Author Archives: in2report

Exports In 1st 10 Months Show Moderate Growth

Country’s exports to key destinations like Germany, the UK and France posted a modest growth in the first 10 months (July-April) of the current fiscal year (2013-14) compared to the same period in the last fiscal (2012-13), according to a news agency. During the July-April of fiscal 2013-14, exports to Germany totalled $ 3,912.84 million,

State Owned Jute Mills in Dire Financial Straits

Govt owned jute mills in Khulna industrial belt are going through a severe financial crisis for various reasons, including inability to sell their produced goods. Some jute mills including private ones are facing closure due to acute crisis of raw materials. Most mills cannot purchase raw materials and pay workers’ wages failing to sell large

University Grants Commission Okays Tk 2015cr For Public Universities

University Grants Commission of Bangladesh (UGC) has approved the original budget of Tk 2015.46 crore for the country’s public universities for fiscal 2014-2015 and the revised budget of Tk 1824.70 crore for fiscal 2013-2014. The UGC approved the budget in its 137th Full Commission meeting held on Monday with UGC Chairman Prof Dr AK Azad

Govt Plans to Setup 60MW Solar Park at Raozan

The government is going to set up a 60 megawatt solar power project at Raozan in Chittagong in the private sector. Once implemented, officials said state-owned Power Development Board (PDB) will purchase electricity from the solar park. “This will be the country’s largest ever single solar project with the highest capacity,” Power Division Joint Secretary

Jatiya Sangsad Passed National Budget For 2014-15

Jatiya Sangsad (JS) passed the national budget for fiscal year 2014-15 (FY15) involving Tk 2 lakh 50 thousand 506 crore, expecting to uphold the current pace of development to achieve a middle income country status as enshrined in the Vision-2021 of the alliance government of Prime Minister Sheikh Hasina. The JS also adopted the Appropriation

Padma Bridge to Induce 1.2% GDP Growth: FM

Finance Minister AMA Muhith said the construction of Padma Multipurpose Bridge is “our topmost priority.” He said it would create a direct road link between 19 districts of south-west region and Dhaka along with northern region of Bangladesh. “Once completed, this will induce a growth to the tune of 1.2 percent of GDP per year,”

Bangladesh Bank Creates Fund For New Entrepreneurs

Bangladesh Bank (BB) has created a refinancing fund of Tk 100 crore for the new entrepreneurs in micro, small and medium sector (MSM). “The fund has been created to ease the funding to the new enterprises in the MSM sector who have already got training under the entrepreneurs development programmes by the government or private

India Wants To Resolve Bilateral Issues

Visiting Indian External Affairs Minister Sushma Swaraj on Thursday said India wants to resolve all the bilateral issues between Bangladesh and India once and for all through cordial discussions as it is looking forward to a very positive and growing relationship with Bangladesh, reports UNB. “We want to resolve all the bilateral issues once and

Government Is Going To Enact A Formalin Control Law

The government is going to enact a formalin control law to check widespread use of the chemical solution across the country. A ministry official said the proposed law will empower deputy commissioners (DC) and upazila nirbahi officers (UNO) to monitor and control use of formalin. As per a provision of the drafted law, taking licence

Various Projects to Boost Chittagong Port Capacity

Chittagong Port Authority taken various projects to boost capacity of Chittagong Port Chittagong Port Authority (CPA) has undertaken various projects to enhance capacity of the country’s premier seaport, keeping pace with its growth. The CPA plans to keep the port free from pollution following ‘Greenport Concept’. In this regard, initiatives have been taken to maintain