Wednesday, June 29, 2011

Finance Bill 2011 passed

Finance Minister Abul Maal Abdul Muhith proposed for passage of the bill that included the implementation of government's financial proposals and amendments to several laws.

In the bill, several laws and provisions on tax proposals and duty with financial involvement were amended.

Besides, there is a provision for making effective those provisions in the bill from July 1 of the upcoming fiscal year.

Treasury bench members Md Fazley Rabbi Mian, Muhammad Imazuddin Pramanik and Dhirendra Devnath Shambhu and lone independent lawmaker Md Fazlul Azim proposed for amendments of several provisions of the bill.

Of them, 30 amendment proposals were accepted but the rest of the proposals were rejected in voice votes. The finance minister placed the Tk 1.63 trillion (163,589 crore) national budget for 011-12 fiscal year in the House on June 9.
News Source:
The Financial Express

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