Thursday, February 29, 2024

FBCCI welcomes ‘business-friendly’ budget

The FBCCI, the country’s apex trade body, has lauded the proposed budget as realistic and implementable, adding the caveat that the implementation of the budget would hinge on political stability, good governance, and rule of law. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), however, pointed out that too much reliance on bank ... Read more

CPD dubs budget ‘a surrealistic one’

The Centre for Policy Dialogue (CPD) on Friday expressed its scepticism about implementation of the budget, given the unrealistic growth and revenue targets against the backdrop of sluggish revenue performance. Terming the proposed budget “a surrealistic one”, the civil society think-tank said there was no realistic match between expenditure and revenue

IOJ terms next budget ‘ambitious, unrealistic’

Terming the proposed budget for fiscal 2013-14 as highly ambitious, unrealistic and pro-election, Islami Oikya Jote chairman Abdul Latif Nezami said it has given emphasis on party politics and next parliamentary polls, which make people frustrated. In his reaction on Friday, he said despite the failure in increasing revenue collection in the current fiscal (2012-1)

Prices of land, apartment to rise further: economists

Economists on Friday said the prices of land and apartment which were already high would rise further in the coming days as the government in its proposed budget gave unabated opportunity of legalising undisclosed money by investing in the real estate sector. According to the proposed budget for the fiscal

Muhith budget tows populist line in poll year

Finance Minister AMA Muhith, on Thursday, unveiled a Tk. 222,491 crore populist budget for the 2013-14 fiscal year, in Jatiya Sangsad, by avoiding imposition of any significant tax burden and by expanding social safety net programmes. The budget, having a deficit of 4.6 per cent, eyes 7.2 per cent GDP growth for the next fiscal ... Read more

Budget in the eyes of leading economists

Prominent economist Mirza Azizul Islam has described the prevailing political uncertainty in Bangladesh as the main hurdle in achieving the goals prescribed in the budget proposals placed before Parliament on Thursday. “If the present political uncertainty is not resolved, most of the goals prescribed in the budget proposals are not likely to be achieved. We ... Read more

FBCCI calls budget ‘growth-oriented’

Terming the proposed budget for the fiscal year 2013-14 as growth-oriented, investment and business-friendly, Bangladesh’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said that the implementation of the budget would largely depend on the country’s political stability. Finance minister AMA Muhith presented the

People’s aspirations, hopes not reflected in budget: BNP

Opposition Bangladesh Nationalist Party has said the hopes and aspirations of the people have not been reflected in the proposed budget for fiscal 2013-14. Giving an instant reaction to reporters at the media centre at Parliament soon after the placement of the national budget for fiscal 2013-14, BNP leader MK Anwar said the prices of ... Read more

Pay more for smoking: Bidi tax up, cigarette costlier

After four years, the government has decided to increase tax on biri. Cigarette price has also been increased in the current budget. Rate of supplementary duty (excise tax) on biri has been increased from 20% to 30%. Moreover, the ‘tariff value’ (used as the base price for taxation) has been hiked from Tk. 3.16 to ... Read more