NBR to use double taxation avoidance deal as a tool

Revenue sleuths have made a decisive move to reclaim siphoned-off assets of Bangladesh tycoons from five countries through claiming taxing rights under the double-taxation-avoidance agreement (DTAA) as the mechanism.Revenue officials say the Central Intelligence Cell (CIC) has listed the UK, the USA, Canada, Singapore and the UAE, used by launderers...

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179 dead in S Korea's worst plane crash

MUAN (SOUTH KOREA), Dec 29 (AFP): A Jeju Air plane carrying 181 people from Thailand to South Korea crashed on arrival Sunday, smashing into a barrier and bursting into flames, killing everyone aboard except for two flight attendants plucked from the wreckage.A bird strike was cited by authorities as the...

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Liquidity crunch, exchange rate volatility, NPL buildup mark chronicles

Bangladesh is set to say goodbye to perhaps the most challenging year for the financial sector that endured multipronged strains like soaring inflation, liquidity dearth, panic cash withdrawal, exchange-rate volatility and NPL buildup, apart from political upheavals.Leveraged and insider lending as well as control of some banks' ownerships by some...

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Financial sector’s progress good, still short of potential

Central bank's governor Dr. Ahsan H Mansur said on Sunday the country's financial sector had made significant progress over the past 53 years but fallen short of its potential.Speaking as the chief guest at the inaugural session of the golden jubilee celebrations of Bangladesh Institute of Bank Management (BIBM) in...

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No impulsive response to India's refusal

Bangladesh's interim government is not in favour of any impulsive response to India's decision not to extradite deposed prime minister Sheikh Hasina, wanted by a Dhaka tribunal to stand trial.A key adviser of the post-uprising government stated this Sunday after a meeting at the foreign ministry.Asked whether they have any...

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Prayer Timings (2024-12-30)

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