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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...

S'pore emerging as Indian Inc's gateway to world

2007-12-04 00:00:00

NEW DELHI, Dec 3 (Xinhua): With more than 2,700 Indian firms operating in the country, Singapore has emerged as the favourite destination for Indian domestic corporates looking to internationalise their business, local newspaper The Indian Express reported today. While bilateral...

China opens key economic policy meeting

2007-12-04 00:00:00

BEIJING, Dec 3 (Xinhua): China's top leaders gathered in Beijing today to determine economic policies for 2008 amid efforts to prevent the economy from overheating and to curb inflation. The Central Economic Work Conference, an annual event initiated more than...

'BoJ to raise rates if economy grows steadily'

2007-12-04 00:00:00

TOKYO, Dec 3 (AFP): Japan's central bank will continue to raise its super-low interest rates if Asia's largest economy enjoys sustainable growth, even with steady consumer prices, governor Toshihiko Fukui said today. Japan's benchmark interest rate of 0.5 per cent...

Thai growth beats expectations in Q3

2007-12-04 00:00:00

BANGKOK, Dec 3 (AFP): Thailand's economy grew by 4.9 per cent in the quarter to September, beating expectations and improving the kingdom's outlook for next year, the government's economic think-tank said today. The National Economic and Social Development Board (NESDB)...

S Korea Q3 growth slower than expected

2007-12-04 00:00:00

SEOUL, Dec 3 (AFP): South Korea's economy grew at a slower pace in the third quarter than expected after expanding at its fastest clip in three and a half years in the second quarter, the central bank said today. Gross...