Finance News: Latest Financial News, Finance News today in Bangladesh

Adani shuts one power unit over payment backlog

India's Adani conglomerate shut one of its two power units in Jharkhand that halved its cross-border electricity supply to Bangladesh in a hitch over payment backlog, sources said. They said Adani Power Jharkhand Ltd (APJL) did it as the interim government didn't make its payment against power purchase by the...

Banks free to fix interest rate on RFCD A/Cs

Commercial banks are now free to fix the interest rate on savings in the Resident Foreign Currency Deposit (RFCD) accounts.They can, from now on, set the rates based on bank-customer relationship or the market instead of following the Secured Overnight Financing Rate (SOFR), according to a Bangladesh Bank (BB) circular...

White Paper body indicates massive irregularities in four major sectors

Initial findings of the White Paper committee on State of Bangladesh Economy have indicated large-scale irregularities, especially in areas of data, cost and information, in four major sectors, including energy and physical infrastructure.The committee also unearthed a nexus among politicians, bureaucrats, businessmen and civil society members in the corruption process...

Two garment workers shot, several injured

Two garment workers were shot while several others injured in their clashes with joint forces during unpaid-wage protests in Dhaka's Kafrul-Mirpur area on Thursday, sources said. The injured, identified as Al Amin Hossain, 17, and Jhuma Akhter, 15, both operators at a garment factory located in the area, were rushed...

Govt definitely will bring back stolen money

Chief Adviser Professor Muhammad Yunus on Thursday said that the government would bring back the money laundered abroad during the past regime."We will definitely make it happen," the Chief Adviser told US Charge d' áffaires Helen LaFave who paid a farewell call on him at his office at Tejgaon, Dhaka.Earlier,...

e-invoice NBR's latest trial on VAT system

Introducing e-invoice is the latest trial for mending porous VAT-collection system as the revenue board opts for dumping device-based taxing after prolonged piloting, sources say. The National Board of Revenue (NBR) has moved to introduce electronic invoicing system to automate VAT collection from businesses at the first go.Meanwhile, the value-added...

Govt to set up separate admin facilities for seven colleges

The government has agreed to set up separate administrative facilities for the seven colleges seeking a separate univerisity, press secretary to the chief adviser Shafiqul Alam said on Thursday.Addressing a media briefing, he said that the decision was taken in the meeting between the representatives of the students from the...

Jatiya Party office set on fire

Sporadic clashes, chase and counter-chase took place between an 'Anti-Fascism Students-Workers-People' combine and Jatiya Party men late on Thursday evening at Kakrail in the city. Jatiya Party's central office at Kakrail was also set on fire during the clashes. Sources said a torch procession was held in the Raju Sculpture...