National Budget 2019-20

NGO’s want more budget for the disabled

A group of non-government organisations have called upon the government to reconsider the budgetary allocation for people with disabilities.

Budget Discussion: Opposition slams govt over paddy price

Opposition lawmakers yesterday came down heavily on the government for its failure to ensure fair price of paddy and check money laundering, soaring loan defaults and black money.

New VAT law will push up living cost

The new VAT law may increase cost of many goods and services and hurt consumers, analysts said yesterday.

The affluent to benefit more

The budgetary measures for fiscal 2019-20 will favour the beneficiaries of “economic misrule” and hurt the middle and lower mid-income groups, the Centre for Policy Dialogue said yesterday.

New budget to increase inequality

Terming the proposed national budget “highly ambitious”, the BNP yesterday said the people of the country would not accept the budget as it would increase inequality.

Make new VAT law business-friendly

Leading business associations yesterday urged the government to ensure easy, hassle-free and business-friendly implementation of the new VAT law.

Pay more for digital delight

At a time when the government should be encouraging virtual businesses, Finance Minister AHM Mustafa Kamal has proposed 7.5 percent value-added tax on them in his budget for fiscal 2019-20, making their services dearer.

TIB slams amnesty for black money

Transparency International Bangladesh (TIB) yesterday strongly condemned the proposed amnesty for black money in the budget for fiscal 2019-20 and termed it “unconstitutional, immoral and discriminatory”.

THE BIG FOUR

THE BIG FOUR

June 14, 2019
June 14, 2019

Long on promises, short on specifics

All eyes were on fever-stricken Finance Minister AHM Mustafa Kamal as he stepped into parliament to unveil his maiden national budget yesterday.

June 14, 2019
June 14, 2019

A little for the jobless

More than a year ago, when Mohammad Zayed graduated from a university college in the capital, his family started expecting that he would soon take over the financial responsibility.

June 14, 2019
June 14, 2019

Growth-friendly, albeit unrealistic

The new budget is growth-friendly and has set ambitious goals but shied away from addressing the key challenges confronting the economy, said a number of economists in their immediate reactions.

June 14, 2019
June 14, 2019

Mega but slow

In 2010, the government decided to construct a 128-kilometre (km) metre gauge rail track to link Chattogram with tourist town Cox’s Bazar at a cost of Tk 1,852.35 crore.

June 14, 2019
June 14, 2019

‘Most shoddy food items taken off shelves’

Bangladesh Food Safety Authority (BFSA) has prepared a report claiming that it has removed most of the 52 substandard food items from the market across the country and filed 52 cases against the companies concerned as per the High Court directives.

June 14, 2019
June 14, 2019

THE BIG FOUR

THE BIG FOUR

June 14, 2019
June 14, 2019

Mobile phone calls may get costlier

Mobile phone services are likely to become costlier from today due to increased taxes. The National Board of Revenue sent a regulatory order to the mobile carries to increase the supplementary duty (SD) to 10 percent from 5 from midnight yesterday.

June 14, 2019
June 14, 2019

New VAT Regime New concern for consumers

Shifting from its initial plan to slap a uniform rate, the government has finally proposed four rates of Value Added Tax to please businesspeople and take them on board to implement the new VAT law from the next fiscal year.

June 14, 2019
June 14, 2019

Devalue Taka to help garment exporters

The government should support the garment exporters by devaluing taka against US dollar instead of giving them direct cash incentives, two economists said yesterday.

June 14, 2019
June 14, 2019

Smoking gets costlier

The government has significantly raised the prices of tobacco products to curb consumption.

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