• Sunday, September 21, 2014

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AMA Muhith

NBR felicitates top taxpayers

NBR felicitates top taxpayers

The National Board of Revenue yesterday honoured 402 top and long-term taxpayers amid calls for a harassment-free atmosphere and accountability of taxmen to boost the tax receipts. “We want to pay tax but we need the right environment for that,” Kazi Akram Uddin Ahmed, president of the Federation of Bangladesh Chambers of Commerce and...

  

BB won't oversee GB directors' polls: Muhith

BB won't oversee GB directors' polls: Muhith

The government is planning to bring changes in the existing rules to scrap Bangladesh Bank’s authority to oversee the election of nine borrower-directors of Grameen Bank, Finance Minister AMA Muhith said today. A new body will be formed to oversee the electoral process, Muhith said while talking to reporters at his Secretariat office in...

Threat still exists in economy

Threat still exists in economy

A threat still exists in the economy although peace was restored in the country eight months ago through the January 5 national election, Finance Minister AMA Muhith said yesterday. “The place of peace is a very important factor for development. We suffered a lot last year for the absence of peace. Fortunately, people rejected...

Money-whitening scope to continue

Money-whitening scope to continue

In a U-turn, Finance Minister AMA Muhith today said the upcoming budget will allow legalising black money in two areas including real estate investment. He said in parliament legalisation of undisclosed income on payment of 10 percent penalty on top of normal tax will also be available in the fiscal 2014-15 budget. However, the opportunity...

Penalty for polluters

At long last the government means to implement the 'Polluters Pay Principle' by imposing one percent environmental surcharge on polluting industries and providing tax holiday for non-polluting brickfields. For a long time green activists have been demanding an imposition of a green tax on polluters to bring down the levels of pollution in rivers. Finance Minister AMA Muhith, in his budget speech yesterday, proposed imposing one percent 'Environment Protection Surcharge' or 'Green Tax' on ad-valorem basis on all kinds of products...

Landlords guilty if tax dodged

The landlords who charge more than Tk 25,000 as rent for a single living unit will have to receive the rent through banks from the next fiscal year. This is what Finance Minister AMA Muhith proposed in the budget for the 2014-15 fiscal year, saying, "It is essential to bring transparency in the process of house-rent collection in order to widen tax net and deter tax evasion". According to the new provision, tenants will pay rents in cheques payable to a...

7.3pc GDP target not achievable: CPD

7.3pc GDP target not achievable: CPD

Centre for Policy Dialogue (CPD) today said ensuring the desired investment to achieve the proposed GDP growth to 7.3 percent in the budget for 2014-’15 fiscal year is not possible. “Private sector investment should reach at least 25 percent from 21 percent. That means, around Tk 75,000 crore additional amount of investment will be...

Tk 250,506cr budget proposed

Tk 250,506cr budget proposed

Finance Minister AMA Muhith today placed before the parliament the annual budget of Tk 250,506 crore for the fiscal 2014-15. In the proposed budget, the target of gross domestic product (GDP) growth has been set at 7.3 percent. The growth target was 7.2 percent in the outgoing fiscal year but according to the preliminary estimate...

'Tk 110b lost in political unrest'

'Tk 110b lost in political unrest'

This Star photo taken on May 5, 2013 shows activists of Hefajat-e Islam clash with law enforcers in Motijheel area in the capital.

GDP growth target 7.3pc

GDP growth target 7.3pc

The government has set the growth target of gross domestic product (GDP) at 7.3 percent for the upcoming fiscal year. The target was set at 7.2 percent for the outgoing fiscal year but according to the preliminary estimate of Bangladesh Bureau of Statistics (BBS), the growth in FY 2013-14 will be 6.12 percent, the...

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