The Land Ministry has further extended the deadline for paying the current year’s land development tax till June 15 amid the coronavirus outbreak. The ministry issued an order on Wednesday in this regard, said a press release. According to the…
Tag: economy
Planning Commission finalises Tk 2 trillion ADP
The Planning Commission on Monday finalised the annual development programme (ADP) involving Tk 205,145 crore for the next 2020-21 fiscal year.
German court decision ends treaty pretences
by John Weeks on 11th May 2020 @johnweeks41 With ‘coronabonds’ stymied, an exit from the crisis had depended on ECB monetary operations—until the German constitutional court weighed in. On May 5th the German constitutional court issued a ruling likely to…
Govt trying to reopen some sectors gradually: PM
Mentioning that people are suffering a lot due to the COVID-19 shutdown, Prime Minister Sheikh Hasina on Sunday said the government is trying to reopen some sectors gradually so that the poor can earn their livelihoods.
Black Americans bearing the brunt of coronavirus recession
May 10 2020 (IPS) – As the COVID-19 pandemic worsened in April, many Americans were shocked by the extent that black Americans were being disproportionately impacted: higher infection rates, more deaths and greater job loss.
Business Leaders Commit to a Clean Economic Recovery
By Bertrand Piccard LAUSANNE – The COVID-19 crisis is far from over. Yet, even as people continue to transmit the coronavirus and the death toll mounts remorselessly, pressure for a return to normal is already growing in some quarters.
Budget should no more allow black money whitening: CPD
Centre for Policy Dialogue (CPD) on Saturday recommended raising the tax-free income threshold level from Tk 250,000 to Tk 350,000 and not keeping the provision of black money whitening facility in the national budget for 2020-‘21 fiscal year.
Basic income: Finland’s final verdict
by Philippe van Parijs on 7th May 2020 @pvpbrussels The coronavirus crisis has renewed interest in the notion of a universal basic income. The full report of a two-year Finnish experiment has just appeared.
Overconsumption, globalised supply chain and Covid-19 crisis
by Meadhbh Bolger on 6th May 2020 @MeadhbhBolger We must build back more resilient, just societies that consume within ecological limits. The immediate response to the Covid-19 crisis must continue to be saving lives, preventing the further spread of the…
The crises of 2020 will delay the transition to clean energy
By Humberto Márquez CARACAS, Apr 29 2020 (IPS) – The oil slump, global recession and uncertainty about the magnitude of the COVID-19 pandemic will fuel the appetite for cheaper fossil fuel energy and delay investments in renewables, affecting the targets…
Providing loan, equity: EIB, national dev banks must act now
by Matthias Thiemann and Peter Volberding on 29th April 2020 @MatthiasThiema3 The European Investment Bank and national development banks provide a framework through which a European Recovery Fund could work quickly and effectively.
Protect workers both now, after lockdowns ease: ILO
The International Labour Organization (ILO) has urged governments to take action to prevent and control COVID-19 in workplace, with active involvement and dialogue with employers’ and workers’ organisations as the pressure mounts on countries to ease their lockdown restrictions
Covid-19 stimulus steps must save lives, livelihoods, nature
By Josef Settele, Sandra Díaz, Eduardo Brondizio and Peter Daszak Apr 27 2020 (IPS) – There is a single species that is responsible for the COVID-19 pandemic – us. As with the climate and biodiversity crises, recent pandemics are a…
In-work poverty in times of pandemic
by Luca Ratti on 27th April 2020 @LucaRatti15 The coronavirus crisis is exacerbating in-work poverty in the EU—and a powerful raft of labour-market and welfare measures is needed for an adequate response.
Bangladesh economy awaits a bigger blow, say Economists
Continuation of the current economic stagnation during the government-declared shutdown to prevent the spread of coronavirus will result in a grim economic outlook for Bangladesh, economists warn.
