‘Initiatives taken to create rural employments to infuse dynamism in economy’
‘Initiatives taken to create rural employments to infuse dynamism in economy’

Finance Adviser Dr Salehuddin Ahmed on Tuesday said that the government has taken various special initiatives to create rural employments to infuse dynamism in the economy. The current interim government has taken various steps to keep operational the production process at mills and factories...

Country now turning around with govt efforts: Dr Salehuddin
Country now turning around with govt efforts: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed today said that although the country was on the brink of falling into a ditch during the previous regime, but it is now turning around thanks to the governments efforts and the support from the concerned, reports BSS. We had not assumed power rather took...

Travel ban imposed on ex-finance minister, his wife and daughters
Travel ban imposed on ex-finance minister, his wife and daughters

A Dhaka court on Tuesday issued a travel ban on former Finance Minister AHM Mustafa Kamal, his wife Kashmiri Kamal, and his daughters -- Kashfi Kamal and Nafisa Kamal. Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib passed the order based on a petition submitted by the...

Finance Advisor clarifies reason behind VAT hike
Finance Advisor clarifies reason behind VAT hike

Finance Adviser Dr Salehuddin Ahmed clarified why VAT on various products was increased at the start of the year instead of raising it through the budget. He stated In the July-August uprising, individuals who were seriously injured in the anti-discrimination student movement were given 35 lakh...

Resolving inflation fully before an elected govt is difficult
Resolving inflation fully before an elected govt is difficult

Finance Adviser Salehuddin Ahmed has cited extortion as a major reason for the interim governments failure to curb high inflation. He said apart from previous extortionists, those who are trying to secure positions in politics, are also engaged in extortion. Extortionists at the local level are...

MFIs must focus on reducing urban poverty: BB Governor
MFIs must focus on reducing urban poverty: BB Governor

Bangladesh Bank Governor Dr. Ahsan H. Mansur encouraged Micro Finance Institutions (MFIs) to focus on reducing urban poverty in addition to their efforts in rural areas. The governor was speaking as the chief guest at a workshop on Micro Finance in Bangladesh, June 2024 organised by the...

Govt yet to decide on dearness allowance: Finance Adviser
Govt yet to decide on dearness allowance: Finance Adviser

The government has not yet made any decision regarding the allocation of dearness allowance (DA) for its officials and employees, said Finance Adviser Dr Salehuddin Ahmed on Tuesday, reports UNB. We have not made any decision regarding the dearness allowance yet, he told journalists in response...

Paying extra VAT better than under-the-table transactions: Finance Adviser
Paying extra VAT better than under-the-table transactions: Finance Adviser

Finance Adviser Dr. Salehuddin Ahmed has said that paying extra VAT is better than making under-the-table transactions. He made the remarks on Monday during his keynote address at a seminar titled Reforms in Customs, Income Tax, and VAT Management to Address LDC Graduation held at the NEC...

Economic reforms must take priority: Dr Salehuddin
Economic reforms must take priority: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed emphasised that economic reforms should be the primary focus in Bangladesh, ahead of political or other types of reforms. He made the remarks while speaking at a seminar organised by the National Board of Revenue (NBR) on International Customs Day in Dhaka on...

Defaulters should be kept alive rather destroyed
Defaulters should be kept alive rather destroyed

The government must toil in consultation with stakeholders. The Finance Adviser is visiting leading industries, engaging with them and attempting their recovery. However, this must be done within the framework of minimum rules and regulations. I have spoken to all major loan defaulters, and 50%...

'Country's overall food situation satisfactory'
'Country's overall food situation satisfactory'

Finance Adviser DrSalehuddin Ahmed said, the overall food situation is currently satisfactory, although whether this is reflected in the market is a separate matter. He also reassured that the countrys food stock is in a strong position. Salehuddin Ahmed made these remarks after the meeting of...

Govt ends special OMS program for low-income people
Govt ends special OMS program for low-income people

The government has decided to discontinue the special Open Market Sale (OMS) program that provided low-cost agricultural products to low-income groups via trucks. Finance Advisor Dr. Salehuddin Ahmed announced on Tuesday that the program would cease operations starting January, following a decision...

Donor organizations positive in financial assistance
Donor organizations positive in financial assistance

Finance adviser Dr Salehuddin Ahmed has called on the banks to stand by their customers in their happiness and sorrow, rather just collecting the installments. He made the call while addressing a conference with Karmasangsthan Bank officials at Bidyut Bhaban on Sunday. The adviser said that...

South Korean special envoy to visit Bangladesh Jan 22-23
South Korean special envoy to visit Bangladesh Jan 22-23

Special Envoy of the Minister of Foreign Affairs of the Republic of Korea Ambassador Lee Jeongkyu will pay a goodwill visit to Bangladesh on January 22-23 to explore ways to expand bilateral relations between the two countries. Lee Jeongkyu will have courtesy meetings with Finance Adviser Dr...

VAT hike to have no impact on essential goods prices: Finance Adviser
VAT hike to have no impact on essential goods prices: Finance Adviser

Finance Adviser Dr Salehuddin Ahmedassured that the recent decision to increase VAT on 43 items will not impact the prices of essential goods. He made this remark while speaking to the media following a meeting of the Advisory Council on Government Procurement at the Secretariat on Thursday (Jan...

Bangladesh secures $1.16 billion WB financing for climate-resilient development
Bangladesh secures $1.16 billion WB financing for climate-resilient development

Bangladesh has secured $1.16 billion in World Bank financing to bolster its efforts in enhancing health services, improving water and sanitation infrastructure, and advancing green, climate-resilient development. The approval, announced by the World Banks Board of Executive Directors on Thursday...

Poor to get relief from Tax burden in next budget
Poor to get relief from Tax burden in next budget

The finance adviser Dr Salehuddin Ahmed said the poor people will get relief from the burden of Tax in the next fiscal year budget. He made the statement while addressing journalists at the Bangladesh Secretariat in the capital on Thursday. The adviser said: The budget for the upcoming fiscal...

Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin
Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin

Finance Adviser Dr. Salehuddin Ahmed has said that the government is working to keep the prices of essential commodities within tolerable level in the market until the Holy Ramadan, reports UNB. Were trying to ensure that the prices in the market remain tolerable. But its a tough job. The nature...

Islamic finance can be supportive tool for economic rebuilding, say experts
Islamic finance can be supportive tool for economic rebuilding, say experts

A policy meeting in Dhaka on Sunday explored how Islamic finance could play a pivotal role in rebuilding Bangladeshs economy. The event, organized in collaboration with a private bank, gathered over 100 junior scholars and industry experts to discuss how principles of Islamic finance can promote...

‘Incentives for businessmen will be reduced in next budget’
‘Incentives for businessmen will be reduced in next budget’

Finance adviser Dr Salehuddin Ahmed said in next fiscal years (2025-26) budget the incentives for businessmen will be reduced. He made the remark at annual meeting of International Business Forum of Bangladesh (IBFB) on Sunday at an ostentatious hotel at Gulshan. He said: Businessmen have to...