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'Hard' lockdown hits poor hard

Jubair Hasan and Talha Bin Habib | 2021-07-06 00:00:00

The ongoing hard lockdown, which is seen essential to contain both Covid fatalities and infections, has again hit the poor and low-income people hard.In fact, the restrictions on movement of people and economic activities have dealt almost a death blow...

DTCA's call falls on deaf ears

MUNIMA SULTANA | 2021-07-06 00:00:00

Different government agencies have continued building road infrastructures and high-rise structures without approval from the authorities concerned, further deteriorating the traffic congestion in the city and adjacent areas.Dhaka Transport Coordination Authority (DTCA) has identified a good number of such projects,...

Accelerate the global vaccine access

Kristalina Georgieva, David Malpass, Tedros Adhanom Ghebreyesus and Ngozi Okonjo-Iweala | 2021-07-06 00:00:00

As many countries are struggling with new variants and a third wave of Covid-19 infections, accelerating access to vaccines becomes even more critical to ending the pandemic everywhere and achieving broad-based growth. We are deeply concerned about the limited vaccines,...

Perils of extreme heatwaves

Syed Fattahul Alim | 2021-07-06 00:00:00

An extreme heat wave has struck Western Canada and the US Pacific Northwest causing deaths to hundreds of people. In American Northwest, the city of Portland in the state of Oregon, for example, witnessed its highest ever temperature at 46.1...

Disadvantaged people neglected in the budget

Debapriya Bhattacharya, Sarah Sabin Khan, Md Mursalin Hossain Rabbi, N. M. Ashikuzzaman, Afra Tahsin Chowdhury, Fabiha Bushra Khan, Najeeba Mohammed Altaf, Shama Tasnim | 2021-07-06 00:00:00

This year's budget comes on the 50th Anniversary of our Independence and Bangabandhu's Birth Centenary. Besides, the run-up to the LDC exit (2026) has already started. The second tier of the SDG timeline has begun with one-third of the implementation...

Tax revenue posts 17pc growth

Doulot Akter Mala | 2021-07-05 00:00:00

Despite economic slowdown due to the Covid-19 pandemic, revenue collection posted a 17 per cent growth in the just concluded fiscal year (FY) over that of the previous FY thanks to contribution of the large corporate taxpayers.The National Board of...

Dhaka Bank to double investment in retail and SME sectors

Siddique Islam | 2021-07-05 00:00:00

Dhaka Bank Limited has planned to focus its financing in retail and small and medium enterprises (SME) for minimising risk and diversifying portfolios by 2025, the bank's top executive has said.Under the plans, the investment in retail and SME will...

Fund raising through IPOs hits a decade high

BABUL BARMAN | 2021-07-05 00:00:00

Private companies have offloaded primary shares worth Tk 16.12 billion in the just concluded fiscal year, the highest amount in more than a decade, amid virus-induced sluggish economic activities.With the latest one of Baraka Patenga Power, the country's capital market...

Fraudsters on the prowl -

Neil Ray | 2021-07-05 00:00:00

Fraudsters had been quite active for long well before the arrival of coronavirus in this country. But during the pandemic, they seem to be super active. Right from the time there was indication that vaccine/s would be available for application...

Indifference during a peak Covid time

Shamsul Huq Zahid | 2021-07-05 00:00:00

At least 14 Covid-patients reportedly died in the country's two district hospitals for lack of high-flow oxygen supply between Wednesday and Friday. Seven of the ill-fated patients breathed their last at the Covid dedicated Mohammad Ali Hospital at Bogra which...

China: The sleeping giant is wide awake

Syed Badrul Ahsan | 2021-07-05 00:00:00

Communism has been a boon for China. In the last one hundred years and especially since October 1949, the Communist Party has not only endured but has also transformed the country into a powerhouse, almost into a superpower. That communism...

Bring rice mkt manipulators to book

REZAUL KARIM | 2021-07-04 00:00:00

This time the Special Branch (SB) of police has come up with a set of recommendations, including bringing the market manipulators to book, in order to keep the rice prices stable.The SB placed the recommendations in an intelligent report at...

Rethinking the stimulus packages for CSMEs: A labour market analysis

Mohammad Nazmul Avi Hossain | 2021-07-04 00:00:00

For the endurance of Covid-19, the government announced 23 stimulus packages (until March 2021) worth of Tk 1,240.53 billion which accounts for almost 4.40 per cent of the country's Gross Domestic Product (GDP). Furthermore, in January 2021, two new stimulus...

Estimating the size of black economy

Asjadul Kibria | 2021-07-04 00:00:00

The legal scope of whitening black money has been retained finally in the finance bill, endorsed at the national parliament on Wednesday, with a penalty and hard conditions. Thus black money or undisclosed income can be whitened or declared by...

