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President witnesses presentation of budget in JS

2024-06-07 00:00:00

President Mohammed Shahabuddin has witnessed the presentation of the proposed national budget for 2024-25 fiscal year from the 'President Box' in the Jatiya Sangsad (JS).The Head of the State was accompanied by his spouse Dr Rebeka Sultana in the parliament...

Budget will put more burden on common people: Fakhrul

FE REPORT | 2024-06-07 00:00:00

Bangladesh Nationalist Party (BNP) secretary general Mirza Fakhrul Islam Alamgir said on Thursday that the proposed budget for the fiscal year (FY) 2024-2025 would put more burdens on the common people. Mirza Fakhrul Islam made the comment in an instant...

Historic Six-Point Day today --

2024-06-07 00:00:00

The historic Six-Point Day, marking the demand for autonomy for the then East Pakistan, now Bangladesh, will be observed today (Friday) across the country, reports BSS.To mark the day, different socio-political organisations, including ruling Awami League, its associate bodies and...

PM to leave for India tomorrow to attend Modi's oath-taking

2024-06-07 00:00:00

Prime Minister (PM) Sheikh Hasina is scheduled to leave for New Delhi tomorrow (Saturday) to attend her Indian counterpart Narendra Modi's swearing-in ceremony at his invitation, reports UNB.PM's speechwriter, M Nazrul Islam, confirmed her joining in the swearing-in ceremony scheduled...

Proposed budget realistic, pro-people: Quader

2024-06-07 00:00:00

The proposed budget for the fiscal year 2024-2025 is realistic and pro-people, said Awami League General Secretary Obaidul Quader on Thursday, report agencies."At the time of the current global crisis, a pro-people budget has been proposed. This budget has been...

Blanket opportunities to whiten black money

DOULOT AKTER MALA | 2024-06-07 00:00:00

Now corporate taxpayers are free to show their undeclared assets, for the first time, from July 1 as the government offers blanket whitening of 'black money' in the new budget. Pay 15-percent tax and bring out the hidden untaxed money...

Inflation target set at 6.5pc for FY '25

FE REPORT | 2024-06-07 00:00:00

The government has set a target to bring down inflation in the next fiscal year to 6.5 per cent from the existing annual average of 9.73 per cent.Finance Minister Abul Hassan Mahmood Ali expected to tame inflation riding on the...

Tk 7.97tn budget placed in JS with few paradoxes

JASIM UDDIN HAROON | 2024-06-07 00:00:00

A modestly incremental annual budget of Tk 7.97 trillion for Bangladesh runs in right direction to contain inflation but targeted higher borrowing and taxes on some goods may keep the inflationary pressure on the economy prevalent.Economists think the higher bank...

The perspective of startup listing on stock market

M Rokonuzzaman | 2024-06-07 00:00:00

Although role models are highly profitable companies, most startups pursuing digital opportunities in less developed countries have been accumulating losses. As early-stage investors are reluctant to offer additional funds and "foreign investors" are desperate to find an exit, less informed...

Ensure a fair and merit-based recruitment system

2024-06-07 00:00:00

I am writing to express my concern about and disappointment of the recent High Court ruling that reinstated the 30 per cent freedom fighter quota in first and second-class government jobs. While I deeply respect the sacrifices made by our...

Flash flood wreaks havoc in Sylhet

2024-06-07 00:00:00

The plight of the flood-hit people in Sylhet continues to worsen, with a large number of individuals trapped in inundated areas. According to the district administration, the flooding has affected a vast area, with 761 villages submerged under water until...

Safety at construction site

Shiabur Rahman | 2024-06-07 00:00:00

Three young construction workers, aged between 20 and 25, went out for work, like most other days, on May 17 this year. They were supposed to return home in the evening. The poor families of the youths were waiting for...

Still time to make peace with Nature

Nilratan Halder | 2024-06-07 00:00:00

The planet's critical ecosystem is yet to claim its rightful place in the collective consciousness of the peoples across the world. But the United Nations Environment Programme (UNEP) under the aegis of the UN has been observing the World Environment...

Need for better budget execution

2024-06-07 00:00:00

The fact that budget execution rate in Bangladesh is one of the lowest in South Asia is a malady that over the decades has shown no sign of improvement. So far as the two major components --- revenue collection and...

Budget raises social spending as economists call for more

MIR MOSTAFIZUR RAHAMAN | 2024-06-07 00:00:00

The proposed budget for FY 2024-25 allocates Tk 1360.26 billion to social safety net programmes, up from Tk 1262.72 billion in FY24. However, economists say this increase is not enough to provide relief to the poor given the high inflation...

Development cost of EZ, Hi-Tech parks to increase

FE REPORT | 2024-06-07 00:00:00

The Development cost of Economic Zones (EZ) and Hi-Tech parks is likely to increase as import duty on some construction materials has been proposed in the budget for the next fiscal year.In the budget speech, Finance Minister Abul Hassan Mahmood...

