Budget

More focus needs to be given on sourcing funds from external sources, reducing dependency on bank borrowing, to mitigate the budget deficit, according to the experts and stakeholders. Suggesting reduction of source tax for export oriented sectors to 0.25 per cent, they also said agriculture and agro...

Startup and IT-enabled ventures have a significant role to play in coming days and they need supports to survive the ongoing crisis and other challenges before that. Venture Capital and Private Equity Association of Bangladesh (VCPEAB) on Sunday urged incentives, policy support, and better financing for the...

করোনা সংক্রমণে বিশ্ববাণিজ্য স্থবির হয়ে পড়েছে। অর্থনীতি পুনরুদ্ধারে অনেক দেশ জীবনযাত্রার স্বাভাবিক ধারা ফিরিয়ে আনার চেষ্টা করলেও পুরোপুরি সফল হচ্ছে না। কবে এ ব্যাধি থেকে মুক্তি পাওয়া যাবে, তা অজানা। ফলে আন্তর্জাতিক বাণিজ্যের ওপর নির্ভর করে আমাদের দেশের অর্থনীতি টিকিয়ে রাখা সম্ভব নয়। করোনাকালীন সংকটে দেশের অর্থনীতি...

BUILD, a leading think tank said in order to give a clear signal to the global community and the local and foreign investors, the government should immediately prepare a COVID-19 Recovery Plan and a well-planned Exit Policy to meet the economic growth target projected in the proposed...

Welcoming budget proposal for the fiscal year 2020-21, women entrepreneurs recommended some measures to make it women friendly. In separate statements on Friday, Bangladesh Women Chamber of Commerce and Industries (BWCCI) and Women Entrepreneurs Network for Development (WEND) welcomed the budget for placing highest importance to a...

Here are snippets of the announcements made at the presentation of the proposed national budget for 2020-21 fiscal year Health sector to get Tk29,247 crore for overhaul Finance Minister AHM Mustafa Kamal has announced a total of Tk29,247 crore for overhaul of...

The government has revised down the GDP (Gross domestic product) growth for the outgoing fiscal year at 5.2 percent from previous 8.2 percent due to the rampage of the coronavirus on the economy. However, in view of the post-Covid recovery, the growth rate is...

The government has proposed to allot Tk 645.80 billion for the development of communication infrastructure in upcoming fiscal year 2020-21. “I propose to allocate Tk. 645.80 billion for the communication infrastructure sector in the next FY2020-21, which was Tk. 64,821 crore in the current FY2019-20,” said the Finance...

The allocation for the matching fund to implement development projects under Public Private Partnership (PPP) to increase by Tk500 crore in the budget for 2020-21. Finance minister AHM Mustafa Kamal has proposed Tk3500 for PPP projects, which was Tk3000 crore in FY 2019-20. The minister also proposed...

Exporters will face 0.5 percent tax at source of their export earnings from the next fiscal year as the existing 0.25 percent tax benefit is set to end this fiscal year, according to tax proposals placed by Finance Minister AHM Mustafa Kamal for the 2020-21 fiscal. However,...