The newly unveiled budget for Bangladesh’s fiscal year 2024-25 has sparked mixed reactions from the business community. While the Foreign Investors’ Chamber of Commerce and Industry (FICCI) lauds the government’s efforts towards a comprehensive fiscal plan, the Metropolitan Chamber of Commerce and Industry (MCCI) raises concerns about implementation challenges. The MCCI highlights the potential for a widening budget deficit due to ongoing tax reforms mandated by the International Monetary Fund (IMF). These reforms aim to increase the tax-GDP ratio by...
Day: June 9, 2024
Business Report : Borrowing from internal sources to meet the budget deficit could lead to a rise in inflation in the next fiscal year, the Institute of Chartered Accountants of Bangladesh (ICAB) said on Saturday. The government wants to finance the budget deficit by borrowing Tk 160,900 crore, or about 20 percent of the total budget outlay, from local sources, according to the proposed budget for 2024-25 placed in the parliament on June 6. “Now, the country’s inflation rate is...
Business Report : The Bangladesh Shrimp and Fish Foundation (BSFF) was awarded the Aziz-UI Haq Rural Development Medal for 2024 in the opening day of the 24th Session of the Governing Council Meeting of Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP) recently. In the award ceremony held in Bangkok, Syed Mahmudul Huq, Chairman, BSFF received the award on behalf of BSFF from HE Atthakorn Sirilatthayakorn, Deputy Minister of Agriculture and Cooperatives, Government of Thailand in presence...
Business Report : A total of 21 organizations on Saturday received the “National Productivity and Quality Excellence Award-2022” for their...
BSS, Khulna : With the theme, ‘Smart Land Service, Smart Citizens, the week-long ‘Land Service Week-2024’ inaugural ceremony was held at the Collectorate building premises in the city today. Additional Divisional Commissioner (revenue) Md. Firoz Shah inaugurated the event as chief guest while Khulna deputy commissioner Khondokar Yasir Arefin, additional divisional commissioner (revenue) Mukul Kumar Maitra, additional superintendent of Police Sushanta Sarkar , among others, were present. Thanking Prime Minister Sheikh Hasina for making Bangladesh Digital and Smart, the chief...
AFP : US President Joe Biden was to meet his French counterpart Emmanuel Macron Saturday on a state visit to France, after warning of the need to preserve American democracy and live up to the example of World War II heroes. Biden is due to meet Macron for talks at the Elysee Palace in Paris followed by a state banquet given in his honour, with Ukraine’s battle against the Russian invasion the dominant topic. In a speech on a clifftop...
Business Report : Prime Bank PLC, a leading second-generation local commercial bank in Bangladesh, has recently inaugurated a new Agent...
Mirzapur (Tangail) Correspondent : In Tangail’s Mirzapur, about one and a half lakh customers have been bewildered by additional fake bills of Palli Vidyut Samiti-1. Aggrieved customers have alleged that a customer has been charged one-and-a-half to two times the bill and some customers four to five times additional fake bills against a meter. The rural electricity department is taking hundreds of crores of rupees by holding one and a half lakh customers hostage. They complained that people of low...
