** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Duty hike on gold was due for long: Muhith

08 June 2014
Duty hike on gold was due for long: Muhith

bdnews24.com :
Finance Minister Abul Maal Abdul Muhith has said the government should have increased import duties on gold long ago.
He made the remark at a post-budget news conference held on Friday in the capital.
In the budget for upcoming 2014-15 fiscal year placed in Parliament on Thursday, the minister proposed a cut in the amount of gold an inbound international passenger can carry duty-free to 100 grams from 200 grams.
He also proposed that one can now bring home another 200 grams of gold by paying Tk 3,000 in tax for every bhori (11.664 grams).
For the current FY, the duty was only Tk 150 per bhori.
The finance minister said Tk 3,000-5,000 was collected for carrying home per bhori of gold in the neighbouring countries.
He said gold was no more a good 'savings instrument'.
"Banking sector is now better than gold," he added.

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