Budget: Ruling coalition fears repercussion

The ruling coalition led by Awami League today feared of repercussion due to the proposed hike in excise duty on bank accounts that will tax people’s savings.
In a press briefing arranged at Awami League’s Dhanmondi office, the coalition demanded revoking the hiked excise duty and that it is given “highest importance”.
It should be given the highest priority. Otherwise, the people’s dissatisfaction will create an adverse impact in the next general election, leaders of the coalition opined.
The alliance leaders termed the excise duty as illogical and said people will be discouraged keeping money in their bank accounts.
Mohammad Nasim, spokesperson of the 14-party alliance, said a discussion took place over the proposed budget in a meeting of the coalition members.

“I hope the finance minister would reconsider the issue of excise duty and uniform 15 percent VAT for the people’s welfare,” Nasim said after the meeting.
Star Online Report
The ruling coalition led by Awami League today feared of repercussion due to the proposed hike in excise duty on bank accounts that will tax people’s savings.
In a press briefing arranged at Awami League’s Dhanmondi office, the coalition demanded revoking the hiked excise duty and that it is given “highest importance”.
It should be given the highest priority. Otherwise, the people’s dissatisfaction will create an adverse impact in the next general election, leaders of the coalition opined.
The alliance leaders termed the excise duty as illogical and said people will be discouraged keeping money in their bank accounts.
Mohammad Nasim, spokesperson of the 14-party alliance, said a discussion took place over the proposed budget in a meeting of the coalition members.
“I hope the finance minister would reconsider the issue of excise duty and uniform 15 percent VAT for the people’s welfare,” Nasim said after the meeting.