(2nd JANUARY 2021 TO 8th JANUARY 2021 )
Contributors : Malik Araf, Shudipto Ahmed, Mohammad Sifat and Tawsif Zaman
The World Bank has kept its projection of Bangladesh's economic growth unchanged at only 1.6% for the fiscal year 2020-21 in the latest report released yesterday.The forecast in the January 2021 Global Economic Prospects report is in stark contrast with the optimistic outlook of two other global lenders – the Asian Development Bank (ADB) and the International Monetary Fund (IMF) – as well as with the government's own projection.The World Bank, however, forecasts 3.4% growth of Bangladesh's gross domestic product (GDP) in the next fiscal year, expecting a widespread rollout of Covid vaccines.
More : https://tbsnews.net/economy/world-bank-keeps-bangladeshs-growth-forecast-unchanged-16-181846
In its report, Bangladesh Trade and Tariff Commission has proposed imposing a 30% regulatory duty on the import for the protection of local onion farmers. The report was recently sent to the Ministry of Commerce. According to the commerce ministry, the report recommends maintaining a regulatory tariff on the import from February to May every year.
The uniform digital payment method named 'Bangla QR', will help clients pay their bills for purchased goods and services through any mobile banking application, mobile financial service (MFS) or payment service provider (PSP).
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