Trade via Banglabandha land port to remain suspended for 10 days

November 03, 2022



Bangladesh's export-import activities with India, Nepal and Bhutan via the Banglabandha land port will remain suspended for 10 days, on the occasion of Durga Puja and Eid-e-Miladunnabi, port authorities said on Friday.

Banglabandha Import-Exporter Group and Phulbari Exporters and Importers Welfare Association of India have taken the decision to keep trading via the land port shut from Friday to October 9.

Port authorities said that export-import activities among Bangladesh, India, Nepal and Bhutan through the Banglabandha land port will resume on October 10.

However, the movement of travellers through the land port will continue as usual, said Banglabandha immigration checkpost officer-in-charge Nazrul Islam.

Keeping poor people under income tax ridiculous: Wahiduddin

November 03, 2022

 Renowned economist Professor Wahiduddin Mahmud said it is ridiculous that the low-income people have been kept under income tax in black and white avoiding any effective measures to tackle the tax dodging of tens of thousands of middle class and rich people and stop the corruption of the tax administration.


At first, the government has to separate the amount of zero tax and minimum income amount of tax to fix the rate of income tax.

Professor Wahiduddin Mahmud made his post-budget reaction on a Facebook post on Friday, UNB reports.

He wrote, “In the proposed budget, tax-free lowest income has been proposed unchanged at Tk 3 lakh despite a skyrocket of the daily necessaries.”

Finance Minister AHM Mustafa Kamal on Thursday unveiled the Tk 678,064-crore national budget for the financial year 2022-2023 with a  special focus on economic recovery from uncertainties caused by Covid-19 pandemic and the Russia-Ukraine war.

FBCCI demands keeping source tax on exports unchanged

November 03, 2022

 The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government not to increase tax at source on export proceeds.


The apex trade body also thanked the government for removing tax discrimination in the export sector as the tax ratefor all types of export-oriented sectors was proposed at 12 per cent in the proposed budget for upcoming fiscal year.

FBCCI President Md Jashim Uddin came up with statement at a press conference on the proposed budget held at the FBCCI building in the capital on Saturday, reports BSS.

Top FBCCI leaders, DCCI President Rizwan Rahman were present, among others, on the occasion.

Finance Minister AHM Mustafa Kamal placed the national budget for next fiscal year, 2022-23, in the parliament on Thursday. In the proposed budget, the finance minister proposed increasing the source tax to 1 per cent from the existing 0.5 per cent.

Regarding the proposal, the FBCCI president said, "The tax at source has been proposed to be increased from 0.50 per cent to 1 per cent which will have a negative impact on exports in the current global situation."

In this regard, Jashim demanded of the government to reinstate the existing tax at source at 0.50 per cent.

He also requested to withdraw the import duty imposed on solar panels since the import duty has been increased from zero per cent to one per cent in solar panels.

He said that the tax at source on supply of raw materials has been reduced from 7 per cent to 4 per cent while the tax at source on supply of commercial products has been reduced from 7 per cent to 5 per cent.

"As tax at source is refundable and increases business cost, so we are calling again for the withdrawal of the tax at source," he added.

Considering the high living cost, inflation, and overall economic situation, the FBCCI President requested the government to reconsider the issue of raising the tax ceiling of individual taxpayers which is Tk 300,000.

He proposed for forming a trade facilitation department under the National Board of Revenue (NBR) splitting the revenue collection and revenue policy operations.

Besides, he demanded of the government for taking steps to adjust the advance income tax in due time through addressing the systematic complexities.

Jashim also proposed for waiving fully the direct tax on the start-ups for 3 to 5 years and ensuring 50 per cent rebate on indirect tax.

Responding to a barrage of questions, the FBCCI President apparently opposed the proposed budgetary provision for giving tax amnesty to bring back the syphoned off money from abroad to the mainstream of the economy.

"I think it should not be allowed, it will discourage the country's honest and loyal businessmen," he noted.

In conclusion, the FBCCI President said, "We think that the proposed budget will be more business, investment and revenue friendly if our recommendations are reconsidered."

TIB wants a roadmap for the promised finance of developed countries to the climate victims.

November 03, 2022

 Transparency International Bangladesh (TIB) has demanded the announcement of a roadmap for providing compensation money promised by the developed countries to the countries affected by climate change.

