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  Finance Minister AHM Mustafa Kamal unveiled a proposed budget of Tk 761,785 crore for the 2023–24 fiscal year in the national parliament today. This is Kamal's fifth budget and the 52nd budget of the Bangladesh government. The proposed budget will be 15.2 per cent of the Gross Domestic Product (GDP), according to the budget speech of the finance minister. Of the total proposed budget, Tk 475,281 crore is allocated for operating expenditures, and the rest, Tk 277,582 crore, for development purposes. The total revenue earnings for the 2023-24 fiscal year have been estimated at Tk 500,000 crore. Of this, NBR will collect Tk 430,000 crore, and the rest will be collected from other sources. The proposed budget's overall deficit, including grants, will be Tk 257,885 crore, which is 5.2 per cent of the GDP. The proposed budget for the 2023-24 fiscal year (FY) placed at parliament shows that the development budget for the Election Commission decreased by Tk 467 crore, from the b...

  Prof Sujit Kumar Bala has been appointed the new chairman of the Dhaka Water Supply and Sewerage Authority (Wasa) board. According to a circular issued on May 22, he succeeded former Dhaka Wasa chairman Dr Golam Mostafa, who, two days prior to being substituted, had alleged that Wasa had become the " personal property " of its managing director, Taqsem A Khan. One would've hoped that the chairman's allegations would have been investigated with due diligence. Instead, he was sacked for speaking up. Needless to say, the move further explicates the disastrous depth of corruption in the organisation and the untouchable position of the Wasa MD. Reports after reports have provided evidence of the MD's wrongdoings, yet nothing has been done to hold him accountable. Even allegations from the chairman couldn't deliver a much-needed shake-up. So, the question is: what reasons do we have to believe that Wasa is anything but the MD's personal property? Taqsem has...

  Nepal today got India's green signal for selling power to Bangladesh using the Indian transmission line. The trilateral arrangement was agreed to by India for the first time, giving a boost to sub-regional cooperation in opening up power trade, reports our New Delhi correspondent. The agreement was reached during talks between visiting Nepalese Prime Minister Pushpa Kumar Dahal and his Indian counterpart Narendra Modi in New Delhi. "Our objective is that 40 megawatt of power from Nepal could transit through the Indian grid and go to Bangladesh," Indian Foreign Secretary Vinay Mohan Kwatra told the media. Kwatra said hydropower cooperation "is a very important element of not just cooperation between India and other countries but the region as a whole. So, in this case, if you were to look at power cooperation, the same between India and Bangladesh stands on its own and India and Nepal have spoken extensively about it. "There is an excellent opportunity to us...