Business
Experts for continuation of 15% VAT exemption for domestic compressor, refrigerator industry
Experts have called for the continuation of the 15 percent value added tax (VAT) exemption for the domestic compressor and refrigerator manufacturing industry.
The supply crunch of raw materials and spare parts in the international market has resulted in price hikes. The prices of refrigerators have already gone up at the consumer level.
So, experts have suggested maintaining VAT exemption and providing more assistance to the industry.
Read: Nagad training workshop with Postal officials held
VAT exemption on compressor and refrigerator production was extended for one year in the budget for the fiscal year 2021-22.
Economist Abu Ahmed, honorary professor at the economics department of Dhaka University, said: "Bangladesh has made big strides in manufacturing compressors and refrigerators. Domestic companies are doing very well in this sector."
"So, it is necessary to increase the duration of VAT exemption for the domestic compressors and refrigerators manufacturing industry."
Bangladesh Trade and Tariff Commission Chairman Afzal Hossain said: "The existing 15 percent VAT exemption on compressor and refrigerator manufacturing industry is conducive to boosting the domestic industry. We will seriously consider the demand for any policy support sought by domestic entrepreneurs."
Read: Banglalink's digital services marketplace AppLink launched
The proposal for extending the duration of VAT exemption for the compressors and refrigerators manufacturing industry will be seriously considered for the development of domestic industries, Industries Secretary Zakia Sultana said.
Railway Job Circular: Application for the post of Railway Booking Assistant has started, post 153
The application for the post of Booking Assistant Grade-2 in the revenue sector of Bangladesh Railway has started from April 8. Recently, a job circular was published to recruit 153 employees for this post. Candidates from all districts can apply for this post. Interested candidates need to apply online.
Railway Job Details:
Position Name: Booking Assistant Grade-2
Number of posts: 153
Eligibility: HSC / equivalent pass. Must be proficient in computer management.
Salary Scale: TK.9,700-23,490
Read Primary Teacher Recruitment: 23 instructions for candidates for the post of primary assistant teacher
Railway Job Age limit
Candidates must be between 18 and 30 years of age on April 1, 2022. However, in case of children of Bir Muktijoddha / Shaheed Bir Muktijoddha and physically challenged candidates, the maximum age is 32 years. The maximum age for grandchildren of heroic freedom fighters / martyrs is 30 years.
How to apply on Bangladesh Railway Job:
Interested candidates need to apply online through this website. Detailed information regarding application process, application fee submission procedure and recruitment can be found at this link. If you have any problem to apply online, you can call 121 from Teletalk number. You can also e-mail to [email protected].
In this case, the name of the company, the name of the position, the applicant user ID and the contact number should be given in the subject of the mail.
Read PWD Job Circular: Large Recruitment for the Department of Public Works, Vacancy 449
Railway Job Application fee
The application fee and service charge of Tk 112 has to be submitted through Teletalk pre-paid number within 72 hours of application.
Application deadline: May 17, 2022, Until 5 p.m.
E-commerce platform Nagad Mela launched
Mobile financial services provider Nagad, in partnership with business technology solution provider DotLines, has launched the e-commerce platform Nagad Mela for its customers.
Nagad Mela is a one-stop marketplace developed with a mix of local small and medium- businesses. It has more than 10,000 products in six popular categories.
Customers can access Nagad Mela through the Nagad app. They can also access this platform by directly visiting its website.
Read Zakat can be donated to Islamic organisations through Nagad
The platform sells everything from electronics to mobile phones, lifestyle products, baby apparel and toys, personal care and home decor items.
With Eid-ul-Fitr around the corner, customers can now enjoy up to 60 percent instant cashback on their purchases.
Nagad Mela aims to ensure that products are delivered within three to five days using E-Courier's countrywide network.
Read Eid: Nagad offers up to 35% cashback, discount on shopping
IBBL Head Office Complex branch holds discussion, hosts iftar party
Head office Complex Corporate branch of Islami Bank Bangladesh Limited (IBBL) Tuesday organised a discussion on the holy month of Ramadan, and hosted an iftar party in the capital.
Mohammed Monirul Moula, managing director and chief executive officer of the bank, addressed the programme as chief guest.
Lawmaker Tahjib Alam Siddique also spoke the programme.
Mohammad Muhibbullahil Baqee, a member of the shariah supervisory committee of the bank, was the main discussant at the event.
IBBL Deputy Managing Director Taher Ahmed Chowdhury; senior executive vice-presidents Md Mahboob Alam, Md Maksudur Rahman, and Executive Vice-President Muhammad Kamaluddin also attended the programme.
