BNP senior leader Moudud Ahmed on Friday termed the proposed national budget for 2018-19 fiscal year a ‘big blue empty balloon’ which is formulated keeping the next general election in mind.
Category: Economy
Budget implementable despite deficit in financing: Minister
Amid criticisms that the proposed budget for 2018-19 fiscal year is an election-oriented one and unimplementable, Finance Minister AMA Muhith on Friday said it is implementable despite having deficit in financing.
BD budget lacks clarity about source of fund: CPD
The Centre for Policy Dialogue or CPD says the proposed budget lacks clarity about the source of fund and expenditure. It termed the projected revenue unrealistic and pointed out that there is no clear guideline over the source of the…
Budget ‘lacks steps to address macroeconomic challenges’
Unnayan Onneshan (UO), an independent multidisciplinary think-tank, has said the proposed budget for 2018-19 fiscal year lacks measures necessary to address the macroeconomic, medium term and institutional challenges the economy is facing.
Business takes all or win-win
The new European Commission company mobility package is unbalanced. It aims at establishing European rules for business mobility in three areas: company conversions, mergers and divisions (corporate break-ups). On one side, there is a threefold delivery to the business community…
Abu Dhabi wealth fund world’s top real estate investor
Abu Dhabi Investment Authority (ADIA) is the top real estate investor in the world, a research report said, a sign of gulf sovereign wealth funds (SWFs) growing their alternate investments portfolio. SWFs in the Gulf have helped diversify their economies…
Trump to find a chilly host in Canada visit amid trade rift
Quebec City, June 8 (AP/UNB) — President Donald Trump is cutting short his first presidential trip to Canada this weekend, as trade and foreign policy, disputes appear set to mar his planned summit with the leaders of the Group of…
Stock down on budget day trade
Dhaka – Stock market closed lower on Thursday when investors were cautious as Finance Minister Abul Maal Abdul Muhith was unveiling the national budget for 2018-19 financial year (FY19).
Experts call budget populist
Dhaka, June 7 – Finance Minister Abul Maal Abdul Muhith apparently dipped into his party’s electoral playbook to design the national budget for 2018-19 fiscal, which experts dubbed as a populist and election-centric budget.
BNP rejects national budget; calls it election oriented
Dhaka – BNP on Thursday rejected the proposed national budget for 2018-19 fiscal year, describing it as an anti-people one.
PM off to Canada to join G-7’s outreach session
Prime Minister Sheikh Hasina left here on Thursday evening on a four-day official visit to Canada to attend the Outreach Leaders Programme of the G7, the group of seven countries with advanced economies in the world.
Muhith for 5pc VAT on e-commerce
Finance Minister AMA Muhith on Thursday suggested to impose VAT on e-commerce business as the platform rising popularity day by day.
DCCI president baffled by selective reduction in corporate tax
President of Dhaka Chamber of Commerce and Industry (DCCI) AbulKasem Khan has proposed the government to reconsider slashing corporate tax in all categories at least 2.5%.
Muhith places Tk. 4,64,573 crore national budget
Finance Minister AMA Muhith on Thursday placed 2018-19 fiscal’s proposed national budget with a financial outlay of Tk. 4,64,573 crore and a 7.8 percent GDP growth projection.
Budget implication: Prices up and down
With the announcement of proposed budget for new fiscal year, a number of products are expected to see fluctuation in prices both upward and downward. Up Prices of products and services which may go up include: e-commerce, online shopping, coffee,…
Why the only answer is to break up biggest Wall Street banks
On Wednesday 30th of May, Federal bank regulators proposed to allow Wall Street more freedom to make riskier bets with federally-insured bank deposits – such as the money in your checking and savings accounts.
Election-year budget to be placed Thursday
Dhaka, Jun 7 – A new national budget for the 2018-19 fiscal will be presented in Parliament on Thursday with a declared policy of expansionary outlays keeping the national elections likely by this year end in sight.
37 BCS exam results likely before Eid
Dhaka, June 6 – The final results of 37th Bangladesh Civil Service (BCS) recruitment examinations is likely to be published before Eid-ul-Fitr, Bangladesh Public Service Commission (BPSC) sources said.
Stocks maintain uptrend on higher transactions
Stocks maintained upward trend on Wednesday as major indices of both Dhaka and Chittagong Stock Exchanges were found finishing upward trend with higher transactions of some large-cap securities.
Crisis of globalisation: Causes to emancipation
The dynamics of the capitalist world economy have been mystified as globalisation. In its technical sense, globalisation refers to the possibility that social relations can be maintained with increasing ease and intensity across time and space. As a political project,…
Europe’s curse of wealth
I have already written before (in a tweet) that no one who travels through Western Europe, especially in Summer, can fail to be impressed by the wealth and beauty of the continent as well as by its quality of life.…
Environmental protection, development possible, given a will
SANDRP How is development possible along with environmental protection? There are two kinds of answers possible to this question. The standard kind of reply would try to provide a list of options that are available to a given development need.
AL govt unable to give a welfare-oriented budget: BNP
Dhaka, June 5 – The BNP yesterday said that the present government won’t be able to give a welfare-oriented budget for the people. “Nobody can expect a welfare oriented budget from the anti-people government. There is no reason to expect…
A globalisation for people not business
Economists were certain that free trade would be a major source of general welfare enhancement. Resistance against it has been widely seen as irrationality driven by blind nationalism. Recent developments have shaken this firm belief in the benefits of free…
Tk4.7 trillions big budget coming on Thursday
Finance Minister AMA Muhith is set to place a mega budget of around Tk 468,200 crore in Parliament on Thursday for the fiscal year 2018-19 amid the fast approaching national election.
Interest on savings certificates likely to remain unchanged in FY19
The interest rate of the various savings certificates is likely to remain unchanged in the upcoming budget for financial year 2018-19 (FY19).
PM Hasina to join G7 Summit outreach session Jun 9
Canadian Prime Minister Justin Trudeau has announced that his country will welcome several world leaders, including Bangladesh Prime Minister Sheikh Hasina, to the G7 Summit to take part in a special outreach session.
Laundered money huge in amount: CPD
Presenting a dismal picture of the national economy Centre for Policy Dialogue (CPD) on Sunday said that it strongly believes huge amount of money is being laundered in the disguise of import business.
Neonatal nursing is a holistic approach: Needs bottom lining
AHM Nouman Neonatology is a subspecialty of Pediatrics that consists of neonatal and newborn nursing care. It is now accepted that mother and child must be considered as one unit.
Symbolic growth and stagnant wages
For decades, Western governments (and their economies) have been delivering real growth and economic well-being to their citizens. But changes that have occurred since the 1980s have made it increasingly difficult to distinguish real growth from nominal growth, while the…