Banking commission by this month: Muhith

Finance Minister AMA Muhith said on Monday the upcoming budget will see increase in taxes in a few areas as the national election looms. "The new taxes are a very few. The rate of increase will also be very low," he said."That's a piece of welcome news for people."Talking to...

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Urban inflation 11-month high in May last

The rate of point-to-point inflation in urban areas last month jumped to 6.48 per cent, the highest in 11 months since June last year, the official data showed. The month-on-month inflation rate in urban areas increased by 0.78 percentage point in May last from 5.70 per cent in April, Bangladesh...

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Prices of reconditioned cars likely to go up

Reconditioned cars are likely to be pricier in the next fiscal year (FY), as the government might propose a downward revision of the existing year-wise depreciation rates in the next budget.Sources said, the National Board of Revenue (NBR) is likely to reduce the existing rates of depreciation facility in the...

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Banks' provision shortfall swells by 18pc in Q1

Overall shortfall in provision against both classified and unclassified loans in the country's banking system swelled by nearly 18 per cent or Tk 11.91 billion in the first quarter (Q1) of the current calendar year.The aggregate amount of provisioning shortfall rose to Tk 79.58 billion during the January-March period of...

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Budget session begins today

The budget session for fiscal year (FY) 2018-19 begins today (Tuesday). This will be the 21st session of the 10th parliament and the last budget of the Awami League-led government. President M Abdul Hamid on May 16 summoned the session. The proceedings of the House will begin at 11:00 am...

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Sehri, Iftar & Prayer Timings (5-06-2018)

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