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1 killed in Magura clash: 9 injured

2015-06-06 00:00:00

A man who was injured in a clash between two rival groups at Srirampur village in Magura Sadar upazila died at Magura Sadar Hospital on Saturday. The deceased was identified as Abdus Kuddus Molla, 50, a resident of the area....

Three bikers die in C\\\'nawabganj crash

2015-06-06 00:00:00

Three motorcyclists were killed as a truck crashed into a motorbike carrying them in Chapainawabganj Sadar upazila on Saturday noon. The deceased were identified as Mohammad Rafiqul Islam, 30, son of Montaz Ali, Nayan, 42, son of Shafiqul Islam of...

Malaysia quake death toll rises to 11

2015-06-06 00:00:00

A devastating tremor hit Mount Kinabalu near Kundasang in Malaysia killing 11 people, officials said on Saturday. The 6.0-magnitude earthquake quake which struck on Friday, also left at least eight people missing. Authorities of Kinabalu said they took emergency steps...

6 protocols, 13 MoUs signed with India

FE Online Report | 2015-06-06 00:00:00

Bangladesh and Indian governments signed six protocols and agreements along with 13 memoranda of understanding (MoU) on Saturday, the first day of Indian Prime Minister Narendra Modi’s two-day official visit in Dhaka. The deals were inked after the first of...

Indian PM to call on President Sunday

2015-06-06 00:00:00

The visiting Indian Prime Minister Narendra Modi will make a courtesy call on President Mohammad Abdul Hamid at Bangabhaban on Sunday, a highly-placed source at the Ministry of Foreign Affairs of Bangladesh said on Saturday afternoon. It said, Modi is...

2 special economic zones to be set up for India

2015-06-06 00:00:00

Prime Minister Sheik Hasina a on Saturday said a greater connectivity is very vital for the development of both Bangladesh and India, and the region. She said signing of a slew of agreements on that front are examples of the...

Fair solution to Teesta, Feni rivers issues assured

2015-06-06 00:00:00

Noting that rivers should nurture relationship not become a source of discord, Indian Prime Minister Narendra Modi on Saturday assured that India will be able to settle the Teesta and Feni rivers’ water-sharing issues with the help of its West...

BSD protests Modi\\\'s visit in Sylhet

2015-06-06 00:00:00

Bangladesher Samajtantrik Dal (BSD) on Saturday protested Indian Prime Minister Narendra Modi’s visit to Bangladesh. The BSD activists brought a procession in Sylhet city in the afternoon. The procession ended at the City Point, after parading Central Shaheed Minar, where...

Budget investment-friendly: FBCCI

2015-06-06 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) has welcomed the proposed budget, terming it business- and investment-friendly one. The country’s apex trade body, however, expressed its concern over the government’s decision to meet the budget deficit through...

Photo: A day long training programme on \\\"Operation of NRB Remittance Software\\\"

2015-06-05 00:00:00

Budget loses sight of tourism

FE Report | 2015-06-05 00:00:00

The proposed budget has not kept any special allocation for the tourism industry, though the government has declared it a thrust sector. In his budget speech, finance minister AMA Muhith mentioned a series of steps taken by the government to...

Tofail urges LDCs to work jointly to realise demands

2015-06-05 00:00:00

Commerce Minister Tofail Ahmed, on a visit to Paris, Thursday urged the Least Developed Countries (LDCs) to work with unity to realise their demands in the 10th ministerial conference of World Trade Organisation (WTO) to be held in December in...

Remittance flow rises 7.1pc in July-April

FE Report | 2015-06-05 00:00:00

Remittance flow has registered 7.1 per cent growth in the first 10 months of the current fiscal year (FY), 2014-15, compared to the same period (July-April) of the previous fiscal, said the finance minister in his budget speech on Thursday....

100 new economic zones within 15 years: Muhith

FE Report | 2015-06-05 00:00:00

Finance Minister AMA Muhith said Thursday some 100 economic zones will be established across the country within next 15 years to raise export earnings by US$ 40 billion and create employment opportunities for 10 million people. "The government has taken...

