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Budget 2022-23: Govt proposes to reduce turnover tax for startups

Finance Minister AHM Mustafa Kamal has proposed to reduce the turnover tax for startups from 0.70 per cent to 0.10 per cent in the fiscal year 2022-23. The minister has further proposed to exempt start-ups from submitting all types of reports except income tax returns. AHM Mustafa Kamal said this during while placing the national budget 2022-2...

Budget 2022-23: Education budget rises by Tk 95 billion

The government has increased the allocation for the education sector by Tk 94.95 billion in the proposed budget for the financial year 2022-23, comparing to the previous year. Finance minister AHM Mustafa Kamal revealed this in his budget speech in the parliament on Thursday. The sector, under the ministries of education and primary and mass e...

Budget 2022-23: Food assistance scheme for 5 million low income families

A total of 50 lakh low-income families will get rice at a cost of Taka 15 per kg during five months lean period in a year. “Fifty-lakh low income households will get 30-kg rice at a cost of Taka 15 during the five months-- September, October, November, March and April-- lean period,” Finance Minister AHM Mustafa Kamal said while pla...

Budget 2022-23: Govt prioritises agriculture, allocation increases to Tk82,745 crore

In the latest budget proposal for FY 2022-23, agriculture has been prioritized because of its importance in ensuring food security. “Our priority in agriculture research and expansion service, farm mechanization, irrigation and seed, agricultural subsidies including fertilizer subsidy will continue in the next fiscal year to accelerate th...

Budget 2022: Rise in incentives and subsidies to contain inflation

The government plans to increase incentives and subsidies in the proposed budget for the Fiscal Year 2022-23 to alleviate inflationary pressures in the local market. Finance Minister AHM Mustafa Kamal on Thursday placed the budget proposal for the fiscal year 2022-23 in the national parliament. He proposed an initial allocation of Tk 82,745 cro...