S Korea to give $700m in loans thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
[media type="image" id="942129" layout="small" position="right" caption="1"][/media] Two major railway expansion projects have plunged into uncertainty as China has decided not to finance one of those and the Chinese contractors for both the projects have refused to work following downward revision of the contract prices.
The government is cautious about addressing the challenges the country would face after its transition to a developing country in 2026. This was reflected in the finance minister's budget speech in parliament on Thursday. "We have already incorporated the necessary strategies for this purpose in the 8th Five Year Plan and a detailed action plan is being prepared by the
Legalising black money: Kamal drops hints of continuation
Staff Correspondent
Staff Correspondent
The controversial move to legalise untaxed money with ease, which was absent in Finance Minister AHM Mustafa Kamal s proposed fiscal measures for the next financial year, might continue, after all. If [the step] is profitable, we will try to continue it. We will see one more month before taking any decision, Kamal said at a post-budget media briefing yesterday.
The option to legalise untaxed income was always present in some form but in June last year, Kamal had expanded the ambit for it.
At present, black money can be whitened by investing it in any sector and without facing any questions on the source of the funds. This opening is due to close at the end of the current fiscal year on June 30.
Fifty-two per cent of electricity consumers in Bangladesh apply for the connection through middlemen instead of going to the distribution offices directly, according to a new survey. The survey was conducted by Infrastructure Investment Facilitation Company, an advisory body of the government under the Economic Relations Division at the finance ministry. The draft report of