Prime Minister (PM) Sheikh Hasina greeted PM Vladimir Vladimirovich Putin Thursday on the occasion of National Day of the Federation of Russia to be observed today (Friday), reports BSS. "The government and the people of Bangladesh join me in extending...
Local administration is going to impose a ban for 48 hours on holding all types of meeting, procession, gathering and rally in Sunamganj-4 where by-election is scheduled to be held Monday (June 15), reports UNB.The restriction will be imposed from...
FE ReportThe government has proposed to increase tax on the locally produced tobacco products and items of luxury."Considering the demand from various anti-smoking campaigners including Ministry of Health and Family Welfare, I propose to increase the price slab for cigarettes...
FE Report The government has set a target to disburse Tk 100 billion as agriculture credit through banks and non-banking financial institutions for fiscal year (FY) 2009-10. Finance Minister Abul Maal Abdul Muhith disclosed this in his budget speech Thursday....
JAMALPUR, June 11 (UNB): At least 10 persons were injured in a factional clash between two groups of BNP at Tomaltola in the district town Wednesday.
Indian High Commissioner Pinak Ranjan Chakraborty Thursday called on Deputy Speaker Col (retd) Shaukat Ali at the latter's office and discussed various issues of bilateral interest of Bangladesh and India, reports UNB.During the meeting, the Deputy Speaker termed India as...
Boogie WoogieOn SONY SET Friday at 8-30 pmThe original dance show, only one of its kind, to hit Indian Television, Sansui Boogie Woogie, recently completed ten glorious years. The dance show, that continues to rock the small screen with its...
FE ReportThe government has widened its overall social safety-net programmes for the fiscal year (FY) 2009-10 in order to reduce poverty through protecting the poor people from all sorts of social, economic and natural shocks."Social security and empowerment, and employment...
FE ReportThe government has set a lower economic growth target at 5.5 per cent for fiscal 2009-10 considering the bleak global outlook, said finance minister AMA Muhith while announcing new budget Thursday.It expects the growth rate at 5.88 per cent...
FE ReportFinance Minister AMA Muhith in his budget speech on Thursday urged the business community to change their traditional attitude of depending on the government for industrialisation."We are providing incentive … for the private sector but I would like to...
FE ReportThe finance minister has proposed a total allocation of Tk. 43.10 billion for power and energy sector in both non-development and development budgets for the next fiscal year.The allocation is 48 percent higher than the revised budget, said AMA...
FE ReportThe government has taken a major policy shift in preparation of national budget as it plans to frame "unified budget", "district budget" and "five-year development plan" from fiscal 2010-11 to achieve the vision of 2021.In the budget speech Thursday,...
FE ReportTwo leading trade bodies including a chamber welcomed the budget Thursday terming it timely, balanced and meaningful and said that it would inject new momentum into the economy.Bangladesh Chamber of Industries (BCI), the representative body of the local industries...
FE ReportThe government has proposed to replace the tax holiday facility for new industries by a new taxation measure titled 'reduced rate' from fiscal 2009-10.The existing industries are entitled for tax holiday until 2012. The Finance minister AMA Muhith in...
The budget envisages that employment opportunities for about 700,000 people would be created during the next fiscal year apart from providing employments for 4.90 million (49 lakh) man-months for the hardcore poor, reports UNB."Our election manifesto specifies the main elements...
From Fazle RashidNEW YORK, June 11: The attraction and charm of glamour, power and riches that go with the offices of the top executives of the US corporate giants are not likely to revert to the golden pre-recession era. The...
FE Report Finance minister Abul Maal Abdul Muhith rolled out Thursday a Tk 1.138 trillion (Tk 1,13,819 crore) national budget for the fiscal 2009-10, with a resolve to mitigate effectively the global recession impacts, maintain macroeconomic stability and develop infrastructures...
FE ReportThe government in the national budget for the next fiscal, presented Thursday last, offered an opportunity to legalise undisclosed income through investment in some specific listed stocks, purchase of flats and construction of houses. No question would be asked...
Zaidi Sattar and Ahsan MansurThe long awaited budget of the new government came with a few surprises. The general direction had become public knowledge in light of several leaks in the press on tax and expenditure strategies. With an outlay...
FE ReportThe government has allocated Tk50 billion in the next budget as "stimulus package" to rescue the country's ailing exporters from the spillover effects of the global economic recession. Finance minister AMA Muhith unveiled the new and expanded sops for...
FE ReportThe government has proposed in the budget to impose 5.0 per cent customs duty on import of newsprint to be used in the newspaper industry.It has also proposed to waive value added tax (VAT) on physicians' fees and pharmaceutical...
FE Report Leading economists have hailed the budget as ambitious but warned that "execution" and "resource mobilisation" would be the key challenges in implementing the outlay.They termed the size of the budget as "big and ambitious" and stressed that the...
FE ReportThe country's apex trade body in its instant reaction termed the proposed budget as being positive for the business people as the government has increased allocation in most of the sectors.The Federation of Bangladesh Chambers of Commerce and Industry...
FE ReportThe government has taken a special initiative to involve the private sector under Public Private Partnership (PPP) to accelerate the process of investment.Presenting the national budget for FY 2009-10, Finance Minister AMA Muhith proposed to allocate Tk 21 billion...
FE ReportApparel and textile manufacturers Thursday slammed the budget as "imbalanced" and "unfriendly", saying it has failed to address the challenges faced by the country's largest export earners amid the global downturn. Leaders of the Bangladesh Garments Manufacturers and Exporters...
EXPLANATORY NOTES:1. Grants have been grouped together with government revenues as they are unrequitted receipts from development partners;2. Expenditure for acquisition of assets, acquisition of land, constructon and works, and investment in shares and equities etc. have been included in...
The number of reserved seats for women in parliament will be increased to 100, the Finance Minister said Thursday. "There'll be direct election in these seats," Finance Minister AMA Muhith said while placing the budget in parliament. In the meantime,...
US Assistant Secretary of State for South and Central Asian Affairs Robert O Blake will arrive in the city tomorrow (Saturday) on a two-day official visit. This is his first visit to Bangladesh as Assistant Secretary, said a US Embassy...
VIENNA, JUNE 11: Oil prices hovered near $72 a barrel Thursday as investor optimism about a global economic recovery pushed crude to fresh highs for the year. Oil has jumped from below $35 a barrel in March on expectations the...
Following is the text of the budget speech of Finance Minister AMA Muhith broadcast on national electronic media Thursday:In the name of Allah, MostGracious, Most MercifulMr. Speaker1. I would like to present, with your kind permission, the Supplementary Budget for...
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