Real-Estate & Infrastructure

Twenty-four per cent of the taxpayer identification number holding physicians in the capital Dhaka has failed to submit their income tax returns for the fiscal year 2021-22, according to the National Board of Revenue. Of the 35,000 TIN holding physicians, 26,611 submitted their returns by the January 2 deadline. The …

Editors yesterday urged the government to bring down the corporate tax for newspapers to 10-15 per cent from the fiscal year of 2022-23 to help the print media survive amid rising costs. Currently, the newspaper industry has to pay 30 per cent corporate tax. The editors also demanded a reduction …

Transparency International Bangladesh today (May 20, 2022) called upon the government to form an independent “Economic Strategy Advisory Committee” to advise on ways to address the potential global economic fallout and ensure continued commendable economic performance achieved so far. The call comes against the backdrop of the impending global economic …

The government knew who were responsible for the recent acute shortage of soybean oil but did not enforce the law as it would have made the situation even more volatile, said the chief of the consumer rights body yesterday. Five to six businesspeople are controlling the whole market and it …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said the government is encouraging investment in power and energy sector. “A policy guideline for the private sector has been drafted and through this, the national grid can be use on commercial basis,” he told a session of Asia …

The Cabinet Committee on Government Purchase (CCGP) today approved eight proposals, including 33.60 lakh MMBtu LNG import to meet the growing demand. The approval came from this year’s 16th meeting of the CCGP held virtually with Finance Minister AHM Mustafa Kamal in the chair. Briefing reporters virtually after the meeting, …

Bangladesh Energy Regulatory Commission (BERC) will hold hearing today on the proposed power tariff and find sources of subsidy. Power Division sought waiver of 34 percent VAT on import of HFO to reduce the cost of electricity generation. “I didn’t find the sources of subsidy in the previous report of …

Small and light engineering industries in Saidpur have helped the railway town emerge as a hub for producing valuable machinery and spare parts consumed by various sectors, thus cutting dependence on imports, saving foreign currencies and generating jobs for thousands. There are 500 large and small workshops in Saidpur under …

The National Board of Revenue (NBR) has been failing to achieve tax collection targets since the fiscal year of 2012-13 because of lofty goals set by the government and the absence of major reforms. In the current fiscal year, the tax administration is likely to miss the collection target once …

Although processed milk prices are rising at the retail level, farmers are yet to see any benefit as there is no sign of an increase on their end. The higher cost of feed and other inputs, including transportation, has inflated liquid milk prices in different areas in the Dhaka city. …