Bangladesh, June 12 -- The government's fiscal strategy focuses on reducing the financial burden on ordinary citizens by slashing taxes on essential food items, medical equipment, and digital technology, while simultaneously increasing duties on luxury goods, tobacco, and fossil-fuel vehicles to discourage harmful consumption and protect the environment.

To combat persistent inflation and improve the living standards of ordinary citizens, the government has proposed significant tax relief on essential commodities, medical supplies, and digital technology.

Essential Commodities: The withholding tax on sixty essential items has been slashed from rates of up to 5 per cent down to just 0.5 per cent.

This extensive list includes paddy, ric...