The farmers are expecting bumper production of flood-tolerant rice as its harvest continues with excellent yield rate now in the country after expanded and successful cultivation during this Aman season.
Category: Finance
Potato cultivation gets momentum in Joypurhat
Cultivation of potato has been getting momentum in five upazilas of the district during the current season amid much enthusiasm of the farmers after harvesting Aman Paddy.
Dried fish processing now at its peak in the Sundarbans
10,000 fishermen go into the Bay Dried fish processing is now at its peak in the Sundarbans as the char (shoals emerged from riverbed) areas here are bustling with the people involved in the industry.
Huge sale as thousands throng gender fair in Rangpur
Huge sale of the locally produced goods is being observed on the second day today as thousands of people thronging the gender fair arranged here for women empowerment through flourishing female entrepreneurship.
Agro-processing enterprises prospects bright in Rajshahi region
Prospects of agro-processing enterprises is bright in the Rajshahi region as it produces surplus crops especially food-grains, fruits and vegetables, business leaders, bankers, agronomists and researchers here said.
Extensive plan taken to cultivate winter vegetables
The Department of Agriculture Extension (DAE) has taken an extensive plan to cultivate winter vegetables in all the seven upazilas of the district during the current season.
How Congress crippled the recovery
By Mark Whitehouse As the U.S. prepares for a new round of congressional elections on Tuesday, it’s worth keeping in mind the huge influence lawmakers can have over the country’s economic well-being. Consider, for example, the role of budgeting decisions…
Separate outlay for persons with disabilities: Muhith
Finance Minister AMA Muhith on Monday said some ministries will have separate allocations in the upcoming budget for persons with disabilities. Responding to a demand of a delegation of Parliamentarians’ Caucus on Persons with Disabilities, he said it might be…
Peacekeepers from police earn Tk 4,000cr in 25 yrs
Members of the Bangladesh Police, engaged in UN peacekeeping missions at different trouble-torn areas of the world, have earned nearly Tk 4,000 crore in the last 25 years. Sources at the Police Headquarters said an amount of Tk 375 crore…
Slashing supplementary duty on fabrics import on cards
Amid the allegation that the fabrics imported for the cent percent export-oriented garment industries under the bonded warehouse system are often smuggled out, the government is planning to slash the supplementary duty (SD) on import of fabrics in a bid…
Per capita income now $1180: Minister
The country’s per capita income has now increased to $ 1180 from $ 1044, Planning Minister AHM Mustafa Kamal said on Wednesday. The Planning Minister revealed this after a meeting of the Executive Committee of the National Economic Council (Ecnec)…
Planning minister calls for income tax reforms
Planning Minister AHM Mustafa Kamal on Tuesday called for reforming the income tax ordinance 1984 for increasing tax revenue. “We must go for reforming the income tax ordinance 1984. I don’t understand why the ordinance has not been made an…
Annual Dev Program size to be Tk 790 billion
The annual development programme (ADP) for the upcoming 2014-15 fiscal year is being fixed at Tk 790.31 billion, a 17 percent increase over the current FY. Tk 81 billion is being earmarked for the construction of the Padma bridge, country’s…
Economic growth likely to experience a decelerating rate: Unnayan Onneshan
The Unnayan Onneshan called for prudent management of the economy as the economic growth in the current fiscal year is likely to experience a decelerating rate for the third time in a row from those of the preceding years.
Govt wants to be more tough on reconditioned cars
In a bid to reduce the import of reconditioned cars and encourage the import of new environment-friendly and fuel-efficient vehicles, the government seems to be harsh in the next budget on the import of used cars. According to sources at…
EU envoys urge Dhaka to remove obstacles to investment
Diplomats of the European countries in Dhaka on Thursday urged the government to remove the institutional obstacles to greater and quicker European Union (EU) investments in Bangladesh. They mentioned power, infrastructure, IT and services sectors where investment process needs to…
Steel industries want duty waiver for chemicals import
Owners of local steel industries on Wednesday demanded increase of tax on the import of billet and withdrawal of tax from the import of chemicals in the upcoming national budget for fiscal 2014-15 to protect the local industries. They also…
World Bank to help Bangladesh on VAT
by Mary Swire, Tax-News.com, Hong Kong The World Bank Board has approved USD60m in interest-free credit to modernize the administration of Bangladesh’s value-added tax regime and to boost the tax take. The VAT Improvement Program Project will introduce automation, including…
Boro harvest continues in northern region
Harvest of Boro paddy has been continuing in full swing in the northern region of the country with an excellent yield rate.
Muhith finds existing planning process impractical
Terming the existing planning process too impractical, Finance Minister AMA Muhith on Monday stressed the need for a new planning process to have better development outcomes. “The way projects are prepared now following PEC and Ecnec is much impractical…project proforma…
Mango output likely to suffer setback in Rajshahi, C’nawabganj
Mango production is likely to suffer a setback in Rajshahi and Chapainawabgonj districts, famous for mango production, this year as immature mangoes are falling off trees due to a drought like situation which has been prevailing in the region for…
No whitening black money in next budget: Muhith
The next budget will have no provision to legalise black money, says Finance Minister Abul Maal Abdul Muhith. “There will be no more chance for converting black money into white,” the finance minister said, while addressing the 35th meeting of…
Online VAT payment from 2015: NBR
A new online value added tax (VAT) system will be introduced with the National Board of Revenue (NBR) from mid of next year (2015) to facilitate the online payment of the duties. According to official sources, the NBR has already…
JICA plans to invest $1.2 billion in Bangladesh in next fiscal
Japan International Cooperation Agency (JICA) will invest around $ 1.20 billion in power and other priority sectors in Bangladesh during the next fiscal year. JICA chief representative Bangladesh office Mikio Hataeda stated this during a meeting with Planning Minister AHM…
Bumper output, fair price make wheat farmers happy
Super bumper output and excellent market price of wheat have made the farmers are happy in northern districts this season, officials, farmers and market sources said.
Money Laundering: ACC signs MoU with FIU
A Memorandum of Understanding (MoU) was signed on Sunday with a view to increasing scopes of cooperation between the Anti Corruption Commission (ACC) and the Bangladesh Financial Intelligence Unit (BFIU) for dealing with money laundering and other financial crimes.
Rights bodies accuse govt of favoring multinationals
Fifteen civil society organisations promoting human rights on Saturday accused the government of favoring multinational companies (MNCs) with tax rules. They also demanded stopping further extension of value added tax (VAT) net as planned for the upcoming budget as it…
US investment firm in Bangladesh opens Sunday
Tau Investment Management, a New York-based growth equity firm, which is committed to investing US$1 billion in transforming global supply chains, will make its official launch here on Sunday. Over the next three years, Tau will first target textile and…
Latif Siddique acknowledges need to update telecom policy
Telecommunications and Information Technology Minister Abdul Latif Siddique on Wednesday has said that the outdated telecom policy, which was enacted 18 years ago, will be brought in line to implement ‘Digital Bangladesh’. “We have to overcome the loopholes regarding information…
Germany seeks AL-BNP dialogue for funds
Germany needs a “positive signal” that dialogue between the Awami League and the BNP will resume for an end to political bickering as it is in the process of “negotiating” annual funds for Bangladesh. “For us it is very important…