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Centenary and the founding of Dhaka University

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

Today, July 1, 2021 is the birth centenary of Dhaka University - once known as 'Oxford of the East'. But its birth did not happen all of a sudden. It is quite apparent from its founding and evolution that it...

Banks, FIs sandwiched between conflicting regulatory issues

MOHAMMAD MUFAZZAL | 2021-06-30 00:00:00

The central bank has requested the securities regulator to amend or fine-tune its directives issued under the corporate governance code (CGC) for the listed banks and financial institutions (FIs).Formed and operated under different laws, the banks and FIs have no...

Govt set for higher bank borrowing in July

SIDDIQUE ISLAM | 2021-06-30 00:00:00

The government is set to start fiscal year (FY) 2021-22 with a higher bank borrowing target for July to adjust expenditure in June and partly finance budget deficit.It may take up to Tk 206.50 billion in gross borrowing from the...

Scope stays, but on harder terms

Doulot Akter Mala | 2021-06-30 00:00:00

Parliament on Tuesday passed the Finance Bill-2021, amending a few of its original provisions.The lawmakers vetted continuation of the controversial opportunity to legalise undeclared income during the next fiscal year (FY 2021-22), however, on terms harder than that of the...

Backlog in budgetary need for road maintenance rises to 315pc

MUNIMA SULTANA | 2021-06-30 00:00:00

The backlog in funding need for maintenance work on the country's road network has increased to 315 per cent this fiscal year in the absence of required budgetary allocation in the last fiscal year, according to a report of the...

Prioritising social protection for SDG implementation

Tanjim-Ul-Islam | 2021-06-30 00:00:00

After coming out of the shadow of famine, Bangladesh took moral responsibility to provide people with social safety net coverage. Protecting citizens from economic vulnerabilities has become even more important task during the ongoing pandemic that has shattered most people.Not...

Merger of BASIC Bank, BDBL unlikely to deliver results

SIDDIQUE ISLAM | 2021-06-29 00:00:00

An 'imposed' merger of the scam-hit BASIC Bank with the Bangladesh Development Bank Limited (BDBL) is unlikely to yield any tangible result, experts have said.They expressed scepticism about fruitful outcome of such a move and demanded stern actions against the...

EPB suggests raising cash incentive on shrimp export

REZAUL KARIM | 2021-06-29 00:00:00

A government agency has suggested increasing the cash incentives on exports of frozen shrimps and other fish to help boost fish production and export earnings.The Export Promotion bureau (EPB) sent the recommendation to the Ministry of Commerce (MoC) last week...

The Covid-19 pandemic: A 'Destructive Creation'?

Md Kamrul Bari, Enamul Hafiz Latifee and Mohammad Musleh Uddin | 2021-06-29 00:00:00

The Covid-19 pandemic has hard hit the global economy, and Bangladesh is not an exception to that. Many businesses across the country are struggling to cope with the new normal situation with financial strain and trying to revamp their businesses...

Ensuring public support for lockdown

Syed Fattahul Alim | 2021-06-29 00:00:00

The alarming rise in the infection rate of Corona virus across the country has forced the government to go for countrywide lockdown. However, the lockdowns on a limited scale have already been in force first in the districts bordering India...

Matt Hancock and the beauty of democracy

Syed Badrul Ahsan | 2021-06-29 00:00:00

Matt Hancock's resignation from the office of Britain's Health Secretary is once again a sign of the vitality of democracy. He was caught violating the very social distancing rules in a coronavirus situation he had been urging people to follow....

Yet another chance in the offing

DOULOT AKTER MALA | 2021-06-28 00:00:00

The government would offer the undisclosed money holders yet another opportunity to legalise their income in the next fiscal year (FY2021-22), but with harder terms than that of the existing ones. The holders of such money may have to pay...

Allocation for social safety net may go up

SYFUL ISLAM | 2021-06-28 00:00:00

Responding to calls from economists and experts, the government may increase further the allocation for the social safety net programme (SSNP) in the budget for the fiscal year 2021-22 which is slated for adoption by parliament on Wednesday, officials said.While...

Homework before lockdown is missing

Neil Ray | 2021-06-28 00:00:00

Lockdown or shutdown has come in various shapes and sizes. The earliest form was not even called lockdown. Euphemistically it was named general holiday but to what purpose remains a mystery. Yet for the longest stretch of time, people's movement...

Police report on rice market!

Shamsul Huq Zahid | 2021-06-28 00:00:00

What is the basic responsibility of the Bangladesh Police? The answer is simple. The agency with its network reaching up to the grassroots level ensures the safety and security of the citizens.Criticisms notwithstanding, its major focus has been on law...

