Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Friday, August 14, 2020

Fish and chicken prices have come down

Fish and chicken prices have come down

Fish prices have come down in the week. The sellers say that the price of all kinds of fish has come down a bit as the price of hilsa is relatively low at present.

There is also a downward trend in the chicken market. However, eggs are being sold at the previous high prices. Besides, although beef or mutton is now available in a couple of shops, its price remains unchanged.

The picture was found on Friday (August 14) while visiting Rampura Raw Bazaar, Moghbazar, Malibagh, Malibagh Railgate, Khilgaon, Shantinagar and Segunbagicha Raw Bazaar in the city.

In these markets, the price of golden and domestic chicken has come down by Rs 20 to Rs 50 per kg in a week. However, the boiler is being sold at the previous price. At present per kg boilers are being sold at 125 to 135 rupees. Layer chicken is being sold at Rs 220, white layer at Rs 180 per kg.

Cock chicken reduced by 20 rupees to 230 rupees, golden chicken from 240 to 250 rupees per kg. Domestic chicken is being sold at 550 rupees per kg with a reduction of 50 rupees. Small roast 

chickens have been found to be sold at Rs 450 to Rs 500 per kg, down by Rs 50.

Beef is being sold at 580 rupees per kg in these markets. Khasi meat was sold at Tk 80 and goat at Tk 720 in a few shops. But eggs are being sold at high prices. Dozens of red eggs are being sold at 110 to 115 rupees. Domestic chicken eggs 160 rupees. Golden chicken eggs are being sold for 150 rupees. And duck eggs 130 to 140 rupees a dozen.

From 10 to 30 rupees per kg, in these markets, raw fish is being sold at 250 to 300 rupees, desi tengra at 350 to 450 rupees, river tengra (large) at 500 to 600 rupees, horn (depending on the size) at 220 to 350 rupees, desi horn at 600 rupees, pabda. 280 to 350 rupees, desi shrimp (small) 300 to 350 rupees, kai 150 to 180 rupees, rui (depending on the size) 180 to 300 rupees, mrigel 160 to 280 rupees, pangas 100 to 150 rupees, tilapia 100 to 140 rupees and katal 180 It has been seen to be sold for 300 rupees.

Hilsa weighing 1.5 to 1.5 kg is being sold in these markets at a price of Tk 1,000 to Tk 1,050 per kg. Hilsa weighing one kg is being sold at 900 to 1000 rupees. Hilsa weighing 650 grams costs 800 to 750 rupees. Hilsa weighing 500 grams is being sold at 450 to 500 rupees. Small hilsa varies in size from 300 to 350 rupees.

Kaddus, a fishmonger in Rampura Bazar, told banglanews that now that the price of hilsa has come down, the price of all fish has come down. If buyers get hilsa at a lower price, they will not eat fish anymore, that's why. However, if less fish is caught in the hilsa river, the price of other fish will go up again.

Poultry trader Borhan told banglanews that the demand for chicken was high on Eid. The supply was low. This increases the price. Even though the chicken is still the same, the buyer is not the same as before. Due to this the price is decreasing.

Tuesday, August 11, 2020

New dimension of economy after Eid

New dimension of economy after Eid

In the midst of the ongoing Kavid-19 epidemic, almost all types of industries have been set up in compliance with the hygiene rules. Shopping malls and shops have been opened. But the economy is not freezing due to declining demand. Meanwhile, Eid, the biggest religious festival, has come to the door.
DAILY JOYPURHAT

As a result, after the opening of offices, courts and industries after the Eid holiday, a new dimension will be added to the country's economy, experts said. Because the supply of money will increase at a significant rate in the whole country centering on Eid-ul-Azha. Again, new money will reach the hands of some people. In the meantime, new export orders have started coming. The production and shipment process of some of these orders will start after Eid.

