United States National Security Council (NSC) Coordinator for Strategic Communications, John Kirby, has said that Prime Minister Sheikh Hasina and US President Joe Biden have discussed the importance of free and fair elections in Bangladesh. At a media briefing on October 4 at the White House, Kirby said the two leaders also talked about the importance of improving bilateral relationship across a range of issues, including climate change. Read: No one from outside should obstruct elections in Bangladesh: PM Hasina warns in New York The NSC coordinator came up with the remarks when a questioner wanted to know about the current state of relationship between the US and Bangladesh, mentioning that President Biden also had a pull-aside meeting with PM Hasina in New Delhi. Read more: All countries including Bangladesh should have free and fair elections: US State Dept During her recent visit to Washington DC, Prime Minister Sheikh Hasina held a meeting with US National Security Adviser, Jake Sullivan. After attending the UN General Assembly in New York, Sheikh Hasina went to Washington DC and visited the Bangladesh Embassy there on September 27. The meeting between her and the US national security adviser was held at the embassy.

To address the present crisis on the economic front and ensure resilient, inclusive, and sustainable growth, the government of Bangladesh has adopted several reform initiatives to be implemented in the medium term (2025-26). The significant reform actions include: Revenue Mobilisation, Improved Expenditure Management, Monetary and External Sector Management, Financial Market Regulation and National Income Accounts, according to a budget document. The government has focused on reforms in tax policy and revenue administration. The plan is to mobilise additional tax revenue of about 1.7 percent of GDP by the end of FY 2025-26. Currently, the tax-to- GDP in the country is below ten percent. Read: Bangladesh’s economy has a dignified position now: PM Moreover, the government is focusing on untapped areas in the tax-revenue sector to enhance overall revenue while also emphasising non-tax revenue sources. The document states that fiscal management has become increasingly complex due to elevated and unpredictable inflation that has the potential to undermine the soundness of financial institutions and fiscal operations. The uncertainty surrounding prices, wages, and interest rates influence inflation through aggregate demand and expectations, which in turn posed challenges to fiscal planning and budgetary preparations. Read: 1st Circular Economy Summit in Dhaka on June 15 Besides rationalising the subsidies, there is a plan to bring down the cost of borrowing and bring efficiency in debt management, the document said. It said that the net National Savings Certificate (NSC) issuance is planned to be brought down to below 1⁄4 of total net domestic financing by FY26. The government plans to optimise cash management by expanding the coverage of the treasury single account (TSA) and the use of electronic funds transfer (EFT). Read: Govt to introduce circular economy to prevent plastic pollution: Minister    Several reform measures have been implemented including the reduction of interest rates of saving certificates, the introduction of tiered interest rates, capping issuances, and increasing taxes on earned interest, all aimed at reducing the government's interest expenditure. In FY 2021-22, the contribution from national savings certificates accounted for 0.5 percent of GDP, a decrease from 1.2 percent in FY 2020-21. Efficient cash management is also a priority to save public funds by minimising interest expenditure. To achieve this, the government is strengthening and expanding the Treasury Single Account (TSA), which is expected to facilitate better cash management, reduce interest expenses, and improve commitment controls. Read more: Increased import costs putting pressure on economy in many ways: Minister In the Monetary and External Sector Management segment, to improve monetary operations, Bangladesh Bank will adopt an interest rate corridor system. Furthermore, to increase exchange rate flexibility, Bangladesh Bank will use market-determined exchange rates for official foreign exchange transactions on behalf of the government. To strengthen the external sector balance and improve monetary sector performance, Bangladesh Bank is going to implement several reform initiatives in the medium term. Read more: Budget not based on IMF conditions: Finance Minister There will be reform activities to unify the multiple exchange rates and bring more discipline to the foreign exchange market. Bangladesh Bank will reverse the temporary margin increases for opening letters of credit on nonessential imports. The official budget document says that “With a view to establishing a risk-based banking supervision system, Bangladesh Bank will complete the pilot risk-based supervision action plan.” Read more: CPD dismisses budget's projections on growth, inflation, revenue collection Also, it mentions that to improve governance and discipline in the financial market, the government will amend the Bank Companies Act and Finance Companies Act in line with best practices. The amended Bank Companies Act was accordingly passed last week. For better transparency, Bangladesh Bank will publish banks' distressed assets in the annual financial stability report. Bangladesh Bureau of Statistics has taken the initiative to publish quarterly GDP for having a clear view of national income accounts. Read more: Doing our best to keep economy going amid global recession: PM Hasina

