Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded three percent cash incentive for the garment sector in the budget for 2019-20.
Read More »NBR still not ready to collect VAT through EFDs
An EFD is a device which procures the digital record of every sale and instantly sends the data to a central server automatically, so as to prevent any chance of manipulation
Read More »India to impose retaliatory tariffs on 28 US goods from Sunday
India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi.
Read More »ABAK project infuses momentum into fight against rural poverty
‘Ekti Bari Ekti Khamar’, one of the ten priority initiatives of Prime Minister Sheikh Hasina, designed to bringing country’s poverty rate zero, has got momentum after refreshing the project as ‘Amar Bari Amar Khamar ‘ aimed at attaining SDGs by 2030.
Read More »US Fed leans toward a cut; don’t expect one this week
As President Donald Trump’s trade wars drag on, and the global economy weakens, the US Federal Reserve is inching closer to its first interest rate cut in more than a decade.
Read More »American paradox: Deficit widens even as economy grows
President Donald Trump likes to take credit for the US economy, with historic low unemployment and few signs of rising prices, but his promises that surging growth would pay for massive tax cuts are falling flat.
Read More »Highlights of budget for FY20
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:
Read More »Higher revenue target to trouble taxpayers: MCCI
The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said on Friday the higher revenue collection target would create pressure on existing taxpayers.
Read More »Defiant pvt banks to face stern actions: PM
Prime Minister Sheikh Hasina warned Friday of stringent measures against private banks who are defying the directive to lower the interest rate to single-digit. “We’re always in favour of single-digit rate of interest,” she said.
Read More »Online shopping to be costlier for proposed 7.5% VAT
E-CAB members to hold emergency meeting on Saturday Online shopping is set to get costlier as the government has proposed imposing 7.5% value added tax on the sector in the proposed budget for the 2019-20 fiscal year.
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