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

NBR moves to iron out VAT reg hurdles

The tax collector has moved to remove the complexities over issuing the VAT registration after it found 80 per cent of the businesses have not updated their identification yet.Some 20,000 businesses have updated their Business Identification Number (BIN) since July according to guideline under the new Value Added Tax (VAT)...

Special police unit to ensure metro rail security, says PM

Putting emphasis on ensuring the security of metro rail project, Prime Minister Sheikh Hasina said on Monday a special police unit will be formed to this end, reports UNB.The Prime Minister was speaking at a review meeting on the progress of the ongoing Mass Rapid Transit Project held at her...

PGCB to set up gridline up to C’nawabganj

The government is going to install a high-voltage transmission gridline up to Chapai Nawabganj frontier, as it has decided to import power from Indian state of Jharkhand, officials said on Monday.The Power Grid Company of Bangladesh (PGCB) will lay a 28-kilometre-long 400-kilovolt (kV) transmission line from Rahanpur to Monakosha border...

Quader asks BRTC to probe import of faulty Indian buses

Road Transport and Bridges Minister Obaidul Quader on Monday directed the chairman of Bangladesh Road Transport Corporation (BRTC) to investigate the import of substandard buses from India and take actions against those responsible for it.He, however, said the Indian side has assured Bangladesh of covering up defects on buses, sending...

182 to get CIP awards tomorrow

The government has nominated as many as 182 businesspersons as CIPs (commercially important persons) for the year 2017 in recognition of their outstanding contribution to the country's economy, officials said.They will be awarded CIP cards in export and trade categories at a ceremony at a city hotel tomorrow (Wednesday). Commerce...

External audit firm hired for People’s Leasing

An external audit firm has been appointed to assess financial condition of the liquidated People's Leasing and Financial Services Limited (PLFSL).The appointment has been made following a court order to this effect, a senior official of the Bangladesh Bank (BB) told the FE on Monday.The chartered accountant firm - Acnabin...

Two more die of dengue, 653 new patients hospitalised

Two people, including an eight-month-old baby, died of dengue at Khulna Medical College Hospital (KMCH) while 653 new dengue patients were admitted to different hospitals across the country in 24 hours till Monday morning, reports UNB.The deceased were identified as Rafiz, son of Quamruzzaman of Manirampur upazila in Jashore, and...

Press Council bars media from reporting on case arguments

The Bangladesh Press Council has issued a notice barring the media from publishing arguments between judges and lawyers in court during the proceedings of sub-judice cases, reports bdnews24.com."The media should refrain from publishing any comment or opinions that might affect the verdict of the pending cases and offend the judges,"...

Restore normal life to Kashmir: Indian SC

NEW DELHI, Sept 16 (Agencies): India's top court said on Monday the federal government should restore normal life in Kashmir as soon as possible, as a partial shutdown of the disputed region entered its 42nd day.India stripped its portion of Muslim-majority Kashmir of autonomy and statehood on Aug. 5, shutting...

Footpaths close to the Mayor Hanif Flyover

Footpaths close to the Mayor Hanif Flyover in Gulistan area in the city remain under control of traders even after the authorities concerned evicted them several times in the past. The photo taken on Monday shows polythene sheets have been used to cover an entire footpath so that traders can...

175 Bangladeshis return from S Arabia, 1000 at deportation camp

Some 175 Bangladeshi workers returned home from Saudi Arabia on Sunday night amid a crackdown on undocumented workers there, reports UNB.A flight of Saudi Airlines SV-804 carrying the Bangladeshi workers landed at the Hazrat Shahjalal International Airport around 11:07 pm, said Shariful Hasan, programme head of Brac Migration Programme.The authorities...

Chief of Indian Coast Guard meets BD counterpart

Director General Krishnaswamy Natarajan, chief of Indian Coast Guard, is paying a visit to Bangladesh from September 15, reports BSS.Two delegation members are accompanying Natarajan during the visit, said a press release.The Chief of Indian Coast Guard held a meeting with Bangladesh Coast Guard Director General Rear Admiral M Ashraful...