Dhaka, June 30 – With annual GDP growth of more than 6 percent for many years, Bangladesh will remain one of the most dynamic economies in South Asia and the world, says China. Bangladesh can benefit hugely from the vast…
Tag: economy
Mobile payments help people during the pandemic
By Sonja Davidovic, Delphine Prady and Herve Tourpe Jun 22 2020 (IPS) – The practical challenge of quickly getting financial support in the hands of people who lost jobs amid the COVID-19 economic crisis has baffled advanced and developing economies…
Job creation, inclusive growth must in recovery strategy
Amid the growing impact of COVID-19 on the country, a recent study says job creation and inclusive growth must be the centerpiece of the recovery strategy.
IMF projects deeper recession, slower recovery
It revises down 2020 global economy forecast to contraction of 4.9 pct Dhaka, Xinhua/UNB, June 25 – The International Monetary Fund downgraded its outlook for the coronavirus-hit global economy, projecting a significantly deeper recession and slower recovery than it anticipated…
BD forex reserve crosses $35 billion mark for the first time
Dhaka, June 24 – The foreign exchange reserve of the country has crossed $35 billion mark for the first time.
Adopt SDG model for post-Covid reconstruction plan: CPD
Speakers at a webinar on Thursday suggested the government adopt the underlying structure of the UN’s Sustainable Development Goals (SDGs) for designing the national reconstruction plan in the aftermath of the devastation caused by COVID-19 to most sectors.
Supplementary budget of Tk 465 billion for 2019-20 FY
Parliament on Monday passed the supplementary budget of Tk 46,516.11 crore for the fiscal 2019-20 to meet the increased expenditures under different ministries and divisions.
Budget implementation big challenge for govt: Economists
Economists say implementation of the ‘loan dependant’ budget for 2020-21 fiscal year will be a big challenge for the government as the collection of revenue has shrunk amid the coronavirus pandemic.
Budget lacks guidelines to address Covid-19 issues: CPD
Terming the proposed budget of 2020-21 FY traditional, the Centre for Policy Dialogue (CPD), a leading think tank, on Friday said alleviating poverty, discrimination and creating employment should have been given priority in the budget instead of GDP growth.
Taxation proposals made in Bangladesh Budget 2020-21
Chapter Six: Revenue Collection Activities Madam Speaker 157. Till now I have discussed the expenditures of the Government. Now we shall focus on the sources of the expenditures. The major share of the expenditures will come from internal resources which…
BD Budget 2020-21 sets 8.2 pc ambitious GDP growth target
Finance Minister AHM Mustafa Kamal on Thursday set an ambitious target of 8.2 percent GDP growth for the next fiscal with a comprehensive plan that includes four main strategies although he himself admitted that all calculations about the global economy have turned…
Budget to overcome negative impacts with 4 key
Amid coronavirus crisis, the government has taken up a comprehensive plan with four main strategies discouraging luxury expenditures and prioritizing government spending that creates jobs. “We have taken a comprehensive plan to overcome the possible negative impacts of the pandemic…
Budget proposes raising tax-free income threshold
The government has decided to change the tax-free threshold of income, tax rates and tax slabs for taxpayers other than companies and local authorities, especially individual taxpayers. Finance Minister AHM Mustafa Kamal on Thursday proposed the changes as a gift…
Rethink free movement of capital against hostile takeovers
by Susanne Wixforth and John Weeks on 11th June 2020 Should free movement of capital any longer be sacrosanct when it leads to predatory takeovers and regional inequalities in a globalised economy?
Economic Ghosts Block Post-Lockdown Recovery
By Jomo Kwame Sundaram KUALA LUMPUR, Malaysia, Jun 9 2020 (IPS) – As governments the world over struggle to revive their economies after the debilitating lockdowns they imposed following their failure to undertake adequate precautionary containment measures to curb Covid-19…
Budget: TIB against allowing black money whitening
Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment by attracting investment and boosting revenue generation.
Certainties and responses: Bangladesh Budget 2020-21
Ruling 14-party alliance led by Prime Minister Sheikh Hasina is full of activity with the formulation of Budget 2020-21 under such landscapes when the world is befuddled and challenged with COVID-19, which shall be placed in Parliament very soon so…
Steelmakers place want stimulus ahead of national budget
Ahead of the Finance Minister placing the national budget for the 2020-21 fiscal in Parliament, the country’s steel manufacturers have placed an 8-point list of demands, including extension of bank loan repayment date by 6 months, for which they wouldn’t…
Tk 3.35 billion budget for Parliament in 2020-21 FY
The Parliament Secretariat Commission on Monday approved a Tk 335.34 crore budget for Parliament to spend on its development and non-development expenditures for the next fiscal year (2020-21).
Budget 2020-21 likely to help whiten black money again
Undisclosed money, popularly known as black money, holders are likely to get a good news as the government might allow them to legalise this kind of money in the upcoming budget, aiming to revamp country’s economy hit by the coronavirus…
GDP growth to slide to 2.5%: CPD briefing on economy
The Centre for Policy Dialogue (CPD), one of the country’s leading think tanks, on Sunday projected a GDP growth rate of 2.5 percent -the lowest in almost 30 years- for the Bangladesh economy in the 2019-20 fiscal, as most of…
America’s unhappy middle
by Branko Milanovic on 1st June 2020 @BrankoMilan Branko Milanovic unpacks the malaise of the US middle class and its implications for Democratic strategy towards the presidential election. The voting behaviour of the American middle and lower-middle-class was, according to…
A global economy in unchartered waters
by John Evans on 3rd June 2020 Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it. Economic commentators have cautioned against drawing parallels between the economic impact of the…
Recessions in wake of Covid-19: This time it’s really different
By Vladimir Popov and Jomo Kwame Sundaram BERLIN and KUALA LUMPUR, Jun 4 2020 (IPS) – The world economic contraction so far this year is largely due to measures, especially at the national or local level, to contain or prevent…
A global economy in unchartered waters
by John Evans on 3rd June 2020 Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it. Economic commentators have cautioned against drawing parallels between the economic impact of the…
Average family loses three-quarters of income in 2 months
The average family income loss between March and May hovers at around 74 percent, while over 1.4 million migrant workers have returned or are on their way back home due to job loss.
Multi-millionaire says: Covid-19 is business case to tax the rich
By Djaffar Shalchi COPENHAGEN, May 28 2020 (IPS) – For the past few decades, many big corporations and very wealthy individuals have operated according to the myth that they are “self-made”, that their success owed nothing to anyone else.
Economic activities have to be resumed for livelihoods: PM
Prime Minister Sheikh Hasina on Sunday said economic activities have to be resumed for the sake of the lives and livelihoods of people.
Coronavirus leads to nosedive in Latin America remittances
By Humberto Márquez CARACAS, May 18 2020 (IPS) – Remittances that support millions of households in Latin America and the Caribbean have plunged as family members lose jobs and income in their host countries, with entire families sliding back into…
Global economy to shrink by 3.2pc: UN report
Dhaka, May 14 – The world economy has been projected to shrink by 3.2 percent wiping out nearly four years of output gains as economic activities around the world comes to grinding halt against the backdrop of the coronavirus pandemic,…