Tk 100 flat tax on SIM replacement proposed Finance minister Abul Maal Abdul Muhith has proposed 5 per cent increase in import duty of mobile handset and Tk 100 flat tax on SIM replacement in the 2014-15 national budget. The finance minister also proposed to reduce supplementary duty on SIM card to 15 per cent from ... Read more
Month: June 2014
Host of incentives make Businesses happy
Businesses stressed good governance for implementation as they welcomed the proposed budget for the next fiscal year 2014-2015 as the government announced a host of incentives for them. The finance minister, AMA Muhith, in his proposed budget virtually passed the tax burden to individual taxpayers from the businesses as he, for the first time,
Green tax proposed on polluting industries
Price slab, tax incidence on tobacco products up Finance minister AMA Muhith on Thursday proposed to introduce ‘environment protection surcharge’ or ‘green tax’ on ad-valorem basis on all kinds of products manufactured in the country by the industries which pollute the environment. Industrial development is needed but it cannot
Duty exemption to make RMG units compliant
Finance minister Abul Maal Abdul Muhith on Thursday proposed duty exemption on raw materials necessary for the manufacture of prefabricated buildings and all fire equipments to make the country’s garment factories compliant. He also proposed deduction of tax at source on cash incentive and duty waiver on some raw materials used in textile industry.
Tax holiday for industries be extended to 2019
Muhith proposes corporate tax cut for non-listed cos Finance minister AMA Muhith on Thursday proposed to extend tax holiday to June 30, 2019 from the existing June 30, 2015 for the industrial and infrastructure sectors and to reduce corporate tax on non-listed companies to 35 per cent from 37.5 per cent. He also proposed to ... Read more
Tax rebate for industries in least developed areas
Finance minister Abul Maal Abdul Muhith on Thursday proposed to set tax rebate at 20 per cent for the industries newly established in the least developed areas of the country and for those which will be shifted to the areas between July 1, 2014 and June 30, 2019 for the next 10 years from the ... Read more
Tk 3,000cr again for limping PPP initiatives
The government has again carried forward Tk 3,000 crore for public-private partnership initiatives in the budget for next financial year 2014-2015 from the current FY as there has virtually been no implementation of the projects. Finance minister AMA Muhith in his speech for the proposed budget in the parliament on Thursday said 34 projects under
Demutualised Dhaka, Ctg, bourses to get 5-year tax holiday
The Dhaka and Chittagong stock exchanges will get tax exemption facility for the next five years as they have become profit-oriented entities after demutualisation. Finance minister AMA Muhith made the announcement while placing before parliament the proposed budget for the fiscal year 2015-2014 on Thursday.
Helen Mirren wins Glamour Icon award
Dame Helen Mirren won the Icon award at the annual Glamour Women of the Year Awards in London on Tuesday night, reports India Today. The Oscar-winning actress, 68, was thrilled to be presented with the prize by Ryan Reynolds, with whom she is currently filming The Woman In Gold, and used her moment on stage ... Read more
Boost is the secret of Sakib!
Bangladesh all-rounder Sakib al Hasan took little time to jump into promotional activities after he returned from India on Wednesday following a successful stint in the Indian Premier League. Sakib flew to Chittagong in the afternoon after his arrival to participate in a programme of Boost, an energy drink for children, of which he is the ... Read more
BFF scarps Feni venue
The Bangladesh Football Federation scrapped the Shahid Salam District Stadium in Feni as the Bangladesh Premier League venue on Wednesday after it found no significant improvement to the facilities. The stadium, home of Feni Soccer Club, had been hosting the BPL matches since 2010. Feni, who face relegation with 11 points from 18 matches, played the first
Economic woes mount for unrest, uncertainty
State Of Economy Fy2013-14 Economic woes mount for unrest, uncertainty The government announces the national budget for the fiscal year 2014-2015 of around today against the backdrop of severe economic constraints in the outgoing fiscal year in which political unrest in the first half and uncertainties in the second half dragged down the key economic ... Read more
Every dists to have hi-tech parks: PM
The prime minister, Sheikh Hasina, on Wednesday said the government would set up high-tech parks in every district in phases for flourishing information technology at every corner of the country. She informed this while inaugurating the 4-day Digital World 2014 at Bangabandhu International Conference Centre in the morning. Sheikh Hasina said the
BB to set simple rate of interest for agriculture loan
Bangladesh Bank will set simple rate of interest on farm loan instead of existing compound rate of interest in a bid to save the farmers from the burden of bank interests, said officials of the central bank. The BB will receive the relaxed rule in its upcoming agriculture and rural credit policy and programmes for financial ... Read more
BASIC Bank suspends Gulshan branch manager
BASIC Bank Ltd has suspended its Gulshan branch manager ASM Waliullah for his alleged involvement in financial corruption. An office order on the suspension of the manager was issued on Wednesday, a high official of BASIC Bank told New Age. He said that the senior management of BASIC Bank
BSEC plans special audit of Wata after price hike
The Bangladesh Securities and Exchange Commission on Wednesday informed the Dhaka Stock Exchange that the commission might launch a special audit of Wata Chemicals following an unprecedented rise of its share price, said officials. The commission conveyed the message when
Dhaka stocks fall ahead of budget announcement
Dhaka stocks declined for the third day on Wednesday as investors were selling shares as precaution to avoid massive losses if the market reacts negatively to the 2014-15 fiscal year budget to be announced today. DSEX, the benchmark general index of Dhaka Stocks Exchange, lost 0.40 per cent or 17.78 points, to close at 4,401 points. The ... Read more
Dhaka Bank donates Tk 1.2cr to KURDCH
Dhaka Bank on Wednesday donated Tk 1.2 crore to Khulna University & Rotary District Community Hospital under its CSR initiatives at a programme in Dhaka. Bangladesh Bank governor Atiur Rahman was present at the event as chief guest, said a news release. Dhaka Bank chairman Abdul Hai Sarker, directors, and
GP, BASIS join hands to promote internet for all
Grameenphone, the country’s leading telecom service provider, and Bangladesh Association of Software and Information Services, the national trade body for software and IT-enabled service industry, signed a memorandum of understanding to promote internet for all in the country. The agreement was signed during a ceremony as
Film activists criticise Children of War
The much talked about Indian film Children of War has yet again found itself amid controversy as local film activists, journalists and intellectuals voiced their criticism about the film. The criticising remarks came at a roundtable discussion that was organised by Movieyana Film Society at the Munier Chowdhury Hall of TSC on Monday afternoon. Directed by ... Read more