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It will be budget for the people, says agriculture minister

The national budget for 2021-2022 Fiscal Year (FY) should focus more on equity, redistributive justice, protecting jobs, saving lives, and less on economic growth, said the Centre for Policy Dialogue (CPD).

This requires increasing decentralized government projects and focusing on the desired development of the private sector and SMEs

The National Board of Revenue is set to miss its revenue collection target in the outgoing fiscal year 2020-2021 despite a moderate growth in collection in the first 10 months of the year due mainly to the Covid outbreak-induced sluggish economic activities and an ambitious target set for the year.

The country’s trade deficit rose by 21.12 per cent or $3.1 billion year-on-year in the July-April period of the current fiscal year 2020-21 amid a higher import payment growth against export earnings.

The Commerce Ministry claims that it has approved the price hike after reviewing the international edible oil market price

A development agreement was signed between Bangladesh Economic Zone Authority (BEZA) and Bangladesh Export Processing Zones Authority (BEPZA) to set up a ‘BEPZA Economic Zone’ in Bangabandhu Sheikh Mujib Shilpanagar (BSMSN).

The Bangladesh Bank on Sunday extended the bank transaction hours by half an hour till 3:00pm for the extended period of Covid restrictions.

Tech giants Google and Amazon acquired Business Identification Number from the National Board of Revenue last week to run their business in Bangladesh while ensuring value added tax compliance.

The National Board of Revenue has formulated customs rules to facilitate the movement of Indian goods via Bangladesh to northeast India and other countries under the transit and transhipment deal signed by New Delhi and Dhaka.