This document provides information about a study on the 2011-12 national budget of Bangladesh. It lists the names of 8 students participating in the study. It then provides background information on national budgets, defining things like balanced budgets, surplus budgets, and budget deficits. It also provides biographical information on the Bangladeshi finance minister who announced the 2011-12 budget. The document then summarizes some key figures from the budget, including revenue sources, expenditures by sector, and the overall budget deficit. It also gives breakdowns of expenditures by ministry and comparisons of budget allocations across years. Critics' perspectives on aspects of the budget are also mentioned.
This Memorandum summarizes an overview of economy for the year 2015-2016 and the important changes proposed through the Finance Bill 2016. It contains comments on the budget and on the Finance Bill 2016, including highlights of the changes brought through the Income Tax Ordinance, 2001, the Sales Tax Act, 1990, the Federal Excise Act, 2005, the Customs Act, 1969, the Islamabad Capital Territory (Tax on Services) Ordinance, 2001 and Fiscal Responsibility and Debt Limitation Act, 2005. The amendments proposed through the Income Tax Ordinance, 2001 and through other laws are intended to be effective once the parliament has accorded its assent and thereafter, would be effective from July 01, 2016 i.e. tax year 2017 unless otherwise indicated.
This Memorandum is intended to provide general guidance to the readers on the important changes brought through the Bill and should not be considered as a substitute for specific advice relating to a particular enactment. For considering the precise effect of a proposed change, reference should be made to the appropriate wordings in the relevant statutes and the notifications issued where relevant.
Alberto Carrasquilla - Setting the field for a faster growing economy: Colomb...ProColombia
Setting the field for a faster growing economy: Colombia's way forward to foster entrepreneurship and increase productivity.
Alberto Carrasquilla - Minister of Finance, Colombia
This Memorandum summarizes an overview of economy for the year 2015-2016 and the important changes proposed through the Finance Bill 2016. It contains comments on the budget and on the Finance Bill 2016, including highlights of the changes brought through the Income Tax Ordinance, 2001, the Sales Tax Act, 1990, the Federal Excise Act, 2005, the Customs Act, 1969, the Islamabad Capital Territory (Tax on Services) Ordinance, 2001 and Fiscal Responsibility and Debt Limitation Act, 2005. The amendments proposed through the Income Tax Ordinance, 2001 and through other laws are intended to be effective once the parliament has accorded its assent and thereafter, would be effective from July 01, 2016 i.e. tax year 2017 unless otherwise indicated.
This Memorandum is intended to provide general guidance to the readers on the important changes brought through the Bill and should not be considered as a substitute for specific advice relating to a particular enactment. For considering the precise effect of a proposed change, reference should be made to the appropriate wordings in the relevant statutes and the notifications issued where relevant.
Alberto Carrasquilla - Setting the field for a faster growing economy: Colomb...ProColombia
Setting the field for a faster growing economy: Colombia's way forward to foster entrepreneurship and increase productivity.
Alberto Carrasquilla - Minister of Finance, Colombia
Picking up from the previous budget, Budget 2013/14 will play a big role in laying a firm foundation to usher in the devolved system of government. The environment for budget formulation and prudent financial management at the national and county government level is now set, given the passing of requisite legislation, including the Public Finance Management Act, 2012 and the launch of the second strategy for Public Finance Management Reforms in early 2013. Given this state of play one can interrogate the budget process using the PFM, Act 2012 as a benchmark. The three arms of government managed to submit their expenditure estimates to the National Assembly by 30th April. Equally commendable is the fact that for the very first time, the National Government adopted Programme based budgeting (PBB) to present its expenditure estimates in line with PFM reforms.
This document has been prepared by the Finance Team of SED for information purpose only of its members residing both in Bangladesh and abroad, on the basis of the publicly available information in the market and own research. This document is not directed to, or intended for distribution to or use by, any person or entity that is citizen or resident of or located in any locality, state, country, or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation . The information and data presented herein are the exclusive property of SED and any unauthorized reproduction or redistribution of the same is strictly prohibited . No part of this report should be copied or used in any other report or publication or anything of that sort without proper credit given or prior written permission taken from the authorized publisher of this report . This disclaimer applies to the report irrespective of being used in whole or in part .
Picking up from the previous budget, Budget 2013/14 will play a big role in laying a firm foundation to usher in the devolved system of government. The environment for budget formulation and prudent financial management at the national and county government level is now set, given the passing of requisite legislation, including the Public Finance Management Act, 2012 and the launch of the second strategy for Public Finance Management Reforms in early 2013. Given this state of play one can interrogate the budget process using the PFM, Act 2012 as a benchmark. The three arms of government managed to submit their expenditure estimates to the National Assembly by 30th April. Equally commendable is the fact that for the very first time, the National Government adopted Programme based budgeting (PBB) to present its expenditure estimates in line with PFM reforms.
