Dhaka April 20, 2025, 10:26 pm
The government liabilities are expected to jump by 56 per cent at the end of June 2021, according to the annual financial statement.
Govt allocated Tk. 955.74 billion or nearly 17 percent of the proposed budget for fiscal year 202-21, with some programmes designed directly for the virus affected people
Policies need to be put in place to protect stranded migrants and ensure the reintegration of those who return to their home countries
Recovery from the impacts of the outbreak is projected to be more gradual than previously forecast
According to the central bank, the country's foreign exchange reserves rose to $35 billion on June 23. On June 3, the reserve crossed $34 billion mark for the first time
Income tax on the compensation amount of immovable properties acquired by the government is likely to be tripled in the upcoming fiscal year.
The government's revenue collection in the current fiscal year is likely to contract for the first time since the country's independence in 1971.
Bangladesh needs massive administrative reforms and provisions for increased incentives to leverage the shifting global supply chain, which is likely to move out of China.
This emergency financing is very fast-disbursing, countries receive the money within days, it does not carry traditional IMF conditionality
The central bank has asked the commercial banks to take effective measures to implement the government-announced stimulus packages immediately to help revamp the country's overall economic activities.
Developing Asia will barely grow in 2020 as containment measures to address the Covid-19 pandemic hamper economic activity and weaken external demand, according to an updated Asian Development Bank (ADB) report released on Th
Bangladesh's gross domestic product is expected to grow by 4.5 per cent in fiscal year 2020 and 7.5 per cent in fiscal year 2021, according to an Asian Development Bank report.
The International Business Forum of Bangladesh (IBFB) has termed the proposed budget as usual one at an unusual time.
Global foreign direct investment (FDI) flows are forecast to decrease by up to 40 per cent in 2020, and further by 5 to 10 per cent in 2021, before recovering in 2022, said a United Nations report Tuesday.
Individual taxpayers with gross assets lower than Tk 4.0 million will not be required to submit wealth statement in tax returns.
It now appears that Bangladesh is facing a major economic crisis in the making caused by the Covid-19 pandemic.
Bangladesh's economic impact due to COVID-19 pandemic has been felt in three main avenues-- a drop in domestic economic activity after announcement of shutdown, a decline in exports of ready-made garments and a fall in inward
Despite having a devastation by recent cyclone Amphan, government hardly allocated incremental financial allocation for embankment construction for coastal protection and to save next economic activities or any stimulus to sa
The government has exempted value added tax (VAT) on sales of newspapers, books, magazines, government gazettes and other publications.
Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) congratulated Finance Minister A H M Mustafa Kamal for presenting his second national budget before the Jatiya Sangsad on Thursday for the financial year 2O202021 (F
