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Typhoon deaths in Philippines hit 79

2010-07-22 00:00:00

MANILA, July 21(AFP): The death toll from Typhoon Conson in the Philippines rose to 79 Wednesday as more drowned bodies were recovered, authorities said.Seventy-four people also remained missing a week after the typhoon hit, the National Disaster Coordinating Council said...

Power plant 'terror' attack kills 2 in Russia

2010-07-22 00:00:00

MOSCOW, July 21 (CNN): Unidentified gunmen killed two people and injured another two Wednesday in what Russian officials called a terrorist attack intended to blow up a hydroelectric power station.The attackers targeted the Baksan Hydropower Plant in the North Caucasus...

Tk 200b lost a year in city's maze of traffic

2010-07-22 00:00:00

FE ReportSome Tk 200 billion is lost every year in traffic jams due to valuable time being lost in the maze of gridlocks in the Dhaka streets, a study said on Wednesday.It said traffic jam is held responsible for taking...

Drive against old vehicles: A futile exercise in the making?

2010-07-22 00:00:00

Shahiduzzaman KhanIn the backdrop of a drive against old vehicles on city streets, commuters' movement is being seriously jeopardised since last week. Thousands of commuters wait for hours, yet they fail to get their required transports on various routes of...

Dhaka to ink deal with WCO to rev up customs: Muhith

2010-07-22 00:00:00

FE ReportBangladesh will sign an agreement with the World Customs Organization (WCO) to strengthen customs clearance procedure by ensuring quick delivery of goods, finance minister AMA Muhith said Wednesday.Under the agreement, the WCO will provide all kinds of support for...

SEC puts cap on single-borrower exposure

2010-07-22 00:00:00

FE ReportThe securities regulator (the Securities and Exchange Commission) has imposed cap on the single-borrower exposure of the merchant banks and the brokerage houses to bring about discipline in the stock market, officials said Wednesday.The exposure limit has been set...

15-man body sans BNP formed to review constitution

2010-07-22 00:00:00

The parliament has formed a 15-member committee to review the constitution with no representation from the main opposition BNP, report agencies. The special committee will be helmed by deputy leader of the parliament Syeda Sajeda Chowdhury. Senior Awami League leader...

Tk 126.17b central bank farm credit policy unveiled

2010-07-22 00:00:00

FE Report The central bank Wednesday announced an agriculture credit policy and programme with a disbursement target of Tk 126.17 billion for this fiscal, projecting 9.6 per cent growth over that of the previous fiscal. "We've expanded our programme bringing...

Dhaka stocks rally for 5th session in a row

2010-07-22 00:00:00

FE ReportDhaka stocks extended their rally for the fifth session in a row Wednesday on aggressive buying of energy, engineering and ceramic scrips as the market saw a brief scaling of the main index passing 6,500-mark.Benchmark Dhaka Sock Exchange General...

New income tax law to be drafted this yr

2010-07-22 00:00:00

FE ReportThe government is set to prepare the draft of a new income tax law in the current fiscal to make it simple for the taxpayers.After its enactment in parliament the new law will replace the existing one.The National Board...

Two city clinics vandalised over death of woman

2010-07-22 00:00:00

Two clinics in the city were vandalised Wednesday on charge of wrong treatment leading to the death of a young housewife. Ferdousi Akter Lovely, 28, wife of Golam Gafur Farid, assistant manager of East Asia Finance and Commerce Society, died...

JS body for Tk 3 per kg incentive to millers

2010-07-22 00:00:00

The Parliamentary Standing Committee on Food and Disaster Management Ministry on Wednesday decided to provide an incentive of Tk 3.0 on per kilogram (kg) of rice among rice millers to achieve the target of rice procurement from the local markets...

Currencies worth Tk 12m seized at SIA

2010-07-22 00:00:00

Customs officials at Shahjalal International Airport (SIA) Wednesday arrested a Kuwait-bound passenger after recovering currencies of different countries worth over Tk 12 million from his luggage. Babul, who hails from Gazaria upazila of Munshiganj district, is being interrogated in this...

Govt trying to raise industrial sector's share up to 40 per cent in economy: PM

2010-07-22 00:00:00

Prime Minister Sheikh Hasina Wednesday told the House that the government was working on upgrading Bangladesh to a middle income country through raising contribution of its industrial sector to the national economy up to 40 per cent from the existing...

Govt moves to improve power supply situation in Ramadan

2010-07-22 00:00:00

FE ReportThe government has set a target to supply 4,500 megawatts (mw) of electricity, up by around 600 mw from current average output, during peak hours of the coming Ramadan to ease public sufferings.The power ministry in a meeting Wednesday...

