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Caring for children

Nilratan Halder | 2019-08-09 00:00:00

In the first six months of the year, as many as 205 children have been murdered in the country. This provides a highly disturbing picture because it comes to 34 child murders a month. Based on an analysis of the...

BJP threatens to transform India into a kind of Hindu Pakistan

Ramesh Thakur in Canberra, Australia | 2019-08-09 00:00:00

Indian Prime Minister Narendra Modi's government has decided to strip Kashmir of its special status - which granted considerable autonomy to the disputed Muslim-majority territory - and split it into two union territories (a status below that of states) that...

BIDA offers linking its OSS with NBR’s system

Doulot Akter Mala | 2019-08-08 00:00:00

The Bangladesh Investment Development Authority (BIDA) has proposed to integrate its one-stop service (OSS) with the National Board of Revenue's (NBR) VAT Online and Asycuda World system to facilitate investors.As a result, the investors will be able to obtain Business...

PC sends back Ishwardi ICD project proposal due to flaws

Munima Sultana | 2019-08-08 00:00:00

The Planning Commission (PC) has sent back a project proposal of Bangladesh Railway (BR) to set up an Inland Container Depot (ICD) at Ishwardi due to showing excessive cost of consultancy services, sources said.They said the project evaluation committee (PEC)...

Outpouring of enthusiasm at mechanical festival

Ebtesam Al-Haque | 2019-08-08 00:00:00

The annual mechanical festival "Mecceleration" at the Islamic University of Technology (IUT), Gazipur returned for the sixth time after experiencing tremendous success consecutively, with the tagline "Crank your brain, shift your ideas, accelerate your aptitudes" this year. The daylong fest...

Exploring MSME sub-sectors to attract investment

Md Joynal Abdin | 2019-08-08 00:00:00

According to the National Industrial Policy 2016 (NIP 2016), industrial activities are mainly divided into two categories -- manufacturing industry and service industry. It has classified all industries into twelve categories based on features and sizes. These are as follows:...

Reforming tax regimes rationally

Helal Uddin Ahmed | 2019-08-08 00:00:00

Contrary to what the chairman of National Board of Revenue (NBR) claimed a few days ago, the country's tax rates, more specifically corporate tax, still remain very high compared to other middle-income countries (Bangladesh is now categorised as a lower...

Locating equality: Real estate a focus of discontent

Harold James in Munich | 2019-08-07 00:00:00

Inequality is the leading political and economic issue of the current era, yet debates about it have long suffered from a degree of imprecision. For example, the standard measure of inequality, the Gini coefficient, reduces a country's entire income distribution...

BB steps in to ease non-bank lenders' liquidity problem

Siddique Islam | 2019-08-06 00:00:00

The central bank has allowed non-banking financial institutions (NBFIs) to borrow the maximum 40 per cent of their equities from the inter-bank call money market.The current limit is 30 per cent.The revised limit for borrowing from the call money market...

NBR wants BEZA to exclude essential goods from tax incentive package

Doulot Akter Mala | 2019-08-06 00:00:00

The National Board of Revenue (NBR) has decided to put forward a proposal to Bangladesh Economic Zones Authority (BEZA) for exclusion of essential consumer goods from its tax incentive package.The revenue board took the decision after it found an uneven...

Lagarde's ECB checklist

Stefan Gerlach in Zurich | 2019-08-06 00:00:00

The surprise nomination of Christine Lagarde to serve as the next president of the European Central Bank (ECB) has pleased many observers, including me, and disappointed others. Those who are pleased feel that Lagarde's eight-year term as Managing Director of...

Cost of feasibility study goes up by 37pc

Munima Sultana | 2019-08-05 00:00:00

The cost of conducting a feasibility study for establishing rail corridor with Payra port through Barishal has been increased significantly due to delay in starting the study work.Sources said Bangladesh Railway (BR) has revised the study project with the proposal...

BD may seek legal advice from ACWL

Rezaul Karim | 2019-08-05 00:00:00

The government is contemplating to approach the Dispute Settlement Body of the World Trade Organisation (WTO) against the imposition of anti-dumping duty (ADD) on Bangladeshi jute goods by India, according to officials. To this end, Bangladesh may seek legal advice...

Move to update BTP info

Talha Bin Habib | 2019-08-05 00:00:00

The government has taken a move to update the trade and business related information of Bangladesh Trade Portal (BTP) to expedite internal and external commercial activities.Under the move, the Ministry of Commerce (MoC) will sign a memorandum of understanding (MoU)...

Flood victims deserve more care

Neil Ray | 2019-08-05 00:00:00

With dengue capturing the national attention, floods have been relegated to the back burner. A phenomenon blighting mostly the capital city -although lately its outbreak is reported from all 64 districts, dengue has undoutedly been giving a nightmarish time to...

