Finance Division extends fund release deadlines
The Finance Division has extended deadlines for fund release under operating and development budgets until June 23 from previous June 13, said the...
Tags : finance
Carbon tax, 鈥榩olluter pays principle鈥� proposed for green finance
Climate finance experts at a press conference urged the government to mobilise more green finance to combat climatic events by imposing a carbon tax and...
Bad loans surge 65pc in 2 years
Defaulted loans of the state-owned entities increased by around 65 per cent in the past two years amid a lack of initiative to realise those, finance ministry officials...
Bangladesh's dollar crisis linked to $7-8b capital flight: ex-minister
Finance minister Abul Hassan Mahmood Ali said on Thursday that they had to follow the World Bank for foreign currencies, while former state minister for...
Challenges to economy spotted sans measures
The finance division has identified around half a dozen challenges, including high inflation, a low tax鈥揋DP ratio, non-performing loans, and high...
Finance minister criticised in JS for agriculture subsidy cut
Independent lawmaker Md Nasser Shahrear Zahedee on Thursday criticised finance minister Abul Hassan Mahmood Ali for reducing subsidies in agriculture in the proposed budget for the financial year 2024-25...
Questions on budget draw minister鈥檚 ire
Finance minister Abul Hassan Mahmood Ali said on Friday that he was disappointed with the questions made by journalists about proposed budgetary measures for...
Govt seeks six months to curb inflation
The government has proposed the reintroduction of undisclosed money legalisation scopes in the new national budget to appease businessmen, officials...
Tax measures to take toll on honest, relieve errant
Finance minister Abul Hassan Mahmood Ali on Thursday announced a series of measures, including reintroducing scope for legalising undisclosed money by paying tax at a...
Govt raises excise duty on high-value bank deposits
The government has increased excise duty on high-figure bank deposits in the proposed budget for the 2024-25 financial year...
Minimum tariff value of cotton fabrics increased
Finance minister Abul Hassan Mahmood Ali on Thursday proposed rationalising at the import level the minimum value of certain products, including cotton and synthetic fabrics, for imposing duty to safeguard the local industry...
Capital gain tax proposed for general investors if income crosses Tk聽50 lakh
Finance minister Abul Hassan Mahmood Ali has proposed that general investors in the capital market pay capital gain tax from the 2024-25 financial year if their income crosses Tk聽50 lakh...
Credit scoring system for digital banks to be introduced: Mahmood
Finance minister AH Mahmood Ali said that the government would introduce a credit scoring system utilising artificial intelligence and machine learning technology to facilitate loan services from these digital banks....
Govt targets inflation 6.5pc, economists doubt
The government has set a target to limit inflation within 6.5 per cent in the financial year 2024鈥�25, although prices of food and non-food items keep rising over...
Finance minister begins unveiling Tk 7,97,000cr national budget
Finance minister Abul Hassan Mahmood Ali has started placing the Tk 7,97,000 crore national budget in parliament for the fiscal year 2024-25....
Adani assured of arrear payment聽
Finance minister Abul Hasaan Mahmood Ali on Wednesday said that the government would clear arrears on power purchases from the Adani Group of India...
Rich nations met $100b climate finance goal two years late: OECD
Wealthy countries met their target of providing $100 billion in annual climate aid to poorer countries for the first time in 2022 though two years later than promised, the OECD said on Wednesday...
Grameen America to invest $40 billion for underserved women of USA
Grameen America, the fastest-growing nonprofit microfinance organisation in the United States of America, plans to invest $40 billion of loan capital in underserved women entrepreneurs by 2033, according to a press release...
Salman for strengthening capital market to ensure finance for investors
Prime minister鈥檚 private industry and investment adviser Salman F Rahman on Monday stressed on strengthening the country鈥檚 capital market to ensure finance for investors...
Army can take action against its former chief Aziz Ahmed: finance minister
Finance minister Abul Hassan Mahmood Ali on Sunday said that the army could take action against former Bangladesh Army chief General Aziz Ahmed.....
Finance minister for crackdown on loan defaulters
Finance minister Abul Hassan Mahmood Ali on Sunday said that the next course of action should be launching crackdown on loan defaulters after the exchange rate problem was almost fixed...
Govt may roll back austerity steps as earlier steps fail
The finance ministry is likely to narrow down focuses on austerity steps in the coming national budget following pressures from other ministries and...
Mushtaque elected DBH chair
Mushtaque Chowdhury has been elected chairman of board of directors of DBH Finance PLC, said a press release...
Improved international financial architecture needed
THIS year鈥檚 International Monetary Fund and World Bank Group Spring Meetings opened amidst news of two startling findings...
BUP holds closing ceremony of 鈥楨xcelMaestros 2024鈥�
The closing and prize giving ceremony of 鈥楨xcelMaestros 2024鈥�, organised by Bangladesh University of Professionals Finance Society, was held on Sunday on BUP campus...
Stress in personal finance
SINCE the pandemic period, Canada, like other western countries, has been witnessing a rocky economic and social dynamic that has affected the lives of ordinary Canadians in a profound way...
Islamic banks鈥� deposits drop, but loans surge
Loan disbursements from Shariah-based banks have significantly increased despite a sharp decline in deposit collection in December and January...
Finance minister for reforms in accounting system
Finance minister Abul Hassan Mahmood Ali on Saturday said that reforms are needed in the country鈥檚 accounting system in order to meet...
Dhaka shouldn鈥檛 entertain Delhi鈥檚 Teesta project finance proposal
INDIA which has since 2010 put on hold the signing of an agreement on the sharing of the water of the River Teesta has now offered to finance a large-scale project of Bangladesh for the comprehensive management and the restoration of the river in which China has already...
US provides action plan for DF benefits
The United States on Sunday provided an 11-point 鈥楤angladesh Labor Action Plan鈥� and urged the government to implement it in order to avail duty-free benefits and access to funds of the US International Development Finance Corporation...