In a bid to cushion the impact of the Covid-19 pandemic, the budget for FY2020-21 proposes Tk95,000 crore in farm subsidies, up from Tk9,001 crore in the outgoing fiscal. In his budget speech, Finance Minister AHM Mustafa Kamal proposed an allocation of Tk15,441 crore for the agriculture...
Finance Minister AHM Mustafa Kamal has proposed continuation of the existing 2% incentive on remittance in the national budget for 2020-21 fiscal year. In his budget speech in the parliament on Thursday afternoon, the finance minister said the prime minister announced the incentive at the rate of...
The chunk of defence budget for the FY2020-21 has been increased by Tk2,327 crore than that of the outgoing fiscal year. The amount allocated for military spending in this fiscal (Tk34,427 crore) is 7.24% more than the previous fiscal, according to the budget proposed by Finance Minister...
The power and energy sector of Bangladesh is set to receive an allocation of Tk26,758 crore in the proposed national budget for the 2020-21 fiscal year, placed in parliament by Finance Minister AHM Mustafa Kamal. The allocation was reduced by Tk1,293 crore in the coming fiscal as...
The government has allocated Tk1,478.93 crore in the proposed national budget for the 2020-21 fiscal year which is Tk22.37 crore more than the current fiscal year, for the development of youths and sports. “I propose an allocation of Tk1,478.93 crore in the next year’s budget for the...
Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption. The Finance minister said the measure was taken "to reduce the consumption of tobacco products and maximise revenue collection from this sector." The minister proposed: "Price per 10-sticks...
Finance Minister AHM Mustafa Kamal, in his budget speech at the parliament today, proposed to withdraw the 15 percent VAT on the import of gold bar. He made the proposal to discourage illegal import of gold and encourage import of gold on legal routes through authorised dealers. ...
Finance Minister AHM Mustafa Kamal proposed to allocate Tk 10,000 crore to fulfil the emergency requirements to combat the Covid-19 pandemic. "We have taken all-out measures to improve the health sector. To combat the Covid-19 pandemic, we are implementing different programmes worth Tk 5,500 crore under the...