBR) will collect Tk 4,33,000 crore, up 16.20 percent or about Tk 63,000 crore over the previ...

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Empowerment of women to boost economy

The government has undertaken special initiatives for economic empowerment of the women labour force by increasing their skills for contributing to national economic growth. As part of the government move, the project titled “Promoting Gender Responsive Enterprise Development and TVET Sys...

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Info lack major obstacle to export dev: Experts

Insufficient information is the major obstacle to export development on the global market as foreign and local traders are not getting the latest information about the market situation, experts said.However, foreign buyers are not able to easily know various information including the country's m...

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Mobile library to continue

The government will continue the nationwide mobile library to develop the reading habits of creative books among the readers. 76 mobile library units in 368 upazilas or police stations of 64 districts of the country in 3,200 spots or areas to create an alternative source of reading books for co...

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Remittance soars ahead of Ramadan, Eid festivals

Remittance inflow has increased ahead of Ramadan and Eid festival as the country received $ 682.34 million remittance in the month of March alone.On an average of around $68.23 million came every day in March against $53.37 million every day in February.Remittances rose to $1.56 billion in Febr...

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Apparel export growth to EU positive

The apparel export to the European Union (EU) saw a positive growth of 14.29 percent to $15.72 billion in the first eight months (July-February) of this fiscal.According to the Export Promotion Bureau (EPB), although the country's RMG export earnings from Germany in the EU was the highest, the e...

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Women falling behind men in BCS despite quota

Though women in the country are progressing in various sectors, the number securing government jobs through the Bangladesh Civil Service (BCS) exams has decreased despite getting a 10 percent quota.Experts said the proportion of successful women candidates has declined significantly in the past five...

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Massive women empowerment project taken

The government has taken a massive project worth Tk 4,030.96 crore to ensure  women empowerment by creating job opportunities, ensuring higher education and increasing the capacity of women leaders.The government recognizes that empowering women is crucial to ending poverty, officials said. &nb...

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Bangladesh an ideal ground for foreign investment

Bangladesh is a good place for industrial investment as the government has been providing very good policy support for foreign investors, Chinese investors said.Chinese and Hong Kong-based business people said this while speaking at a programme on the ‘2023 Chinese New Year Reception in Bangla...

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Bangladesh’s debt servicing up

Bangladesh has increased repaying foreign loans despite global crisis to live up to its good reputation worldwide, experts said.Bangladesh's foreign loan repayment increased to $1.28 billion during the first seven months in the current fiscal 2022-23.In the same period of previous fiscal, the co...

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Matarbari power plant trial run in June

The Matarbari power plant will go on an experimental electricity generation in June and become fully operational in December this year, officials said.The construction of a mega coal-run power project is going on in Maheshkhali’s Matarbari near the Bay of Bengal between Chattogram and Cox'...

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Remittance keeps rising trend

Remittance inflows have continued a rising trend bringing hope of an end to the dollar crisis.In the first 17 days in February this year, expatriates sent around $1.05 billion after various measures to increase expatriate income in banking channels. As part of its move, on an average of around $61.8...