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Monday, April 20, 2009

Highlights of the stimulus Of Bangladesh

The New Age

Highlights of the stimulus

* Of the Tk 3,242 crore package
* Tk 1,500 crore will go to agriculture sector
* Tk 500 crore will be spent on agriculture loan recapitalisation facility
* Tk 600 crore for power sector
* Tk 374 crore for social security (food)
* Tk 450 crore for export sector.
* The export sectors, which will get the allocation, are:
* Jute and jute goods
* Leather and leather goods and
* Frozen foods
* Tk 1,050 crore has already been allocated for these sectors in the current budget. Now the amount for these three sectors will be Tk 1,500 crore.
* These three export-oriented sectors will get 2.5 per cent increase in their existing cash incentives.
* Jute and jute goods will get 10 per cent cash incentive, 2.5 per cent up from existing 7.5 per cent.
* Leather and leather goods will get 17.5 per cent, 2.5 per cent rise from existing 15 per cent and frozen foods 12.5 per cent, 2.5 per cent up from existing 10 per cent.



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