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...
The government has finally proposed bringing down the import duty on newsprint from the existing 25 per cent to 15 per cent responding to a long-standing demand of the newspaper industry, reports bdnews24.com."I propose reduction of customs duty on the...
FE Report The indices on the Dhaka Stock Exchange (DSE) fell Thursday, the last trading session of the week mainly due to profit taking by the investors. The prices of shares on the DSE continued rally for a couple of...
The government has moved to ban the use of black money for purchase or construction of buildings, lands and cars, in the budget for fiscal 2007-08.The use of untaxed or undisclosed money was allowed under sections 19B, 19BB and 19BBB...
The High Court (HC) Thursday outright rejected a public interest litigation writ petition challenging the reported moves of the government to lease the proposed Chittagong deep-sea port to a US company, and transit facilities to India. The petition, filed by...
President Iajuddin Ahmed will undergo a cataract surgery at BIRDEM Hospital in the city today (Friday) morning. A Phaco Emulsification cataract surgery with IOL implantation on the right eye of the President would be performed at BIRDEM, said a Bangabhaban...
The government has allocated 59,700 tonnes of rice for distribution among destitute people during the current month. The allocation was made for 5,970 families, which have been rehabilitated in 597 barracks under 68 housing projects, being jointly implemented by the...
FE ReportFinance Adviser Mirza Azizul Islam said Thursday if necessary, the interim government would go for open market operation in order to keep the price of food grains within the tolerable limits.He said this while announcing the national budget for...
FE ReportFinance Adviser Mirza AB Azizul Islam Thursday proposed a series of measures for the development of two basic sectors education and health.In his budget speech Azizul Islam said the government has taken up a new initiative for research and...
Six persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Mymensingh, two people were killed in a road accident at Bakshimul in Tarakanda thana Thursday.The victims...
The health and well being of mothers and newborns is set to get a significant boost with UK Department for International Development (DFID) and the European Commission (EC) support worth $31.2 million, reports UNB. The funding will support Bangladesh Government's...
Wildlife Trust of Bangladesh (WTB) will hold a daylong workshop titled 'Training Programme for Adult Advisers for Teens for Planet Earth in Bangladesh' at Cosmos Centre in the city today (Friday), reports UNB.Enayetullah Khan, Editor-in-Chief of United News Of Bangladesh...
The Deputy Commissioners (DCs) have been urged to extend all out cooperation to the government for consolidating financial and administrative management.President Iajuddin Ahmed made the request while addressing the Deputy Commissioners' Conference at the Bangabhaban Thursday, reports UNB. Cabinet Secretary,...
Chief Election Commissioner (CEC) ATM Shamsul Huda has said that the Election Commission (EC) would give a roadmap in the middle of the next month with a clear idea about holding elections in 2008.He said this after holding a meeting...
Outgoing Bhutanese Ambassador in Bangladesh Dasho Jigme Tshultim has said there is opportunity for joint venture on hydroelectricity between Bangladesh and Bhutan, as his country is abundant in hydroelectric potential.The remark came when the ambassador made a farewell call on...
WASHINGTON, June 6 (AFP): China should step up market-opening and currency reforms to help avert a "protectionist tide" in the United States, US Treasury Secretary Henry Paulson said yesterday. Paulson, in a Washington speech, reiterated that Beijing is moving too...
NEW DELHI, June 6 (PTI): India has informed the World Trade Organisation (WTO) that it is making efforts to resolve the disputes with the US over high rates of duties on wines and spirits. India's representative in Geneva, the WTO...
SIKASSO, Mali, June 6 (AFP): African peasants at the forum held to counter the Group of Eight (G8) summit yesterday criticised the subsidies enjoyed by the rich nations' producers, which they said were squeezing them further into poverty. "I cannot...
WASHINGTON, June 6 (AFP): Leading US chief executives see steady growth in the US economy though 2007 underpinned by strong consumer spending, a survey showed yesterday. The Business Roundtable's second quarter 2007 CEO Economic Outlook Survey shows that leaders are...
CAPE TOWN, South Africa, June 6 (AFP): European Central Bank (ECB) President Jean-Claude Trichet again stressed the danger of hedge funds yesterday on the eve of a Group of Eight (G8) meeting where Germany is pushing for tighter controls on...
ABU DHABI, June 6 (Xinhua): The volume of bilateral trade between the United Arab Emirates (UAE) and Japan reached 37.64 billion US dollars in 2006, representing a growth of 28.9 per cent over the previous year, Emirates News Agency reported...
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