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Category Archives: Budget News

Muhith plans Tk 4,20,000 cr budget for next fiscal Finance Minister Abul Maal Abdul Muhith on Sunday said the outlay of the budget for the coming 2017-2018 fiscal could be as high as Taka 4,20,000 crore. “We projected that the next budget outlay Taka 4 lakh crore but I want to take it Taka 4.20 lakh crore,” he told journalists after a pre-budget meeting with leading financial watchdogs ... Read More »

AL shows Tk 33 m surplus, BNP suffers fund deficit The country’s two major political parties, the ruling Awami League (AL), and Bangladesh Nationalist Party (BNP), submitted their financial statements to the election commission (EC) on Tuesday.  In its statement, the ruling AL has shown a surplus of Tk 33.8 million after the calendar year of 2015. The party earned almost Tk 71.2 million in 2015 and spent almost ... Read More »

Report of tax for over Tk 3 lakh in bank is baseless: NBR chairman

NBR Chairman Nojibur Rahman has brushed aside news reports that citizens would have to pay tax for having over Tk 300,000 in banks as ‘rumours’, reports The National Board of Revenue chief told on Monday that no such provision or order had been included in the budget or finance bill proposed by Finance Minister AMA Muhith for the ... Read More »

Coastal MPs demand embankment not relief

roundtable In a round-table jointly organised by the Chairman Parliamentary Standing Committee on Ministry  of Forest and Environment and COAST Trust in the conference room of Parliament Media Center on Wednesday  on  “Climate Change Impact, Recent Cyclone and Save Coast” around 35 coastal Member of Parliaments (MP) said that they need embankment to protect coastal people, lands and livelihoods, not ... Read More »

FBCCI demands withdraw taxes on e-commerce The government should provide financial and policy supports to IT business and e-commerce as the sector has the potential to register robust growth, FBCCI President Abdul Matlub Ahmad said yesterday. “Currently, Bangladesh is the second largest apparel exporter in the world. The garment sector could reach this stage because of the government’s long-term policy support and financial incentives,” he ... Read More »

Rights groups term allocation for agriculture in budget as suicidal

HR mono  A group of rights based civil society organisations have termed the proposed allocation for the agriculture sector in the national budget of 2016-17 as inadequate and inefficient. They said,  the budget don’t have specific and effective measures to face the national and global challenges  of the farmers of Bangladesh. They also demanded a Just Price Commission to ensure just ... Read More »

Equity and Justice Working Group BD criticize budget  Equity and Justice Working Group Bangladesh (EquityBD), a network of right- based civil societies, farmers, labourers and NGOs  has organised a press conference at National Press Club in the city on “ Budget  2016-17 recently. At  the press conference speakers criticised the proposed national budget  as a budget of inequality and injustice and  they urge for free and fair ... Read More »

FBCCI alleges bribe charge by NBR officials


Apex trade body FBCCI has levelled bribery charges against National Board of Revenue (NBR) officials while giving its reaction to the 2016-17 budget a week after its presentation, reports FBCCI President Abdul Matlub Ahmad said in a media conference on Saturday that NBR officials were not eager to raise revenue collection. “Many of them say: ‘Why pay the government? ... Read More »

Proposed budget investment-friendly, MPs in JS say

JS Correspondent Treasury bench members on Wednesday  described the proposed national budget for the fiscal year 2016-17 as time-befitting, pragmatic and investment-friendly which would bring benefit for the mass people. Taking part in the general discussion on the proposed budget in parliament,they said the budget is not ‘ambitious one’ rather it is a poor-friendly. They said if all concerned put ... Read More »

Rights group criticizes govt for neglecting coastal people in budget Economic Reporter :Civil society, labour and farmers organizations in a joint rally and human chain on Saturday in front of National Press Club, criticized the Finance Minister and the govt. saying the proposed national budget 2016 – 17 was blind to the 40 millions coastal people and their 24 districts, says a press release. They said that there was ... Read More »