Bangladesh Budget 2018-19

Minister suggests lowering prices of liquor

Housing and Public Works Minister Engr Mosharraf Hossain suggests cutting down customs duty on liquor for the sake of flourishing tourism in the country.

No VAT on remittance: NBR

No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.

Muhith under attack in JS for mollycoddling banks

Opposition MPs continue their scathing attacks on Finance Minister AMA Muhith in Parliament for his 'failure' to restore discipline in the banking sector.

Punish those involved in Bank scam: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demands stern punishment for the people involved in in misappropriating money from the country's banks.

Tax measures to hurt middle class

The proposed budgetary measures for fiscal 2018-19 will benefit the high and low income people, leaving the middle- and lower middle-class, which form the majority of Bangladesh's population, strained, said the Centre for Policy Dialogue yesterday.

Cut corporate tax for all sectors

Leading chambers and trade bodies yesterday criticised the government's 2.5 percent corporate tax cut proposal for only banks and financial institutions in fiscal 2018-19, saying the move would not bring in the desired private or foreign investments.

‘No VAT on online shopping’

Online shopping will be excluded from the purview of 5 percent value added tax (VAT) that was proposed on virtual businesses in the budget for FY 2018-19.

No cheers in tax measures

Every year when the budget is placed in the parliament, Taufiq Hasan, a 35-year-old private sector employee, gets all worked up about which products and services he would have to pay more the following fiscal year.

Bowing to banks

The government is continuing to treat banks with kid gloves instead of going tough on them for the rampant financial irregularities and continued poor judgement.

June 8, 2018
June 8, 2018

Rich to be barred from buying savings tools

The government is going to connect the national savings certificate (NSC) buyers' database with that used in the creation of national identity (NID) cards to prevent the certificates from going into the hands of ineligible people.

June 8, 2018
June 8, 2018

No cheers in tax measures

Every year when the budget is placed in the parliament, Taufiq Hasan, a 35-year-old private sector employee, gets all worked up about which products and services he would have to pay more the following fiscal year.

June 8, 2018
June 8, 2018

Budget not realistic: analysts

The proposed budget for the next fiscal year is unrealistic, as it lacks significant structural and policy changes, analysts said in their immediate reaction yesterday.

June 8, 2018
June 8, 2018

No prescription for 'slow' virus

Fast-track projects, as the title suggests, are supposed to be implemented at breakneck speed because they boost economic activities once they are complete.

June 8, 2018
June 8, 2018

Jute mills to be revived by PPP initiatives

The government will bring an end to the vulnerable situation public jute mills are in by running those under the public private partnership (PPP) model.

June 8, 2018
June 8, 2018

A little for stock investors

A corporate tax cut for listed banks, insurance companies and financial institutions and announcement of development measures for the bond market are the only achievements of stock investors from the budget announced for FY 2018-19.

June 8, 2018
June 8, 2018

Corporate tax to rise for apparel

The proposed rise in corporate tax will hurt the flow of fresh investment into the garment sector as entrepreneurs will feel discouraged to inject fresh funds, said the top leader of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday.

June 8, 2018
June 8, 2018

Health sector uncared for

Asad Kazi of Bagerhat was advised dialysis for kidney disease. His wife Hawa told doctors that they wanted medicinal treatment as dialysis would cost them Tk 7,000 a month on average.

June 7, 2018
June 7, 2018

Home loan for public servants, policy effective from 2018-19

Government employees can get loans for the construction of house or purchase of flats anywhere in the country as a policy guideline has already been formulated for providing such loan from the banking system.

June 7, 2018
June 7, 2018

To win votes with bluff: BNP’s take on budget

BNP strongly criticises the budget Finance Minister AMA Muhith placed in the parliament, saying it is imaginary and aimed to gain popularity ahead of the election.

push notification