budget 2016-17
No one in BNP to give reactions
The BNP that ruled the country for over 10 years in two terms since the restoration of democracy in Bangladesh in 1990 is struggling to come up with formal reactions to the proposed budget for...
Big dream, grim reality
Finance Minister AMA Muhith has really dreamt of a big budget in every respect -- from expenditure to revenue generation. And he no longer wants to live in the 6 percent GDP class to push beyond 7...
Budget anti-people
Opposition leaders yesterday termed the proposed budget for the next fiscal year anti-people and not feasible.
Super rich have to pay more taxes
The super rich would have to pay more tax as the budget proposed restructuring the surcharge on individual's net wealth and increase the maximum rate up to 30 percent.
Down under VAT glut
Returning early from work, Mahbub Alam, an employee of a non-government organisation, flopped down on his couch and
VAT to push up cost of living
The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the...
Tobacco tax to benefit multinationals
Multinational tobacco companies will benefit from the proposed budget as the finance minister has not increased the prices of medium and high segment cigarettes.
New jobs to stay elusive
The parameters of employment generation show it would be a tough task for the government in the next fiscal year to create adequate jobs, which is a key element for higher economic growth.
Revenue target very ambitious
While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.
Middle-class hit by tax burden
Ariful Islam has been paying taxes regularly for the last several years on the income from his employment as a banker.
Education gets a big boost
The government broke with its tradition in education by boosting the allocation 32 percent year-on-year to Tk 49,009 crore for the next fiscal year.