The National Board of Revenue (NBR) has officially exempted Bangladesh Railway from the requirement to submit proof of income tax return filings, known as PSR documents. The exemption was granted under Section 264(4) of the Income Tax Act 2023, recognizing the railway as a non-taxable government entity. The directive, issued on December 7 and signed by Nusrat Farzana, Second Secretary (Tax Law-1), clarifies that no tax return evidence will be sought from the state-run organization.

Officials noted that government departments often face procedural complexities in managing tax-related documentation. The NBR’s decision aims to reduce bureaucratic delays and streamline administrative processes within Bangladesh Railway. The move is expected to ease compliance burdens and improve operational efficiency across the organization.

Experts believe this exemption could serve as a model for simplifying tax compliance for other state-owned bodies that are not subject to income tax, potentially leading to broader administrative reforms in the public sector.

Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Executive Chairman Ashiq Chowdhury announced that a new digital application will be launched next year to reduce bureaucratic harassment faced by entrepreneurs during business registration. Speaking at the inauguration of the seven-day National SME Product Fair on December 7, he said the app will allow entrepreneurs to complete registration processes online, minimizing direct contact with government offices.

The event, attended by industry advisers and SME representatives, highlighted persistent challenges in the SME sector, including high interest rates—15% for bank loans and up to 25% for NGO loans—driven by inflation. Speakers also noted that loan disbursement to SMEs has declined amid election-related stagnation, despite banks holding surplus liquidity of about BDT 1.5 trillion.

Stakeholders urged reforms to make bonded warehouse procedures more SME-friendly and emphasized that increased investment in industrial parks could protect agricultural land and stimulate economic recovery once demand improves.

The Alliance for Health Reforms Bangladesh (AHRB) has urged the Chief Adviser to prioritize and directly oversee the swift implementation of the Active Pharmaceutical Ingredient (API) policy, calling it a matter of national strategic interest. In an open letter sent on December 7, AHRB leaders emphasized that while Bangladesh can produce most medicines domestically, the country remains heavily dependent on imported APIs, leaving its health security vulnerable to global market disruptions.

The letter, signed by Professor Syed Abdul Hamid and Professor Syed Md. Akram Hossain, highlighted lessons from the successful 1982 National Drug Policy, noting that strong political commitment and leadership were key to transforming the sector. The AHRB proposed five urgent measures: removing administrative barriers, introducing a production-linked incentive scheme, ensuring continuous R&D funding, strengthening academia–industry collaboration, and forming a permanent empowered task force.

Experts argue that developing domestic API capacity could reduce import dependence, save foreign currency, and expand exports. They stress that without knowledge-based industrial transformation, Bangladesh’s tax-to-GDP ratio will remain low, limiting economic resilience.

Bangladesh’s Planning Adviser Dr. Wahiduddin Mahmud has cautioned that democracy by itself cannot guarantee economic development unless politics becomes genuinely welfare-oriented. Speaking at the Bangladesh Institute of Development Studies (BIDS) annual research conference in Dhaka, he argued that when politics turns into a pursuit of privileges rather than public service, it attracts youth seeking livelihood opportunities rather than civic engagement. He also warned that vested business interests can form powerful circles that obstruct welfare-driven policymaking.

Dr. Mahmud emphasized that the country’s education system is producing unemployed graduates, and that behavioral norms and values must be studied to understand development barriers. He noted that limited reforms cannot solve deep-rooted issues such as collusion between bureaucracy and business or tax evasion, calling for broader structural reforms. The adviser stressed that effective democracy should aim to build an equitable, poverty-free society, but lamented that Bangladesh still struggles to establish even a functional democratic system. BIDS Director General Prof. A.K.M. Enamul Haque added that the two-day conference would present around fifty research papers addressing unemployment, poverty, and health sector challenges.

The government of Bangladesh has announced that it will permit limited onion imports starting Sunday, December 7, in an effort to curb the recent surge in domestic prices. According to a statement from the Ministry of Agriculture issued Saturday night, 50 import permits will be granted daily, each allowing the import of up to 30 tons of onions. Only importers who previously applied for export permissions since August 1 will be eligible to reapply, and each importer may submit only one application.

The ministry stated that the measure will continue until further notice to maintain a stable market. Onion prices have risen sharply in recent weeks, with consumers reporting an increase of 20–30 taka per kilogram within just a few days. The current retail price ranges between 140 and 150 taka per kilogram. Officials expect the controlled import initiative to ease supply pressure and bring prices down, though traders warn that logistical delays could slow the impact on retail markets.

