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

NBR to honour top taxpayers

The National Board of Revenue (NBR) has selected a total of 141 taxpayers to recognise the individuals and corporate entities for the highest tax payments in fiscal year 2019-20.The income tax wing of the board under Internal Resources Division (IRD) has issued a gazette notification with the names of the...

Kamal for assessing tax exemption data

Finance Minister A H M Mustafa Kamalstressed the need for assessing data on existing tax exemptions to know the actual amount of revenue collection in the country.He opined that the revenue collection achievement would have been much higher, if the government had not considered the tax waivers, offered to various...

Election materials for the Chattogram City Corporation polls being sent to 735 polling centres on Tuesday,

Election materials for the Chattogram City Corporation polls being sent to 735 polling centres on Tuesday, on the eve of today's elections. The photo was taken from MA Aziz Stadium area in the port city Story on Page 1 — Focus Bangla

BSEC urges FID to realise WB's $7m aid

The securities regulator has urged the Financial Institutions Division (FID) to facilitate realisation of a grant, amounting to about US$ 7.0 million, from the World Bank (WB) for digitalisation of the country's capital market.The Bangladesh Securities and Exchange Commission (BSEC) made the plea by sending a letter to the FID...

Old Dhaka fire kills 400 pigeons

A fire that broke out in a pigeon farm burnt to ashes as many as 400 pigeons in Chawkbazar area of the old Dhaka city on Tuesday. According to the fire service control room, the blaze that occurred around 6:05 pm due to electric short circuit engulfed the entire pigeon...

Padma Bridge project may get time extension until June 2023

The authority concerned has finally proposed extending the deadline for completing the country's Padma Bridge until June 2022 with one more year for defect liability period.With this, the deadline for finishing the Padma Multipurpose Bridge project will be extended for the fifth time.Officials said the Bridge Division will soon send...

First Navy chief Nurul Huq laid to rest

Captain Nurul Huq (retd), freedom fighter and the first chief of staff of Bangladesh Navy was laid to rest in the capital on Tuesday afternoon.He breathed his last at around 7:20 pm on Monday at the Combined Military Hospital (CMH) in Dhaka Cantonment. Capt Huq was buried at the military...

Central bank set to extend EDF's enhanced credit limit

The central bank is set to extend the enhanced credit limit under its Export Development Fund (EDF) scheme for the textiles and clothing exporters by six more months to help boost proceeds from overseas sales.The members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Textile Mills...

Man sentenced to 15-yr in jail instead of real accused

The Anti-Corruption Commission (ACC) has recently admitted its fault at the High Court over conviction of a person instead of a real accused in a graft case. Advocate Khurshid Alam Khan, a counsel for the ACC, on Sunday last told the HC bench of Justice M Enayetur Rahim that they...

AstraZeneca's vaccine not very effective for people over 65

Covid continues to devastate countries across the world, as the total global caseload crossed the grim milestone of 100 million, report agencies.The total Covid case count reached 100,351,416 while the death toll climbed to 2,151,569 on Tuesday evening.The US remained the world's worst-hit country, with 25,291,320 cases and 420,965 fatalities,...

Italian PM Conte resigns following pandemic criticism

Italian Prime Minister Giuseppe Conte has resigned - and it is not clear if he will be able to form and lead a new coalition government, reports BBC.He has been criticised for his handling of the coronavirus crisis, in which more than 85,000 Italians have died. Mr Conte met President...