Bizdata Insights Main Logo

BizData Insights

Social Safety Net Allocation Faces Constraints Amid Inflation

The government’s allocation for social safety net programs is expected to see minimal growth in the next fiscal year, despite the challenges faced by low-income individuals due to soaring inflation. According to a finance ministry draft plan, social security programs are projected to receive around Tk 1.2 lakh crore, accounting for approximately 15.76 percent of the Tk 7.61 lakh crore budget for 2023-24. Although this allocation is slightly higher than the current fiscal year’s figure of Tk 1.13 lakh crore, it represents a decrease as a percentage of the total budget.

The plan aims to increase support for the elderly, widows, and destitute women, including raising allowances for these groups. However, allocations for open market sales and vulnerable group feeding programs, which assist in food procurement for the poor, will remain unchanged. Employment generation programs will receive a boost of Tk 5,000 crore.

Source for more details:

Related News

Health Department’s 10 Guidelines for Private Healthcare

February 24, 2024

The Department of Health has issued 10 guidelines for private hospitals, clinics, and diagnostic centers. These include displaying licenses prominently, appointing an information officer, and adhering strictly to the services allowed by their license category. Each doctor's professional degree, registration, and appointment letter must be on record.

Transcom Group Faces Turmoil Amid Tk10,000 Crore Dispute

February 24, 2024

A once-respected conglomerate, Transcom Group, faces internal turmoil after the passing of founder Latifur Rahman. Second-generation heirs, in a dispute over wealth distribution, accuse the current chairman and CEO of fraud and breach of trust, allegedly depriving them of their rightful share of the Tk10,000 crore family wealth.

Govt Reverses 14% Sugar Price Hike Decision

February 24, 2024

The Ministry of Industries initially decided to raise state-run sugar mill prices, but later reversed the decision due to public concern. The Bangladesh Sugar and Food Industries Corporation (BSFIC) had increased retail sugar prices by 14%, reaching Tk 160 per kilogram, prompting the government's reconsideration.

Air Arabia Eyes Expansion in Bangladesh After 17 Years

February 24, 2024

Air Arabia plans to expand its business in Bangladesh, considering it a key route, with 17 years of successful operation in the country. The CEO highlighted Bangladesh's aviation growth, averaging 3-4% annually, and Air Arabia's strategic presence with 57 weekly flights to Dhaka and Chattogram.

Japan Contributes $5.4 Million to WFP for Rohingya Crisis

February 24, 2024

The World Food Programme (WFP) received $5.4 million from Japan to aid Rohingya crisis response, adding to previous contributions. The funding aims to alleviate hunger and malnutrition among Rohingya refugees, with 90% facing food insecurity and 15% of children suffering from malnutrition.

50 Tonnes of Coconuts Imported from India for the First Time

February 24, 2024

Bangladesh imported 50 tonnes of coconuts from India for the first time via the Hili land port in Dinajpur. The consignment, originating from Tamil Nadu, arrived in two trucks, marking a significant event in local trade. The imported coconuts, priced at $250 per tonne, were brought in by local business organization "M/S Nasat Traders" to meet high demand in the domestic market.

Related News

Health Department’s 10 Guidelines for Private Healthcare

February 24, 2024

The Department of Health has issued 10 guidelines for private hospitals, clinics, and diagnostic centers. These include displaying licenses prominently, appointing an information officer, and adhering strictly to the services allowed by their license category. Each doctor's professional degree, registration, and appointment letter must be on record.

Transcom Group Faces Turmoil Amid Tk10,000 Crore Dispute

February 24, 2024

A once-respected conglomerate, Transcom Group, faces internal turmoil after the passing of founder Latifur Rahman. Second-generation heirs, in a dispute over wealth distribution, accuse the current chairman and CEO of fraud and breach of trust, allegedly depriving them of their rightful share of the Tk10,000 crore family wealth.

Govt Reverses 14% Sugar Price Hike Decision

February 24, 2024

The Ministry of Industries initially decided to raise state-run sugar mill prices, but later reversed the decision due to public concern. The Bangladesh Sugar and Food Industries Corporation (BSFIC) had increased retail sugar prices by 14%, reaching Tk 160 per kilogram, prompting the government's reconsideration.

Air Arabia Eyes Expansion in Bangladesh After 17 Years

February 24, 2024

Air Arabia plans to expand its business in Bangladesh, considering it a key route, with 17 years of successful operation in the country. The CEO highlighted Bangladesh's aviation growth, averaging 3-4% annually, and Air Arabia's strategic presence with 57 weekly flights to Dhaka and Chattogram.

Japan Contributes $5.4 Million to WFP for Rohingya Crisis

February 24, 2024

The World Food Programme (WFP) received $5.4 million from Japan to aid Rohingya crisis response, adding to previous contributions. The funding aims to alleviate hunger and malnutrition among Rohingya refugees, with 90% facing food insecurity and 15% of children suffering from malnutrition.

50 Tonnes of Coconuts Imported from India for the First Time

February 24, 2024

Bangladesh imported 50 tonnes of coconuts from India for the first time via the Hili land port in Dinajpur. The consignment, originating from Tamil Nadu, arrived in two trucks, marking a significant event in local trade. The imported coconuts, priced at $250 per tonne, were brought in by local business organization "M/S Nasat Traders" to meet high demand in the domestic market.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here