Economy / Budget-2020-21


Bangladesh reports 53 more dengue cases in 24 hours

Bangladesh reports 53 more dengue cases in 24 hours

Authorities reported 53 more dengue cases in 24 hours until Sunday morning even if anti-mosquito drives continues in the capital city. The recent spike in dengue cases has added to the worries as the country continues to grapple with the devastating second wave of the coronavirus pandemic. 

DSE brokers for reconsidering four budget proposals

DSE brokers for reconsidering four budget proposals

The DSE Brokers Association urged the government to reconsider four proposals in the final budget, including reduction of AIT of its members to 0.015 per cent from the existing 0.05 per cent to survive from huge losses due to the ongoing Covid-19 pandemic. Sharif Anwar Hossain, President of DSE Br

Proposed budget traditional: IBFB

Proposed budget traditional: IBFB

The International Business Forum of Bangladesh (IBFB) has termed the proposed budget as usual one at an unusual time. "We did not get a budget we expected during the corona virus crisis period. It's a usual budget," IBFB president Humayun Rashid told a virtual press meet on Tuesday. During and af

Renewables 'neglected' in proposed budget

Renewables 'neglected' in proposed budget

The renewable energy sector has received a 'very cold' response from the government in the proposed budget for the next fiscal year, stakeholders say. Apart from granting value-added tax (VAT) exemption on solar battery production, they said, the sector got no other facilities. "To encourage the

Budget funding: Borrow from foreign sources, not banks

Budget funding: Borrow from foreign sources, not banks

The government should negotiate with international financial organisations on low cost loans to meet the budget deficit for fiscal 2020-2021 instead of putting additional pressure on troubled local banks, analysts say. They said Bangladesh is in a better position to bargain with foreign lenders

Wooing investment: BPGMEA seeks tax holiday

Wooing investment: BPGMEA seeks tax holiday

The local plastic goods makers' body in its post-budget reaction has sought tax holiday to attract more investment in the sector. The Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) urged the government to take realistic measures to achieve different economic goals, inclu

Implementation of budget key challenge, says Razzaque

Implementation of budget key challenge, says Razzaque

The implementation of the proposed budget for fiscal year 2020-21 is a major challenge, said a senior minister of the incumbent government on Sunday. "I must say that the budget is very challenging," said agriculture minister Dr Abdur Razzaque while speaking as the chief guest during a post-budget

CCCI for transparent implemention of budget

CCCI for transparent implemention of budget

Honesty, transparency and skill will be necessary in implementing the proposed national annual budget. Chittagram Chamber of Commerce and Industry (CCCI) President Mahbubul Alam made the remarks in his initial reaction to the budget for fiscal year 2020-21 (FY '21). Meanwhile, terming the budget

How to get higher revenue earnings

How to get higher revenue earnings

Finance minister AHM Mustafa Kamal has said "expansion of tax net" and "easy and simple tax-filing system" would be the two main tools to boost tax revenue earnings in the next fiscal. "Earlier, there was a concept that the taxpayers who had been paying tax over the years will only be paying in fu