DHAKA: Finance Minister AMA Muhith has proposed 4 percent VAT on online trading of goods and service.While placing budget for 2015-16 fiscal year, the minister said, “Trading of goods and services online is now being recognized and established as a very popular mode. Although this

DHAKA: Finance Minister AMA Muhith proposed 25 percent tax for publicly trading companies which is currently 27.5 percent.During budget speech, he said, “The target set for collection of income and corporate tax in FY 2015-16 is Tk. 65 thousand 932 crore.”Besides, the tax rate for

DHAKA: This year’s budget deficit will be Tk 86 thousand 657-crore, which is 5.0 percent of GDP.According to finance minister AMA Muhith, Tk 30 thousand 134-crore (1.8 percent of GDP) will be financed from the external sources and Tk 56 thousand 523-crore (3.3 percent of GDP) from the

DHAKA: Finance Minister AMA Muhith has declared that the Padma Bridge project, once completed, alone will enhance GDP by 0.56 percent annually accelerating economic activities in the backward south-western region of the country.In budget speech, the finance minister said, “Considerable

DHAKA: Finance Minister AMA Muhith started placing the 44th national budget in parliament expressing his hopes in steering the economy out of the present pressures and challenges.Earlier at noon, the cabinet approved the proposed budget of the fiscal year 2015-16 in a meeting at Jatiya

DHAKA: The government has estimated revenue income for FY2015-16 at Tk. 2 lakh 8 thousand and 443 crore which is 12.1percent of GDP.Of the amount, NBR tax revenue is estimated at Tk. 1 lakh 76 thousand 370 crore (10.3 percent of GDP).According to finance minister AMA Muhith, ‘This

DHAKA: Finance minister AMA Muhith in his budget speech projected GDP growth rate at 7.0 percent for FY2015-16.According to the speech, industry and service sectors on the supply-side and, consumer spending and public and private investment, on the demand-side, will be the drivers of this

Total outlay----------------------- Tk 295,100crRevenue Income----------------- Tk 2,08443crRevenue Expenditure-------------Tk 164, 571crADP--------------------------------TK 97,000crDeficit----------------------------- Tk 86,697crDHAKA: The government Thursday proposed a Tk 2.95 lakh

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Thursday.DSEX, the Broad Index of DSE, rose over 4.58 points to stand at 4591.42 at the close on the last trading day of the

DHAKA: Finance Minister AMA Muhith started placing the 44th national budget for Fiscal Year 2015-16 in the Parliament on Thursday afternoon.He started reading out the budget at 3: 35 pm, which will be the 9th as the finance minister.The size of the budget is likely to be Tk 2.97 lakh

DHAKA: Ahead of placement of budget for 2015-16 fiscal, investors witnessed mixed trend in early hours of trading of the country’s bourses on Thursday, the last trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange (DSE), shed over 0.74 points to stand at 4586.09 at

DHAKA: Finance Minister Abul Maal Abdul Muhith will place the national budget for 2015-16 financial year (FY16) at the National Parliament on Thursday.Size of this year’s budget will be around three lakh crore, higher than the past year’s budget of 2 lakh 50 thousand and 560

DHAKA: A two-day international conference on Bangladesh readymade garment (RMG) sector will be held at Harvard University of the USA.The conference will begin on June 5.Harvard University South Asia Institute and Harvard University Center for the Environment and International Sustainable

DHAKA: Commerce Minister Tofail Ahmed categorically said that the largest readymade garments (RMG) town will be build up in Baushia in Munshiganj district.A Memorandum of Understanding (MoU) is scheduled to be signed between country’s largest RMG owners organization Bangladesh Garment

FROM MALAYSIA: Malaysia, a country with abundant natural beauty, is famous for medical treatment and education. The country has another attraction for many because of its moderate climate.Malaysia is not only developed in Asia but is recognized as a developed nation in the globe. It is

DHAKA: Share price indices at the country’s both bourses –Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – fell down in closing hours of trading on Tuesday, the third trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 34.96 points only

DHAKA: India’s central bank lowered interest rates for a third time this year to spur private investment, and said it’d wait to assess monsoon rains before acting again.Governor Raghuram Rajan cut the benchmark repurchase rate to 7.25 percent from 7.5 percent, the Reserve Bank of

DHAKA: The newly appointed chief executive of loss-making Malaysia Airlines (MAS) said on Monday that the carrier is ‘technically bankrupt’, as he announced plans for a restructuring that will cut the company’s workforce by a third.‘We are technically bankrupt...the decline of

DHAKA: The cabinet on Monday gave its final approval to the draft of Bangladesh Economic Zones Act (Amendment), 2015 keeping a provision to set up economic zones in the country through G2G method.Prime Minister Sheikh Hasina presided over the meeting at the secretariat in city.This