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Bureaucracy's incapacity affects budget execution

FHM HUMAYAN KABIR | 2024-06-05 00:00:00

Bangladesh's budget-execution capacity still stays stymied despite government spending of millions of dollars annually for improving implementation capacity of the civil servants, sources said Tuesday.The low public-spending capacity in public works has placed Bangladesh on the lowest rung of an...

Govt backpedals on ICT tax benefit cuts

DOULOT AKTER MALA | 2024-06-05 00:00:00

The government has backtracked on its move to phase out tax benefit from the Information and Communication Technology sector in a bid to facilitate its growth, considering its untapped potential.In the budget for the next fiscal year, the National Board...

Banking governance needs immediate remedy

FE REPORT | 2024-06-05 00:00:00

Hard reforms and tough actions are a must-do now to ensure good governance in Bangladesh's banking sector, an eminent economist says while reviewing the country's latest economic situation. "We have to find immediate solution to decayed governance for the country's...

Cautiously crafted Tk 7.97t budget tomorrow amid economic pains

JASIM UDDIN HAROON & SYFUL ISLAM | 2024-06-05 00:00:00

Higher inflation, lower investment and forex crunch remain pains in the neck as the government goes to place in parliament tomorrow a cautiously crafted Tk 7.97-trillion new national budget.Finance Minister Abul Hassan Mahmood Ali is expected to present the maiden...

Thumbs-down on treasuries to bridle bank-lending rate

JUBAIR HASAN | 2024-06-05 00:00:00

Government thumbs-down on the hot yields in treasuries auctions looms in a bid to hold in check rising bank-lending rates, officials and experts said.The strategy change of the government on interest regime in order to ease the business climate here...

Bangladesh: a breakout economy or another LDC crash landing?

Zaved Akhtar | 2024-06-05 00:00:00

What Bangladesh achieved in the last five decades, more so over the last 30 years or so, has been more than impressive. We have been stepping up our gross domestic product (GDP) growth rates every decade consistently since the independence,...

Health benefits of regular walking habit

PUSHPITA KHAN | 2024-06-05 00:00:00

While thinking of exercise, most people usually imagine jogging, cycling, swimming, push-ups, pull-ups, and all those heavy-duty physical activities. However, walking, being the simplest and the most accessible one of them all, is often ignored. Walking is such an exercise...

Managing itchy skin during summer heat

DR IMTIAZ AHMED | 2024-06-05 00:00:00

Does the skin feel itchy and irritated under the burning sun? This is common, especially for people with eczema or similar skin diseases. Skin is our body's natural barrier; when damaged, it becomes dry-the dryness leads to increased sensitivity to...

Using fragrance that suits the occasion

NOWSHABA ACHAL | 2024-06-05 00:00:00

There is no denying the power of fragrance. Beyond simply being a pleasing scent, fragrance is an invisible accessory that defines one's personality and creates a lasting impression. The appropriate fragrance choice may uplift the mood and improve the overall...

News in Brief-2024-06-05

2024-06-05 00:00:00

India heatwave hits wildlife as thirstymonkeys drown in wellPATNA, June 04: Dozens of monkeys in heatwave-hit India desperate for water have drowned in a well, a forest official said Tuesday, in a state where lakes have turned to dust. Swaths...

Iran vows response if UN N watchdog approves censure

2024-06-05 00:00:00

TEHRAN, June 04 (AFP): Iran threatened to respond Tuesday if the UN nuclear watchdog approves a new censure resolution proposed by three European governments despite the opposition of the United States, Iranian media reported."In case of issuing a resolution against...

Tokyo govt to launch dating app to boost birth rate

2024-06-05 00:00:00

TOKYO, June 04 (AFP): Japan's capital will launch its own dating app as early as this summer as part of government efforts to boost the plunging national birth rate, a Tokyo official said Tuesday.Users will be required to submit documentation...

North Korea's trash balloons deepen tensions with South

2024-06-05 00:00:00

SEOUL, June 04 (AP): Animosities between North and South Korea are rising sharply again over an unusual cause: The North's rubbish-carrying balloons.In the past week, North Korea floated hundreds of huge balloons dumping manure, cigarette butts, scraps of cloth, waste...

Gaza children sometimes go hungry for whole day

2024-06-05 00:00:00

PARIS, June 04 (AFP): Palestinians displaced by the Gaza war are living in "appalling" conditions, with children sometimes going for a whole day without food and thousands sharing the same toilet, Oxfam warned on Tuesday.Deadly Israeli bombardment and fighting has...

Biden slams Trump as 'convicted felon' for first time

2024-06-05 00:00:00

GREENWICH, June 04 (AFP): Joe Biden blasted Donald Trump on Monday as a "convicted felon" who is seeking the US presidency for the first time in history, in a dramatic escalation of his attacks on his rival in November's election.Biden,...

