Tk 1.85 billion cash subsidy released to various sectors
Tuesday, 18 November 2008
FE Report
The government has released Tk 1.85 billion cash subsidy to the major exporting sectors to facilitate payment of salaries and benefits to their workers before the Eid-ul Azha festival.
Following the government order, the finance ministry has released the fund for distribution to the entitled sectors and sub-sectors through the Bangladesh Bank (BB).
Of the Tk 1.85 billion, the ready-made garments (RMG) sector will receive over Tk 870 million, frozen foods Tk 550 million and leather Tk 240 million.
In the budget for the fiscal 2008-09, the government allocated Tk 10.0 billion in cash incentives for exporters. Of the amount, it has released Tk 3.05 billion ahead of Eid-ul Fitr.
The government has introduced the cash incentives for the leading export earners to help them stay competitive in the international market.
The government has released Tk 1.85 billion cash subsidy to the major exporting sectors to facilitate payment of salaries and benefits to their workers before the Eid-ul Azha festival.
Following the government order, the finance ministry has released the fund for distribution to the entitled sectors and sub-sectors through the Bangladesh Bank (BB).
Of the Tk 1.85 billion, the ready-made garments (RMG) sector will receive over Tk 870 million, frozen foods Tk 550 million and leather Tk 240 million.
In the budget for the fiscal 2008-09, the government allocated Tk 10.0 billion in cash incentives for exporters. Of the amount, it has released Tk 3.05 billion ahead of Eid-ul Fitr.
The government has introduced the cash incentives for the leading export earners to help them stay competitive in the international market.