Sunday, September 24, 2017 | ePaper

Budget not only to boost economy but also to take country forward

  • Print
BSS, Sangsad Bhaban :
Lawmakers participating in the general discussions on national budget in the parliament on Sunday said the proposed budget for fiscal 2017-18 would not only boost the economy but also take the country forward and build the Sonar Bangla dreamt by Bangabandhu Sheikh Mujibur Rahman.
At the same time, they said the proposed mega budget also would play a significant role by maintaining the continuity of development and help transform the country into a developed one by 2041.
Taking part in the general budget discussion for eighth day in the house, State Minister for Health and Family Welfare Jahid Malik said the proposed mega budget is 30 times higher than the budget placed in the parliament since after the liberation of Taka 786 crore as the country now has emerged as 35th economic power with the leadership of Prime Minister Sheikh Hasina.
Urging the finance minister to reconsider the 'excise duty' on the bank savings, the state minister said "We think that the pro-people Awami League must have to consider the newly proposed excise duty while the increasing excise duty would earn Taka 355 crore only."
Side by side, Malik suggested the finance minister to increase the tax base by bringing the registered people under VAT as only 13.50 lakh people are now giving VAT while the number of registered people are 30-40 lakh.
Terming the budget allocation for education as realistic, he said the government has taken a plan to construct 503 model schools for the development of the primary education, adding that the proposed budget has also kept the provision of school feeding and stipend to curb the drop out rate in the primary stage.
The state minister also urged the government to increase the allocation for the technical education as the developed countries are giving around 60 per cent allocation for enhancing the technical education while it is 10 per cent in Bangladesh which need to be increased.
The proposed budget has exempted 93 different live saving drugs from VAT, he said, adding that the budget did not impose any duty on the equipments used in drug industries and hospitals.
Deputy Minister for Environment and Forest Abdullah Al Islam Jacob hoped that not only a middle-income country by 2021, we would build a happy, prosperous, pollution-free and developed country under the leadership of Prime Minister.
Criticizing the BNP and its Chairperson for undermining the proposed budget, former commerce minister Colonel (retd) Faruque Khan said that Bangladesh was champion in corruption for three consecutive years during the regime of the BNP.
Even the budget implementation is really a challenge, Khan said, adding that the government led by Prime Minister Sheikh Hasina had implemented 95 per cent of the proposed budget every year, but budget was implemented only 80 per cent during the government led by the BNP.

More News For this Category

Md. Abdul Hamid Miah, Managing Director of Islami Bank Bangladesh Limited, addressing at a 'Clients Get Together Programme', of Barisal Zone at a local hotel on Thursday. Md. Mahbub-ul Alam, AMD, Mohammad Monirul Moula and Abu Reza Md. Yahia, DMDs of the bank among others were present.

Md. Abdul Hamid Miah, Managing Director of Islami Bank Bangladesh Limited, addressing at a 'Clients Get Together Programme', of Barisal Zone at a local hotel on Thursday. Md. Mahbub-ul Alam, AMD, Mohammad Monirul Moula and Abu Reza Md. Yahia, DMDs of the bank among others were present.

.

Moody's downgrades Britain debt rating on Brexit uncertainties

AFP, Washington :Moody's cut Britain's long-term credit rating Friday, citing economic uncertainty sparked by complex Brexit negotiations and the likelihood of weaker public finances.The ratings agency cut the debt grade

Brexit weighs heavy at Irish farming fair

AFP, Tullamore :Brexit hung like a cloud over Ireland's biggest agricultural fair this week, with the country's food and farming industries, heavily reliant on their British neighbour, feeling the

Mohammad Shams-Ul Islam, Managing Director of Agrani Bank Limited, receiving the

Mohammad Shams-Ul Islam, Managing Director of Agrani Bank Limited, receiving the "Bangladesh Bank Remittance Award -2016" from State Minister for Finance and Planning M A Mannan, MP, at a city auditorium on Tuesday. The bank is honored as the Highest Remittance Collecting Bank among the State Owned Commercial Banks in Bangladesh for the last year. Bangladesh Bank Governor Fazle Kabir, Md Younusur Rahman, Senior Secretary of Bank and Finance Division and Dr. Namita Halder, Secretary (CC), Ministry of Expatriates and Welfare Overseas Employment were present.

.

China confirms will limit oil exports to North Korea

AFP, Beijing :China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing's participation in new UN sanctions intended to

Indonesia to speed up free trade talks

Xinhua, Jakarta :Indonesian government will accelerate negotiation on free trade agreements in an effort to boost shipment of products overseas, an official disclosed here on Friday.Coordinating Economic Minister Darmin

A Rouf Chowdhury, Chairman of Bank Asia Limited, poses with the participants of 43rd Foundation Training Course in BAITD at the bank's head office in the city recently. Mian Quamrul Hasan Chowdhury, DMD, Md. Sazzad Hossain, head of ICCD and KS Nazmul Hasan, head of HRD of the bank were present.

A Rouf Chowdhury, Chairman of Bank Asia Limited, poses with the participants of 43rd Foundation Training Course in BAITD at the bank's head office in the city recently. Mian Quamrul Hasan Chowdhury, DMD, Md. Sazzad Hossain, head of ICCD and KS Nazmul Hasan, head of HRD of the bank were present.

.

Samsung hands over laboratory to DMPI

Economic Reporter :Samsung Electronics Bangladesh handed over a state of the art laboratory under its "ARISE" program to the Dhaka Mohila Polytechnic Institute in a ceremony at its own

Trade unions now aware of SOPs on unfair labour practices

UNB, Dhaka :Bangladesh trade unions gain awareness of Standard Operating Procedures about Unfair Labour Practices and Trade Union Registrations, reports UNB.Trade union representatives are now better aware of how

Eco-friendly chemicals can reduce impact on environment

Economic Reporter :Britacel Silicones Limited organized a symposium with a Slogan of "GO GREEN SAVE EARTH" SUSTAINABILITY 2.0 held at Radisson blu in the city of Dhaka. H.T Imam,