FE ReportThe council of advisers approved Saturday a proposal to amend the Income Tax Ordinance 1984, providing for an increase in the tax-exempt ceiling of the interest income from national savings instruments.Under the amendment, the ceiling of income tax deduction...
FE Report The central bank is seriously concerned over the poor distribution of agriculture credit as state-owned banks during July-August period of the current fiscal could disburse only Tk 5.28 billion, which is less than half the expected level. Against...
Detained former Prime Minister (PM) Khaleda Zia is likely to be quizzed this week in connection with the container handling case filed against her by the Anti-Corruption Commission (ACC), reports UNB. "The investigation officer (IO) has already filed a petition...
FE Report The government should immediately expedite the formation of the truth commission with a view to releasing businessmen from jail and dispel panic among them. President of the Bangladesh Chambers of Commerce and Industry (FBCCI) Mir Nasir Hossain told...
BNP Secretary General Khandaker Delwar Hossain Saturday questioned the motive behind the proposed Truth Commission, report agencies.Talking to the reporters at his NAM apartment, he alleged one of the purposes of the Commission might be that if the BNP leaders...
FE ReportThe inter-bank call money rate is unlikely to rise ahead of the Eid-ul-Fitr festival as the commercial banks are now flooded with large amount of excess liquidity, market operators said. The call money rate is expected to move up...
ISLAMABAD (Pakistan), Oct 6: President Pervez Musharraf easily won the presidential election Saturday, but an opposition boycott and pending hearings in the Supreme Court, which still has to decide on his eligibility to stand for election in uniform, left him...
Neil Dennis, FT Syndication ServiceLONDON: The dollar fell on Friday as fears about credit market casualties were rekindled after a profit warning from Merrill Lynch.Having spiked 0.7 per cent following stronger than expected US jobs growth data, the US currency...
Trade talks at the secretary level between Bangladesh and Nepal began Saturday at Kathmandu for raising the volume of trade. Reports reaching here from Kathmandu said, transport connectivity and transit, trade fair, transportation of perishable goods by air, tourism and...
A Bangladeshi cattle-trader was shot dead by Indian Border Security Force (BSF) at Karagachhi frontier in Kaloroa upazila under Satkhira early Saturday. The deceased was identified as Khalid Hossain (25), son of Khokon Dalal of the area. BDR sources said,...
A teenage restaurant-worker was stabbed to death by his fellow worker in the city's Kalabagan area early Saturday. The deceased was identified as Abu Taher (14), son of Saju Mia. Taher was an employee of Swad Restaurant. — UNB
Shakhawat Hossain The overall implementation record of the National Strategy for Accelerated Poverty Reduction (NSAPR) was poor until 2006 as success of the major strategic targets was only partial, a government review report said."Overall implementation of NSAPR so far is...
FHM Humayan Kabir Acute shortage of power and water supply over the last couple of days has aggravated the miseries of people living in the capital. Residents in some areas in the capital shared their unpleasant experience on the crises...
FE Report The government has launched a probe into the suspected irregularities, financial and otherwise, in a World Bank-funded project meant to impart "quality" education to the drop-outs and out of school children, an informed source said.The primary and mass...
Bangladesh has been elected chairman of the coordination council of the least developed countries (LDCs) after long and intense diplomatic maneuver for the last few months, reports UNB from New York.Foreign Affairs Adviser Dr Iftekhar Ahmed will discharge the functions...
FE ReportPrime Finance & Investment Ltd, a leading non-banking financial institution (NBFI) recently signed a participation agreement with the Bangladesh Bank (BB) to extend home loan facility to lower and middle-income groups of borrowers.The agreement signed under the 'Bangladesh Bank...
Energy Adviser Tapan Chowdhury Saturday said those who do not want development of the country's northern region are opposing extraction of coal from Phulbari coal mine, reports UNB."I don't want any debate about the mining methodology. But it's fact that...
FE ReportLeaders of the apparel factory owners will sit with the Association of Bankers, Bangladesh (ABB) tomorrow (Monday) to seek soft loan aiming to clear salaries and Eid bonuses of workers to avert any unrest in the industry, sources said."The...
The US said it may seek United Nations sanctions against Myanmar as a worldwide show of support for pro-democracy demonstrators got under way, according to Bloomberg. Campaigners in countries including Australia, Belgium, Canada, South Korea and Ireland planned to march...
Experts at a discussion meeting Saturday stressed the need for producing indigenous species of crops using the traditional knowledge to preserve the country's bio-diversity, reports UNB.In the country, there are many environment friendly traditional varieties of paddy, which take one-and-a-half...
Turkish envoy warns against US genocide WASHINGTON (McClatchy): Approval of an Armenian genocide resolution by the House of Representatives would have "very, very unfortunate" consequences for US-Turkish relations, Turkish Ambassador Nabi Sensoy warned Friday. The House Foreign Affairs Committee will...
NARSINGDI, Oct 6 (UNB): About 4,500 workers and employees of state-owned UMC Jute Mills here today staged demonstration demanding payment of their arrears and Eid bonus.They stopped work at 2.00pm, brought out a procession and gheraoed the general manager in...
Panelists at BBC Sanglap have observed that indulgence towards businessmen can never boost economy.They made the observation while exchanging views on the government proposed Truth Commission in the city Saturday, reports UNB.The discussants said the government should not form any...
A group of protectionists Saturday said any government agreement with the Asia Energy would tantamount to an utter betrayal with people, making its anti-corruption stance farcical. The member secretary of the National Committee for the Protection of Oil, Gas, Mineral...
Chief Coordinator of the newly formed Progressive Democratic Party (PDP) Ferdous Ahmed Quraishi said Saturday that there was no problem with holding national elections amid a State of Emergency. Quraishi told reporters at a news briefing in the city: "The...
Awami League (AL) Presidium member Syeda Sajeda Chowdhury rejected Saturday the allegation of corruption brought against her."I obviously reject the government list that has shown me as corrupt," she told newsmen at her Gulshan residence, reports UNB.Sajeda said she would...
About 100 Myanmar nationals staying in Bangladesh staged a demonstration near the Myanmar Embassy Saturday protesting the military ruler's "brutal killings" and arrests of monks, students and innocent people, reports UNB.The demonstration coincided with international day of support for freedom...
GP-BCB National Cricket Academy team defeated Rajshahi Division in a one-day practice match at the Shaheed Chandu Stadium in Bogra Saturday ahead of the ensuing National Cricket League, reports UNB.Sent into bat first, Rajshahi Division were dismissed for 121 in...
DAMBULLA, Oct 6 (BBC): Skipper Paul Collingwood says Graeme Swann's displays in Sri Lanka mean Monty Panesar will struggle to get back into England's one-day side. Swann produced a fine all-round display as England levelled the five-match series at 1-1...
MIAMI, Oct 6 (Reuters): The head of the United States Olympic Committee has urged disgraced athlete Marion Jones to hand back her Olympic medals. Jones pleaded guilty Friday to lying to federal investigators about her use of steroids. "As further...
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