Md Mahbub-a-Alam, executive vice-president and head of the branch, presided over the event.
Japanese yen plunges to near 20-year low against U.S. dollar
The Japanese yen tumbled to a near 20-year low against the U.S. dollar on Wednesday, traders said, leading the government here to voice its concerns over such volatility in currency markets.
During Tokyo trading, the Japanese currency plunged to the lower 126 yen mark against the dollar, logging its weakest level since May 2002.
Read: 63 percent of Americans rate U.S. economy as bad: poll
The yen was moving mainly in the lower and mid-125 yen zone earlier in the day, they said.
Japan's top government spokesperson Chief Cabinet Secretary Hirokazu Matsuno told a press conference that such "rapid currency movements are undesirable."
Matsuno added that "Japan will monitor currency market developments, including the yen's recent depreciation, and their impact on the economy with vigilance."
Read: World Bank says war shocks to drag on Asian economies
The Japanese currency sank as rising U.S. Treasury yields are pushing investors to piling into the U.S. dollar, exacerbating concerns about a widening monetary policy gap between the Bank of Japan and the U.S. Federal Reserve.
IBBL relocates its Rampura Branch
Rampura Branch of Islami Bank Bangladesh Limited (IBBL) has been shifted to MG Tower, 389/B, DIT Road, Dhaka.
A re-opening ceremony and Iftar mahfil was held recently said a press release issued on Tuesday.
Mohammed Monirul Moula, Managing Director and CEO of the Bank inaugurated the relocated branch as chief guest.
Also read: IBBL Khulna holds agent banking conference
Md Enamul Karim, Deputy Registrar of the National University presented a discussion on "Mahe Ramadan for Universal Welfare".
Presided over by Muhammad Sayeed Ullah, Head of Dhaka North Zone of the Bank, Mohammad Jamal Uddin Mazumder & Mizanur Rahman, Senior Executive Vice Presidents were present on the occasion.
Md Didar Hossain, Head of Rampura Branch addressed the welcome speech.
Also read: IBBL Jashore holds business development conference
Abdul Kader Sarder, Head of Paltan branch, officials of Rampura branch, client and local dignitaries were present on the occasion.
Budget needs realistic expenditure plan for pandemic recovery: CPD
The Centre for Policy Dialogue (CPD) has urged the government to prepare a realistic budget with a clear implementation pathway for the upcoming fiscal year 2022-23.
The CPD, a think tank and research organization, also gave some recommendations for the budget focusing on the country’s graduation to a developing economy by 2026, budget implementation structure strengthening and budget allocation based on risk factors and their recovery plan.
Also read:Food prices much higher in Bangladesh than global markets: CPD study
The CPD disclosed its budget recommendation at a press conference, held at CPD’s office in Dhanmondi on Tuesday.
Dr. Fahmida Khatun, CPD’s Executive Director, read out the budget proposals, while professor Mustafizur Rahman, distinguish fellow of CPD, Khondaker Golam Moazzem, research director and Towfiqul Islam Khan, senior research fellow, replied to queries from reporters about the recommendations.
The CPD stressed on reforming the overall tax-revenue sector both in technological advancement and institutional capability and set a unified tax system along with justifying tax exemption facilities.
After graduation, Bangladesh will face a challenge on imposing import duty, which is needed to adjust in the revenue earning plan in line with the post-LDC situation.
The CPD urged more transparency, institutional accountability in public expenditure along with in general accessibility in the data of public expenditure to ensure good governance.
Export incentive sector needs to reform with a unified system so that the real eligible sector can only get the incentives.
The CPD urged to increase budget expenditure in education, agriculture sector, children and women health development to build a healthy and developed nation by 2030.
The budget recommendations have also focused on increasing allocation for social safety nets in phases for pandemic recovery and global impact of food price hike.
The recommendations said that the marginal people are very much suffering due to the pandemic, while food inflation pushing price hike makes their life miserable further.
Also read: Budget implementation failure lack of available data: CPD
The fixed income group and marginal people would face nutrition problems if the food becomes costlier as their income was affected by the pandemic and it is not resilient so far. The budget needs to set incentives for marginal people in different shapes like subsidies in food prices.
The think tank proposed a stable exchange rate of Bangladesh Taka with US dollar as it impacted both the price hike of commodities in the domestic market and increased the price of industrial production cost.
Appreciating the government strategy of pandemic recovery, CPD said the government policy is right but implementation is complex and sometimes delay the process of distribution.