43pc of VAT Online Project funds unspent

DOULOT AKTER MALA | 2021-07-03 00:00:00

Nearly 43 per cent or Tk 3.0-billion funds of the much-talked about VAT Online Project (VOP) remained unspent even after the end of its tenure this June 30.Officials said the project underspent the allocation as some of the planned steps...

Faulty financing system impedes PPP project implementation

SYFUL ISLAM | 2021-07-03 00:00:00

The faulty financing system is hindering execution of projects under the public private partnership (PPP), a system the government persuades for implementation of its development works.Due to the procedural complications, the projects do not get required funds from banks and...

RHD yet to settle row with Japanese OSJI

MUNIMA SULTANA | 2021-07-03 00:00:00

The Roads and Highways Department (RHD) is yet to start the process to settle a case involving the Japanese consortium OSJI that worked for the country's three bridge construction projects, whereas a decision to go to international court was taken...

How GRI, DSE helping listed companies

DR. ADITI HALDAR and ABDUL MATIN PATWARY | 2021-07-03 00:00:00

Global Reporting Initiative (GRI) is the international, non-profit organization that provides the world's most widely used sustainability reporting standards. In the South Asia region and companies are increasingly using the GRI Standards to disclose their impacts. GRI's work in Bangladesh...

A delicate global game

Md. Ziauddin Iqbal and Mst. Marium Begum | 2021-07-03 00:00:00

Global politics is now familiar with several new words following the outbreak of the ever deadliest Coronavirus pandemic, among which one new term is "Vaccine Diplomacy." Diplomacy is an English word, derived from the Greek word "Diplon," which means folding....

Pandemic's lessons go unheeded as ever

Nilratan Halder | 2021-07-03 00:00:00

How welcome rains are when scorching heat of summer makes a hell of a life for people. Right now parts of Canada and the United States of America are smarting under a relentless and repressive sun. People there are gasping...

Stocks extend rally as major sectors keep gaining

BABUL BARMAN | 2021-07-03 00:00:00

Stocks extended rally for the second consecutive week, the last week of the just concluded fiscal year, as bargain hunters continued their buying binge on major sector issues ahead of the complete lockdown.The government enforced countrywide week-long strict lockdown started...

Eastern Waterways Grid to benefit BBIN countries

Natalya Stankevich, Erik Nora and Arnab Bandyopadhyay | 2021-07-03 00:00:00

Rivers are the oldest means of transport in the massive Ganga-Brahmaputra-Meghna delta, where a dense lattice of waterways once carried over 70 per cent of the goods and passengers within the region. Today, however, less than 2.0 per cent of...

Post-US Afghanistan: How would it look like?

Syed Fattahul Alim | 2021-07-03 00:00:00

How is the US-brokered peace process progressing in Afghanistan? And once all the US troops are withdrawn from Afghanistan by early September this year, as scheduled, what is the prospect that peace in that war-ravaged country will finally arrive? Will...

BSEC issues rules to govern Tk 210b fund

MOHAMMAD MUFAZZAL | 2021-07-02 00:00:00

The securities regulator has finally issued a set of rules, paving the way for creating a special fund to help revitalise the capital market.The much-awaited rules on formation of the market stabilisation fund came into effect from June 27 last...

Most of PCBs see uptick

Siddique Islam | 2021-07-02 00:00:00

Most of the private commercial banks (PCBs) showed an increased operating profit in the first six months (H1) of this calendar year (2021) despite the extent of overall classified loans in the banking system was on the rising trend, bankers...

The remodelled money whitening opportunity

Shamsul Huq Zahid | 2021-07-02 00:00:00

The opportunity given to the holders of dirty money in the budget for the immediate past financial year had raised lots of hullabaloos. The honest taxpayers---their number is unlikely to be very large, in particular, were annoyed.Economists and some business...

Making most of demographic data

Nilratan Halder | 2021-07-02 00:00:00

A survey report titled, "Bangladesh Sample Vital Statistics (BSVS) 2020" unveiled on Monday last has come up with many a positive for the nation even in this most critical time. However, the title should have been Sample Bangladesh Vital Statistics...

Corporate tax receipts exceed target

DOULOT AKTER MALA | 2021-07-01 00:00:00

The tax authority has surpassed its target for tax collection from large taxpayers in the just concluded fiscal year (FY), thanks to money whitening scheme and withholding tax collection.According to a provisional data of Large Taxpayers Unit (LTU) under the...

Workshops: Learning or waste of time?

Jannatul Ferdous Anan | 2021-07-01 00:00:00

If Neville Longbottom (a fictional character in Harry Potter) was asked whether he prefers a one-hour session with Professor Lupin or a course with Professor Snape, he probably would've chosen the former one in a heartbeat. Workshops are similar to...

Reframing polygamy law

Helal Uddin Ahmed | 2021-07-01 00:00:00

As is well-known, a Muslim man can have as many as four wives based on the Islamic Sharia law, but not more simultaneously. In the backdrop of this general perception of Islam condoning polygamy, the Grand Imam of Egypt's topmost...