National,Back Page
In the latest move the government has cut paying valued-added tax (VAT) on 4G licence issuance and renewal fees by mobile phone operators.The reduced rate of VAT has been fixed at 7.5 per cent from the existing 15 per cent on licence issuance and renewal of 4G mobile operation. The measure was taken...
National,Front Page
Bangladesh Bank has introduced an electronic system to expedite implementation of the stimulus package for Cottage, Micro, Small and Medium Enterprises (CMSMEs) that are facing financial hardship in coping with the impact of the Covid-19 pandemic.The central bank's move came against the backdrop...
The government has been working to set out a strategy for the country’s missions abroad to boost the export, and a committee has already been formed in this regard, talking to the Bangladesh Post foreign minister Dr AK Abdul Momen said Sunday.About the dismal performance of some missions, the ...
In all cases, there is a clear mention in the Constitution about the obligation to introduce the Bengali language in all spheres of life.There are also directives of the High Court to introduce Bangla and prevent its use in distorted forms.But these provisions and instructions are not being obeyed o...
Although the Language Movement reached its peak on February 21 in 1952, some students embraced martyrdom on that day, Bengalees had started raising voice for establishing `Bangla" as the state language long before.In 1911, at the Provincial Education Conference held at Rangpur, Syed Nawab Ali c...
The government plans to increase allocation for different aspects of women empowerment in the coming budget for fiscal year 2021-22 (FY22) as part of its commitment to ensure equal and active participation of women in the mainstream socio-economic activities. "We're planning to ...
The moratorium facility on the repayment of loan instalments ,extended to help businesses and individuals over the economic fallout of the global coronavirus pandemic, will not be further extended , according to the Bangladesh Bank.But borrowers of term loans will get more time to pay their instalme...
With the country's cottage, micro, small and medium enterprises (CMSMEs) struggling to overcome the impact of Covid-19 pandemic, economists and trade body leaders suggest taking some measures, including timely disbursement of funds from incentive packages and tax concessions for the revival of t...
Country's Non-Bank Financial Institutions (NBFIs) continued to perform better despite the Covid-19 pandemic as indicators showed significant growth in deposits and disbursement of loans as well.These financial institutions grew by Tk 1420.47 lac or 3.28 percent to Tk 4468475lac during July-Septe...
The National Board of Revenue (NBR) plans to go tough against tax-evading companies especially against the companies which have submitted fake audit reports to conceal their real income and expenditures. Sources said the department concerned of the NBR has started working to scrut...
A syndicate of traders was responsible for the recent rise in prices of essential commodities like rice, onions and potatoes as it had been in control of the supplies due to weak market monitoring system.The revelation has come to light in a recent Bangladesh Agricultural Research Council (BARC) rep...
The country's real estate business has started bouncing back like other sectors as instalment collection on previous sales is steadily picking up, thanks to the government's policy and financial support. Sources said both the sales and the instalment collection witnessed a rise over the...
Bangladesh Bank (BB) plans to go for a sector-wise review to have a clear picture about the use of stimuli packages as there are allegations that these concessional loans are not being used in line with the government's targets.Central bank sources said an outline has already been prepared for r...
Small and medium enterprises (SMEs) in the country have sought tax concessions for a limited time to cope with Covid-19 fallouts as these business entities have been struggling to survive amid the deadly virus pandemic due to inadequate access to financial assistance from the government.Trade body l...
Business,Front Page
No-frills accounts are increasingly becoming popular in the country as the number of such bank accounts grew 8.48 percent to over 2.2 crore in the July-September period of the current fiscal year, beginning on June 1. The increase has been attributed to government policy to bring disadvantaged ...
Economists and experts hailed the Bangladesh Bank move to constitute a nine-member committee to detect the flaws in loan approval, disbursement and collection in the banking sector.They said the committee must be formed in a transparent way and with people having in-depth knowledge and expertise in ...
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