Policy twist to state-guaranteed SDF reviving call-money market
Cash transactions on the call money-market rise in a rebound of the moribund interbank platform as the central bank's policy revision, cutting 50 basis points in the state-guaranteed standing deposit facility (SDF), helps change the equations, sources say.At the same time, the Bangladesh Bank (BB), the country's central bank, keeps...
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Calls grow for urgent overhaul of revenue board
Despite repeated calls for reform, the National Board of Revenue (NBR) remains largely unchanged, leaving unresolved tensions between its policy and administrative functions.At the heart of the debate is the separation of revenue policy from revenue administration, a recommendation made by the NBR reform advisory committee after consultations with businesses...
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World leaders extend full support to Prof Yunus
NEW YORK, Sept 27 (BSS): Dozens of global leaders gathered on Friday to meet Chief Adviser Professor Muhammad Yunus at his hotel suite here in the USA, offering their full support to him and his interim government.They expressed readiness to provide their expertise and assistance to Bangladesh during this pivotal...
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Suspended NBR officials' reinstatement begins
The process to reinstate the suspended National Board of Revenue (NBR) officials has started in full swing as the departmental inquiry is making progress.Around 33 officials of the income tax, VAT, and customs departments were suspended for tearing apart official transfer orders, closure of customs houses, and protests against the...
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