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Tag Archives: economy

‘Transparent public finances must for resilient economy’

Dhaka, July 11 – Experts at a webinar on Saturday said Chartered Accountants (CAs) can play a vital role in economic recovery by taking particular care in their conduct and judgments as fair information, accountability, and transparent public finance are important to develop a strong and resilient economy in the backdrop of the Covid-19 pandemic. Read More »

Courtesy of Corona

M ZAHIDUL HAQUE BY the courtesy of Corona, drastic changes have taken place in occupational, societal and human relations disciplines. COVID-19 pandemic has changed human behaviour and the pattern of human interaction. Social and organizational communications are getting more and more dependent on virtual working. Read More »

Mobile payments help people during the pandemic

By Sonja Davidovic, Delphine Prady and Herve Tourpe Jun 22 2020 (IPS) – The practical challenge of quickly getting financial support in the hands of people who lost jobs amid the COVID-19 economic crisis has baffled advanced and developing economies alike. Economic lockdowns, physical distancing measures, patchy social protection systems and, especially for low-income countries, the high level of informality, ... Read More »

IMF projects deeper recession, slower recovery

It revises down 2020 global economy forecast to contraction of 4.9 pct Dhaka, Xinhua/UNB, June 25 – The International Monetary Fund downgraded its outlook for the coronavirus-hit global economy, projecting a significantly deeper recession and slower recovery than it anticipated April. Read More »

Taxation proposals made in Bangladesh Budget 2020-21

Chapter Six: Revenue Collection Activities Madam Speaker 157. Till now I have discussed the expenditures of the Government. Now we shall focus on the sources of the expenditures. The major share of the expenditures will come from internal resources which will be collected by the National Board of Revenue (NBR). Internal revenue collection target is set on the basis of ... Read More »

BD Budget 2020-21 sets 8.2 pc ambitious GDP growth target

Finance Minister AHM Mustafa Kamal on Thursday set an ambitious target of 8.2 percent GDP growth  for the next fiscal with a comprehensive plan that includes four main strategies  although he himself admitted that all calculations about the global economy have turned upside down under the impact of the COVID-19 global pandemic. “The Asian Development Bank has made a forecast of 7.8 ... Read More »

Budget to overcome negative impacts with 4 key

Amid coronavirus crisis, the government has taken up a comprehensive plan with four main strategies discouraging luxury expenditures and prioritizing government spending that creates jobs. “We have taken a comprehensive plan to overcome the possible negative impacts of the pandemic on our economy and people,” Finance Minister AHM Mustafa Kamal said while placing the proposed budget for the fiscal year ... Read More »

Budget proposes raising tax-free income threshold

The government has decided to change the tax-free threshold of income, tax rates and tax slabs for taxpayers other than companies and local authorities, especially individual taxpayers. Finance Minister AHM Mustafa Kamal on Thursday proposed the changes as a gift of the ‘Mujib Borsho’ while placing the proposed budget for 2020-21 fiscal. He proposed to increase the tax-free income threshold ... Read More »

Economic Ghosts Block Post-Lockdown Recovery

By Jomo Kwame Sundaram KUALA LUMPUR, Malaysia, Jun 9 2020 (IPS) – As governments the world over struggle to revive their economies after the debilitating lockdowns they imposed following their failure to undertake adequate precautionary containment measures to curb Covid-19 contagion, neoliberal naysayers are already warning against needed deficit financing for relief and recovery. Read More »

Certainties and responses: Bangladesh Budget 2020-21

Ruling 14-party alliance led by Prime Minister Sheikh Hasina is full of activity with the formulation of Budget 2020-21 under such landscapes when the world is befuddled and challenged with COVID-19, which shall be placed in Parliament very soon so that it rightly gets passed conventionally on 30 June 2020. Read More »

Steelmakers place want stimulus ahead of national budget

Ahead of the Finance Minister placing the national budget for the 2020-21 fiscal in Parliament, the country’s steel manufacturers have placed an 8-point list of demands, including extension of bank loan repayment date by 6 months, for which they wouldn’t like to see the central bank degrade their status as borrowers. Read More »

America’s unhappy middle

by Branko Milanovic on 1st June 2020 @BrankoMilan Branko Milanovic unpacks the malaise of the US middle class and its implications for Democratic strategy towards the presidential election. The voting behaviour of the American middle and lower-middle-class was, according to many, one of the reasons for the (unexpected) victory of Donald Trump as the Republican candidate in the 2016 presidential ... Read More »

A global economy in unchartered waters

by John Evans on 3rd June 2020 Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it. Economic commentators have cautioned against drawing parallels between the economic impact of the Covid-19 pandemic and that of the financial crisis of 2008-09 and the ensuing great recession. Read More »

Recessions in wake of Covid-19: This time it’s really different

By Vladimir Popov and Jomo Kwame Sundaram BERLIN and KUALA LUMPUR, Jun 4 2020 (IPS) – The world economic contraction so far this year is largely due to measures, especially at the national or local level, to contain or prevent Covid-19 contagion, particularly those restricting business operations, thus reducing economic activity, output, incomes and spending. Read More »

A global economy in unchartered waters

by John Evans on 3rd June 2020 Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it. Economic commentators have cautioned against drawing parallels between the economic impact of the Covid-19 pandemic and that of the financial crisis of 2008-09 and the ensuing great recession. Read More »