by Rejaul Karim Byron in The Daily Star, Dec 29, 2023The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years. The interest payment stood at $237 million in July-November of the previous financial year of 2022-23, data from the Economic Relations Division (ERD) showed. The fund release for the mega projects…
Posts tagged as “interest”
By Kelum Bandara in Daily Mirror, Dec 12, 2023Colombo, Dec.12 – In the wake of the organisations from countries such as Russia, China, Denmark and the United States proposing to invest in nuclear energy, Sri Lanka Atomic Energy Authority (SLAEA) has given the green light for nuke power, an official said. Russia which has already invested in nuclear power generation in Bangladesh and India in the region has shown a keener interest in putting up…
report in The Island, May 17, 2023The Committee on Public Accounts (COPA) has questioned the failure on the part of the Inland Revenue Department to collect Rs 904 bn at a time the country was experiencing severe financial difficulties. The Parliament said that the total arrears in taxes, penalties and interest, due to the Inland Revenue Department, by December 31, 2022 under RAMIS and Legacy systems, is Rs. 904,342,180,778 (904 billion). It has been revealed…
by Rejaul Karim Byron in The Daily Star, Apr 16, 2023Bangladesh’s spending on subsidies and interest payments surged 45 per cent year-on-year in the first eight months of this fiscal year, turning out to be the highest in at least a decade. This resulted from an increased payment requirement from the coffer particularly to provide fertiliser, food and electricity at subsidised rates. From July to February in fiscal year 2022-23, the government spent Tk 56,222…
by Anil Giri in The Kathmandu Post, Feb 14, 2023Nepal and India held a foreign secretary level meeting on Monday where they discussed a range of issues of mutual interests. But they avoided broaching contentious issues related to boundary and border, submission of the final report of the Eminent Persons’ Group on Nepal-India relations, and resolution of the standoff over the Agnipath scheme on recruitment of Nepalis in the Indian Army. The meeting took place…
report in Prothom Alo, Feb 13, 2023Opposition BNP has no interest on who is going to be the next president of the country while the main opposition in parliament Jatiya Party has welcomed Mohammad Shahabuddin who is set to become the 22nd president of the country. Awami League nominated Shahabuddin is going to be the next president as no other candidate filed nomination for the top post of the state. JaPa chairman GM Quader said…