Breaking News
September 29, 2022 - Sheikh Hasina is now world leader: Hasan
September 29, 2022 - PM’s 76th birthday celebrated amid festivity, enthusiasm
September 29, 2022 - Emranul Huq, Managing Director and CEO of Dhaka Bank Limited along with Professor Niaz Ahmed Khan, Ph.D, Pro-Vice Chancellor of Independent University, Bangladesh (IUB), launches a prepaid card product called Aspire Student Prepaid Card in association with VISA at IUB campus in the city recently. The Aspire Student Prepaid Card can be availed by any students of Bangladesh having a valid Student ID supported by Guardian Documents from any branches, online application and student banking unit of the bank.
September 29, 2022 - Noor -E- Hafza, Chairman, Board of Directors of Sonali Life Insurance Company Limited (SLICL), presides over its 9th AGM held on Wednesday. The AGM approved 15 percent cash dividend for its shareholders year ended on December 31, 2021. Directors and senior officials of the company were present.
September 29, 2022 - Noor-E-Alam Chowdhury, Chief Whip of Bangladesh Parliament, inaugurates the 386th branch of Islami Bank Bangladesh Limited as chief guest at Shibchar in Madaripur on Wednesday. Mohammed Monirul Moula, Managing Director & CEO, Md. Altaf Hossain, DMD, Miftah Uddin, SEVP and Md. Abdus Sobhan, EVP of the bank, were present.
September 29, 2022 - Sumon Morshed, Managing Director of Finery Group, inaugurates its 20th anniversary at its office in the capital on Wednesday. Officials and employees of the company were present.
September 29, 2022 - NFBIs demand withdrawal of cap on deposit interest
September 25, 2022 - PM calls ‘tragic’ rich nations response to climate issue
September 25, 2022 - World Bank to publicise Bangladesh’s dev success
September 25, 2022 - ‘Time is up’: Countries trapped in climate crisis raise alarm at UN
September 25, 2022 - Rising risk of global recession
September 25, 2022 - Energypac win RESCM award
September 25, 2022 - UFIL gets new DMD
September 25, 2022 - NRBC Bank wins six prizes as best bank in South Asian Business Excellence Awards
September 25, 2022 - GP trials 5G in all divisional cities
September 25, 2022 - Extend tenure of trade licences to 5 years: MCCI
September 25, 2022 - City Bank Capital moves to its new corporate head office
September 19, 2022 - Free, fair polls only held in AL govt periods, PM tells BBC
September 19, 2022 - Feroz Hossain made Exim Bank MD
September 19, 2022 - Nasimul Baten, Managing Director and CEO of DBH Finance PLC, inaugurates its 14th branch at Station Road in Rangpur city recently. AKM Tanvir Kamal, DMD and Head of Credit, Saiyaf Ejaz, Head of Administration and Recovery, Md Zakaria Eusuf, Head of Loan Operations, Sabed Bin Ahsan, Head of Deposits, Business Planning and Alternate Channels and other officials of the company, were present.
September 19, 2022 - Ruhul Amin re-elected as Risk Management Committee chairman of NRB Bank
September 19, 2022 - Niranjan Chandra Debnath, DMD of Sonali Bank Limited, Dr. Dewan Muhammad Humayun Kabir, Project Director of Aspire to innovate and Md. Samawat Ullah, Managing Director of Olivine Limited, exchange document after signing a tri partisan deal to collect the citizens fees and charges under Online Councilor Certificate System through the Sonali Payment Gateway at the bank’s head office in the capital on Sunday. Other senior officials from respective sides were present.
September 19, 2022 - Showing trade license not mandatory for small traders to open bank accounts
September 2, 2022 - Muhammad Imrul Kabir, Corporate Affairs Director, Nafeesa Hossain Monali, Human Resources Director of Chevron Bangladesh, attended the Math & Science Summer School 2022 Closing Ceremony of The Asian University for Women (AUW) held at the university campus in Chattagram recently. The AUW Summer School, powered by Chevron, selected 71 bright female high school students from all over Bangladesh to participate in a diversified four-week program meticulously focused on Math, Science and computer coding. Dr. Beena Khurana, Dean of Arts and Sciences of AUW and Rubaba Dowla, Country Managing Director of Oracle Bangladesh, Nepal and Bhutan were present.
September 2, 2022 - Afzal joins Sonali Bank as MD
September 2, 2022 - Khondoker Ataur Rahman Managing Director of Palli Sanchay Bank Limited, addresses a discussion meeting on the occasion of the 47th martyrdom anniversary of Bangabandhu Sheikh Mujibur Rahman and the National Mourning Day held at Gopalgonj Multiplicity auditorium recently. Dipokkor Roy, General Manager and other officials of the bank were present.
September 2, 2022 - BARVIDA urges for cut of Ctg Port charges
September 2, 2022 - Golam Kabir, Jamil Iqbal made NRB Bank’s Vice Chairman
September 2, 2022 - FFL gets new MD
August 23, 2022 - BNP created contexts of all the crises after Bangabandhu killing: Quader

Budget for FY12 not people-friendly

Staff Correspondent: Economists, lawmakers, business leaders and experts at a post-budget conference yesterday said the proposed budget for the next fiscal year was not people-friendly.

