Munima Sultana The government has to bear an additional cost of Tk 32.16 billion for the Dhaka Elevated Expressway (DEE) project to acquire highly expensive land in the city and rehabilitate the affected people in suitable places. Officials said the...
Bangladesh Bank governor Dr Atiur Rahman said Monday that the central bank "is looking forward to the work of the Institute of Chartered Accountants of Bangladesh (ICAB) towards full convergence of the local accounting and auditing standards in financial and...
Parliament Monday passed the Vested Properties Return (Amendment) Bill 2011, reports UNB. Land Minister Rezaul Karim Hira moved the bill in the House for smooth return of the vested properties to their genuine owners. The bill was passed by voice...
FE Report The Ministry of Finance (MoF) Monday formed a six-member committee to formulate a 'special scheme' for affected small stock investors. The committee has been given two-month time for the purpose. The managing director of Investment Corporation of Bangladesh...
Siddique Islam Credit flow to the industrial sector decreased slightly in the first quarter of the current fiscal year (FY) as the private commercial banks (PCBs) have squeezed lending for the same, officials said. The disbursement of industrial term loans...
In a major political development, three new ministers were sworn in Monday night, report agencies. The new faces took oath as ministers are Awami League leaders Suranjit Sengupta, MP and Obaidul Quader MP State Minister for Environment and Forests Dr...
A new organisation, styled Nagarik Andolan, was floated Monday, aiming to promote democracy and human rights in the country. The organisation was formally launched through a press conference at the National Press Club with elderly Supreme Court lawyer Barrister Rafiqul...
A polytechnical institute student was killed in a road accident at Doyel Chattar (square) near Shishu Academy in Dhaka University area Monday evening. The deceased was identified as Md Shafiqul Islam Ripon (18), a 2nd year electronics student of IIST,...
FE Report Experts on local government bodies underscored the need for empowering public representatives more instead of administrative executives for ensuring an effective Upazila Parishad. They called upon the government not to bring any changes in the Upazila Parishad Act-1998,...
The Parliamentary Standing Committee on the Ministry of LGRD and Cooperatives Monday placed its report on Local Government (City Corporation) (Amendment) Bill, 2011 aimed at dividing Dhaka City Corporation (DCC) in two parts in the Jatiya Sangsad, reports UNB. In...
FE Report US Ambassador-at-Large for War Crimes issues Stephen J Rapp Monday expressed disappointment for not including the suggestions proposed by the US earlier in March this year to amend certain rules of the International Crimes (Tribunals) Act for holding...
The cabinet Monday approved the drafts of two proposed bills under which the Speaker, Deputy Speaker and members of parliament (MPs) will have to pay taxes against their salaries, reports UNB. The draft bills are 'Speaker and Deputy Speaker (Remuneration...
The International Crimes Tribunal (ICT) Monday dismissed the petition filed by indicted war crimes accused Delawar Hossain Sayedee seeking reason as to how the tribunal chairman continues to hold the war crimes trial, reports UNB. Delivering the judgement upon the...
FE Report Agricultural production will have to be intensified rather than expanded as in another 40 years ( by 2050) many parts of the world will be running out of water for farming, a UN Food and Agriculture Organization report...
FE Report A forum of NGOs Monday urged the government to initiate establishment of International Core of Climate Change and Disaster Management under the leadership of Bangladesh to realise the pledged fund by the developed world for the affected nations....
It is known to all that majority of our population live in the rural areas. Their primary source of earning is from crop production and other farming related activities. Thus, attainment of real and sustainable GDP growth of the national...
Myanmar's elevation to the 'would be chair' of the Association of South East Asian Nations (ASEAN) has irked many, primarily the pro-democracy Myanmarese and their sympathisers in Asia. Terming the recent initiative of ASEAN to grant Myanmar the 2014 chair...
Business process outsourcing (BPO), as Wikipedia describes it, is a form of outsourcing that involves the contracting of the operations and responsibilities of a specific business function (or processes) to a third-party service provider. Originally, this was associated with manufacturing...
Germany's opposition Greens party, with solid chances of returning to power after the next federal election in 2013, decided at a weekend party congress to push for higher taxes on the rich and eliminate some corporate tax breaks. The Greens...
Empirical evidences from village surveys reveal that, despite rural-urban migration, the number of households in the sample villages increased, on average, at 3.0 per cent per annum during the last two decades. Needless to mention, demographic pressure and separation of...
Against the backdrop of hyper inflation of food worldwide, any fall in food prices, particularly of the staple rice is much welcome news for consumers in Bangladesh, who are gasping for breath on account of market volatility. Yet, when wholesale...
The recently released report on the UN human development index (HDI) of 187 countries shows Bangladesh in the 146th position among 182 countries. According to media reports, Bangladesh scored higher in the HDI ranking in 2011 than last year. It...
Leaders' transformation is a must to see a transformed Bangladesh. Whatever leaders are seen to be doing are perceived as mostly doing for themselves, to add to vainglorious things like winning foreign medals for this or that or for the...
This refers to the views expressed earlier in this column by one of the readers of The Financial Express for enhancement of the amount of money given as old-age allowance or pension (Boishka Bhata). We fully endorse the suggestion made...
Modern democracy needs strong and sustainable political parties possessing the capacity to effectively represent citizens; provide policy and timely decision-choices that demonstrate their capability to govern the state for the public welfare, development and progress. A political party is a...
Poor governance and the undemocratic character of the ruling party are hurting this country and its people in more ways than one. There are glaring evidences all round. The worst of all is that the ruling party seems to be...
Mamun Rashid The borrowing by the government from the banking sector has significantly gone up. Some of our economists seem to be passing sleepless nights, failing to get an answer to the question, where is the money going? Interestingly, they...
M Azizur Rahman The government will have to bear loss of Tk 160 billion on account of state-owned petroleum and power entities alone, apart from its budgetary allocation of Tk 92.86 billion as subsidy for fiscal year (FY) 2011-12, officials...
FE Report The Dhaka Stock Exchange (DSE) has approved the appointment of Shuvro Kanti Choudhury as Chief Financial Officer (CFO) of DSE. The decision was taken Monday at the 691st board meeting of the DSE. The DSE president Shakil Rizvi...
PARIS, Nov 28 (bdnews24.comReuters) - The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its...
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