BB decides to end assured liquidity support for PD banks
Primary dealer (PD) banks come under a major regulatory move as the central bank has decided to discard the assured liquidity support (ALS) for them, officials said.Officials concerned at the Bangladesh Bank (BB) said the central bank introduced this liquidity-feeding window only for the PD banks in 2008 as they...
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HC issues 9-pt guideline for online business
The High Court has issued a nine-point guideline for starting and running business on online platforms.It must be ascertained that no one can run, even start, any of their unauthorised online businesses on any online platforms, reads the guideline issued by the High Court bench of Justice Mustafa Zaman Islam...
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Proper functioning of instts vital for sustainable reforms
Ensuring proper functioning of institutions is vital for the country to sustain the benefits of reforms and achieve desired socio-economic goals, economist Prof Selim Raihan said."It is vital how we can make the institutions able to run freely as they play very crucial role, especially while managing a crisis," he...
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200 RMG factories at risk of labour unrest
At least 200 garment factories in different industrial zones are at risk of labour unrest as, according to law-enforcement agencies, these units might fail to pay wages and festival allowances before Eid-ul-Fitr.Meantime, factory owners of all industries at a Tripartite Consultative Committee meeting last Thursday were instructed to pay festival...
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Hasina, family members face graft charges in cases over plot scandal
The Anti-Corruption Commission, or ACC, has brought charges against ousted prime minister Sheikh Hasina, her sister Sheikh Rehana and their children in six cases involving the alleged abuse of power and irregularities surrounding the allocation of 60 katha of plots under a housing project in Dhaka's Purbachal, reports bdnews24.com.The chargesheets...
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Shipping ministry makes lower demand for dev work in FY26 budget
The shipping ministry is seeking a reduced budget for development projects in the next fiscal year compared to the current one, officials said.In the FY25 budget, the actual allocation for the departments and agencies under the ministry to do development work is Tk 103.73 billion.However, for the coming fiscal year,...
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Anisuzzaman made CA's special asst
Chief Adviser of the Interim Government has appointed Dr Anisuzzaman Chowdhury as his special assistant with the rank of the state minister, reports BSS.According to a gazette notification of the Cabinet Division Dr Anisuzzaman has been entrusted with the Executive Power of the Ministry of Finance to assist the Chief...
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BD medical group’s China visit to boost ties: Envoy
Chinese Ambassador to Bangladesh Yao Wen on Monday said the successful launch of a medical group from Bangladesh to China is an opportunity to expand collaboration across a broader spectrum, reports UNB."We will further expand our cooperation, adding more Chinese cities and high-level hospitals to provide Bangladeshi patients with greater...
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No direct contact between UN, army during uprising
The Bangladesh Army has said that it did not have any direct communication or request from the United Nations High Commissioner for Human Rights regarding the comments made by UN High Commissioner Volker Turk in his interview with BBC HARDtalk, according to the Inter-Services Public Relations Directorate (ISPR).In a press...
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Magura girl on life support at CMH
A child from Magura, who was allegedly raped while visiting her sister's house, currently receiving treatment at Dhaka's Combined Military Hospital, or CMH, is on life support, according to the Inter-Services Public Relations, or ISPR, reports bdnews24.com.The ISPR detailed the child's admission and ongoing medical condition in a statement on...
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