A Marshall Plan for Europe—or a Draghi plan?
by Carlo Spagnolo on 22nd April 2020 Decades of neoliberal inculcation have deprived the political class of the historical memory needed to derive the new Marshall plan today’s crisis demands. A hope is haunting Europe—the hope of a Marshall Plan…
Europe’s social safety nets were not ready for the corona shock
by Sarah Marchal and Ive Marx on 21st April 2020 @IveMarx The coronavirus crisis has punched a hole in Europe’s safety nets. But they were already frayed and urgent repairs are needed.
Monetary policy’s role in Covid-19 crisis, climate action
by Basil Oberholzer on 17th April 2020 @basiloberholzer What the US central bank has been doing to address the coronavirus crisis is precisely what is needed to tackle climate change. The financial crisis of 2008 and the subsequent recession revealed…
Pioneer Jordan reducing Covid-19 pressure investing in PPPs
Muneer Ferozie, April 16, 2020 Jordan, a small country in the middle of a complex region, is facing steep economic and infrastructure challenges. Even before the coronavirus’ impact on the economy, the country’s public debt was already increasing faster than…
SANEM welcomes stimulus packages, wants transparency
South Asian Network on Economic Modeling (SANEM) has recommended setting up a unit to monitor the entire process saying it is important to ensure transparency and accountability in the implementation of the stimulus packages to address the impact of coronavirus.
Africa Needs Debt Relief to Fight COVID-19
by Ngozi Okonjo-Iweala, Brahima Coulibaly WASHINGTON, DC – After a slow start, COVID-19 has spread increasingly rapidly throughout Africa, with more than 7,000 confirmed cases and 294 deaths across 45 countries and two territories as of April 7. Unless the…
Dhaka faces burgeoning budget deficit in pandemic aftermath
Dhaka, April 05 – Amid a nosedive in revenue collection, export earnings and remittance inflow, economists fear a burgeoning budget deficit in the aftermath of the coronavirus pandemic and the massive steps taken to tackle it. Due to halt in…
Tk 677 bn new stimulus packages to face corona economic shock
Dhaka, April 05 – Prime Minister Sheikh Hasina on Sunday announced four new stimulus packages of Tk 67,750 crore (Tk 677 bn) to overcome the possible economic shock from the ongoing shutdown enforced due to the deadly COVID-19 outbreak. With…
PM to unveil work plan tomorrow to overcome Covid-19 impact
News Desk Prime Minister Sheikh Hasina will unveil a work plan tomorrow to overcome the possible economic impact on the country due to the outbreak of the novel coronavirus (Covid-19).
Socio-economic effects of coronavirus: UN Report
By Samira Sadeque UNITED NATIONS, Apr 3 2020 (IPS) – As the number of coronavirus cases continues to grow, concerns are simultaneously growing about the current and long-term effects this will have on certain demographics — specifically, women, the youth,…
Sharp fall in its remittance inflow feared due to Copid-19
Amid slump in export earnings, experts say another big shock lies ahead for Bangladesh economy as its remittance inflow, the life line for many rural families, is likely to shrink significantly in the coming months as a coronavirus fallout. They…
UNCTAD for $2.5 tn assistance package for developing nations
The UN Conference on Trade and Development (UNCTAD) has called for a $2.5 trillion assistance package for developing countries, whose populations face unprecedented economic damage from the COVID-19 crisis.
PM Hasina declares Tk 50 bn stimulus package for industries
Dhaka, March 26 – Prime Minister Sheikh Hasina on Wednesday termed the fight against coronavirus a “war” and urged people to stay at their homes to discharge their responsibilities at this critical time.
Gather allies, partners to protect people, economy: DCCI
Dhaka, March 25 – The Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to bring together its global allies and partners in a coordinated endeavour in a bid to protect the people and economy from the adverse…
Coronavirus crisis: Now is the hour of Modern Monetary Theory
by Peter Bofinger on 23rd March 2020 @PeterBofinger Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge.