Time to tighten belt further
June 10, 2011
Budget of Middleclass
Time to tighten belt further
Last year Abidur Rahim missed most of the budget speech. So this year he finished work early and rushed to catch a bus home. It is now a regular pain for him being in queue for bus. After waiting 30 minutes or so he got on his bus heading to Pallabi, Mirpur.
The fare was Tk 18 just three weeks ago but now it is Tk 23. Abidur has to pay almost Tk 300 for Read more
Possibilities there, risks too
June 10, 2011
Big budget eyes higher growth under favourable factors, pins hope on smooth implementation of plans
Finance Minister AMA Muhith has eyed a higher economic growth of 7 percent — the highest for Bangladesh if we exclude the 1972 level — and expected to lower inflation to 7.5 percent, both of which are achievable.
But for that he needs policy reforms and smooth public investment, both of which have not been clearly defined.
Moreover, his growth is subject to a number of factors which have to go right.
The finance minister has pinned his hope on a rebound of the Read more
Black money beckons
June 2, 2011
Govt may offer amnesty for investors in share market, infrastructure
The government may allow whitening money in two sectors in the next national budget under pressure from interest groups.
It considers giving scope for whitening money only in the stockmarket and the infrastructure fund, not any other sector, said a finance ministry official asking not to be named.
The issue of whitening money was discussed in detail in a high-level government meeting a few days back, the official said.
The government may give scope for whitening money in the stockmarket on Read more