6:22 pm - Thursday January 23, 2020
Browse Category

Economy

Survey at sub-registry offices from next year

nbr 222
The National Board of Revenue (NBR) has initiated a move to scrutinize the proper use of Electronic Tax Identification Number (ETIN) while buying or selling of flats and land as well as to ascertain the actual value of those. nbr 222The income tax officials under various intelligence units of different tax zones would conduct surveys at the sub-registry offices from the beginning of the next year to this end. Talking to the BSS, NBR member (tax survey) Meftah Uddin Khan said that the ETINs are not often shown properly while...

Google new app helps jobseekers in BD

google
Google is working with a startup that helps Bangladeshis find jobs online. Through Area 120, a workshop for experimental products, Google has been working with a new app called Kormo, which matches jobs to jobseekers within the informal economy. The app went live about a year googleago in Dhaka and has already matched over 21,000 jobs to Bangladeshi users. Kormo, which means “work” in Bengali, focuses on jobs in unregulated forms of employment. The Kormo team is now headed by Bickey Russell, who previously headed a team in Goo...

Cabinet Okays draft of revised agriculture policy

Cabinet
The cabinet today approved the draft of a revised National Agriculture Policy eying to benefit farmers and attaining food and nutrition security for the people. The cabinet approval came at its weekly meeting at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair, reports BSS. “The policy has been framed by upgrading the previous policy of 2013 . . . its prime goal is to make the agriculture sector safe and profitable and attain food and nutrition security,” Cabinet Secretary Md Shafiul Alam told a news briefing after the meeting, simultaneously approved in principle the draft of Bangladesh Shishu Academy Act.

Tk 4,64,573cr budget for FY19 setting 7.8pc growth target

Budgte 19
Finance Minister Abul Maal Abdul Muhith today rolled out a Tk 4,64,573 crore national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 percent and outlining a set of plans-strategies to build a prosperous, happy and peaceful country. “Our main objective of budget preparation is to alleviate poverty, reduce inequalities and bring basic and qualitative changes in people’s living standard. Regional parity, human resources development, infrastructure development as well as assuring quality of expenditure are focused in allocation of resources,” said the finance minister while placing the proposed budget

7 mega projects to get Tk 29,675cr in FY19

Mega Projects
Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018-19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects, reports BSS. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury told BSS. The mega projects are Padma Multipurpose Bridge, Padma Bridge Rail link, Dohazari-Cox’s Mega Projects

New instructions for existing bank credit

bb
Bangladesh Bank (BB) on Wednesday issued new instructions for banks to avoid the increasing trend of lending rate. “Banks can’t increase the rate of interest if the rate is fixed. In case of flexible, variable or bbfloating interest rate, banks can increase the rate once in a year,” said a BB circular issued Wednesday. For increasing the interest rate, the circular said, banks will have to issue notice to the borrowers at least three months ago. In case of term loans, banks can increase the lending rate by 0.50 percent each time. But,...