Ashar 15, 1421 Shaaban 30, 1435 Regd. No. DA 6238 Vol 2, No 89
SUNDAY, JUNE 29, 2014 | www.dhakatribune.com | SECOND EDITION
20 pages | Price: Tk12
8 | DRONES GUARD US INTERESTS IN IRAQ
5 | WOMEN BUS SERVICE ‘NEGLIGIBLE’
Using US air assets to target the leaders of the Sunni-led insurgency is one of the options being prepared for President Barack Obama
WC SECOND STAGE MATCH SCHEDULE Jun 29, 2014
10pmNetherland vs Mexico Jun 30, 2014
2am Costa Rica vs Greece 2am France vs Nigeria
11 | BUSINESS WITH MEANING
Black money provision stays
B1 CHANGES IN TAX PROPOSAL The whitened money can also be used for purchasing land and residential apartments during FY2014-15. Finance Minister AMA Muhith has said multiple times before and after announcing the proposed budget earlier this month that the provision is no good as it never lived up to the revenue expectations. Undisclosed money stands for the money, wealth or property that individuals and organisations have not included in their tax returns. The idea is that the government will not grill anyone if they took advantage of the provision. However, as economists understand, the same does not apply to black
or criminal activities. According to the budgetary provision, black money can be whitened in the same fashion, but that does not guarantee indemnity from law. During the passage of the Finance Bill 2014 in parliament yesterday, Muhith, who was strongly against it only a few days ago, said the provision was necessary for maintaining a balance in the taxation system. According to a 2011 study endorsed by the Finance Ministry, black money accounted for 62.75% of the total GDP of 2009. In 1973, black money accounted for only 7% of the then GDP. Mostafizur Rahman, executive director of the Centre for Policy Dialogue, told the Dhaka Tribune: “The GDP may have accommodated a major portion of the said amount of black money. Only that generated from activities such as illegal arms trade, trafficking and smuggling, might have been left out.” Economists have often hinted at a parallel economy in Bangladesh which is nearly equal in size to the mainstream economy. The income generated from that economy never gets registered in the official mechanisms, consistent with the concept of black money. PAGE 2 COLUMN 5
2am Germany vs Algeria 2am Argentina vs Switzerland July 2, 2014
10pmBelgium vs United States
‘A group of Biharis tried to kill their own people’ n Tazlina Zamila Khan
Sanchez were denied by Cesar before Charles Aranguiz and Marcelo Diaz netted their respective spot-kicks. Jara missed the fifth and final shot hitting the right-hand post to send Chile crashing out of the World Cup. With just five minutes into the game, Chilean defender Eugenio Mena brought down Neymar with a scything
A group of Biharis allegedly made an attempt to kill their own community people by setting fire to a house at Mirpur Purbo Kurmitola Bihari camp in the early hours of yesterday. Riaz Uddin Ahmed, senior vice-president of Bangladeshi Bihari Rehabilitation Assembly, Kurmitola Branch said: “Bhantu Chairman’s men Raju, Selim and four others locked the door of Feku’s house around 3:00 am and then tried to set fire to the house. The criminals confined Feku and two others in the house and tried to kill them by setting fire to the house.” Later, the police went to the spot, broke the lock and rescued the victims, he added. Jalaluddin Bhantu, chairperson of Kurmitola Relief Committee, was made the main accused in a case filed by Riaz on June 12 with Pallabi police station over Bhantu’s illegal electricity business. After filing the case, Bhantu’s men were issuing threat to Riaz and the community people as they raised voice against him, said Riaz. Victim Fazlul Haque Feku told the Dhaka Tribune: “I was asleep at that time. My wife and sister-in-law were at the house. I don’t know why they were trying to kill us. Yesterday I filed a case with Pallabi police station in this connection.” Neaz Ahmed Khan, chief patron of BBRA said: “Bhantu is now trying to kill us. He is issuing threat to withdraw the case.”
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Study shows untapped income amounted to 62.75% of the GDP in 2009 money, which stands for money or n Syed Samiul Basher Anik wealth accumulated through unlawful The government has finally decided to keep the provision for allowing whitening of undisclosed money although it was left out of the proposed budget. Finance Bill 2014, which was passed in the parliament yesterday, has retained the provision for legalising undisclosed money in productive and income-generating sectors through payment of 10% penalty and the regular 25% tax.
July 1, 2014
Brazil goalkeeper Julio Cesar saves a shot from Chile’s Alexis Sanchez during the penalty shootout in their 2014 World Cup round of 16 game at the Mineirao stadium in Belo Horizonte yesterday REUTERS
Super Cesar saves Brazil in epic clash from Belo Horizonte, Brazil The colours yellow and green are still shining brightly as hosts Brazil reached the quarterfinals of the World Cup yesterday edging past a spirited Chile 3-2 in the tie-breaker after the stipulated and extra time failed to separate the two sides with the scores locked at 1-1. At the Estadio Mineirao, Belo Hori-
zonte, the Chileans threatened to spoil the party of the home side as their indomitable spirit never vanquished throughout the entirety of the game until right-back Gonzalo Jara’s spotkick hit the right-hand post of Brazilian goalkeeper Julio Cesar. The stadium erupted in a thunderous roar as the Brazilian players ran off in wild celebrations. In the shoot-out, David Luiz, Marcelo and Neymar scored from the spot for Brazil while Willian and Hulk missed. For Chile, Mauricio Pinilla and Alexis
2nd Round
Details on page-15