• Monday, May 23, 2022
  • Last Update : 04:24 pm

Tk875 crore export subsidy released

  • Published at 11:34 pm July 10th, 2014

The government has released Tk875 crore of cash subsidy on exports, specially jute and readymade garments, to facilitate payment of salaries and bonus before Eid.

Leaders of readymade garments exporters’ associations have earlier demanded release of the outstanding cash subsidy so they could pay the workers’ dues.

The amount released would, however, be more than half of around Tk1,500 crore the associations demanded.

The finance ministry yesterday disbursed the amount – Tk734 crore for RMG exports and Tk137 crore for jute and jute goods – against exports during October to December period of last year.

The subsidy was disbursed in accordance with Bangladesh Bank requisition based on reports by different commercial banks.

Earlier, garments exporters had sought disbursement of cash subsidy within July 10 so they can pay the workers’ salary ahead of Eid-ul-Fitr and avert possible labour unrest.

Meanwhile, different labour organizations already warned of unrest unless their salaries and allowances are not paid before the Eid. 

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail