The communications minister, Obaidul Quader, on Thursday urged officials of the two city corporations of Dhaka to repair the city roads and immediately complete Mayor Mohammad Hanif Flyover to ease people’s sufferings. ‘I am not responsible for city corporations’ roads.
Month: June 2013
Slum people of Dhaka will get supply water by 2015: DWASA
All slums in the capital will have access to water supply service by the year 2015, said Dhaka Water Supply and Sewerage Authority managing director Taqsem A Khan on Thursday. Speaking at a seminar, he said they would get legal water supply connection, which would ensure safe water for them and an environment-friendly
Mayoral candidates pledge to make Barisal city child-friendly
All of three mayoral candidates in the third Barisal City Corporation election have pledged to make the city children-friendly. They were speaking at a programme styled ‘face to face with children’ organised by a local monthly children magazine ‘Lal-Sabuj’ at Ashwini Kumar Hall
Stolen vehicles seized in Sylhet
5 youths arrested The Sylhet Metropolitan Police in separate drives conducted Wednesday late night seized two stolen motorcycles and one auto-rickshaw and picked up five youths on charge of lifting the vehicles. The arrested were identified as Shamim Ahmed, 32, Zahir Miah, 29, Saddam Hossain, 21, Rifat Islam, 19, and Mamunur Rasheed, 23.
Accused physician secures bail
A Chittagong court on Thursday granted bail to a physician, who was sent to jail on Monday on charge of forgetting to bring out needle from the body of a patient after performing surgery. The metropolitan sessions’ judge, SM Mujibur Rahman, granted interim bail to Dr Surman Ali until June 10 in the case filed ... Read more
GDP growth target set at 7.2pc again despite failure
The finance minister, AMA Muhith, in the proposed budget for the next fiscal year 2013-14 set yet another ambitious target of 7.2 per cent growth of gross domestic product despite failing to achieve the GDP growth targets in the previous two budgets. Muhith, who had set a GDP growth target of 7.2 per cent
Exporters to be given Tk 2,592cr incentive
The government has proposed to allocate Tk 2,592 crore as cash incentive in the export sector for the upcoming 2013-14 fiscal year in a bid to encourage the exporters. In the budget speech on Thursday, finance minister AMA Muhith said that the government had taken the initiative to expand trade and commerce at both national
Tax holiday extended, investment rebate raised
Finance minister Abul Maal Abdul Muhith on Thursday proposed extending the tax holiday for two more years and raising investment ceiling for rebate in the next financial year. In his budget speech for the financial year 2013-14, Muhith proposed extending the tax holiday for 17 industrial and 17 infrastructure facilities for two years
Corporate tax of GP, BATBC to go up
Finance minister Abul Maal Abdul Muhith on Thursday proposed an increase of the corporate tax by 5 per cent on publicly listed mobile phone and tobacco manufacturing companies. Muhith in his budget speech for the financial year 2013-14 proposed that the corporate tax for listed mobile phone companies and tobacco companies
Incentives proposed to appease investors
The government has proposed a set of proposals for the financial year 2013-2014 for the stock market ahead of the next national elections to boost the capital market and apparently to get the public sentiment in favour of the government. The capital market has been suffering since the market
Duty cut on capital machinery, raw materials proposed
Finance minister AMA Muhith on Thursday proposed to reduce customs duty on the import of capital machineries to 2 per cent from 3 per cent. He also proposed to reduce customs duty on intermediate raw materials to 10 per cent from 12 per cent. Muhith, in his budget speech placed in Jatiya Sangsad
Muhith hits small businesses hard
Bidi, cigarettes to be costlier Finance minister Abul Maal Abdul Muhith on Thursday proposed an increase of package value-added tax for all registered small shop owners. The package VAT will be increased depending on their business locations with an annual turnover below Tk 80 lakh for the fiscal year 2013-2014, he said.
Milk powder to become costly, SIM, computer server cheaper
The finance minister AMA Muhith on Thursday proposed increasing tax on milk powder imports to 10 per cent from existing 5 per cent for encouraging the local dairy industry. He also proposed to impose 60 per cent supplementary duty on imported potato chips in the budget for financial year 2013-14.
Removal of tax disparity among shipbuilders proposed
Dairy, poultry and fisheries sectors get tax cut Finance minister Abul Maal Abdul Muhith on Thursday proposed to eliminate tax disparity among the shipbuilders to make a level playing field in the sector and to extend the period of existing tax exemption on income from poultry industry from June, 2013 to June, 2015. He also ... Read more
WB launches Bangladesh enterprise survey
World Bank has launched the Enterprise Survey in Bangladesh to assess the business environment and investment climate barriers that limit economic growth. The survey is part of a global project in South Asia and would include interviews with over 1,550 manufacturing and services companies.
Bourses asked not to trade fixed assets until demutualisation
The Bangladesh Securities and Exchange Commission has put bar on the stock exchanges from trading any fixed assets until the completion of demutualisation of the bourses. The stock market regulator on Thursday issued a directive in this regard. According to the directive, the stock exchanges are
Stocks slip after 8 days
Dhaka stocks declined on Thursday after eight trading sessions as the investors went for profit-taking apprehending that the market might fall next week should the budget fail to offer any stimulus. The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,028.12 points, losing 0.49 per cent or 19.91 points on Thursday.
3,00,000 new taxpayers likely this year: Muhith
Around three lakh new taxpayers would be enlisted in the next fiscal year, hoped finance minister Abul Maal Abdul Muhith. ‘The number of taxpayers was 6.45 lakh actually in 2007-2008; this will surpass 11.64 lakh in 2012-2013 and yet, I stick 90 to the target of 30 lakh new
PSI to become optional in 2013-14 FY
The pre-shipment inspection system will be made optional in the 2013-14 financial year as the government will introduce customised software for classification and valuation of imported goods in customs. Finance minister Abul Maal Abdul Muhith in his
Fisheries, livestock sector to get more
An allocation of Tk 1,062.66 crore was proposed in the new budget for development and non-development programmes for the ministry of fisheries and livestock for fiscal year 2013-14, which is about Tk 112.93 crore more than the figure for outgoing fiscal. Finance minister AMA Muhith said the contribution