The body of former Finance Minister AMA Muhith reached in Sylhet around 10pm yesterday (April 30, 2022) where people were waiting to see one of the region's proudest sons for the last time.
Over the last 50 years of Bangladesh’s existence, we have seen many finance ministers. AMA Muhith was among those few who this nation will remember for making the job appear joyful and free from the pains of balancing difficult trade-offs amid resource constraints.
Muhith was a freedom fighter and among the earlier diplomats who pledged their allegiance in support of an independent Bangladesh.
Former finance minister AMA Muhith has said his successor faces three major challenges: increasing the size of the national budget, realising more revenue and improving the banking sector.
AMA Muhith yesterday said he would remain as the finance minister for another year, if Prime Minister Sheikh Hasina wanted him to do so.
Both public and private banks have decided to lower lending rates to single digits from July 1 -- a move that comes weeks after the government showered them with a raft of privileges, drawing criticism from different quarters.
Despite criticism from the opposition and government lawmakers over widespread irregularities in the banking sector, Finance Minister AMA Muhith yesterday in parliament kept mum about the issue.
In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.
Finance Minister AMA Muhith says that state owned banks and Investment Corporation of Bangladesh (ICB) will buy 60 percent shares of trouble-hit The Farmers Bank Limited.
Bangladesh's debt burden would not increase much even if the government borrowed $12 billion from Russia to build the Rooppur nuclear power plant, Finance Minister AMA Muhith said yesterday.
The banking sector was tainted by a series of scams, including some massive thefts, according to Finance Minister AMA Muhith.
Finance Minister AMA Muhith admits in Parliament that there are some irregularities in the banking sector and it is massive at times.
Finance Minister AMA Muhith who recently placed his tenth budget for Bangladesh announces he will not participate in the next Jatiya Sangshad elections.
The government is considering a further fuel price cut to pass on to consumers the benefit of low fuel prices on the international market, said Finance Minister AMA Muhith yesterday.
Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.
While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.
The cost of using a mobile phone would go up by more than two percent as the proposed budget looks to hike the supplementary duty on SIM usage.
With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.
Finance Minister AMA Muhith propose to place a monitoring and regulatory system to fight cybercrimes.
