Communication sector gets 14pc higher allocation
The communication sector, which has been a priority sector so far with the highest budget allocation, has received a 14 per cent higher allocation in the upcoming fiscal year (FY), 2025-2026, with significant decrease of allocation to rail and bridges. ADP share allocation of the sector is 8.67 per cent.The...
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Tk 1.0b allocated to battle climate risks
Finance Adviser Salehuddin Ahmed has proposed allocation of Tk 1.0 billion in the next fiscal year to take necessary actions considering the depth and seriousness of climate change risks.A Multisectoral Action Plan for Sustainable Plastic Management in Bangladesh has been formulated to reduce the production of plastic waste, he said...
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Source taxes on land transfer cut
The interim government has taken initiative to encourage land registration based on actual value.Finance Adviser Dr Salehuddin Ahmed proposed to reduce the source tax collection rate from capital gains on land transfer in the next fiscal year (FY) 2025-26 at different rates based on locations. "To prevent accumulation of undisclosed...
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BB-appointed administrator can continue with Nagad
The Appellate Division of the Supreme Court (SC) on Monday cleared the way for the Bangladesh Bank (BB)-appointed administrator to continue with the mobile financial service (MFS) provider 'Nagad'. The apex court has stayed an order, passed on May 7 by its Chamber Judge, suspending the decision to appoint the...
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Secretariat employees stage demo for withdrawal of ordinance
The officials and employees of Bangladesh Secretariat staged demo on Monday, warning that they would not return to their respective works until the withdrawal of the Public Service (Amendment) Ordinance, 2025.Md Badiul Kabir, president of Bangladesh Secretariat Officials and Employees United Council, announced the warning during their demonstration at the...
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