It is a chronic disease, it is contagious, and like any other dangerous disease, prevention is better than cure. Once this infection spreads its strong tentacles, it is often untreatable. It squeezes the life blood out of all morality, honesty, integrity or any such values and principles. It is a deadly disease, Benjis. Given the […]
Commenting on there being nothing new in the proposed budget, Salehuddin Ahmed said, “The budget has been presented in challenging times. But I don't see anything new in it. The figures from the previous budget have just been shuffled around. It is being said that the budget is contractionary, but if you look at the […]
An announcement in this regard is likely to be made at the time of presentation of the national budget on June 6. Two years ago, an opportunity was given to legalize undeclared money with a 10 percent tax. But later it was cancelled due to lack of response. Although the next year an opportunity was […]
Responding to a question about bank mergers, Chris Papageorgiou said that this initiative of Bangladesh Bank is needed because of the 61 banks of Bangladesh, some are very strong while others are not. The IMF team expressed satisfaction that Bangladesh has introduced the monthly fuel oil price adjustment system. Chris Papageorgiou commented, “The authorities have […]
In a separate circular, the central bank has brought back the six-month moving average rate of treasury bills (SMART) system in determining loan interest rates, with a view to transition towards a completely market-based system for loan interest rates. Announced to take. At the same time, the upper and lower limits of the policy interest […]
Faisal explained how people from different communities in India are being threatened and instigated against other groups through social media. Moving forward, he stressed on increasing the integrity and transparency of social media. According to Rezwan Islam, communications and outreach coordinator at Engage Media, the roles of individual users, fact-checkers, journalists and others will be […]
Digital banks also cannot provide any over-the-counter services and must provide round-the-clock service. To provide better services to the consumers, developed technology-based products including virtual cards, QR codes can be introduced but no plastic cards can be supplied. However, consumers can use ATM booths and agents of other banks to avail the services. Apart from […]
The Bangladesh Shop Owners Association said the prices of 29 food products, including fish, meat, eggs, pulses and vegetables set by the Department of Agricultural Marketing (DAM) at the producer, wholesale and retail levels are absurd. The association also said that the prices estimated by DAM at the producer level are a figment of their […]
The Prompt Corrective Action (PCA) rules state that banks will be classified on the basis of five indices. They are – Bank Capital Adequacy Ratio, Tier-1 Capital Ratio, Common Equity Tier (CET1), Actual Defaulted Loans and Corporate Governance or Good Governance. Tier-1 capital ratio is shareholders' capital, which is the sum of the bank's capital […]
Bangladesh University of Engineering and Technology (BUET) spent Tk 314,477 for each student in 2022, up from Tk 298,000 last year. The cost in Chittagong University in 2022 was Tk 144,670, and last year it was 119,924. The per student cost at Jahangirnagar University in 2022 was Taka 186,000, and last year it was Taka […]
Central bank spokesperson Mazbaul Haq told a media conference on Tuesday that rules will be made on the methodology and procedure banks will have to follow for mergers, following global practices. This conference was called because various speculations had become widespread regarding the merger of weak banks and their better performing banks. Mazbaul Haq said […]
Good governance, policy support necessary in financial sector
Before increasing the electricity prices, the government has increased the prices of gas used in electricity generation. The new price of Rs 14.75 per unit will be implemented from next February for all government and private power generation plants. Earlier the price was 14 taka.
Various police contingents organized spectacular parades to commemorate Police Week. The theme of this year's Police Week is 'Smart Police, Smart Country, Bangladesh Peace and Progress'. The Prime Minister awarded Bangladesh Police Medal (BPM-Bravery) and 60 others with President's Police Medal (PPM-Bravery) for their courageous actions. Apart from this, 95 police members also received BPM […]
Exporters say the global economy is going through stress due to the coronavirus pandemic, followed by the Russia-Ukraine war and the Hamas-Israel war. Demand for various products including readymade garments has decreased. In these difficult times, the size of the Export Development Fund (EDF) was reduced last year. The cost of business is continuously increasing. […]