Fish farming loses tax privileges
The National Board of Revenue yesterday withdrew tax privileges for fish farming to rein in tax-dodging by a section of dishonest taxpayers who allegedly shift income from other sources to fisheries to evade tax.
The existing tax rate of 3 percent on income from fish cultivation will no longer be effective, the NBR said in a notice. Income from the sector will be subject to normal tax rates, it said.
“It means the tax rate for companies involved in fish farming will be 35 percent. And individuals having income from fish cultivation will pay tax at normal rates depending on their income levels,” an NBR official said, asking not to be named, reports the Daily Star.
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Two-year jail term for child marriage
The government on Monday approved a law setting a two-year jail term for anyone involved in marrying a girl aged under 18, in a bid to cut the country's notoriously high child marriage rate.
The new law comes days after new UN figures showed 
two-thirds of Bangladeshi girls marry before they reach adulthood. It targets the parents or guardians and the marriage registrar as well as the groom, reports AFP.
"Anyone found responsible for child marriage, including the groom, the marriage registrar or the guardians, would...
two-thirds of Bangladeshi girls marry before they reach adulthood. It targets the parents or guardians and the marriage registrar as well as the groom, reports AFP.
"Anyone found responsible for child marriage, including the groom, the marriage registrar or the guardians, would...
PM inaugurates BIMSTEC secretariat in Dhaka
Bangladesh Prime Minister Sheikh Hasina Saturday inaugurated the permanent secretariat of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in Dhaka.
The BIMSTEC, initiated to connect South Asian and Southeast Asian countries, comprises Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand, Xinhua reported.
During the 13th BIMSTEC ministerial meeting held in Nay Pyi Taw in Myanmar in 2011, it was unanimously decided that the secretariat would be set up in Bangla...
During the 13th BIMSTEC ministerial meeting held in Nay Pyi Taw in Myanmar in 2011, it was unanimously decided that the secretariat would be set up in Bangla...
200 RMG plants shut since Rana Plaza tragedy
More than 200 garment factories have shut down in Bangladesh since the country’s worst industrial disaster prompted a massive clean-up of the world’s second-largest textile sector, an industry group said Thursday.
The closures have cost tens of thousands of jobs and led to a fall in exports, raising worries about the $24.5 billion industry—the key economic mainstay for the impoverished nation of 155 million people, reports AFP.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which represents 4,500 factories and compiled the figures, said the industry was going through a painful transitio...
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which represents 4,500 factories and compiled the figures, said the industry was going through a painful transitio...
Dhaka lays out position ahead of talks with India
Despite the absence of movement from the Indian side on key bilateral issues, Bangladesh has said it is ‘patient, understands India’s constraints, and is hopeful of positive results’.
Dhaka has also signalled that it is at ease with the Narendra Modi government, while urging sections not to ‘whip up emotive frenzy’ over the immigration issue. The two countries have a Joint Consultative Commission meeting on September 20.
In an exclusive interview to HT, Bangladesh’s high commissioner to India, Tariq A Karim admitted that prior to the Indian el...
In an exclusive interview to HT, Bangladesh’s high commissioner to India, Tariq A Karim admitted that prior to the Indian el...
Teesta, boundary pact to figure in JCC on Sept 20
India and Bangladesh will hold a meeting of Joint Consultative Commission (JCC) here on September 20 during which a number of bilateral issues including the contentious Teesta water agreement and the Land Boundary pact are likely to figure.
ndia
Addressing a press conference, External Affairs Minister Sushma Swaraj today said political consultations are underway on Indo-Bangla Land Boundary Agreement while government was trying to build a consensus for the Teesta pact.
“The Land Boundary Agreement was already introduced in Rajya ...
ndia
Addressing a press conference, External Affairs Minister Sushma Swaraj today said political consultations are underway on Indo-Bangla Land Boundary Agreement while government was trying to build a consensus for the Teesta pact.
“The Land Boundary Agreement was already introduced in Rajya ...
