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10pc tax deduction not applicable to interest income before July 01

2007-07-21 00:00:00

Doulot Akter MalaThe government's recent decision on deduction of 10 per cent tax at source from savings instruments, interest earning has created confusion among small investors.The National Board of Revenue (NBR) has been receiving a large number of queries from...

National heroes should be kept 'in right places: Army chief

2007-07-21 00:00:00

NOAKHALI, July 20 (UNB/bdnews24.com): Army Chief General Moeen U Ahmed Friday called for a national unity to build Bangladesh as a completely independent and prosperous nation as the opportunity is now on hand."Now our responsibility is to build a sovereign...

BJMA wants level playing field for private, public jute mills

2007-07-21 00:00:00

FE Report The Bangladesh Jute Mills Association (BJMA) in its meeting Thursday urged the government to create a level playing field for both private and public jute mills as discriminatory policies will adversely affect the private jute goods manufacturers. The...

Hasina fears she may not get justice: lawyer

2007-07-21 00:00:00

Detained Awami League chief Sheikh Hasina believes the country is heading towards a crisis situation, said former law minister Abdul Matin Khasru after meeting her Friday, reports bdnews24.com. "Hasina feared she might not get justice; she said a camera trial...

RMG buyers' dominance leaves exporters at bay

2007-07-21 00:00:00

Jasim Uddin HaroonBangladesh's export market is increasingly becoming buyer-dominant while the country is subjected to sellers' market terms and conditions. This was revealed in a research study conducted by the Bangladesh Institute of Bank Management (BIBM).As result, local exporters are...

SC orders reinstatement of Pak chief justice

2007-07-21 00:00:00

ISLAMABAD, July 20 (Agencies) : Pakistan's Supreme Court rejected President Pervez Musharraf's suspension of the court's chief justice (CJ), a case that prompted the biggest constitutional crisis of the military leader's eight-year rule. A 13-member panel assembled from the 18...

None with graft links to be spared, vows Lt Gen Masud Uddin

2007-07-21 00:00:00

CHITTAGONG, July 20 (bdnews24.com): Lieutenant General Masud Uddin Chowdhury Friday said no-one with corruption ties would be able to escape punishment, with or without their support for reforms. The coordinator of the national coordination committee on serious crimes made the...

BRTA, NSI officials slain

2007-07-21 00:00:00

A vehicle inspector of Chittagong office of Bangladesh Road Transport Authority (BRTA) was killed allegedly by doping in the port city Thursday night. The BRTA inspector Preety Kumar Chakma (54) was found in an unconscious state in the city's Serson...

Six drown, 3 missing in Sirajganj boat capsize

2007-07-21 00:00:00

SIRAJGANJ, July 20: Six people, including four children of a family, drowned and three others went missing as a boat sank in the rain-fed Dabilar Beel in Ullapara Upazila Friday. Locals said the boat, heading towards Chandalgati from Bahuliaghat, sank...

3,000 cops brought to book during emergency: IGP

2007-07-21 00:00:00

CHITTAGONG, July 20: Inspector General of Police (IGP) Noor Mohammad Friday said punitive actions have been taken against 2/3 thousand police officials on charge of corruption and irregularities since the state of emergency was declared on January 11. Addressing a...

Mystery shrouds construction costs of a bridge

2007-07-21 00:00:00

FE ReportA government evaluation panel failed to find out the actual cost of the Kapashia Bridge project on the Shitalakha, the construction of which was completed in 2005. The implementation, monitoring and evaluation division (IMED) of the planning ministry found...

Meeting with donors tomorrow to confirm funds for Padma Bridge

2007-07-21 00:00:00

FHM Humayan KabirThe government will sit with representatives of some donors tomorrow (Sunday) to obtain confirmation of their funding assurances for building the proposed Padma bridge to connect the south-west region with the capital city of Dhaka.The government has decided...

IMF to revise economic forecasts amid 'global boom'

2007-07-21 00:00:00

WASHINGTON, July 20 (AFP):The International Monetary Fund (IMF) is revising its economic growth forecasts amid a "global boom," the IMF chief economist said yesterday, suggesting a bump up in official estimates. "We were criticised for being optimistic at the time...

UN agency calls for shift in aid focus

2007-07-21 00:00:00

Scheherazade Daneshkhu FT Syndication ServiceLONDON: A UN agency has called on donors and the governments of the world's poorest countries to focus on technology, science and innovation as a way of driving economic growth.Calling it a new approach, the United...

China to set up trade centre as delegation due today

2007-07-21 00:00:00

China is going to finance the setting up of a trade centre in Bangladesh under an agreement to be signed during the visit of a Chinese official delegation coming in the city today (Saturday), reports UNB.The delegation, led by Assistant...