The government should ensure political stability for achieving desired outcome of the budget for fiscal year 2011-2012, they said. The Centre for Policy Dialogue (CPD), a private thing tank, organised the seminar titled “State of Bangladesh Economy: analysis of the National Budget fiscal year 2011-12” at a local hotel.

“The present bureaucracy is not capable to fully implement the development programmes,” the speakers also said urging the government to give more attention to industrial sector for ensuring optimum GDP growth. Former finance minister M Syeduzzaman moderated the conference. Executive director of CPD Mustafizur Rahman presented the key note paper.

Awami League presidium member Dr Mohiuddin Khan Alamgir attended the dialogue as chief guest and former commerce minister and BNP leader Amir Kahsru Mahmud Chowdhury was special guest.

Former Finance Advisor AB Mirza Azizul Islam, MCCI president Amjad Khan Chowdhury, Dr SK Osmani and Dr Mustafa K Mujeri participated in the dialogue as panellists.

Member of parliaments, business leaders and civil society representatives took part at the discussion.

Syeduzzaman said that the ministers and lawmakers should make the practices of visiting other constituencies besides their own ones.

He also that the government usually undertakes infrastructure projects as per the lawmakers’ desire, but after implementation those remain left out.

Former finance adviser of the last caretaker government Mirza Aziz Islam also expressed concern over the deficit financing as the banking sector is facing severe liquidity crisis due to this.

“Deficit financing from banking sector usually does not hamper the private sector credit as the deficit remains below 5 per cent of GDP,” he said adding: “It would create crowding out of private sector credit for banking sector.”

He said extra efforts will be needed to address the huge food subsidy. “It’ll be a big challenge to arrange the subsidy.”

BNP leader and former commerce minister Amir Khosru Mahmud Chowdhury said that the devaluation of local currency Taka will be stopped if the Bangladesh Bank takes a prudent measure to reduce huge deficit balance of payment.

“If the central bank fails to reduce the deficit BOP, then it would further devalue local currency Taka, which might touch Tk 80 per dollar,” he feared.

He also expressed concern over deficit financing. “It’s big issue. Where liquidity crisis is there, the borrowing by the government will definitely create problems.”

Amir Khosru said there was no rescue measure in the FY 2012 budget proposal for the capital market. He expressed doubt over the increase in investment volume, an essential tool for job creation and overall growth of the economy.

Khosru criticised the government for depending on private sector to provide utility services. “It will increase costs of business.”

Dr Mohiuddin Khan Alamgir said achieving the desired level of industrial growth is a must for rapid development. Incentives should be given for raising productions in the industries.

Dr SK Osmani, professor of Brac University said that the government should reduce borrowing from banks as currently it is borrowing to repay previous interests.

Dr Mustafa K Mujeri said there are possibilities and challenges are there too. “Success depends on how effectively these two are coordinated,” he added.

He said more importance should be given to the industrial sector as it is the driving force of growth. Mujeri expressed dissatisfaction over the lower contribution of private sector to the national uplift programmes. “We’re continuously lagging behind. The role of the public sector will have to be enhanced further. It will be a big challenge.”

MCCI president Amjad Khan Chowdhury also opposed the proposed 1.5 percent tax at source on exportable goods. He said this should be reduced. He also demanded reduction of furnace oil price.

Hasanul Haque Inu said there was no reflection of Digital Bangladesh in the proposed budget, even in the previous two ones.

He said the government failed to control the market of essentials during last two years but there was no touch stone in the budget to control the market. Inu said good governance and political stability are urgently needed for the development and the opposition party should sit across the table for resolving any problem.

Hafiz Ahmed Majumdar MP said the investment of untaxed money should be allowed for the betterment of the country. “We need investments. The country will be benefited if untaxed money is allowed to invest.”

About author

AWARD

Pori to act in Tauquir’s next

Pori to act in Tauquir’s next

RN Desk;Pori Moni will be seen as the heroine in Tauquir Ahmed’s next film. She will be accompanied by Lux…

Reflection Team

বাংলা

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

: প্রধানমন্ত্রী শেখ হাসিনা ধর্ম বিষয়ক প্রতিমন্ত্রী ও একাত্তরের মুক্তিযুদ্ধের প্রবীণ নেতা অ্যাডভোকেট শেখ মোহাম্মদ আবদুল্লাহর মৃত্যুতে শোক জানিয়েছেন। এক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/