Finance News: Latest Financial News, Finance News today in Bangladesh

12kg LPG cylinder price cut by Tk 28 for June

Bangladesh Energy Regulatory Commission (BERC) has set the retail price of 12 kg LPG as Tk 1,403 for June, making it cheaper by Tk 28. The BERC slashed the LPG selling price for private operators in line with the downtrend of oil and gas prices in international market.The new prices...

Tk 4.05b budget allocated for July uprising victims

Finance Adviser Dr Salehuddin Ahmed proposed an allocation of Tk 4.05 billion (Tk 405 crore) on Monday for the families of martyrs from the July mass uprising and injured individuals in the national budget for the fiscal year 2025-26."I am proposing an allocation of over Tk 4.05 billion for the...

30pc power from renewables by 2040

The government has decided to generate 30 per cent of the country's total electricity from renewable sources by 2040.An Integrated Power Sector Master Plan (IPSMP) has already been prepared, and under it, a target has been set to generate 3,400 MW of electricity from clean sources by 2028, Finance Adviser...

Initiatives proposed to create 15,000 new SME entrepreneurs

The government has proposed initiatives to create 15,000 new entrepreneurs in the small and medium enterprises (SME) sector over the next three years.Additionally, it plans to train 25,000 SME entrepreneurs to facilitate the establishment of product display and sales centres in divisional cities, organise regional SME product fairs in districts,...

Finance Adviser Dr Salehuddin Ahmed arrives at BTV Bhaban

Finance Adviser Dr Salehuddin Ahmed arrives at BTV Bhaban in Dhaka on Monday to present the National Budget for fiscal year 2025-26. — PID

No excise duty on bank deposits up to Tk 300,000

Good news for low and middle-income account holders as the interim government has proposed waiving excise duty on bank deposits up to Tk 300,000.Finance Adviser Salehuddin Ahmed shared such relaxation while unveiling the proposed budget for the 2025-26 fiscal year.At present, anyone having minimum bank deposit of Tk 100,000 must...

Plan to cut electricity generation cost by 10pc

The interim government has planned to reduce the overall cost of power generation by 10 per cent.Finance Adviser Dr Salehuddin Ahmed unveiled the government's plan in his recorded budget speech televised on Monday."If this plan can be implemented, it is estimated that the cost of electricity subsidy of more than...

Tk 1.0b fund to be introduced to back up young entrepreneurs

Finance Adviser Dr Salehuddin Ahmed on Monday proposed to introduce a new fund of Tk1.0 billion for supporting the young entrepreneurs, as well as another Tk1.0 billion fund to hold youth festival."I propose to create a new fund of Tk1.0 billion for the young entrepreneurs. This is the first time...

Decline in agro growth hits overall economy in FY'25

Bangladesh's agricultural growth has dropped significantly in the outgoing fiscal year (FY2024-25), falling to just 1.79 per cent compared to 3.3 per cent in FY2023-24.Experts warn that this notable slowdown in agriculture-the country's largest employment-generating sector-could have a ripple effect on the broader economy.In response, the government has increased budgetary...

Tk 41.66b for free medical services to poor

The Finance Adviser Salehuddin Ahmed proposed allocating an additional Tk 41.66 billion for providing free medical services to the poor in the country in his budget speech for the 2025-26 fiscal year on Monday.An allocation of Tk 10 billion for the Expanded Programme on Immunization was also proposed for the...

Govt to raise foodgrain procurement target for FY'26

After securing an impressive 3.38 million tonnes of foodgrain for public storage in the outgoing fiscal year (FY2024-25), the government has set a higher procurement target of 3.7 million tonnes for the upcoming fiscal year (FY2025-26).To meet this target, the proposed allocation for foodgrain procurement-both domestic and international-has been raised...