RMG SECTOR Muhith positive on cash incentive hike
Dhaka, June 15 (bdnews24.com) The government will consider the proposal of readymade garment (RMG) industry leaders to increase cash incentive for the improvement of the sector, the finance minister says.Speaking to reporters after a meeting with the RMG sector entrepreneurs on Wednesday, A M A Muhith said, "They (the entrepreneurs) said they got 25 percent cash incentive on export once upon a time. But it has been cut down to five percent now."
"They proposed that the cash incentive on export be taken to 15 percent," he added.
The representatives of Bangladesh Garments Manufacturers and Exporters Association (BGMEA), Bangladesh Textiles Mills Association (BTMA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) attended the meeting.
The finance minister said, "The cabinet and the prime minister are very much aware about the condition of the sector, as the problems of the sector are very complex."
"I couldn't assure them in the issue of motivation. Let's see what I can do," he said.
"I can do it even beyond the budget. It's not a serious problem as I've a bunch of cash with me," he added.
Muhith also said, "The small and medium industries didn't get a single taka of the motivation package for them due to rules and regulations. We've taken up the matter seriously and will do something in this regard."
About the RMG sector leaders' demand to fix tax at source on export income at 0.25 percent, he said the final decision on the issue would be publicised when the budget proposals for the upcoming fiscal year would be finalised on June 29.
The finance minister recommended increasing tax at source on export income from 0.05 percent to 1.5 percent in his budget proposals for 2011-12.
After the meeting, BTMA president Jahangir Alamin said, "Though the finance minister didn't assure us that the incentive will be increased, we're hopeful that it'll be."
The three organisations held a combined press briefing at a city hotel before the meeting where BGMEA president Shafiul Islam Mohiuddin presented an eight-point charter of demands.
The demands included to fix tax at source at 0.
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The organisations also demanded withdrawal of nine percent tax on house rent, re-fixing price of furnace oil at Tk 22 a litre and giving the RMG sector tax holiday. WARNING: Any unauthorised use or reproduction of bdnews24.com content for commercial
The BGFFMEA demanded an increase in cash incentive to 15 percent from the existing 5 percent, fixing a single digit interest rate and setting the price of diesel and furnace oil at Tk 30 and Tk 26 respectively. Harun, also the chairman of Asian Group,

But it's not just the oil companies. If it's possible to be any madder, I'm even madder at the provincial government. On the bill from my last fill-up, oh look at this – $10 in HST. Furnace oil is no different, only the tanks are way bigger.
That will save us families some money: Carbon Tax on our vehicles fuels, and home heating natural gas and furnace oil. Most smart people know that BC residents could never cause global-warming cause the earth's volcanoes and the sun is what regulates

According to sources, power tariffs have been raised on the demand of power distributing companies, under monthly Fuel Adjustment, who claim that power generation cost has increased as a result of increase in furnace oil prices. The gas tariffs hike,
More Appliance Fixing: Humidifier
2) Replacing it with a more efficient oil furnace would only make our burning foreign oil even more efficient. Cleaner, but still foreign.
So, we replaced our major source of heat in the house with a wood pellet stove in the living room with the oil furnace as a back up in case the weather got so horribly cold that we could not keep the house warm enough.
The is just one problem with wood heat – it’s dry. Really really dry. Like dries out your nose and your skin and makes you cough and gives you winter itch dry. So, we needed a source of moisture.
As some of you know, the DH and I have used racks over the floor furnace forced air vents to dry clothes in the winter time; as a source of moisture, it works really well, but we no longer have floor vents that are in operation except when the weather is really cold and we turn on the furnace. So, we were looking at humidifiers when one of the big ones at my office died and they were going to just throw it in the dumpster.
I looked at it; the power lights were on but the fans did not work. Which meant that something was not working between where the power came in and whatever was controlling the fans. (Warning: Be aware that working with electrical appliances takes care; when testing individual components with a voltage tester, the tester leads were touching the components at all times to determine if power was going through; no one should ever use allow any part of their body to touch electrical sources)
This humidifier has two rheostat sorts of switches – one which says Humidity on it and one which says Fan Speed on it. The fan speed switch was the culprit, the DH found by using an voltage tester on it. As you can see from this photo (and I’m sorry that the labeling is not coming out very well; the call out on the right is indicating the black electrical power lead which comes INTO the switch. The call out on the left indicates the blue and red leads which go out of the switch to the fans. The switch controls the amount of power going to the fans and thereby controls the fan speed. Because the switch is buggered in some way, no power was getting to the fans at all.
The switch itself consisted of the outer knob which is attached to a soldered circuit card with power leads attached. This is what the switch actually looks like when you get it out of the little box. At the top of the photo, you can see the black power lead coming into the circuit board; the blue and red leads which went to the fans are at the bottom. The every-trusty DH’s hand is holding the actual knob which was used to set the fan speed.
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