National,Front Page
The government has finalised nine new sectors, including mobile banking, in calculation of Gross Domestic Product (GDP) as the size of the economy is expanding. "We've planned to place these sectors in the next Executive Committee of the National Economic Council (ECNEC) meetin...
The country will get a new income tax law in Bangla soon as the revenue authorities have finalised the draft law for the cabinet's approval by December 15 this year.The new income tax law 2022 would replace the Income Tax Ordinance -1984, said an official of the National Board of Revenue (NBR).&...
National,Back Page
Disbursement of farm credit soared to a record 11 percent in the first three months of the current fiscal year (FY22) showing a sign of strong recovery of the agricultural sector from Covid-19 pandemic that hit hard the agro production. Banks disbursed Tk 5,210 crore in the first three months ...
Bangladesh has received investment proposals worth US$1.0 billion from China, Japan, India, South Korea as the global economy has bounced back strongly overcoming the Covid-19 fallouts.The increasing number of investment proposals for the country, after successfully tackling the Covid-19 situat...
Streamlining of VAT (value added tax) collection through installing electronic fiscal devices (EFD) has become slow as the small traders are unwilling to pay Tk 20, 533 for installation of device at their business establishments.Sources said small traders in the capital and business city Chattogram ...
The sale of savings certificates has started to decline due to cut in interest rates and Covid-19 and also because of the sale of savings certificates worth Tk 5,365 crore in the first month of the current fiscal year. This figure is about 38 percent less than that of the same period last year....
Apparel exporters have started getting benefits from the relaxation of restrictions in Customs rules allowing re-export of products returned by foreign buyers to Bangladesh within one year from the date of send-back.Now exporters are re-exporting the returned apparel products as the customs authorit...
To mark the Birth Centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, the authorities concerned have embarked on establishing five schools abroad for the children of Bangladeshi expatriates. In the Middle East and Europe those schools will be established titled 'Bangaba...
Bank & Insurance
Banks and financial institutions have started disbursing low-cost loans under the central bank’s 'Small Enterprise Refinancing Scheme' among female entrepreneurs.As per the Bangladesh Bank guideline, banks and financial institutions can take money from the scheme at 0.5 per cent intere...
Overall credit flow to industrial sector is on rise as a total of Tk 1,07,241 crore has been disbursed in the sector in the April-June quarter of this year, up by Tk 32,984 crore or 44.42 per cent from the same period of the last year.In the same period in 2020, the amount distributed in the industr...
Tech Post
The government has planned to hold spectrum auction for the 5G (fifth-generation) allotment among mobile phone operators in December this year as per its pledge of the Election Manifesto of 2018."The auction of 5G will be held in December this year as the government has promised to launch the s...
The year 2022 will be a landmark for the country’s road, rail communication system, opening up a new scope to boost economic growth, experts say.The much anticipated three mega projects - Padma Bridge, Metrorail and Karnaphuli Tunnel – are going to be completed next year, bringing hopes ...
Bangladesh Export Promotion Bureau (EPB) is going to organize the month-long Dhaka International Trade Fair (DITF) from January 1, 2022 at the newly constructed Bangladesh-China Friendship Exhibition Center in Purbachal.The Ministry of Commerce gave the EPB permission to host the mega event on Monda...
Country's three main land ports -- Hili, Burimari and Banglabandha will be equipped with modern facilities and infrastructures to boost imports and exports and thus increase revenue collection.Sources said, the National Board of Revenue (NBR) is going to implement a project of Tk 80.61 crore und...
Business,Back Page
The government has planned to extend tenure of the Tk 900 crore fund of Bangladesh Bank (BB) to support the small investors of the capital market.The fund was set up in 2013 to help the small investors affected by the 2010 collapse of the share markets.The decision was taken at a recent meeting of t...
The National Board of Revenue (NBR) has expedited its move to realize revenue worth Tk 3,000 crore that has remained stuck in 6,626 unsettled cases over the years.Sources said, NBR chairman Abu Hena Md Rahmatul Muneem instructed Customs Excise and VAT Appellate Tribunal to take immediate steps to di...
The central bank has launched a Tk500crore re-financing scheme this week to help assuage the low-income people from the impact of the Covid-19 pandemic.A group of people including small and micro-entrepreneurs and professionals, blacksmiths, potters, fishermen, landless farmers, hawkers, shopkeepers...
The government has recently allocated a fund of Taka 346.55 crore for implementation of second phase of ‘Samannita Palli Karmasangsthan Sahayata Prakalpa’ to increase participation of rural women in income generating activities. A savings fund of Taka 3,000 per head for the woman b...
Amid the repeated cyber-attacks and threats, the country’s banks are now increasing their allocation to intensify their online securities.The allocation for security in the Information Technology (IT) sector of the country's banks has increased around 4 percent in a year due to dealing wit...
Country's economy is waiting to see a significant stride as five foreign industries are ready to go into production in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) soon. Covid-19 pandemic situation had slowed down the pace of the construction work of dozens of industries in this largest ec...
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