The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.
AL'S affable finance minister is a lucky man having done the national budget more number of times than any other finance minister.
Prime Minister Sheikh Hasina says if there was any possibility of adverse effects on the Sundarbans due to Rampal power plant, the government would not have decided to construct the plant.
The number of unsettled audit objections against 55 ministries or divisions is 8,53,314 involving Tk 6,15,606 crore which is almost double of the proposed budget of the next fiscal year.
In any case, the lowering of corporate tax is bad for the economy holistically as it will serve to widen inequality between the super-rich and the waged worker.
Expressing dissatisfaction over government's failure to ensure good governance, Rashed Khan Menon saysthe country's GDP growth rate will rise by 2.5 percent if corruption can be curbed effectively.
There are very few programmes that exclusively target the extreme poor. A background paper has revealed the actualw amount allocated in the budget for the extreme poor may be even below 1 percent of the GDP.
Agriculture Minister Matia Chowdhury sharply criticizes finance minister AMA Muhith for proposing to cut the interest rate on all saving certificates in the proposed budget for 2015-16 fiscal.
Bold and aggressive measures are needed to establish specialised economic zones to attract private investment. Large scale public investments are required for special economic zones. Thus, the call for very ambitious growth target for revenue seems justifiable.
BNP leader Amir Khosru Mahmud Chowdhury criticises the government for recapitalising the state-owned banks despite their non-stop financial malpractices.
Jatiya Pratibandi Forum (JPF), in a press conference on Sunday, highlighted that there has not been any significant allocation for development of people with disabilities in the national budget...
The proposed additional customs duty on sugar import will be withdrawn says the Finance Minister AMA Muhith
Finance Minister AMA Muhith says the revenue collection target of the proposed for fiscal 2015-2016 is high, but achievable.
Readymade garment manufacturers oppose the government’s plan to hike tax upon them and urged for its withdrawal for the “sake of the industry”.
The finance minister proposes allocating Tk 200 crore for expediting development in the enclaves in the upcoming fiscal year.
The government has set an ambitious target of setting up 100 economic zones in the next 15 years, says the finance minister in his budget speech today.
The government finally takes initiative to develop a bond market in the country.
The government proposes to withdraw value added tax (VAT) on a number of products and services to encourage local industries grow further.
The government plants to develop and launch the country’s first satellite “Bangabandhu Satellite-1” by 2016, says Finance Minister AMA Muhith.