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Search results for: economy

Govt liabilities set to increase

FE Report June 14, 2019 10:41:31

The government's total liabilities are set to rise by nearly 29 per cent in the upcoming fiscal year (FY), 2019-20, on the back of higher domestic liabilities. Liabilities have mainly two fronts-dome...

Businesses welcome proposed budget

Syful Islam June 14, 2019 09:58:45

Country's business community hailed the proposed budget for the fiscal year 2019-20 which was placed in parliament on Thursday. In their instant reaction the business leaders termed the proposed budg...

Budget brings hope to capital market

FE Report June 14, 2019 09:55:53

The finance minister has proposed a set of 'incentives', including an increase in the tax-free threshold for dividend income from the listed companies, in a bid to make the country's capital market vi...

An exceptional hearty budget presentation!

FE Report June 14, 2019 09:44:52

Finance Minister AHM Mustafa Kamal started rolling out the national budget for the fiscal year 2019-20 at around 3:07pm Thursday, but had to skip the full speech after he felt unwell. Prime Minister...

Ambitions galore, short of strategies

Shamsul Huq Zahid June 14, 2019 09:26:32

Undaunted by possible challenges, both domestic and foreign, the government Thursday placed in parliament an ambitious Tk.5.23 trillion budget for the fiscal year (FY) 2019-20. The proposed budget is...

Black money holders to make hay

Doulot Akter Mala June 14, 2019 09:20:34

Black money holders will be able to invest in economic zones and high-tech parks by paying a flat 10 per cent tax in the upcoming fiscal year (FY). The tax authority will not ask any question on the...

Economists say budget lacks growth plans

Mir Mostafizur Rahaman June 14, 2019 09:15:33

Economists noted on Thursday the action plan on how to achieve the targeted growth is missing in the budget proposed for the next fiscal year (FY). They made the observation in their instant reaction...

Reforms proposed to ensure discipline in banking sector

-- June 13, 2019 21:44:15

Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the banking sector. The proposals put forward in his budget speech include increasing capital (authori...

Freedom fighters to get Tk 12,000 as state honorarium

-- June 13, 2019 21:14:06

The government has taken steps to increase the amount of the state honorarium for freedom fighters to Tk 12,000 from existing Tk 10,000 to ensure their overall welfare. While unveiling the budget of...

Home ministry to get Tk 256.16b, defence ministry Tk 321.01b

-- June 13, 2019 21:00:11

An amount of Tk 256.16 billion has been proposed for Public Security Division and Security Services Division under the Home Ministry in the proposed annual budget for FY20 2. The proposed amount is T...

Tk 2.02t ADP in FY20

-- June 13, 2019 20:27:07

The government has allocated Tk 2.02 trillion (Tk 2,02,721 crore) as Annual Development Programme (ADP) outlay in the proposed national budget for FY20 giving highest priority to the transport sector....

Govt increases allocation for environment ministry to Tk 14.96b 

-- June 13, 2019 20:27:03

The government has allocated Tk 14.96 billion for the Ministry of Environment and Forest in the proposed budget for fiscal 2019-20, which is up by Tk 1.56 billion from the last fiscal year's revised a...

Agriculture sector to get Tk 140.53b

-- June 13, 2019 20:18:41

Finance Minister AHM Mustafa Kamal on Thursday proposed an allocation of Tk 140.53 billion aiming to develop the sector. The proposed allocation is Tk 1.39 billion more than that of previous year's a...

New VAT system from July 1

-- June 13, 2019 20:15:27

Finance Minister AHM Mustafa Kamal in his budget speech on Thursday proposed to implement the Value Added Tax and Supplementary Duty Act, 2012 from July 1, 2019. “We are going to implement our...

Prices up, prices down

UNB June 13, 2019 19:50:25

With the announcement of the proposed budget for the upcoming fiscal year (2019-’20), a number of products are expected to see fluctuation in prices both upward and downward.  Up  Th...

