The government will provide 1.5 lakh tonnes of rice to 50 lakh families at subsidised prices and sell meat, eggs, and other essential items at low prices in Dhaka during Ramadan.
Jatiyo Party MP and Deputy Leader of Opposition asks parliament
Finance Minister Abul Hassan Mahmood Ali today said the economy is recovering and the prices of different commodities are decreasing
Police yesterday halted and charged truncheons on a procession of Ganatantra Mancha marching towards to the Secretariat to protest rising commodity prices, “looting of banks”, and money laundering.
Prime Minister Sheikh Hasina yesterday hoped that it would be possible to rein in the price hike of daily essentials during Ramadan and urged all not to pay heed to rumours regarding prices going up.
Consumers are bracing for multiple price shocks ahead of Ramadan that usually marks a period of high household spending.
Business leaders yesterday expressed anger over extortion in the supply chain of commodities, pinning the nuisance as a major barrier to containing the prices of essentials.
Justice M Enayetur Rahim, a senior judge at the Appellate Division of the Supreme Court (SC), today instructed the media to make reports positively and carefully, saying that prices of products sometimes increase due to the role of media.
The government’s promise of containing the prices of essentials ahead of Ramadan seems to be only on paper as the prices of key items instead rose over the last month.
The industries ministry has backtracked on its decision to hike the price of sugar produced by state-run sugar mills.
The Bangladesh Poultry Association has blamed extortion on roads and syndicates for the recent price hike of eggs and chicken.
Though there is currently no supply crunch in the country, a section of unscrupulous importers and traders have already hiked the prices of essentials, creating an artificial crisis to make extra profits ahead of Ramadan, said a home ministry report.
Commerce minister, in parliament, says task force formed to regulate prices during Ramadan
Mohammad Shahid looked at the shopkeeper in Karwan Bazar in disbelief after hearing that a kg of onions was selling for Tk 120.
"We discussed the import of perishable items from India. We have discussed in detail so that we get 50,000 tonnes of onion and 1 lakh tonnes of sugar before Ramadan."
The National Board of Revenue yesterday cut customs tariffs on rice, sugar and dates and removed the value added tax on edible oil imports in an effort to help the government boost supply and contain prices of the four commodities during Ramadan next month.
Former foreign minister AK Abdul Momen today in parliament said some criminals in his constituency are regularly extorting money from essentials laden trucks
Aiming to rein in the runaway price of potatoes, the government has approved the import of 34,000 metric tonnes of potatoes through the Hili land port from India.