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Category Archives: Rural Economy

Benapole revenue target fails

Benpole Land Port’s revenue has fallen short of target by about Tk 1.20 billion in the just-concluded fiscal, reports Tk 24.80 billion has been collected against a target of Tk 26 billion set by the National Board of Revenue for the 2013-14 fiscal, said Golam Kibria, an official at Benapole Customs. Businessmen attributed the shortfall to corruption, harassment, theft, ... Read More »

Muhith attributes ambitious budget to recent achievements Finance Minister AMA Muhith in his post-budget remarks on Friday said he prefers presenting ambitious national budgets because of the excellent achievements in recent fiscal years. Responding to a query at a press conference at the Osmani Auditorium here in the afternoon, Muhith said it is in fact a characteristic of the present government to formulate high ambitious budgets. ... Read More »

Chhatak litchi growers crushed by poor output due to hot spell

Sunamganj Correspondent Litchi growers of Manikpur-Godabari village, famous for production of the delicious juicy fruit in Chhatak upazila are much frustrated due to poor output of the item this year. The growers are to incur heavy losses this season since prolonged dry spell, lack of irrigation and birds’ infestation seriously affected the fruit’s production. Officials concerned said, the soil of ... Read More »

Urban poverty reduces by 13 pc in 4 years: UNDP

Financial News Service The visiting regional director of UNDP, Haol ang Xu, on a five-day visit, here, today, applauded Bangladesh’s efforts in cutting down urban poverty by 13 per cent in the last four years. “Urban poverty in seven major cities and towns came down from 42 per cent to 29 per cent during the period,” a UNDP report said. ... Read More »

Further dev of rural economy govt’s main focus, PM tells Belgian envoy

Prime Minister Sheikh Hasina on Wednesday said that her government is giving priority to further development of rural economy, especially building social safety network for the rural poor. She said this while the outgoing (non-resident) Belgian Ambassador to Bangladesh Pierre Vaesen met her at her office, reports UNB. PM’s Special Assistant Mahbubul Hoque Shakil briefed reporters after the meeting. He ... Read More »

Aid inflow almost $800 million short of commitment during July-March

Financial News Service Foreign aid flow to Bangladesh during the first three quarters of the current fiscal (FY14, 2013-14), at $ 2171.41 million, has been somewhat higher than the corresponding figure for the last fiscal (FY13, 2012-13) when it was $ 1908.61 million. Of the amount disbursed during the nine-month period covering July to March during FY14, loans amounted to ... Read More »

ECNEC okays 4 projects costing Tk 2,590cr The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the ‘Enhancement of Capacity of Grid Substations and Transmission Line for Rural Electrification’ project costing Tk 1,332.68 crore to improve rural power supply system in five divisions. The approval came from the ECNEC meeting held at the NEC conference room in city’s Sher-e-Bangla Nagar with ECNEC chairperson ... Read More »

BRTA earns revenue worth Tk 769 crore in Rajshahi

Rajshahi Correspondent Bangladesh Road Transport Authority (BRTA) has earned revenue worth around Taka 769 crore in Rajshahi region in last 2012-13 fiscal year. Besides, the state-run organization has earned Taka 625 crore as revenue in the first nine months of the current 2013-14 fiscal. Simultaneously, it has given training to 5,800 drivers. The observation came at a daylong seminar styled ... Read More »

Coal import thru’ 2 Sylhet land ports suspended

Sylhet Correspondent Coal import from India through Tamabil and Sheola land stations remained suspended for the last couple of days as the Indian traders stopped supply protesting one percent tax imposition on coal export by their government. According to coal importers in the district, the supply of coal from India remained suspended since Wednesday. The Indian exporters have suspended the ... Read More »

GDP growth finally stands at 5.6pc

The country’s GDP growth will be around 5.6 percent in the current fiscal year, the lowest in over a decade, says a renowned economist though Finance Minister AMA Muhith still looks optimistic about achieving ambitious 7.2 percent target. “My observation is that the growth will definitely remain below 6 percent. As per my estimate, it’ll be 5.6 percent,” former finance ... Read More »