Home / Knowledge / News / Apparel/Garments / Govt to investigate illegal cash incentive drawing

Govt to investigate illegal cash incentive drawing

13
Feb '07
Government is considering the investigation of allegations regarding apparel owners and exporters drawing cash incentives from the public exchequer illegitimately.

Finance Adviser A B Mirza Azizul Islam informed media persons after a meeting with leaders of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday that Bangladeshi Government will probe the accusations.

BKMEA leaders, led by their President Md Fazlul Hoque, requested Mirza to direct banks for provision of interest free loans to members of the association against cash incentives, but he did not want to interfere in lending processes of banks.

Leaders also urged the adviser to solve the issues with Benapole landport, revise National Board of Revenue (NBR) rules, raise cash incentives and to clear misunderstandings between NBR and Bangladesh Bank. Mirza promised to discuss these matters with concerned authorities.

Regarding the appeal to increase cash incentives, he informed that revenue collection in the current fiscal is much less than expected.


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Feb 2020

Turkey, Pak want to raise bilateral trade volume to $5 bn

Turkey and Pakistan want to raise bilateral commercial and economic...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

Bangladesh RMG exporters expect order shift from Cambodia

Bangladesh's readymade garment (RMG) exporters feel the suspension of ...

Pic: Shutterstock

Textiles | On 18th Feb 2020

IMF says Indian economic environment weaker than projected

There is an urgent need for more ambitious structural and financial...

Interviews View All

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search