The garment exporters today demanded continuation of the existing 0.5 per cent source tax for the next five years. Usually, every year the apparel makers demand reduction of the source tax to 0.25 per cent before and after the budget. But this year they came up with the call to keep the tax same for some time, as Finance Minister AHM Mustafa Kamal in his budget speech on June
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has termed the proposed budget for the next fiscal year very significant one as the country celebrates 50 years of Bangladeshs independence and given the situation due to global pandemic. Weve
The budget has not proposed any direct cash support to revive the cottage, micro, small and medium enterprises (CMSMEs) sector, where millions of workers lost jobs, though the government proposed some short tax-relief measures. Rather, Finance Minister AHM Mustafa Kamal emphasised proper implementation of the previous stimulus packages of more than Tk 1.24 lakh crore for them.
The government should keep in mind the demands of people of all walks of life while preparing the national budget for 2021-22 fiscal year, analysts said at a discussion organised by NTV, a news channel. "We are going through the toughest financial year. Due to corona, two crore people have become poor. Employment of 2-3 crore people is at risk," said Debapriya Bhattacharya,
A full recovery in garment export may take place by October this year, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA). "We are hopeful because majority of the people in the US have already completed the vaccination and the consumers have started going to the retail outlets, which indicates that the economy is rolling on and