Staff Reporter :
Country’s apex trade body the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) President Abdul Matlub Ahmed said, the budget for the fiscal 2015-16 is investment friendly and pro-people. The FBCCI president said this while talking with the business leaders at FBCCI on Thursday.
The budget is trade and investment friendly, but its implementation is the main challenge, opined the FBCCI leader.
Meanwhile, Dhaka Chamber of Commerce and Industry (DCCI) President Hossain Khalid appreciated the positive side of the budget.
He said that the government would borrow Tk 38,523 crore from the banking sector. It may affect private sector investment, claimed the DCCI president.
The government has decided to import 6,500 mega watt electricity from foreign sources by 2030, he said. He opined that the government should improve the electricity generation capacity instead of import.
The DCCI president welcomed the government’s vision to complete the construction of Padma Bridge by 2018.
He also thanked the government for reducing the corporate tax on the insurance and financial institutions. The corporate tax has been set 40 per cent instead of 42.50 per cent.
The annual development programme (ADP) is Tk 97,000 crore which is bigger than the last fiscal. The implementation of the Annual Development Programme (ADP) may be a great challenge for the government. Proper implementation of ADP is a condition for the betterment of the country, said Hossain Khalid.
Chittagong Chamber of Commerce and Industry (CCCI) Vice-President Syed Jamal Ahmed also echoed like the FBCCI president. The government has presented an investment friendly and pro-people budget. The current budget will remove the economic disparity between the rich and poor, Jamal Ahmed also said.
Rangpur Chamber of Commerce and Industry President Mostafa Sohrab Chowdhury Titu said that the proposed budget would ensure the improvement of human development, agro and rural development and employment generation in the country. The budget is investment friendly, he said.
