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Ex-GB officials urge govt to find out ways for Yunus' honourable exit

FE Report | 2011-03-16 00:00:00

FE ReportSome retired officials of Grameen Bank (GB) have requested the government to find out ways for an honourable exit for managing director of the specialised bank Prof. Muhammad Yunus, considering the contribution of the Nobel Laureate to the country's...

BCL-Shibir clash leaves 40 injured at Carmichael College

2011-03-16 00:00:00

RANGPUR, Mar 15 (UNB): At least 40 people, including 10 journalists, were injured in a clash between the activists of Bangladesh Chhatra League (BCL) and Islami Chhatra Shibir at Carmichael College Tuesday. The college authorities organised a programme welcoming the...

JCD leader gunned down

2011-03-16 00:00:00

NARSINGDI, Mar 15 (UNB): General secretary of Narsingdi Government College student union and president of Jatiyatabadi Chhatra Dal (JCD) unit of the college was gunned down by some miscreants on the college campus Tuesday morning. The JCD leader, Billal Hossain...

Khaleda offers to work together with ruling party

2011-03-16 00:00:00

BNP Chairperson Khaleda Zia in Parliament Tuesday offered to work together with the ruling party for the betterment of the nation, shunning the politics of blame game and political harassment, report agencies. "This country belongs to us all. We need...

Country's 5th population, housing census begins

2011-03-16 00:00:00

The 'Fifth Population Census and Household Counting-2011' began at one minute past midnight Monday night with counting of President M Zillur Rahman as number one citizen of the country at Bangabhaban, reports BSS. "I urged the countrymen to cooperate with...

Fortnight long book fair begins

2011-03-16 00:00:00

A fortnight long book fair began on the premises of Bangladesh Shishu Academy in the city Tuesday, reports BSS. Ministry of Woman and Children Affairs organised the fair on the occasion of the 91st birth anniversary of Father of the...

Consumer rights protection act yet to be fully implemented

FE Report | 2011-03-16 00:00:00

FE ReportCommerce Minister Faruk Khan Tuesday said consumer rights protection act has not yet been fully implemented in the country due to lack of manpower. He said, "I wrote to Public Service Commi-ssion (PSC) for providing adequate manpower for National...

Workshop on older people in Dhaka slums held

2011-03-16 00:00:00

HelpAge International-Bangladesh, a non-government organisation, arranged a workshop on a study titled 'Older People in Dhaka Slums: A Socio-Economic Assessment' at BRAC Centre Inn in the city Tuesday. Chaired by Social Protection Policy Manager of HelpAge International-Bangladesh Shashwatee Biplob, the...

Tech edn focusing on job mkt stressed

DU Correspondent | 2011-03-16 00:00:00

DU Correspondent Technical education focusing on the job market could lead the country to making a developed nation that would be able to face global challenges, said Education Minister Nurul Islam Nahid at a workshop Tuesday. "There is no alternative...

The other sides of the share buy-back option

2011-03-16 00:00:00

The decision of the government to amend the Company Act 1994 allowing the companies to buy-back their own shares seems to have been well received by the investor community of the country. The prices of the shares in Dhaka and...

Trying a new system to rein in prices

2011-03-16 00:00:00

The government is set to replace the 'delivery order' (DO) system - an arrangement that has been in practice, albeit informally, since long by traders in the transactions of essential commodities, mainly sugar and edible oils -- with a new...

Japan's nuclear disaster: A lesson for Bangladesh?

2011-03-16 00:00:00

Japan's nuclear disaster: A lesson for Bangladesh? As we approach the 25th anniversary of the Chernobyl nuclear disaster, Japan's earthquake serves as a reminder of the risks nuclear power can pose when things go seriously wrong. The Chernobyl accident required...

We stand by you, Japan

2011-03-16 00:00:00

Our sincere condolences go to the people and government of Japan, in particular to the bereaved families who lost their near and dear ones during this natural calamity of unprecedented magnitude. This is a very difficult time for Japan and...

Microfinance: Hero or villain?

2011-03-16 00:00:00

Microcredit or microfinance for that matter, has long been a bone of contention. Attacks on this 30-year old programme seem to have got further steam after what has been happening to Professor Muhammad Yunus' fate as Managing Director of Grameen...

Establishing a dynamic bureaucracy

2011-03-16 00:00:00

Bureaucracy did not get dynamism after two years in office of the present government. In line with its 'Vision 2021' the government did not implement its election pledges by making public administration dynamic, efficient, and free from corruption and politicisation....

