Budget-support funds from foreign financiers look uninspiring
Budget-support funding from foreign financiers seems drying up as only US$750 million has so far been confirmed although the financial year nears end with the economy facing unanticipated shocks amid global crises. The country faces severe fund shortages caused due to heightened subsidy pressure amid the ongoing Mideast mayhem.Finance Ministry...
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A surfeit of 'high-powered' money stokes inflation concern
A surfeit of 'high-powered' money in the economy stokes concern about inflation upturn as reserve money more than doubled in terms of year-on-year growth as of February.The central bank of Bangladesh has injected Tk 200 billion in printed money into economy recently to feed government expenditure needs, economists say.Bangladesh Bank...
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Govt to stick to its guns on tax exemptions
The government is unlikely to withdraw the time-bound tax-exemption facilities as suggested by the International Monetary Fund (IMF).Officials say although the IMF has advised the government to abruptly phase out tax exemptions to raise the country's tax-to-Gross Domestic Product (GDP) ratio to 9.21 per cent by the next fiscal year,...
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Seven die of measles, related symptoms in 24 hrs
The health authorities on Friday reported seven more deaths, including three confirmed fatalities, due to measles and suspected infections.The total number of deaths rose to 240, including 42 confirmed casualties. As many as 1,215 measles-like infections and 172 confirmed cases were also reported in the past 24 hours until Friday...
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