At a policy seminar in Dhaka, Fisheries and Livestock Adviser Farida Akhter called for international and government-backed climate risk funds to provide additional financing for entrepreneurs, particularly women leading environmentally sustainable businesses. Speaking at the event titled ‘Voices for Change: Putting Climate Action, Women Entrepreneurs and SMEs in Bangladesh’s Public Policy,’ she emphasized that empowering women in business should focus on visibility and opportunity, not just numbers.

Akhter highlighted that small and medium enterprises (SMEs) are the largest source of employment creation in Bangladesh, with 50–60% potential for women’s participation. She noted that women have a proven record of loan repayment, urging financial institutions to expand credit access for them. Despite government initiatives through Bangladesh Bank and the SME Foundation, she said opportunities remain limited for women, who make up 51% of the population.

She also warned that climate change poses daily threats to Bangladesh’s fisheries and livestock sectors, urging policy alignment to reduce methane emissions and strengthen women’s roles in climate-resilient economic growth.

Bangladesh’s mobile phone traders have announced a blockade of the Bangladesh Telecommunication Regulatory Commission (BTRC) headquarters in Agargaon, Dhaka, starting Sunday morning. The protest follows earlier demonstrations demanding reforms to the National Equipment Identity Register (NEIR), the abolition of alleged syndicates, and the reopening of unrestricted mobile phone imports.

Traders argue that the NEIR system, set to take effect on December 16, will severely harm small businesses and raise handset prices due to increased taxes and limited supply. They claim that only a select group of importers will benefit from the new regulation. The BTRC and government officials, however, assert that NEIR is essential for national security and to prevent the use of unregistered or stolen phones.

The standoff highlights growing tension between regulators and small traders in Bangladesh’s telecom sector. If unresolved, the dispute could disrupt mobile phone distribution and raise consumer prices ahead of the NEIR rollout.

Bangladesh Chief Justice Dr. Syed Refaat Ahmed has said that the establishment of dedicated commercial courts will mark a new era for the country’s economy and judicial system. Speaking at a seminar in Chattogram organized by the Supreme Court and UNDP, he noted that the Supreme Court Secretariat Ordinance 2025 has granted the judiciary full administrative and financial autonomy for the first time, enabling long-term judicial reforms.

The Chief Justice explained that the draft Commercial Courts Act—developed through consultations with BIDA, legal experts, and business stakeholders with EU technical support—has been approved in principle by the Cabinet. The law includes provisions for specialized courts, mandatory mediation, limited adjournments, transparent case statistics, and specialized training for judges and lawyers. These measures aim to ensure faster, more transparent commercial dispute resolution and enhance Bangladesh’s global competitiveness.

He emphasized that effective implementation will require infrastructure, human resource development, and digital capacity building. The Supreme Court is preparing practice directions to ensure smooth operation of the new courts, reflecting a national consensus for an independent and efficient judiciary.

Bangladesh’s industrial and public works adviser Adilur Rahman Khan announced that sugar imports have been temporarily suspended until the unsold stock from domestic mills is cleared. Speaking after inspecting the Natore Sugar Mill and Uttara Gonobhaban on December 6, he said Trading Corporation of Bangladesh (TCB) has already begun selling locally produced sugar to stabilize the market.

Adilur emphasized that state-owned sugar mills, many dating back to the British era, cannot operate sustainably on subsidies alone. He called for both local and foreign investment to modernize production and expand capacity. Discussions with potential investors are ongoing, and he expressed optimism about positive developments soon. He also mentioned plans to diversify into related production activities to improve profitability.

The adviser further noted that Uttara Gonobhaban has been renovated after years of neglect and could host cabinet meetings under the current government, following historical precedent. Local officials, including the Natore deputy commissioner and police superintendent, attended the visit.

Bangladesh’s onion market has turned volatile despite sufficient domestic supply, with retail prices soaring to Tk 160 per kilogram in Dhaka. Officials say more than 100,000 tons of old onions remain in storage, while new harvests are entering markets. Yet, traders are allegedly withholding supply to create an artificial shortage and pressure the government to allow imports, though their real motive appears to be profit maximization.

Market insiders and consumer groups claim a powerful syndicate of wholesalers and commission agents has been manipulating prices since October. The Bangladesh Trade and Tariff Commission (BTTC) confirmed evidence of market manipulation, noting that current prices far exceed the reasonable level of Tk 90 per kilogram. The BTTC has recommended limited imports to stabilize prices, while the Department of Agricultural Extension insists there is no genuine supply shortage.

