Former agriculture minister Matia Chowdhury yesterday blasted Finance Minister AHM Mustafa Kamal for his budgetary proposal to increase tax at source on family savings certificate from five percent to 10 percent.

Senior Awami League leader Matia Chowdhury lambastes Finance Minister AHM Mustafa Kamal for increasing tax on family savings certificate from five per cent to 10 per cent in the proposed budget for 2019-20 fiscal.

Finance Minister AHM Mustafa Kamal in his budget speech in the parliament says that the government will avoid issuing statutory regulatory order (SRO) without any abnormal situation to bring transparency in the revenue management.

Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot of efforts and investments from the government to achieve.

As Finance Minister AHM Mustafa Kamal has been feeling unwell, Prime Minister Sheikh Hasina took on the task of presenting the remainder of the budget speech at the national parliament.

In a break from the past, Finance Minister AHM Mustafa Kamal will set a more realistic revenue income target in his maiden budget, but may shy away from undertaking some much-needed economic reforms.

The government may once again offer scope for whitening black money through investment in industries to boost private investment, say finance ministry officials.

Finance Minister AHM Mustafa Kamal yesterday reassured taxpayers that there would be no hike in tax rates in the coming budget, rather more people would be brought under the tax net so that it widens.

As of December last year, there were 2,66,118 loan defaulters in the country, Finance Minister AHM Mustafa Kamal informed parliament yesterday.

The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.

Finance Minister AHM Mostafa Kamal tells parliament that the government is determined to bring down the bank loan interest to the single digit.

The new VAT law with multiple rates will be implemented from July, said Finance Minister AHM Mustafa Kamal yesterday -- clearing uncertainty among the business community on when the much-delayed rule would finally take effect.

Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.

Finance Minister AHM Mustafa Kamal says there will be no non-performing loan (NPL) from as Bangladesh Association of Banks (BAB) is going to take necessary measures to check the loans.