Timely stimulus packages helped economy rebound: PM
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
January 31, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, JANUARY 31, 2023
Timely stimulus packages helped economy rebound: PM

Bangladesh

UNB
06 October, 2020, 03:00 pm
Last modified: 06 October, 2020, 03:40 pm

Related News

  • FBCCI seeks PM's directives on not increasing gas price over 57%
  • PM unveils new book on Bangabandhu and his government
  • 'Rambo' Rabuka returns as Fiji prime minister
  • PM will surely look into Hefazat-e-Islam's demands: Home minister
  • PM inaugurates, lays foundation stones of 35 projects in Chattogram

Timely stimulus packages helped economy rebound: PM

"If we want to keep the wheels of the economy moving, we have to provide money to these sectors and groups"

UNB
06 October, 2020, 03:00 pm
Last modified: 06 October, 2020, 03:40 pm
Prime Minster Sheikh Hasina chairs the virtual Ecnec meeting from her official residence Ganobhaban, on October 6, 2020. Photo: PID
Prime Minster Sheikh Hasina chairs the virtual Ecnec meeting from her official residence Ganobhaban, on October 6, 2020. Photo: PID

Prime Minister Sheikh Hasina on Tuesday said the national economy has made a turnaround with its desired pace due to the government's timely decision to give stimulus packages to various sectors and groups during the Covid-19 pandemic.

"We've taken the step at the right time…we didn't think about how much money we've or what we've, we just thought about keeping our economy moving," she said.

The Prime Minister said this while speaking at the weekly Ecnec meeting held at NEC auditorium. She attended it virtually from her official residence Ganobhaban.

Sheikh Hasina said the idea behind giving the various packages to different industrial sectors, including agriculture, SMEs, heavy industries and RMG sector, and other groups like the poor, day-labourers and distressed people during the pandemic period was to keep the wheels of the economy moving.

"If we want to keep the wheels of the economy moving, we have to provide money to these sectors and groups…we have to transfer money to the hands of people," she said.

So far, the government has announced 21 stimulus packages worth USD 13.25 billion which is equivalent to 4.03 percent of the country's total GDP.

Hasina mentioned that cash incentives to various groups of mass people and sectors have helped the overall economy rebound greatly.

She said the government has given utmost importance to the agriculture sector to keep its development for improving the production of food grains so that people do not suffer from food scarcity in any way. "And we've been able to maintain that."

About the stimulus packages, the Prime Minister said the government has given incentives to business people and they returned to their own businesses from the time they had started receiving those.

"We didn't leave behind any sector in providing the stimulus packages…we've been able to reach out to all sorts of businesses; we've given them money, cash and incentives in time. This has enabled them to continue their businesses," she said.

Hasina mentioned that the day-labourers also started getting their jobs back while the businesses started rolling out again.

She said the government has given incentives to the agricultural sector directly and given it to SMEs, heavy industries, RMG sector and other industries phase by phase.

As a result, she said, the economy has regained its pace.

Top News

Timely / stimulus packages / helped / economy rebound / PM

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Think of the poor when adjusting prices
  • Illustration: TBS
    IMF reform suggestions reasonable
  • Dr Salehuddin Ahmed. Illustration: TBS
    Reforms for country's sake, not just IMF loan

MOST VIEWED

  • Bapex calls candidates for job test 9 years after advert!
    Bapex calls candidates for job test 9 years after advert!
  • Photo: Saqlain Rizve
    Bangladeshi university students identified as problematic users of Facebook, internet: Study
  • Matarbari coal-power plant, one of the projects funded by Japan International Cooperation Agency (Jica)-funded projects.
    More than 50% Japan-funded projects lagging behind
  • Picture: Collected
    US Embassy condemns recent incidents of visa fraud
  • 690 audit objections worth Tk1.06 lakh crore placed in JS
    Pension scheme for people aged 18-50 gets JS nod
  • Four top bankers arrested in DSA case filed by S Alam group 
    Four top bankers arrested in DSA case filed by S Alam group 

Related News

  • FBCCI seeks PM's directives on not increasing gas price over 57%
  • PM unveils new book on Bangabandhu and his government
  • 'Rambo' Rabuka returns as Fiji prime minister
  • PM will surely look into Hefazat-e-Islam's demands: Home minister
  • PM inaugurates, lays foundation stones of 35 projects in Chattogram

Features

Photo: Collected

Tips to incorporate sustainable construction

12h | Habitat
Photo: Noor-A-Alam

How did mud walls find their way into urban designs?

14h | Habitat
Spotify is among the tech platforms that saw record growth during Covid lockdowns
Photo: DW

Could tech layoffs spread to rest of US economy?

17h | Panorama
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

17h | Panorama

More Videos from TBS

Adani’s shares fell sharply after allegation

Adani’s shares fell sharply after allegation

3h | TBS World
Why was Messi was blocked on Instagram?

Why was Messi was blocked on Instagram?

2h | TBS SPORTS
Who will benefit if the Buriganga Rail Bridge is opened?

Who will benefit if the Buriganga Rail Bridge is opened?

35m | TBS Stories
Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management

Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management

5h | TBS Insight

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

4
Photo: Collected
Energy

8 Ctg power plants out of production

5
Photo: Saqlain Rizve
Bangladesh

Bangladeshi university students identified as problematic users of Facebook, internet: Study

6
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net