Bank & Finance

Syed Nasir Hossain: June is the last month of fiscal year. In this month, the government has to pay a large part of the development expenditure bill. But the government does not have enough money. So, a huge amount of money has to be borrowed from the bank. Only this…

Paying only 15pc tax Zarif Mahmud: The government is going to give a special opportunity to whiten black money in the next financial year 2024-25. Notwithstanding the existing laws of the country, no authority can raise any question if a taxpayer pays fixed tax rates for immovable properties like flats…

Says Dr AB Mirza Azizul Islam Staff Correspondent: Prominent economist and former advisor to the caretaker government AB Mirza Azizul Islam said that the national budget for the upcoming fiscal year 2024-25 is coming at a time when the country’s economy is plunged into many crises. Macro economy is under…

Decreasing reserves, increasing debt Mahfuja Mukul: Bangladesh’s foreign debt has been increasing rapidly for several years. However, during this period, private debt increased at a slightly lower rate. However, the foreign debt of the public sector has increased at a much higher rate.As a result, by the end of 2023,…

Enayet Karim: The National Board of Revenue (NBR) provides an opportunity to whiten undisclosed money or black money without question by paying a certain amount of tax in different fiscal years. But if one does not pay tax or show wealth earlier, there is a provision to show it for…

For unprecedented unethical works Staff Correspondent: Former Managing Director Shah AlamSarwar has failed to improve the financial health of IFIC Bank but was able to help some of the board members, whether legally or illegally. He was rewarded by being appointed as an advisor to the bank just after finishing…

Not possible, encourage misuse of public fund: GEF Farhad Chowdhury: According to statistics, 50 percent of the ADP will have to be implemented in the last months to complete development activities as per the target, which is absolutely impossible. This means that a large amount of ADP money for the…

* Jahangir became MD despite having two 3rd class* Unable to pay dividend in 2-yr* Downgraded to ‘Z category’ Staff Correspondent: Huge burden of defaulted loans on the head. The provision deficit has also increased abnormally. Could not pay dividend for two consecutive years. As a result, the bank has…

Mahfuz Emran: The government wants to catch the willful defaulters. This time the debtors will be caught. This is being said from the policy-making level of the government. Various steps have been taken from the central bank for this. A framework has also been created to catch willful defaulters. Its…