India has imposed a limit on the amount of wheat stocks traders can hold in an effort to bring down prices, food secretary Sanjeev Chopra told reporters on Monday.

The proposed Income Tax Act includes 43 service receivers to submit proof of tax filing and if the taxable income does not exceed the tax-free threshold, they have to pay a minimum tax of Tk 2,000.

For the first time, the Trading Corporation of Bangladesh (TCB) will sell rice at subsidised rates along with oil, sugar and lentils to one crore family cardholders from the next month, Commerce Minister Tipu Munshi said yesterday.

Bangladesh needs to manage the economy carefully and deepen structural reforms to deal with lingering external pressures, a top official of the World Bank said yesterday. 

Given the inflationary pressure in the economy, the government should consider cutting its dependence on domestic borrowing from the central bank to finance the budget deficit so as to contain inflation, said the Policy Research Institute of Bangladesh (PRI). 

The government has proposed a Tk 761,000 crore budget for fiscal year 2023-24 without offering any concrete roadmap or action plan for generating employment for its vast working age population, said an economist on Saturday. 

The Bangladesh Bank yesterday instructed non-bank financial institutions (NBFIs) to put in place a clear human resources policy to ensure hiring of honest and efficient persons in transparent manner and establish good governance in the sector.

There must be a clear policy on overall human resource management approved by the board of directors

An IFC, ILO assessment finds

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 1 point, or 0.02 per cent, to 6,308 at 11:55 am.

This recovery brought hope to entrepreneurs related to the local tourism industry, which suffered huge losses due to the coronavirus outbreak

The Bangladesh Small and Cottage Industries Corporation (BSCIC) established an industrial estate on 26.30 acres of land in the Dapunia area of Jamalpur in 1980 with a view to developing small and medium enterprises and creating jobs.

The government should target reducing demand through ensuring market-based interest and exchange rates as well as cutting allocation for infrastructure projects to rein in inflation and protect the foreign currency reserves, said economists yesterday.

Local production of mobile phones declined substantially in Bangladesh in April as manufacturers grappled with a massive drop in sales amidst the grey market’s expansion.

Tax collection by the National Board of Revenue (NBR) shot up in May, powered by buoyancy in value added tax (VAT) collection from domestic economic activities and increased income tax receipts, according to a provisional estimate. 

Sadia Rayen Ahmed was elected as the chairman of Dutch-Bangla Bank Limited yesterday.

Transcom Digital, a partner of Japanese electronics company Arcelik, has launched a new series of Hitachi washing machines. 

The customs duty (CD) on clinker, the main raw material for cement, has been increased from Tk 500 per tonne to Tk 700 in the proposed budget for the next fiscal year, leaving manufacturers disappointed.

The proposed budget of Tk 7,61,785 crore (17 per cent of GDP) with a deficit of Tk 2,61,785 crore (5.2 per cent of GDP) has been presented to the country.

State-run Trading Corporation of Bangladesh (TCB) will start selling essential commodities at subsidised rates from today to one crore family cardholders.