Prices of a number of items may be influenced by the budgetary measures such as tax, import duty and value-added tax according to the budget proposals for 2007-08 fiscal, reports bdnews24.com. The costs of soft drinks, mineral water, toilet soap,...
Shamsul Huq Zahid The proposed national budget announced by Finance Adviser Mirza Azizul Islam Thursday for the fiscal 2007-08 appears to be a blend of boldness and pragmatism, amid worries. The finance adviser has preferred to deviate from the traditional...
FE ReportFinance Adviser Mirza Azizul Islam recommended Thursday a series of measures in the proposed national budget for fiscal 2007-08 to rein in the prices of essential commodities in the local market.While presenting the budget the adviser proposed complete withdrawal...
FE ReportSimplification of procedures in income tax payment, rationalisation of tariff structure, reducing tariff discrimination and expansion of the existing net on the Value Added Tax (VAT) are the main features of the proposed new fiscal measures.The proposed fiscal measures...
FE ReportThe government has announced a three-year plan to increase power generation by 345 megawatts (MW) in the first year, 900 MWs in the second year and 1050 MWs in the third year.Finance Adviser AB Mirza Azizul Islam, in the...
BNP chairperson Khaleda Zia has termed newspaper reports based on joint interrogation cell's (JIC) interrogation about her family members' links in bribery and extortion 'false and baseless', reports UNB."These are being publicised with certain motives," she told reporters at the...
FE ReportThe annual inflation will come down to 6.5 per cent from existing 7.0 per cent and in the medium term this will fall gradually due to adoption of consistent and cautious fiscal and monetary policy, Finance Adviser Mirza Azizul...
FE Report In a major budgetary reform, the caretaker government has proposed a drastic cut in block allocation in the development budget for the fiscal 2007-08 to help avoid misuse of public money.The proposed budget, unveiled Thursday by Finance and...
The fast track Anti-Graft Court Thursday jailed neo-rich businessman Giasuddin Al Mamun for three years for non-submission of his wealth statement to the Anti-Corruption Commission (ACC) by the deadline to the graft watchdog, report agencies.After examining the prosecution's witnesses and...
FE ReportSimplification of procedures in income tax payment, rationalisation of tariff structure, reducing tariff discrimination and expansion of the existing net on the Value Added Tax (VAT) are the main features of the proposed new fiscal measures.The proposed fiscal measures...
FE ReportThe government has announced a three-year plan to increase power generation by 345 megawatts (MW) in the first year, 900 MWs in the second year and 1050 MWs in the third year.Finance Adviser AB Mirza Azizul Islam, in the...
BNP chairperson Khaleda Zia has termed newspaper reports based on joint interrogation cell's (JIC) interrogation about her family members' links in bribery and extortion 'false and baseless', reports UNB."These are being publicised with certain motives," she told reporters at the...
FE ReportThe annual inflation will come down to 6.5 per cent from existing 7.0 per cent and in the medium term this will fall gradually due to adoption of consistent and cautious fiscal and monetary policy, Finance Adviser Mirza Azizul...
FE Report In a major budgetary reform, the caretaker government has proposed a drastic cut in block allocation in the development budget for the fiscal 2007-08 to help avoid misuse of public money.The proposed budget, unveiled Thursday by Finance and...
The fast track Anti-Graft Court Thursday jailed neo-rich businessman Giasuddin Al Mamun for three years for non-submission of his wealth statement to the Anti-Corruption Commission (ACC) by the deadline to the graft watchdog, report agencies.After examining the prosecution's witnesses and...
FE Report Economists see the proposed national budget for the forthcoming fiscal as "a development-friendly budget," but have said the allocations on 'social empowerment' should give top priority on employment generation to give the economy a further boost. "It's a...
Chief Executive Officer (CEO) of Dhaka Stock Exchange (DSE) Salahuddin Ahmed Khan Thursday welcomed the budget proposal on the development of the country's capital market, reports UNB."We're happy. What we wanted is there," he told the news agency in an...
FE ReportThe budget proposal to withdraw the existing zero duty facility on import of textile machinery has irked the business leaders of the country's textile and clothing sectors.They, however, hailed the government proposal to augment the cash incentive against export...
FE ReportThe budget proposal to withdraw the existing zero duty facility on import of textile machinery has irked the business leaders of the country's textile and clothing sectors.They, however, hailed the government proposal to augment the cash incentive against export...
FE ReportThe caretaker government has widened the social empowerment and social safety net programmes to bring the disadvantaged community including women, children, and the disabled into the mainstream development process. Regarding creation of more job opportunities, it has extended the...
Finance and Planning Adviser Mirza Azizul Islam Thursday said more shares of a number of state-owned enterprises (SoEs) will be off-loaded in the capital market."The capital market will become deeper following the listing of SoEs under power, telecommunication and energy...
FE ReportThe budget for fiscal 2007-08 has given special priority to the development of agriculture sector and rural development, aiming to meet the country's growing demand for food and to keep inflation within tolerable limit.To achieve the goal, the Finance...
FE Report The country's secondary bond market is likely to flourish due to proposed budgetary measures of abolishing the provision of all up front and advance tax on government bonds. Finance Adviser Mirza Azizul Islam in his budget speech Thursday...
FE Report The government has proposed a target to disburse Tk 63.51 billion as agriculture credit through eight state-owned banks and financial institutions in fiscal 2007-08. "Agricultural credit as an input to the rural socio-economic development as well the productivity...
FE Report The government is going to amend the existing Money Laundering Prevention Act to check illegal fund transfer in line with the international standards. "To prevent illegal money transfer and hundi business the Money Laundering Prevention Act is being...
FE Report Finance Adviser Mirza AB Azizul Islam Thursday said the government has waived Value Added Tax (VAT) on a number of items in order to enable people in general to access cheaper medical service and also to help people...
FE Report The proposed budget for fiscal 2007-08 has outlined enhancement of the tax-exempted income limit for individual taxpayers from existing Tk120,000 to Tk150,000."Simultaneously, I propose that if an individual tax payer paying taxes at the highest rate of 25...
FE Report Finance Adviser Mirza Azizul Islam said Thursday steps have been taken to amend acts relating to tax collection procedures and reducing the number of required documents. While presenting the national budget for fiscal 2007-08 he proposed several amendments...
FE ReportThe government is expecting Tk 146.58 billion (14,658 crore) as foreign assistance in the national budget for fiscal 2007-08 which is 13.2 per cent of total resources of Tk 796.14 billion.The amount of expected foreign aid is Tk 25.32...
FE Report The government in the new budget has proposed imposition of tax, deductible at source, on issuance and renewal of licences, all export earnings, and re-fixation of tax on hospitals and diagnostic centres, commission income concerning stevedoring, C&F (clearing...
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