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Tough action against CNG drivers charging excess fare

2010-12-07 00:00:00

Tough legal action will be taken against the CNG-run auto-rickshaw drivers if anyone charges excess fare than the fixed rate and refuses to go to a destination as per passenger demand, Parliament was told Monday, report agencies.In a written answer...

Operations of mutual fund industry remain opaque

2010-12-07 00:00:00

Mohammad MufazzalFund managers should intensify efforts to win back investors' confidence as prices of mutual fund (MF) units plunged, hit by restrictions on margin loan and private placement, officials and experts say.They say that disclosure policy, campaign and change in...

Tigers take 2-1 lead

2010-12-07 00:00:00

Spinner Abdur Razzak and pacer Shafiul Islam's fierce bowling spells and a captain's knock by skipper Shakib Al Hasan guided Bangladesh to a 2-1 lead in the Micromax five-match ODI series, beating visiting Zimbabwe by 65 runs in the 3rd...

Profit-taking, price correction drag down Dhaka stocks

2010-12-07 00:00:00

FE ReportAll the indices of the Dhaka Stock Exchange (DSE) witnessed massive fall Monday due to price correction, as investors booked profit from the bullish market. The market opened with a positive note, and the benchmark index of the DSE...

ICB to launch two Tk 10b mutual funds

2010-12-07 00:00:00

Asaduzzaman Pallab State-owned Investment Corporation of Bangladesh (ICB) is set to launch two mutual funds of Tk10 billion, which would be the biggest ever mutual fund in the history of country's capital market.The mutual funds-- ICB Multi-Sectoral Mutual Fund Scheme-1...

NBR won’t give fresh tax waiver to Grameen Bank

2010-12-07 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) will take a firm stand for not offering fresh tax exemption facilities to Grameen Bank, a brain-child of Nobel Laureate Dr Yunus, officials said Monday.The board is reviewing pros and cons of...

No progress in floating tenders for projects with Indian credit

2010-12-07 00:00:00

Munima SultanaNo progress has yet been made with regard to inviting tenders in advance for 10 projects of the communications ministry to be implemented by Indian credit. Special permission was given by the prime minister to float tenders for the...

Dhaka tracks hijacked ship, Somali pirates suspected

2010-12-07 00:00:00

FE Report Shipping minister Shahjahan Khan Monday said the government is continuously monitoring the movement of the hijacked Bangladesh flag- bearing vessel. "We've identified locations of the ship plying the Arabian Sea. We're continuously monitoring its movement," Shahjahan Khan told...

Inter-bank call money rate hits 31pc

2010-12-07 00:00:00

FE Report The inter-bank call money rate hit 31 per cent Monday due mainly to squeezing of liquidity support by the central bank, officials said.The call rate ranged between 15 per cent and 31 per cent on the day against...

Ashura on Dec 17

2010-12-07 00:00:00

The holy Ashura will be observed across the country on December 17 (Friday), as the moon of Muharram month was not sighted Monday. The decision was taken at a meeting of the National Moon Sighting Committee at Islamic Foundation conference...

Admission to class I in 13 govt schools through lottery

2010-12-07 00:00:00

Education Minister Nurul Islam Nahid Monday said admission to class I in the primary sections attached to the 13 government secondary high schools in the capital will be decided through lottery. This is for the first time that admission will...

Weather

2010-12-07 00:00:00

Weather is light rain is likely to occur at one or two places over Dhaka, Rajshahi, Barisal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Tuesday).Light fog may occur over the river basins of the...

Weather

2010-12-06 00:00:00

Weather is likely to remain dry with temporary partly cloudy sky over many places of Dhaka, Rajshahi, Barisal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Sunday).Light fog may occur over the river basins of...

BCL leader hurt in Rangpur road mishap

2010-12-06 00:00:00

Vice-president of the central committee of Bangladesh Chhatra League (BCL) Jashem Bin Hossain Jummon was injured in a road accident in Rangpur city Saturday night, reports BSS.The accident took place when the motorcycle on which Jummon and his wife were...

President lauds role of Army in disaster management

2010-12-06 00:00:00

President M Zillur Rahman Sunday said being able to contribute the highest number of troops to UN peacekeeping missions is an international recognition and befitting evaluation of the performance of Bangladesh Army, reports BSS."It's a matter of pride for the...

Precautionary measures for fire safety in RMG stressed

2010-12-06 00:00:00

FE ReportSpeakers at a conference Saturday said both owners and workers of garment factories are responsible for frequent fire incidents in RMG sector. Owners are not taking necessary fire safety measures while workers are unaware in this connection, they said.They,...

