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 …
Read More »CMSMEs get Tk 25,000cr
Bangladesh Bank yesterday unveiled a Tk 25,000 crore refinance scheme for cottage, micro, small and medium enterprises (CMSMEs) in order to increase their access to finances. Borrowers in the CMSME sector will get funds in the form of term loans, whose tenure is more than one year, from the scheme, …
Read More »Industries seek protection from power cuts
Industrial unit owners of different sectors have demanded that the government provide them immunity from blackouts or load shedding They also expressed relief at production remaining nearly unhurt yesterday, the first day of planned power cuts, just as the government had promised to ensure. Mohammad Ali Khokon, president of Bangladesh …
Read More »Consumer rights body’s monitoring starts today
The Directorate of National Consumer Rights Protection (DNCRP) will start monitoring the market from today to ensure that no trader can sell edible oil at prices higher than the newly reduced rates, which come into effect on July 18. The consumer rights body took the decision at the third meeting …
Read More »European Parliament’s delegation on International Trade in city
A delegation of European Parliament’s Committee on International Trade began their three-day visit here on Monday. Heidi Hautala, MEP is leading the European Parliament delegation to Bangladesh. Bangladesh and the European Union (EU) will discuss mainly trade related issues during the visit. “They are interested in following trade relations between …
Read More »Govt to cut fuel import by 20pc; Area-based load shedding from today
The government has decided to cut the import of fuel, particularly diesel, by 20 percent as an austerity measure to save dollars and keep its foreign reserves stable. State Minister for Power and Energy Nasrul Hamid told this at a press conference on Monday after the review meeting on the …
Read More »Tea producers want 20pc subsidy to boost export
The apex body of tea producers has requested the government to provide a 20 per cent subsidy, in addition to the existing export incentive facility to the tea sector, with a view to boosting the export of the widely-consumed drink. The Bangladesh Tea Association (BTA) recently sought the facility like …
Read More »India’s rupee breaches 80 per dollar, hits new record low
The Indian rupee fell to more than 80 per US dollar for the first time on record on Tuesday, as the greenback extended its rally and foreign capital outflows intensified. The rupee 80.0600 against the greenback soon after trading started, Bloomberg data showed. High inflation and rising interest rates in …
Read More »Oil price jumps
Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread Covid-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose $2.44, or 2.4 per cent, to $103.60 a barrel by …
Read More »E-commerce Scams: Year passes, few get redress
Over a year has passed since government agencies cracked down on several e-commerce platforms for not providing refunds or delivering products of thousands of customers after luring them with hefty discounts. Only a few got to avail redress. The scope of getting redress is narrowing as some of the accused …
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