PWD Job Circular: Large Recruitment for the Department of Public Works, Vacancy 449
The Department of Public Works has officially published the recruitment circular to fill the vacancies created. This job circular has been published on the official website www.pwd.gov.bd. Minimum educational qualification for applying in PWD is SSC / equivalent pass. The recruitment circular mentions direct recruitment of manpower for 449 vacant posts of 07 (seven) category of 3rd class. Interested candidates can apply online till 31st May 2022. Let's know more details of job Circular 2022 of PWD.
PWD Recruitment Circular 2022
Name of the Organization: Public Works Department (PWD)
Type of Job: Government Job
Vacancy: 449 people.
Job Nature: Full Time
Age limitation: 18-30 (general)
Qualification: Minimum SSC / equivalent pass.
Gender: Both Male and Female can apply
Job Location: Bangladesh.
Application Fee: TK. 104 / -
Salary Range: Maximum Tk. 24,680 / -.
Official Website: www.pwd.gov.bd.
Application Process: Online, Website http://recruitment.pwd.gov.bd
Application Deadline: From 18/04/2022 to 31/05/2022.
See the qualifications and other information along with the detailed post names of the Public Works Department (PWD) Recruitment Circular 2022.
Read: Job Circular at BIWTA: Large Recruitment for Bangladesh Inland Shipping Authority, Vacancy 363
Public Works Department (PWD) Job Circular 2022 details information is given below:
The Department of Public Works (PWD) of the Ministry of Housing and Public Works is inviting online applications from the permanent residents of Bangladesh only to fill up the vacancies in the 3rd class in grades 14 to 16.
1. Position Name: Steno typist cum Computer Operator
Number of posts: 24
Salary: TK. 10,200-24,680
Grade: 14
Eligibility: Bachelor's / equivalent degree. The speed of shorthand in Bengali and English is 45 and 60 words per minute respectively. Computer typing speed 25 and 30 words per minute in Bengali and English respectively.
2. Position Name: Surveyor
Number of posts: 14
Salary: TK. 10200-24680
Grade: 14
Eligibility: Diploma holder in survey.
3. Position Name: Designer
Number of posts: 108
Salary: TK. 9600-23490
Grade: 15
Eligibility: Passed secondary examination with drafting certificate.
4. Position Name: Working Assistant
Number of posts: 23
Salary: TK. 9300-22490
Grade: 16
Qualification: Higher Secondary / equivalent degree.
5. Position Name: Office Assistant Work-Computer Typist
Number of posts: 180
Salary: TK. 9300-22490
Grade: 16
Qualification: Higher Secondary / equivalent degree. Computer typing speed 25 and 30 words per minute in Bengali and English respectively.
Read: Bangladesh Railway Job: Bangladesh Railway will hire 153 people
6. Position Name: Accounting Assistant
Number of posts: 101
Salary: TK. 9300-22490
Grade: 16
Eligibility: Secondary / Higher Secondary / equivalent degree.
7. Position Name: Tracer
Number of posts: 1
Salary: TK. 9300-22490
Grade: 16
Eligibility: Secondary / equivalent degree.
NB: The age of the applicant should be 18-30 years on 17/04/2022, but the children of freedom fighters or the physically challenged can apply up to 32 years.
How to Apply PWD Circular
Gonopurto Odhidoptor Niyog Biggopti . Application in Department of Public Works (PWD) Recruitment Circular 2022 has to be completed in 2 steps. In order to apply, first you have to fill the online form and collect the application form. In the 2nd step, you have to deposit TK. 224 / - through the online application fee through the payment gateway using the application code mentioned in the application form.
Let's see (rpcl.gov.bd) application process
1st step: Online Apply
2nd Step: Payment of Application Fees.
Read How to ace a Job Interview?
Online Application Procedure (PWD Job Online Apply)
· First enter the website http://recruitment.pwd.gov.bd.
· Then you have to select the terms and fill the form correctly.
· No inaccurate or misleading information can be provided in the form.
· At one stage of filling up the Parthi form in the online application form, you have to upload the photo and signature of the correct size, see the size below.
· Image 300 × 300 pixels, maximum 100kb and JPG format.
· Signature 300 × 80 pixels, maximum 60kb and JPG format.
· A copy of the certificate of education, experience, skills etc. of the applicant should be uploaded with the application.
· At the end of the day you need to save the color pintcopy of the application form filled online.
Read: BBC Media Action Job Circular: bbcmediaaction.org
Charge Payment Method - PWD Job Payment of Application Fees
· Candidates who have completed the application form correctly will get an application code, photo and signed Applicant’s Copy.
