Dhaka, Bangladesh (BBN)- An amended labour law got passage in parliament on Monday to boost worker rights and ensure freedom to form trade unions, a breakthrough that is expected to help Bangladesh regain the GSP status in the US market.
The National Board of Revenue (NBR) unveiled a detailed strategic plan Monday to achieve its revenue collection target focusing on the areas, prone to tax evasion and where tax collection faced shortfall against target.
The National Board of Revenue on Monday directed circles of its income tax wing that each circle must have to unearth at least one case of tax evasion a month in the current fiscal year.
Shares of JMI Syringe and Medical Devices, listed on Dhaka Sock Exchange, accelerated 276 percent over 15 days, prompting the market regulator to bring the pharma company under its scanner.
Taking heart, in an otherwise glum scenario, from the performance of RMG, jute and jute goods, leather goods and footwear sectors in the just concluded financial year, the government has finally set the export target --- at US$ 30.50 billion for the current financial year (FY) 2013-14.
The National Board of Revenue (NBR) mulls withdrawal of all import duties on green chillies in a bid to increase their supply in the domestic market and control prices.The revenue authority has already sent a proposal to Finance Minister AMA Muhith to waive the duties, said a senior official of NBR.
The ministry of finance has initiated a move aimed at giving sovereign guarantee to Bangladesh Biman under certain conditions including a five-year strategic plan to reduce chronic loss of the national flag carrier. Officials said the strategic plan of Biman would include a diagnosis of its performance in the past years and a roadmap to check the losses.
The central bank of Bangladesh is set to announce the new agriculture credit policy and program on July 23 with a disbursement target of BDT 145.95 billion for this fiscal, projecting 3.29 percent growth over that of the previous fiscal, officials said.
The market bounced back on Monday with rising turnover value as investors’ once again poured fresh fund into the market amid optimism. The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,736.03 points, gaining 132.57 points or 2.87 per cent.
BBN/SSR/AD-16July13-10:50 am (BST)