Dhaka,   Thursday 12 June 2025

US 3.5% remittance tax may hit Bangladesh hard

US 3.5% remittance tax may hit Bangladesh hard

SAT Desk A controversial bill recently passed by the US House Budget Committee threatens to upend the flow of remittances from the United States, one of Bangladesh’s largest single remittance sources, putting at risk billions of dollars that support the country’s economy. Titled the “One Big Beautiful Bill Act”, the legislation, championed by President Donald Trump, the bill passed by the US House of Representatives on Thursday includes a 3.5% tax on remittance transfers made by anyone who is not a US citizen or national. Initially, the tax had been expected to be levied at a rate of 5%. It will now go to the Senate, which will leave its own mark on the bill. However, it has already sparked concern among economists, development experts, and the Bangladeshi diaspora. Remittance flow at risk According to data from Bangladesh Bank, remittance inflows from the US totalled $4.27 billion between July and April of the current fiscal year, over Tk52,000 crore, making the US one of the single largest sources of remittance for Bangladesh. A 3.5% tax on that amount would mean a potential loss of around $149.45 million (Tk1,820 crore), a blow to the country’s foreign exchange reserves. The World Bank ranked Bangladesh as the sixth-largest remittance-receiving country in the world in 2024, with total inflows reaching $26.6 billion, of which nearly 18% came from the US. A blow to migrant workers and families The proposed tax would apply to all non-citizens, including green card holders and H-1B visa workers.

‘Hasina sought to hold on to power through force even at final hour’

‘Hasina sought to hold on to power through force even at final hour’

Staff Correspondent, Dhaka Former prime minister Sheikh Hasina sought to cling to power through the use of excessive force and further bloodshed even in her final hours before fleeing the country, International Crimes Tribunal Chief Prosecutor Muhammad Tajul Islam has said. Presenting an investigation report at the tribunal on Sunday, Tajul claimed that Sheikh Rehana, the younger sister of Hasina, had pleaded with her sister at the Ganabhaban on August 5, urging her to resign by holding her feet. “In the end, she still wanted to maintain power through excessive force and more bloodshed,” the chief prosecutor. Tajul said: “On August 5, before leaving the country, Sheikh Hasina pressured the top officials of various state forces from 10:30am for nearly an hour. However, she was unwilling to accept that the situation was completely out of control. It was only after family members intervened that she agreed to resign.” “Sheikh Hasina then resigned swiftly and, accompanied by her sister Sheikh Rehana, secretly left the country aboard a military helicopter,” he added. The ICT chief prosecutor further stated that even after widespread clashes and fatalities across the country caused by her armed party activists on August 3, Hasina failed to quell the mass protests led by students and citizens. "Realising the gravity of the situation, several advisers and party leaders tried to persuade her on the night of August 3, reportedly suggesting a transfer of power to the military. However, she rejected this advice and instead ordered a stricter curfew from August 4.

CA Yunus reaffirms June 30 election deadline: Shafiqul

CA Yunus reaffirms June 30 election deadline: Shafiqul

Staff Correspondent, Dhaka Chief Adviser Dr Muhammad Yunus has reiterated that the general election will not go beyond June 30, which has been welcomed by leaders of various political parties, Chief Adviser`s Press Secretary Shafiqul Alam told the media on Sunday night. Shafiqul was briefing journalists on the chief adviser`s meeting with several political parties and organizations earlier in the day. The press secretary said: "The party leaders have expressed their support for Prof Yunus. They fully support the reforms we are carrying out, the judicial work we have started and the election process we have initiated. “They said they will stand by the interim government and the chief adviser." According to Shafiqul, Yunus told the parties that he felt encouraged by everyone sitting together. Shafiqul said: “Many other issues were discussed, including elections and reforms. The chief adviser once again said that the election will be held between December and June.” The press secretary said that at the meeting, Yunus said that as long as he is in charge, he will not do anything that may harm the country. "Dr Yunus said that the country is in a major war-like situation. He noted that following the ban on the Awami League’s activities, efforts are being made to create instability. He stressed the need to protect the nation from such attempts. He emphasized the importance of unity and reaching a consensus to avoid division."