National Security Council (NSC) Coordinator for Strategic Communications, John Kirby, has said the US would let the Indian government speak for its bilateral relations with Bangladesh.  “I think we’d let the Indian Government speak for its bilateral relations with Bangladesh… We have already made clear our desire to free and fair elections in Bangladesh,” Kirby said while responding to a question at a briefing on the upcoming state visit of Indian Prime Minister Narendra Modi.  Diplomatic sources say regional and the global situation will come up for discussion during the Indian Prime Minister’s meeting with US President Joe Biden. Read: Biden hosting Modi as US sees India as a pivotal force in Asia for decades to come At the media briefing, Kirby said it is “commonplace and consistent” for President Biden to raise concerns over human rights wherever he goes and whatever leaders he is speaking to. “Human rights are a foundational element of this administration’s foreign policy, and you can certainly expect that the President will – as he always does and as you can do with friends and partners like Prime Minister Modi in India – raise our concerns about that,” he said. President Joe Biden and First Lady Jill Biden will host Indian Prime Minister Narendra Modi during an official state visit to the United States, which will include a state dinner on June 22, according to the White House. Read: Success in achieving ‘Sonar Bangla’ and ‘Global Britain’ depend on how Bangladesh and UK choose to cooperate: Shahriar Alam The visit will affirm the deep and close partnership between the United States and India and the warm bonds of family and friendship that link Americans and Indians together, said the US government. The visit will strengthen the two countries’ shared commitment to a free, open, prosperous, and secure Indo-Pacific and shared resolve to elevate strategic technology partnership, including in defence, clean energy, and space, White House said. Read: Momen urges US to import more medicines from Bangladesh The leaders will discuss ways to further expand educational exchanges and people-to-people ties between India and the US, as well as their work together to confront common challenges from climate change, to workforce development and health security.

Walton has been honoured with the Sheikh Kamal National Sports Council Award 2021 for its contribution to all forms of games and sports across the country. The company has been sponsoring international, rural and traditional sports including cricket, football and hockey over a decade. Walton was recognised as the country's best sponsor organisation Thursday at a function held on the 72nd birth anniversary of Shaheed Captain Sheikh Kamal at the Sheikh Kamal auditorium of the National Sports Council (NSC) in the capital.  Read: 10 sports personalities, 2 organisations receive Sheikh Kamal Sports Award Prime Minister Sheikh Hasina virtually joined the award-giving ceremony as chief guest. State Minister for Youth and Sports M Zahid Ahsan Russell presided over the function. Senior Executive Director (Games and Sports) of Walton Group FM Iqbal Bin Anwar Dawn received the award on behalf of Walton. Read: Akbar and Ruman among 12 to receive Sheikh Kamal sports award The NSC launched the Sheikh Kamal National Sports Council Award, featuring seven categories. Twelve persons and organisations including sports figures, journalists and organisers received the award. Alongside Walton, the recipients of the award include cricketer Akbar Ali, female footballer Unnoti Khatun, archer Ruman Shana, weightlifter Mabia Akhter Simanta, swimmer Mahfuza Khatun Shila, and the Bangladesh Cricket Board. Read Walton brings 64-megapixel penta-camera Primo ZX4

The National Sports Council (NSC) will hand over its newly introduced "Sheikh Kamal National Sports Council Award" Thursday. The ICC Under-19 World Cup Cricket champions Bangladesh captain Akbar Ali has been picked for the annual sports awards in the emerging sportsman category, famed archer Ruman Shana in sportsman category, and Mohammad Quamruzzaman in journalist category. Prime Minister Sheikh Hasina will grace the award distribution ceremony at Sheikh Kamal Auditorium of NSC Tower Thursday at 11am as the chief guest and will hand over the awards to 10 sportsmen, journalists, organisers and two organisations through a virtual platform. Each award comes with Tk1 lakh, a crest and a certificate. State Minister for Youth and Sports M Zahid Ahsan Russell disclosed this at a press conference arranged on the occasion of the 72nd birthday celebration of Sheikh Kamal and Sheikh Kamal NSC awards distribution programme at the NSC conference room today. Read: NSC to introduce Sheikh Kamal National Sports Council Award this year Recipients of Sheikh Kamal award Lifetime achievement: Kazi M Salahuddin Sportsmen: Ruman Shana (archery), Mahfuza Khatun Shila (swimming) and Mabia Akhter Simanta (weightlifting) Emerging sportsman: Akbar Ali (cricket), Fahad Rahman (chess), and Unnoti Khatun (football) Organisers: Monjur Kader (Sheikh Jamal DC) and Kyaw Shwe Hla (karate) Journalist: Mohammad Quamruzzaman Organisation: Bangladesh Cricket Board Patron: Walton.

The National Sports Council (NSC) has decided to rename the National Tennis Complex at Ramna after Bangabandhu’s son Lt Sheikh Jamal.