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Aziz terms food security a big challenge

2007-12-04 00:00:00

Finance Adviser AB Mirza Azizul Islam affirmed prevailing sentiments Monday, saying food security is emerging as a big challenge to Bangladesh. He said physical loss of land, rising income, growth in population and drop in food exports by producing countries...

Framing of charge against Hasina deferred till Dec 9

2007-12-04 00:00:00

Dhaka Metropolitan Sessions Court Monday could not frame charges against ex-Prime Minister (PM) and Awami League (AL) chief Sheikh Hasina in an extortion case as the defence counsel could not study the latest documents concerning the case, reports UNB.Endorsing the...

Economic stagnation 'threatens to jeopardise country's achievements'

2007-12-04 00:00:00

FE Report Economists and development practitioners have warned that economic stagnation threatens to jeopardise the country's achievement on the social front and urged the government to scale up public expenditure to bridge the gap created by declining private investments. The...

Dhaka places $1.0b fund requirements to donors

2007-12-04 00:00:00

Bangladesh Monday placed before the international community a rough estimate of fund requirements amounting to one billion US dollars for rebuilding the cyclone-devastated infrastructures and livelihoods, reports UNB.Chief Adviser Dr Fakhruddin Ahmed presented the estimate in a meeting with the...

Donations to Army Relief Fund made tax-free

2007-12-04 00:00:00

FE ReportThe National Board of Revenue (NBR) chairman Monday said voluntary donations on Army Relief Fund will be considered as income tax free up to December 31 next to attract more fund for Sidr survivors.The government will issue an order...

Discrimination rife in Indian economy

2007-12-04 00:00:00

Jo Johnson, FT Syndication ServiceNEW DELHI: Male graduates applying for private sector jobs in India are far more likely to progress to the next round if they have high-caste Hindu names than if they have surnames associated with dalit (formerly...

Tk 105.3m corruption detected in stadium construction

2007-12-04 00:00:00

C'NAWABGANJ, Dec 3: Large-scale irregularity and corruption were detected in the Tk 105.3 million stadium construction by a group of six private contractors. Following the allegations, ADC Sultan Abdul Hamid and executive engineers of different departments today inspected the construction...

Man slaughters wife in city

2007-12-04 00:00:00

A housewife was slaughtered allegedly by her husband for dowry at Uttar Khan in the city early Monday. The deceased was identified as Parveen Akhter (20), wife of Shahabuddin, a car driver and resident of Dhopdia Madhyapara in Uttar Khan....

BSF hands over two top terrors to BDR

2007-12-04 00:00:00

BENAPOLE, Dec 3: Two top terrors of Dhaka arrested in Indian city of Kolkata were today handed over to BDR at Benapole border. Rafiq Mallik and Babul alias Jewel were handed over by BSF at the check-post in the afternoon....

Govt to amend forex regulation soon

2007-12-04 00:00:00

Siddique Islam The government is going to amend the existing Foreign Exchange Regulation Act, 1947 soon to make it time-relevant and ensure its effective implementation in line with international standards, official sources said.The interim government has sought a fresh draft...

Govt committed to implement RRC recommendations : Aziz

2007-12-04 00:00:00

FE ReportFinance and Planning Adviser AB Mirza Azizul Islam spelt out Monday the government's commitment to implementing the recommendations of the newly established Regulatory Reforms Commission (RRC) to promote investment and ensure better business environment in the country. Pointing to...

Govt to get Tk 158m a year from leased-out jute mills

2007-12-04 00:00:00

S M JahangirThe government will receive Tk 157.90 million per year through leasing out five state-owned jute mills to the private operators.They are Kaomi Jute Mill in Pabna, People's Jute Mills in Khulna, and R R Jute Mill, M M...

IFC to conduct study on Biman's financial position

2007-12-04 00:00:00

Naim-Ul-KarimThe International Finance Corporation (IFC) is likely to conduct soon a study on the financial position of cash-starved Bangladesh Biman Airlines Ltd (BBAL). Sources said the Ministry of Finance (MoF) has approved appointment of the IFC to scrutinise the financial...

Berger to install MTO manufacturing plant

2007-12-04 00:00:00

M Azizur Rahman Berger Paints Bangladesh has planned to install a mineral turpentine oil (MTO) manufacturing plant having the production capacity of 15,000 tonnes per year.The company has recently submitted a proposal to the Energy and Mineral Resources Division (EMRD)...

