2024-06-13 05:48:02
The finance division goes to subject a particular treasury bond of Tk 10 thousand 342 crore 16 lakh for fee of fertilizer subsidy arrears. Lately, a letter on this regard has been despatched to Finance Minister Abul Hasan Mahmud Ali for approval, based on Finance Division sources.
Finance Secretary underneath the title of particular treasury bond subject to pay the arrears of fertilizer subsidy. Md. In line with the letter signed by Khairuzzaman Majumda, the price of subsidies within the fertilizer and energy sectors has elevated as a result of covid-19 epidemic and post-covid instability, particularly the Russia-Ukraine warfare and the irregular enhance within the costs of meals merchandise, gasoline like oil and gasoline within the worldwide market. In view of the present state of affairs, the federal government is presently paying a part of the subsidy quantity within the fertilizer sector by issuing bonds as a substitute of paying straight.
It’s to be famous that the Prime Minister has already given precept approval to the proposal of subject of ‘Particular Treasury Bond’ for fee of excellent subsidy in electrical energy and fertilizer sector. Which incorporates Tk 20 thousand 342 crore 16 lakhs for particular treasury bond subject for fertilizer subsidy. Later, on January 3, the finance minister accepted a abstract of the proposal for a particular treasury bond subject of Tk 10,000 crore in favor of private and non-private banks and monetary establishments towards the arrears as a result of fertilizer subsidy within the first part.
Within the 1st part, a complete of 9 thousand 753 crore 13 lakh particular treasury bonds have been issued in favor of assorted banks and monetary establishments towards the subsidy owed by authorities and personal fertilizer importers. At current, within the second part, a particular bond subject of seven thousand 170 crores 59 lakhs 245 rupees has been requested from the Ministry of Agriculture in favor of the respective banks towards the subsidy owed by the federal government and personal fertilizer importers. Amongst these, the price range division of the finance division has despatched a letter for the particular treasury bond subject of 6 thousand 200 crore rupees within the monetary yr 2023-2024.
In line with sources, out of the ten thousand crore rupees accepted by the finance minister within the first part, bonds of 9 thousand 753 crore 13 lakh rupees have been issued. In line with the price range division’s letter, the finance minister’s approval is required for issuing particular treasury bonds because the remaining 6,200 crore rupees is greater than 246 crore 87 thousand rupees. In precept approval by the Prime Minister of Tk 20 thousand 342 crore 16 lakh within the 1st part, Tk 10 thousand crore has been accepted, presently there is a chance to approve the remaining Tk 10 thousand 342 crore 16 lakh of which Tk 6 thousand 200 crore of particular treasury bonds will probably be issued within the monetary yr 2023-2024.
It’s to be famous that the committee fashioned for the fee of fertilizer subsidy arrears has advisable approval of the remaining 10 thousand 342 crore 16 lakh taka for particular treasury bond subject to pay the unpaid financial institution liabilities of the importers towards the arrears as a result of subsidy within the fertilizer sector.
On this state of affairs, the finance minister accepted the proposal of Tk 10,342,160,000 remaining inside the coverage sanctioned restrict for particular treasury bond subject as per requirement in favor of private and non-private banks towards the arrears as a result of fertilizer subsidy.