Govt faces challenges in settling huge debts to Adani
Govt faces challenges in settling huge debts to Adani

Adani Power has escalated its efforts to recover dues from Bangladesh, with the companys Chairman Gautam Adani threatening to cut off the power supply unless payments were made. The warning was issued in a letter to the chief advisor of the interim government Prof Muhammad Yunus. The interim...

Revenue deficit hits 31,000 crore taka in four months
Revenue deficit hits 31,000 crore taka in four months

Government is facing a severe revenue shortfall, with a deficit exceeding 30,000 crore taka in the first four months of the fiscal year, raising serious concerns about the implementation of the national budget. The country is grappling with high inflation, a liquidity crisis in banks, sluggish...

$14-24b ADP lost to political extortion, bribery during AL regime
$14-24b ADP lost to political extortion, bribery during AL regime

The White Paper on state of Economy of Bangladesh reveals dark secret of the development projects during Sheikh Hasina regime. According to the report, $14-24 billion (1.61-2.80 lakh crore BDT) of $60 billion invested in ADP and development projects has been lost to political extortion, bribery,...

Hasina's dark chapter in white paper
Hasina's dark chapter in white paper

The final report of the White Paper Publication Committee, formed by the interim government, has revealed a damning picture of the economic mismanagement and corruption under Sheikh Hasinas rule. According to the report, at least Tk 1.75 lakh crore (approximately $16 billion) was looted over the...

Tk10, 000cr development cost cut in 4 months
Tk10, 000cr development cost cut in 4 months

Around Tk 10,000 crore development expenditures under the Annual Development Program (ADP) have decreased in the first four months (July to October) of the current fiscal year. ADP implementation has been Tk 21978.17 crore or 7.90 per cent in the first four months which was Tk 31,692.26 crore...

Govt's bank loans reach Tk 59516 crore in first quarter of fiscal year
Govt's bank loans reach Tk 59516 crore in first quarter of fiscal year

To cover the budget deficit, the government borrowed Tk 59,516 crore from the banking system in the first four months of FY 2024-25, with a significant portion directed to repaying debt to Bangladesh Bank. A confidential report from Bangladesh Bank reveals that the Ministry of Finance raised Tk...