Govt wants to maintain high agro production at low cost | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
July 13, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JULY 13, 2025
Govt wants to maintain high agro production at low cost

Budget

TBS Report
09 June, 2022, 10:15 pm
Last modified: 09 June, 2022, 10:19 pm

Related News

  • Fire at pesticide factory in Mymensingh under control
  • Bangladesh’s budget least transparent in South Asia: Survey
  • Jatiya Sangsad greenlights Tk6.78 lakh crore budget
  • Budget’s highest priority is to tame inflation: PM
  • Individuals to submit tax return acknowledgement document instead of an e-tin certificate

Govt wants to maintain high agro production at low cost

TBS Report
09 June, 2022, 10:15 pm
Last modified: 09 June, 2022, 10:19 pm
The rising population of Bangladesh and decreasing available arable lands will increasingly threaten food security.
The rising population of Bangladesh and decreasing available arable lands will increasingly threaten food security.

In his reaction to the proposed budget for the FY2022-2023, Jahangir Alam Khan, agriculture researcher and economist, said the government has allocated Tk16,000 crore in subsidy to restraint production cost of the growers and maintain the high production volume which has been hampered by price hike of fertiliser in the international market.

The decision to reduce price of imported raw materials of pesticides will also lessen the production cost of agriculture produces. The government is also continuing the 20% rebate on irrigation which too will help increase production, he added.

"These steps indicate that the government is alert regarding not becoming too import-dependent in a volatile world market," he said.
In the proposed budget, the agriculture sector's share rose by 32% (including the sub-sectors), the lion's share of which has been allocated to subsidies, he added.     

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Jahangir Alam further said the government is trying to boost the forward linkage industry or processing sector of agriculture so that the farmers can get fair prices. That's why tax waiver has been given to the entrepreneurs of fruit processing, vegetable processing, milk products producers, baby food producers and agriculture equipment manufactures.     

"It will give small entrepreneurs who stopped production during Covid-19 a chance to come back while new investors will come in. Although import duty has been increased on imported cheese, the scope has been kept to produce cheese locally at a low cost," Jahangir Alam said. 

Earlier, the government provided credit for four or five agricultural products, which has now been raised to 24. But the problem lies with the banks as it is not confirmed whether the genuine farmers get this credit or not, he added.        

Welcoming the government's initiatives to reduce the price of poultry and dairy feeds, raw materials of pesticides and import duty of capital machineries in the proposed budget, Jahangir Alam, however, expressed concern over reduction of the tax free income limit of the poultry and fisheries sector entrepreneurs which may damage the initiatives.  

Bangladesh / Top News

Budget 2022-23 / Agro products

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

  • Representational image. Photo: Mohammad Minhaj Uddin/TBS
    Navy-run Dry Dock takeover boosts Ctg Port container handling by 36% in 10 days
  • Representational image. Photo: Collected
    Framework agreement: What experts say about US 'security concerns' regarding Bangladesh
  • Photo: TBS
    Political activists go awry while police take a deep slumber

MOST VIEWED

  • RAB Director General AKM Shahidur Rahman speaks at the press briefing on a fake bomb threat on Biman Bangladesh flight on Saturday, 12 July 2025. Photo: TBS
    Mother faked bomb threat on Biman flight to stop married son from flying with girlfriend: RAB
  • Bangladeshi garment workers make clothing in the sewing section of a factory in Gazipur, Bangladesh, April 9, 2025. Photo: REUTERS/Mohammad Ponir Hossain/File Photo
    Some Walmart garment orders from Bangladesh on hold due to US tariff threat
  • Infographic: TBS
    Dollar price plummets by Tk2.9 in a week as demand wanes
  • Bangladesh and US hold tariff talks on 11 July 2025. Photo: CA Press Wing
    Dhaka, Washington yet to agree on 20% of US tariff conditions: BGMEA
  • Infograph: TBS
    Matarbari power plant eyes G2G coal deal with Indonesia after quality setbacks
  • Dr Mohammad Zakir Hossain, managing director of Delta Pharma Ltd and secretary general of the Bangladesh Association of Pharmaceutical Industries (BAPI). Sketch: TBS
    Pharma industry grew with policy support, needs it again to survive: BAPI secretary general

Related News

  • Fire at pesticide factory in Mymensingh under control
  • Bangladesh’s budget least transparent in South Asia: Survey
  • Jatiya Sangsad greenlights Tk6.78 lakh crore budget
  • Budget’s highest priority is to tame inflation: PM
  • Individuals to submit tax return acknowledgement document instead of an e-tin certificate

Features

Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

2h | Brands
The 2020 Harrier's Porsche Cayenne coupe-like rear roofline, integrated LED lighting with the Modellista special bodykit all around, and a swanky front grille scream OEM Plus for the sophisticated enthusiast looking for a bigger family car that isn’t boring. PHOTO: Ahbaar Mohammad

2020 Toyota Harrier Hybrid: The Japanese Macan

1d | Wheels
The showroom was launched through a lavish event held there, and in attendance were DHS Motors’ Managing Director Nafees Khundker, CEO Imran Zaman Khan, and GMs Arman Rashid and Farhan Samad. PHOTO: Akif Hamid

GAC inaugurate flagship showroom in Dhaka

1d | Wheels
After India's visa restriction, China's Kunming is drawing Bangladeshi patients

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

2d | Panorama

More Videos from TBS

Has Trump's view on the Russia-Ukraine war changed?

Has Trump's view on the Russia-Ukraine war changed?

28m | Others
How tender rules and a lone bidder stall a $2.5b power plant

How tender rules and a lone bidder stall a $2.5b power plant

48m | TBS Insight
Trump announces 30% tariffs on European Union and Mexico

Trump announces 30% tariffs on European Union and Mexico

2h | TBS World
Apu Biswas secures bail following court surrender

Apu Biswas secures bail following court surrender

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
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