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Textbook printers, paper importers, merchants, and press owners yesterday called for cutting the import duty of a number of intermediary products used in the industry from 25 percent to 5 percent to help them keep businesses afloat and restore discipline in the sector.

India’s federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector, two sources told Reuters.

Leaders of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) have promised to make a “peaceful and prosperous” Bay of Bengal region on the 22 years of inception of this grouping of seven countries.

A top RBA official has said a recent cut in interest rates would not be enough to revive economic growth, an unusually blunt declaration that led markets to narrow the odds on another easing as early as July.

The budget proposal to keep the tax-free limit for individual taxpayers unchanged has evoked mixed reactions among business people and economists.

The National Board of Revenue will collect at least Tk 11,000 crore in additional taxes from the reserves of the listed companies if the Finance Bill 2019 that was placed with the budget proposal is passed, according to a Dhaka Stock Exchange analysis.

The government placed Tk.5.23 trillion budget for the fiscal year (FY) 2019-20 in the parliament on Thursday. Some highlights of the proposed budget are given bellow: