Deputy Speaker Fazle Rabbi Miah is forced to adjourn the parliament sitting for want of speakers on the proposed budget for 2016-17 fiscal year.

The government's focus on mega projects, skills development and job creation are commendable.

The challenge of attracting private investment remains the same as the government in the proposed budget for 2016-17 fiscal year did not give any clear outline to boost confidence of investors, Centre for Policy Dialogue (CPD) says in its budget reaction.

The government is considering to implement an integrated government-run pension framework for self-employed and employees of private organisations.

With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.

Finance Minister AMA Muhith proposes to set October 30 as the official ‘Tax Day’ changing it from September 30.

A cash incentive scheme has been proposed for 16 export goods in the budget for next fiscal to boost the demand for those goods in external markets.

The price of cigarette is set to go up as finance minister proposes tax measures to reduce the use of tobacco and maximise the revenue from this sector.

The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.