Despite a sharp decline in the poverty rate since 2000, the income inequality is widening fast in the country, creating 'two societies in a society' having an opposite picture, eminent economist Dr Binayak Sen said Tuesday. "We don't have a common health and education for all. Rich people send the
Speakers at discussions on Saturday said there should be strong and vigorous policy reforms with homegrown approaches to counter new challenges the country's economy following national elections. They said the government must focus on immediate problems in the economy, including taming inflation,
The evolving global order and changing geo-economic landscape present both challenges and opportunities for developing countries, as highlighted by renowned economist Wahiduddin Mahmud. He shared his insights during a public lecture titled "Evolving Global Order and Geo-economics: Implications for
The Asian Development Bank (ADB) said on Friday it has approved a $400 million policy-based loan to support climate adaptation in Bangladesh, reports Reuters. According to recent reports, the Manila-based lender is committed to allocating more than half of its 2024-26 allocation for Bangladesh ($5
The National Board of Revenue (NBR) is expecting to fight successfully the current economic challenges by focusing more on collection of arrears, settlement of cases and intensified motoring on domestic revenue mobilisation. Dr Moinul Khan, member of VAT implementation and IT wing of NBR, said the
The Thai government has expressed interest in putting in place a Free Trade Agreement (FTA) with Bangladesh as soon as possible. The two countries, during a recent series of meetings, emphasized on FTA for greater business opportunities, reports UNB. A 50-member delegation from Bangladesh just co
A total of 665 taxpayers at the national and district level would be honoured with tax cards for their outstanding contribution to the public exchequer. Of the taxpayers, 140 would receive tax cards under individual, company and other categories while 525 would get 'Top Taxpayers Award' at the cit
Bangladesh could be getting USD 1.08 billion as loans from the Asian Development Bank (ADB) and the International Monetary Fund (IMF). A senior official of the Ministry of Finance today told UNB that a loan proposal of $400 million for Bangladesh is expected to be placed at the ADB board meeting o
The National Board of Revenue (NBR) has further slashed land tax for peripheral areas following a significant decline of registration due to an escalated tax burden. Tax ceiling on land per katha will be reduced by Tk 30,000, thanks to the latest cutback in the source tax rate at 6.0 per cent from
The operational scope of Resident Foreign Currency Deposit (RFCD) accounts has been widened, the Bangladesh Bank (BB) said on Sunday. For example, anyone travelling abroad for medical, tourism or any other purpose can open such accounts with local authorised dealer branches by showing related docu
Foreign Minister AK Abdul Momen has suggested Kosovo to import top-quality RMG and pharmaceutical products from Bangladesh. He also suggested taking skilled human resources from Bangladesh when outgoing Ambassador of the Republic of Kosovo to Bangladesh Güner Ureya paid a farewell call on him
A total of 2.35 million taxpayers have filed their income tax returns till November 30 this year with a revenue collection of around Tk 43.35 billion (Tk 4,335 crore). The last date for submitting returns in the 2023-2024 tax year was November 30, but the government has extended the timeframe for
The revenue collection has increased by 14.36 per cent to Tk 1.03 trillion (Tk 1,03,976 crore) in the first 4 months of the current FY2023-24 compared to the same period during the previous FY 2022-23, according to National Board of Revenue (NBR). According to the provisional data of the NBR