Iftekharuzzaman, the executive director of the organization, said on Tuesday, “Developed countries have failed to provide the promised $100 Billion in climate finance every year from 2020 to the affected countries which is a prerequisite for the implementation of the Paris Agreement, including achieving the global temperature target of 1.5 degrees Celsius.”

“They provided only $83.3 billion in the last two years of which at best $20 billion is for Climate Fund.”

He stated, “It was not possible to create a separate fund to deal with the damage at the 2021 climate conference due to the barriers of the developed countries. In addition, they have reduced aid to food security, and environmental and biodiversity conservation programs in affected countries. So, considering the whole picture, Bangladesh and other affected countries have to play a strong role to emphasize climate change adaptation, mitigation and financing in accordance with the Paris Agreement in the upcoming summit.”

“As there is no consensus definition of Climate Finance in the Paris Pact, ‘new’ and ‘additional’ aid is being provided as loans. 70 percent of the total global climate finance disbursed so far has been in the form of loans. Difficult criteria for receiving GCF funding have made it more difficult for the affected nations to access needed climate funding. On the contrary, due to rising temperatures and natural disasters, the $100 billion per year pledged in 2009 is no longer sufficient, as climate funding needs will be $140-300 billion per year by 2030. It is therefore necessary to set new collective targets for financing to meet the growing adaptation and mitigation needs of affected countries.

According to TIB, global warming has increased the frequency of floods, tsunamis, cyclones and wildfires globally. However, the use and export of carbon-emitting fossil fuels, especially coal, has increased and financing for the coal-based energy project has also raised. In view of such a global situation, the 27th Conference of Parties (COP27) of the United Nations Framework Convention on Climate Change is going to be held from November 6 to 18 in Sharm Al-Sheikh, Egypt.

TIB suggested, at this year’s Climate Conference, Bangladesh and other affected countries should convince the developed countries to announce a roadmap for timely delivery of the promised compensation.

TIB has presented a total of 16 demands, divided into two parts – what Bangladesh can raise at the COP27 and what the Bangladesh government can do – for the consideration of the concerned parties to ensure the implementation of the Paris Agreement with the assurance of fairness and transparency in the related activities.

For the Bangladesh government, TIB recommended that the authority should continue to prioritize the challenges of climate change, as well as obligations of tackling the unprecedented energy and economic shock stemming from the Russia-Ukraine war.

It further recommended that risky industrialization activities including coal-based power plants should be phased out to protect livelihoods, forests and environment and natural resources; the proposed Integrated Energy and Power Master Plan – IEPMP with a specific roadmap will strategically prioritize renewable energy; short, medium and long-term timed plans should be adopted to increase the production of renewable energy in Bangladesh.

TIB stressed that all projects related to climate change must ensure good governance, integrity and especially effective measures to control corruption

Democracy is not safe under BNP: Quader

November 03, 2022

 Awami League (AL) General Secretary Obaidul Quader today said the values of the Liberation War and democracy are not safe under BNP regime.

“The country’s people are not in any crisis but, in fact, they are in danger because of the BNP,” he said in a statement issued protesting the misleading statement of BNP Secretary General Mirza Fakhrul Islam Alamgir.

Claiming that the people think that the biggest threat to the country’s independence and sovereignty is the BNP, the AL general secretary said the values of the Liberation War and democracy are not safe under the reign of BNP as the people are worried about what BNP would do against the backdrop of their political bankruptcy.

Responding to a statement of Fakhrul that the country is in a deep crisis, he said the country is not in crisis but the BNP is in a deep crisis.

Quader, also the road transport and bridges minister, said BNP leaders threaten everyday to wage a movement but they do not know who is the leader of their movement.

Mentioning that both BNP chairperson Khaleda Zia and its acting chairman Tarique Rahman were convicted, he said one was convicted for embezzling money of an orphanage.

Bangabandhu’s daughter and Prime Minister Sheikh Hasina gave Khaleda Zia the opportunity to receive treatment staying at her home, thanks to the generosity of Sheikh Hasina, the AL general secretary said.

He said another person -Tarique – fled abroad like a coward on undertakings that he would not do politics, while the BNP leader is a fugitive convict in the cases of 10 trucks arms haul and the August 21 grenade attack.

Quader said Tarique has been living a luxurious life staying at a safe distance and throwing sound bombs from there aiming to boost up his leaders and activists, dreaming of the assuming the state power.

