Archive for June 10th, 2007
Sunday, June 10th, 2007Finance Adviser AB Mirza Azizul Islam has termed the budget proposed for the coming fiscal year unconventional and realistic and said it's not that ambitious.He said it is unique in that for the first time it includes contingent liabilities, proposes to curtail discretionary powers of the tax officials and seeks feedback from individuals and organisations regarding project implementation.Addressing a post-budget press conference in the capital yesterday, the finance adviser said although necessary steps have been taken, prices of essentials will not mark a significant fall soon due to international market pressure.However, measures have been taken to safeguard the poor.If the ...
(read more) Sunday, June 10th, 2007The Centre for Policy Dialogue (CPD) says it does not find any radical changes in financing the big budget for fiscal 2007-08 announced by the caretaker government.This is a big budget. Success and failure of it will depend on the government's ability to finance and implement its targets, the independent think tank observed."We do not see any radical changes in financing the proposed budget as the finance adviser tried to set it on the fragile financial structure inherited from the previous political governments," CPD Executive Director Dr Debapriya Bhattacharya said at a post-budget press briefing in the city yesterday. ...
(read more) Sunday, June 10th, 2007BNP Senior Joint Secretary General Tarique Rahman, now detained on charge of extortion, his wife and daughter have assets worth around Tk 1.40 crore. According to the wealth statement submitted to the jail authorities, Dr Zubaida Khan Rahman owns more properties than his husband Tarique, elder son of former prime minister Khaleda Zia.Submitted through lawyers--Ahmed Aazam Khan and Shamsur Rahman--on June 7, the statement was meant for Anti-Corruption Commission (ACC). The anti-graft body has recently served notices on a number of graft suspects including Tarique to come up with wealth statements.Going by the statement, Tarique and his wife do ...
(read more) Sunday, June 10th, 2007Welcoming most of the proposals of the budget for fiscal year 2007-08, Metropolitan Chamber of Commerce and Industry (MCCI) in statement yesterday said the budget, although challenging, reflects the need of the time and desires of the people of Bangladesh.The MCCI in its budget reaction however said the increase of customs duties from five per cent to 10 per cent of the minimum slab on industrial raw materials may impact unfavourably on the local industry.It also termed undesirable the imposition of duties on computers in a country with such low levels of information and communication technology (ICT) penetration."The extension of ...
(read more) Sunday, June 10th, 2007Terming the proposed budget as 'pretty balanced considering limited resources', BNP Secretary General Abdul Mannan Bhuiyan yesterday said dependence on foreign aid has not been reduced in the proposed budget, and a reduction in taxes is not enough to control the spiralling of prices of essentials.He also said efforts are not enough for reducing poverty although it is the main goal in the budget.He urged the government not to impose any more tax to cover the huge deficit in the proposed budget.The BNP spokesman also urged for more allocation for the power sector and said, "The allocation for power ...
(read more) Sunday, June 10th, 2007Former state minister for home Lutfozzaman Babar was further remanded yesterday for three days in an arms case while Bengal Group Chairman Abul Khair Litu sent to Dhaka Central Jail on 30 days detention. Dhanmondi police pressed charges against arrested BNP leader and former communications minister Nazmul Huda and ex-BNP lawmaker Salahuddin Ahmed and his son in separate cases the same day.Investigation officer (IO) produced Babar before the court of Chief Metropolitan Magistrate, Dhaka, with a prayer for five days' fresh remand to quiz him about the source of an illegal firearm that was recovered from his possession during his ...
(read more) Sunday, June 10th, 2007A federal judge in California has stayed the proceedings for seven days against Lt Col (retd) Mohiuddin Ahmed, the condemned killer of Bangabandhu Sheikh Mujibur Rahman, after fresh hearing of his case.In his ruling on Thursday, the judge charged the Department of Homeland Security with misleading Congress, particularly those members fighting the deportation order against the convicted killer.However, Mohiuddin's status remains the same. He has been denied asylum status in US and is in danger of being sent back to Dhaka.Mohiuddin has been sentenced to death in absentia in 1998 for his role in the August 15, 1975 ...
(read more) Sunday, June 10th, 2007Chief Adviser (CA) Fakhruddin Ahmed yesterday asked the administration cadre officials to take necessary preparations for successful implementation of the national budget after its finalisation. "Success of the budget depends on its implementation. Officials from the secretariat to field-level will have to properly perform their respective duties to implement the budget so that people can get its benefits," he said at the annual dinner of Bangladesh Administrative Service Association at BIAM auditorium in the city.The CA also directed the officials to get prepared for implementing the Annual Development Programme (ADP) within the stipulated time.Finance Adviser Mirza Azizul Islam announced the ...
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