Multiple tax rates should be there to whiten black money: Binayak Sen

Setting the tax rate fixed 15 percent to legalise undisclosed money violates tax equity, said Binayak Sen, director general at the Bangladesh Institute of Development Studies
8 June 2024, 13:10 PM

Borrowing from internal sources for budget deficit can fuel inflation: ICAB 

Borrowing from internal sources to meet the budget deficit could lead to a rise in inflation in the next fiscal year, the Institute of Chartered Accountants of Bangladesh (ICAB) said today
8 June 2024, 11:32 AM

Textile millers, garment makers' concerns not addressed in budget: BGMEA

Textile millers and garment manufacturers today expressed concerns that the primary textile and garment sectors will face challenges as many of their issues were not addressed in the proposed budget
8 June 2024, 09:50 AM

Inflation, GDP growth targets unrealistic: SANEM

The government has set unrealistic inflation and economic growth targets in the proposed budget for fiscal year 2024-25, said the South Asian Network on Economic Modeling (Sanem) today.
8 June 2024, 09:46 AM

Bangladesh got elected as member of governing body of ILO for 2024-2027

The election took place at the 112th session of the International Labour Conference held in Geneva
7 June 2024, 15:03 PM

RMG export to USA falls 14% in Jan-Apr

Shipment to the American market has been falling for high inflationary pressure
7 June 2024, 14:22 PM

Forex reserves decline by $51 million in a week

The reserves hit $18.67 billion on June 5, down from $18.72 billion on May 29
7 June 2024, 14:03 PM

Journalists boycott BB governor at finance ministry's post-budget event

They made the call as a protest to journalists' entry restriction to BB office
7 June 2024, 13:39 PM

Proposed budget execution a challenging task: MCCI

The budget should concentrate on pro-poor and inclusive growth, says the leading chamber in budget reaction
7 June 2024, 12:14 PM

Amnesty for black money proposed as per businesses’ demand

NBR chairman in post-budget press conference also said the general mass also demanded for the opportunity
7 June 2024, 11:01 AM

Bringing down inflation will be difficult: Unnayan Shamannay

Ongoing economic challenges will not make it easy to reduce inflation to 6.5 percent in the next fiscal year, said Atiur Rahman, the chairperson of Unnayan Shamannay
7 June 2024, 07:55 AM

Measures to reduce inflation and give relief to poor inadequate: CPD

The Centre for Policy Dialogue (CPD) today said that the government's target to reduce inflation to 6.5 percent in the fiscal year 2024-25 appears overly ambitious
7 June 2024, 06:09 AM

The fault lines are catching up

The trade-off between growth and inflation is pretty apparent. It implies loss of employment and income. The critical factor in this respect is the availability and effective use of the government's fiscal space.
6 June 2024, 17:50 PM

Budget falls short of what was needed

The macroeconomic imperative was to tighten the budget, particularly the domestic financing component of the budget deficit.
6 June 2024, 17:41 PM

Budget embraces correct strategic direction

The recently proposed national budget for FY25 has remained a widely speculated topic for the people of this country
6 June 2024, 17:22 PM

Budget deficit may stoke inflation

A total expenditure of Tk 797,000 crore has been proposed with a total tax revenue of Tk 541,000 crore, resulting in a deficit of Tk 256,000 crore
6 June 2024, 17:15 PM

No good news for taxpayers

While the cost of living remains high, with the inflation rate hovering at over 9 percent throughout the year, no ray of hope came for the common people in the budget declared yesterday.
6 June 2024, 16:56 PM

Tax on provident fund income to be at 15% 

The tax rate on income from provident funds and other retirement funds, which are maintained by companies for their employees, will remain unchanged at 15 percent for the fiscal year 2024-25. 
6 June 2024, 16:53 PM

Govt to borrow Tk 137,500cr from banks

Of the total deficit financing, Tk 90,700 crore will come from foreign sources while Tk 160,900 crore will come from domestic sources.
6 June 2024, 15:47 PM

EFDs installed in 25,741 establishments till April

More such machines will be installed nationwide in phases
6 June 2024, 15:30 PM