The National Board of Revenue (NBR) massively increased the import tax on raw sugar from Tk 2,000 to Tk 7,000 per ton, and that on refined sugar from Tk 4,500 to Tk 10,500 on August 26, less than two months after the parliament had ratified the 2015-16 budget along with the import duty schedule. The… Read more »
Mr. AMA Muhith has secured his place in history. For a seventh year in a row, the finance minister has performed the ritual of placing Bangladesh’s national budget – a feat no other predecessor of the octogenarian politician could achieve. During this long period he has raised the budget expenditure from BDT 1016 billion (actual)… Read more »
The Finance Minister
Black is defined as non-existence of colour while white is the opposite, combination of all colours. So, psychologically, white is supposed to be more desirable than black.
In his budget speech the Minister of Finance has formally announced that the growth rate of the economy during 2010-11 will be 6.66 percent, the highest since the early ‘70s. It was not much in doubt that the economy will grow at 6 percent plus rate, but the announced rate appeared to be on the… Read more »
Forecasting is difficult, particularly about the future — the saying goes. Figuring out how things had been in recent past ought to be easier. Not so it seems when it comes to statistics in Bangladesh. Take the national accounts for example. Early every summer, the Bangladesh Bureau of Statistics releases provisional national accounts for the… Read more »