Dhaka Chamber of Commerce and Industry (DCCI), at a meeting under the chairmanship of its President M. A Momen held in the DCCI Auditorium on yesterday to review the Proposed National Budget, 2006-2007 welcomed the budget as a positive one to achieve the targets of SME development and poverty reduction as enshrined in the PRSP. It also pointed out the positive and negative elements of the budget.
DCCI appreciated inclusion of a number of its recommendations in the proposed Budget and called for their implementation in right earnest to boost the private sector investment, diversification of export and broadening of the industrial base of the country.
DCCI praised highest allocation for human resource development with emphasis on education and ICT; Continuation of tax exemption and rebate for agro-processlng, jute and textile industries up to June 30, 2008; Emphasis for development of SMEs; Increase of subsidies to Tk 1200 crore, R&D of Tk 244 crore, and loan of Tk. 6,000 crore for agriculture sector; Increase of total allocation for local government, infrastructure and rural development to Tk. 6,427 crore: Increase in the allocation for energy and power with emphasis renewable energy sector; Reduction of duties on basic and Intermediate products to develop local industries.
Source: The Independent.
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