SME Times is powered by   
Search News
Just in:   • South Korea's largest AI data centre on the anvil  • Indian stock market opens in green, defies geopolitical tensions  • India’s infrastructure sees rapid progress in last decade as capex surges: FM Sitharaman  • India embraces cashless revolution in last 11 years: Nirmala Sitharaman  • Indian stock market opens in green, IT and PSU banks lead 
Last updated: 06 Sep, 2024  

Vegetables.9.Thmb.jpg Bangladesh slashes duties on vegetable imports

Vegetables.9.jpg
   Top Stories
» Indian stock market opens in green, defies geopolitical tensions
» India’s infrastructure sees rapid progress in last decade as capex surges: FM Sitharaman
» India embraces cashless revolution in last 11 years: Nirmala Sitharaman
» Indian stock market opens in green, IT and PSU banks lead
» RBI booster: EMIs, tenure set to come down for home loan borrowers
IANS | 06 Sep, 2024

Bangladesh's tax collection body, the National Board of Revenue, has reduced taxes on imports of onion and potato to rein in soaring prices of essential kitchen items.

The board has waived the 5 per cent regulatory duty on onion imports and reduced customs duty on potato imports from 25 per cent to 15 per cent, the tax authority said in a statement on Thursday, Xinhua news agency reported.

Apart from this, the board has reduced tariffs on pesticide imports from 25 per cent to 5 per cent to increase the supply of crop protection chemicals.

The tax authority said the reduction will be active until November 30, 2024.

The decision came amid pleas from relevant stakeholders, taking into account the impact of unprecedented ongoing flooding and supply chain disruptions caused by recent political chaos.

According to official statistics, inflation in Bangladesh accelerated to 11.66 per cent in July, the highest in 13 years, mainly driven by higher food prices.


SEE ALSO
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter