DHAKA: Finance Minister Abul Maal Abdul Muhith Friday said there is nothing to say about black money as answers of all queries existed in the Income Tax Law.The minister came up with this assertion while replying to a query of a reporter on proposed budget for 2015-16 fiscal year after

DHAKA: Prime Minister’s International Affairs Adviser Gowher Rizvi said deals on three power plants would be signed during the visit of Prime Minister of India Narendra Modi. The power plants will produce about 5,000 megawatts of electricity, he added.He was addressing a discussion

DHAKA: Finance Minister AMA Muhith has proposed to increase taxes on certain daily essentials that will result the hike of their prizes.The products include SIM card; fresh and frozen fish; flours; meals; Fish fillets – dried and salted; cold-water shrimps and prawns, butter and other

DHAKA: Finance minister AMA Muhith proposed to exempt the import duty on items related to renewable energy in the budget for FY 2015-16 aiming to promote the use of energy efficient and renewable energy run apparatus.In his budget speech, Customs Duty (CD) rate on airtight storage bags

DHAKA: The government has increased 15 percent of import duty and taxes on silk products to protect local silk industry. Finance Minister AMA Muhith made the proposal while placing the budget for the next financial year before the parliament on Thursday afternoon.In his budget speech, the

DHAKA: Finance Minister AMA Muhith has proposed 4 percent VAT on online trading of goods and service.While placing budget for 2015-16 fiscal year, the minister said, “Trading of goods and services online is now being recognized and established as a very popular mode. Although this

DHAKA: Finance Minister AMA Muhith proposed 25 percent tax for publicly trading companies which is currently 27.5 percent.During budget speech, he said, “The target set for collection of income and corporate tax in FY 2015-16 is Tk. 65 thousand 932 crore.”Besides, the tax rate for

DHAKA: This year’s budget deficit will be Tk 86 thousand 657-crore, which is 5.0 percent of GDP.According to finance minister AMA Muhith, Tk 30 thousand 134-crore (1.8 percent of GDP) will be financed from the external sources and Tk 56 thousand 523-crore (3.3 percent of GDP) from the

DHAKA: Finance Minister AMA Muhith has declared that the Padma Bridge project, once completed, alone will enhance GDP by 0.56 percent annually accelerating economic activities in the backward south-western region of the country.In budget speech, the finance minister said, “Considerable

DHAKA: Finance Minister AMA Muhith started placing the 44th national budget in parliament expressing his hopes in steering the economy out of the present pressures and challenges.Earlier at noon, the cabinet approved the proposed budget of the fiscal year 2015-16 in a meeting at Jatiya

DHAKA: The government has estimated revenue income for FY2015-16 at Tk. 2 lakh 8 thousand and 443 crore which is 12.1percent of GDP.Of the amount, NBR tax revenue is estimated at Tk. 1 lakh 76 thousand 370 crore (10.3 percent of GDP).According to finance minister AMA Muhith, ‘This

DHAKA: Finance minister AMA Muhith in his budget speech projected GDP growth rate at 7.0 percent for FY2015-16.According to the speech, industry and service sectors on the supply-side and, consumer spending and public and private investment, on the demand-side, will be the drivers of this

Total outlay----------------------- Tk 295,100crRevenue Income----------------- Tk 2,08443crRevenue Expenditure-------------Tk 164, 571crADP--------------------------------TK 97,000crDeficit----------------------------- Tk 86,697crDHAKA: The government Thursday proposed a Tk 2.95 lakh

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Thursday.DSEX, the Broad Index of DSE, rose over 4.58 points to stand at 4591.42 at the close on the last trading day of the

DHAKA: Finance Minister AMA Muhith started placing the 44th national budget for Fiscal Year 2015-16 in the Parliament on Thursday afternoon.He started reading out the budget at 3: 35 pm, which will be the 9th as the finance minister.The size of the budget is likely to be Tk 2.97 lakh

DHAKA: Ahead of placement of budget for 2015-16 fiscal, investors witnessed mixed trend in early hours of trading of the country’s bourses on Thursday, the last trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange (DSE), shed over 0.74 points to stand at 4586.09 at

DHAKA: Finance Minister Abul Maal Abdul Muhith will place the national budget for 2015-16 financial year (FY16) at the National Parliament on Thursday.Size of this year’s budget will be around three lakh crore, higher than the past year’s budget of 2 lakh 50 thousand and 560

DHAKA: A two-day international conference on Bangladesh readymade garment (RMG) sector will be held at Harvard University of the USA.The conference will begin on June 5.Harvard University South Asia Institute and Harvard University Center for the Environment and International Sustainable

DHAKA: Commerce Minister Tofail Ahmed categorically said that the largest readymade garments (RMG) town will be build up in Baushia in Munshiganj district.A Memorandum of Understanding (MoU) is scheduled to be signed between country’s largest RMG owners organization Bangladesh Garment