The Centre for Policy Dialogue (CPD) on Saturday said revenue shortfall would be approximately Tk 75,000 crore in the current fiscal year (2022-23), causing the budget deficit to widen. "The government borrowed Tk 54,501 crore from the Bangladesh Bank until February and media report the borrowing from the central bank rose
Tag: CPD
CPD proposes imposing inheritance tax to reduce wealth inequality
The Centre for Policy Dialogue (CPD) has proposed imposing inheritance tax in order to reduce wealth inequality, as well as increase revenue collection. The think tank believes that with proper implementation, the tax has the potential to generate an additional revenue of Tk6,000 crore. "Proper collection of property tax, holding tax and
Taxing digital economy to get desired tax-GDP ratio by 2026: CPD
Speakers at a discussion arranged by Centre for Policy Dialogue (CPD) were of the opinion that taxing the digital economy and curbing tax evasion of both domestic and non-resident multinational companies will help improve the tax-GDP ratio in line with the IMF programme for Bangladesh. Bangladesh's tax-GDP ratio can reach 9.4%
Country losing Tk84000cr from informal sector: CPD
Bangladesh is missing tax revenue of Tk84000 crore each year due to irregularities, institution inability and tax avoidance tendency, according to study of Centre for Policy Dialogue (CPD) published on Monday. The study also found that around 68 percent of people do not pay income tax even after earning taxable income. The
CPD for human capital development to attract investment
Centre for Policy Dialogue (CPD) has underscored the need for developing human capital to attract more local and foreign investment in the country. "In order to ensure a breakthrough public and private investment (including FDI), digital and technological development, skill development, innovation and creativity improvement are essential," said CPD Research
CPD questions power tariff enhancement plan
Centre for Policy Dialogue (CPD), a think-tank, has raised questions about the necessity of power tariff enhancement against the backdrop of the concerned ministry's reported proposal for an allocation of Tk 56,860 crore as subsidy. "We don't understand why the Ministry of Power, Energy and Mineral Resources wants to raise
Ensure good governance in banks: Economists say at CPD discussion
Economists, during a discussion today, said the country's banking sector is under threat due to lack of trust and good governance in banks. Influential groups are involved, which is alarming for the economy, they added.They made the observations at a discussion on 'Managing the Economic Crisis', organised by the Centre
Stick to low-cost lending sources: CPD to govt
The Centre for Policy Dialogue (CPD) Thursday advised the government to stick to global lending agencies that offer long-term and low-interest funds to keep the country's economy afloat amid a global economic slowdown. The Dhaka-based think tank said in the wake of a looming food crisis and higher prices of fuel
How to make COP27 a success
Each year, low-emitting countries like Bangladesh are the greatest sufferers and, paradoxically, pay the biggest price in losses and damages resulting from climate change. The most vulnerable communities are the ones who are facing the reality which the COP27 climate summit in Sharm-El-Shaikh is attempting to avert. According to the Centre
Govt could avoid fuel price hike by cleaning up BPC: CPD
The government could have avoided the unprecedented hike in the fuel price by checking corruption, theft and mismanagement of Bangladesh Petroleum Corporation and improving the state-run agency's efficiency, according to the Centre for Policy Dialogue (CPD). The think tank made the observations at a press briefing at its Dhanmondi office in