Dr. Salehuddin Ahmed, Former Governor, Bangladesh Bank : The corporate tax for banks has been reduced in the proposed budget for 2018-19 fiscal year, but I feel the same should have been done for companies as well. The way investment is currently getting stalled, I think reducing corporate tax would have been better. If it…
Muhammad Ali Bukhari from Toronto: The New Democratic Party (NDP) candidate, Doly Begum becomes first Bangladeshi Member of Provincial Parliament (MPP) in Province of Ontario in Canada, who easily defeated a former Toronto Police Superintendant from the Progressive Conservative Party and a veteran Liberal Party MPP in Scarborough Southwest constituency. Doly, who served as co-chair of…
Razequzzaman Ratan, Central Committee Member, Bangladesher Samajtantrik Dal : The people will judge those before letting some rule the country for a 5-year term. Think of it this way, we check a lot before we go for our groceries. So when it comes to the matter of handing over the ruling power of the country,…
Abu Ahmed, Professor of Economics Department, Dhaka University : Finance minister gave nothing to the share market. The proposed budget for the fiscal years 2018-19 is nothing but frustrating for the ordinary investors of the stock market. The minister also did not give importance to the share market, who had once said he might make…
Sayeed Muhammad: The national budget for fiscal year 2018-19 has set a growth target of 7.8% as Finance Minister Abul Maal Abdul Muhith rolled out a Tk 4,64,573 crore national budget yesterday. Muhith presented the budget, his 12th and largest ever, to parliament. In FY2016-17, the government’s gross domestic product (GDP) growth target was 7.4%,…
Abrar Hussain: Imp-orted mobile phone handsets will be costlier after Finance Minister AMA Muhith yesterday proposed a 1 percentage point surcharge increase in his budget speech for fiscal 2018-19 at the parliament. Currently, there are 10% customers’ duty, 15% vat, 2% advance income tax and another 1% surcharge on imported mobile phone handsets, reported The Daily…
Sayeed Muhammad: In the latest budget outline, Bangladesh has reintroduced a 28 percent tax on rice imports in the latest national budget to protect local farmers. The duty on locally produced starches, wheat, maize, potato and cassava, has also been rationalised to 15 percent customs duty and 10 percent regulatory duty. Bangladesh’s rice output from the…
Abrar Hussain: Dr. Debapriya Bhattacharya, Member of CPD Board of Trustees, on behalf of CPD gave an opinion on the proposed budget for the Fiscal Year 2018-19 yesterday at a press conference. According to Debapriya, many of the current fundamental policies and economic trends present in previous budgets have been represented in the new budget….
Sayeed Muhammad: The government has said the government has planned to introduce a pension scheme for private sector employees in FY2018-19, said Finance Minister AMA Muhith. If implemented, this will the first time in the history of Bangladesh that Prive job holders will enjoy the pension scheme. Introduction of a universal pension scheme would require basic…