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General minimum wage by territory, as of February 2023. This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc.) and other independent countries.
On November 7, the Bangladesh government announced a new salary structure for protesting garment workers, raising the monthly minimum wage to ~US$113, to take effect December 1, 2023. The garment workers union heavily criticized this increase for being too small, announcing their intention to continue striking.
Minimum Wage Board was established in 1959 by the Government of Pakistan based on the International Labour Organization conference in 1928. [2] The board is responsible for establishing the minimum wage for all industries including the Textile industry in Bangladesh. [3] [4] According to Bangladesh labor law, minimum wages must be revised every ...
Bangladesh, [a] officially the People's Republic of Bangladesh, [b] is a country in South Asia. It is the eighth-most populous country in the world and is among the most densely populated countries with a population of nearly 170 million in an area of 148,460 square kilometres (57,320 sq mi).
About (91.04%) of Bangladeshis are Muslims, followed by Hindus (largest-minority) at (7.95%), Buddhists (0.61%) and Christians (0.30%) and others (0.12%) as per 2022 census. Bangladesh has one of the highest population densities in the world. The total fertility rate (TFR) has been reduced by more than two thirds since Independence.
The system was scrapped in 2011 by 15th amendment of constitution to allow political government to conduct any General Election in future. The current prime minister is Sheikh Hasina, appointed on 6 January 2009 by president Iajuddin Ahmed. She is the longest serving prime minister in the country's history.
The economy of Bangladesh is a major developing market economy. [42] As the second-largest economy in South Asia, [43] [44] Bangladesh 's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven.
Corporate tax rate. The tax law imposes income tax at 25 percent on listed entities and 32.5 [2] percent for non-listed entities. Corporate tax rate changes announced this year include: an additional surcharge of 2.5 percent on income of companies in the tobacco sector. a reduction of the corporate income tax rate for companies in the readymade ...