essential goods

New pay scale announced :PM fears about price hike of essential goods

Thu November 12, 2009 - 3:17am BdST

Prime minister Sheikh Hasina has expressed her concern that the new pay scale for public servants might lead to an inflationary spiral, leading to the price-hike of essential commodities, said a highly-placed source in the government. She expressed her concern on Wednesday at a special Cabinet meeting that approved the Seventh Pay Scale for some 1.2 million employees and officers on the government’s payroll, with effect from July 1 this year.

Govt inaction blamed for market volatility

Sat August 29, 2009 - 1:10am BdST

When the government blames the media for instigating price hikes of essentials, market observers say inaction and lack of preparation on the part of the government mainly invited volatility in the market.