VATICAN CITY, Apr 21 (AP): Pope Benedict XVI promised Wednesday that the Catholic Church would take action to confront the clerical sex abuse scandal, making his first public comments on the crisis days after meeting with victims.During his weekly public...
'Ousted Kyrgyz leader still president'MINSK, Apr 21: Kyrgyzstan's ousted leader Kurmanbek Bakiyev said Wednesday he was still president and he asked world leaders not to recognise the interim rulers who took over after an April 7 uprising. "I will do...
FE ReportStock exchange leaders have proposed framing of guidelines to bring undisclosed money in the capital market, consider advance tax on dividend as final settlement, not to impose tax on capital gain and to avoid fiscal measures affecting small investors.They...
Shahiduzzaman KhanWith barely two months left for announcing the new budget for the forthcoming fiscal, the government is reportedly looking for ways to ensure expeditious disbursement of external assistance from the pipeline. With a budget deficit of Tk 395 billion...
FHM Humayan KabirThe government has set a Tk 193.95 billion foreign aid target for the upcoming national budget aimed at executing different development works, especially increased investment in the power and energy sectors, officials said Wednesday.Finance ministry officials said the...
FE Report The government has planned to generate 9,426 megawatts (mw) of electricity by 2015, State Minister for Power and Energy Muhammad Enamul Haque said Wednesday."This might seem an ambitious target to many under the present context. But we are...
Prime Minister Sheikh Hasina Wednesday blamed the Rajdhani Unnayan Kartripakkha (RAJUK) for its past negligence that led to the unplanned growth of Dhaka city, reports UNB."RAJUK gave permission for constructing buildings without any plan putting the Dhaka city into a...
FE ReportThe Bangladesh Bank (BB) has asked the commercial banks concerned to implement an official decision that sets certain conditions on recovery of outstanding credit from private jute millers to help them continue production, sources said.Under the conditions, the arrear...
FE ReportThe listed companies are allowed to issue the magnetic ink character recognition (MICR) cheques for refund warrants and dividend warrants on offset paper, instead of security paper.The delegates of Bangladesh Bank (BB), the Securities and Exchange Commission (SEC), both...
FE ReportDhaka stocks fell on price correction amid choppy trading Wednesday after a two-day bull run with the turnover crossing Tk 11.0 billion-mark for the first time in one month.Trading at Dhaka Stock Exchange (DSE) got off to a bright...
FE Report The country's banking sector witnessed a mixed trend in interest rates on deposits in the current month while the lending rates remained almost unchanged. At least four commercial banks have increased their deposit rates while eight slashed the...
Prime Minister Sheikh Hasina will lay the foundation of 150 MW Combined Cycle Power Plant project in Chandpur district on April 25 (Sunday). Power Development Board (PDB) on February 10 this year signed a deal with Chinese China Chengda Engineering...
Health condition of Jatiya Party chairman HM Ershad, receiving treatment at the United Hospital, remained stable Wednesday. Physicians said Ershad was kept at the Intensive Care Unit, as he had Hypo Volumic Shock due to a sudden loss of huge...
Papua New Guinea has shown interest in taking Bangladeshi workers for gas excavation and construction work, labour and employment secretary Zafar Ahmed Khan said Wednesday. The country is also interested in taking college and university teachers. Mr Khan was talking...
FE ReportRatings may be necessary but not sufficient to attract foreign investment in the country, said speakers at a discussion meeting.Developed infrastructure, simplified law and regulation, efficiencies of government agencies and many other factors coupled with good ratings can help...
UN Secretary General Ban Ki-Moon said many countries around the world have many things to learn from Bangladesh for achieving the Millennium Development Goals (MDGs) as the country has made remarkable progress in different fields, reports UNB.He made the remarks...
From Fazle RashidNEW YORK, April 21: The move to levy charges on the banks to cover the cost of any future government-led rescues is gaining increasing support. The move received a big boost with the International Monetary Fund ( IMF...
FE ReportFormer Bangladesh Bank Governor Dr Farash Uddin Ahmed Wednesday said organisations making a hefty profit by commercially exploiting the country's agriculture sector could be brought under the tax net.He made the comment at a meeting on 'Millennium Development Goals...
FE ReportThe government has launched a Tk 259.57 million agri-input support programme for the country's marginal 'aush' paddy farmers to help recoup the loss of current 'boro' crop by the recent flash floods.Agriculture Minister Motia Chowdhury Wednesday announced the support...
Your front-page story on car import on April 11 mentions about the 'backdoor methods' which the importers of new cars use to avoid duty charges. From the report, it seems that there is a back-door 'importer cartel', actively working together...
Sukh By ChanceOn SONY SET Thursday at 9-30 pm. Tina is upset but Mohan tells her that he has given the money to the man as he finds Rajesh and Dhiraj very immature. Mohan goes in and sees all getting...
Bollywood stunner Shilpa Shetty continues to make news. After a recent high profile wedding, the glamorous lady made her foray into the IPL arena.It has been fruitful, with her team Rajasthan Royals having a good run so far. Now she...
Among the brigade of all of Bollywood's 40-something actors, Salman Khan is being the honest one. He is no longer afraid to admit that he is too old to play a young boy. Ahmed Khan's assistant, Abhishek Dogra approached him...
What was earlier hinted at rather vaguely turned out later into a full-blown allegation. Some people here and there in the stock market had been murmuring about some people making their fortunes using the pre-initial public offering (IPO) placement of...
Syed Jaglul PashaEnergy issue has become a global concern. Like other countries, Bangladesh also may not find immediate and easy solution to the energy problem. Moreover, with the passage of time the demand for energy in Bangladesh will increase further....
Nowazesh Ali KhanFor a country which has the eighth biggest population in the world, Bangladesh would seem to be ideal for rapid growth of the use of information communication technologies (ICTs) specially the Internet. Even Bill Clinton, the distinguished former...
The funnel type road -- now reduced to 60 ft wide from the original plan of 120 ft wide -- witnessed a chaotic traffic congestion right on the opening day after inauguration. The reasons are manifold. But what dismayed me...
The South Asian Association for Regional Cooperation (SAARC) was established by the Governments of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. In 2007 Afghanistan joined the association as its eighth member. Its secretariat is in Kathmandu, Nepal.Its declared...
Shamsher ChowdhuryBANGLADESHIS simply must come out of this psyche of living in the past. By now we have sufficiently confused ourselves between legacy and the present-day realities. History and legacy have their own purpose in the life of any nation....
Ferdaus Ara Begum TAX policy should be business-friendly to help domestic industries grow faster and contribute to the development of the country. In Bangladesh, there have a series of policy reforms, which seem not enough to spur the growth of...
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