President of the Institute of Chartered Accountants Bangladesh Mahmudul Hasan Khusru circulated his reaction to the budget placed before parliament today for the next fiscal 2021-22.   He said his organization is looking forward to helping the government implement the budget, thanking the finance minister for acknowledging their role. Also read: New budget unveiled with focus on protecting lives and livelihoods "We believe that the joint initiative of NBR and ICAB in implementing Document Verification System (DVS) will facilitate to achieve the targeted revenue. We also believe that this initiative will bring about transparency and accountability in financial arena. We thank the Finance Minister to insert this significant issue in his budget speech," said Abu Nayem, a retired squadron leader in the army. "We appreciate that the proposed budget has focused on employment generation through skill development, exemption in light engineering, exemption of agro-based industry and brining the new concept Made in Bangladesh," he added. Also read: New budget: Tracking prices going up and down At the same time, he  said "more budgetary allocation" is expected in Education, Research and Development and Automation in tax administration. "Budget allocation for social safety net seems to be inadequate considering the substantial number of people falling below the poverty level due to ongoing COVID-19," said Mahmudul Hasan Khusru.

Mahmudul Hasan Khusru took over the charge as the President of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2021 at a formal ceremony held at ICAB Auditorium on Thursday.