Finance News: Latest Financial News, Finance News today in Bangladesh

Government may go frugal on incentive, subsidy handouts

Finance authorities may go frugal on subsidy and incentive handouts in the new budget as the interim government walks a tightrope in making two ends meet in current domestic and global economic realities. Officials say as the government is calculating a smaller outlay for the 2025-26 budget, slated for announcement...

BD urges peaceful end to Indo-Pak conflict

Bangladesh desires an immediate peaceful end to the raging tensions between India and Pakistan through dialogue, says Foreign Affairs Adviser Touhid Hossain, as its spillovers affect all in the region. He made the statement Sunday when asked to know about Bangladesh's stance over the Indo-Pak crisis triggered by a remote...

Revenue harnessing at risk as NBR officials find legal flaws

Splitting tax authority under the newly framed ordinance may put tax-revenue mobilisation in jeopardy as revenue officials say they have found numerous major flaws in the draft law.Even the proposed ordinance is not aligned with the National Board of Revenue (NBR) advisory committee for reform that the interim government formed...

Textile millers seek smooth gas supply

Primary textile millers have urged the government to ensure smooth supply of gas as its short supply compelled the factories to cut production, causing substantial financial losses.They cannot utilize full production capacity, resulting in gradual shrinking of working capital and erosion of export competitiveness, Bangladesh Textile Mills Association (BTMA) said...

Jhelum flood sends Azad Kashmir into panic

Panic gripped regions in Azad Kashmir after moderate flooding was reported on Saturday according to reports by India based news portals.Pakistan has claimed that India deliberately released water from the Uri dam into the Jhelum River without prior warning, causing a sudden surge in water levels near Muzaffarabad. The incident,...

Forex stands at $26.79b: BB

Bangladesh's foreign exchange reserves have stood at US$26.79 billion, according to a press release of Bangladesh Bank Sunday, reports BSS.But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh's foreign exchange reserves stood at $21.43 billion.Bangladesh received $2.27 billion...

Bogura to be next city corporation

BOGURA, April 27 (BSS): The government has decided to declare Bogura a city corporation. A public notice, signed by Bogura Deputy Commissioner Hosna Afroza was issued in this regard on Sunday.In accordance with the notice, Bogura City Corporation will be formed with moujas of 21 wards under the Bogura Municipality...

Influential people are making a quick buck by selling soil after illegally excavating

Influential people are making a quick buck by selling soil after illegally excavating it from the Turag River adjacent to the Mirpur embankment. The excavation has been going on for some time, but the authorities concerned do not seem to be bothered about it. The photo was taken on Sunday....