Budget 2014-15: Let's take a look at the things that will go down and up

The Dhaka Times Desk The budget for the financial year 2014-15 was presented in the National Parliament yesterday. The size of the proposed budget is 2 lakh 50 thousand 506 crores. But various criticisms are going on across the country regarding this budget.

- Someone says, it is a luxury budget. Someone is saying that implementing this budget is a tough challenge for the government. However, like other times, no one has said the budget to kill the poor. The reason for this is that the BNP and the 19 parties are calling the current government 'illegitimate' and saying that this government has no right to give the budget.

But whatever the case may be, the common people have to pay the price all the time. Because the big people don't care if the prices of things go up. Common lower and lower middle class people have to suffer. Their income does not increase but they have to buy things at higher prices. It has been going on for years. The prices of various items have increased in the last one month before the presentation of the budget. This situation will continue.

In this year's budget, however, the number of essential items in the list of price increase is very low. Then there are a few things that the common man will have to suffer if the price goes up. For example, the price of commercially imported bulk milk powder has been increased. Increasing the price of baby food is not right at all. Because this price increase will increase the price of domestic cow's milk no matter how much it is called commercially imported in bulk. This will lead to a critical situation in the supply of baby food. This will have a huge impact on the common people. The price of potato chips has also been increased. It is a children's food. We hope that these two baby food tax hikes will be removed in the parliamentary debate. On the other hand, another product is in the process of increasing the price of energy saving lamps. Since there is a shortage of electricity in the country. Therefore, the price of energy saving lamps should be further reduced. There is growing. This should also be discussed in Parliament.

The prices of those products will decrease

The proposed budget for the financial year 2014-15 proposes to reduce or withdraw duties, value added tax (VAT) and supplementary duties on several products. If these proposals are approved, the prices of the following products will come down:

The products that are likely to fall in price are: liquid and powdered milk, soap, cocoa chocolate, butter, domestic SIM cards, dry betel nuts, milk tankers, paper pulp, domestically produced beauty and cosmetics, skin and hair care products, shavings, etc. Toiletries, Mosquito Coils, Dairy, Poultry, Fish Feed, All Kinds of Fertilizers, Insulin, Insulin Pens, Handicapped and Handicapped Wheelchairs, Watches for the Blind, Hospital Beds, Oven Fabrics, Web Cams and Digital Cameras, Essential Vehicle Parts Glass and Windshield, LED Lamp, Optical Fiber Cable, Medical Equipment Manufacturer Raw Material FEP, Teflon Tube, Minibus Chassis, Fire Fighting Parts, Server Rack, Life Board, Dump Truck, Ship Machinery, Various Parts of Super Shop such as: Showcase, Cabinet, Display Counters, broken glass pieces and plastic waste, biogas plant raw materials, cobalt oxide, tracksuits, sauces etc.

The proposed budget for FY 2014-15 is expected to reduce the cost of older vehicles as annual depreciation allowance is recommended instead of consolidated depreciation allowance.

The prices of those products will increase

This year's proposed budget has proposed to increase the duty on several products. Also the imposition of supplementary duty, imposition of surcharge, imposition of Value Added Tax (MUSAC), increase in tariff and withdrawal of concessional benefits may increase the price of those products.

These products include cigarettes, bidis, tobacco, potato chips, commercially imported bulk milk powder, gas cylinders of capacity below 5,000 litres, float glass, railway sleepers, imported billets, floor coverings and mats, steel parts, iron and steel. parts, imported rose flowers, lilies, orchids, alloy steel, printing plates, bill boards and cabinet making parts, mosquito coils, strawberries, jute products carpets, textile products, all kinds of fish, foreign fruits, imported antibiotics azithromycin, mixed spices, Prices of micro buses, energy saving lamps, carpets etc. may increase.