Friday 29th of March 2024
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Headlines : * 16 new Covid cases reported in country   * Japan to provide 2,294 m Japanese Yen to Bangladesh; deals signed   * BNP wants to nullify meaning of independence: Obaidul Quader   * Rain with temporary gusty wind likely over Country   * 3 die as bus hits auto-rickshaw in M`sing   * 15 ferries, 20 launches to ply on Daulatdia-Paturia route during Eid   * Six houses gutted in Rangamati fire   * Baltimore divers recover 2 bodies from harbor after bridge collapse   * Bangladeshi youth shot dead by police in US   * Govt to import 50,000 metric tons of onion from India  

   Business
Bangladesh raises remittance incentive to 2.5%
  Date : 29-03-2024

Online Desk : The start of the new year has already brought good news for expatriate workers as the Bangladesh government has raised its remittance incentive.

The cash bonus for remittances will be increased from 2 percent to 2.5 percent and will take effect from Jan 1, according to a notice from the Ministry of Finance, reports bdnews24.com.

The ministry called the decision a ‘New Year’s gift from the prime minister to expatriate workers’.

According to the notice, the decision was made to improve the overall living standards of the people, increase foreign exchange reserves, prevent money laundering, create employment and ensure remittance sent by expatriates can be used for the development of Bangladesh.

Following the policy’s introduction, inward remittances increased 13 percent to $16.2 billion in FY2020 from a year earlier. In FY2021, the remittance inflow rose 36 percent year-on-year to $24.6 billion.



  
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