Over-estimated revenue target affects budget feasibility: World Bank The World Bank (WB) Wednesday found the government’s revenue projections in the national budgets beyound its mobilization capacity. This, it said, creates fiscal imbalance, leading to problems in their implementation. The National Board of Revenue (NBR) lacks the capacity of mobilizing the
Read MoreSavers squeezed by low interest rates Savers are now counting negative returns on their money once inflation and tax are taken into account. Even the declining inflation rate could not protect the depositors from seeing their savings get squeezed or become negative in real terms. Most of the banks now
Read MoreBangladesh Bank expands low-cost fund for apparel exporters The central bank has increased the limit of the low-cost Export Development Fund for apparel exporters to USD 20.0 million from existing USD 15.0 million. “This has been one of our demands,” said Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters
Read MoreDefaulted industrial loans up BDT 46.1 billion in Jul-Mar The amount of defaulted loans in the industrial sector in the July-March period of this fiscal year increased by BDT 46.1 billion from that in the same period of the previous fiscal year due to a dull business environment and a
Read MoreBanks’ excess liquidity falls slightly The overall excess liquidity with the commercial banks decreased slightly in May, following the recent higher credit growth particularly in the private sector, officials said. The excess liquidity fell by nearly 2.0% to BDT 1.17 trillion in the first week of May from BDT 1.19
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