bangladesh budget

Budget anti-people

Opposition leaders yesterday termed the proposed budget for the next fiscal year anti-people and not feasible.
2 June 2016, 18:00 PM

Super rich have to pay more taxes

The super rich would have to pay more tax as the budget proposed restructuring the surcharge on individual's net wealth and increase the maximum rate up to 30 percent.
2 June 2016, 18:00 PM

Down under VAT glut

Returning early from work, Mahbub Alam, an employee of a non-government organisation, flopped down on his couch and
2 June 2016, 18:00 PM

VAT to push up cost of living

The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.
2 June 2016, 18:00 PM

Tobacco tax to benefit multinationals

Multinational tobacco companies will benefit from the proposed budget as the finance minister has not increased the prices of medium and high segment cigarettes.
2 June 2016, 18:00 PM

New jobs to stay elusive

The parameters of employment generation show it would be a tough task for the government in the next fiscal year to create adequate jobs, which is a key element for higher economic growth.
2 June 2016, 18:00 PM

Revenue target very ambitious

While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.
2 June 2016, 18:00 PM

Middle-class hit by tax burden

Ariful Islam has been paying taxes regularly for the last several years on the income from his employment as a banker.
2 June 2016, 18:00 PM

Education gets a big boost

The government broke with its tradition in education by boosting the allocation 32 percent year-on-year to Tk 49,009 crore for the next fiscal year.
2 June 2016, 18:00 PM

Cash incentive for 16 export products

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.
2 June 2016, 10:42 AM

'Mega' challenge

In the stumbling block of concrete mess at Moghbazar, Minhaz Abedin waits patiently every day, worrying about his unemployed son, something he has been doing for the past three years now.
1 June 2016, 18:00 PM

Budget to get 30pc bigger

The size of the upcoming budget may go up by 30 percent from the current fiscal year's revised outlay as the government seeks to fast-track the giant projects and complete one or two in its current tenure. The planned Tk 340,600 crore budget for fiscal 2016-17 would be 17.4 percent of the gross domestic product. In terms of share in the GDP, the planned budget is almost the same as the budget of fiscal 2015-16.
31 May 2016, 18:00 PM