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Tax cut on RMG exports for 15 months

The National Board of Revenue is set to issue a statutory regulatory order reducing tax at source on export of apparel items to 0.30 per cent from the existing 0.80 per cent for 15 months, officials of the NBR said. rmgThey said that readymade garment exporters would get the benefit for maximum 15 months as the revenue board decided to offer the tax waiver up to June, 2015, reports the New Age. ‘After getting approval from the prime minister, Sheikh Hasina, last week, the revenue board on Sunday sent a draft of...

98 BHBFC officials get promotion

A total of  98 officials of Bangladesh House Building Finance Corporation (BHBFC) has recently got promotions from different levels as from Senior Officer to Deputy General Manager. BHBFC The present Managing Director took initiatives to re-arrange the organogram of BHBFC so that the huge number of employee may get opportunities from his joining in the corporation. For the concurrence a large number of official get promotion. For taking such remarkable and timely measures quality of works and diversity of activities...

E-payment cost to see major reduction

Mobile Point of Sale (mPOS) service, expected to be launched within the next few months in Bangladesh, will significantly reduce the electronic payment cost and open another door of accelerating inclusive banking in Bangladesh, a top official of Visa Inc said. “Some banks are now in the process of buying the mPOS devices; within the first half of this year, you will see it in Bangladesh,” Uttam Nayak, Group Country Manager, India and South Asia, Visa Inc, told the FE in an interview at a city hotel recently, reports Financial Express (FE). “mPOS will really open the door of inclusive banking,” he said. epayment... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

ADP pace slows, still demand for more funds

The implementation rate of the government's annual development programme (ADP) fell 6 percentage points in the first eight months of the current fiscal year compared to the same period a year ago. Despite the fall in the ADP implementation rate, ministries and divisions are now pressing for more allocation, reports the Daily Star. adpThe National Economic Council at a meeting on April 3 will decide whether additional allocation will be ...

Aus, aman rice production reaches 15.35m tons

Country’s rice production from the Aus (March - June) and Aman (May - October) crops in FY 2013-14 (July - June) is estimated at around 15.35 million tons, up about 2% from about 15 million tons produced in FY 2012-13, according to the Bangladesh Bureau of Statistics (BBS). paddy-300BBS says that rice production from the FY 2013-14 Aman crop, which contributes about 38% of the total rice production in the country, stands at around 13 million tons, up about 1% from about 12.9 million tons in FY 2012-13. BBS says...

Man sold on ‘dream job’ enslaved by Bangladesh diplomat

The top diplomat for Bangladesh’s consulate in Manhattan and his wife were socked with a lawsuit Friday for allegedly forcing their ex-servant to work for free under “slavery-like conditions” after luring him to America under the guise he’d be paid $3,000 a month. Mashud Parves Rana, a Bangladesh native, claims in the Manhattan federal court civil-rights suit that Monirul Islam, the counsel general of Bangladesh, and his wife, Fahima Tahsina Prova, promised to pay him $3,000 per month and provide “good working conditions” if he agreed work as their servant at their swanky Manhattan home. ny suit
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