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

Big banks plan $170b climate financing

A band of leading multilateral development banks (MDBs) revealed at climate summit here their estimated annual collective financing worth US$170 billion for low-and middle-income countries.Meanwhile, in an LDC meeting with United Nations Secretary- General Antonio Guterres on the sidelines of COP29 Wednesday, Chief Adviser of the interim government of Bangladesh...

Budget deficit financing bloats govt bank borrowing to Tk 595b

Hefty budget-deficit financing bloats government borrowing to Tk595.16 billion in the first four months of the current fiscal year and much of the money goes for repaying debts to the central bank. Officials said Wednesday the ministry of finance borrowed Tk 595.16 billion from all the scheduled banks through issuing...

Home ministry senses volatility in edible oil prices in Ramadan

The home ministry has sounded an alarm about a possible crisis of edible oils during the holy month of Ramadan in March next, and suggested ensuring adequate stock of the key essential.It also recommended the Ministry of Commerce (MoC) and all divisional commissioners to prepare for facing the situation likely...

Writ petition seeks cancellation of power deals with Adani Group

A writ petition has been filed with the High Court (HC) seeking directives to cancel all 'one-sided' power deals signed with the Indian Adani Group. Challenging the legality of the Power Purchase Agreement signed on November 5, 2017, between the Bangladesh Power Development Board (BPDB) and Adani (Jharkhand) Limited, Supreme...

2,460kg polythene seized, three factories sealed in Dhaka

During an operation in Dhaka's Chawkbazar, 2,460 kg of polythene were seized, and three factories sealed.The polythene was seized and the factories sealed during an operation against polythene manufacturers in Dhaka's Chawkbazar.The operation was carried out on Wednesday, reports UNB.The crackdown on polythene production will continue in the future, said...

Adviser dismayed by persistent price rises

Inflation combat works little as the Finance Adviser himself is dismayed by the persisting volatility in commodity prices despite government interventions, including import-duty cuts."A deep chaos has been created on the market. We faced wrath of people though we have lessened all duties on commodities. But price has not gone...

BB sets fees for online tax payments to simplify filing

To encourage online income tax payments and easing compliance for taxpayers, Bangladesh Bank has set specific charges for transactions made through cards, internet banking, and mobile financial services (MFS) or payment service provider (PSP) wallets under the e-Return system, reports UNB.According to the National Board of Revenue (NBR), the charges...