But extra duty and tax on telecom, carbonated beverages, water purifiers to hurt potential FDI, it said.

Finance Minister Abul Hassan Mahmood Ali presented this proposed budget in the National Parliament on Thursday. However, representatives from the cultural sector have expressed dissatisfaction with this allocation, much like in previous years.

Ongoing economic challenges will not make it easy to reduce inflation to 6.5 percent in the next fiscal year, said Atiur Rahman, the chairperson of Unnayan Shamannay

The fundamental challenge facing policymakers in implementing a contractionary budget will be patience

The Centre for Policy Dialogue (CPD) today said that the government's target to reduce inflation to 6.5 percent in the fiscal year 2024-25 appears overly ambitious

The government has slightly reduced the allocations for transport and power and energy compared to the outgoing fiscal year.

Finance Minister Abul Hassan Mahmood Ali has proposed to set aside a special allocation of Tk 100 crore for climate change and environmental protection in the national budget for the fiscal year 2024-25

Proposes budget; operators welcome the move

Dialysis to get more affordable as import duty on equipment to reduce

With the goal of expanding the tax net, the government has proposed that proof of tax return be submitted by individuals looking to avail the services of community centres, convention halls, or similar establishments

The tax administrator will retain 2024-25’s tax rate for this year and the next year

25pc duty proposed on cars imported for lawmakers

The proposed budget share for the 2024-25 fiscal year for the home ministry has been slightly decreased in terms of the total budget compared to the outgoing fiscal year

The VAT on these products may rise to 15% from the existing 5%

The VAT on the home appliance may rise by a 5 percentage points

The Daily Star journalists explained the budget 2024-25 in simple words

A 10% customs duty will be imposed on raw materials for the assembly of motorcycles with engine capacity exceeding 250 cubic capacity

The leather industrial estates will be located in Rajshahi, Chattogram and Dhaka

The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from OBUs amounting to 40 percent of their regulatory capital to settle payment obligations.

At present, more than 93 percent of the cash-based social safety net programmes benefits are being paid through the G2P system. The remaining cash-based programmes will be brought under the system in 2024-25.