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People walk past a collapsed building after an earthquake in Dahejia, Jishishan County in northwest China’s Gansu province on Tuesday.

People walk past a collapsed building after an earthquake in Dahejia, Jishishan County in northwest China's Gansu province on Tuesday.
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Plan devised in budget for looting: BNP

UNB : BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday labeled the proposed national budget for the fiscal year 2024-2025 as anti-Bangladesh, saying it contains new schemes to facilitate the embezzlement of public money by the ruling party-backed looters. “The government has become looters. The budget crafted by these looters seems to be aimed at further indulging in plundering. I believe that fresh plans have been devised in the budget for embezzlement (of public money),” he said. Talking to...

Corporate tax cut to 25pc

Business Report : The government is set to cut corporate income tax by 2.5 percentage points in a bid to encourage compliance with a condition promoting cashless transactions. Finance Minister Abul Hassan Mahmood Ali on Thursday proposed the 25 percent corporate tax to replace the existing 27.5 percent for non-listed companies, subject to one condition. The condition is that all types of income, receipts, single transactions of over Tk 5 lakh and all annual expenses and investments exceeding Tk 36...

Things to be pricey

Staff Reporter : Finance Minister Abul Hassan Mahmood Ali has unveiled the proposed budget for the fiscal year 2024-25, suggesting various adjustments in duties and taxes. These changes are expected to lead to potential price hikes for several products. Local Freeze and AC Nearly 90 percent of refrigerators and freezers sold in the markets are produced in Bangladesh, with a number of local brands alongside foreign companies. The finance minister proposed an increase in the value-added tax (VAT) on locally...