All-party panel beyond constitution: BNP

2010-07-22 00:00:00

The opposition BNP has claimed that formation of the all-party committee to review the country's constitution is beyond the constitution itself and the rules of procedure of the parliament, as well, report agencies. "There is no rule on the formation...

RMG owners propose Tk 2,540 minimum wage

2010-07-22 00:00:00

FE Report The garment manufacturers Wednesday proposed minimum wages of Tk 2,540 a month narrowing the gap between owners' and workers' proposals.Earlier, garment owners proposed wages of Tk 2,000 and workers Tk 6,200 a month. The meeting, however, has been...

Pakistan sues India against building dam in Kashmir

2010-07-22 00:00:00

From Fazle RashidNEW YORK, July 21: Water is a great source of irritation between India and Bangladesh. Similar problem existed between India and Pakistan but the World Bank intervened to settle the issue. That was in early 50s. The situation...

Banks directed to expedite credit for productive sectors

2010-07-22 00:00:00

FE Report The central bank has asked the commercial banks to expedite credit flow to productive sectors including agriculture and small and medium enterprises in line with the newly announced monetary policy. The advice came at a bankers' meeting held...

HIGHLIGHTS

2010-07-22 00:00:00

Bidaai On STAR PLUS Thursday at 9-30 pm. Bidaai is a story of two sisters, Sadhna (beautiful) and Ragini (unattractive). Sadhna is the adopted child in the family.Life is pleasant for Sadhna as she is beautiful but society is a...

Prospects of economic zones

2010-07-22 00:00:00

THE export processing zones (EPZs) have proved to be useful drawing mainly foreign investors and contributing to the country's export earnings. But there is now a move to set up special economic zones (SEZs). The idea has had some strong...

Stunts are no substitutes for real accomplishments

2010-07-22 00:00:00

Enayet Rasul BhuiyanTHE traffic authorities declared in advance that they would start seizing buses, minibuses, pick-ups and the likes which would be found to be over 20-25 years old and also the ones without fitness certificates in Dhaka city from...

Upholding fundamental, democratic rights

2010-07-22 00:00:00

Imran SohailThe programme for a day's hartal last month by the opposition Bangladesh Nationalist Party (BNP) drew flak from various quarters as unwarranted. The ruling grand alliance described it as designed to hurt the economy and the basic rights of...

The plight of the Aila-affected people

2010-07-22 00:00:00

The AUTUMN Foundation will run a month-long awareness campaign on the rehabilitation of the cyclone Aila-affected people. It began on July 21 and will continue till August 21.An estimated 100,000 helpless people are still suffering in various locations of Khulna...

Thought-provoking!

2010-07-22 00:00:00

Nerun Yakub's bold article on "Testing fields for old and new weaponry" (June 19) deserve applause. Science is indeed not far from controlling the human mind. Using the various bands of the electromagnetic spectrum to treat diseases is already there....

Retrofitting risky buildings

2010-07-22 00:00:00

A BSS news report published in your daily on 19th July says that the Hon. Food & Disaster Management Minister believes that risky buildings could be made risk-free through retrofitting. It is not such a simple matter! I wonder if...

Country's total food stock now 6,09,714 tonnes: PM

2010-07-22 00:00:00

Prime Minister Sheikh Hasina told the House Wednesday that the country's total stock of rice and wheat until July 19 was 0.609 million tonnes, reports BSS. Of the total quantity rice is 0.498m tonnes and wheat 0.111m tonnes, she said...

RU syndicate approves probe report that found mass corruption in 2001-2008

2010-07-22 00:00:00

RU CorrespondentRAJSHAHI UNIVERSITY, July 21: The Rajshahi University (RU) syndicate Monday approved an investigation report that found mass corruption and irregularities in different fields of the university including recruitment, implementation of educational programmes and projects of planning and development and...

Teachers to receive retirement benefit cheques at home

2010-07-22 00:00:00

Education Minister Nurul Islam Nahid Wednesday said the government would send the retirement benefit cheques of teachers to the addresses of their respective residences, reports BSS. "It is a qualitative change, as the teachers will not have to run after...

Air Chief returns home

2010-07-22 00:00:00

Chief of Air Staff Air Marshal SM Ziaur Rahman returned home Wednesday after an official visit to the United Kingdom (UK), said a press release.He went to the UK to take part in the Air Chiefs' Conference held between July...