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NBR to introduce e-TDS system soon

DOULOT AKTER MALA | 2021-08-01 00:00:00

The taxpayers would soon be able to adjust or claim tax credit or seek refund of their paid advance income tax (AIT) under the electronic tax deducted at source (e-TDS) system.The tax authority has prepared a system to introduce the...

Eight companies see decline in stakes held by foreigners

Mohammad Mufazzal | 2021-08-01 00:00:00

Some eight listed companies having good fundamentals saw a decline in stakes held by foreigners in last six to twelve months.The amount of shares held by foreigners declined ranging between 0.64 per cent and 6.32 per cent in those companies...

Making the digital money revolution work for all

Tobias Adrian and Tommaso Mancini-Griffoli | 2021-08-01 00:00:00

History moves in uneven steps. Just as the telegraph erased time and distance in the 19th century, today's innovations in digital money may bring significant changes in the way we lead our lives. The shift to electronic payments and social...

Monetary policy overlooks bond market

Asjadul Kibria | 2021-08-01 00:00:00

As the government is trying to deepen the country's bond market, secondary trading of the fixed-income tradable government securities jumped significantly in the last fiscal year (FY21). The value of annual secondary transactions of these securities stood at Tk 1377.70...

Agonies and ecstasies of the Olympians at Tokyo

Nilratan Halder | 2021-07-31 12:00:00

At a time the world is struggling to get rid of a deadly virus, the Tokyo Olympics is an anachronism. The greatest show on Earth has continued without any let-up so far. Sportsmen and sportswomen have been competing in their...

Substandard solar panels banned

SYFUL ISLAM | 2021-07-31 00:00:00

The government has prohibited selling, distribution and advertising of solar panels and inverters unless they meet Bangladesh Standard (BDS).The industries ministry has recently issued a gazette notification in this regard, mentioning the specific BDS for solar panels and converters which...

Dhaka requests Delhi not to impose ADD on CFG

REZAUL KARIM | 2021-07-31 00:00:00

Bangladesh has requested India not to impose anti-dumping duty (ADD) on its clear float glass (CFG) as such Bangladeshi product was not being exported to the Indian market at dumped prices, officials said.Dhaka has recently made the request at a...

Glimpses of current economy

Mokhtarul Wadud | 2021-07-31 00:00:00

It is a very tough task to recommend good books for ordinary readers on economics who want to educate himself/herself on the country's key economic issues without any boredom of theory or equation, Md Mazadul Hoque's latest book titled "Macroeconomic...

DSEX posts marginal gain to hit record high

BABUL BARMAN | 2021-07-31 00:00:00

Stocks posted a marginal gain in the outgoing week, with the key index of the major bourse hitting a new high, as bargain hunters continued to put fresh bets on shares despite virus worries.The week featured five trading days against...

America's precipitous retreat from Afghanistan

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-07-31 00:00:00

The American troops in Afghanistan are now being withdrawn. The process has begun in May and it is expected that the withdrawal would be completed much earlier than September 11, 2021 the deadline set by President Biden. The Bagram air...

The political economy behind the gold rush of apologies in Africa

A K Enamul Haque | 2021-07-31 00:00:00

Africa, often labelled as the dark continent of the world, is now under intense pressure to choose a side. It is once again a centre of conflict between superpowers. This continent was initially invaded by the Arabs, who spread Islam...

The issue of golden rice

Syed Fattahul Alim | 2021-07-31 00:00:00

The Philippine's regulatory body, the Bureau of Plant Industry (BPI) under the Department of Agriculture, has given golden rice the nod of approval to grow this genetically modified (GM) crop commercially. That country's farmers will now grow this variety of...

Experts raise question about feasibility study

MUNIMA SULTANA | 2021-07-30 00:00:00

Revision of infrastructure development projects with both time and cost has become a regular phenomenon, raising questions about the quality of feasibility studies on the projects.The revisions were being done mainly in terms of time extension and increasing the costs...

Expansionary monetary policy stays

SIDDIQUE ISLAM | 2021-07-30 00:00:00

The central bank has announced to continue with its ongoing expansionary monetary policy amid cautious stance for the current fiscal year (FY) to help boost recovery of the pandemic-hit economy.The Bangladesh Bank (BB) posted the monetary policy statement (MPS) for...

Alternative to SSC and HSC elective-subject examinations

Nilratan Halder | 2021-07-30 00:00:00

The country's education system has prioritised public examinations, particularly the Secondary School Certificate (SSC) and the Higher Secondary Certificate (HSC) including their equivalents, because the performances at these levels mainly decide the future of students. Although, two other public examinations...

