Dhaka, Jun 25 (V7N)- The government plans to bring additional business sectors, including grocery and cosmetics stores, under a fixed tax system in the next fiscal year. At the same time, it aims to reduce inflation to 7.5 percent, Finance Minister Amir Khasru Mahmud Chowdhury said.
He made the remarks on Wednesday (June 25) while responding to a question placed before the National Parliament.
The Finance Minister said that 30 banks have initiated efforts to recover defaulted loan funds allegedly laundered abroad. As part of the initiative, the banks have signed non-disclosure agreements (NDAs) with nine international legal institutions.
According to him, these institutions will provide necessary assistance in identifying money and assets held overseas in the names of loan defaulters and facilitate their recovery to Bangladesh.
He further stated that, in the first phase, authorities have begun activities focusing on six major cases involving Saifuzzaman Chowdhury, S Alam Group, Beximco Group, Sikder Group, Nasa Group, and Orion Group.
The government expects that these measures will strengthen revenue collection while accelerating efforts to recover funds allegedly transferred abroad through loan default and money laundering schemes.
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