Govt to invest $80b for climate resilience
The government is planning to invest $80 billion to shift the country from climate-vulnerable to a sustainable climate-resilient country under Mujib Climate Prosperity Plan (MCPP) by 2030, Finance Minister AHM Mustafa Kamal said yesterday while unveiling the national budget for the fiscal year 2022-2023.
Universal pension starts from 2022-23
A universal pension scheme for citizens aged 61 and above will be introduced from fiscal 2022-23, said Finance Minister AHM Mustafa Kamal yesterday.
Job creation: an empty promise
Although Bangladesh is witnessing a golden hour in terms of demographic dividend, a lack of decent employment opportunities in the country is leading to rising unemployment among educated youths, according to experts.
Tax measures: Relief for the rich, burden for others
Over the last couple of months, various sections of society called upon the government to raise the tax-free income limit amid the rising cost of living.
A fillip to ‘Made in Bangladesh’
The government plans to extend VAT exemption and offer tax holiday to all export-oriented goods and services in order to create new export sectors, diversify goods and explore new markets.
Budget to help draw investment
The proposed budget placed in parliament yesterday is geared towards attracting private sector investment to create employment and to expand business, but some proposals need to be reconsidered, said economists and businesspeople.
Nothing to make up for learning loss
The proposed budget did not offer any new way out for the recovery of learning loss of millions of students caused by the Covid-19 pandemic through school closures.
‘Ethically unacceptable’
Money laundered out of the country can be legalised in exchange of seven to fifteen percent tax under a new proposal aimed to boost revenue as well as mobilise foreign currency.
Food, Agriculture: A lot of hype, little promised
Amid the Russia-Ukraine war and global food price hike, Finance Minister AHM Mustafa Kamal placed emphasis on boosting food production to ensure food security in the country.
