Industry
Effective taxation is necessary to restrain cigarette consumption
Smoking is one of the leading causes of preventable death worldwide. In Bangladesh, every year, about 161,000 people die due to the use of cigarettes and other tobacco products. It affects people regardless of age, especially lower-income people, as one-fifth of their income is spent on buying tobacco products. Apart from this, a large sum of money is spent on the treatment of diseases caused by tobacco use. The total loss we incur from cigarettes is many times greater than the revenue from cigarettes. According to statistics, in the fiscal year 2017-18, BDT 22,810 crore was received from taxation of selling tobacco products, but in the same year, the healthcare cost due to tobacco-related illness was BDT 30,560 crore.
Our future lies in industry
Export is the most crucial pillar of our economic development. The trajectory of our economy is not actually set on the lines of India's development, but rather on a trajectory of perennial tradition. It’s manufacturing-centric. The countries that have developed, such as the United States, the United Kingdom, or the European Union, have primarily advanced by focusing on the manufacturing sector. Countries in East Asia such as Singapore, South Korea, Thailand, and Malaysia are referred to as the East Asian Miracle. These countries have also built their economies by emphasizing the manufacturing sector. Bangladesh has also been formulating development strategies by emphasizing the manufacturing sector.
PM seeks WB special fund for women entrepreneurs
Prime Minister Sheikh Hasina has sought a special fund from the World Bank (WB) to create more women entrepreneurs for their socio-economic advancement and more loan at concessionary rate to implement climate related projects.
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