After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year as part of the government’s efforts to address growing inequality — an issue that is among the country’s major economic concerns.
In reality, except for two student advisers in the interim government, the rest are older individuals.
While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
Reducing income inequality by taking concrete steps is morally fair and economically justified.
Eminent economist Prof Rehman Sobhan thinks Bangladesh in the next 10 years will be a very unequal society even though the economy could be diversified and better off in terms of aggregate.
Bangladesh’s wealth inequality keeps getting wider
Ironically, under the shadow of stability, the quality of economics and politics has been compromised
Overall progress can conceal significant details regarding regional variations in development
Clearly, deep-rooted biases and stereotypes are at play.
The poverty trend emerging from valid comparisons with the previous rounds of HIES may or may not be different.
Specific policy incentives are needed to stimulate the economy and revive the labour market.
The cost of grand corruption in Bangladesh is only continuing to go up.
The country’s development cannot be sustained for long without establishing meaningful democracy, eminent citizens said at a roundtable yesterday.
While the country is nearing the eradication of extreme poverty and undergoing robust economic advancement, it needs to remodel its outdated poverty measurement method in order to uncover the real picture of poverty, as suggested by eminent economist Wahiduddin Mahmud at a recent launch of two books on poverty and inequality.
A recent study by a think-tank has exposed the underbelly of the development scenario in Bangladesh in which rising GDP growth and rising income and wealth inequalities walk hand in hand.
According to Bangladesh Bureau of Statistics' (BBS) provisional data, the economy is projected to grow at a rate exceeding 7 percent in the current fiscal.
According to Bangladesh Bureau of Statistics' (BBS) provisional data, the economy is projected to grow at a rate exceeding 7 percent in the current fiscal.
In order to reduce inequality in Bangladesh, much more needs to be done to improve access to employment, health and education for the bottom half of the population.
