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India Today
6 days ago
- Business
- India Today
Bangladesh grants anti-Hasina warriors tax relief like 1971 freedom fighters
The Muhammad Yunus-led interim government of Bangladesh on Monday categorised the wounded protesters who toppled the regime of Prime Minister Sheikh Hasina as 'July Warriors', and offered them a tax-free income of up to 5.25 lakh taka for two years. The tax relief brings them on par with the war-wounded freedom fighters of tax relief came in the first Budget presented by Finance Adviser Salehuddin Ahmed on Monday. This was the first Budget since Hasina was forced into exile in a massive uprising that reportedly saw the deaths of around 1,500 tax relief to the 'July Warriors' came even as the government was under attack from all sides over providing care to the protesters injured and maimed in the crackdown during the July-August protests of last year. The Dhaka Tribune's portal reported that a "new personal income tax category called 'July warriors' has been introduced by the government, offering tax relief on incomes up to Tk5,25,000 for two years beginning in the 2026–27 fiscal year".The report also said that the tax-free income limit for the 1971 war-wounded freedom fighters has been raised from 5 lakh taka to 5.25 lakh brings the July Warriors on par with the wounded freedom fighters of the 1971 Liberation War of February, the Yunus government officially recognised 1,401 individuals as 'July Warriors' for their role in the protests that forced the Awami League regime to step down in August 2024, reported the Dhaka 405 CRORE ALLOCATED FOR JULY PROTEST VICTIMS' FAMILIESadvertisementAn amount of Tk 405.20 crore was also allocated in the budget for the rehabilitation and welfare of the families of those martyred and injured in the July his budget speech, Bangladesh's finance adviser also announced that a policy will soon be introduced to provide financial allowances to the families of those killed or injured in the July this, the Yunus government has set up a "July Mass Uprising Directorate to preserve the movement's legacy and oversee medical treatment and rehabilitation efforts for the wounded and their families", reported the Dhaka-based Business InMust Watch
Yahoo
16-04-2025
- Business
- Yahoo
ACC Raids BCB Over Alleged Corruption and Irregularities
The Anti-Corruption Commission (ACC) conducted an enforcement operation at the Bangladesh Cricket Board (BCB) headquarters in Mirpur, following specific allegations of financial misconduct and irregularities. The three-member ACC team, led by Assistant Director Al Amin, carried out the operation based on a letter from ACC headquarters outlining the concerns. After inspecting various departments for over an hour, Al Amin briefed the media, confirming that the ACC is investigating three separate allegations: corruption in team selection for domestic leagues, discrepancies in ticket revenue from the Bangladesh Premier League (BPL), and fund embezzlement during the Mujib Centenary celebrations. The ongoing Third Division Qualifying League is at the center of the selection-related probe. After a fee hike in 2014-15 from Tk75,000 to Tk5 lakh (approx. $910 to $4,550), participation dropped significantly. This year, with the fee reduced to Tk1 lakh (approx. $910) and conditions relaxed, 60 teams entered. Al Amin noted that previous low participation might have been influenced by internal pressure or restrictions, which the ACC is now investigating. Regarding BPL ticket sales, Al Amin highlighted that Tk13.25 crore (approx. $1.2 million) was earned in the latest season, almost equal to the Tk15 crore (approx. $1.37 million) collected over the previous ten editions combined. This sudden surge has prompted a closer review of ticketing records. The Mujib Centenary celebrations in 2020–21 are also under scrutiny. Assistant Director Mahmudul Hasan stated that although Tk25 crore (approx. $2.3 million) was reported as expenses, actual spending was closer to Tk7 crore (approx. $637,000), with Tk2 crore (approx. $182,000) from ticket sales allegedly unaccounted for. BCB Chief Executive Nizam Uddin Chowdhury assured full cooperation with the investigation. "All relevant departments have been instructed to provide the necessary documents to the ACC. We are committed to maximum cooperation. As the investigation is ongoing, it would not be appropriate to comment further at this stage," he said.