Self-skilled workers can enter formal job market

DOULOT AKTER MALA | 2021-07-29 00:00:00

Informally or self-skilled workers will now be able to get a certificate of recognition nationally based on their experience to enter the formal job market.Jobless returnee technical workers, those having skills earned through online training, institutional, vocational or non-institutional training,...

Monetary policy due today

SIDDIQUE ISLAM | 2021-07-29 00:00:00

The central bank is set to unveil today its monetary policy for the current fiscal year (FY) with an eye to accelerating recovery of the pandemic-hit economy, officials said.The Bangladesh Bank (BB) would announce the monetary policy statement for FY...

SSC-HSC assignments: Questions learners might ask

Sirajum Munira Tuli | 2021-07-29 00:00:00

It has been about a year and a half since educational institutions were closed. In the meantime, 'New Normal' has become much more normal. Students are just about to get used to assignment-based studies. Will the assessment of the assignment...

How long will people live in the future?

John Letzing | 2021-07-29 00:00:00

Benjamin Franklin had already turned 70 by the time he signed the US Declaration of Independence in 1776, when the average man wasn't expected to live to see 34. The inventor and statesman's remarkable longevity - he died at the...

Accountability for workers' safety

Helal Uddin Ahmed | 2021-07-29 00:00:00

It is generally acknowledged that accountability of the executive, judicial and legislative organs of the state towards citizens and the constitution is deficient in many developing countries of the world including Bangladesh. This is all the truer where governance is...

BD to request Chinese govt to reconsider funding

MUNIMA SULTANA | 2021-07-28 00:00:00

Bangladesh Railway (BR) will request the China government to reconsider funding the Joydebpur-Ishwardi double-line project after the Chinese side pulled out of the project. The decision was taken during a meeting between BR and the Railways Ministry early this month,...

How blockchain can power sustainable development

Shamika N Sirimanne and Clovis Freire | 2021-07-28 00:00:00

If you have been following the financial news, you may have seen that the value of one bitcoin skyrocketed from around $11,000 in October 2020 to over $62,000 in April 2021, before plummeting to under $32,000 two months later.If you...

When discharged from the cases of Anti Corruption Commission

Md Khurshid Alam Khan | 2021-07-28 00:00:00

Sub-section 3 of the Section 6 of the Criminal Law Amendment Act, 1958 provides that the provision of Chapter XX of the Code Criminal Procedure, 1898, shall apply to trial of cases under the Act, in so far as they...

BB streamlines reporting format for NBFIs

Siddique Islam | 2021-07-27 00:00:00

The central bank has streamlined loan classification reporting format for non-banking financial institutions (NBFIs) - aiming to curb the rising trend of stressed assets through strengthening monitoring, officials said.The stressed assets cover non-performing loans (NPLs) as well as restructured and...

E-payment of tax to be made mandatory

Doulot Akter Mala | 2021-07-27 00:00:00

Electronic payment (e-payment) of tax, which is now optional in some cases, will be gradually made mandatory in all the wings of the National Board of Revenue (NBR).The level of compliance in areas where e-payment is optional has been very...

Thrust on aggressive marketing strategy

REZAUL KARIM | 2021-07-27 00:00:00

The Bangladesh mission in the UK has come up with a set of suggestions, including 'aggressive marketing strategy', aimed at absorbing the potential economic shocks following the free trade agreement between the UK and Vietnam.Other suggestions include increasing exports of...

Afghanistan: Back to Square One?

Air Cdre (Retd) IshfaqIlahi Choudhury | 2021-07-27 00:00:00

As the US and NATO forces abandon Afghanistan after 20 years of engagement, the Taliban forces are consolidating their position across the country. It appears that the Afghan Government forces are collapsing faster than anyone predicted. It is almost a...

Spying tools a threat to privacy

Syed Fattahul Alim | 2021-07-27 00:00:00

The spyware, Pegasus, made by an Israeli cyber security company, NSO Group, has recently hit headlines. However, this sophisticated malware (malicious software) has been around for several years prying surreptitiously into the iPhones and other electronic devices owned by people...

Banks warned of stimulus fund flow to 'unproductive' sectors

SIDDIQUE ISLAM AND BABUL BARMAN | 2021-07-26 00:00:00

As part of a precautionary measure to avert a possible 'asset bubble', Bangladesh Bank (BB) has warned the commercial banks of diverting funds to unproductive sectors like stock market or real estate.The central bank alerted the scheduled banks amid huge...

Probe body finds two staffers responsible

MUNIMA SULTANA | 2021-07-26 00:00:00

The inquiry committee, formed to investigate the accident of hitting a pillar of the Padma Bridge by a ferry, held two staffers of the ro-ro ferry responsible.The committee stated that they could have avoided the accident by crossing the river...