Sohel Parvez

Revenue shortfall against the target, which is a common occurrence nowadays, is getting wider as the fiscal year nears its end, much to the concern for the government that has already ramped up its borrowing from the banking sector.

Jute and jute goods brought home the bacon this fiscal year when most other export-earning sectors flatlined, thanks to a recovery in demand for natural fibre-based yarn and biodegradable products abroad.

The National Board of Revenue has extended the deadline for the third time for use of software for record-keeping by firms with turnover of Tk 5 crore and above in the face of resistance to installing the costly software.

The streets of Dhaka city have turned into a sea of posters as candidates for the upcoming two Dhaka city corporation elections have had their election materials plastered on every wall and pole as far as the eye can see.

Meena Bazar, one of the country’s biggest supermarket chains, is in talks to acquire its peer Agora in a bid to scale up its business volume to strengthen its foothold.

Bangladesh is set to see a rising volume of waste from solar photo-voltaic panels in the coming years, which in the absence of absence of proper disposal and management pose risks to the environment and humans.

The commerce ministry has requested the revenue authority to cut the value-added tax on edible oil and slash tariff on raw sugar imports to keep their prices stable during upcoming Ramadan when demand soars.

The imposition of value-added tax (VAT) and advance tax (AT) in the value chain of edible oil are contributing to the spike in prices of the essential cooking ingredient, said a Bangladesh Tariff Commission report.

Revenue collection deficit from target widened further in November despite the pace of overall collection growth last month compared with October, according to provisional data of the National Board of Revenue (NBR).

The government move to make the use of blocks mandatory in public construction will boost manufacturing of environment-friendly construction materials and encourage private businesses to invest in the sector, said the chief of a top realtor.

Solar energy installation has lost momentum in the last two years as the appetite for the cleaner electricity fell in the face of fast-expanding electricity connections in off-grid areas by public agencies.

With great excitement Mohammad Sher Ali and fellow farmers in Panisara of southwestern upazila Jhikargacha began plucking rose, gladiolus, tuberose and gerbera in abundance from earlier this week.

Optimism to turn the tide in his favour had preoccupied the mind of Bimal Krishna Biswas as 2018 drew to a close.

Major industrial sectors are suffering from a sluggishness as factory production slowed down to a great extent in the July-August period of 2019-20 thanks to a fall in shipments.

Last fiscal year, Bangladesh’s GDP grew at a record 8.15 percent, so it is natural to assume the real income of all would see some degree of increase with such a high level of economic expansion. And yet, fishermen and construction workers saw their real wages fall.

A bolt from the blue came in 2005 and left Sufia Begum in despair: she lost her husband, the sole breadwinner in her family, in an instant to electrocution, leaving her with no money and three young daughters to raise by herself.

The government has withdrawn restriction on the introduction of new varieties of potato seeds, their production and marketing for three years.

The National Board of Revenue (NBR) has extended the reduced tax benefit to the manufacturers of motorcycle, air conditioner and compressors to June 2032 although it doubled the rates.

Coal imports are soaring to fuel hundreds of brick kilns that produce the key construction material to feed the growing demand from both public and private sectors.

The National Board of Revenue considers easing rules and procedures for investors in the export processing zones to promote trade and investment, said officials.