New Delhi, 11 July (Indrajit Bose)- The actual status of the resources committed to the UNFCCC’s Green Climate Fund (GCF) became an issue at the 17th Board meeting which was held on 5-6 July in Songdo, South Korea.
Category: Budget
BAU approves Tk 282.42 cr annual budget
Mymensingh – The Bangladesh Agricultural University (BAU) Syndicate on Monday approved the annual budget for the fiscal year 2017-18 with a small allocation for academic purpose.
How citizens are shaping budget priorities in a Kenyan County
Milka Losia knew it was the river’s fault that her brother died. The culprit was the dirty brown water they had no choice but to drink. ‘Our village needs a hospital, people are dying,” said Benson Naitalima, a farmer.
BD achieves revenue collection target for 2016-17
Dhaka, July 1 – The National Board of Revenue (NBR) exceeded the revenue collection target for the outgoing fiscal year 2016-17 as it collected Taka 1,08,571 crore, up Taka 71 crore from the revised target of Taka 1,85,000 crore.
BD Parliament passes budget after huge opposition
Dhaka, June 29 – Parliament on Thursday passed the Tk4,00,226crore national budget for FY 2017-18with a growth target of 7.4 percent, expecting to open up a new horizon for Bangladesh through some initiatives ahead of the next general election.
AT law to be suspended for 2 yrs; Finance Bill passed
Sangsad Bhaban – The Finance Bill 2017 was passed in Parliament on Wednesday with some major changes to the VAT Law and excise duty on bank accounts. -UNB
VAT law suspended, new excise duty slabs in budget
Dhaka, Jun 28 – The Finance Bill 2017 was passed in Parliamenton Wednesday with some major changes to the VAT Law and excise duty on bank accounts.
Drama on politics to highlight PM, says BNP
BNP on Thursday alleged that the government is staging a drama over the new national budget in a bid to brighten Prime Minister Sheikh Hasina’s image. “The Prime Minister has asked (Muhith) to postpone the controversial new VAT law. The…
Legal notice demands cancellation of Excise duty on bank Ac
Dhaka – A legal notice was yesterday sent to the government requesting cancellation of all excise duties on bank accounts within 72 hours.
GDP growth in outgoing fiscal year 7.24 percent
Finance Minister Abul Maal Abdul Muhith here today said the GDP growth would be made 7.24 percent for outgoing fiscal 2016-2017. “The aim of the GDP growth has been fixed at 7.04 percent for the fiscal 2017-2018,” the minister said…
Govt. cuts 18 percent duty on rice import
Commerce Minister Tofail Ahmed said the government has decided to slash import duty on rice by 18 percent to ensure smooth supply and check price. “Now, rice will be imported paying only 10 percent import duty,” said the minister at…
Change in Excise Duty on Bank Accounts on cards: Muhith
Dhaka – Finance Minister AMA Muhith today said the decision on the proposed excise duty on the bank deposits will be changed when the budget will be passed in the Jatiya Sangsad.
People rejected budget, says Ershad
Rangpur – Jatiya Party Chairman HM Ershad on Monday said people have rejected the proposed budget for the fiscal year 2017-18 as a huge tax burden was imposed on them. -UNB
Withdraw excise duty on bank accounts, reduce VAT: BNP
Dhaka – The BNP on Sunday demanded of the government for withdrawal of excise duty on bank accounts and reduce Value Added Tax (VAT) to a tolerable level in the proposed budget for 2017-18 fiscal year.
New tax system to be complicated: QK Ahmad
Dhaka, June 10 – Noted economist Qazi Kholiquzzaman Ahmad on Saturday said implementation of new tax system as described in the proposed budget for tobacco sector will be complicated.
Black money worth Tk 13,372cr whitened since liberation: Muhith
Sangsad Bhaban – Black money worth Tk 13,372 crore have been whitened (legalised) since the country’s independence, Finance Minister Abul Maal Abdul Muhith told Parliament on Thursday. – UNB
Pol forsight, accountability must for budget
Political foresight and strong accountability measures are key for effectively implementing and monitoring the National Budget FY2017-18. The proposed budgetary measures had not been adequately debated in the Parliament. The Parliamentary standing committees and local government also needed to play…
Ecnec okays Tk 160 cr project to enhance waste management capacity
Dhaka – The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved ‘Procurement of Equipment for Solid Waste Management’ project with Tk 160.12 crore, aiming to enhance waste management capacity in Dhaka North, Dhaka South and Chittagong City…
Excise duty on bank accounts to impact negatively: TIB
Dhaka, Jun 5 – The additional excise duty imposed on bank accounts in the proposed budget will increase the influence of bank money in the country’s economy and it will act as a tool to protect loan defaulters, said Executive…
People are in a fix over imposition of excise duty!
We know from a report that there are 16 thousand 98 crore taka shortage of Bank capital of 6 state banks and one private bank and to meet up this shortage 2 thousand crore taka has been proposed in the…
Concerns about some tax provisions to be addressed: PM
Dhaka – Amid concerns of the business community and the common people about some provisions of tax, and VAT and excise duty on the proposed budget for fiscal year (2017-18), Prime Minister Sheikh Hasina on Sunday said her government will…
Duty on bank deposits to encourage capital flight: Business
The budget proposal to hike excise duty on bank account balance may encourage capital flight, the country’s apex trade body has said in a statement. The FY2018 budget proposes to increase excise duty to Tk 800 from Tk 500 on…
It’s a cruel budget to suck people’s blood: Khaleda
BNP Chairperson Khaleda Zia on Saturday described the proposed national budget for FY 2017-18 as a ‘cruel one’, saying the government has formulated it to suck people’s last drop of blood. “A cruel budget is a final attempt by the…
Foreign investors chamber for changes budget
Dhaka, Jun 2 – The Foreign Investors’ Chamber of Commerce and Industry (FICCI) on Friday expressed its concern over a number of proposals made in the new budget and demanded addressing their concerns with necessary amendments.
Budget to fuel production cost, inflation: CPD
Dhaka, Jun 2 – Centre for Policy Dialogue (CPD) on Friday feared a hike in production cost and consumer expenditure, and a rise in inflation in the coming fiscal year due to the proposed overall tax structure hurting the overall…
Budget ambitious but won’t hike prices: Muhith
Dhaka, Jun 2 – Claiming that the whole of the proposed budget is ‘bright’ and there is no weakness, Finance Minister AMA Muhith on Friday ruled out the possibility of cancelling the decision of imposing excise duty on bank accounts.
Budget aimed at making political gain: BNP
Dhaka, June 1 – BNP secretary general Mirza Fakhrul Islam Alamgir on Thursday said the national budget for the 2017-18 fiscal year will not be helpful for public welfare as the government has formulated it to make its ‘political gain’…
Taka 4 trillion Bangladesh budget estimate placed
Finance Minister AMA Muhith on Thursday unveiled a Tk 4,00,226 crore ambitious budget for the next fiscal year (2017-18) with a growth target of 7.4 percent, expecting to open up a new horizon for Bangladesh through some initiatives ahead of…
Cabinet approves proposed national budget
Dhaka – The Cabinet at its special meeting on Thursday approved the proposed budget for the new fiscal year (2017-18). UNB news reported
Muhith to unveil Budget Thursday, focus on job creation
Dhaka – Amid the business community’s concern about possible imposition of 15 percent flat VAT rate from July 1 next, Finance Minister AMA Muhith is going to place in Parliament on Thursday a possible Tk 400,266 crore national budget for…