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

Actual inflow of concessional loans keeps sliding

The inflow of concessional loans for financing the national budget has remained lower than the original targets over the years, according to budget documents.Such inadequate foreign funding for the budget leaves a negative impact on the government's ability to finance deficit.The deficit is estimated at 5.0 per cent of the...

World Cup 2018 kicks off today

The long-awaited 32-nation FIFA World Cup 2018 begins today (Thursday) with hosts Russia taking on Saudi Arabia in the opening match at the Luzhniki Stadium in Moscow, reports agencies.The match will kick off at 9.00pm Bangladesh time.A total of 32 football teams, split into eight groups, will participate in this...

Public investment returns belie expectations

The government's growing public expenditure has failed to yield expected results due to unproductive spending, economists said Wednesday. In its national budget, the government has set a target to spend public funds equivalent to 18.3 per cent of the Gross Domestic Product (GDP) in the upcoming fiscal year (FY) 2018-19.The...

Home-goers’ rush rises significantly ahead of Eid

The homebound people's rush from the capital towards their village homes across the country increased significantly on Wednesday ahead of the Eid-ud-Fitr.Apart from schedule breakdown, the holidaymakers had to face hassles on the day due to heavy crowd at bus and launch terminals as well as rail stations like Kamalapur...

‘No VAT on remittance’

The National Board of Revenue (NBR) on Wednesday dismissed a rumour that Value Added Tax (VAT) has been imposed on remittance in the proposed budget for the upcoming fiscal year (FY), 2018-19.In a statement, the NBR said the rumour, spread by a section of unscrupulous people through the social media,...

Govt targets 5G trial-run in July

The government has chalked out an ambitious plan to roll out a test-run of fifth generation wireless systems, abbreviated as 5G network services, in the country.As per the plan, the 5G trial-run will be held in the second week of next month (ensuing July). Minister for Post, Telecommunication and ICT...

News Watch (14-6-2018)

Moon sighting body meets tomorrowA meeting of the National Moon Sighting Committee will be held tomorrow (Friday) to review the news of moon sighting of the holy month of Shawal and fix the date for Eid-ul Fitr of 1,439 Hijri. The meeting will be held at the meeting room of...