The country's gross domestic product (GDP) target may be lowered to 6.2 percent from the existing target of 7.2 percent, as the prevailing unrest is generating many risk factors in the economy, sources in the Finance and the Planning Ministries say.
The policy makers are also thinking of lowering GDP target due to political instability.
In a meeting of the Fiscal Co-ordination Council at the conference room of the Finance Ministry recently discussed the latest economic position and prospects of the country. Finance Minister AMA Muhith chaired the meeting. Bangladesh Bank Governor Dr Atiur Rahman, Finance Secretary Fazle Kabir, Chairman of the National Board of Revenue (NBR) Golam Hossain, Planning Commission Member Dr Shamsul Alam, Economic Relations Division (ERD) Secretary Abul ...
Mobile phone operator Robi Axiata Ltd has illegally taken some Tk 830 million VAT rebate in its return that was submitted to the tax authority, a senior VAT official said.
Of the amount, the VAT wing has already realised Tk 480 million from Robi's current bank accounts. The Large Taxpayers Unit (LTU) instructed banks to freeze all its bank accounts to realise the rest Tk 350 million.
LTU under the Value Added Tax (VAT) wing issued a letter to the country's all commercial banks with an instruction to suspend transaction in the bank accounts of Robi until payment of its nearly Tk 350 million tax, reports the Financial express (FE).
Bangladesh Bank (BB) published its first journal namely "Thoughts of Banking and Finance", on Tuesday. Governor Dr Atiur Rahman launched the journal at a programme at the Bangladesh Bank Training Academy (BBTA) in the city.
Addressing the luncheon programme, he said there is no alternative to the research to expedite development process, and local research process should be strengthened to maintain the pace of development.
Referring to the different steps of the central bank including low rate lending to the agriculture sector, the governor said research should ...
Bangladesh has urged the development partners to stand beside it to cope with the adverse effects of climate change.
The call was made on the sidelines of an event, titled ‘Climate Initiatives of Bangladesh: Sharing the Experience of Finance, Adaptation and Mitigation’ organised by Bangladesh at Warsaw Stadium in Poland on the 8th day of Warsaw Climate Change Summit 2013 on Monday.
At the event, it was said Bangladesh requires US$ 10 billions to deal with the negative impacts due to climate change which...
A sub-committee of the House of Representatives of the US Congress is going to organise a hearing on Bangladesh political situation in Washington on Wednesday.
The Sub Committee on Asia and the Pacific will arrange the hearing, titled ‘Bangladesh in Turmoil: A Nation on the Brink?” to be held at Rayburn House Office Building, according to a web release of the office of House Committee on Foreign Affairs’ Chairman Ed Royce.
Ali Riaz, Professor and Chair, Department of Politics and Government, IllinoisStateUniversity and a public policy scholar at the Woodrow Wilson Centre, Maj Gen (retd) ANM Muniruzzaman, President of Bangladesh Institute of Peace and Security Studies and John Sifton, Asia Advocacy Director, Human Rights Watch will participate in the hearing as witnesses.
The leaders of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) said, the recent labour unrest in Readymade Garment (RMG) sector is nothing but a conspiracy to destroy the country’s leading export sector. They appealed to the government to take all out measures for saving the Readymade Garment (RMG) factories from unruly workers, as it is the property of state.
In a meeting with the high up officials of the home ministry on Tuesday, BGMEA leaders along with the leaders of Bangladesh Knitwear Manufacturer and Exporters Association (BKMEA) said, they were helpless to run the factories. Md Atiqul Islam, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led the delegation.
