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Category Archives: Rural Economy

ECNEC approves 3 projects costing Tk 637cr

businessnews24bd.com The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved three development projects involving Taka 637 crore including procurement of two passenger launches for Dhaka-Barisal routes. The approval came at the 25th ECNEC meeting of the current fiscal held at the NEC conference room in city’s Sher-e-Banglanagar with the ECENC Chairperson and Prime Minister Sheikh Hasina in ... Read More »

BD clears projects to import 600 MW power from India

The government has cleared two projects costing Tk 16 billion to strengthen a transmission line and sub-station to import 600 megawatt electricity from India. The cost to bolster the 55-kilometre line from Bherhamara to India’s Baharampur has been estimated at Tk 14.05 billion, reports bdnews24.com The project to erect a line from India’s Tripura to Comilla and build a sub-station ... Read More »

China to help implementation 8 mega BR projects

businessnews24bd.com An inter-ministerial committee has selected eight big projects involving an overall estimated cost of around $ 11 billion to be implemented with probable Chinese assistance to improve the country’s railway network, reports a news agency. “The Economic Relations Division (ERD) has recently received a list of eight large projects to start negotiations with Beijing for concessional loan for implementing ... Read More »

Unable to supply : Rice millers stop production

businessnews24bd.com Rice miller Mohammad Khaleq had no other option but to close down his mill three weeks ago. He had invested Tk20 lakh, taking loan from banks to make more profit in this full Aman paddy season. “I am almost bankrupted,” said Khaleque who is counting losses amid rising bank interest against his loans. He fails to pay the wages ... Read More »

Economy will bleed if unrest continues :BB

businessnews24bd.com Bangladesh Bank Governor Atiur Rahman yesterday expressed concern over the ongoing political turmoil and said the economy would bleed further if the unrest continues. “Just when the country’s economy was showing signs of growth, political unrest has put a barricade on it,” he said, unveiling of the Monetary Policy Stance (MPS) for the second half of the current fiscal ... Read More »

No big momentum in economy yet : BIDS

businessnews24bd.com Though the country’s economy did not get back the real momentum in the outgoing year, it showed the signs of stability and its sustainability largely depends on socio-political stability in the coming days, said economists and business leaders. “Though we haven’t seen a big jump from the previous year but a possibility has emerged this year. I see a ... Read More »

HBFC plans to give Tk 313cr loan for rural housing

businessnews24bd.com Bangladesh House Building Finance Corporation (BHBFC) is extending its home loan coverage to rural areas aimed at developing planned and modern housing in villages while protecting cropland from indiscriminate use. The state-owned house financing organisation will offer cheaper loan for construction of the 385 four-storied building in 22 rural areas across the country involving Tk 313.02 crore, BHBFC managing ... Read More »

Liquidity crisis hits private jute mills hard

The country`s private jute mills are now passing through a critical time following liquidity crisis. The crisis has put most of its units in dire straits, say the owners. Bangladesh Jute Mills Corporation (BJMC) leaders alleged, “The government`s slow pace in funding the jute sector is frustrating private mills, which suffered huge losses due to global recession, and are now ... Read More »

DOING BUSINESS REPORT 2014:BD performs worst in 3 areas which influence FDI

businessnews24bd.com Bangladesh’s global ranking has slipped in ease of doing business, standing at 173rd position among 189 nations as the country’s performance deteriorated on indicators, including starting business, paying taxes and enforcing contract where it was near the rock bottom. According to the Doing Business Report 2014 – the flagship report of the World Bank and International Finance Corporation, out ... Read More »

ECNEC approves new power project at 832.44 cr

businessnews24bd.com The Executive Committee of the National Economic Council (ECNEC) today approved a development project for power sector, involving Taka 832.44-crore, which would provide new electricity connection to some three lakh new subscribers. The project titled “strengthening of power distribution system” will cover 41 upazilas of 21 districts in South-Western region of the country.The districts are Rajbari, Madaripur, Gopalganj, Shariutpur, ... Read More »

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