Sep 19
Daily News Head Line
BB relaxes loan rules for flood-hit farmers, SMEs PDF Print E-mail

Bangladesh Bank has relaxed its loan rescheduling rules and suspended loan recovery for six months for the farmers and small entrepreneurs in the country's flood-hit areas.

The central bank issued a circular in this regard yesterday, including a set of measures favouring the agricultural and SME loan borrowers.

The decision was taken to support the farmers and small entrepreneurs who may fail to clear their loans in time because of the recent floods, the banking regulator said.

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Govt worried as Teletalk is losing customers PDF Print E-mail

Teletalk's customer base is fast shrinking as the state-run mobile operator continues to lag far behind the private carriers in terms of network quality and product offerings.

In the first half of the year, Teletalk lost about 10.27 percent, or about 3.73 lakh, of its active customer base, when the other three operators added 99.63 lakh users, according to data from the Bangladesh Telecommunication Regulatory Commission.

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BB plans fresh agri loans for flood-hit farmers PDF Print E-mail

Bangladesh Bank considers providing fresh agricultural loans to flood-hit farmers so that they can recover losses from damaged crops.

The central bank is now working to identify the affected areas across the country where fresh loans and other facilities will be provided, said a senior executive of Bangladesh Bank. An internal meeting in this regard was held yesterday.

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Bangladesh goes up 28 notches PDF Print E-mail

Bangladesh went up 28 notches in the anti-money laundering and counter terrorist financing (AML/CTF) index of the Basel Institute on Governance -- a development that will come as a pat on the back for the government.

The country came in at No. 82 out of 146 in the 2017 edition of the Basel AML Index, up from its previous spot of 54.

A total of 14 indicators dealing with AML/CTF regulations, corruption, financial standards, political disclosure and the rule of law are aggregated into one overall risk score for the index.

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Floods affect crops of 2 lakh hectares PDF Print E-mail

Ongoing floods have inundated 2 lakh hectares of land containing transplanted aman in 23 districts, posing a threat to the livelihoods of hundreds of paddy farmers.

The onrush of water from upstream has also inundated vegetables on 20,000 hectares of land, said a senior official of the Department of Agricultural Extension (DAE) yesterday.

Aman makes the second biggest contribution to the country's rice production after boro, accounting for 38 percent of the annual production of 3.47 crore tonnes recorded in 2015-16.

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