Govt to monitor child labour involvement in fishery plants

2007-12-04 00:00:00

FE ReportThe government has taken a move to monitor involvement of child labour in country's shrimp industries against the backdrop of widespread allegations of international buyers in this respect.The Business Promotion Council (BPC) under ministry of commerce has decided to...

Dollar stronger, call rate stable

2007-12-04 00:00:00

FE ReportThe US dollar ended stronger against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with higher demand for the greenback, as trading started Monday as usual in the international market, fund managers said.The inter-bank call rate,...

HC issues rule upon govt over Judicial Service Rules

2007-12-04 00:00:00

The High Court (HC) Monday issued rule upon the government to explain why the Bangladesh Judicial Service Rules, allowing the judicial officers' deputation to the executive branches, should not be declared to have been made "without lawful authority," reports UNB.It...

China, India urged to curb energy use

2007-12-04 00:00:00

BALI, Dec 03 (Agencies): Coal-burning power plants belch pollutants into the air in China, contributing to global warming that experts say has destroyed billions of dollars in crops.In India, melting Himalayan glaciers cause floods, while raising a more daunting long-term...

developments in the region and abroad

2007-12-04 00:00:00

Sharif barred from election in PakistanLAHORE, Dec 03(Agencies): Pakistan's Election Commission decided Monday to bar Nawaz Sharif, a former prime minister and opposition leader, from the general election on Jan. 8 because of his criminal record."His nomination papers are rejected...

It's time to streamline civil administration

2007-12-04 00:00:00

A working group formed by the present interim administration soon after its coming to power to formulate administrative reform policies has reportedly completed its job and the head of the human resources management committee of the group submitted its report...

Agriculture in a fresh light

2007-12-04 00:00:00

Syed Fattahul AlimAfter the recent floods and cyclone, the issue of age-old agriculture has again taken the centre stage. And it is also not the recent calamities that have made us realise the fact that agriculture is so important in...

'Putting off day of reckoning'

2007-12-04 00:00:00

Ben White from New York SIXTEEN years ago, the largest bank in the US was on the ropes, its balance sheet crippled by bad debts, especially on commercial real estate and Latin American loans.Citicorp, as it was then known, turned...

Energy liberalisation leads to higher prices

2007-12-04 00:00:00

Philip WrightWHAT is liberalisation of the European Union's gas and electricity markets about? This question is worth asking because the European Commission has been preoccupied with how liberalisation needs to be introduced, rather than with its purpose.In September last, this...

Faulty electricity billing for apartments

2007-12-04 00:00:00

WHEN I lived in an independent house five years ago, I used to get electricity bills according to my expectation. Since I moved to an apartment house, my bills have been fluctuating every month. If it was for Tk 700...

Limiting rickshaws to localities

2007-12-04 00:00:00

We have some successful experimentations with confining the rickshaw movements to specific areas in the capital city. The Mohakhali DOHS has an effective area-based system for the rickshaws. The rickshaw pullers, in the area, are given identity cards and allowed...

Rehabilitation schemes for cyclone-hit people

2007-12-04 00:00:00

THE response of the international community to the urgent needs of Bangladesh after the post-Sidr devastations in the south western coastal areas of the country has been quite encouraging. Many countries including our neighbours have come forward to our support...

Lifebuoy for each home in coastal areas

2007-12-04 00:00:00

Maswood Alam KhanMEASURING present grief, anguish or stupor of the Hurricane Sidr victims in coastal areas of Barisal and Khulna who are now bereft of all their belongings is not possible but by only those who underwent similar ordeals in...

How to understand and respect people with disabilities

2007-12-04 00:00:00

MY brother, James, who was born in 1943 with a genetic chromosomal abnormality, Down's Syndrome, and who had a severe learning disability, died in 1999 in the UK as a result of negligence. He died of severe pneumonia because doctors...

Of leaders and leadership

2007-12-04 00:00:00

Zakiul IslamWE often hear commentators say that the nation would not like to go back to pre - 1/11 days. These comments and wishes are, in fact, widespread in the society. It is borne out of our utter frustration at...

India won't sacrifice its farmers' interest for global trade deal

2007-12-04 00:00:00

NEW DELHI, Dec 3 (AFP): India will not sacrifice the interests of its millions of subsistence farmers to clinch a deal in global trade talks, the country's trade minister warned. Trade Minister Kamal Nath's strong stand came after the head...