‘All steps to be taken to rein in loan default’
City Desk : Law, Justice and Parliamentary Affairs Minister Anisul Huq on Sunday said all steps will be taken to dispose of quickly the cases pending before money loan courts to rein in loan...
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Exorbitant prices, increased taxes dash middleclass housing dreams
Staff Reporter : The aspiration of home ownership for the middle class is becoming increasingly unattainable due to the exorbitant prices of key construction materials, rising registration fees, and heightened import duties and taxes...
COAL SUPPLY TO MATARBARI POWER PLANT: Bosses hell-bent on giving job to unqualified firm
Al Amin : Despite concerns expressed by government monitoring wing, graft watchdog and experts, Coal Power Generation Company Bangladesh Limited (CPGCBL) has allegedly been hell-bent in awarding work to an unqualified company for supplying...
Inflation, GDP growth targets in FY25 budget not realistic: Sanem
Business Report : The inflation and GDP growth targets set in the proposed budget for the fiscal year 2024-25 are not realistic, the South Asian Network on Economic Modeling (Sanem) has said. “Reducing inflation...
Says TIB Executive Director Dr. Iftekharuzzaman: Black money whitening facility conducive to graft
Staff Reporter : Former Bangladesh Bank governor Atiur Rahman has condemned the proposal to levy a 15 percent tax on legalizing black money, calling it morally unacceptable. He emphasized that the highest tax rate...
Expects Finance Minister: Contractionary policies to continue to tame inflation
Staff Reporter : Finance Minister Abul Hassan Mahmood Ali stated on Friday that the government will continue its contractionary policies to control inflation, which is expected to decrease by the end of this year....
Crisis mgmt budget unveiled
Staff Reporter : A crisis management national budget is unveiled for the fiscal year 2024–25 as the country is passing through macro-economic instability, including an ever-depleting forex reserve, increasing interest payments, low export earnings,...
They to face 15pc tax if income crosses Tk 50 lakh: Govt plans to impose tax on capital gains
Business Report : The government plans to impose capital gains tax on the stock market investors from the next fiscal year that is another blow on them. General investors will be charged 15 percent...
Nat’l budget to be placed today
Al Amin : Finance Minister Abul Hassan Mahmood Ali is set to place a possible Tk7,97,000 crore national budget for the next fiscal year (2024-25) in The Parliament today (Thursday) amid the growing challenges...
Merchandise exports nosedive
Staff Reporter : Bangladesh’s export receipts recorded a significant year-on-year negative growth of 16.06 percent in May, signaling a slowdown in overall export growth for the fiscal year 2023-24 and posing challenges to bolstering...
Offshore banking deposits to enjoy excise duty exemption
Business Report : Depositors who put their funds in offshore banking units of banks may see an exemption from excise duty payment on their foreign currency deposits in the coming FY25. The government plans...
IT gets tax exemption facility for 3 more yrs
Al Amin : The government has extended tax exemption benefits for 19 sub-sectors of the information technology (IT) industry for another three years. However, the companies must now conduct all their financial transactions through...