In a bid to ensure tax compliance, the National Board of Revenue (NBR) has directed the office of the Registrar of Joint Stock Companies & Firms (RJSC) to freeze the transfer of shares of seven conglomerates, including S Alam and Beximco Group, which have thrived under the Awami League rule.
The NBR instructed the RJSC to immediately block any sales or transfers of shares, whether through donations or otherwise, by Bashundhara Group, Orion Group, Summit Group, Beximco Group, S Alam Group, Nassa Group, and Third Wave Technologies Ltd (Nagad Ltd), according to a letter from its Central Intelligence Cell (CIC).
The CIC said that under the Income Tax Act, it has the authority to block or seize taxpayers properties temporarily to prevent tax evasion.
Inflation in Bangladesh dropped to 9.92% in September from 10.49% in August, according to data from the Bangladesh Bureau of Statistics published today (2 October).
Food inflation fell from 11.35% to 10.4% in September, while non-food inflation dropped from 9.74% to 9.5%.
In August, the country inflation dropped to 10.49% from record 11.66% in July, marking a 1.17 percentage point decline – the largest decline since 2013.
Labourers have not yet received their rightful share in the development of Bangladesh over the past decade, said Debapriya Bhattacharya, head of the committee for drafting a white paper on the country economy.
After a meeting with labour leaders today (30 September) in the Planning Commission, Debpriya said labour leaders have pointed out that the wages given to the workers are inadequate.
He also highlighted that the necessary social protections for workers are insufficient, such as housing and maternity leave.
Cash-strapped Sri Lanka economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 percent.
Census and Statistics Department data showed price drops in both food and non-food goods contributing to deflation in September, compared to inflation of 0.5 percent in August.
Sri Lanka last recorded deflation in March 1995 with a figure of negative 0.9 percent. The previous price fall to that was in 1985, when inflation was negative 2.1 percent.