ROME, June 9 (PTI): Agriculture and Food Minister of India Sharad Pawar has said the restrictions imposed on export of major foodgrain are not permanent and the government can lift the ban once the supply situation improves."I am confident that...
While Nepal's dethroned king Gyanendra has just 72 hours to vacate the royal palace, former queen mother Ratna Shah will stay on. She has wrested permission from the government despite growing public anger against the privileges of the erstwhile royal...
M Haider Uzzaman | 2008-06-10 00:00:00
TOURISM is considered as a pride in many countries because this sector plays a vital role in the country's gross domestic product (GDP). All tourism-based economies try to motivate the related service based sectors to keep up their supporting services....
FE Report | 2008-06-10 00:00:00
Finance Adviser Mirza Azizul Islam Monday in his budget address proposed to form a Pay Commission to review and recommend a revised pay structure for the employees of the government and autonomous bodies at the beginning of the next fiscal...
FE Report | 2008-06-10 00:00:00
The government has kept aside Tk 5.48 billion in the new fiscal for Election Commission (EC) that is scheduled to hold the next general election during third week of December next.Of the amount, Tk 4.60 billion has been projected to...
FRANKFURT, June 9 (AFP): The German trade surplus shot up to 18.7 billion euros (29.5 billion dollars) in April, coming in well above analysts forecasts but against a backdrop of slowing economic activity, official data showed today.The surplus surpassed the...
FE Report | 2008-06-10 00:00:00
The government has given special thrust on the development of country's agriculture sector in the just announced budget by raising its expenditures - both development and non-development - by 6.54 per cent to Tk 64.99 billion from the current year's...
Five Afghan police, three Britishsoldiers killed in new attacksKABUL, June 9: Attacks on Afghan police left five policemen and three Taliban fighters dead, authorities said Monday, in the latest in a wave of militant strikes on the fledgling force. The...
FE Report | 2008-06-10 00:00:00
The government expects to receive Tk 178.03 billion worth of foreign assistance in fiscal 2008-09, which is 13.6 per cent of the total outlay of the proposed budget.The amount is Tk 31.45 billion higher than that in the original budget...
BEIJING, June 9 (AFP): A strong aftershock was felt at China's "quake lake" in southwest Sichuan Monday, state media reported. The aftershock struck the swollen Tangjiashan quake lake just after 11:00 am (0300 GMT) Monday, Xinhua news agency reported, quoting...
FE Report | 2008-06-10 00:00:00
The caretaker government Monday proposed a sum of Tk 136.48 billion or 2.2 per cent of the gross domestic product (GDP) as subsidies for agriculture, food and fuel oils in fiscal 2008-09 beginning July 1."The amount will be spent on...
Prof Wahiduddin Mahmud | 2008-06-10 00:00:00
The proposed budget for fiscal 2009 seeks short-term solutions to resolve the economic malaise arising from adverse developments on many fronts. It represents the expected response of an interim government to a situation of widespread food insecurity and an environment...
The prevailing power crisis is going from bad to worse about everyday. For the few ageing generation units are unable to meet the ever-growing power needs of the country. What is worse, the conventional ways of establishing new power generation...
WASHINGTON, June (AFP): Barack Obama and John McCain Monday started the first full week of their head-to-head battle for the November presidential election, both intent on redrafting the US political landscape. After Hillary Clinton's exit from the primary race and...
FE Report | 2008-06-10 00:00:00
Dhaka Chamber of Commerce and Industry (DCCI) has launched a web portal to help expand trade and business both at home and abroad.DCCI President Hossain Khaled formally inaugurated the web portal at a city hotel Sunday.DCCI and Tejari FZLLC, the...
The government is in favour of continuing with the Pre-shipment Inspection (PSI) companies, although it admitted that there are widespread allegations of various irregularities, reports UNB.Finance Adviser Mirza Azizul Islam in his budget speech proposed to continue with this arrangement...
FE Report | 2008-06-10 00:00:00
The Securities and Exchange Commission (SEC) Monday held a daylong meeting to review the current market situation but could not take any decision to cool down the overheated market.However, the market regulator will sit today (Tuesday) at 12:30 pm with...
FE Report | 2008-06-10 00:00:00
The caretaker government Monday proposed a Tk 545.00 billion tax revenue target from sources coming within the purview of the National Board of Revenue (NBR), incorporating a number of new fiscal measures to enhance tax-base in the fiscal 2008-09.The projected...
TOKYO, June 09 (AFP): Asian stocks tumbled Monday after a breathtaking surge in oil prices and shock jump in US unemployment sent Wall Street spinning and fanned fears of sharply slower economic growth.Japanese shares slid just over two percent after...
Md. Ashraf Hossain | 2008-06-10 00:00:00
Recently the Federation of the Bangladesh Chambers of Commerce of Industry (FBCCI) requested the government to extend tax holiday for promoting country's economic development. It appears from the fiscal policy that in last couple of years, the government has been...
TEHRAN, June 9 (AFP): The price of crude oil is set to rise even further to 150 dollars a barrel by the end of summer, Iran's representative to the OPEC oil cartel warned yesterday."I foresee the price of oil reaching...
Shamsul Huq Zahid | 2008-06-10 00:00:00
THE capital market regulator-the Securities and Exchange Commission (SEC), is considering amendments to the existing rules for the merchant banks to force the latter for accomplishing one of their basic jobs-to bring in new issues to the stock market.The chairman...
England cricketers get cash bonus boostNOTTINGHAM, England, June 9: England's Test players have seen their win bonuses increased to two million pounds (4 million dollars) a year as cricket chiefs react to the cash bonanza caused by the growth of...
A special court in Dhaka Monday exempted detained former premier and Awami League (AL) president Sheikh Hasina from appearing in person during trial proceedings in the barge-mounted power plant case, reports UNB.Upon a petition filed by Sheikh Hasina Sunday, Judge...
CARACAS, June 9 (AFP): Venezuelan President Hugo Chavez has urged Colombia's Marxist rebels to free all their hostages, arguing that the time had come to wind up their decades-old guerrilla insurgency. I believe that the time has come for the...
Robin Kwong | 2008-06-10 00:00:00
FT Syndication ServiceHONG KONG: Bank of East Asia has become the first foreign bank to issue renminbi-denominated debit cards in mainland China, taking advantage of the recent removal of a key restriction on foreign banks' retail business in the country.Hong...
FE Report | 2008-06-10 00:00:00
Bangladesh Bank Governor Salehuddin Ahmed requested the media channels to make best use of these products as part of their corporate social responsibility (CSR).Dr Salehuddin Ahmed made the appeal while speaking as the chief guest in the launching ceremony of...
FE Report | 2008-06-10 00:00:00
Dhaka stocks tumbled Monday due to panic selling spree triggered by rumours that the securities regulator would take steps to cool down the overheated market.The possibility of the Securities and Exchange Commission taking action created the impact at the very...
FE Report | 2008-06-10 00:00:00
The government in its budget for fiscal 2008-09 has proposed to double the SME Endowment Fund to Tk 2.0 billion in the next fiscal year from existing Tk 1.0 billion aiming to promote small and medium enterprises across the country."In...
NEW DELHI, (Internet): Despite rising global crude prices and soaring inflation, the Indian economy will expand by 8.5 per cent in the current fiscal, Finance Minister P Chidamabaram said here Monday."Every estimate says that the economy will still grow at...
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