Tax exemption for 'Smart Bangladesh'

FE REPORT | 2024-06-07 00:00:00

The government will materialise the dream of 'Smart Bangladesh' by using artificial intelligence technologies for the benefits of the country and the people.Finance Minister Abul Hassan Mahmood Ali disclosed the plan during his proposed budget speech for the fiscal year...

Agri allocation slightly higher, yet falls short of requirement

YASIR WARDAD | 2024-06-07 00:00:00

Spending on agriculture as a percentage of total budget for the FY 2024-25 is proposed to increase marginally as compared to the budget proposed for the last FY.Finance Minister Finance Minister Abul Hassan Mahmood Ali on Thursday proposed an allocation...

News in Brief-2024-06-07

2024-06-07 00:00:00

UN nuclear agency's board votes tocensure Iran for failing to cooperate VIENNA, June 06: The U.N. nuclear watchdog's board on Wednesday censured Iran for failing to cooperate fully with the agency, diplomats said, calling on Tehran to provide answers in...

Dutch voters kick off marathon EU elections

2024-06-07 00:00:00

BRUSSELS, June 06 (AFP): Dutch voters will on Thursday kick off a four-day election marathon across the 27 nations of the European Union-providing an early litmus test of how far right the next EU parliament might shift.The EU's 370 million...

Moscow threatens to deploy missiles within striking distance of US, European allies

2024-06-07 00:00:00

MOSCOW, June 06 (Reuters): Russian President Vladimir Putin said on Wednesday he could deploy conventional missiles within striking distance of the United States and its European allies if they allowed Ukraine to strike deeper into Russia with long-range Western weapons.Putin,...

Modi readies for third term after securing coalition

2024-06-07 00:00:00

NEW DELHI, June 6 (AFP); Indian Prime Minister Narendra Modi was preparing Thursday to be sworn in for a third term after an unexpectedly close election that forced his party into a coalition government.Modi's Hindu-nationalist Bharatiya Janata Party (BJP), which...

Israeli strike on Gaza UN school kills at least 35

2024-06-07 00:00:00

GAZA, June 06 (BBC): An Israeli air strike on a UN school packed with hundreds of displaced Palestinians in central Gaza has reportedly killed at least 35 people.Local journalists told the BBC that a warplane fired two missiles at classrooms...

Two killed as bus hits auto-rickshaw in Gazipur

2024-06-07 00:00:00

GAZIPUR, June 06 (UNB): Two people were killed and two others injured when a bus hit an auto-rickshaw on Kaliganj-Tongi-Ghorashal bypass road at Nalchata in Kaliganj upazila of Gazipur district on Thursday.The identities of the deceased could not be known...

RU students rally against FF quota reinstatement in civil service

A CORRESPONDENT | 2024-06-07 00:00:00

RAJSHAHI UNIVERSITY, June 06: Students of Rajshahi University (RU) held a rally on the campus on Thursday protesting against the reinstatement of the 30 per cent quota for freedom fighters' (FFs) children in the class one and two government jobs.During...

300 families affected as nor'wester lashes Natore

2024-06-07 00:00:00

NATORE, Jun 06 (UNB): Around 300 families have been affected as a nor'wester lashed Singra upazila of Natore district on Wednesday night.The storm swept over several areas including Hatiandah, Kalam, Chamari, Dahiya and Sherkol unions in Singra upazila. According to...

Bulkhead plying to be halted for hassle-free Eid trips

FE REPORT | 2024-06-07 00:00:00

The government will impose a ban on movement of sand-laden bulkheads and speedboats from June 13 to 23 to facilitate homebound passengers' journey during the upcoming Eid-ul-Azha.Additional Inspector General of Police and head of river police Mohammad Abdul Alim Mahmud...

Blacksmith business picks up stream for Eid-ul-Azha

OUR CORRESPONDENT | 2024-06-07 00:00:00

COX'S BAZAR, June 06: As the Eid-ul-Azha is around the corner, blacksmiths in various places of Cox's Bazar, as elsewhere across the country, are getting increasingly busy receiving new orders every day.With only a few days left for the second...

Mercantile Bank gets Licence of Mastercard

2024-06-06 12:00:00

Mercantile Bank has joined hands with Mastercard by securing a licence from the global payment technology service provider. This partnership will extend the bank's card services, making them more advanced and technology-driven. Mercantile Bank has been granted the licence as...

MP killing: Shimul gives confessional statement

2024-06-06 12:00:00

Shimul Bhuiyan, an accused in the case lodged over the murder of Anwarul Azim Anar, Awami League lawmaker from Jenaidah-4, gave a confessional statement before a Dhaka courton Wednesday, reports BSS.He is the third accused who have given confessional statement...