Tarique calls for election by December

Staff Correspondent, Dhaka Reiterating his party’s demand, BNP acting chairman Tarique Rahman has called on the interim government to hold the general election by December. Tarique, who is in London, was virtually addressing a discussion to mark the 18th founding anniversary of the National People’s Party (NPP), held on Sunday at the Institution of Diploma Engineers, Bangladesh auditorium in Dhaka’s Kakrail. He said: “Political parties have again demanded a clear, specific date for the national election after meeting with the head of the interim government. The BNP insists that the national election must be held by December.” “Threats and intimidation cannot silence the voice of the people. Citizens must continue to engage in constructive criticism of the government. Every individual must remain vocal in demanding their rightful entitlements,” he added. Expressing hope for a free and fair national election under the interim government, he said: “The people of this country want to see, without delay, a free and fair national election under the leadership of this government.” The BNP acting chief continued: “Whether the government is an elected one, an interim one, or a caretaker one, citizens must continue their constructive criticism. The people of this country are not subjects of government mercy. “The government is bound to accept the people’s legitimate demands. There is no room for ego or grudges on the government’s part.” Highlighting the lack of accountability, transparency, and political uncertainty, Tarique said that although there may not be a crisis concerning the moral or political legitimacy of this interim government, which was formed through the sacrifices of countless martyrs, it is not accountable to the people. He added that since the government lacks accountability, it is morally necessary for it to present a clear, defined plan to the public. “No plan can be effective or sustainable if the people are kept in the dark and political parties are left in uncertainty.” He noted a stagnation in both domestic and foreign investment, saying an atmosphere of uncertainty in the political and economic landscape is creating unease among various professional groups. Tarique added: “As a result, people from different walks of life are taking to the streets every day with various demands. Sadly, at this moment, no one is there to listen to them.” The BNP leader stressed the need for constitutional and legal reforms to block the return of fascism, saying: “Let it be the goal of every political party that supports Bangladesh and democracy to ensure that the fallen, fugitive fascism never returns in any form or manner.” He added: “To prevent fascism and bring qualitative changes to the state, government, and politics, essential reforms are necessary. Depending on the needs of the time, there is no alternative to constitutional or legal reforms, or both.” He further said: “There is no such thing as ‘too few’ or ‘too many’ reforms. State and political reform must be an ongoing process.” BNP Senior Joint Secretary General Advocate Ruhul Kabir Rizvi has said that there is no animosity between the Bangladesh Nationalist Party and the interim government.

Keraniganj panic Hanif member arrested, sweets distributed

After the ban on the activities of the murderer Hasina`s Awami League, Hasina`s son Joy is busy getting American citizenship, and a kind of relief has started to return to the public mind after the secret escape of the joker President Abdul Hamid and the arrest of Ivy-Mumtaz. Besides, during the dictatorial era of the murderer Hasina, local Awami goons made the lives of ordinary people miserable. After the arrest of some of these panicked people, the people of the area are distributing sweets. One such panic is Hanif member, a member of Ward No. 1 of Shakta Union in Keraniganj and an identified land grabber fascist Hasina government Awami leader. The learned court sent Hanif member, a friend of the Awami League, to Keraniganj Central Jail after showing him the case of extortion, vandalism and land grabbing. It was learned on the spot that on May 5, at approximately 9 am, Hanif Member and his thugs vandalized Fazlul Haque`s house in Arshinagar area under Ward No. 1 of Shakta Union in Keraniganj and tried to seize land. At that time, when Fazlul Haque called on the triple line, the police came, rescued Fazlul Haque`s tenant and admitted him to the medical center, and after the police investigation, a case was filed at Keraniganj Model Police Station on May 6, 2025. Evading the eyes of the police, Hanif Member and his associates sought bail through the court. The Honorable learned court, after hearing the lawyers of both sides, ordered Hanif Member to be sent to Keraniganj Central Jail. As this news spread in the area, the locals of Keraniganj Sakta Union and Ward No. 1 celebrated and distributed sweets. After making inquiries in the Ward No. 1 area, it was learned that no one dared to say anything against him because he had good relations with local influential people. When people protested against him, people in Balurchar, Madhyarchar, and Waspur were subjected to senseless torture. Hanif Member is now a living terror in Keraniganj. The injured Laiju Akhter said that if they protested against him, they were subjected to torture. In 2018, the terrorists of Hanif Member, led by him, vandalized, looted, and burned my house on false charges. After seven long years, I returned to my home. Since the influential people and the police were on his side, he beat whoever he wanted and set fire to the house. He beat me unnecessarily. My husband was also beaten up because he protested. Now the people of Keraniganj are terrified of him. Although he is a disciple of Charmonai Huzur and the leader of the Keraniganj Islamic Movement, his behavior is the opposite. Meanwhile, the locals have complained that forcibly occupying land, building shops, and attacking ordinary people are Hanif Member`s daily companions. No one dares to say anything against him because of his good relations with local influential people. When they protest against him, people of Balurchar, Madhyachar, Waspur face unspeakable torture. Sekandar Ali, a resident of Balurchar area, said that not only Laiju, but also Hanif Member beats up anyone he wants without any reason. No one dares to protest against him. In this regard, Anwar Hossain Dablu, in-charge of Keraniganj Model Police Station, said that he was arrested on May 5, 2025, in a case of extortion, vandalism and land grabbing.

