Bangladesh Bank maintains the accounts of the government. When revenue or loan is received, it is deposited in the government account. Salaries, loan payments, subsidies, project expenses and contractor bills are paid from this account. Many times the government’s account becomes empty. For this purpose, Bangladesh Bank has set a borrowing limit of Tk 120 […]
The report said such illicit financial flows are a major obstacle to development and good governance. They weaken domestic resource mobilization, reduce tax revenues, and hinder funding for public services and infrastructure investment. According to the GFI, larger economies tend to see higher levels of illicit financial flows due to their greater trade volumes. For […]
At around 2 o’clock in the night the truck reached Shah Ali Market of Mirpur-1. The driver said he usually had to pay Tk 100 as extortion money there, although no such payment is required at present. After unloading 50 sacks of cucumbers and 100 sacks of potatoes there, the truck went towards Caravan Market. […]
Lucky Das, assistant commissioner (land) of Naria upazila, told Prothom Alo that the joint forces went to a house in Naria municipality after receiving information that Jamaat-e-Islami activists were distributing money for election purposes. On receiving the information she also went there. A list related to distribution of money, a laptop and a hard disk […]
Currently, customers of bKash, Rocket, Nagad and other MFS providers can transfer up to Tk 50,000 per day and up to Tk 300,000 per month to other users. They can do a maximum of 50 transactions per day and 100 transactions per month. In response to the Election Commission’s request, BFIU has proposed that each […]
Akram opened a business firm in his wife's name in 2008 to legalise his illegal assets. However, according to the ACC report, there are no valid documents of that business. The ACC analysed the transaction history of 25 bank accounts and found that such a large amount of transactions is not commensurate with the size […]
Former commerce minister Tipu Munshi once said, the standard of living of the 40 million people in Bangladesh is equal to that of the people of Europe. But do the public representatives have any idea about the 40 million people at the bottom, immersed in extreme poverty, who are struggling to get decent food? According […]
The Criminal Investigation Department (CID) has arrested a person for embezzling money from various banks through fake documents and NID. Police said that accused Joynal Abedin has built a seven-storey building and purchased six apartments. CID chief and Additional Inspector General of Police Mohammad Ali disclosed this in a press conference at the CID office […]
For this reason, the Debt Management Department made several recommendations. These include making necessary arrangements in the electronic system of Bangladesh Bank for placing the bonds as collateral; To adjust the funds from the current accounts of the banks by releasing the lien of the collateral bonds on maturity and depositing those funds in the […]
Over the past year, the banking sector regulator has taken various initiatives to tackle high inflation. Also, some important steps were taken in line with the suggestions of the International Monetary Fund (IMF). In the previous monetary policy, Bangladesh Bank had taken initiatives such as introduction of interest rate corridor system, withdrawal of interest rate […]