National Budget 2019-20
NGO’s want more budget for the disabled
A group of non-government organisations have called upon the government to reconsider the budgetary allocation for people with disabilities.
Budget Discussion: Opposition slams govt over paddy price
Opposition lawmakers yesterday came down heavily on the government for its failure to ensure fair price of paddy and check money laundering, soaring loan defaults and black money.
New VAT law will push up living cost
The new VAT law may increase cost of many goods and services and hurt consumers, analysts said yesterday.
The affluent to benefit more
The budgetary measures for fiscal 2019-20 will favour the beneficiaries of “economic misrule” and hurt the middle and lower mid-income groups, the Centre for Policy Dialogue said yesterday.
New budget to increase inequality
Terming the proposed national budget “highly ambitious”, the BNP yesterday said the people of the country would not accept the budget as it would increase inequality.
Make new VAT law business-friendly
Leading business associations yesterday urged the government to ensure easy, hassle-free and business-friendly implementation of the new VAT law.
Pay more for digital delight
At a time when the government should be encouraging virtual businesses, Finance Minister AHM Mustafa Kamal has proposed 7.5 percent value-added tax on them in his budget for fiscal 2019-20, making their services dearer.
TIB slams amnesty for black money
Transparency International Bangladesh (TIB) yesterday strongly condemned the proposed amnesty for black money in the budget for fiscal 2019-20 and termed it “unconstitutional, immoral and discriminatory”.
THE BIG FOUR
THE BIG FOUR
No SRO without abnormal situation: Finance minister
Finance Minister AHM Mustafa Kamal in his budget speech in the parliament says that the government will avoid issuing statutory regulatory order (SRO) without any abnormal situation to bring transparency in the revenue management.
Reality not reflected in budget, CPD says
Centre for Policy Dialogue (CPD) says the national budget for the 2019-20 was not placed in light of the real situation on the ground.
All courts to be brought under e-judiciary process: Finance minister
Steps have been taken to bring all courts of the country within the ICT network through e-judiciary process to accelerate the disposal of cases, Finance Minister AHM Mustafa Kamal says in his budget speech at the parliament.
Gold prices to go down
The price of gold will go down as a reduction of duty on its import has been proposed in the budget for fiscal year 2019-20.
People to suffer for budget deficit: Amir Khasru
BNP Standing Committee Member Amir Khasru Mahmud Chowdhury says that the government has kept Tk 145,380 crore deficit in the proposed national budget for 2019-20 fiscal which will be realised from people anyhow.
Finance Minister proposes number of reforms in banking sector
Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the banking sector.
Prices up, prices down
Finance Minister AHM Mustafa Kamal proposes changes to duties on different products, which will result in increase and decrease in their prices.
Kamal vows to raise tax-GDP ratio to 15pc in 2yrs
Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot of efforts and investments from the government to achieve.
Govt employees under insurance coverage
The government will bring all of its employees under insurance coverage, says Finance Minister AHM Mustafa Kamal in his budget speech.
Govt plans pension scheme for all
The budget for fiscal 2019-20 includes plan for pension for all. Pension for all employed citizens in both formal and informal sectors will be ensured gradually, says the budget proposal placed at parliament.