Call to ensure job security of female journalists

2010-12-06 00:00:00

FE ReportMedia experts Sunday called upon all concerned to ensure job security of female journalists to encourage more women to become media professionals.They also demanded 50 per cent participation of women in every section of media.At a seminar titled 'Gender...

Basic foundation course for auditors of Defence Finance begins

2010-12-06 00:00:00

FE ReportInaugural ceremony of basic foundation course for the newly-recruited auditors of Defence Finance Department was held at the office of Senior Finance Controller (Army), Dhaka Cantonment Sunday, said an ISPR release.About 66 participants from different offices of the department...

HC asks police to stop construction close to Lalbagh Fort

2010-12-06 00:00:00

The High Court (HC) has asked the Officer-in-Charge (OC) of Lalbagh police station to stop all construction work adjacent to the Lalbagh Fort to conserve the historical site, report agencies.A bench, comprising justices AHM Shamsuddin Chowdhury and Sheikh Md Zakir...

FM condoles death of Abul Fateh

2010-12-06 00:00:00

Foreign Minister (FM) Dipu Moni expressed her deep shock at the death of Abul Fateh, country's first foreign secretary and senior most diplomat in the Mujibnagar administration, reports UNB.Abul Fateh died in London early Saturday at the age of 86.In...

IER celebrates Golden Jubilee

2010-12-06 00:00:00

DU CorrespondentThe Institute of Education and Research (IER) of Dhaka University (DU) celebrated its Golden Jubilee amid festivity and elaborate progrmmes on the campus Sunday.Hundreds of students and teachers of the institute brought out a colourful procession on the campus...

Fund transfer allegation against Prof Yunus needs inquiry: PM

2010-12-06 00:00:00

Prime Minister Sheikh Hasina said Sunday allegations of foreign fund transfer against Nobel laureate Professor Muhammad Yunus's Grameen Bank needed an "extensive" investigation. "There should certainly be a thorough investigation to find out what actually happened," she told a press...

Retail prices of loose soybean oil revised downward

2010-12-06 00:00:00

FE ReportThe government Sunday at a marathon meeting with refiners revised the retail prices of loose soybean oil downward by Tk 5.0 per litre. According to the decision, the retail selling price of loose soybean oil has been re-fixed at...

Bangladesh becomes tea importer

2010-12-06 00:00:00

Mushir AhmedBangladesh has emerged as an importer of tea as soaring consumption at home and sluggish production have all but ended 150 years of outbound journey for the widely-consumed beverage.Leading exporter HRC said the company has imported tea from Sri...

Pirates hijack BD vessel in Arabian Sea

2010-12-06 00:00:00

FE ReportPirates have Sunday captured a Bangladesh-flagged vessel in the Arabian Sea off the coast of India, shipping department chief Rear Admiral Bazlur Rahman said. The MV Jahan Moni, manned by 25 Bangladeshi crew, came under attack by heavily armed...

Finance ministry prepares 8-point strategy on transit

2010-12-06 00:00:00

Nazmul AhsanFinance Minister AMA Muhith has outlined an eight-point strategy for Bangladesh in relation to striking transit deals with India, Nepal and Bhutan, a top official in the Prime Minister's Office (PMO) said. An official communication containing the strategy has...

DSE indices, turnover set records

2010-12-06 00:00:00

FE ReportAll indices of Dhaka stock exchange scaled new heights and turnover set a new mark Sunday as banks surged in anticipation of a bumper year-end profit, luring more investors to the overheated market.Dealers said over-enthusiastic retail investors have shoveled...

BB to go tough against loan diversion by banks

2010-12-06 00:00:00

FE ReportThe central bank is going to take a hard-line against the commercial banks that would fail to maintain instructions on loan utilisation properly, officials said. "We'll take actions against the chief executive officer (CEO) personally along with the banks...

Govt yet to award gas block to Tullow in disputed area

2010-12-06 00:00:00

FE ReportThe government is still indecisive over awarding a shallow water gas block to Irish Tullow Oil as it could not reach a consensus with the foreign firm over exploration in disputed offshore areas, officials said Sunday.Tullow won the shallow...

BD set to emulate Danish clean energy experience

2010-12-06 00:00:00

FE ReportTen world-recognised Danish companies sat with 45 Bangladeshi counterparts in the city on Sunday to find out business opportunities in clean energy and technology with focus on earning for the country credit from global carbon market.The 'match-making' meeting of...