· The candidate will download the applicant's copy and save it by color pint.
· Fill the form and submit the online application fee through the payment gateway.
· A total of Tk. 104 / - including TK. 04 / - for examination fee and TK. 104 / - for service charge has to be submitted online.
Application Deadline (PWD Govt Circular Application Deadline)
Department of Public Works (PWD) Recruitment Circular 2022 Online Application Deadline is 17th April from 10.00 am to 31st April 2022 at 5.00 pm and application fee can be paid up to 72 hours after applying online.
Official Circular (PWD Govt. Job Circular 2022)
The Public Works Department (PWD) Recruitment 2022 must apply after seeing the official Circular. Public Works Department (PWD) Job Circular 2022 Official Circular PDF Download link is below:
Written and Oral Examination of PWD Job
Candidates can also get all the information about the written and oral examination through the official web site of the Department of Public Works (PWD) www.pwd.gov.bd.
Read Best Job Searching Websites in Bangladesh
63 percent of Americans rate U.S. economy as bad: poll
A whopping 63 percent of Americans rated the U.S. economy as bad, with 86 percent saying it was because of inflation, closely followed by gas prices at 82 percent, showed a new CBS News poll released on Sunday.
In terms of lowering gas prices, the majority of the respondents, at 65 percent, believed that the government "can do more."
Also Read: Global shares mixed with eyes on inflation, US economy
In addition, "pocketbook issues -- the economy and inflation -- rank as top priorities for Americans," said the survey, noting that " (Joe) Biden continues to get low marks on handling them."
Also Read: Trump addresses coronavirus' heavy impact on the US economy
Nagad training workshop with Postal officials held
Postal Department's Mobile Financial Service 'Nagad' organised “Workshop 2022“ with the objective of providing guidance to BPO officials in conducting operations of the Bangladesh Postal Department and Nagad.
The training workshop was held on Monday in the auditorium of the Directorate of the Posts in the capital’s Agargaon.
Mustafa Jabbar, Minister for Posts and Telecommunications, was present as the Chief Guest of the training workshop, while Md. Khalilur Rahman, Secretary of Posts and Telecommunications Division was present as a special guest, along with other senior officials from the Postal Department.
Also read: Nagad Islamic brings zakat calculator
Md. Siraz Uddin, Director-General of the Postal Department, presided over the workshop which was also attended by Md. Shafayet Alam, Executive Director of Nagad, Lt. Col Md. Kousar Soukat Ali (retd), Chief External Affairs Officer of Nagad and Md. Mahbub Alam, PPM, DIG (retd) among others, says a press release.
Speaking as the chief guest on the occasion, Mustafa Jabbar said, “Nowadays, Nagad has taken the position of the postal department's money order. Nagad has gone a long way today, thanks to the hard work. I was surprised when Nagad first approached me with the concept of registering an account in a minute.”
“Many organizations have tried to compete with bKash, but none have succeeded. However, Nagad has gone far more than 'bKash' by bringing innovations. Tanvir and Shafayet deserve credit for this,”he added.
Read Healthcare payments: Nagad offers discounts of up to Tk2,350
Khalilur Rahman said, “Nagad conducts everyday transactions of Tk 750 crore. The consumer base has grown to six crores in a very short period of time.”
Through the workshop, local BPO officials were informed about the journey and activities of Nagad from the beginning of the journey to the present, as well as detailed operations of each department and subdivision of the organization (sales, customer service, finance and accounting, innovation and technology, legal, and external affairs) and steps taken by Nagad so far to prevent fraud.
During the workshop Md. Shafayet Alam, Executive Director of Nagad highlighted the various activities of 'Nagad' to the participants present and addressed various questions.
Also read: Nagad wins 'Best Innovative Digital Financial Services Brand' award
Besides, BPO officials shared their important views on the Nagad and Postal department’s current and future achievements during the workshop.
Previously, training workshops were held in Chattogram, Sylhet, Khulna, Barishal, and Bogra for all top officials from the Bangladesh Postal Department's Eastern, Northern, and Southern divisions who operate across the country. Following this, the training workshop on Mobile Financial Services Nagad was organized in Dhaka today. As of now, about 400 officials, including top officials from the Postal Department and the Post Directorate, have received an overview of Nagad through these workshops which also covered Nagad's journey to success in attaining financial inclusion, and local and international recognitions.
Read Eid: Nagad offers up to 35% cashback, discount on shopping