National
income:
In
the fiscal year 1999—2000 the total Gross Domestic Product (provisional)
was Tk. 2,41,274 crore. The provisional GDP growth rate was 5.5%. In 1998-99
GDP growth rate was 4.9%. The size of the Annual Development Program (ADP)
in 1999—2000 was Tk. 15,500 crore. Internal sources contributed 50.53%
of ADP.
Annual
Budget, 2000—2001:
The
Government proposed a number of important measures in the National Budget,
2000—2001 towards the development of capital market. Some of the measures
are:
-
Tax
rebate at the rate of 10% for the listed companies for declaring dividend
@ 25% or more;
-
Exemption
limit of dividend income raised from Tk. 30,000/- to Tk. 40,000/-;
-
Tax
rebate for investment in the secondary market and;
-
Investment
allowance up to Tk. 2,25,000/- will be allowed in place of Tk. 2,00,000/-
if the investment is made in the initial public offering (IPO) of a publicly
listed company.
Apart
from the above measures,
-
The
provision of tax deduction at source on bonus shares earlier imposed in
last year’s budget was abolished.
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SEC
Annual Report,1999-2000
