Irrigation by surface water is steadily expanding in different parts of the country while the use of groundwater is declining thanks to the government’s move to re-excavate canals and build rubber dams.
The rice production growth in Bangladesh is slowing as the room for a further expansion of modern high-yielding varieties (HYVs) has squeezed amid reducing cropped area and growing use of agricultural land for non-farm purposes.
Businesses are making a higher profit from selling sugar and lentil in packages, breaching the rules of essential commodity distribution and affecting consumers, said a Bangladesh Trade and Tariff Commission (BTTC) report.
Indian Oil Corporation Ltd (IOCL) will be required to pay various charges and give bonds to transit petroleum from Meghalaya to Tripura through Bangladesh, according to a notification from the National Board of Revenue (NBR) at the end of last week.
The food ministry has again granted more time to business to open letters of credit (LCs) for importing rice as shipments continue to be very low while prices of the grain are rising due to the recent spike in fuel costs, according to a notice on Wednesday.
A move by the National Board of Revenue asking for sharing the user identification and password of companies’ accounting software has created concerns among businesses, which said such a measure would give negative signals about the business climate in Bangladesh and discourage investors.