As a result, the process of revolving the stagnant economy will be further strengthened. In order to maintain the high growth rate of the country's GDP, the activities of both the public and private sectors need to be further enhanced. In particular, there is no alternative to increasing private investment. In this case, all development activities of the government should be kept active. Experts believe that government policies and other assistance should be increased to increase industrial production and create employment. Meanwhile, the pace of Kavid-19 infection has not slowed down yet. Infections and deaths are increasing every day. However, in the meantime, economic activities have started in the country in compliance with the health rules. Of course, such economic activities have started all over the world. In this situation, the concerned people think that the country's economy is trying to turn around. There is no alternative to keeping the wheels of the industrial sector moving to revive the economy and increase employment. At the same time, it is very important to continue to help the farmers to keep the domestic production (agriculture) of the country normal and to activate the transportation system and reduce the cost of transportation. Due to Kavid-19, online system for transportation or delivery of goods for health protection is becoming popular. Therefore, experts believe that more policy support and tax exemptions are needed to expand online business.

Several incentive packages worth lakhs of crores of rupees have been announced to deal with the disaster of Kavid-19. The implementation of those packages has already started. Entrepreneurs are thinking of starting a business with new loans. On the other hand, in the name of cost-cutting, many well-known companies are implementing decisions like cutting the salaries of their employees as well as retrenching them. However, experts have criticized the retrenchment or reduction of salaries. They say that in order to revive the economy, it is necessary to increase production on the one hand and demand on the other.

And in order to increase production, the motivation of the workers has to be increased. As a result, decisions such as layoffs will reduce industry output. If we want to increase the demand again, we have to increase the supply of money in the hands of the people. We have to create a mindset of enjoyment. But creating mass unemployment will reduce people's consumption mentality, which will reduce basic needs. It will take a long time for the economy to turn around. All types of educational institutions have been shut down to prevent coronavirus infection. Although almost all types of offices-courts, shops are open. The wheel of the industrial sector has started turning. The wheel of interest on bank loans is also turning automatically. As a result, the challenge of the industrial sector is coming in the coming days. For this, the industrial sector has to provide policy support. Former caretaker government adviser economist said. In this context, AB Mirza Azizul Islam told Bangladesh Pratidin that it will take time for the country's economy to turn around. Because the whole world is still in a state of panic. Attempts are being made to normalize everything though following hygiene rules. In addition, it was initially thought that the effect would be prolonged. But it's not just protracted, its impact may not be known right now.

As a result, the impact on the economy is much greater. He said there is still uncertainty about the global Corona situation. In many countries, the infection is on the rise for the second time. As a result, the future of the economy seems to be very difficult. Although our internal production is quite good. Especially bumper agricultural production has put us ahead a lot. Abul Qasim Khan, former president of the Dhaka Chamber of Commerce and Industry (DCCI), told Bangladesh Pratidin that the Cavid-19 situation has further complicated the already existing crisis in Bangladesh's economy.

Among these, employment, infrastructure, energy, tax structure are very old problems. Now the tax structure needs to change to revive the post-Cavid-19 economy. Policy needs to be simplified. Taxpayers need to be comfortable. In order to boost trade, some things have to be made free. Then the economy will expand. Employment will increase. Production will increase. New new demands will be created.

For this, it is necessary to increase the tax net and reduce the tax rate. Traders need to be given freedom in some matters. Investment capacity needs to be increased. The banking sector has always been our source of income. The government takes money from this single sector and the private sector also depends on this sector. For this, alternative sources of finance have to be created. The stock market is a good source for raising capital. From there it is possible to increase investment by raising capital. As a result, confidence in the stock market must be restored. "We need to do more to attract foreign investment," he said.

For example, one stop service has been introduced in many concerned offices. It needs to be made more effective. We can use the investment policies of Vietnam, China, Korea and some other countries as a model. Then he thinks that foreign investment will increase. Bangladesh Institute of Development Studies (BIDS) said. Nazneen Ahmed told Bangladesh Pratidin that the wheel of industry has started turning in compliance with the hygiene rules. Our agricultural production
Record in remittances even in epidemics, first in the history of Bangladesh

Record in remittances even in epidemics, first in the history of Bangladesh

The expatriates have sent a record amount of remittances in one month even during the Corona epidemic. Never before in the history of Bangladesh has so many remittances come in a month.


In July alone, remittances sent by the expatriates amounted to US ২ 2.6 billion (2.7 billion). The information was given in a circular signed by the public relations officer of the finance ministry Gazi Touhidul Islam on Monday.

Remittances for the whole of last June stood at ৮ 1.633 billion, the statement said. This time in July alone, remittances reached ৬ 2.6 billion.

In order to continue this upward trend of expatriate income, various measures including timely 2 per cent cash incentive of the government have important implications, it was mentioned in the notification.

