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GSP Plus threshold needs to be negotiated: expert


GSP Plus threshold needs to be negotiated: expert
Debapriya Bhattacharya
Star Business Report
Star Business Report
Bangladesh needs to negotiate with the European Union (EU) over the trade threshold for enjoying the Generalised System of Preferences (GSP) Plus once it graduates from the least developed country category, said a noted economist on Wednesday.
The EU s GSP Plus status allows countries duty-free export to the trade bloc. To be eligible, a country cannot account for over 7.4 per cent of the EU s annual imports.
However, Bangladesh has already crossed the threshold and it is already at 26 per cent now, said Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD). ....

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Don't collect income tax from pvt univs


Don’t collect income tax from pvt univs
SC directs NBR
Staff Correspondent
Staff Correspondent
The Supreme Court yesterday directed the National Board of Revenue not to collect any income tax from the private universities across the country until further order.
The apex court, however, allowed the government to move separate appeals before it against the 2016 High Court verdict declaring illegal the government imposition of 15 percent income tax on private educational institutions, including private universities and private medical, dental and engineering colleges.
A four-member SC bench headed by Chief Justice Syed Mahmud Hossain gave the orders after hearing 44 leave-to-appeal petitions that the government filed challenging the HC verdict. ....

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Bangladesh to outperform Asian peers in economic recovery


Bangladesh to outperform Asian peers in economic recovery
Finds StanChart study presented in BGCCI discussion
Star Business Report
Star Business Report
Bangladesh is likely to recover faster than its Asian peers from the Covid-19 fallout thanks to improving exports, growth in domestic consumption and remittance inflow, according to a study of Standard Chartered bank.
In fiscal 2020-21, the economy will bounce back led by growing exports and remittance, which will also give a boost to consumption, it said.
Anubhuti Sahay, head of South Asia economics research of Standard Chartered Singapore, presented the findings of the study titled 2021 Outlook: The Road to Redemption at a virtual discussion organised by the Bangladesh-German Chamber of Commerce and Industry (BGCCI). ....

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