E-ticket - a boon for travellers

2024-06-05 00:00:00

The advance sale of train tickets for homebound people on Eid Ul Adha commenced on June 2. The demand for tickets is naturally high during Eid as people travel from cities to villages to celebrate with their loved ones. Trains...

Becoming 'Generation Restoration'

2024-06-05 00:00:00

As we celebrate the World Environment Day, established by the United Nations General Assembly in 1973 and coordinated by the UN Environment Programme (UNEP), we are reminded of our collective responsibility to protect and restore our planet. This year's theme,...

Unaffordable capacity payment

Syed Mansur Hashim | 2024-06-05 00:00:00

Policymakers do not want to hear anything about 'capacity payment'. Yet, capacity payment simply cannot be ignored because it remains the cornerstone of the lop-sided energy sector planning that successive governments have been loath to let go. It falls under...

Trade-off between macro-economic stability and growth

Wasi Ahmed | 2024-06-05 00:00:00

Is there a paradox between growth and macro-economic stability? In normal circumstances they are considered complementary-one reinforcing the other; but asking which comes as the foremost priority may lead to answers that would tend to vary from place to place...

Red Sea crisis and spot rate hike

2024-06-05 00:00:00

Transportation of merchandise by sea has become costlier as spot rates (of freight) for containershipping have seen unprecedented hike within the span of a month. Such rise in ocean freight has struck fear among Bangladeshi shippers as the development reminds...

Quandary on public finance management

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, Towfiqul Islam Khan, Muntaseer Kamal, and Syed Yusuf Saadat | 2024-06-05 00:00:00

Commenting on the country’ public finance situation has become problematic due to the unavailability of timely data. As of May 2024, the Ministry of Finance (MoF) data is available only until January 2024. As is known, the MoF provides the...

Mbappe, Griezmann absent from initial France Olympic team list

2024-06-04 00:00:00

PARIS, June 03 (AFP): Kylian Mbappe and Antoine Griezmann were on Monday left off the preliminary list of 25 players called up by hosts France for the Olympic Games football tournament.Both players had indicated their desire to participate in the...

Djokovic eyes 15th successive French Open quarter-final

2024-06-04 00:00:00

PARIS, June 03 (AFP): Novak Djokovic will aim to reach his 15th successive French Open quarter-final on Monday after setting an unwanted Roland Garros record, while Aryna Sabalenka and Elena Rybakina eased through in the women's draw.Defending champion and 24-time...

Six matches of national women's handball decided in opener

2024-06-04 00:00:00

Six matches of the Exim Bank 35th National Women's Handball competition were decided on the first Monday held at Shaheed Captain M Mansur Ali National Handball Stadium, reports BSS.On the day, Narail District Sports Association (DSA) beat Habiganj DSA by...

We had special plan for Ghanshyam, says coach Jalil

2024-06-04 00:00:00

Bangladesh national Kabaddi team coach Abdul Jalil said they had plans for Nepal, especially for the Nepalese captain Ghanshyam Roka Magar, reports BSS.In Monday's grand final, Bangladesh defeated Nepal 45-31 to win the Bangabandhu Cup International Kabaddi Tournament for the...

Bangladesh clinch Bangabandhu Kabaddi title

2024-06-04 00:00:00

Hosts Bangladesh smartly clinched the 12-nation Bangabandhu Cup International Kabaddi title for the fourth time in a row with an all-win record, beating the Himalayan nation Nepal by 45-31 points with two lonas in the final at the Shaheed Suhrawardy...

Holders England hope to set tone against Scotland today

2024-06-04 00:00:00

BRIDGETOWN, June 03 (PTI): Deprived of ideal preparation by rain, defending champions England will hope to get their act right straightaway when they face Scotland in their T20 World Cup opener here on Tuesday.Phil Salt will look to continue his...

Empty stands during hosts West Indies match against PNG sparks outrage

2024-06-04 00:00:00

After the USA's impressive win against Canada in the 2024 T20 World Cup opener at the Grand Prairie Stadium in Dallas on Saturday, co-hosts West Indies kicked off the Caribbean leg of the tournament on Sunday as they hosted Papua...

ICC announces record prize purse of $11.25m for T20 World Cup

2024-06-04 00:00:00

NEW YORK, June 03 (PTI): The International Cricket Council (ICC) on Monday announced a record prize purse of $11.25 million for the 2024 T20 World Cup with the winners pocketing at least $2.45 million.The runners-up will receive at least $1.28...

Wiese powers Namibia's thrilling Super Over win

2024-06-04 00:00:00

BRIDGETOWN, Barbados, June 03 (AFP): Namibia scored a nerve-shredding victory over Oman in their T20 World Cup Group B clash in Barbados on Sunday after a low-scoring thriller was decided by a super over.David Wiese was the hero for Namibia,...