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Fuel price hike was avoidable ''BPC's Tk 48,000cr profit overstated; now to make Tk 205cr per month" Child killed as school gate falls on him BRT project: DMP urges Dhaka airport-bound passengers to start early Impact of fuel price hike being assessed: Finance Minister Reckless motorcycle riding leaves 2 friends dead in Jashore Passengers at mass hearing share bitter experiences at the Dhaka airport State Bank of India to manage visa centres in Bangladesh for 2 more years, agreement signed Sri Lanka proposes constitutional amendment to clip presidential powers Martin Scorsese lauds local entrepreneur and filmmaker as “pioneer of cinema” Exploring mental health in superhero shows Parties sitting together hallmark of democracy ‘When you lose after scoring 300, 250 looks like 200’ With or without Shakib is the question US the main instigator behind Ukraine crisis: China
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Business

Non-banks asked to cut energy bills by 25%

Star Business Report
Wed Jul 27, 2022 06:26 PM Last update on: Wed Jul 27, 2022 06:29 PM
Bangladesh Bank
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The Bangladesh Bank today asked non-bank financial institutions (NBFIs) to cut their energy bills by at least 25 per cent.

The funds that would be freed up from the reduction in the power and energy expenses cannot be redirected to other sectors, the central bank said in a notice.

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The directive will be in effect until further notice.

On Tuesday, the BB set a target for banks to cut their electricity and energy consumption for the next one year in keeping with the government's move aimed at saving power amid deepening energy and foreign exchange crises.

Banks have to cut back on their allocation for the use of petrol, diesel, gas and lubricants by at least 20 per cent.

Besides, banks will have to save 25 per cent of their budget set aside for paying electricity bills.

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