Detectives arrested five members of an ‘Ogyan Party', including a cashier of Sonali bank, from the city's Motijheel area Wednesday. The arrested gang members are-its ring leader Md Abul Bashar, a cashier of Sonali Bank, Motijheel Branch, Abdul Matin alias...
Myanmar has set its historic general election date as November 8. The country will go to polls for the first time in 25 years, a senior official has said. According to the BBC, the date will be formally announced later...
A bill, titled 'Value Added Tax and Supplementary Duty (Amendment) Bill, 2015, was placed in Parliament (Jatiyo Sangsad) to increase the ceiling of any individual economic activity from Tk2.40 million to Tk3.0 million for enlistment in paying VAT. Finance Minister...
BNP Chairperson's advisor Mosaddek Ali Falu surrendered before a Dhaka court on Wednesday morning with petition seeking bail in a vandalism case. After hearing the bail petition, judge of Dhaka Senior Special Tribunal Kamrul Hossain Molla granted bail to Falu....
Prime Minister (PM) Sheikh Hasina on Wednesday hosted an Iftar reception in honour of professionals at her official residence Ganobhaban. Vice-chancellors and teachers of different public and private universities, editors and journalists of different newspapers, news agencies and electronic media,...
Customs Intelligence and Investigation Directorate (CIID) officials seized 98 coronary stents worth around Tk 20 million at Hazrat Shahjalal International Airport on Wednesday. A stent is a tube or other device placed in the body to create a passage between...
The government is trying to reorganise the public transport system in the capital city to ease traffic congestion and ensure public safety. Under the plan, the city would be divided into five zones and route network would be restructured to...
European shares edged higher in early trading on Wednesday after euro zone members gave Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans. The pan-European FTSEurofirst 300 was up...
The Jatiya Sangsad on Wednesday unanimously passed the ‘Export Promotion Bureau (EPB) Bill, 2015 for continuing activities of the bureau to expand the country's export basket. Commerce Minister Tofail Ahmed moved the bill in the House for its passage with...
US stocks slumped at the open on Wednesday, pushing the bluechip Dow Jones Industrial average into negative territory for the year, as Chinese markets slid further and as the Greece debt crisis dragged on. The decline also pushed the Nasdaq...
Bangladesh Bank on Wednesday withdrew its mandatory guarantee provision against any foreign loan to be taken by a local firm following the approval of the Board of Investment (BoI). A central bank circular, issued by its Foreign Exchange Policy Department...
Maj Gen (retd) Amjad Khan Chowdhury, Chief Executive Officer (CEO) of PRAN-RFL Group, died of old-age complications in the USA on Wednesday. He was 76. He breathed his last at Duke Medical College in North Carolina of the USA around...
Shakib Al Hasan, number one all-rounder of the World had Iftar with children with autism on the occasion of the first founding anniversary of his business house ‘Cosmic Xavian’ at the Jamuna Future Park in the city on Wednesday. Famed...
The tax at source on three bonds including the Wage Earner Development Bond has been withdrawn for the current 2015-16 financial year, an official statement said. The Debt Management Department of Bangladesh Bank (BB) in a circular Wednesday said there...
Bangladesh Bank withdrew on Wednesday tax at source on the incomes of three government bonds, including wage earners’ development bond. A circular of the central bank, issued by the Debt Management Department (DMD), said that in reference to the letters...
Prime Minister Sheikh Hasina expressed her deep shock on Wednesday at the death of retired major general Amjad Khan Chowdhury, founder of Pran-RFL Group. In a condolence message, the Prime Minister said Amjad Khan Chowdhury’s initiatives are playing a supportive...
Greek Prime Minister Alexis Tsipras has promised his government will submit "credible reform" proposals to its creditors Thursday. Mr Tsipras was speaking during a fractious debate on the Greek debt crisis in the European Parliament. Greece is desperate for a...
The maritime ports of Chittagong, Cox’s Bazar, Mongla and Payra have been advised to hoist local cautionary signal No three following deep conviction in the North Bay. Deep conviction is taking place over the North Bay under the influence of...
Sharjil Haque and Sabrina Afroz | 2015-07-08 00:00:00
The recently announced national budget has sparked considerable debate among economists, business leaders and the general public. Barely a few weeks have passed since the Finance Minister's speech, and it is widely considered that neither a 23 per cent growth...
M Jalal Hussain | 2015-07-08 00:00:00
Greece, a country with rich culture and civilisation, is located in southern Europe. The country, considered the birthplace of modern civilisation in Europe, has been facing traumatic financial and debt service crisis for the last few years. The Greek debt...
An area measuring 13,000 acres, a part of which is situated in prime locations, cannot be considered negligible in a land-scarce country like Bangladesh. The country's Railways Minister Md. Mazibul Hoque during the question-hour time informed parliament last Sunday that...
Wasi Ahmed | 2015-07-08 00:00:00
Work on the services waiver for the least developed countries (LDCs) is progressing at a slow pace. Given that the process required a clear road map on the issue, one could not expect that operationalising the waiver could have been...
Nabil Azam Dewan | 2015-07-08 00:00:00
The gradual dominance of economic globalisation and the sweeping progress of the information and communication technologies have intensively persuaded countless people to pursue private and professional lives in more than one country simultaneously. However, such people - already being part...
In this year's budget the government has proposed a 7.5 per cent VAT on the tuition fees of private university students. As a private university student I consider this a barrier to higher studies. All students of private universities do...
The long awaited news from Geneva published by most local dailies on the July 5 is indeed a great breakthrough in the history of solar powered flight. Both Borchberg and Piccard, the two committed pilots deserve due recognition and appreciation...
The e-token system introduced recently by the Indian High Commission at Dhaka was supposed to have made the Indian visa procedure easier and more traveller-friendly. But in reality it has only accentuated the sufferings of the visa seekers. Now a...
Akhtar Zamil | 2015-07-08 00:00:00
The National Board of Revenue (NBR) introduced the 'Transfer Pricing Scheme' hurriedly in the financial year 2011-2012. It, however, did not make any provision for infrastructure development to promote the scheme among concerned members of the public. Even it did...
Tarequl Islam Munna | 2015-07-08 00:00:00
The factors responsible for the recent low-frequency floods in Bangladesh are either short-term or long-term processes. Palpable phenomena that take place prior to and during floods are termed short-term processes. In contrast, the gradual phenomena which cannot be tied to...
Our Correspondent | 2015-07-08 00:00:00
SYLHET, July 7: The inhabitants of Sylhet City Corporation (SCC) have long been suffering much for pure drinking water as the much-desired water supply project is yet to be completed. Presently, about 30 million litre water is being supplied through...
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