Sheikh Hasina has threatened the private banks with tough actions if they do not lower the rates of interest they charge to lend to or below 9 percent.
Transparency International, Bangladesh, or TIB, has come down hard at the government for proposing scopes to legalise undisclosed income in the 2019-20 national budget.
Sheikh Hasina will hold a media briefing on budget at Bangabandhu International Conference Centre in Dhaka at 3pm Friday for the first time, as Finance Minister AHM Mustafa Kamal has been taken ill.
Analysts have questioned the “absence” of any clear plans in AHM Mustafa Kamal’s maiden budget to tackle the mounting default loans and lack of discipline in banks.