Budget 2014 15
100 economic zones to be set up in 15 years
The government has set an ambitious target of setting up 100 economic zones in the next 15 years, says the finance minister in his budget speech today.
Wage earners offered tax benefit
The government finally takes initiative to develop a bond market in the country.
Source tax withdrawn from bond, bills
The government finally takes initiative to develop a bond market in the country.
VAT exemption for local industries
The government proposes to withdraw value added tax (VAT) on a number of products and services to encourage local industries grow further.
Penalty for polluters
At long last the government means to implement the 'Polluters Pay Principle' by imposing one percent environmental surcharge on polluting industries and providing tax holiday for non-polluting brickfields.
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Luxury cars to be cheaper
Private cars and sport utility vehicles (SUV) will be cheaper, especially the vehicles with engine capacity of above 1,500 CC, while new hybrid cars will be costlier, according to the budgetary proposals.
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Target lower inflation
Everyday essentials have remained expensive for the last one year due to high inflation and the government's little control over local trade cartels whereas international markets have been relatively stable for quite a long time.
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Clear outline for new jobs absent
The proposed budget has no clear outlines on creation of new jobs in local and overseas markets.
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No clear guidelines for ICT
The finance minister did not outline any clear guideline and specific allocation for ICT sector in his budget proposal.
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Gold to get pricier
Gold price may go up as the finance minister has proposed an increase in its import duty from Tk 150 to Tk 3,000 for each tola (11.664 gram).
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