Dhaka February 24, 2025, 3:26 am
The volume of classified loans in the country’s banking system jumped by more than 19 per cent or Tk 142.86 billion in the first quarter (Q1) of 2018 despite the central bank’s close monitoring
Finance Minister Abul Maal Abdul Muhith has said all targets set in the proposed budget for next fiscal year (2018-19) are achievable.
Finance Minister AMA Muhith today proposed to borrow Tk 42,029 crore from the banking sources to manage the deficit financing.
The finance minister said that radical reforms to the tax system are necessary because economic globalisation and the rise of information and communication technology have had a significant impact on taxation systems around t
Muhith proposed corporate tax for the non-listed garment sector at 15 percent from the revised rate of 12 percent. The minister also proposed 2 percent increased corporate tax rate for the green garment factories at 12 percen
The high interest rate of savings instruments, seemingly to gain popularity in the election year,has pushed up the government’s budget expenditure. Most of the interest payments will meet the government’s domestic borrowing c
The allocation for women in the national budget increased by five folds in the last nine years as the allocation was Tk27,248 in 2009-10
This will enable the National Board of Revenue to have real-time access to business transactions which will eventually protect revenue leakage and increase revenue collection significantly
The proposed allocation for the power division and the energy and mineral resources division is up 2.72 percent compared to the revised budgetary allocation of Tk 24,260 crore for the sector in the current fiscal year
Children who are employed in risky jobs are now getting skill development training and informal education for duration of 18 months and 6 months respectively
To encourage the use of green product jute, a 5 per cent supplementary duty has been proposed on all polythene bags, plastic bags and poly-packaging in the budget for fiscal 2018-19
Minister Muhith proposes to impose 5 per cent VAT on all e-commerce, including those using Facebook for sales, in the budget for fiscal 2018-19
The Cabinet approved the national budget of around Tk 468,000 crore for the fiscal year 2018-19 on Thursday afternoon
The lofty budget set a target of Tk 3.39 trillion revenue earnings, of which Tk 2.96 trillion will be collected by the National Board of Revenue (NBR)
The Centre for Non Resident Bangladeshis (Centre for NRB), a non-profit research organisation, made the plea to the National Board of Revenue (NBR)
This will be the country’s 47th budget and the 19th of the Awami League government while the 12th for Muhith
The banks are allowed to avail liquidity from the central bank for durations ranging from seven days to a maximum of 28 days.
The BPC is violating both policy and rules concerning the public accounts. This is in no way acceptable
The project-executing agencies concerned have sought two more years and an increased amount of funds for completing the BRT line due to failure in timely execution of the project
The House (Budget Session) would sit at 10:30 am every working day