Pakistan returns Indian border guard captured after Kashmir attack

SAT Desk Pakistan returned a captured border guard to India on Wednesday, in a fresh sign of detente after a ceasefire ended four days of conflict between the nuclear-armed rivals. The guard was captured a day after an April attack in Indian-administered Kashmir which killed 26 people and sparked tit-for-tat missile, drone and fighter jet attacks. No group claimed responsibility for the April 22 attack but India blamed Pakistan for backing it. Islamabad rejects the accusations and has called for an independent probe. "Purnam Kumar Shaw, who had been in the custody of Pakistan Rangers since 23 April 2025, was handed over to India," India`s Border Security Force said in a statement. The handover was "conducted peacefully and in accordance with established protocols," it added. Shaw`s wife Rajani had earlier told the Indian Express newspaper that she was confident he would come back. ‘I had lost hope’ "I had lost all hope," Rajani Shaw, who is pregnant, said. "But after the ceasefire, I became a bit positive, and I have full faith in God that my husband will return safely." On Tuesday, Pakistan`s army announced a new death toll from the fighting, saying India`s "unprovoked and reprehensible dastardly attacks" killed 40 civilians, including seven women and 15 children, and 11 military service members. India has said that 15 civilians and five soldiers died. Despite mutual claims on initial violations, the ceasefire still appeared to be holding on Wednesday. The flare-up in violence was the worst since the rivals` last open conflict in 1999 and sparked global shudders that it could spiral into full-blown war. The Pakistani military has said it downed five Indian jets, but has not admitted losing any aircraft of its own. India has not disclosed losing any aircraft. Indian Prime Minister Narendra Modi said in a televised address to the nation Monday that Pakistan has chosen to attack rather than help it fight “terrorism.” "If another terrorist attack against India is carried out, a strong response will be given," he said. Modi wrote on X Tuesday that he had met with service members involved in the conflict. "It was a very special experience to be with those who epitomize courage, determination and fearlessness. India is eternally grateful to our armed forces for everything they do for our nation," he said. Pakistan`s foreign ministry said in a statement that it rejected Modi`s "provocative and inflammatory assertions" and his "propensity to fabricate misleading narratives to justify aggression." "Make no mistake, we will closely monitor India`s actions and behaviour in this regard in the coming days. We also urge the international community to do the same," it added. Militants have stepped up operations in the Indian side of Kashmir since 2019, when Modi`s Hindu nationalist government revoked the region`s limited autonomy and imposed direct rule from New Delhi. Muslim-majority Kashmir is claimed in full by both countries, which have fought several wars over the territory since their 1947 independence from British rule.

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Proportional electoral system not possible in Bangladesh: Fakhrul

Proportional electoral system not possible in Bangladesh: Fakhrul

Staff Correspondent, Dhaka The proportional electoral system, which has come in the spotlight amid discussions of constitutional reform, is not possible in the context of Bangladesh, BNP Secretary General Mirza Fakhrul said today (13 November). Speaking at a press conference at his residence in Thakurgaon`s Kalibari, he said, "We have rejected this electoral system. This system is not possible in the context of the country." Bangladesh currently uses the First Past the Post, or FPTP, system, where the candidate with the highest votes in an electoral constituency wins. The other system is the Proportional Representation system, where there are no constituency-based candidates. Voters cast their votes for party symbols, and the number of seats a party receives in parliament is determined in proportion to the percentage of votes it secures. At the conference, Fakrhul also urged for patience and unity among the people following AL`s "successful attempts to create divisions". "We want a united nation by removing this division. In a democratic society there can be different opinions. But there must be unity on the basic issues of Bangladesh`s independence — sovereignty, democracy, human rights. "As a nation, we must not be intolerant. It is not possible to remove the garbage of 17 years in 17 days or even 17 months. So, this government should be given time." Fakhrul said, "We have verified that the people want an impartial election with the participation of all. We think that all kinds of reforms are necessary to make this election fair. So we have been saying that elections should be held within a reasonable time. And this roadmap should be given to the government." On the issue of reforms, he said the government would not have to do most of those. "It will be done by a parliament which has been elected." At the conference, Fakhrul also warned that India`s continuous campaign against Bangladesh can pose a great danger. "Now a trend has started on social media. Some are trying to destroy the achievements of Bangladesh. We have to be careful as we cannot meet another disaster right now. There is danger over our heads as the mastermind of fascism is staying in India," he said. After the fall of the Awami League administration, several parties, including Jamaat-e-Islami, have called for the introduction of the PR system in the national parliamentary elections.

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