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S Arabia clears Makkah of over 300,000 unregistered pilgrims

2024-06-10 00:00:00

RIYADH, June 09 (AFP): Saudi Arabia said on Saturday that security forces had cleared hundreds of thousands of unregistered pilgrims from Makkah ahead of the hajj which begins next week.Crowd management is a major concern during the annual pilgrimage, one...

European Parliament poised for rightward shift

2024-06-10 00:00:00

ROME, June 09 (Reuters): Voters in 21 EU countries including France and Germany will conclude a four-day election for the European Parliament on Sunday, which is expected to shift the assembly to the right and boost the numbers of eurosceptic...

One killed by lightning strike in Habiganj

2024-06-10 00:00:00

HABIGANJ, June 09 (BSS): A man was killed by lightning strike at Baniachang upazila of the district here on Sunday noon.The deceased was identified as Liton Mia, 24, hailed from Eralia village in the upazila.

Khulna road crashes kill two

2024-06-10 00:00:00

KHULNA, June 09 (UNB): Two people were killed and two others sustained injuries in a head-on collision between a passenger bus and a private car in Khulna on Sunday.The accident occurred around 2:30pm in Mecha-ghona area of Dumuria on the...

Flood hits Sylhet roads

OUR CORRESPONDENT | 2024-06-10 00:00:00

SYLHET, June 09. Flooding has hit hard the road network in the district and adjoining areas, causing immense sufferings for general people.Although the floodwater has started to recede from most places of the upazilas in the district, the overall flood...

Special mango train starts operation today

OUR CORRESPONDENT | 2024-06-10 00:00:00

RAJSHAHI, June 09: The Bangladesh Railway is set to launch a special mango train from Chapainawabganj to Dhaka for the fifth time today (Monday) in order to transport mangoes at a low cost. Despite incurring a loss of Tk20 million...

A brief note on FY25 fiscal measures

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, Towfiqul Islam Khan, Muntaseer Kamal and Syed Yusuf Saadat | 2024-06-10 00:00:00

In the national budget for the fiscal year 2024-25 (FY25), some changes proposed to provide relief to low & middle-income groups, and to impose higher rates of taxes to high income groups. Retrospective to prospective tax system introduced for proper...

Gaming: Beyond pastime to a career opportunity

2024-06-10 00:00:00

Gaming and eSports is one of the highest-paying industries currently in entertainment. Once viewed as little more than a hobby or a way to pass time, gaming is rapidly transforming into a global economic powerhouse. Currently, a top-grossing entertainment industry...

Rupnagar roads littered with garbage

2024-06-10 00:00:00

During a recent visit to Rupnagar residential area of Dhaka, I was dismayed to observe a significant portion of the road under heaps of garbage. It appears that some individuals have transformed a portion of the road into a makeshift...

Danger of treating black money softly

Syed Fattahul Alim | 2024-06-10 00:00:00

'Black money', according to Investopedia,'includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes'. The sources of black money, as defined, include tax evasion as well as corruption, money laundering and illicit...

Hidden toll of food insecurity on children

2024-06-10 00:00:00

Poverty, food insecurity, and malnourishment are persistent problems for millions of low and middle-income families in Bangladesh. In recent years, the situation has worsened further for people living below the poverty line due to the skyrocketing prices of food. The...

Competitive democracy touches the Indian horizon

Muhammad Zamir | 2024-06-10 00:00:00

The opposition obituaries had been written. According to most polls, India's election was a foregone conclusion. Prime Minister Narendra Modi's right-wing, Hindu-nationalist alliance was expected to secure a super majority, and with it the power to enact radical change unopposed....

Our varsities: focus should be on quality, not number

Atiqul Kabir Tuhin | 2024-06-09 12:00:00

It's been known for long that one of the major problems facing the country's private universities is the lack of permanent campuses. The University Grants Commission (UGC) - the government body responsible for regulating tertiary education - has long been...

A rare Tigers' leg-spinner shows his worth in a big stage

2024-06-09 00:00:00

The inclusion of young leg-spinner Rishad Hossain in the Bangladesh T20 World Cup squad wasn't surprising considering the way he performed for the national team during the last couple of bilateral series. However, there were concerns whether the leggie could...

Now, big ships berthing at Matarbari deep-sea port

NAZIMUDDIN SHYAMOL | 2024-06-09 00:00:00

CHATTOGRAM, June 08: A total of 135 ships have already berthed at the jetty of Matarbari deep-sea port channel at Maheshkhali in Cox's Bazar.Sources have said 175-metre and 10-metre draught ships  are getting the berthing facilities at the port jetty.When...