Poverty pockets in the hills

Shamsul Huq Zahid | 2019-08-05 00:00:00

When poverty has been constantly declining at a decent rate in the country for about three decades, Ukhia and Teknaf, two upazilas of Cox's Bazar district, are now experiencing an opposite and unsavoury development. The headcount poverty in Ukhia has...

Harnessing the benefits of the techno-revolution

Christopher Pissarides and Jacques Bughin in London | 2019-08-05 00:00:00

Public discussion of the effects of automation and artificial intelligence (AI) often focuses on the productivity benefits for companies and the economy, on the one hand, and on the potential downside for workers, on the other. Yet there is a...

AB Bank diversifying portfolio riding on SME

Ismail Hossain | 2019-08-04 00:00:00

AB Bank wants to recover and reduce its volume of non-performing loan (NPL) on priority basis, the top executive of the bank said.The other priorities the bank is considering to implement in short-term are increasing volume of deposit, boosting morale...

NBR allows importers to get Kamalapur ICD-bound goods released at Pangaon

Doulot Akter Mala | 2019-08-04 00:00:00

The National Board of Revenue (NBR) will allow importers for a period of three months to release their products through Pangoan port if the goods are bound to Kamalapur Inland Container Depot (ICD) from Chittagong port.The decision was taken at...

FinTech changing shopping experience

Mohammad Saiful Islam | 2019-08-03 12:00:00

FinTech is the synergy between finance and innovative technology to meet the need for dynamic financial services with improved ability resulting in faster, reliable and low-cost financial services. The Financial service industry of Bangladesh is dominated by banking sector and...

In Mysore past and present meet together, happily

Nilratan Halder | 2019-08-03 12:00:00

With the roseate light of the setting sun at Mysore dusk getting serrated through the trees, the graveyard of Tiupu, inventor of cannon, looked so forlorn and uncared for that the site cannot but make one pensive. A hero who...

Banks demand single regulatory reporting requirement: BIBM

Ismail Hossain | 2019-08-03 00:00:00

Banks want a single regulatory reporting format through an authenticated mail address instead of existing multiple reporting to avoid complexities, according to a survey. There should be "maker and checker" option while sending these reports, the bankers said in the...

FY19 imports up by 6.0pc

Siddique Islam | 2019-08-03 00:00:00

The country's imports grew by more than 6.0 per cent in fiscal year (FY) 2018-19 following higher imports of construction materials as intermediate goods, officials said.The actual import in terms of settlement of letters of credit (LCs) rose to $54.64...

EU for strict enforcement of GSP regulations

Syful Islam | 2019-08-03 00:00:00

The European Union (EU) appears to be stricter with the enforcement of Generalised System of Preferences, or GSP regulations amid rising exports from the beneficiary countries, including Bangladesh.The 28-member regional bloc said its new leadership will take an interest in...

Stocks stay afloat on institutional support

Babul Barman | 2019-08-03 00:00:00

Stocks eked out gains for the second consecutive week that ended on Thursday, as institutional investors continued to support the market.DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 36.48 points or 0.71 per cent week on week...

Reshaping of EU-BD Business Climate platform proposed

Rezaul Karim | 2019-08-03 00:00:00

The EU-Bangladesh Business Climate platform is set to be restructured for bringing more fruitful outcomes in the areas of business, investment and trade.As part of the reshaping move into the key business platform with a bloc of 28 European nations,...

Changes in digital commerce policy in the offing

Talha Bin Habib | 2019-08-03 00:00:00

The government has taken a move to bring some changes in the existing digital commerce policy aiming to flourish the sector considering its potential, officials said. With this end in view the ministry of commerce (MoC) brings some changes to...

Customer satisfaction: Small initiatives can ensure better outcomes

Annur Islam Sifat from Sydney, Australia | 2019-08-03 00:00:00

An excellent customer service not only fulfils the requirement of the customers, it goes beyond. It's perhaps the smartest way to stand out of the crowd of other companies and traders selling products and services. It is well accepted that,...

Lesson from test run of circular bus service

Asjadul Kibria | 2019-08-03 00:00:00

Within three months of introduction of the so-called circular bus service on four routes in Dhaka, it is now clear that the service failed to pass the preliminary test. Two circular routes are in Azaimpur-Dhanmondi area and two circular routes...

Overshooting of land resource in rural areas

Abdul Bayes | 2019-08-03 00:00:00

A recent report from newspapers tend to tell us that the world is utilising more than two times its existing resources and hence there is 'over shooting' of resources. This means that we are using the resources to be used...