Terming the proposed budget of 2020-21 FY traditional, the Centre for Policy Dialogue (CPD), a leading think tank, on Friday said alleviating poverty, discrimination and creating employment should have been given priority in the budget instead of GDP growth.
Chapter Six: Revenue Collection Activities Madam Speaker 157. Till now I have discussed the expenditures of the Government. Now we shall focus on the sources of the expenditures. The major share of the expenditures will come from internal resources which…
Finance Minister AHM Mustafa Kamal on Thursday set an ambitious target of 8.2 percent GDP growth for the next fiscal with a comprehensive plan that includes four main strategies although he himself admitted that all calculations about the global economy have turned…
Amid coronavirus crisis, the government has taken up a comprehensive plan with four main strategies discouraging luxury expenditures and prioritizing government spending that creates jobs. “We have taken a comprehensive plan to overcome the possible negative impacts of the pandemic…
The government has decided to change the tax-free threshold of income, tax rates and tax slabs for taxpayers other than companies and local authorities, especially individual taxpayers. Finance Minister AHM Mustafa Kamal on Thursday proposed the changes as a gift…
Finance Minister AHM Mustafa Kamal on Thursday said he has brought about a structural change in this year’s budget in terms of setting priorities of the government by slightly deviating from traditional budget due to the coronavirus and its impact.
Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud on Thursday said the proposed national budget for 2020-21 financial year is an ambitious one but finds it business-friendly.
by Susanne Wixforth and John Weeks on 11th June 2020 Should free movement of capital any longer be sacrosanct when it leads to predatory takeovers and regional inequalities in a globalised economy?
By Jomo Kwame Sundaram KUALA LUMPUR, Malaysia, Jun 9 2020 (IPS) – As governments the world over struggle to revive their economies after the debilitating lockdowns they imposed following their failure to undertake adequate precautionary containment measures to curb Covid-19…
Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment by attracting investment and boosting revenue generation.
The second budget session (8th session) of the 11th parliament will begin at 5pm on Wednesday amid the COVID-19 pandemic in the country.
Ruling 14-party alliance led by Prime Minister Sheikh Hasina is full of activity with the formulation of Budget 2020-21 under such landscapes when the world is befuddled and challenged with COVID-19, which shall be placed in Parliament very soon so…
Recent years have witnessed a surge in the number of fintech loans as an appealing alternative to traditional banking services. Although the coronavirus outbreak has affected the fintech lending industry, the unified market is still expected to maintain steady growth.
Ahead of the Finance Minister placing the national budget for the 2020-21 fiscal in Parliament, the country’s steel manufacturers have placed an 8-point list of demands, including extension of bank loan repayment date by 6 months, for which they wouldn’t…
The Parliament Secretariat Commission on Monday approved a Tk 335.34 crore budget for Parliament to spend on its development and non-development expenditures for the next fiscal year (2020-21).
Undisclosed money, popularly known as black money, holders are likely to get a good news as the government might allow them to legalise this kind of money in the upcoming budget, aiming to revamp country’s economy hit by the coronavirus…
The Centre for Policy Dialogue (CPD), one of the country’s leading think tanks, on Sunday projected a GDP growth rate of 2.5 percent -the lowest in almost 30 years- for the Bangladesh economy in the 2019-20 fiscal, as most of…
by Branko Milanovic on 1st June 2020 @BrankoMilan Branko Milanovic unpacks the malaise of the US middle class and its implications for Democratic strategy towards the presidential election. The voting behaviour of the American middle and lower-middle-class was, according to…
by John Evans on 3rd June 2020 Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it. Economic commentators have cautioned against drawing parallels between the economic impact of the…
By Vladimir Popov and Jomo Kwame Sundaram BERLIN and KUALA LUMPUR, Jun 4 2020 (IPS) – The world economic contraction so far this year is largely due to measures, especially at the national or local level, to contain or prevent…
by John Evans on 3rd June 2020 Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it. Economic commentators have cautioned against drawing parallels between the economic impact of the…
The average family income loss between March and May hovers at around 74 percent, while over 1.4 million migrant workers have returned or are on their way back home due to job loss.
DHAKA – The budget session for 2020-21 of the 11th Jatiya Sangsad (JS) will begin at 5:00 pm on June 10, according to a statement issued by the Parliament secretariat today. On June 10, the JS session will be held,…
The COVID-19 pandemic has severely impacted millions of migrant workers in destination countries, many of whom have experienced job loss or non-payment of wages, been forced by employers to take unpaid leave or reduced wages, been confined in poor living…
By Samira Sadeque UNITED NATIONS, May 29 2020 (IPS) – Unless global leaders act now, the COVID-19 pandemic will cause unimaginable suffering and devastation around the world, the Secretary-General of the United Nations António Guterres said yesterday, May 28. He…
About 4.5 kilometers of Padma Bridge has become visible with the installation of its 30th span on Saturday.
Geneva, 28 May (Kanaga Raja) – More than one in six young people have stopped working since the onset of the COVID-19 crisis, the International Labour Organization (ILO) has said. According to the fourth edition of the ILO Monitor, among…
By Shafi’i Mohyaddin Abokar MOGADISHU, May 28 2020 (IPS) – While simultaneously suffering from the coronavirus pandemic, flooding and a locust crisis, Somalia, could well see a rise in the number of people who are susceptible to human trafficking.
By Djaffar Shalchi COPENHAGEN, May 28 2020 (IPS) – For the past few decades, many big corporations and very wealthy individuals have operated according to the myth that they are “self-made”, that their success owed nothing to anyone else.
By Gareth Willmer and Fiona Broom May 26 2020 (IPS) – Crucial global goals to reduce hunger and poverty and curb climate change have gone backwards or stalled, the United Nations Secretary-General warns in a new report, as the COVID-19…