Bangladeshi float glass may face ADD in Indian market

REZAUL KARIM | 2021-06-27 00:00:00

India may soon add yet another item--- clear float glass (CFG) --- to the list of Bangladeshi exports facing anti-dumping duty (ADD). CFG, exported by Bangladesh, may face ADD for five years, officials said.Indian local producers have requested the director...

A call for data-driven action to support working women

Natália Mazoni Silva Martins | 2021-06-27 00:00:00

The last time governments around the world gathered to put women's rights front and centre was in 1995, during the Fourth World Conference on Women, convened by the United Nations in Beijing, China. On this occasion, governments from 189 countries...

Getting products GI-tagged

Asjadul Kibria | 2021-06-27 00:00:00

Two weeks back, the government formally handed over Geographical Indication (GI) certificates to six offices for six Bangladeshi products. Thus the total number of GI-tagged products increased to nine in the country. The six new GI-tagged products are: Maslin of...

New rule makes mandatory environ, fire safety clearance

DOULOT AKTER MALA | 2021-06-26 00:00:00

The government has issued a new rule for investors of the clothing and textile industries, keeping a provision of getting environment and fire safety clearance first prior to obtaining factory registration.However, textile mill owners opposed the move earlier citing the...

Import food grains, take actions against hoarders

REZAUL KARIM | 2021-06-26 00:00:00

Bangladesh Police, responsible for ensuring safety and security of the citizens, have moved into food security issues and recommended a number of measures, including taking stern actions against unscrupulous traders and hoarders. The agency sent copies of a report recently...

Horror lurks in Ctg hill slopes

Nazimuddin Shyamol | 2021-06-26 00:00:00

CHATTOGRAM, June 25: Hill cutting as well as unauthorised use of public land exacerbate the possibility of landslide which has ever been a looming danger on the hill slopes in Chattogram during monsoon.A section of people cut hills and trees...

Stocks led by banks, textiles rebound

BABUL BARMAN | 2021-06-26 00:00:00

Stocks bounced back in the outgoing week, after a single-week break, as bargain hunters showed their appetite on major sector issues despite virus worries.Week-on-week, DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 40.08 points or...

Covid-19 tiggers impact on poverty

Md. Ziauddin Iqbal | 2021-06-26 00:00:00

The poverty impact of Covid-19 brought unprecedented demand and supply-side shocks on the socio-economic lives of Bangladesh's people. The Covid pandemic has significantly eroded the country's past rapid success, and it is happening worldwide, regardless of developed or developing countries...

Bangladesh and the issue of QUAD

Abul Quasem Haider | 2021-06-26 00:00:00

Advising Bangladesh not to join the QUAD, Chinese Ambassador to Dhaka Li Ji-ming said in a virtual discussion with DCAB on May 10, 2021, "Bangladesh's decision to join the anti-China alliance will harm bilateral relations." The United States-led alliance Quadrilateral...

The month of mellow sweetness

Nilratan Halder | 2021-06-26 00:00:00

If the high summer months are terrible for extreme rise in temperature, the bounties they offer in return are incomparable. No wonder, the month of Jaisthya, the second of the two summer months, is lovingly called 'madhumas'---a month of honey...

Rise of new billionaires

Syed Fattahul Alim | 2021-06-26 00:00:00

In popular perception, the Covid-19 pandemic has wreaked unprecedented havoc across the globe. Right? Perhaps, it is true for the less privileged people globally as they and those close to them have suffered, died and lost their incomes. But it...

Downsides of selling the citizenship

Francisca Fernando, Jonathan Pampolina and Robin Sykes | 2021-06-26 00:00:00

As countries closed their borders to slow the spread of Covid-19, a second passport became an ever-more-desirable commodity, for those who could afford it. While not a new phenomenon-several countries have adopted "golden passport" programs over the years-the onset of...

President Biden's maiden overseas visits

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-06-26 00:00:00

President Joe Biden made his maiden overseas trip to Europe from June 10 to June 17. His first stopover was in England where he met the British Prime Minister Boris Jonson. Biden joined the G-7 summit attended by the Heads...

What prospect awaits SSC and HSC candidates

Nilratan Halder | 2021-06-25 12:00:00

The schedules for opening educational institutions have by now been postponed for uncountable times. In-person classes for students were supposed to begin with reopening of schools and colleges on May 23 but the opening date has been deferred one after...

Building firewall against the virus

Shamsul Huq Zahid | 2021-06-25 00:00:00

Dhaka city is now, officially, cut off from the rest of the country. It is only connected by air. The government first imposed lockdown in seven neighbouring districts and stopped plying of inter-district buses. The next day, it barred passenger...