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Hassan said Bangladesh’s apparel exporters are importing substantial volume of raw materials from India and the transit time from India to Bangladesh is crucial

The Cabinet Committee on Economic Affairs (CCEA)  approved on Wednesday a proposal in principle to procure 30 Oxygen generator plants under Direct Procurement Method (DPM).

The government is going to import 50,000 tonnes of rice from India at Tk 32 per kilogramme, which is 32 per cent below the wholesale prices of coarse grain in the local markets of Dhaka.

Suspended since May 01 this year, the import of stones and limestones through Bholaganj LC station from the Indian state of Meghalaya would begin tomorrow (Thursday), official sources informed.

The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes.

The government may need to increase subsidy by an additional sum of Tk 165 billion in the power sector during the current fiscal year.

A commissioner of the securities regulator has urged the stakeholders to refrain from making ‘illogical’ and ‘unnecessary’ comments which generate debate in the stock market.

Trade deficit of Bangladesh widened by nearly 28 per cent in the just-concluded fiscal year for higher import-payment pressure on the economy amid lower receipts from external trade, officials said.

Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.

Exports declined in July as reduced working days for Eid-ul-Azha and coronavirus containment measures affected the production and shipment of most of the items, including clothing, the main foreign currency earner.