Mobile phone operators to face music for flouting law

2007-07-21 00:00:00

FE ReportThe mobile phone operators of the country will be fined $10 for selling each of the SIM cards without complying with the government instructions from July 22."We took the decision after a meeting with the representatives of the six...

Bull run continues

2007-07-21 00:00:00

FE ReportThe market barometers of Dhaka Stock Exchange (DSE) continued to create new records in the week ended Thursday amid a thriving growth of turnover.The daily average turnover crossed Tk 2.0 billion-mark for the first time in the week and...

developments in the region and abroad

2007-07-21 00:00:00

Taiwan files application to become UN memberTAIPEI, July 20 (AP): Taiwan has submitted a formal application to become a member of the United Nations (UN), an official said Friday, months before a planned referendum on the issue is presented to...

Nepal will export hydro power to India

2007-07-21 00:00:00

KATHMANDU, July 20 (PTI): A key parliamentary panel in Nepal has cleared the way for the construction of a mega power project located in the Himalayan nation's Doti district that will export power to India. The Parliament Natural Resource Committee...

DU teachers demand Mainul's exit over AL chief's arrest

2007-07-21 00:00:00

Dhaka University (DU) teachers Thursday demanded removal of Adviser for Law, Justice and Parliamentary Affairs Mainul Hosein from the caretaker government for making biased comments in the wake of the arrest of Awami League (AL) chief Sheikh Hasina, reports bdnews24.com....

Joy vows to fight on to free his mother

2007-07-21 00:00:00

With Awami League (AL) President Sheikh Hasina detained by the interim government, her son Sajeeb Wazed Joy vents his anger about the arrest of his mother in an exclusive interview with the bdnews24.com. "The way the government is dealing with...

Call to adopt strong cyber-policing system

2007-07-21 00:00:00

The country needs a strong cyber-policing system in its present strive to adopt newer technologies and prevent cyber-related crimes that sometimes pose threat to national interests, experts said, reports BSS.They told the news agency Friday that Bangladesh, which is moving...

Hindu Mahajote wants BNP help for 50 JS seats

2007-07-21 00:00:00

The Bangladesh Jatiya Hindu Mahajote (BJHM) Friday demanded that the Bangladesh Nationalist Party (BNP) champion the Hindu community's demand for 50 seats in parliament for its members, reports bdnews24.com. A 20-member BJHM delegation called on BNP Secretary General Abdul Mannan...

Hasina's arrest: BCL to enforce strike at all edn instts tomorrow

2007-07-21 00:00:00

DU CorrespondentBangladesh Chhatra League (BCL) will enforce a strike at all educational institutions of the country tomorrow (Sunday) protesting the arrest of Awami League chief Sheikh Hasina and demanding her immediate release.The student organisation has also made an announcement to...

Closure of jute mills worries farmers of southern region

2007-07-21 00:00:00

BARISAL, July 20 (UNB): Jute growers in the southern region have been suffering from frustration following government decision to close down the jute mills, although they have exceeded the target of cultivation.Department of Agricultural Extension (DAE) sources here said the...

Counterfeit medicine factory unearthed in Savar, 6 arrested

2007-07-21 00:00:00

SAVAR, July 20 (UNB): Joint forces unearthed a counterfeit medicine factory and seized medicine worth over Tk 10 million (one crore) at Genda Mohalla in Pourasava area Thursday.Along with huge low quality medicines they also seized labels, machines and accessories...

Ctg BTTB revenue office lacks adequate facilities

2007-07-21 00:00:00

Our CorrespondentCHITTAGONG, July 20: Bangladesh Telephone and Telegraph Board (BTTB) Chittagong contributed a record amount of revenue amounting to Tk 1.43 billion in the recently concluded 2006-2007 fiscal, This is Tk 110 million more than that of the previous one,...

Dutch-Bangla Bank receives CSR award

2007-07-21 00:00:00

Our CorrespondentCHITTAGONG, July 20: Southern University Bangladesh (SUB) conferred Corporate Social Responsibility (CSR) award on the Dutch-Bangla Bank (DBBL) for its immense contribution to different fields in the society.On behalf of the DBBL, Managing Director M Yesin Ali received the...

Lightning kills three farmers

2007-07-21 00:00:00

PATUAKHALI, July 20 (UNB): Three farmers were killed by lightning at Dakkhin Charpara village in Kolapara Upazila here Thursday.The dead were identified as Swapon (20), Shaheed (19) and Jakir Farazi (33).

Bumper jute production likely

2007-07-21 00:00:00

Our CorrespondentBRAHMANBARIA, July 20: Farmers of different upazilas in Brahmanbaria district are expecting a bumper yield of jute this year as the cultivation of 'golden fibre' has exceeded the target, sources said.Department of Agriculture Extension (DAE) sources said they had...