Economy

Source tax on gold import to be obliterated to control smuggling

Shawdesh Desk: Bangladesh government mulls to cut existing 5% taxes on gold imports to encourage the import on legal routes through authorised dealers, sources from the finance ministry confirmed. Gold

Elon Musk declares end to remote working at Tesla

Shawdesh desk: Tesla boss Elon Musk has ordered staff to return to the office full-time, declaring that working remotely is no longer acceptable. The new policy was shared in emails

Remittance inflow drops by 13% in May

Shawdesh Desk: Remittance inflow dropped by 13.15 per cent in May compared to the same month last year. Experts opine that inflow of remittance declined as the expatriate Bangladeshis are

Purchase committee approves 17 proposals

Shawdesh Desk: The Cabinet Committee on Government Purchase (CCGP) today approved a total of 17 proposals, including the import of 33.60 lakh MMBtu LNG to meet the growing demand. The

Economists for ‘cautious appreciation’ of dollar

Shawdesh Desk: As the price of dollar against taka rises, the economists think the government should go for “cautious appreciation” of dollar keeping a balance with inflation. They said this

Drives against illegal rice hoarders begin

Shawdesh desk: The government launched drives across the country against illegal rice hoarders from Tuesday, said the Food Ministry. Eight teams of the ministry started the drives to detect those

Import of Indian Power: Bangladesh to explore 3 new delivery points

Shawdesh Desk: Bangladesh has sought to explore three new delivery points to import electricity from India. The delivery points will include: from Jirat (India) to Jashore (Bangladesh), from Rajarjat (India)

Main focus of next budget should be to control inflation: economists

Shawdesh Desk: Two leading economists of the country, while shedding lights on the next budget for FY23, said controlling inflationary pressure is now the main challenge of the economy and