Demographic Dividend

About 50 per cent of BD population are in the age bracket of 15 and 35

Public Service Delivery

BD in dire need of transparency and efficiency in all of its public service delivery

  • Remittance inflow drops in Q1

    Remittance inflow has dropped in the first quarter of the current fiscal year compared to the same period of the last year due to the sharp fall in manpower export amidst growing global recession.
    Country received US$3.93 billion remittance in July-September quarter of the fiscal year 2015-16, which was down from $4.0 billion in the same period of the last fiscal year, according to the latest data of Bangladesh Bank.
    The amount of remittance received in the first quarter was also down slightly from $4.05 billion in the last quarter of FY2014-15. Among the gulf countries, inward remittance from Saudi Arabia, UAE and Kuwait has increased in the first quarter but dropped from the other countries like Qatar, Oman, Bahrain, according to the central bank data.
    Expatriates from Saudi Arabia and UAE sent remittance of $848 million and $723 million respectively in the first quarter of the current fiscal year compared to $785 million and $704 million in the same quarter of the last year. Remittance inflow from Qatar dropped to $73 million in July to September quarter this fiscal year compared to $91.67 million in the same quarter of the last year followed by Oman to $235 million from $243.82 million, Bahrain to $135.51 million from 143.10 million.
    On the other hand, remittance from Kuwait increased to $284.37 million from 261.58 million. However, remittance inflow from the western countries also increased slightly in the first quarter of the current fiscal year compared to the same period of the last year. Country received $678.70 million remittance from USA in the July-September this year, higher from $648.38 million in the same period of the last year while remitter sent $347 million remittance from Malaysia in the first quarter, which was higher from $334.53 million in the same period of the last year.
    Again, remittance inflow from the UK was dropped to $232.42 million in the July-September compared to 240.36 million in the same period of the last year. Country’s foreign exchange reserve has crossed a milestone of $26 billion recently with the major contribution of remittance inflow. Bangladesh Bank projected 10 percent growth in remittances for the current fiscal year in its recent monetary policy for first half of fiscal year 2015-16.
    The foreign reserves are projected to keep rising to reach $26 billion in the FY16 from $25 billion in the FY15. The inflow of remittance in the country hit record $15 billion in the fiscal year 2014-15. The amount was 7.60 percent higher compared to $14 billion in the fiscal year 2013-14. 

  • Vegetables farmers in a fix with damp soil

    Farmers of Bogra, Kurigram, Rangpur, Gaibandha, Sirajganj, Jamalpur, Sherpur, Sunamganj, Pabna, Naogaon, Natore, Chittagong, Feni and Noakhali districts are facing problem in cultivating winter vegetables due mainly to muddy condition of the land caused by the recent floods. 
    Farmers said they could neither grow Aman crop for flood nor cultivate vegetables now on such a damp soil. 
    According to the Department of Agricultural Extension (DAE), nearly 0.25 million hectares of Aman and Aus land and 0.05 million hectares of vegetable fields in 24 districts witnessed partial to total damage due to the floods during the July-September period.
    Bogra, Kurigram, Rangpur, Gaibandha, Sirajganj, Jamalpur, Sherpur, Sunamganj, Pabna, Naogaon, Natore, Chittagong, Feni and Noakhali were the worst-affected districts.
    Experts said if the condition prolongs, this could lead to a low output making vegetables costlier.
    They said lack of stress-tolerant varieties of vegetables has put farmers in great difficulties which could only be removed with local indigenous seed varieties.
    Many winter vegetables have arrived in the markets in the city with much higher prices and in less in amount.
    The supply of early varieties is less now than that of the corresponding period of last year, according to the traders of key kitchen markets.
    Cauliflower, cabbage, winter tomato, local beans, spinach, radish, coriander leaves were in the market but in less amounts.
    Small-sized cauliflower and cabbage were sold at Tk 35-40 per piece, tomato at 90-120 a kg on Monday.
    Local bean was selling at Tk 120-160, radish at Tk 50-60, long bean at Tk 80-120 per kg and spinach at Tk 20-25 per bunch. 
    Prices of seasonal vegetables (Kharip-1, Kharip-2) were also higher. 
    Brinjal of Kharip season was selling at Tk 60 and Tk 80 per kg based on quality.
    Teasel gourd, sponge gourd, ridge gourd, bitter gourd, snake gourd, okra etc were selling between Tk 50 and Tk 100 per kg in the market which were Tk 30 and Tk 60 per kg during the corresponding period of last year, according to the Department of Agricultural Marketing (DAM). 

  • BB launches EFT

    Bangladesh Bank (BB) has launched the Electronic Fund Transfer (EFT) software for paying back the principal amount of different saving certificates on their maturity and the monthly interests accrue against the certificates.
    Governor of BB Dr. Atiur Rahman inaugurated the system at a programme at the central bank’s headquarters in the city on Sunday.
    “After launching the EFT software, people would no longer require to be in the banks to get the return from their investments in saving certificates as they would get paid the interest and the principal amount of saving certificates directly to the bank accounts through EFT, said the Governor.
    The central bank directed all banks last month to make necessary arrangement to transfer interest and principal amount of saving certificates to their respective client accounts through EFT.
    The banks were also advised to publicise the information to make public more aware about the direct transfer facility so they could get better services.
    BB will introduce another software - Real Time Gross Settlement (RTGS) system - introduced on October 29. The RTGS, also known as BB-RTGS or “Go Live”, is an advance technology that facilitates interbank electronic transfer of fund from one bank to another on a real time and gross basis.
    The RTGS will help boost business to business (B2B) transaction along with other general transactions by enabling instant settlement of high value local currency transactions as well as government securities and foreign currency based transactions.
    The Asian Development Bank (ADB) has provided financial support in implementing the projects

  • CPB, SPB-launched road march concludes

    Communist Party of Bangladesh (CPB) and Socialist Party of Bangladesh (SPB) concluded their five-day joint-road march to Sundarbans at on Saturday.
    The road march was concluded at Bagerhat after hilding a rally.
    SPB general secretary Khalequzzaman, its central leader Bazlur Rashid Firoz, CPB central leaders Monjurul Ahsan Khan, Ruhin Hossain Prince, among others, addressed the rally.
    Addressing the rally, the speakers demanded of the government to take necessary steps to save the Sundarbans.
    They also urged the local people to join at the national conventions to save the Sundarbans on November 14 which will be organised by the National Committee to Protect Oil, Gas, Mineral Resources, Power and Port.
    The two left parties started the five-day road march from Jatiya Press Club in the capital on October 13 demanding the cancellation of all types of environmentally harmful projects, including the under-construction coal-fired thermal power plants at Rampal.








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