Messages

31

Department of Innovation & Entrepreneurship / What is Non- Performing Loan!!!

« on: June 11, 2017, 05:50:26 PM »

A non-performing loan (NPL) is the sum of borrowed money upon which the debtor has not made his scheduled payments for at least 90 days. A non-performing loan is either in default or close to being in default.

 As per data from Bangladesh Bank, the volume of NPLs has jumped by more than 31 percent to BDT 621.72 billion as on December 31 last year from BDT 513.71 billion (year to year). As a result, the BB issued warning at a meeting with 20 banks on their recovery positions.
 [The Financial Express, June 6,2017, Page:06]

32

Department of Innovation & Entrepreneurship / Banking & Mobile Services are Siblings!

« on: June 11, 2017, 02:45:55 PM »

http://epaper.thedailystar.net/index.php?opt=view&page=20&date=2017-06-11

33

Department of Innovation & Entrepreneurship / Good Opportunity for the Young Entrepreneurs !!!

« on: June 06, 2017, 01:28:37 PM »

In the annual budget (Proposed) of FY 2017-18 presented by Honorable Finance Minister of Our Country Mr. AMA Muhith, there are lots of new opportunities for the young and Small Entrepreneurs of the Country. One of the opportunities is the extended tax exemption threshold.

In the budget of FY 2016-17, the tax free income level (in terms of turnover) was allowed up to BDT 30 lacs for the small & young entrepreneurs. In this new budget (of FY 2017-18), the tax exemption threshold has been increased to BDT 36 lacs which is almost 20% more than that of 2016. It is a good indicator for the young and small entrepreneurs as they are getting patronized by the Government of the People’s Republic of Bangladesh.