Foreign aid disbursement up 58pc in 10 months
Foreign assistance disbursement jumped 58 per cent in the current fiscal year’s July-April period thanks to spending for vaccination, one-time budget support and implementation of mega projects, including that of the Russia-funded Rooppur nuclear power plant.
3 June 2022, 09:00 AM
Budget 2022-23: More tax for the rich
Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.
2 June 2022, 02:00 AM
Bringing back black money: Will amnesty work at all?
Wishful thinking -- is what best describes the maiden tax amnesty campaign the government is planning to lure money back home next fiscal year.
31 May 2022, 02:00 AM
Tax measures: Tailored for ‘Made in Bangladesh’
There is bad news for consumers of imported luxury items: they will get dearer thanks to the tax measures the National Board of Revenue is preparing for the new fiscal year that begins on July 1.
30 May 2022, 02:00 AM
Dhaka-Ashulia elevated expressway: Time, cost gallop even before work starts
Work for the Dhaka-Ashulia Elevated Expressway project is yet to formally start but the deadline for the mega project is to expire in just over a month.
26 May 2022, 02:30 AM
Budget 2022-23: Better targeted social safety net
The government is committed to using the long-overdue National Household Database (NHD) from the next fiscal year to better target the social safety net programmes, in a development that can infuse dynamism in the flat scheme.
26 May 2022, 02:00 AM
Inflation, forex pressure: Govt moves to rein them in
The government has ramped up its measures to contain the pressure on foreign currency reserves and inflation, drafting an action plan to discourage non-essential imports and bring relief to the poor and the vulnerable from the spiralling cost of living.
25 May 2022, 02:00 AM
Cleaning black money loses steam
Black money holders appear to have lost the appetite to legalise their undisclosed wealth if the tax collected from this source in the first nine months of the fiscal year is any indication.
22 May 2022, 18:00 PM
Bank borrowing may hamper recovery
When thinking outside the box was needed, the government opted for the tried-and-tested method.
22 May 2022, 02:00 AM
Hopeless revenue target: No major tax hike planned
Wishy-washy -- is what best describes the government’s stance on scaling up its narrow revenue base, which is posing to become the Achilles’ heel to Bangladesh’s growth aspirations.
20 May 2022, 02:00 AM
Govt faces higher import costs for fertiliser
The country will have to import fertiliser at higher prices from the international market in the wake of the global price hike due to the Russia-Ukraine war.
19 May 2022, 02:00 AM
Level-headed development targets
Pragmatism was the order of the day when the finance division sat down to draft the development budget for fiscal 2021-22.
16 May 2022, 02:00 AM
Record subsidy, but will it be enough?
Strange times are these in which we live when record subsidy allocation may still come short of what is needed.
14 May 2022, 02:00 AM
Forex reserves under strain: Govt defers employees' foreign tours, less important projects
The government finally raised its guard against the dwindling dollar reserves, putting its employees’ foreign tours on hold and deferring projects that require much imports.
12 May 2022, 02:00 AM
Economy firing on all cylinders
There are bright sparks in all corners of the economy, according to the provisional GDP figures for fiscal 2021-22, which do not show a hint of a pandemic hangover when others are still plodding along.
10 May 2022, 18:00 PM
Budget FY 2022-23: Tackling challenges of inflation and Covid losses
It appears normal service will resume with fiscal 2022-23’s budget, which will see the return of double-digit growth in size -- a practice introduced by former finance minister AMA Muhith.
8 May 2022, 18:00 PM
Revised Budget FY 21-22: No room for downsizing
Every year, the budget gets bigger, and like clockwork, gets revised down -- much. But not this year.
7 May 2022, 18:00 PM
Tribute to Muhith: Farewell to architect of our economy’s golden era
When Prime Minister Sheikh Hasina defiantly announced in 2012 that the Padma bridge would be built after the World Bank pulled out of the project, her gumption was not irrational.
30 April 2022, 18:00 PM
Dutch horticulture exhibit: 100 officials going abroad, austerity out the window
At least 100 agriculture ministry officials will participate in phases in a six-month international horticulture exhibition in the Netherlands, even though the government had asked to abandon all routine tours except those involving emergencies.
27 April 2022, 18:00 PM
BB to give Lanka another year to repay $200m
Bangladesh Bank is set to give Sri Lanka another year to repay the $200 million loan as it looks to lend a helping hand to the island nation, which is going through its worst debt and economic crises.
25 April 2022, 18:00 PM