DHAKA: Finance Minister AMA Muhith proposed to rationalize the duty and tax slabs and facility was given to new hybrid vehicles in a limited manner in the budget of fiscal year 2014-15. It is proposed to unify the existing two slabs of 1,501 to 1,750 CC and 1,751 to 2,000 CC motor cars

DHAKA: In his budget speech in the parliament, Finance Minister AMA Muhith proposed to keep tax free income slab the same at Tk 220,000 per annum while he also proposed doubling the tax rate on high earners.  The minister said the proposal of keeping tax ceiling unchanged was made

DHAKA: Finance Minister AMA Muhith proposed to allocate Tk 16,462 crore for the Ministry of Defense, including Armed Forces Division for FY2014-2015. In the budget speech on Thursday, AMA Muhith said, they are committed to build a strong and efficient defense force capable of meeting the

DHAKA: Amid the growing number of mobile users across the country, the government has proposed to increase the value added tax (VAT) by 5 percent on imports of mobile phones in proposed budget for 2014-15 fiscal. The government is also likely to impose a fixed tax of Tk 100 on the supply

DHAKA: A total of Tk 19,095 crore has been allocated for agricultural in the 2014-15 FY for the development of agriculture sector of the country. The sector includes Agriculture (Tk 12,390cr), Fishery and Animal Resources (Tk 1,344cr), Environment and Forest (Tk 911cr), Land (Tk 831cr)

DHAKA: The government has allocated Tk 11,540 crore in the proposed budget for 2014-15 fiscal for the development of power and energy sector. Finance Minister AMA Muhith made the proposal while placing the budget for the next financial year before the parliament on Thursday afternoon.

DHAKA: The government Thursday proposed a Tk 250,506 crore budget for 2014-15, fixing the target of attaining a higher GDP growth of 7.3 percent in the financial year. Finance Minister AMA Muhith proposed the budget with Tk 67,552 crore deficit which is 5 percent of GDP and over a fourth

DHAKA: The cabinet approved the proposed budget of the fiscal year 2014-15 in a meeting at Jatiya Sangsad secretariat on Thursday noon.   This will be the first budget of the incumbent Awami League-led government after it assumed power in January this year.   The size of the budget

DHAKA: Finance Minister AMA Muhith placed the 43rd national budget in parliament expressing his hopes to be able to steer the economy out of the present pressures and problems.   Click Here to read the full budget speech of the minister   BDST: 1400 HRS, JUNE 05, 2014

DHAKA: Finance Minister AMA Muhith started placing the 43rd national budget for Fiscal year 2014-15 in the Parliament on Thursday afternoon.   This budget is the first of the incumbent Awami League government in its 2nd successive term after the January 5 general elections, while the

DHAKA: The tax-free income limit for country’s freedom fighters, women and senior citizens might be increased in the budget for the fiscal year 2014-15.  Finance Minister AMA Muhith came up with the assertion in an interview at a national daily. “The tax-free income ceiling for men

DHAKA: Country's stock market marked fall again in its price indices on Thursday.   The broad index of Dhaka Stock Exchange, DSEX, shed over four points only to stand at 4,396 at the close on the last trading day of the week.   Trade deals stood at 89949 with volume of transactions

DHAKA: Finance Minister AMA Muhith said there would remain the scope for whitening black money in upcoming budget, which is set to be announced on Thursday afternoon. The finance minister came up with the assertion while addressing an interview at a national daily. Muhith, also the

DHAKA: The national budget for the fiscal year 2014-2015 is going to be placed before the parliament on Thursday afternoon.   Finance Minister AMA Muhith is to place the budget, which will be the 8th as the finance minister, for the 2014-15 Fiscal Year at 3:30pm.  The size of the

DHAKA: Detailed Area Plan (DAP) review committee has approved three residential projects for army, police and bureaucrats. The committee has approved the implementation of army proposed residential project called ‘Jalsiri’. Besides, a proposed residential building called

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Wednesday. The DSE broad index shed over 17 points to stand at 4,401 at the close on the fourth trading day of the week. Trade deals stood at 82,227with transaction at Tk 4,086 million. Of the

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The broad index of Dhaka Stock Exchange, DSEX, rose over 28 points to stand at 4,446 at  11:20am. Trade deals stood at 14807with transaction at Tk 937 million. Of the issues traded, 128

DHAKA: Bangladesh Bank deputy director Mostafizur Rahman has been detained once again with Yaba tablets. Regarding the matter, the central bank of the country, on Tuesday, sent letter to police seeking details information about the detainees. Sources said that deputy general manager of

DHAKA: World Trade Organization (WTO) Director General Roberto Azevedo on Tuesday said it can not pressurize rather take initiatives to get Generalized System of Preferences (GSP) in US. Roberto came up with the remarks while briefing the journalists after paying a courtesy call on

DHAKA: Bangladesh has been elected as the deputy member of the International Labour Organization (ILO) governing body for 2014-2017 tenure.   Bangladesh bagged 234 votes, says Labour Ministry Secretary Mikhail Shipar from Geneva through short message service (SMS).  ILO is a United