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Bangladesh’s per capital GDP to be $2,138.794 in 2021: IMF
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13 Oct 2021, 20:49
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Bangladesh's per capita gross domestic product (GDP) will be US$2,138.794 in 2021 which is higher than the neighboring India, according to the International Monetary Fund (IMF).
The per capita GDP of India will be US$2,116.444 in 2021.
The projection came from the World Economic Outlook 2021 of the IMF titled "Recovery During a Pandemic Health Concerns, Supply Disruptions and Price Pressures", released on Tuesday.
The Washington-based multilateral lender also projected that Bangladesh's economic growth will be 6.5 per cent in the current year. The IMF trimmed the
projection for the global growth to 5.9 per cent for this year in contrast to its previous estimation of 6.0 per cent. It, however, kept unchanged the global growth at 4.9 per cent for the next year.
"The global recovery continues, but the momentum has weakened, hobbled by the pandemic," said the report.
Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions and further feeding inflation in many countries, said the IMF.
"Overall, risks to economic prospects have increased and policy trade-offs have become more complex."
Partially offsetting those changes, projections for some commodity exporters have been upgraded on the back of rising commodity prices.
If higher inflation becomes entrenched, it could force central banks to respond aggressively and higher interest rates would slow the recovery, the IMF cautioned.
Source: BSS
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Khaleda Zia's jail term extended by 6 months
The government has extended the release period of BNP Chairperson Khaleda Zia by six months. Her release has been extended for the eighth time by executive order of the government.
The Ministry of Home Affairs issued a notification in this regard on Wednesday (March 27).
Earlier on March 20, Law Minister Anisul Huq said Khaleda Zia's release period would be extended by six months on two conditions.
During the extended period, Khaleda Zia will receive treatment from her own residence in Dhaka and she will not be able to leave the country during this time.
Prices of diesel, kerosene cut by Tk 2.25 per litre
The government has reduced the price of diesel and kerosene by Tk 2.25 per liter in line wwith the automated price formula. According to the new price, diesel and kerosene will be sold at Tk 106 per liter. The new prices will be effective from April 1.
However, the prices of octane and petrol are the same as before. Accordingly, octane will be sold at Tk 126 per liter and petrol at Tk 122 per liter.
The Ministry of Power, Energy and Mineral Resources issued a gazette notification in this regard on Sunday (March 31). The price has been fixed in the light of the automatic pricing guidelines of petroleum fuel across the country.
Earlier, On February 29, the government issued a gazette notification over “Fuel Pricing Guidelines”. Later, on March 7, the notification of adjusting the price of fuel oil was published according to the first pricing formula.
Intelligence agencies working to strengthen security: Home Minister
Home Minister Asaduzzaman Khan said police and intelligence agencies are working to strengthen security across the country ahead of the upcoming Eid-ul-Fitr.
He said this after a meeting for the upcoming Eid-ul-Fitr at the Home Ministry conference room at the Secretariat on Monday (April 1).
The minister said all measures will be taken to maintain law and order across the country during Eid-ul-Fitr. Police and intelligence agencies will be deployed alongside uniformed police to prevent theft, robbery, hijacking, extortion and terrorist activities.
He said police patrols will be in all important places, big cities and ports, including the diplomatic areas of the capital. Besides, special measures will be taken to maintain law and order on waterways.
Court accepts charge sheet against Dr Yunus, 13 others
A Dhaka court accepted the charge-sheet filed in a case against against Dr Yunus, 13 others for allegedly embezzling Tk 25 crore from the company.
Dhaka Metropolitan Sessions Judge Ash Shams Zaglul Hossain passed the order today (April 2) for further proceedings
the case was sent to Dhaka Special Judge Court-4. The court fixed May 2 for the next hearing of the case.
Grameen Telecom director, Md Shahjahan, one of the accused who failed to appear before the court on this day, the court canceled his bail and issued an arrest warrant.
Earlier, Dr. Yunus and other accused appeared in the court around 1:45 pm.
On May 30 last year, the Anti-Corruption Commission (ACC) filed a case against 13 people, including Nobel Laureate Muhammad Yunus, for embezzling Tk 25.22 crore from Grameen Telecom's workers' welfare fund. Gulshan Anowar Pradhan, Deputy Director of Anti- Corruption Commission filed the case.
On February 1, ACC Deputy Director Gulshan Anwar Prodhan, also the investigation officer of the case, submitted the charge sheet against 14 people, including Dr. Muhammad Yunus.
DMP to provide special security in Dhaka ahead of Eid
Dhaka Metropolitan Police (DMP) Commissioner, Md Habibur Rahman has said there is no threat to the upcoming Eid ul-Fitr.
Besides, special security measures have been taken for 24 hours in Dhaka during the Eid holidays.
He said this at a press conference after visiting the Eid market at Bashundhara Shopping Complex in the capital on Tuesday noon (April 2).
DMP commissioner said, "There is no threat centering the Eid festival. As The capital becomes empty during the long Eid holidays.
Security has been arranged keeping this in mind in the security plan."
He said about 1.5 crore people will go out of Dhaka during the Eid holidays. At this time Dhaka city remains empty. So we would advise the city dwellers to be aware of their valuables and be aware. Special security measures have been taken by the police for 24 hours ahead of Eid.
Gold prices hitting record high, breaks all records
Bangladesh Jeweller's Association (Bajus) has fixed the new price of gold.
The price of 22-carat gold has been increased by Tk 1,750 to Tk 1,15,824 per bhori, according to a notification issued by Bangladesh Jeweller's Association (BAJUS) on Saturday.
Besides, the price of 21 carat gold has been fixed at Tk 1,10,575, 18 carat gold at Tk 94,770. Although the price of gold has increased, the price of silver has been kept unchanged.
According to the notification, the price of gold has increased in the local market. Considering the overall situation, BAJUS has fixed the new price of gold. The new prices will be effective from Sunday (April 7).
Eid shopping reaches its peak
The last time shopping is going on everywhere ahead of Eid ul-Fitr. People are buying clothes, shoes, cosmetics, ornaments and other necessities for their loved ones.
On Sunday (April 7), Shoppers are in a rush to shopping malls, centres and roadside shops in the capital's New Market, Bashundhara City, Aarong and Jamuna Future Park in the capital as Eid shopping gets its peak. People of all classes are buying the necessary items as per their choice. But there are also allegations of overcharging.
As Most of the people will leave the capital for village homes ahead of Eid ul-Fitr, so shoppers are in rush to finish Eid shopping.
Traders said that although there is Eid shopping throughout the month, at the last moment, there is a huge crowd every time. As time goes on, sales are increasing. Hopefully, this will continue to be a great sale till the day before Eid.
The last time shopping is going on everywhere. People are buying clothes, shoes, cosmetics, ornaments and other necessities for their loved ones.
