Browse Tag

lead

Inter-bank ATM transaction: BB to impose Tk 15 charge    

Bangladesh Bank backtracked from its earlier decision of imposing a fee at Tk 20 on each inter-bank ATM transaction from currently charged Tk 10 amid criticism from different quarters, said officials of the central bank, New Age reports. The central bank has now decided to impose the fee at Tk 15 on per automated teller machine transaction under National Payment Switch Bangladesh project, a BB official told New Age on Monday. atmThe BB earlier made a decision to double charge on the clients on inter-bank ATM transactions, bowing down to repeated pres...

IMF downgrades global growth forecast

The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next. The IMF now expects growth of 3.5 percent this year, compared with the previous estimate of 3.8 percent which it made in October. The growth forecast for 2016 has also been cut, to 3.7 percent. The downgrade to the forecasts comes despite one major boost for the global economy - the sharp fall in oil prices, which is positive for most countries. [caption id="attachment_12241" align="alignleft" width="300"]From the Files - ECB Easing Expected...

Global wealth flowing to the richest: Study    

The richest one percent are likely to control more than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening global inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland, reports The New York Times. rich-peopleUnless things change, by 2016 wealth of the top 1% will exceed that of the rest of the world. The 80 wealthiest people in the world altogether own $1.9 trillion, the re...

Harsh measures against errant TIN holders

Worried at the poor turnout of income tax returns even after extending the deadline twice for individual taxpayers, the National Board of Revenue (NBR) has decided to be harsh on the errant Tax Identification Number (TIN) holders. The last date for the income tax return submission was November 30 last year. The number of income tax return was 10,26,913 out of 1.8 million TIN holders till the last date, reports UNB. “Yes, we hoped to get better revenue collection compared to the previous year, but the amount of income tax was lower than the last fiscal,” an income tax commissioner preferring anonymity told UNB.

WB to review govt spending in Feb  

A mission of the World Bank (WB) will arrive in Dhaka early February for a review of recent fiscal and current expenditures of the government, according to WB sources. The public expenditure review (PER) by the WB mission will take place on February 2-6. wbSimon Davies (task team leader) will be joined by Salman Zaidi (lead economist), Zahid Hussain (lead economist), Muhammed Waheed (senior economist) and Nadeem Rizwan during the review mission. The team will meet with the officials of the ministries of finance (MoF) and planning as well as local sta...

Revised ADP to be finalised earlier than usual

The Ministry of Planning is trying hard to finalise the Revised Annual Development Programme (RADP) for the current fiscal within January or February, ahead of the usual time, to more effectively utilize the additional allocations for the implementing Ministries and Divisions, with the aim of achieving better development outcomes. The Ministry also stressed the need for ensuring necessary land acquisition before undertaking those projects which require land acquisition for implementation, reports UNB. govtThe decisions were taken at a meeting of t...
Verified by MonsterInsights