Smartphones to get costlier

-- June 13, 2019 18:45:25

The price of smartphones is set to increase under the proposed budget for the 2019-20 fiscal year. The government plans to raise the customs duty on smartphones to 25 per cent from the existing 10 pe...

Tobacco gets costlier

-- June 13, 2019 18:39:56

The use of tobacco products, including cigarette, bidi, zarda and gul are going to be costlier from the next 2019-20 fiscal year. “Considering the health-risk and harmful effects of 92 tobacco...

Tk 1.0b earmarked for startups

-- June 13, 2019 18:25:24

As the government wants to use the full potential of demographic dividend, an amount of Tk 1.0 billion has been earmarked in the proposed national budget for fiscal 2019-20 as startup capital to promo...

Incentives on remittance from this year 

-- June 13, 2019 18:24:39

Finance Minister AHM Mustafa Kamal on Thursday proposed to allocate Tk 30.6 billion to provide incentives on the money that expatriates send back as remittance. The incentives will be given at the r...

Tk 645m for interest-free microcredit to alleviate poverty  

-- June 13, 2019 18:02:50

The government has allocated Tk 645 million in the newly proposed budget for interest-free microcredit for poverty reduction programme. Finance Minister AHM Mustafa Kamal said Bangabandhu Sheikh Muji...

Budget 2019-20: Some important features

UNB June 13, 2019 17:54:38

Here are some important features of the new national budget placed by Finance Minister AHM Mustafa Kamal in Parliament on Thursday. *Import volume now $58.9 billion *Export volume $37 billion *Foreig...

Govt projects 5.5pc inflation in FY20

-- June 13, 2019 17:35:37

In the fiscal 2019-20 (FY20), the government has targeted to achieve 8.2 per cent GDP growth containing the inflation rate below 5.5 per cent. The targets were fixed in the proposed budget placed in...

Foreign exchange reserve now $33b

-- June 13, 2019 17:35:23

Country’s foreign exchange reserve now stands at US$33 billion. Finance Minister AHM Mustafa Kamal came up with the statistics while placing the national budget for 2019-20 fiscal year in Parli...

Tax-free income limit unchanged

-- June 13, 2019 17:30:29

AHM Mustafa Kamal has proposed keeping tax-free income limit for individuals and corporate tax rates unchanged in his maiden budget. In parliament on Thursday, the finance minister noted that general...

Finance minister proposes 15pc tax on stock dividend

-- June 13, 2019 17:27:44

The government moves to impose 15 percent tax on stock dividends for the new fiscal year. In his budget speech presented in parliament on Thursday, Finance Minister AHM Mustafa Kamal said: “We...

BD targets 8.2pc economic growth in new fiscal year

-- June 13, 2019 17:18:51

Bangladesh is targeting 8.2 per cent GDP growth in the new fiscal year. In his budget speech presented on Thursday, Finance Minister AHM Mustafa Kamal said our GDP grew consistently at a very high ra...

Govt plans to create 10m jobs

-- June 13, 2019 17:18:31

The government expects to create some 10 million new jobs by establishing 100 Economic Zones (EZs) across the country. Finance Minister AHM Mustafa Kamal came up with the plan while placing the propo...

Kamal places Tk 5.23 trillion-plus budget

FE Online Desk June 13, 2019 15:45:22

Finance minister AHM Mustafa Kamal has placed a budget of over Tk 5.23 trillion (Tk 5,23,190 crore), which is 18.1 per cent of GDP, for fiscal year 2019-20 in parliament. He placed the budget, u...

Kamal starts unfolding budget for FY20

-- June 13, 2019 15:21:49

Finance Minister AHM Mustafa Kamal has started rolling out the national budget, believed to be over Tk 5.23 trillion (Tk 5,23,190 crore), for the financial year 2019-20 (FY20) at the Jatiya...

Cabinet approves budget for next fiscal

-- June 13, 2019 14:51:37

The cabinet at a special meeting on Thursday approved the proposed national budget for the fiscal year 2019-2020. Prime Minister Sheikh Hasina presided over the meeting held at the cabinet room of th...