Bangladesh’s budget deficit may shoot to as high as 10 per cent of the GDP in the current fiscal year as the government would have to keep spending more to tackle the brunt of the coronavirus pandemic amid a drastic fall in revenue generation, the World Bank said.
The Washington-based multilateral lender………
The central bank yesterday decided to introduce a credit guarantee scheme for the micro and small enterprises, the first of its kind in the country, giving a much-needed lifeline to the SME sector struggling to stay afloat.
The board of the Bangladesh Bank approved the scheme worth Tk 2,000 crore for the entrepreneurs in the cottage,………
With an eye mainly on China, India has amended rules imposing restrictions on public procurement from bidders of countries with which it shares land border, citing grounds of defence and national security, reports our New Delhi correspondent.
Bidders from these countries will be eligible only if they are registered with the Registration Committee constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) ….
The government yesterday gave yet another stimulus package worth Tk 3,000 crore for the export-oriented industries to help them provide wages and salaries to their workers for July.
This is the third stimulus package for the export-oriented industries, which are now actively running their units, since March.
Many flood-hit people are passing their days in starvation as the government’s relief allocation is insufficient, victims said.
In some places, flood victims alleged the local people’s representatives of nepotism in distributing relief, thus depriving those in actual need of aid.
Quest Diagnostics on Saturday received the first emergency authorisation from the US Food and Drug Administration to use pooled testing to help reduce its backlog of COVID-19 tests. The following is a description of how it works and the advantages and disadvantages of pooled testing.
How does pooled testing work?
She had never spent much money or time on beauty treatments; she had had few facials, and shopping at Sephora was rare. But when Dr Lara Devgan, a plastic surgeon in New York, reopened her office last month, Aubry went in for a consultation and got treated the same day. That office visit was one of the few outings she had taken since March.
The 15-member UN Security Council imposed an annual cap of 500,000 barrels in December 2017 in a bid to cut off fuel for North Korea’s nuclear weapons and ballistic missile programs.
But in a complaint to the UN Security Council North Korea sanctions committee, 43 countries – including the United States, Britain and France – said they estimated that in the first five months of this year Pyongyang had imported more than 1.6 million barrels of refined petroleum via 56 illicit tanker deliveries.
Aziz Abdul Alim, a resident of a village in the mountainous northern district of Chitral, was released last week from an emergency response centre after testing positive in early July.
“We were worried for him given his age, but he wasn’t worried at all,” Alim’s son Sohail Ahmed told Reuters on the phone from his village, close to Pakistan’s border with China and Afghanistan.
