JOHANNESBURG, June 10 (AFP): The curtain rises on Friday on the first World Cup staged by Africa with Group A rivals South Africa, Mexico, France and Uruguay in action on the opening day of the month-long tournament. Bafana Bafana (The...
The High Court (HC) has stayed for three months the government order stopping publication of the Bangla-language daily newspaper Amar Desh. The court also asked the government to explain within four weeks why the cancellation order, issued by Dhaka's Deputy...
President M Zillur Rahman Thursday authenticated proposed national budget for 2010-11 fiscal and the revised budget of 2009-10 before placing it before the Jatiya Sangsad. The President authenticated the budget at his office in the Jatiya Sangsad Bhaban. Finance Secretary...
In the face of protest by the lawyers and their clerks, a day after enforcing a mandatory fee on the justice-seekers to raise fund for the apex court Staff Welfare Trust, the Chief Justice (CJ) gave in to the reaction....
FE Report The Finance Minister AMA Muhith Thursday in his budget statement said the government has proposed Tk 30 billion for the Public-Private Partnership (PPP) for the fiscal 2010-11. The finance minister, however, admitted that the government could not achieve...
FHM Humayan KabirThe country's gross domestic product at current prices has touched 100 billion dollars after the economy clocked nearly six per cent growth in the outgoing fiscal, said the government's annual economic survey.According to the Bangladesh Economic Survey, the...
FE ReportThe finance minister in his budget speech Thursday proposed to bring massive changes in areas of VAT (value added tax) and introduce online registration and return submission."Establishing Digital Bangladesh is a key priority of the present government. In order...
FE ReportFinance Minister AMA Muhith Thursday proposed provision for investment in bonds to be issued under Bangladesh Infrastructure Finance Fund (BIFF) with 10 per cent tax until June 2012.The minister made the proposal with an aim to develop country's physical...
FE ReportFinance Minister proposed to provide tax cards to a limited number of high taxpayers that would allow the holders special privileges at the time of admission into government hospitals and air travel or any other mode of transportation with...
FE ReportThe budget for 2010-11 fiscal year has recommended increase in supplementary duties on motor cars of 1001- 1500 cc but kept the duty structure of higher cc cars same as the present rate."Considering persistent traffic jams causing sufferings to...
FE ReportThe government has widened its social security programme in the budget for fiscal year 2010-11, aiming to help accelerate economic growth by reducing poverty. Keeping this end in view, Finance Minister AMA Muhith proposed to allocate Tk 194.97 billion...
FE ReportFinance Minister Abul Maal Abdul Muhith Thursday placed the Finance Bill 2010 before the parliament.The bill was placed to bring changes in The Excise & Salt Act, 1944, The Customs Act, 1969, Income-Tax Ordinance, 1984 and Value Addition Tax...
FE ReportThe government subsidy in the agriculture sector for the FY 2010-11 become Tk 40 billion (4000 crore) while it was Tk 49.50 billion in last fiscal year.The fund is made available for granting subsidy on fertilisers and other agricultural...
FE ReportThe proposed budget for the FY 2010-11 has allocated almost Tk 90 million for developing the existing airports and starting the construction of a new international airport at the outskirts of the capital.Last year, the government proposed Tk 60...
FE ReportThe government will continue the pre-shipment inspection (PSI) system until December this year amid efforts to narrow down the scope of the system for a few categories of products that carry little revenue risk, the finance minister said Thursday.The...
Mr A.F.M. Mozammel Huq, Executive Director of ETBL Holdings Ltd. and ETBL Securities & Exchange Limited, passed away Tuesday at 12:40pm. He was 61. The namaz e janaza of Mr. Huq was held the same day after Asr prayers at...
FE Report The Bangladesh Bank (BB) Wednesday recommended ensuring adequate power and gas supplies immediately for achieving a sustainable economic growth, stressing at the same time a curb on inflation. "For the output potential of exports and domestic consumption to...
FE Report Dhaka stocks posted a moderate gain at close Wednesday, hitting third biggest high on aggressive buying of energy stocks on anticipation that the government might give special focus on power sector in the budget to be unveiled today...
Sheikh Shahariar ZamanBerth operators earned huge sum of extra money running into billions of Taka in the last three years through realising exorbitant fees for handling cargoes at the port."The operators realised Tk 730 for handling a container whereas we...
BRAHMANBARIA, June 9: Mechanical faults have caused production to be stopped at the Ashuganj Fertiliser Factory in Brahmanbaria from Wednesday morning. Osman Gani, managing director of the factory, said that at about 6am, a leakage in the ammonia plant compressor...
Opposition leader and BNP chairperson Khaleda Zia Wednesday urged the government to return to the path of democracy, people and welfare, otherwise, she cautioned that the consequences will not be good, report agencies."There is still time…If you want to complete...
FE ReportThe government might keep a provision of investment of undisclosed money in the 'infrastructure investment bond' with payment of 10 per cent tax up to June 30, 2012. The investment will be allowed in some major infrastructure development sectors...
Prime Minister Sheikh Hasina told the House Wednesday that a technical and economic survey had already been completed to set up deep seaport at Sonadia in Cox's Bazar, reports BSS."As setting up of the seaport at Sonadia is feasible according...
Parliament Wednesday passed the Stamp (Amendment) Bill 2010 re-fixing uniform stamp duty at three per cent for land registration in both urban and rural areas, reports UNB.On September 1 last year, the stamp duty for rural areas was lowered from...
FE ReportThe High Court on Wednesday issued a Rule Nisi on the Government in two petitions, to show cause why certain provisions of the BCS Rules and the JSC Rules should not be declared unconstitutional.It claimed that these provisions and...
Jubair Hasan Prices of different brands of cigarettes have gone up by nearly 20 per cent in retail market on rumours that taxes on tobacco products will be increased in the national budget. Cigarette sellers said Wednesday, a day before...
Doulot Akter MalaThe government is likely to bring major changes in the areas of Value Added Tax (VAT) by raising the rate of the levy for professionals, amusement parks, dockyards and shops.Taxes on consultants, engineers, auditors, accountants will go up...
The pirate-like operation of the Israeli armed forces in international waters off the coast of Gaza on May 31 continues to draw universal condemnation and outrage. Israel did succeed in preventing the six-vessel Freedom Flotilla, carrying more than six hundred...
Alamgir MorshedChina is under renewed pressure from the world leaders and policy makers, especially the U.S. to review its exchange rate policy for its domestic currency, known as Chinese Yuan or the Renminbi. It is argued that Chinese exporters get...
Maswood Alam Khan Known of late as tigers in the cricket world, also known as indolent and shirkers in the extreme, we, Bangladeshis, frankly speaking, sometimes behave exactly like chameleons. Surprisingly, some of our people, after the tragedies of Begunbari...
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