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National budget today

The national budget of Tk 400,266 crore for financial year 2017-18 is set to be proposed in parliament today seeking the complete implementation of the 2012 law on Value Added Tax with a flat rate of VAT amid growing capital flight and poor private sector investment. Finance minister AMA Muhith, who is scheduled for 1:30pm to place […]

DON’T LIGHT THE FUSE South India’s mini rebellion over Modi’s new cattle law kindles an old secessionist spark One step away from rebellion. (Reuters/Cathal McNaughton) Harish C Menon Southern India is up in arms. And, if recent trends are any indication, it may be a wee bit more than a mere difference of opinion over […]

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Bangladesh and Austria have agreed to boost bilateral cooperation in several sectors, especially in trade and investment. The decision was announced after a meeting between Prime Minister Sheikh Hasina and Austrian Federal Chancellor Christian Kern on Tuesday. Hasina returned to Dhaka on Wednesday morning after her visit to Vienna, where she attended a conference of […]

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The Appellate Division of the Supreme Court on Wednesday upheld the HC order that stayed for six months the government order suspending Gazipur City Corporation Mayor MA Mannan for the second time. A four-member SC bench, led by Chief Justice SK Sinha, passed the order after the hearing of a petition filed by the state […]

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Damaged cars are seen at the site of a blast in Kabul, Afghanistan May 31, 2017. — Reuters photo At least 80 people were killed and hundreds  wounded Wednesday when a massive truck bomb ripped through Kabul’s diplomatic quarter, shattering the morning rush hour and bringing carnage to the streets of the Afghan capital. Bodies […]

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The Indian navy ship conducting search and rescue operations at the Bay of Bengal have pulled out 33 Bangladeshi victims of Cyclone Mora from two boats along with a dead body in the Maheskhali region. More survivors are likely, said the Indian High Commission in Dhaka. The offshore patrol vessel, INS Sumitra, is running the […]

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When Finance Minister AMA Muhith presents the budget in parliament tomorrow, he will likely gloat about it — Tk four lakh crore in size — which is 26 percent bigger than the one for the outgoing fiscal year. Not that presenting a big budget is of great significance for Muhith; he has been doing it […]

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The Supreme Court passed an order on government’s side to execute its decision to hike gas prices from June 1 in the second phase on Tuesday. Syed Mahmud Hossain, Chamber Judge of the Appellate Division Justice stayed till June 5 (Monday) the HC order that stayed the decision of increasing the gas price from June […]

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