Hossain Zillur Rahman, another former caretaker government adviser, emphasised the need for tact, honesty and prudence in policymaking during the transition from a group of least developed countries (LDCs). He did not find these qualities in the proposed budget. He said, “The youth are disappointed with the country. Nearly 50 percent of them do not […]
Ahsan H Mansoor, executive director of research organisation Policy Research Institute (PRI), has warned that the economy should not be destroyed to save weak banks. “The policy has to be maintained and we should not back down from it. Commercial banks, which themselves are responsible for the liquidity crisis, are being supplied with money. The […]
Data from the Washington-based Global Financial Integrity (GFI) shows that at least US$8.27 billion (910 billion taka) has been looted from Bangladesh under the guise of international trade from 2009 to 2015. This much money has been looted by overstating the import of goods and understating the export of goods. It is difficult to get […]
The Amar Bangladesh Party (AB Party) expressed disappointment over the proposed budget for the fiscal year 2024-25. It seems that the regime is desperate to receive the third tranche from the IMF as part of its smooth loan arrangement, thereby easing the pressure on its continuously depleting dollar reserves and balance of payments. Given that […]
Where was taxpayers' money spent
Incidentally, the ACC has found that Benazir, her wife and children own 621 bighas of land in Gopalganj, Madaripur, Dhaka and other districts, four flats in Gulshan, 33 bank accounts, shares in 19 companies and three B.O. accounts, as well as savings certificates worth 30 lakh taka (30 lakh taka). Following an appeal by the […]
MPs to lose tax-exempt privilege on car imports
The government has set an ambitious revenue collection target of 5.41 trillion taka for the financial year 2024-25. This is 9.7 percent of the country's gross domestic product (GDP). Of this amount, Tk 4.80 trillion is proposed to be collected through the National Board of Revenue (NBR), while the remaining amount – Tk 610 million […]
Finance Minister AH Mahmud Ali on Thursday proposed an allocation of 947.10 billion taka (94,710 crores) for the education sector in Bangladesh's national budget for the fiscal year 2024-2025, compared to 881.63 billion taka (88,163 crores) in 2023-24. The Finance Minister proposed the allocation while presenting the national budget in the national parliament on Thursday. […]
The government aims to bring down inflation to 6.5 percent
Currently, users have to recharge for Tk 133.25 to get a talktime of Tk 100. With the recent hike, the price will increase to Tk 139 for the same talktime. In simple words, if someone recharges with 100 Taka then 28 Taka will be deducted as tax. The user will get talktime equal to the […]
Providing an opportunity to convert black money into white is a political compromise
