KYIV, June 01 (Reuters): A Russian missile attack on Kyiv killed three people including two children and injured 14 on Thursday, officials in the Ukrainian capital said.The Kyiv military administration said in a statement the attack struck the Desnyanskyi region...
WASHINGTON, June 01 (AFP): Former vice president Mike Pence plans to announce his 2024 White House candidacy next week, challenging Donald Trump for the Republican nomination, US media reported on Wednesday.The 63-year-old Pence will launch his presidential campaign on June...
WASHINGTON, June 01 (AP): Earth has pushed past seven out of eight scientifically established safety limits and into "the danger zone," not just for an overheating planet that's losing its natural areas, but for the well-being of people living on...
It is a matter of relief that no additional taxes have been applied to the capital market at a time when the government is striving to increase tax revenue. Investors had become concerned following the news on the possibility of...
The capital market will remain as bearish in FY24 as it is now for the proposed budget offers no new incentive for the market. "We expected new incentives."New tax incentives could make the market vibrant. Many securities have already moved...
The FY24 budget unveiled on Thursday will have no impact on the stock market.Every year some hypes or speculations are created ahead of the national budget to influence the price movement of securities on the bourses. "It is expected that...
FE Report | 2023-06-02 00:00:00
The government has proposed to formulate rules for the tax return preparers (TRPs) with a view to expanding the tax net by including new individual taxpayers.Following the models of various developed countries, the new concept has been proposed in the...
FE REPORT | 2023-06-02 00:00:00
The government is set to scrap the offshore money-whitening scheme for the upcoming fiscal year (FY) due to getting zero response to the offer.In the budget proposal for FY 2023-24, there is no mention of extension of the facility scheduled...
FE REPORT | 2023-06-02 00:00:00
Finance Minister AHM Mustafa Kamal has proposed higher duties and value-added tax (VAT) on the imports of dates, cashew nuts and non-fortified basmati rice.To safeguard the interests of local cashew nut gardeners, the finance minister in the national budget for...
FE REPORT | 2023-06-02 00:00:00
The government intends to gradually eliminate the payment of minimum capacity charges for rental power plants or rent-operated power plants by removing the relevant clause during contract renewal, according to Finance Minister AHM Mustafa Kamal. During his budget speech on...
FE REPORT | 2023-06-02 00:00:00
The budget seems to have completely overlooked the proposals given by stakeholders to boost the ailing stock market. Every year ahead of the budget proposal, some expectations are created regarding incentives for investors and listed companies, said Faruq Ahmad Siddiqi,...
FE REPORT | 2023-06-02 00:00:00
An allocation of Tk 1.26 trillion (Tk 126,272 crore) has been proposed for the social safety net programmes in the budget for FY 2023-24 placed on Thursday. The proposed amount is 16.58 per cent of the total budget allocation and...
YASIR WARDAD | 2023-06-02 00:00:00
After sourcing a record 3.33 million tonnes of foodgrain for public food warehouses in the outgoing financial year, the government has targeted to buy 3.16 million tonnes of the staples in the next budget for FY'24.Allocation for food procurement both...
FE Report | 2023-06-02 00:00:00
Some major income tax measures for the upcoming Fiscal Year (FY) may be proposed in Parliament on June 4 while placing a new draft law of income tax.The Finance Bill-2023, placed with the National Budget for FY 2023-24 on Thursday,...
FE REPORT | 2023-06-02 00:00:00
The government has planned to launch the country's first ever full-fledged digital bank within the next fiscal year (FY'24), finance minister AHM Mustafa Kamal said in his budget speech in parliament on Thursday.He said a Bangladesh Bank committee was working...
FE REPORT | 2023-06-02 00:00:00
The proposed budget for the fiscal year 2023-24 has introduced travel tax for the domestic air passengers, along with suggesting increasing tax for international air, water and land passengers. According to the Finance Bill, Tk 200 travel tax has been...
FE REPORT | 2023-06-02 00:00:00
The government intends to overhaul tariff structures and progressively diminish cash assistance, with the objective of facilitating Bangladesh's graduation from the least developed country (LDC) club in 2026. Besides, it aims to explore alternative measures to cash assistance, with a...
FE REPORT | 2023-06-02 00:00:00
The total government subsidy for the next fiscal year (FY) is proposed to be of TK 2.89 trillion, including direct tax expenditures of TK1.78 trillion mainly on account of exemptions and rebates.The microfinance sector would receive the highest amount at...
The number of male diabetic patients is increasing alarmingly in Bangladesh. According to experts, high blood sugar in diabetic men may lower their fertility. Recent studies have found that at least one in four men with diabetes may have a...
Load-shedding in most parts of Bangladesh is now a common affair. We are now facing hours-long power outage every day in sweltering heat. Load-shedding has also come back to Dhaka city. In the capital, residents now have to experience power...
Zahid Huq | 2023-06-02 00:00:00
Health Minister Zahid Malik sounded ominous the other day when he cautioned everybody about vector-borne dengue becoming a serious problem this year. The minister while talking to newsmen explained the reasons for apprehending a major outbreak of the disease that...
Nilratan Halder | 2023-06-02 00:00:00
The death of a boy from the fall of a 5-6-feet long rod right on his head from the under-construction Dhaka elevated expressway at a spot in Mohakhali could be passed as an accident but for the developments following the...
The onion market is turning volatile much to the dismay of the general consumers who have their backs already to the wall due to skyrocketing prices of the essential commodities. With the Eid-ul-Adha, a major Muslim religious festival, about a...
Rajshahi Krishi Unnayan Bank (RAKUB) held the concluding ceremony of 37th foundation training course for its newly appointed officials at the bank's head office in Rajshahi. Managing Director of the bank Niranjan Chandra Debnath was present as the chief guest.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Wednesday said that the government does not directly give any subsidy to fuel oil, reports UNB.In reply to a tabled question from AL MP Haji Selim, the state minister...
FE REPORT | 2023-06-01 00:00:00
A writ petition has been filed with the High Court seeking its directive to transfer foreign-exchange reserves of Bangladesh from the US Federal Reserve Bank to any other 'safer' country.Md Mahmudul Hasan, a Supreme Court lawyer, filed the writ petition...
Prime Minister Sheikh Hasina on Tuesday called for more Swedish investment in various sectors of Bangladesh, particularly in ICT and Economic Zones, reports UNB.The Prime Minister made the call when a Swedish Delegation led by CEO and President of world-renowned...
Finance Minister AHM Mustafa Kamal is set to place the national budget for fiscal year (2023-2024) at the Jatiya Sangsad today (Thursday), reports BSS.This will be the country's 52nd budget and the 24th of the Awami League government in five...
FE REPORT | 2023-06-01 00:00:00
The Newspaper Owners' Association of Bangladesh (NOAB) has demanded the withdrawal of various duties and taxes on different components linked to newspaper production, taking into consideration the hardships the industry has been facing since the Covid-19 pandemic hit the country.In...
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