Stepping up banking reform efforts
Bangladesh Bank has long been expected to act as a strong regulator without being given the legal space to do so. The latest move to amend the Bangladesh Bank Order and the Bank Company Act is an attempt to reverse that pattern by redefining who holds authority over banks and...
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Election time inflation in Bangladesh
National elections critically influence economic growth and inflation across countries. Studies have examined patterns such as declining growth and rising inflation in election years. As Bangladesh prepares for the 13th parliamentary election on February 12, along with the referendum on the July Charter and related constitutional amendments, it may be...
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Growing visa restrictions: A wake-up call for Bangladesh
The United States has temporarily suspended immigrant visas for applicants from Bangladesh and 74 other countries. Effective from January 21, the restriction has been imposed citing concerns that a large number of immigrants from these countries rely on government benefits instead of entering the workforce. While the policy aims to...
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Proposed pay hike for Govt. employees untenable
The implementation of the 9th National Pay Scale for government employees of Bangladesh is now a hot topic. A strong recommendation for enhancement has been proposed. It is indeed imperative to review the present salary structure, as the income of employees across all sectors is no longer up to the...
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Revenue management in the digital age
According to news reports, the National Board of Revenue (NBR) has made it mandatory for all individual taxpayers to file income tax returns online through a special order. The response has been overwhelming. According to NBR data, about 4.553 million taxpayers have registered in the e-return system, and 3.188 million...
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