Dhaka – The economy of Bangladesh will grow at 6.9 percent this and next years, according to a latest report of the Asian Development Bank (ADB). “In Bangladesh, South Asia’s garment industry leader, exports are a key element driving growth…
Category: Budget
Ctg to see massive changes amid dev spree: Minister
Dhaka – Housing and Public Works Minister Eng Mosharraf Hossain on Sunday said Chittagong will see a drastic change within the next 5-10 years following the massive development initiatives, including the establishment of two special economic zones. UNB news agency…
DCCI proposes 7pc flat VAT; govt sticks to 15pc
Dhaka – Dhaka Chamber of Commerce and Industry (DCCI) has proposed a 7 percent flat VAT rate from the next fiscal year though the government indicates not to bring any change in its plan to implement a uniform 15 percent…
4 strategies for leveraging the next global disruption
by Shane Cragun & Kate Sweetman We suggest the only constant going forward is change. We’re talking massive, disruptive, and tumultuous change. It is beginning to look like radical change will be THE absolute going forward in the 21st century.
Budgetary allocations for jobs declining in BD: Experts
BIDS experts urged the government for budgetary allocation to create jobs in formal sector as the recent trend shows the formal sector job is declining in comparison to informal sector. Senior Visiting Fellow of CDER Rizwanul Islam said “During the…
Economists want ’employment budget’ in National budget
Dhaka – The BIDS experts demanded an “employment budget” to be included in the budget for the coming 2017-2018 fiscal to increase the employment growth in the formal sector. The new national budget for 2017-18 is expected to be placed…
Saudi Arabia to cull billions of dollars of projects
By Simeon Kerr Saudi Arabia is planning to cull billions of dollars of projects as part of its latest cost-cutting measures to narrow a gaping budget deficit and balance the books by 2020.
TIB concerned over $2 billion loan from WB
Dhaka-Transparency International Bangladesh (TIB) has voiced concerns over the World Bank’s intention of expanding its lending portfolio by providing a loan of $2 billion to Bangladesh as climate finance over the next three years.
Saudi Arabia cuts wage bill of govt employees by 20%
The Saudi Arabia govt has also decided to suspend wage increases for the lunar year starting next month and curbed allowances for public-sector employees Riyadh: Saudi Arabia cancelled bonus payments for state employees and cut ministers’ salaries by 20%, steps…
Budget to increase per capita tax burden: BNP
Describing the national budget for FY 2016-2017 as traditional and highly ambitious one, BNP on Wednesday said it will only increase per capita tax burden instead of ensuring public welfare.The party also questioned the capability of the government to implement…
BNP hits back at Muhith over budget remarks
Defending his remark that the national budget for FY 2016-2017 is ‘reactionary’ one, BNP senior joint secretary general Ruhul Kabir Rizvi on Saturday said Finance Minister AMA Muhith is unable to understand the word ‘reactionary’ as ‘he has never been…
Budget deliberately ambitious: Muhith
Admitting that the Tk 3.40 lakh crore budget for the fiscal year 2016-17 is deliberately ambitious, Finance Minister AMA Muhith on Friday said the revenue target will be achieved through enhancing the efficiency of the National Board of Revenue (NBR).
Budget deliberately ambitious: Muhith
Admitting that the Tk 3.40 lakh crore budget for the fiscal year 2016-17 is deliberately ambitious, Finance Minister AMA Muhith on Friday said the revenue target will be achieved through enhancing the efficiency of the National Board of Revenue (NBR).…
Muhith presents Tk 3,40,605cr deficit budget for FY17
Dhaka – Finance Minister AMA Muhith Thursday rolled out a Taka 340,605 crore deficit budget for 2016-2017 fiscal setting the GDP growth target at 7.2 percent and delineating a set of programmes to transform the country into a modern and…
DCCI happy with Package VAT retention
Dhaka Chamber of Commerce and Industry (DCCI) has congratulated the government for the retention of “Package VAT” and expressed mixed reactions over the proposed budget for the coming fiscal year. The DCCI held a meeting in its board room with…
BNP calls it anti-people budgetl
Terming it an anti-people one, BNP on Thursday turned down the proposed budget for Fiscal Year 2016-17.The party also said there is no reflection of people’s hopes and aspirations in the new budget. Finance Minister AMA Muhith on Thursday placed…
Question not of budget size, but is implementation
Dhaka – Executive Director of the Centre for Policy Dialogue (CPD) Prof Mustafizur Rahman has emphasised enhancing institutional capacity and establishing good governance to implement the budget for the 2016-17 fiscal, Muhammad Syfullah, Unb Staff Writer has reported. Finance Minister…
BDT 340,006 crore annual budget to be placed for FY 2016-17
Finance Minister AMA Muhith is likely to place annual budget proposal around Tk 340,006 crore for FY 2016-17.
Traders demand retention of ‘Package Vat’
Businessmen staged a one-hour human chain programme across the country on Monday demanding retention of ‘Package Vat’ in the new VAT (value added tax) law which is scheduled to come into effect on 1 July next. Traders in Old Dhaka…
Businesses to stage hour-long human chain prog Monday
Businesses across the country will stage a one-hour human chain programme on Monday demanding retention of ‘Package VAT’ in the new VAT (value added tax) law which is scheduled to come into effect on July 1 next. Dhaka, UNB News…
Workers demand budget allocation to introduce rationing in RMG sector
Bangladesh Textile-Garments Workers Federation on Thursday urged the government for budget allocation to bring the readymade garment (RMG) workers under rationing. At a roundtable discussion on budget for workers at Jatiya Press Club, the Federation also raised the demand to…
‘Employment, investment should be focus of new budget’
Dhaka – The Centre for Policy Dialogue (CPD), leading think tank in the country on Wednesday suggested that upcoming national budget for 2016-17 financial year (FY17)should focus on employment generation and increasing investment to expedite and ensure the quality of…
Parliament budget session begins June 1
Minister for Finance AMA Muhith will place the national budget for 2016-17 on June 2. This will be the third budget session of the 10th parliament. The session will began at 5:00pm on June 1. President Abdul Hamid yesterday convened…
CPD pleads for pragmatic budget
Dhaka – , Centre for Policy Dialogue (CPD) a leading think-tank has suggested preparing the next budget with a more realistic approach so most of the fiscal policies could be implementable. The think-tank, also attached priority to four areas to…
Next budget likely to be of Tk3,40,006 crore
Dhaka – With its focus on human resource development, employment, power and energy sector, the government is likely to come up with around Tk 3,40,006 crore budget for the next fiscal year (2016-17), unb news agency has reported. To be…
Low oil prices, war in Yemen, leaves huge hole in Saudi budget
By Samuel Oakford Projecting a record budget deficit of $98 billion in 2015, Saudi Arabia announced a decrease in fuel subsidies on Monday and said it could sell off state assets in the future as the kingdom struggles with plunging…