Finance minister AMA Muhith yesterday had a piece of good news for the poor when he said bank account holders having deposits of less than Tk 1 lakh per year would not have to pay excise duty on them. “The excise duty will be imposed only on those who will keep over Tk. 1 lakh deposit in their bank account. But it will not apply to those who deposit lesser amounts,” he said. The finance minister offered this clarification about excise duty on bank accounts, as it created panic among small account holders and drew criticism from the media after his budget proposal. “I have proposed that there would be no excise duty on bank account balances of less than Tk. 1 lakh,” Muhith said at a post-budget media briefing at Dhaka’s…

Aircraft carrying cargo to European Union (EU) countries directly from Dhaka’s Hazrat Shahjalal…