Bangladesh

Mahfuz Emran: The first budget of Bangladesh after independence was announced on June 30, 1972. The size of the country’s first budget announced by the then finance minister of the Awami League government, Tajuddin Ahmed, was Tk 786 crore. After 52 years, the country’s 53rd budget (FY2022-23) will be presented…

Staff Correspondent: Mild to moderate heatwave is sweeping over the country and it may continue, said a met office forecast for the next 24 hours commencing 9am yesterday.“Mild to moderate heatwave is sweeping over the country and it may continue,” said the release.Weather may remain mainly dry with temporary partly…

Zarif Mahmud: Finance Minister AHM Mustafa Kamal will present the last budget of the current government in the National Parliament today. This year’s budget emphasizes new income tax laws and tax hikes, prioritizing International Monetary Fund (IMF) conditions over election-time populism.The finance minister has drawn a table for tax collection…

Industry Desk: The tax rate is going to be increased massively in the next budget. VAT is being increased on production of daily use items such as plastic and aluminum utensils, toilet tissue, pens, mobile phones. Besides, the import duty of food items like cashew nuts and dates is being…

Industry Desk: Primary textile millers yesterday urged the woven and knit garment makers to buy yarn from the local markets by opening back to back letters of credit (LCs) to reduce stockpiling of unsold yarn and to preserve the US dollar in this crisis period.The textile millers also demanded the…

Luxury investment plans Mahfuz Emran: At present, the power generation capacity in the country is 23 thousand 482 MW. The target of increasing it to 111,138 MW in 2050 has been set in the draft of the proposed ‘Integrated Energy and Power Master Plan (IEPMP) 2023’. That is, production capacity…

Staff Correspondent: Prime Minister Sheikh Hasina yesterday said Bangladesh doesn’t want any more conflict rather it wants to improve the quality of people’s lives.“We don’t want any more unrest and conflict. We want to improve the quality of people’s lives. And we always wish it,” she said.In this regard, Sheikh…

Industry Desk: The Japan International Cooperation Agency (JICA) has reported that during the Japanese Fiscal Year 2022, spanning from April 2022 to March 2023, both its commitment and disbursement have reached the second highest levels since its ODA loan support in Bangladesh began in March 1974.For the said FY, JICA…

Staff Correspondent: In an effort to increase the production of Aman paddy, the government has taken a decision to provide Tk 33.20 crore incentive to 4.90 lakh to small and marginal farmers across the country, said the Agriculture Ministry.Under the scheme, a farmer will get five kgs of seeds of…