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The National Board of Revenue considers easing rules and procedures for investors in the export processing zones to promote trade and investment, said officials.
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Revenue shortfall widened further as sluggish tax collection persisted in the July-October period, stoking concerns of a credit crunch amid a surge in government borrowing from the financial sector and an economic slowdown.
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Bangladesh has huge growth potential in dairy and the demand for dairy products is likely to grow double-digit, buoyed by rising income and expanding middle class, said a senior executive of an international dairy company owned by farmers.
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Inaccurate estimates of demand and production of onions as well as the failure of the government agencies to understand the gravity of the problem have pushed the price of the key cooking ingredient up to a record high and hurt consumers, said rights activists and analysts yesterday.
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Amid the soaring cost of agricultural labour, the government is going to launch a project worth Tk 415 crore to give subsidy to the farmers for buying agricultural machinery so that they can harvest crops at a reduced cost.
