BANGLADESH AFFAIRS

ECONOMY

# According to human development report, 2010 –
-         Bangladesh- 129th.
-         Most income per head – Lichtenstein.
-         Least income per head – Zimbabwe.
-         Most educated – Estonia and Latvia -99.8 %.
# 16th land port of Bangladesh is Ramgar (Khagrachari).
# Highest tax payer of Bangladesh in 2009-10 –Grameen Phone.
# The first woman director of Bangladesh Bank is Hannana Begum.
# The fifth specialized bank of Bangladesh is Probasi Kalyan bank.
# The per head GNI of Bangladesh is now 751 dollars.
# Contribution in GDP 1. Agriculture but singly is garments.
# Most poor division of Bangladesh is Barisal.
# The government is planning to build the country's third seaport and a dockyard at the estuaries of Ramnabad and Andarmanik rivers at Kalapara of
Bangladesh and Russia signed a five-year framework agreement on cooperation for the peaceful use of nuclear energy to make ways for nuclear power plants to meet the growing power demand in the country. A high-level delegation from Russia will visit Bangladesh soon to take forward next steps in implementing the Rooppur Nuclear Power Plant Project. Bangladesh side requested the Russian authorities to assist in establishing two nuclear reactors with the capacity of 1,000 megawatt each.
# 2008-09- Export of Bangladesh is 97.5 thousand crore taka.
# Bangladesh has economic relation with 179 countries.
# Currently Bangladesh is exporting medicine in 86 countries. Bangladesh will get privilege to export medicine in developed countries till 2012.
# TRIPS-Trade Related Aspects of Intellectual Property Rights. The signatory of this pact must oblige the rules of Bern Convention. Bangladesh is a member of these treaty.
# Bangladesh Development Bank has embarked by merging Shilpa Bank and Shilpa Rin Sangstha. Its purpose to help industrialization.
# Bangladesh has exported 171 items to 189 countries in fiscal year 2008-09.
# (1.Garments 2. frozen foods 3. jute goods 4. leather products 5. chemical products) are 87%.
# This year rice production is more than 3 crore ton which is three times greater than 1971.

# Indian economy is 12 times bigger than Bangladesh.
# Currently the reserve of foreign currency of Bangladesh Bank is 1032 crore dollar.
# Remittance of 2009 is 10.7 billion dollars.
# Bangladesh is the 7th country on the basis of foreign currency earner.
# According to economic report, 2011 per head GNP of Bangladesh is 818 dollar.
# 80% income of Bangladesh govt are from revenue.
# Contribution in our economy-
   1. - 49.72
   2. Industrial - 30.33
   1. Agriculture - 19.95
# Active people in agriculture - 43.6%.
# Production of food in 2010-11 is 3.71 crore ton.
# Imported food in 2010-11 is 31.43 crore ton.

BUDGET FY 2011-12
# The national budget for the upcoming financial year is Tk 1,63,589 crore which is 18.2 per cent of the proposed Gross Domestic Product (GDP) worth Tk 8,99,670 crore.
# Its allocation for Annual Development Programme (ADP) is Tk 46,000 crore.
# Highest allocation for Public Administration - 14.6 & Education - 12.4 percent.

# Rate of GDP increment is 7% & inflammation is 7.5%

#  First PPP project of Bangladesh is Jatrabari- Gulistan flyover.

# Calculation for tax payers
    0,00,000 - 1,80,000—0%
   1,80,001 - 4,80,000—10%
   4,80,001 - 8,80,000—15%
   8,80,001 - 11,80,000—20%
   More than 11,80,000—25%

# Tax free for women and older person is 2,00,000 and difficulty people is 2,50,000.
# From 2011-12 budget 10% extra tax on assets has made up for the people who have assets more than 2 crore taka.
# Foreign investment in Bangladesh, 2010-
   Total foreign investment – 71 crore 60 lac dollar.
   UK is the highest investor with 8 crore 80 lac dollar.
   Highest investment in banking sector.