Besides, the highest foreign exchange reserves in the history of Bangladesh have been raised to US ৭ 36.27 billion so far.

On June 30, Bangladesh's foreign exchange reserves were 38.018 billion US dollars. Until then it was the highest in the history of Bangladesh.

Finance Minister AHM Mustafa Kamal has expressed his gratitude and thanks to the expatriates for this unique record of remittances in the country.

"We are working towards an additional অর্ 3-5 billion in the current fiscal year," he said. In the future, we will take all the strategies to legalize remittances.

The finance minister said, "Expatriates have an unconditional love and affection for the country." Obstacles to their remittances will be removed. 'News: UNB News
 3 percent cash incentive for sending remittances to Agrani Bank - daily joypurhat

3 percent cash incentive for sending remittances to Agrani Bank - daily joypurhat

State-owned Agrani Bank is giving special incentives on remittances to stay by the side of expatriates at the time of coronavirus (Covid-19) epidemic. The government is giving 2
percent cash incentive for sending remittances to the country legally. However, sending remittances to Agrani Bank is getting one percent more incentive. In other words, if you send remittance to this bank, you will get 3 percent cash incentive.

The bank's managing director (MD) Mohammad Shams-ul Islam said the current government has announced a 2 per cent incentive on remittances in the last 2019-20 fiscal year. It has also been effective in the current financial year. This is a timely step.

He said that in addition to the government's incentives, Agrani Bank is giving 1 per cent more incentives on remittances. In other words, if an expatriate sends remittance through Agrani Bank, he will get one percent more incentive along with the 2 percent incentive announced by the government. This incentive is being given to increase the flow of remittances. This incentive has been introduced since the last month of Ramadan and will continue till the next Eid-ul-Azha. At this time, expatriate Bangladeshis will enjoy this facility if they send remittances to Agrani Bank.

"We have taken such an initiative to maintain this continuity," said Shams-ul Islam, a leading bank in remittance collection among government banks. Agrani Bank's Singapore exchange office has also developed an app to commemorate the birth centenary of Bangabandhu Sheikh Mujibur Rahman. Singaporean expatriates are able to send remittances to the country through apps without coming to the bank. As a result, our bank continues to collect remittances during the epidemic.

It is learned that most of the remittances from state-owned banks in the just-concluded financial year came through Agrani Bank. In the 2019-20 financial year, remittances through the bank came to 17 crore 26 lakh dollars. Forty percent of the remittances received by the six state-owned banks came through Agrani Bank. In the last financial year, remittances to state-owned banks reached ৪ 435.46 billion.

Despite the coronavirus epidemic, a record amount of remittances has been collected in the country. According to the central bank, in the just-concluded 2019-20 fiscal year, the expatriates sent a total amount of 1,620.49 million dollars to the country. The amount in domestic currency (75 rupees per dollar) is one lakh 54 thousand 742 crore rupees. Never before has so much money come to the country. In other words, this is the year of highest remittance collection in the history of the country. Earlier, in the 2018-19 financial year, the remittance in the country was one thousand 742 crore dollars. As a result, remittances have increased by 16 crore 53 lakh dollars or 15 thousand crore taka in the just ended financial year as compared to the previous financial year.

According to the central bank, remittances reached ৮ 183.25 billion in June, the last month of the just-ended fiscal year. Which is ৬ 467.3 million more than the same period last year. In June last year, remittances came to 136 crore 42 lakh dollars. Last June's ৮ 173 million remittance was the highest in a single month. The previous record for the highest monthly remittance was ৭ 164.61 billion in May last year.

Wednesday, April 15, 2020

Players will not receive incentive package money

Players will not receive incentive package money

Only the affected industries and services will get the benefit of the incentive package announced by Prime Minister Sheikh Hasina. No money or loan defaulters will receive the money allocated from the package. A directive in this regard has been issued by Bangladesh Bank on Sunday.
The directive said only those industries and services that have been affected by the coronavirus will be covered. ‘Debtor loan / investment recipients will not be eligible for loan / investment facility under this package.
Apart from this, if any loan / investment of a loan / investment recipient organization is rescheduled more than three times after being classified as bad / harmful, such loan / investment recipient organization will not be entitled to loan / investment facility under this package.