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

Local govt bodies get only 1.0pc of budget

Speakers during a webinar on Saturday said local government institutions receive only around 1.0 per cent of the total fiscal budget.They highly depend on grants and central government transfers, although Bangladesh is an urban economy with over 60 per cent of the GDP generated by its cities.Bangladesh is among the...

PM vows to banish poverty through united efforts

Prime Minister Sheikh Hasina on Saturday vowed to eradicate poverty from the country through united efforts of all, reports UNB."If we all work together, there will be no poverty in the country," she said while addressing a programme virtually titled 'Gift of house to the homeless people in Mujib Barsho'.The...

Norwegian-US JV to carry out EIA

A Norwegian-US joint venture (JV) - TGS-Schlumberger - is eyeing to carry out environmental impact assessment (EIA) in offshore blocks before conducting the long-awaited multi-client seismic survey there.The TGS-Schlumberger JV is now getting prepared to conduct the EIA efficiently, said a senior Petrobangla official.After completing the EIA, it will carry...

Former James Bond actor Sean Connery dies aged 90

Scottish movie legend Sean Connery, who shot to international stardom as the suave, sexy and sophisticated British agent James Bond and went on to grace the silver screen for four decades, has died aged 90, the BBC and Sky News reported on Saturday, reports Reuters.Connery was raised in near poverty...

DTCA to become BUTA

A new law has been drafted to convert Dhaka Transport Coordination Authority (DTCA) into Bangladesh Urban Transport Authority (BUTA) aiming to bring all divisional cities under a planned transport system.Officials said the act would also consider upgrading of the DTCA to a wider range of integration of transport related projects...

With a call to ban lead-based paint which poses health hazards, two volunteers of the Environment and Social Development Organisation join

With a call to ban lead-based paint which poses health hazards, two volunteers of the Environment and Social Development Organisation join a human chain programme on the Dhaka University campus on Saturday to mark the International Lead Poisoning Prevention Week — FE photo by Shafiqul Alam

Eid-e-Miladunnabi observed (01-11-2020)

The Eid-e-Miladunnabi, the birthday of Prophet Muhammad (pbuh), was observed across the country on Friday with due religious solemnity, reports UNB.On this day in 570 AD, the 12th of Rabiul Awal of the Hijri calendar, the final prophet of Islam was born in Makkah with divine blessings and messages of...

Extraction of local coal not feasible: Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that all studies till now show that local coal extraction for power generation is neither feasible nor cost-effective, reports UNB.He made the remarks while speaking at a webinar on "EP Talks: Payra Power Plant: An Example of Timely...

Covid-19 exposes health sector hole

The Covid-19 pandemic has exposed the healthcare sector's vulnerability in Bangladesh in terms of weak governance, shortages of professionals and poor control over the private sector.According to a keynote presented during a webinar on Saturday, limited budgetary allocation, poor research and weak community involvement are to blame for this poor...

Lalmonirhat mob killing: DIG, DC pay spot visit

LALMONIRHAT, Oct 31 (UNB): Rangpur divisional commissioner and Deputy Inspector General of Police (DIG) of Rangpur Range visited the spot where a rabid and belligerent mob beat a man to death and burned his body in Lalmonirhat's Patgram upazila accusing him of 'disrespecting the Quran'.Rangpur DC Abdul Wahab and Police...

US faces record surge of cases

Europe passed 10 million coronavirus infections, the United States topped nine million and France entered a new lockdown on Friday as the resurgent pandemic increasingly forced other countries to consider following suit, report agencies.A record surge of coronavirus cases in the United States pushed hospitals closer to the brink of...