budget

Why silent on troubled banks?

In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.
Why digitising our public services is so important

It is hardly a subject that is discussed in the public domain nowadays, but one recalls “Digital Bangladesh” being the centrepiece of the ruling party's electoral campaign in 2008 and onwards. The aim was to transform the bureaucracy-ridden system, making it faster, more efficient and of course less prone to graft. But such a grandiose mission, till now, remains largely unaccomplished.
Budget without a basis

Our finance minister has proposed a mega budget of Tk 4,00,266 crore for FY2017-18, of which Tk 1,53,331 crore is earmarked for Annual Development Programme (ADP).
Budget not feasible, for the people: BNP

Proposed budget is not for the development of the people, BNP says in its budget reaction.
Pension for pvt jobholders by 2019: Muhith

Finance Minister AMA Muhith says the government plans to introduce pension scheme for the private sector by the end of its tenure in 2019.
How will the government arrange the money?

I must say that the budget is too ambitious in terms of size. It's 15.5 percent larger than the current FY's initial budget and 29 percent higher than the revised one.
Prices down, prices up

The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.
Electronic cash register outside district towns to be mandatory

To ensure deposition of VAT by traders outside district towns, the government has planned to make it mandatory for trading units outside the district towns to use Electronic Cash Register (ECR) and point of sale (POS) system.
No change in tax-exempted income threshold for individuals

The government has decided not to bring any change to seven tax rates, which include tax-exempted income-threshold for individual tax payers.
Allocation for education: Muhith proposes 32% increase

The government has proposed raising allocation in the education sector by 32 percent to Tk 49,009 crore in the next fiscal year compared to the allocation in the outgoing FY.
Package VAT doubled for small traders

In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.
Mobile phone use to get costlier

Cost for mobile phone use will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent.
Muhith unveils national budget for FY 2016-17

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.
Why is the education budget not larger?

On average, a teacher handles 50 students, when it should be no more than 30. Can it be denied that much more should be spent on primary education and at other stages of education?
Demand to hike budget for migrants, their families

Activists have demanded that the government increase budgetary allocation for migrants and their families in the upcoming national budget of 2016-17.
Cash incentive for furniture, plastic product exports

The government announces cash incentives on exports of furniture and plastic products in a bid to encourage the businesses to export more.
PM for Speakers' role in SDGs

Prime Minister Sheikh Hasina yesterday urged the speakers and parliamentarians of South Asia for allocating budgets to enable the countries for the full implementation of the Sustainable Development Goals (SDGs).
Barca blast Messi exit reports

Barcelona president Josep Maria Bartomeu has responded angrily to reports suggesting Lionel Messi will leave the club, insisting that the reports are "embarrassing".
Yet to see enough female-driven films: Katrina Kaif

The disparity in the remuneration of female actors versus the male actors in India, has now attracted a reaction from Katrina Kaif.
JS passes Tk 2.95 trillion budget

Parliament unanimously passes the near Tk 3 trillion budget for the 2015-16 fiscal year that has a deficit of below five percent.
Predictable yet unachievable

Writing on budget has become a challenge for me not only because so much has already been discussed, but there is barely anything original in the budget.
Fiscal transparency: Bangladesh’s progress poor, says US

Bangladesh does not make “significant progress” toward meeting requirements of fiscal transparency for 2015, report says.
Please, Mr Minister

Sitting in a factory in Guangzhou trying to order fire doors for the factories is no fun.
Budgetary allocation for people with disabilities

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...
Proposed duty on sugar import to go

The proposed additional customs duty on sugar import will be withdrawn says the Finance Minister AMA Muhith
Revenue collection target high but achievable: Muhith

Finance Minister AMA Muhith says the revenue collection target of the proposed for fiscal 2015-2016 is high, but achievable.
Export tax rises to 1pc

Finance Minister AMA Muhith in his budget speech proposes an increase of tax at source for all export sectors to 1 percent.
Initiative to manage pensioners’ fund effectively

The government has decided to establish a Pension Fund Management Authority to manage government employees’ pension fund effectively.
Tk 200cr for enclave people

The finance minister proposes allocating Tk 200 crore for expediting development in the enclaves in the upcoming fiscal year.
Wage earners offered tax benefit

The government finally takes initiative to develop a bond market in the country.