Economy News | Daily sun | 2019-07-21

Tk 16,263 cr for passenger-friendly railway system Tk 16,263 cr for passenger-friendly railway system

Tk 3,664 crore has been proposed for operating expenditure and Tk 12,599 crore for development expenditure of railways ministry


Communication infrastructure gets Tk 61,455 crore allocation Communication infrastructure gets Tk 61,455 crore allocation

AHM Mustafa Kamal says that South Asia Subregional Economic Cooperation road connectivity projects 1 and 2 are being implemented in order to be connected with the global transport network


Smartphones to get costlier Smartphones to get costlier

Finance Minister AHM Mustafa Kamal on Thursday proposes raising the import duty to 25 percent from existing 10


Tk 14,053 cr allocation, subsidies Tk 9000 cr proposed for agriculture sector Tk 23,053 cr proposed for agriculture sector

The government has earmarks Taka 9000 crore as subsidies and incentives in the proposed budget while in the revised budget of 2018-19, the accumulated subsidies was Taka 8,070 crore


NBR to collect Tk 325,660cr revenue NBR to collect Tk 325,660cr revenue

Tax revenue from non-NBR sources has been estimated at Taka 14,500 crore


Tobacco products to be costlier Tobacco products to be costlier

Mustafa Kamal proposed fixing the price of every 10 sticks of low segment cigarette at Taka 37 and the supplementary duty rate to 55 percent


Three-year programme taken up to increase job creation rate 3-yr programme taken up to upturn job creation rate

The new budget proposed to allocate Taka 100 crore for the training and employment of specific group of people


Incentive on money remitted by expatriates from this year Incentive on money remitted by expatriates from this year

The minister proposed this incentive while placing the national budget of 2019-20 at parliament


All pensioners to come under EFT system in FY20 All pensioners to come under EFT system in FY20

Payment of pension in pensioner’s bank accounts through EFT has already been made to 27,000 pensioners, the budget speech has informed.


Tk 100cr kept aside to promote startup enterprises Tk 100cr kept aside to promote startup enterprises

As the government wants to use the full potential of demographic dividend, an amount of Tk 100 crore has been earmarked in the proposed national budget


Budget: Prices up, prices down Budget: Prices up, prices down

Finance Minister AHM Mustafa Kamal on thursday proposed changes to duties on different products, which will result in increase and decrease in their prices

 


RMG gets 5pc cash incentive in FY20 RMG gets 5pc cash incentive in FY20

The existing tax rates for the RMG sector is remaining the same, which the manufacturers had wanted to be lowered down


Govt to form commission on Ganges-Brahmaputra-Meghna basins Govt to form commission on GBM basins

The government aim is to get equity share of water these rivers


Utilization of blue economy resources can increase GDP by 2pc: Kamal Utilization of blue economy resources can increase GDP by 2pc: Kamal

Finance Minister AHM Mustafa Kamal in his budget speech on Thursday said the country can increase its…


Tk 100 crore allocation for river erosion affected people Tk 100 crore allocation for river erosion affected people

The government has allocated Taka 100 crore in the proposed national budget for fiscal 2019-20 placed…


Budget 2019-‘20: Some important features Budget 2019-‘20: Some important features

Here are some important features of the new national budget placed by Finance Minister AHM Mustafa Kamal…


Tk 1,621cr proposed for foreign affairs Tk 1,621cr proposed for foreign affairs

Of the total Taka 1,621 crore, Taka 121 crore will be spent under the Annual Development Programme (ADP) and Taka 1,499 crore under non-development sector


Tk 140 crore proposed for ACC Tk 140 crore proposed for ACC

In a historic move, Prime Minister Sheikh Hasina started announcing the proposed budget in the Jatiya Sangsad on behalf of Finance Minister AHM Mustofa Kamal as he felt sick


Tk 1489,12 crore proposed budget for development of Youth and Sports Tk 1489,12 crore proposed budget for development of Youth and Sports

The government has announced proposed allocation of Taka 1489,12 crore for youth and sports in their…


Finance Minister plans big to create 10mn jobs Finance Minister plans big to create 10mn jobs

Kamal says the government needs to enhance growth in the industrial sector to hasten GDP growth and generate employments


Govt projects 8.2pc GDP growth, 5.5pc inflation Govt projects 8.2pc GDP growth, 5.5pc inflation

