The Government yesterday announced $ 175 million funding from the Asian Development Bank to curb the spread of the COVID-19 pandemic and improve overall health in the country.

With 5,533 State-owned vehicles not in running condition, the government has granted a monthly allowance to 8,500 senior officials in State institutions for using their private vehicles for official purposes.

The Central Bank of Bangladesh will lend US$50 million to Sri Lanka this week as part of Bangladesh’s efforts to support the Island nation suffering from a foreign exchange crisis, the Daily Star reported.

Inland Revenue Department (IRD) officials have called on Finance Minister Basil Rajapaksa to reduce the period for the proposed tax amnesty for undisclosed income, warning that the government could lose a revenue of up to Rs 300 billion.