High taxes in Bangladesh hamper business, revenue receipt

Top executives from multinational corporations (MNCs) and local business upshots suggest dialogue between the revenue authority and the corporate sector before taxation as they feel high taxes hamper business and investment.They also point out that high tax incidence also promotes tax-dodging, while calling for lowering tax rates and casting wide...

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Indian LoC-funded projects won't be cancelled

Implementation of projects under the Indian Line of Credit (LoC) funding will continue as the government has no plan to cancel those, said Finance Adviser Dr Salehuddin Ahmed while also speaking on overall economic situation on Wednesday. "We had talks about LoC. When a project gets delayed, some people say-shut...

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Update CIB on default loans duly or pay penalty

Banks and finance companies risk getting punished by the regulator if they fail to update the Credit Information Bureau (CIB) on their clients' credit status vis-a-vis default loans within the stipulated timeframe.Issuing a circular Wednesday -- in the wake of bad-loan buildups -- the bureau of Bangladesh Bank stated that...

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Freeze former land minister Saifuzzaman's 39 accounts

A Dhaka court Wednesday ordered the Anti-Corruption Commission (ACC) to freeze 39 bank accounts of former land minister Saifuzzaman Chowdhury Javed over corruption allegations against him. The former minister of the deposed government is said to have deposited around Tk 52.68 million in these accounts.Judge of the Metropolitan Senior Special...

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Prayer, Sehri, Iftar Timings (2025-03-06)

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