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

Govt plans to bring down poverty rate to a level less than US: PM

Prime Minister Sheikh Hasina said on Sunday the government's target is to bring down the country's poverty rate to a level less than what the USA has, reports UNB."At present, we've brought down the poverty rate to 21.8 per cent. I've a target to reduce it further. The poverty rate...

Bangladesh, Nepal agree to use Indian grid for power trade

Bangladesh and Nepal have agreed to use the existing setup of Indian transmission lines to trade power in the short run, according to a report by The Kathmandu Post.Both countries have also planned to make joint investments in hydropower projects in Nepal.The agreement was signed by Nepal's Energy Secretary Dinesh...

ACC to file cases with IDOs, not with cops

The Anti-Corruption Commission (ACC) will now file graft cases with its 22 integrated district offices (IDOs), sparing police stations from doing the job.It got this authority as per the amended rules of the Anti-Corruption Commis-sion Act 2004, gazetted on Sunday, said ACC public relations officer.The anti-graft watchdog need not go...

Rohingya issue tops PM's China mission

The Rohingya issue will be the key focus during Prime Minister Sheikh Hasina's upcoming visit to Beijing.Foreign minister Dr AK ABdul Momen said this on Sunday while talking exclusively to a corps of journalists at his ministry."We want to convince China that the prolonged stay of the Rohingya at refugee...

CID submits charge sheet against 125

Criminal Investigation Department (CID) submitted on Sunday a charge sheet against 125 people including 87 students of Dhaka University (DU) in a case lodged over leaking of question paper of admission test of the university, reports BSS.CID submitted the charge sheet before the Dhaka metropolitan magistrate court on Sunday afternoon,...

Circulars on FFs’ status illegal as SC upholds HC rule

The Appellate Division has upheld the High Court rule scrapping the government gazette and circulars imposing a minimum age to be eligible for the status of a freedom fighter, reports bdnews24.com.The state had sought a stay order on the High Court rule but the four-member bench led by Chief Justice...

Tell what’s behind rise in bad debt

Finance ministry has asked six state-owned commercial banks (SoCBs) to identify the reasons behind the excessive rise in non-performing loans (NPLs) during the January-March period.On Sunday, it wrote to the chief executives of Bangladesh Development Bank, Sonali, Janata, Agrani, Rupali and BASIC banks and asked them to take fit measures...

Thrust on reliable, quality data

Planning Minister MA Mannan on Sunday called for delivering the truth in statistics ignoring the questions raised by different quarters to prove the ability of the country's economic growth."Give the real truth, don't hide anything … give proper statistics," he said, adding that reform of data collection has been carried...