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After the government announced 21 stimulus packages involving more than Tk 1,21,000 crore to tackle the pandemic fallout, 39.23 percent of the total amount or Tk 47,615 crore was disbursed till October 31, according to a report of the finance ministry.
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Private sector credit growth dropped heavily in October due to the eroding confidence of businesses amid the potential threat of a second wave of coronavirus infections.
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Prime Minister Sheikh Hasina has directed ministries to undertake new projects cautiously to avoid unnecessary public expenditure as the government will have to spend a considerable amount money to procure Covid-19 vaccines to immunise the whole nation, officials said.
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The government is likely to approve a Tk 101 crore scheme today to promote cultivation of improved varieties of grass among dairy and beef cattle farmers to boost yields and reduce their high dependence on concentrate feed.
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The government’s efforts to fast-track the construction of Payra deep-sea port in Patuakhali has received a blow as the primary infrastructure development project is set to be delayed by two years while the cost will go up by Tk 1,024 crore.
