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

Maximum fund goes to non-poor: Study

As many as 65 per cent of the fund from the government's social safety net programmes (SSNPs) goes to non-poor owing to nepotism, corruption, political consideration and clientelism in selecting beneficiaries, according to a CPD study released on Wednesday. The study styled "Efficiency of Delivering Social Protection Programmes in the...

Oxygen, ICU shortage in dists to blame

Dhaka div alone houses 70pc ICUs As Covid-19 pandemic raged through Bangladesh, the lack of affordable oxygen and ICUs (intensive care units) have left thousands to struggle to breathe at hospitals outside Dhaka.Many critical patients have not got access to key life-saving treatment facilities, thus losing battle to the lethal...

Govt to consider onion import tax cut: Kamal

As there is yet no sign of onion prices coming down, the government has started exploring various options to increase the supply in domestic market with a view to containing the price spiral.Finance minister AHM Mustafa Kamal said on Wednesday the government will consider the proposal for duty cut on...

21 more die, 1,615 test positive

Covid-19 claimed 21 more lives and infected 1,615 people in the country in the past 24 hours, ending on Wednesday morning, accumulating the total death toll to 4,823 and infections to 3,42,671.As per the death count, this is the lowest number of deaths in a day in the last one...

Suga formally voted in as Japanese PM

Japan's Yoshihide Suga was voted prime minister by parliament's lower house on Wednesday, becoming the country's first new leader in nearly eight years, as he readied a "continuity cabinet" expected to keep about half of predecessor Shinzo Abe's lineup, report agencies.Suga, 71, Abe's longtime right-hand man, has pledged to pursue...

Drawer has no obligation to pay if conditions not fulfilled

The Appellate Division of the Supreme Court has observed in a verdict that the cheque drawer has no obligation to pay the money to a cheque holder if the promise which was considered during issuing the cheque is not fulfilled. The court said, "Where the amount promised shall depend on...