Finance Ministry
Defaulted loans: Another ‘success,’ 5 times increase in just 12 yrs
The amount of defaulted loans in the country’s banking sector has crossed Tk 1000 billion now. In case you do not have a calculator nearby to assess the amount, at least four Padma bridges could have ...
Govt to procure 100,000 tonnes of wheat from Russia
The government has taken a decision in principle to procure some 100,000 metric tons of wheat from Russia on G2G basis under direct procurement method
‘Interest rates cut on savings certificates won’t affect marginalised investors’
Finance minister AHM Mustafa Kamal on Wednesday said that the recent interest rates cut on savings certificates would not affect the small and marginalized investors.
E-commerce, MLM, cooperatives
Tk 210b plundered from 2006 to 2021
A total of 280 e-commerce firms, MLM companies and cooperative societies have plundered Tk 210 billion in the last 15 years. Lavish profit and discounts were offered to customers in all the cases
Supreme Court justices to get home loans up to Tk 10m
From now on, chief justice and other justices of the Supreme Court can borrow up to Tk 10 million (1 crore) in home loans with a 4 per cent interest from banks
Budget 2021-22: Challenge lies in implementation
As per the rules, on 30 June, the last day of the financial year, the parliament passed the budget of Tk 6.03 trillion for FY2021-22, which is to be effective from 1 July, the first day of the new ...
Heated Debate in Parliament
Why money launderers remain untouched
The question is does the government really want to prevent money laundering?
Zero tolerance for corruption in financial sector: Finance minister
Finance minister AHM Mustafa Kamal on Monday told parliament that 15 laws will be enacted within the next one year as the government is pursuing a zero-tolerance policy against irregularities in the ...
Cabinet approves proposed budget for 2021-22 fiscal
The cabinet at a special meeting on Thursday approved the proposed national budget for the fiscal year 2021-22, which is also the 50th national budget, seeking to revive the pandemic-hit economy
Budget 2021-22
Budget should include a vaccine roadmap
The finance minister must provide a clear instruction regarding a mass vaccination in his budget speech today
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