The budget speech has hinted that our commitment is to achieve a growth rate of 10 percent by fiscal 2023-24, and maintain that rate until 2041


Tk 3,426cr proposed for civil aviation, tourism Tk 3,426cr proposed for civil aviation, tourism

The allocation in the proposed budget is Taka 2,355 crore more than the revised budget of 2018-19 fiscal that was Taka 1,071 crore


Tk. 24,040 crore proposed for primary education sector Quality education is the priority of coming days

A pilot project titled ‘Digital Primary Education’ will be undertaken to facilitate qualitative improvement in education by enhancing the capacity of primary education


Tk 1,930 crore proposed for ICT Division Tk 1,930 crore proposed for ICT Division

The minister also proposes Taka 3,461 crore for Post and Telecommunication Division for 2019-20 fiscal.


Budget proposes Tk 4,453 crore for Liberation War Affairs Ministry Budget proposes Tk 4,453 crore for Liberation War Affairs Ministry

The budget speech has informed that the govt is working relentlessly to preserve the memory of the liberation war and the welfare of the freedom fighters


Budget proposes Tk 1,650 crore for Law and Justice Division Budget proposes Tk 1,650 crore for Law and Justice Division

The finance minister has also proposed Taka 35 crore for Legislative and Parliamentary Affairs Division for the fiscal 2019-20


Tax-free income limit remains unchanged Tax-free income limit remains unchanged

Finance Minister AHM Mustafa Kamal has argued that any increase in the tax exemption threshold will push a significant number of taxpayers out of the tax net, which will eventually erode the tax base


Oil prices jump after 'attack' on tankers in Gulf of Oman Oil prices jump after 'attack' on tankers in Gulf of Oman

Oil prices spiked by about three percent on Thursday after a reports of an "attack" on two oil tankers in the Gulf of Oman


Finance Minister presents Tk 523,190cr budget in parliament Finance Minister presents Tk 523,190cr budget in parliament

Total allocation for operating and other expenditures is Tk 320,469 crore, and allocation for the annual development programme is Tk 202,721 crore


Tk 28,051cr for power, energy sectors Tk 28,051cr for power, energy sectors

The finance minister says that each upazila of the country will have 100 per cent access to electricity by next year


Jet Airways shares plunge nearly 11 pc Jet Airways shares plunge nearly 11 pc

According to a media report, Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways


Price fall in large-cap drives stocks down Price fall in large-cap drives stocks down

The broader DSEX index of Dhaka Stock Exchange closes the day with 6.35 points down at 5,469.63. The Shariah DSES and the blue-chip DS30 also followed the same trend with 2.89 points down


Asian stocks mostly lower after retreat on Wall Street Asian stocks mostly lower after retreat on Wall Street

Shares were mostly lower in Asia on Wednesday and Hong Kong's Seng index tumbled 1.7% as thousands continued protests 


China inflation hits highest level in 15 months China inflation hits highest level in 15 months

US President Donald Trump is expected to meet China's Xi Jinping at the G20 summit in Japan this month to discuss the long-running trade row


Bangladesh, China, India, Myanmar want progress in building economic corridor Bangladesh, China, India, Myanmar want economic corridor

Bangladesh, China, India and Myanmar (BCIM) on Tuesday felt the necessity to further deepen cooperation…


Government steps taken for banking sector prove more harmful: CPD Govt steps taken for banking sector prove more harmful: CPD

Dr Debapriya Bhattacharya mentions that in last three months the defaulted loan increased 17 thousand crore taka though the finance minister in January pledged that not a single taka loan will be defaulted 


UK unemployment rate holds at 45-year low UK unemployment rate holds at 45-year low

The unemployment rate remained at 3.8 percent in the three months to April -- the lowest level since the final quarter of 1974


China going to make trade deal with US: Trump China going to make trade deal with US: Trump

In recent months, Trump has imposed additional tariffs on Chinese products worth USD 200 billion and he has ordered for another round of tariffs on rest of the Chinese imports amounting to USD 300 billion


bKash Payment now available for Piickme services bKash Payment now available for Piickme services

To make the payment through bKash, the customers have to select ‘Digital Payment’ and then ‘bKash’ from Piickme app after completion of rides

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