This document has been prepared by the Finance Team of SED for information purpose only of its members residing both in Bangladesh and abroad, on the basis of the publicly available information in the market and own research. This document is not directed to, or intended for distribution to or use by, any person or entity that is citizen or resident of or located in any locality, state, country, or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation . The information and data presented herein are the exclusive property of SED and any unauthorized reproduction or redistribution of the same is strictly prohibited . No part of this report should be copied or used in any other report or publication or anything of that sort without proper credit given or prior written permission taken from the authorized publisher of this report . This disclaimer applies to the report irrespective of being used in whole or in part .
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
4. The budget of a government is
an itemized summary of
expected income and
expenditure of a country over a
specific period.
5. In a balanced budget...
Revenue = Expenditure
In a surplus budget...
Revenue > Expenditure
In a budget deficit...
Revenue < Expenditure
6. ABUL MAAL ABDUL
MUHITH
Qualifications & Achievements:
Mr. Muhith was very brilliant throughout
his student life.
1) 1st place in Intermediate examination
in 1951 from Sylhet MC College.
2) 1st class 1st in B.A (Hons.) in English
literature in 1954 from Dhaka University.
3) Passed his M.A with credit from Dhaka
University in 1955.
4) Studied in Oxford University and
received MPA Degree from Harvard
University.
5) He is the pioneer of Bangladesh
Environment Movement and was also
the founder President of BAPA.
7. Budget: 41th
Budget Announcement: 9th June, 2011
Budget Announcer: Abul Maal Abdul Muhith
Budget Activated: From 1st July
Total Budget: 1,63,589 cr. tk.
Overall Earnings(including revenue & grants):
1,23,323 cr. tk.
( Revenue Earnings: 1,18,385 cr. tk.
Foreign Grants: 4,938 cr. tk. )
9. Tax revenue
(NBR), 56.20%
Taxrevenue
(non-
NBR), 2.40%
Non Tax
revenue
, 13.80%
Foreign
Grants, 3%
Foreign
Loan,8%
Domestic
Financing, 16.6
BUDGET :2011-12
( TAKA 1,63,589 crores)
RESOURCES COMING
FROM
Tax Revenue (NBR)=56.20
% Which is 918.70 crores.
(consists of)
VAT 37.3%
IMPORT DUTY 13.7%
INCOME TAX 30.0%
SUPPLY DUTY 17.7%
10. Government Expenditure basically belongs to two sectors
1. Developement Expenditure
2. Non- developement expenditure
Government Expenditure as per as Budget 2011 would be
: 1,63,589 crores
1. Developement Exp : 47,276 crores ( 28.9%)
2.Non- developement exp : 1,16,313 crores ( 71.1%)
TOTAL EXPENDITURE : 1,63,589 crores ( 100.00%)
11. Development expenditure
Sectors:
1. Social security & welfare =5.3%
2. Public Administration = 5.0%
3. Health = 7.5%
4. Agriculture = 7.3%
5. Education = 12.4%
6. Local govt. & rural dev. = 21.8%
7. Transport & comm. = 16.4%
8. Power & energy = 17.5%
9. Others = 6.8%
47276 CRORES
Non- Development Expenditure
Sectors:
1. Subsidies =8.0%
2. Pension = 4.3%
3. Acquisition of Assets = 3.5%
4. Goods & Services =10.1%
5. Grants in Aid =17.4%
6. Interest = 15.5%
7. Pay & allowances = 18.6%
8. Unexpected allocation = 1.6%
9. Miscellaneous non dev.
investment = 10.6%
10. Others = 10.4%
116313 CRORE
12. Revenue :
(sources)
1. Tax Revenue
(NBR)
2. Tax Revenue
(non-NBR)
3. Non Tax Revenue
RESOURCES
COMING
FROM
Budget deficit :
( to be financed by)
1. Foreign grant
2. Foreign Loan
3. Domestic
Financing
In Budget 2011-12,
Revenue : 1,18,385 crores + Budget Deficit : 45,204 crores = Expenditure : 1,63,589
crores
23. PRIVILEDGE TO TRANSFER BLACK MONEY TO
WHITE MONEY BY BUYING BONDS
TAX EXEMPTION IN THE CAPITAL MARKET
STANDS STILL
MPs MINISTERS & JUSTICES HAVE TO PAY TAX
24. AK Azad, President of
Federation of
Bangladesh Chambers
of Commerce and
Industry,
Liquidity crisis for ADP
Raising tax on foreign
transport
Argument & Criticism
31. Tax revenue is basically of two types
1. Direct tax
2. Indirect tax
paid directly to the government by the
persons on whom it is imposed.
Example: income tax
collected by an intermediary (a retail
store) from the person who bears the
ultimate economic burden of the tax
(consumer).
36. ? ADP ?
? GROWTH RATE ?
? INFLATION ?
? GDP ?
But THE REALITY IS
THERE IS A FEW PEOPLE WHO UNDERSTAND
THESE BUT
THERE IS NONE WHO CAN’T
COMPARE THE PRICE OF 1 KG. RICE AT 2009
AND 2010