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

Tax sops harbour inept, hurt consumers

Consumers end up paying higher even as local industries enjoy tax benefits as a protection measure from the government.The government provides such support to local enterprises by imposing tariff on the imported goods and encourages import-substitute production locally.But in many cases, prices of such consumer items were found to be...

Tariff, NTBs impede RMG’s access to Indian market

Various types of tariffs and non-tariff barriers (NTBs) imposed by both India and Bangladesh impede the growth of bilateral trade and textile and clothing (TC) value chain engagement between the two countries, according to a latest World Bank report."Both the countries put a number of NTBs on TC products despite...

FY ’16 to be new GDP base year

The local statistical agency has said it will adopt a new base year for calculating the Gross Domestic Product (GDP) effective from July 2020 and it is expected to raise the size of the economy by at least 10 per cent.Under the rebasing procedure, the fiscal year 2015-16 (FY '16)...

RHD to build 60-km circular road to ease city’s gridlock

The Roads and Highways Department (RHD) will build a 60.1-km inner circular road in the south-western part of Dhaka city, investing around US$ 1.61 billion, officials said on Monday.The proposed four-lane dedicated road will be constructed on Dhour-Birulia-Gabtoli(Shinnirtek)-Swarighat-Chunkutia-Postogola-Chashara-Shimrail-Demra route. According to the officials, RHD has planned to complete building the...

A mother showing her child

A mother showing her child the painting on the walls around the Central Shaheed Minar in the city on Tuesday ahead of the February 21, the International Mother Language Day — FE photo

TIB raps road safety panel of transport leaders

The Transparency International, Bangladesh (TIB) has strongly criticised the government-formed committee on road safety led by former shipping minister and transport leader Shajahan Khan.Former state minister for LGRD and cooperatives Mashiur Rahman Ranga and some labour leaders are also on the committee which is conflicting, it observed.The TIB expressed its...

Eviction drive at Bhashantek

Hundreds of illegal houses, shops and structures were pulled down during an eviction drive at slums in the capital's Bhashantek area on Tuesday.The Ministry of Housing and Public Works conducted the drive with the help of law-enforcement agencies.When asked, officials of the ministry and law-enforcers refused to make any comment...

News Watch- (20-2-2019)

PM returns home from Abu Dhabi todayPrime Minister Sheikh Hasina returns home this (Wednesday) morning, wrapping up her weeklong visit to Germany and the United Arab Emirates (UAE). A VVIP flight of Biman Bangladesh Airlines carrying the Prime Minister and her entourage is scheduled to depart Abu Dhabi International Airport...