Consumer advocates warn that unchecked profiteering could hurt both farmers and buyers, urging stronger market monitoring. The government is reviewing BTTC’s report before deciding on import measures.

Two small shop owners in Munshiganj’s Tongibari upazila have reported receiving unusually high electricity bills despite minimal power consumption. One tea stall owner, who operates with only a single light and fan, was billed 55,550 taka for the month, while another small food shop owner received a bill of 24,216 taka. Both claim their usual monthly bills range between 200–800 taka.

The incidents occurred in Litukhan Bazar of Dighirpar Union, sparking concern among local traders. The affected owners said they contacted the local Palli Bidyut office, which advised them to visit in person. Tongibari Palli Bidyut zonal officer Abdus Salam acknowledged that the issue might stem from a meter reading or billing system error and assured that an on-site inspection would be conducted to resolve the problem.

The cases have drawn attention to potential flaws in rural electricity billing systems, raising questions about transparency and accountability in utility management across Bangladesh’s countryside.

Israel has announced a significant increase in its defense budget, raising it to 112 billion shekels ($34.7 billion) for the new fiscal year—about $7 billion higher than the previous allocation. The decision, jointly endorsed by Defense Minister Israel Katz and Finance Minister Bezalel Smotrich, awaits final approval from Prime Minister Benjamin Netanyahu and the cabinet before being submitted to the Knesset.

The move comes despite an ongoing ceasefire in Gaza, prompting questions about the timing and intent behind the expansion. Katz explained that the additional funds are meant to meet the operational needs of the armed forces and ease the burden on reservists. According to the Finance Ministry, the 2026 defense budget will be 47 billion shekels ($14.5 billion) higher than in 2023. Israel reportedly spent around $31 billion in 2024 on military operations in Gaza and against Hezbollah in Lebanon.

Analysts suggest the budget increase reflects Israel’s long-term security strategy and preparation for potential regional escalations, even as diplomatic efforts continue to stabilize the Gaza situation.

Tensions between Pakistan and Afghanistan have led to the closure of key border crossings since October 11, leaving hundreds of trucks stranded and disrupting regional trade. Pakistani truck drivers transporting goods to Afghanistan are facing uncertainty as their cash reserves run out. Exporters and logistics operators report that shipments bound for Afghanistan, Iran, and Central Asia, including kinnow fruit exports, have been severely affected. According to Junaid Makda, president of the Pakistan-Afghanistan Joint Chamber of Commerce, thousands of containers carrying bilateral and transit goods are stuck across Pakistan, with demurrage charges of $150–200 per container per day. Last year, Pakistan exported kinnow worth $110 million, but this year’s estimate has dropped to $100 million due to the disruption. The closure follows one of the most intense border clashes since the Taliban’s takeover of Kabul in 2021, further straining trade and livelihoods across the region.

Bangladesh’s export earnings have declined for four consecutive months since August of the 2025–26 fiscal year, reflecting persistent weakness in the country’s key apparel sector. According to the Export Promotion Bureau (EPB), November’s export income fell by 5.54% year-on-year to $3.89 billion, down from $4.12 billion in the same month last year. Despite this, total exports for July–November reached $20.02 billion, slightly higher than $19.90 billion a year earlier, marking a marginal 0.62% growth. The readymade garment industry remained the top export earner, contributing $3.14 billion in November, though 5% lower than last year. Exporters attribute the decline to aggressive competition from China and India in the EU market and higher tariffs in the US, which have reduced demand by about 30%. Analysts warn that achieving the government’s $63 billion annual export target will be difficult amid sluggish global demand, high interest rates, and domestic economic challenges.

India’s largest airline, IndiGo, has cancelled more than 550 flights nationwide for the fourth consecutive day, severely disrupting travel plans for thousands of passengers. The cancellations affected major airports including Mumbai, Bengaluru, Hyderabad, Kolkata, Chennai, and Goa. The disruption stems from newly implemented crew rostering and flight duty time limitation (FDTL) regulations, which have increased mandatory rest periods and reduced the number of permitted night landings. With a shortage of pilots and crew, IndiGo has struggled to maintain its schedule. The airline stated that it is taking all necessary measures to restore normal operations and expects the situation to stabilize within 48 hours. However, cancellations may continue for the next few days, and IndiGo plans to reduce flight operations from December 8. Passengers have faced severe inconvenience, with reports of thousands of unclaimed suitcases piling up at Delhi airport terminals.