Exchange Rate

2015-06-05 00:00:00

Finance Minister\\\'s Word Cloud

2015-06-05 00:00:00

Gas supply from imported LNG by middle of 2017

FE Report | 2015-06-05 00:00:00

The government hopes to initiate supply of gas from imported liquefied natural gas (LNG) by mid-2017 although necessary infrastructures like building of LNG receiving terminal and pipeline is not yet completed. "Hopefully, we will be able to supply gas from...

Tk 79.11b proposed for road transport, communication

FE Report | 2015-06-05 00:00:00

The proposed budget for fiscal year 2015-16 has kept an allocation of Tk 79.11 billion for road transport and communication sector giving much importance to road maintenance and repair work on existing roads. Only one four-lane project to upgrade Joydevpur-Changra-Tangail-Elenga...

Digital land zoning in progress

FE Report | 2015-06-05 00:00:00

The government would take a special initiative under the public-private partnership (PPP) arrangement to expedite issuance of land ownership certificate, Finance Minister said Thursday in his budget speech. "A special initiative will be undertaken this year under PPP to expedite...

Budget aims to break \\\'6.0pc growth trap\\\'

Shamsul Huq Zahid | 2015-06-05 00:00:00

Finance Minister AMA Muhith placed Thursday in parliament (Jatiya Sangsad) a fat budget that intends to take the economy out of the '6.0 per cent growth trap', spurring both private and public sector investments. In the quest for higher economic...

Budget Reactions

Jasim Uddin Haroon | 2015-06-05 00:00:00

Eminent economists said the new budget proposals failed to show how to raise private investment which is a prerequisite for achieving the desired economic growth in the next fiscal year. The proposals made in the budget for investment will not...

Corporate tax cut for listed banks, NBFIs, Ins cos

FE Report | 2015-06-05 00:00:00

The proposed budget has cut corporate tax rate for listed banks, non-banking financial institutions (NBFIs) and insurance companies by 2.5 per cent and also trimmed down the tax rate for other listed companies to 25 per cent. Both listed and...

What\\\'s up, what\\\'s down

FE Report | 2015-06-05 00:00:00

Prices of a plethora of imported essential commodities may rise as the government proposes to impose higher taxes on the items in the 2015-16 fiscal budget. Rice, wheat, crude and refined edible oils and sugar, petroleum oil, and maize are...

Tax-free ceiling up to Tk 0.25m

FE Report | 2015-06-05 00:00:00

Tax-free ceiling for individual taxpayers has been proposed to be raised at Tk 0.25 million (2,50,000) from the upcoming fiscal year (FY), 2015-16, following increased cost of living and inflation. The tax-free ceiling for individual taxpayers remains unchanged at Tk...

Budgetary Resources

2015-06-05 00:00:00

Prayer Timings

2015-06-05 00:00:00

Muhith\\\'s press confce today

2015-06-05 00:00:00

Finance Minister Abul Maal Abdul Muhith will address a post-budget press briefing today (Friday), said an official handout. The press briefing will be held at 4 pm at the Osmani Memorial Auditorium where the finance minister will speak and respond...

Tk 2.0b to be set aside for enclaves

2015-06-05 00:00:00

Finance Minister AMA Muhith has proposed allocation of an additional Tk 2 billion to expedite development for the enclaves that will be handed over to Bangladesh after the land boundary settlement with India. Abul Maal Abdul Muhith in his budget...

Taxpayers to be 3.0m, says Muhith

2015-06-05 00:00:00

Finance Minister AMA Muhith has revealed plans to raise the number of active taxpayers by almost three times. In his FY 2015-16 budget proposals at Parliament on Thursday he said efforts will be made to raise the number of tax...

4.0pc source tax proposed for media ad

2015-06-05 00:00:00

The budget for FY 2015-16 has proposed to increase the rate of tax at source on advertisements of print, electronic and online media to 4.0 per cent from existing 3.0 per cent.     — FE Report