Sohel Parvez is the Business Editor of The Daily Star.
The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.
The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from the OBUs amounting to up to 40 percent of their regulatory capital to settle payment obligations.
The government is expanding the size of the national budget every year. However, it has fallen short of attaining its targets over the years, be that in terms of revenue collection or development expenditure.
Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.
To many, especially salaried and fixed-income individuals, this means they will have no option but to find ways to cut expenditures to bear increased electricity bills.
The two made Tk 333 crore profit in nine months
After parking his motorcycle and removing his helmet, a young biker opened a red umbrella and stood on the footpath.
Yesterday, the price of coarse grain, the benchmark variety, was 6.25 percent higher year-on-year, reaching Tk 50 to Tk 52 per kilogramme at retail markets in Dhaka.
The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.
The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from the OBUs amounting to up to 40 percent of their regulatory capital to settle payment obligations.
The government is expanding the size of the national budget every year. However, it has fallen short of attaining its targets over the years, be that in terms of revenue collection or development expenditure.
Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.
To many, especially salaried and fixed-income individuals, this means they will have no option but to find ways to cut expenditures to bear increased electricity bills.
The two made Tk 333 crore profit in nine months
After parking his motorcycle and removing his helmet, a young biker opened a red umbrella and stood on the footpath.
Yesterday, the price of coarse grain, the benchmark variety, was 6.25 percent higher year-on-year, reaching Tk 50 to Tk 52 per kilogramme at retail markets in Dhaka.
On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.
The central bank has already unveiled a framework to address vulnerabilities in the banking sector, rein in non-performing loans (NPLs) and punish wilful defaulters.