BD falls behind in bagging US garment work orders

Monira Munni | 2024-06-09 00:00:00

Bangladesh is lagging far behind others in seizing US garment work orders shifting from China, which industry insiders attributed to a number of factors like inefficiency, long lead time and energy crisis.Data available with the Office of Textiles and Apparel...

Budget lacks focus on private sector needs: Experts

FE REPORT | 2024-06-09 00:00:00

The private sector has not received adequate attention in the proposed national budget for 2024-25 fiscal year, experts said at a roundtable on Saturday. They also highlighted the lack of initiatives aimed at expanding industrialisation, diversifying exports, and boosting private...

Internal borrowing likely to increase inflation: ICAB

FE REPORT | 2024-06-09 00:00:00

Hailing the proposed national budget, the Institute of Chartered Accountants of Bangladesh (ICAB) has said financing a huge sum of money from internal sources through borrowing could raise inflation.About huge internal borrowings, ICAB president Forkan Uddin says from the macro-economic...

Proposed budget frustrates textile, apparel sector

FE REPORT | 2024-06-09 00:00:00

Leaders of the country's textile and apparel sector on Saturday urged the government to reconsider a cut in source tax and continuation of cash incentive which, according to them, were not reflected in the proposed budget for FY 2024-25.They also...

No clear directive on cut in inflation: Mirza Aziz

FE REPORT | 2024-06-09 00:00:00

Although this year's budget promises to reduce inflation to 6.5 per cent, there is no clear direction to achieve this goal.Besides, in the absence of special initiatives for investment and job creation, it will be difficult to achieve economic stability.Dr...

Bring urban wealthy people under tax net

FE Report | 2024-06-09 00:00:00

Noted economist Dr Binayak Sen on Saturday recommended bringing wealthy people, who earn 45 per cent of the urban income, under tax net to relieve the middle- and lower-income group from the tax burden."Bring them into direct income tax and...

'BD's reliance on fossils fails global commitments'

FE REPORT | 2024-06-09 00:00:00

Bangladesh's dependence on fossil fuels hinders its ability to meet international commitments under the Paris Agreement and sustainable development goals (SDGs) related to climate change mitigation and clean energy transition.Speakers made the observations at a national policy dialogue hosted on...

Economic crisis may deepen further

FE Report | 2024-06-09 00:00:00

The country's economic crisis may become more severe after one year, according to South Asian Network on Economic Modelling (SANEM), as the local think-tank said the proposed budget does not offer an adequate recovery plan for the turbulent macro environment."The...

Modi takes oath today

2024-06-09 00:00:00

NEW DELHI (BSS): Prime Minister Sheikh Hasina reached New Delhi on Saturday to attend the swearing-in ceremony of Narendra Modi as the prime minister for a third consecutive term.She is visiting Indian capital to join the oath-taking ceremony at her...

NBR freezes bank accounts of three firms, recovers Tk 2.69b

Doulot Akter Mala | 2024-06-09 00:00:00

State-owned Jamuna Fertilizer Company Ltd, despite being profitable and holding huge amounts in fixed deposit receipts (FDRs), had not settled its taxes for around nine years.Their tax delinquencies met with an unprecedented enforcement this month. In an unprecedented move, taxmen...

FBCCI critical of budgetary targets beyond means

FE REPORT | 2024-06-09 00:00:00

Bangladesh's apex chamber may not oppose legalizing legitimately earned undeclared money under the new budgetary amnesty but will request the government not to allow the whitening of ill-gotten wealth.President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)...

Proposed budget: BNP gives formal reaction today

2024-06-09 00:00:00

FE Report Bangladesh Nationalist Party (BNP) will give its formal reaction to the proposed budget for the fiscal year (FY) 2024-2025 today (Sunday). BNP secretary general Mirza Fakhrul Islam Alamgir along with the party's standing committee members will come up...

Fakhrul slams PM's comment on whitening black money

2024-06-09 00:00:00

FE REPORT Bangladesh Nationalist Party (BNP) secretary general Mirza Fakhrul Islam Alamgir said on Saturday that the government had given the scope to whiten black money in the proposed budget for the fiscal year (FY) 2024-2025 is like 'catching fish...

New budget aimed at taming inflation: AL

2024-06-09 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Saturday said the main objective of the proposed budget for the fiscal year 2024-25 is to remove ongoing economic uncertainty and crisis and contain high inflation,...

Light rain likely today ------------------

2024-06-09 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur Mymensingh, Dhaka, Chattogram, Rajshahi, Khulna, Barishal and Sylhet divisions in the next 24 hours from 06:00 am, according to the Met...