Bangladesh had a GDP growth of 7.86 per cent in the last fiscal. This is  welcome news as this performance is the resultant effect of all activities & performances by the nation. The global credit ratings of Bangladesh have also been impressive. Moody's rating for Bangladesh has been at Ba3 s

Income tax is a levy on income. The collection of income tax takes place according to the Income Tax Ordinance 1984 (ITO-1984). Every year during budget presentation for ensuing financial year, applicable laws and levies are amended by a proposal from the Finance Minister. The budget speech regular

It is said that investments can expedite the growth of any economy. However, pragmatic and prudent management of budgets can consolidate such growth in an efficient manner. Again, good governance of the macro-economy will yield still better results for the economy. Indeed, innumerable micro units g

The Finance Minister has presented his 10th consecutive budget in the Jatio Sangsad on June 07. His prelude to the Budget Speech has been full of feelings and sentiments of his sincere efforts in offering the budget. Himself a language activist, freedom fighter, an erudite human being, the FM's cap

An independent director is quite often termed an outside director. He is a member of the Board of Directors (BoD) who does not have a material or pecuniary relationship with the company or related persons, except sitting on board meetings and getting fees. In USA, independent directors constitute 6

Way back in 1972 the banking sector was in an absentee ownership regime. At that critical juncture, the government decided to take over all the banks. Sonali, Janata, Agrani, Rupali, Pubali and Uttara -- all the banks were taken under the control and ownership of the government. The banks, in othe

Private commercial banks (PCBS) were allowed to start business in Bangladesh in 1983, during the military regime of Lt. Gen. H M Ershad. The Arab Bangladesh Bank, the IFIC Bank, the Islami Bank Bangladesh Ltd and the National Bank Ltd were the four pioneers in private sector banking in the country.

The collection of income tax takes place through various means and modes of law enunciated in the Income Tax Ordinance 1984. Every year, while presenting budget in parliament for the next fiscal, the finance minister proposes changes in the tax laws and in line with his proposal, amendment to thes