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Price up, Price down

Different products would be costlier and cheaper as finance minister A M A Muhith today in the new budget proposed some changes to tariff on those. Besides, the finance minister also proposed to impose 5 percent VAT on e-commerce and digital business platforms such as facebook, google, youtube etc in the budget for fiscal 2018-19. Price would be decreased: locally assembled cellular phone, cheap loaf, bread, buns, Pricehandmade biscuits and cakes, cheap sandals and slippers made of rubber and plastic, hybrid motor car, raw ma...

Tk 4,64,573cr budget for FY19 setting 7.8pc growth target

Finance Minister Abul Maal Abdul Muhith today rolled out a Tk 4,64,573 crore national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 percent and outlining a set of plans-strategies to build a prosperous, happy and peaceful country. “Our main objective of budget preparation is to alleviate poverty, reduce inequalities and bring basic and qualitative changes in people’s living standard. Regional parity, human resources development, infrastructure development as well as assuring quality of expenditure are focused in allocation of resources,” said the finance minister while placing the proposed budget

Structural transformation of the economy

By Finance Minister A. M. A. Muhith

As economy develops, a country's agriculture, industry and services sectors are also transformed. The economy consolidates during this process of development if the contributions of industry as well as services sectors to GDP are the rise. In the case of Bangladesh, encouraging signs of structural transformation are gradually becoming visible albeit the strong presence of agricultural sector in food production and employment generation is still there. In FY2005-06, the contributions of agriculture, industry and services

Accord, Alliance will not be extended: Commerce Minister

Commerce Minister Tofail Ahmed today said the government will not extend the staying period of Accord and Alliance after their tenures are expired. Staying period of Accord, a platform of mainly European retailers, ends today (May 31) while Tofael_ahmed_tenure of Alliance, another platform of North American brands, will come to an end in July 2018, reports BSS. “We’ll not extend their staying period in Bangladesh. After the end of their tenures, they will get six months to wrap up their operations,” said Tofail ...

7 mega projects to get Tk 29,675cr in FY19

Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects, reports BSS. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury told BSS. The mega projects are Padma Multipurpose Bridge, Padma Bridge Rail link, Dohazari-Cox’s Mega Projects

Bangladesh joins jute fair in Tokyo

A pavilion of Bangladesh was inaugurated today at Interior Life-style Fair at the Big Site of Tokyo in Japan to showcase Bangladeshi jute products. jute goodsChairman to the Parliamentary Standing Committee on Textiles and Jute Saber Hossain Chowdhury, Bangladesh Ambassador to Japan Rabab Fatima and Export Promotion Bureau Vice Chairman Bijoy Bhattachariya inaugurated the pavilion, reports BSS. A total of 10 jute business organizations are taking part in the fair where they are showcasing different items of jute produ...
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