Govt unveils Tk 34,358cr deficit budget
Net outlay Tk 1,13,819 crore, focus on industries, agriculture
The finance minister, AMA Muhith, on Thursday proposed higher spending and fiscal measures aimed at spurring industrial growth and economic activities in the face of global recession as he placed in parliament the national budget worth Tk 1,13,819 crore for 2009-10 fiscal year......[ + ]
Dev thinkers see no departure from
past philosophy
Say budget will hardly deliver on
AL polls pledges
Development thinkers believe the proposed budget for 2009-2010 fiscal can hardly help the government deliver on the promises made in the ruling Awami League’s election manifesto — A Charter for Change — although the finance minister has tried to insert the pre-polls pledges into the budget literatures...[ + ]
Finely-knit web of rhetoric: BNP
The Bangladesh Nationalist Party on Thursday termed the budget proposed for the 2009–2010 financial year a finely-knit web of rhetoric and said the targets mentioned in the finance minister’s speech would hardly be achieved...[ + ]
Social safety
net widened
Deviating from the standard practice of cash assistance, the finance minister on Thursday proposed to launch a programme to rehabilitate poor people in urban areas to their original addresses. He also proposed to introduce one-stop centres for the disabled. Although insignificant compared to the sizeable allocation of cash assistance, the proposed programme marks a refreshing change in the social safety net schemes...[ + ]
Other Headlines
»
Parties term budget pro-rich
»
Tariff on luxury goods up, essentials down
»
Allocation declines as power crisis on
»
Edn, health, tech sectors to get Tk 21,367cr
»
Duty on newsprint goes up
»
66 killed in Pakistan
»
Myanmar to take back Rohingyas if citizenship proved
»
New pay scale comes into effect in phases from next month
»
Govt to fix construction cost of buildings and roads
»
Redmond takes charge for Kiwis
»
Hearing deferred till June 16
»
Rally, procession banned
»
Budget for 1 dist in each division in FY 2011 proposed
Budget fine for macro economy,
frustrating for exporters
Businesses put mixed reactions on the budget proposals that the finance minister placed in the parliament on Thursday. They praised budgetary measures that deal with the macroeconomic sector but exporters said they had nothing that could support them to fight in the recession-hit market places...[ + ]
Tax holidays to go after 2012
Tax holidays will not be extended after 2012, every industry will have to pay some level of tax after that period, according to AMA Muhith’s new budget. ‘Tax holidays act as an impediment to the taxpaying culture,’ the finance minister told parliament in his budget speech Thursday...[ + ]
Other Headlines
»
Budget cuts subsidy, raises farm loans
»
Govt gives 3-year ‘black money’ amnesty
»
Raw materials to be cheaper
»
Mobile sets to get costlier
»
Muhith sees growth slowing
»
BRAC Bank initiates First Hand Day
»
IBBL denies allegation
»
IIDFC opens brokerage house
»
Warid inks deal with ICX operator
»
Asian stocks mixed as China exports dive
»
Corporate Disclosures
»
Black money gets ticket to stock market
»
Budget targets capital market development: analysis
»
Biman tarnishing country’s image: Muhith
»
Private sector invited to PPP initiatives
»
Market ends week flat on budget watch
»
Cigarettes become dearer
»
ICT gets Tk 100 crore
|
