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The government approved separate proposals for procuring some 50,000 metric tons of wheat and some 30,000 metric tons of granular urea fertilizer to meet the growing demand of the country. The approvals came from the 21st meeting of the Cabinet Committee on Government Purchase (CCGP) in this year held today …

The central bank has increased the interest rates on loans under Export Development Fund (EDF) scheme aiming to adjust the lending rates with traditional market, officials say. Under the revised interest rates, exporters will now be able to borrow from the low-cost fund at 3.0-per cent interest rate instead of …

Centre for Policy Dialogue distinguished fellow Debapriya Bhattacharya on Thursday said that the government would face challenges in payment of growing external debt from 2024. The country’s external debt repayment would be around 2 per cent of the gross domestic product from 2024 following maturity of many projects, he said. …

Bangladesh Bank has formed the Credit Guarantee Department to expand its credit guarantee facilities and run their operations smoothly. The Credit Guarantee Department began its journey on July 4 after the central bank separated the Credit Guarantee Scheme Unit from the SME and Special Programmes Department and gave it a …

Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, according to official figures that bolstered the chances of a rare half percentage-point Bank of England interest rate hike next month. The Office for National Statistics said annual consumer price inflation rose in …

Crops on around 8,027 hectares of land have been damaged due to the recent floods in Kurigram district. Crops worth Tk 127 crore have been damaged, according to the Department of Agricultural Extension (DAE). According to Kurigram DAE, in nine upazilas of the district, 80,000 farmers have been affected by …

Inflation has hit an eight-year high at 7.56 percent in June, fueled by a record food inflation of 8.37 percent, the latest data from Bangladesh Bureau of Statistics (BSB) showed on Tuesday. Point-to-point inflation was recorded at 7.42 percent in May when food inflation was slightly lower at 8.30 percent. …

The European Parliament’s delegation on international trade on Tuesday said that the block wants full implementation of Bangladesh government’s commitment to implement a labour roadmap. “We want the full and successful implementation of the roadmap as a clear precondition for our further trade relations,” said Heidi Hautala, MEP, head of …

A campaign, titled ‘Good Clothes, Fair Pay’, was launched on Tuesday, aiming to secure payment of living wages for workers in global garment supply chains. Clean Clothes Campaign (CCC) and other campaign organisations aim to collect 1.0 million signatures from European citizens to support the European Citizens Initiative (ECI), which …

It’s rainy reason in Bangladesh and agricultural land is supposed to be wet with monsoon rains by now. But a vast part of land is currently dry and cracks have formed in many parts of the country, particularly in the north, affecting the cultivation of Aman rice, the second-largest paddy …