Save Grameen as an institution

2011-03-16 00:00:00

Following the removal of its founder Muhammad Yunus from the Grameen Bank, growing concerns about the future of the bank are prompting some depositors to withdraw their savings. Indeed many analysts and industry experts cautioned that a sudden exit of...

The "exit" could have been in a different way

2011-03-16 00:00:00

The person, who brought a rare honour and enhanced the image of Bangladesh, and one of the most celebrated living Bangladeshis around the globe, has been the news in both print and electronic media for the last several months for...

We stand by you, Japan

2011-03-16 00:00:00

Our sincere condolences go to the people and government of Japan, in particular to the bereaved families who lost their near and dear ones during this natural calamity of unprecedented magnitude. This is a very difficult time for Japan and...

Microfinance: Hero or villain?

2011-03-16 00:00:00

Microcredit or microfinance for that matter, has long been a bone of contention. Attacks on this 30-year old programme seem to have got further steam after what has been happening to Professor Muhammad Yunus' fate as Managing Director of Grameen...

Establishing a dynamic bureaucracy

2011-03-16 00:00:00

Bureaucracy did not get dynamism after two years in office of the present government. In line with its 'Vision 2021' the government did not implement its election pledges by making public administration dynamic, efficient, and free from corruption and politicisation....

Chinese firm may get feasibility study job for Karnaphuli tunnel

Munima Sultana | 2011-03-16 00:00:00

Munima SultanaThe ambitious project of constructing a tunnel under the Karnaphuli river will be placed before the cabinet purchase committee today (Wednesday) to get its nod for carrying out a feasibility study. The Bangladesh Bridge Authority (BBA) has undertaken the...

Meghnaghat plant shutdown worsens power supply situation

2011-03-16 00:00:00

Power supply situation in the country turned worse Tuesday, following shutdown of the 450 megawatt (MW) Meghnaghat power plant for routine maintenance, reports UNB. Official sources said the operation of the Meghnaghat power plant was suspended on Tuesday afternoon for...

Commodity prices

Mamun Rashid | 2011-03-16 00:00:00

Mamun RashidCommodity prices have increased over the past few years. Although prices have declined somewhat from their recent peaks, several structural factors are expected to keep them relatively high and more volatile than in the past. We all know price...

G8 drops plans for Libya military intervention

2011-03-16 00:00:00

PARIS, Mar15 (Agencies): Group of Eight powers Tuesday dropped proposals for military intervention to end bombardments in Libya and turned to the United Nations to up the pressure on strongman Moamer Gaddafi, including by economic means. A drive by France...

Corruption 'threatens India's economic growth'

2011-03-16 00:00:00

NEW DELHI, Mar 15(BBC): Widespread corruption in India costs billions of dollars and threatens to derail the country's growth, a survey says. The report by consultancy firm KMPG said that the problem had become so endemic that foreign investors were...

Govt urged to find respectable solution to Yunus issue

Our Correspondent | 2011-03-16 00:00:00

Our CorrespondentCHITTAGONG, Mar 15: Educationists and professionals today urged the government to find out a respectable solution to Nobel Laureate Dr Yunus issue. Representatives of professionals under the banner of 'Nobel Winner Yunus Associates in Chittagong' organised a press conference...

BB continues forex support to banks

FE Report | 2011-03-16 00:00:00

FE Report The central bank continued to provide foreign currency support to the commercial banks through selling of the US dollar to facilitate settlement of import bills, officials said. "We have sold US$3.0 million more at market rate to a...

SEC finalises guideline on buy-back

Mohammad Mufazzal | 2011-03-16 00:00:00

Mohammad MufazzalThe securities regulator has finalised a guideline on buy-back by imposing two-year restriction on liquidity expansion in a move to help the government bring amendment in Companies Act 1994, officials said. The Securities and Exchange Commission (SEC) has designed...

New AMD of Prime Insurance

2011-03-16 00:00:00

Ms Mohammodi Khanam has recently assumed the office of Additional Managing Director of Prime Insurance Company Limited. Prior to this appointment, she held the position of Executive Director in Green Delta Insurance Limited. Ms Khanam completed her MSS in 1981...

Sell pressure pulls down Dhaka stocks

FE Report | 2011-03-16 00:00:00

FE ReportSell pressure pulled down Dhaka stocks Tuesday, shedding the benchmark DGEN 139.83 points or 2.17 per cent, amid volatility throughout the whole trading session. Market insiders said all the indices lost on the day due to the profit booking...