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Budget 20-21: Will be taking toll on banking sector?

Md Zillur Rahaman

AHM Mustafa Kamal, the Finance Minister of Bangladesh, has placed a hefty ambitious budget of tk 5.68 trillion for the upcoming financial year 2020-21. Moreover, he has set a tax revenue target of Tk 3.30 trillion. The proposed budget is 13 per cent bigger than the revised outlay of the outgoing fiscal year. The finance ...

Covid-19: Remittance nosedive & the fate of expatriates

Md Zillur Rahaman

The expatriates have a lot of contribution in our national economy, those send remittances to Bangladesh through their hard labour. Remittance is considered the life blood of our national economy. Remittance has become an important aspect for the developing countries like Bangladesh for socio- economic advancement. It is the second-highest source of foreign currency earnings ...

Role of Zakat to mitigate the sufferings of COVID-19 hit people

Md Zillur Rahaman

The United Nations World Food Programme (WFP) warned that the COVID-19 pandemic could almost double the number of people suffering acute hunger, pushing it to more than a quarter of a billion by the end of 2020 around the world. The number of people facing acute food insecurity stands to rise to 265 million in ...

COVID-19 outbreak: Time to testify patriotism

Md Zillur Rahaman

Patriotism grows inside us when we experience patriotic events. Our knowledge and devotion to country incubate in our hearts when we participate in singing the national anthem, say the pledge of allegiance, study the inception history of a country, attend parades that include military personnel, visit monuments, enjoy patriotic movies or cinema and even attend ...

COVID-19 shakes global job market & remittance flow

Md Zillur Rahaman

The scale of job losses is likely to hit unprecedented levels in the coming days and months as business activity in cities, municipalities and states around the world is brought to a sudden halt in an attempt to lessen the spread of the COVID-19 pandemic.During the financial crisis in 2008, most of the central banks ...

COVID-19: Pandemic could disrupt global food supply

Md Zillur Rahaman

The World Health Organization (WHO) on March 11 declared COVID-19 a pandemic, pointing to the so many serious cases of the coronavirus illness in over 177 countries and territories around the world and the sustained risk of further global spread. The WHO said that this is not just a public health crisis, it is a ...

COVID-19 outbreak: Digital banking in crisis period

Md Zillur Rahaman

Government decided to close all government offices and its services from March 26, 2020 to April 4, 2020 except hospitals, limited banking services and emergency utility service providers. The Shop Owners Association of Bangladesh across the country have also decided to shutdown all shops and supermalls except food, medicine and life supporting services' business.During this ...

COVID-19 impacts surge out the global economy

Md Zillur Rahaman

The coronavirus outbreak, which originated in China, has infected more and more people severely across the world and considering its depth of gravity, the World Health Organisation (WHO) declared it as pandemic. Its spread has left businesses around the world counting costs.A global, novel virus popularly known as COVID-19 that keeps us contained in our ...

COVID-19: Fight for prevention & treatment

Md Zillur Rahaman

The World Health Organization (WHO) on March 11 declared COVID-19 a pandemic, pointing to the so many serious cases of the coronavirus illness in over 119 countries and territories around the world and the sustained risk of further global spread. The WHO said that this is not just a public health crisis, it is a ...

‘Sonali Bag’: Biodegradable alternative to polythene

Md Zillur Rahaman

Jute is one of the major cash crops that is produced in large quantity in our country. The fibre obtained from jute is a useful material and used in making a number of things such as sacks, coarse cloth, carpets, curtains, chair coverings, area rugs, hessian cloth, backing for linoleum etc. But it is really ...