The country’s people no more want to go back and see the ‘blessed son of corruption’, founder of Hawa Bhaban and convicted fugitive Tarique Rahman, he said.

The AL general secretary said, the BNP leaders, in their statements, always find the smell of artificial crisis and do the politics of frustration saying that the country’s independence is gone.

The BNP should shun the tactics of such ill-politics, he added.

“It will really be supportive for the country’s politics if BNP returns to the right path by holding the spirit of the Liberation War and democratic values,” Quader said.

Qatar evicts hundreds of migrant workers as World Cup looms: residents

November 03, 2022

 Qatari authorities have evicted hundreds of migrant workers from buildings in central Doha, casting a new shadow over the countdown to the World Cup, residents and workers said Saturday.

Municipal workers and security guards moved into about 12 buildings late on Wednesday to clear and lock them, according to local residents, ahead of the tournament that kicks off on November 20.

The government said the buildings were “uninhabitable”, proper notice was given, and that alternative “safe and appropriate accommodation” had been found for all evictees.

The affected area, largely around Al-Mansoura, has been massively redeveloped in recent years and some World Cup fans will stay in apartments in the district, where dozens of mechanical diggers are parked in the streets.

In the early hours of Saturday, Yunus, a Bangladeshi driver, slept on the back of his flat-bed truck on a street in Al Mansoura, three nights after being forced out of one block.

“The first night it was chaos and there was not enough room for everyone to go to other places,” he said.

In any case, “this truck is my life and I will not leave it until I have somewhere where I can park it” near the new accommodation, he added.

Yunus said it was the third time he had been forced to move in three years.

Migrants — dominated by an influx from India, Pakistan, Bangladesh and Nepal, the Philippines and African nations including Kenya and Uganda — make up more than 80 percent of Qatar’s 2.8 million population.

Qatar has faced intense scrutiny over the treatment of foreign labourers who built most of the shiny new stadiums and transport infrastructure for the World Cup.

The energy-rich state has been criticised over deaths, injuries and unpaid wages.

International unions say there has been a drastic improvement in conditions in recent years and Qatar has highlighted its reforms, but rights groups say more must be done.

– ‘Timing all wrong’ –

The South Asian manager of a 24-hour store in Al Mansoura, who told AFP he saw evictions from two buildings, said most of the workers paid no rent and had no leases.

“They are basically squatters,” he said, on condition of anonymity. “They stay a few months in one building and then are forced to find another.

“They were good clients. I had brought in extra rice because they buy so much, now I am left with it,” the manager added.

“In this case, it is the timing so close to the World Cup that is all wrong.”

Qatar’s World Cup organisers, who have reserved some apartment buildings, referred queries to the government.

Qatar’s government said authorities acted under a 2010 law against “informal and unplanned housing arrangements”.

“Residents found to be living in uninhabitable accommodations with no formal contracts are given the opportunity to move elsewhere in a reasonable timeframe,” a Qatari government official told AFP.

“Officials always ensure individuals are rehoused in safe and appropriate accommodation.”

Residents said most of the evicted men would move to Doha’s huge industrial zone or towns further from the capital.

Most of those evicted do not work for the major companies that provide accommodation and food for labourers.

Many work for a daily rate or for small companies. “They live in these blocks to avoid paying rent. The wages are low so every cent counts,” said one migrant living next to a building that was emptied.

Seven dengue patients die, 983 hospitalized in 24 hrs

November 03, 2022

 Seven dengue patients died while 983 patients were admitted to different hospitals across the country during the past 24 hours (till 8am today).

“As many as 523 dengue patients were hospitalized in Dhaka city and 451 patients were admitted to hospitals outside Dhaka during the past 24 hours,” a press release of the Directorate General of Health Services (DGHS) said.

“A total of 148 people died from dengue disease between January 1 and November 1. The first death from dengue was reported on June 21, this year,” the daily statement of the DGHS said.

With the new cases, the total number of dengue patients this year rose to 39,007 while some 35,261 patients were released from the hospitals.

Dengue fever is a mosquito-borne illness that occurs in tropical and subtropical areas of the world. Outbreak of the disease is usually seasonal, peaking during and after rainy seasons.

The World Health Organization (WHO) classifies dengue as one of the top 10 threats to public health.

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