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

Fund constraint stands in expected growth

Installation of solar irrigation pumps is facing severe obstruction due to non-availability of grant fund, officials have sad. The Infrastructure Development Company Limited (IDCOL) did not approve any new applications for setting up of the pumps since early this year due to non-availability of grant fund, they added. The state-owned...

RHD seeks 40pc higher funds

Roads and Highways Department (RHD) has sought 40 per cent higher funds and 40 more months to complete the widening work of a 190-km Elenga-Rangpur four-lane highway, insiders said on Monday.The state-owned road developer has finished only 11 per cent of the road widening work in the last 4 years...

Sensor system to spot elephants near rly track

The Chittagong-Cox's Bazar Railway Project will introduce use of sensor system to detect the presence of elephants near rail-tracks to avoid accidents, according to a publication of the Asian Development Bank (ADB).The technology, which comprises thermal imaging cameras or seismic sensors, will help save the lives of both elephants and...

Four launch interoperable MFS today

Interoperable transactions among mobile financial service (MFS) providers and between them and banks are set to be launched today (Tuesday) on a pilot basis, reports UNB.According to official sources, only four MFS providers, including bKash of Brac Bank, MCash of Islami Bank, U-cash and Al Arafa Islami Bank's Islamic Wallet,...

Durga Puja ends with immersion of goddess

Sharadiya Durga Puja, the biggest religious festival of the Hindu community, ended on Monday with the immersion of idols of goddess Durga and her children on the fifth day of celebration, reports UNB.The common ritual of the Bijoya Dashami follows the journey of immersion through festive processions on the day....

Four killed in Cox's Bazar road crash

COX'S BAZAR, Oct 26 (UNB): Four people were killed and two others injured after a truck collided head-on with an auto-rickshaw at Nandirpara Station in Pekua Upazila Sadar on Monday.The deceased were identified as Aminul Kabir, 28, son of Gias Uddin, Akkas, 33, son of Syed Alam of Sikdarpara, Didarul...

WHO reports third straight daily record in Covid-19 cases

The World Health Organization's coronavirus dashboard on Sunday showed a third consecutive daily record high in the number of new confirmed cases, report agencies.The WHO's complete figures for Saturday showed that 465,319 cases were confirmed to the UN health agency during the day, topping the 449,720 recorded on Friday and...

Erdogan backs boycott of French goods over cartoon row

PARIS/ANKARA, Oct 26 (Reuters): Turkish leader Tayyip Erdogan asked his compatriots to stop buying French goods on Monday in the latest expression of anger in the Muslim world over images being displayed in France of the Prophet Mohammad, which some Muslims consider blasphemous.A Palestinian demonstrator shouts slogans during a protest...

The man behind India's largest bank hangs up his boots

Aditya Puri, popularly known as the (Amitabh) Bachchan of Banking in India, is hanging up his boots after being at the helm of the country's largest private sector bank for a good 25 years.HDFC Bank was incorporated in 1994 and since then Puri, now 70, has been its managing director,...