President M Abdul Hamid on Thursday authenticated the proposed national budget for fiscal year 2014-2015 and the revised budget for 2013-2014 for placing those before the Jatiya Sangsad (parliament) by Finance Minister AMA Muhith. The President authenticated the budget at...
G7 leaders will warn Thursday, in a clear rebuke to Russia, that manipulating energy supplies to intimidate one's neighbours is unacceptable and that they need to diversify their energy systems to avoid getting blackmailed. "The use of energy supplies as...
A 24-member business delegation of Dhaka Chamber of Commerce and Industry (DCCI), led by its President Mohammad Shahjahan Khan, left Dhaka on Thursday for attending the 9th China-South Asia Business Forum in Kunming. The DCCI attends the China-South Asia Business...
By absorbing carbon emissions from the atmosphere, the seas avert climate damage worth up to $222 billion every year, according to an estimate released on Thursday. Fish catches are worth another $16 billion annually, according to the report by a...
In his new budget for 2014-15 fiscal, Finance Minister AMA Muhith has proposed doubling the tax rate on high earners. As per the proposal, presented in Parliament on Thursday, the tax rate would go up for those with annual income...
At long last, the National Board of Revenue (NBR), the state’s tax collection department, is going to have its own building. This follows the government’s eviction of all illegal occupants who had been occupying a site earmarked for the NBR...
Finance Minister AMA Muhith on Thursday hoped that the export earnings and import expenditure might increase by approximately 15 per cent in fiscal 2014-15 considering a positive trend in the global economy. “We expect that import and export growth will...
The government will take measures to reclaim land from sea by constructing cross dams to check salinity intrusion in the coastal region. “Steps will be taken to reclaim land from sea by constructing Swandip-Urirchar-Noakhali cross dam, infrastructure and circular dams...
Finance Minister AMA Muhith in his budget speech on Thursday proposed a block allocation of Tk 1.0 billion for the fiscal 2014-15 for the development of country’s culture. “In order to infuse dynamism into the development activities in our cultural...
Mobile phone handsets are getting costlier with the new budget levying 15 percent VAT on its import. Presenting his new budget for 2014-15 fiscal on Thursday, Finance Minister AMA Muhith said the move aimed to help the local industry flourish....
The government on Thursday pledged afresh to work more expeditiously to reach an agreement on sharing waters of the common rivers, demarcation of land boundary and solve the problems over enclaves with India in the current tenure. During the last...
Radical Myanmar Buddhist monks are urging a boycott of telecoms firm Ooredoo because it hails from Muslim-majority Qatar, despite its promise to boost access to affordable mobile phones, a cleric said Thursday. Ooredoo, along with Norway's Telenor, is set to...
US Ambassador in Dhaka Dan Mozena will seek efforts to further deepen and strengthen America’s partnership with Bangladesh during his three-week visit to the United States this month. He will also lead a select group of young Bangladeshi businessmen on...
The BNP-led 19-party alliance will stage demonstrations across the country on Monday protesting the ‘growing’ incidents of killing, forced disappearance and abduction. BNP joint secretary general Ruhul Kabir Rizvi announced the programme at a press briefing at party’s Nayapaltan central...
An American critic of the digital age has been awarded a prestigious German book prize for his groundbreaking role in exploring the risks of today's Internet technologies, its organisers said Thursday. Jaron Lanier, credited with coining the phrase "virtual reality",...
The formal trial of Oishee Rahman along with her two friends in a case filed for killing her police officer father Mahfuzur Rahman and mother Swapna Rahman will now begin on July 8. Judge M Jahurul Haque of Dhaka’s Metropolitan...
Finance Minister AMA Muhith has proposed extending the tax exemption facilities by four years to encourage investment. The privilege was due to end on June 2015. “We have taken effective measures to further the existing incentives with a view to...
Finance Minister AMA Muhith on Thursday proposed to reduce the tax on all autonomous bodies from 37.5 percent to 25 percent, saying that the main objective of these bodies is not to profit, but to provide essential services to the...
The government has decided to slap 15 per cent VAT on mobile phones at the import stage to protect the local mobile phone industries, according to a news agency. Proposing imposition of the VAT in his budget for next fiscal...
Finance Minister AMA Muhith said Thursday the general inflation in Bangladesh will be hovering around 7.0 per cent by June 2014 and will reduce further at the end of the next fiscal year (FY 15), according to a news agency....
Finance Minister AMA Muhith proposed Thursday a 25 per cent price hike per barrel of crude petroleum. In placing the budget proposals for FY 2014-15 Muhith proposed to raise the price to US$40 per barrel from current US$32. He defended...
The government has proposed Tk 94 billion as subsidy to the power and energy sector for the next fiscal (2014-15). This amount was shown in the budget document as “net lending” to Power Development Board (PDB) and Bangladesh Petroleum Corporation...
The BNP has bashed the new budget saying it is ‘illegal and unethical’, even before the finance minister was done presenting it in Parliament. “You can’t call this government legitimate,” said the party’s acting Secretary General Mirza Fakhrul Islam Alamgir...
The government plans to introduce a system to curtail NBR’s authority to audit tax returns submitted under universal self assessment scheme showing the income 20 per cent higher than the previous year. Finance Minister AMA Muhith proposed this while placing...
Subsidies in agriculture will remain static in the new fiscal as Finance Minister AMA Muhith in his budget speech on Thursday proposed continuing with the same amount of subsidy for fertiliser, seeds, irrigation and other agricultural inputs compared to that...
Finance Minister AMA Muhith in his budget speech Thursday came down hard on BNP for what he said the party’s abortive move for disrupting democratic process in Bangladesh by boycotting the January 5 election. “I’ve to say with deep regret...
Myanmar Border Guard Police (BGP) on Thursday expressed regret for the killing of Border Guard Bangladesh (BGB) member Nayek Subedar Mizanur Rahman along Bangladesh-Myanmar border in Bandarban. At a sector commander-level flag meeting held in Mongdu of Arakan state of...
Our Correspondent | 2014-06-05 00:00:00
JHENIDAH, Jun 4: Palm oil cultivators across the country are in a difficult situation as they can neither sell the oilseeds they are growing nor can they extract oil from them. According to Horticulture Research Centre under Agriculture Research Institute,...
NARSINGDI, Jun 4 (BSS): Kalambo lemon cultivation has gained popularity among the cultivators in the district due to economic prospect of the juicy fruit. A number of farmers started small-scale cultivation of the lemon few years back on experimental basis...
RANGPUR, Jun 4 (BSS): Experts at a daylong workshop here have stressed for adoption of the easiest ribbon retting technology for rotting jute plants amid water scarcity to get upgraded quality of the fibre with increased yield rate. They called...
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