Corporate
Corporate
Govt sees catastrophe in VAT collection
Three reasons blamed Golam Mostafa Jibon: A catastrophe is being noticed in the VAT collection that may put the government far away from a lot amount of revenue earning this time.Three reasons behind the current disruption of overall VAT collection have been identified by the authorities concerned. The reasons are…
Read More »Investment, employment get priority in proposed budget
Staff Correspondent: Investment and employment have been given priority in the proposed budget, said the lawmakers, terming the new budget pro-people.Taking part in the general discussion on the proposed budget for 2021-22 fiscal in the Jatiya Sangsad (JS), the lawmakers said the 18th budget presented by the ruling party amid…
Read More »Enhance economic cooperation
Bangladesh to IORA member states Staff Correspondent: Bangladesh has urged the Member States and Dialogue Partners of the Indian Ocean Rim Association (IORA) to formulate and implement projects for economic cooperation relating to trade facilitation and liberalization, promotion of investment, scientific and technological exchanges.Bangladesh will assume the charge of the…
Read More »Telecos demand review of taxation in budget
Industry Desk: Association of Mobile Telecom Operators of Bangladesh (AMTOB) yesterday made appeal to the government for reconsidering the proposed taxation in the national budget in telecom industry considering their recommendations.Elaborating on the predicaments being faced by the telecom industry, AMTOB Secretary General Brig Gen S M Farhad (Retd.) in…
Read More »More tax benefits to be considered for businesses
Staff Correspondent: Finance Minister AHM Mustafa Kamal has said the government is ready to offer more tax benefits to businesses in the budget for the forthcoming fiscal year to create employment opportunities by boosting investment and production in the private sector.“The proposed budget is not final yet. We will remain…
Read More »Detailed programs chalked out to increase tea production
Staff Correspondent: Tea will be exported abroad after increasing production and meeting local demand, said Commerce Minister Tipu Munshi.Observing that tea is a potential export product of the country with high demand abroad, he said, “The government has chalked out detailed programmes to increase its production. With an aim to…
Read More »Tk 6.03 lakh cr budget to be placed in JS: Kamal
Special Correspondent: Finance Minister AHM Mustafa Kamal is set to place over Tk 6.03 lakh crore national budget for fiscal 2021-2022 (FY 22) in the Jatiya Sangsad (JS) today amid the COVID-19 pandemic aiming to expedite economic recovery and bolster the government efforts to save the lives and livelihoods of…
Read More »RMG export may recover
fully by Oct: BGMEAStaff Correspondent: A full recovery in garment export may take place by October this year, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).“We are hopeful because majority of the people in the US have already completed the vaccination and the consumers have started going to the…
Read More »88 pc shops still remain out of VAT
Staff Correspondent: Some 88 percent of shops still remain out of the Value Added Tax (VAT) net, according to a recent survey conducted by the VAT Intelligence and Investigation Directorate.Out of 1,024 shops at eight markets in Dhaka, Narayanganj and Savar, 904 shops don’t pay VAT as per the study…
Read More »Insurance News
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
