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Let children celebrate Pahela Baishakh in their own way

Nilratan Halder | 2019-04-13 00:00:00

The craze for panta-elish (soaked rice and fried Hilsha) among the urbanites has subsided to some extent but not vanished altogether. There are still people who think without Hilsha, the celebration of the Pahela Baishakh loses all its lustre. Sure...

Govt eyes Tk 377b non-tax revenue in next budget

Syful Islam | 2019-04-12 00:00:00

The government is set to fix the target for non-tax revenue (NTR) at Tk 377 billion in the forthcoming budget.The amount is up by Tk 43 billion from current fiscal's original target and by Tk 107 billion from the revised...

IMF for addressing NPL issue to ensure financial stability

Siddique Islam from Washington DC | 2019-04-12 00:00:00

The International Monetary Fund (IMF) has put emphasis on addressing the issue of non-performing loans (NPLs) immediately for ensuring financial stability. "…Addressing non-performing loans is a first order importance for financial stability," Tobias Adrian, financial counselor and director, money and...

Promoting book as Bengali New Year's gift

Asjadul Kibria | 2019-04-12 00:00:00

Another Pahela Baishakh, the Bangla New Year's Day, is knocking at the door. Celebrating the day amid fun and festivity has already turned into a big business no doubt. Baishakh is now the second largest shopping spree in the country...

Ensuring healthy growth of young generation

Nilratan Halder | 2019-04-12 00:00:00

That a large portion of the 35 million adolescent population of the country is suffering from malnutrition should have caused policymakers sleepless nights. Girls aged 15-19 are the worst sufferers as one in four is stunted. At the same time...

How the market is betraying advanced economies

Diane Coyle in Cambridge | 2019-04-12 00:00:00

Despite ever-improving conditions for millions of people around the world - documented by entities like the University of Oxford's Our World in Data and highlighted by scholars like Steven Pinker - popular discontent is on the rise in many places....

Businesses sidestep Tk 10b in consumption tax during FY ’18

Doulot Akter Mala | 2019-04-11 00:00:00

The amount of VAT evasion has almost doubled in a year as the tax collector has intensified audits, officials said.The VAT Audit, Intelligence and Investigation Directorate detected Tk 10.71 billion in evasion of such taxes during fiscal year 2017-18, up...

RHD unlikely to get WB funding this year

Munima Sultana | 2019-04-11 00:00:00

A slow progress in preparing the technical project on the start of the bus-based mass transit system in city's southern part has delayed getting the project's assistance from the World Bank by a year, sources said.They said a time gap...

Overcoming financial sector ills through good governance

Helal Uddin Ahmed | 2019-04-11 00:00:00

Comprising money and capital markets, the financial markets are classified mainly in accordance with the final maturity of their instruments. Money market usually includes financial assets that have short or medium-term duration. These assets are highly marketable and carry a...

World Bank financialisation strategy serves big finance

Jomo Kwame Sundaram in Kuala Lumpur and Anis Chowdhury in Sydney | 2019-04-11 00:00:00

The World Bank has successfully built a coalition to effectively advance its 'Maximising Finance for Development' (MFD) agenda. The October 2018 G20 Eminent Persons Group's (EPG) report includes proposals to better coordinate various international financial institutions (IFIs) in promoting financialisation.MDB...

IMF projects 7.3pc growth for BD

Siddique Islam, from Washington | 2019-04-10 00:00:00

The International Monetary Fund (IMF) projected that the economy of Bangladesh would grow by 7.30 per cent in 2019.The April 2019 version of the World Economic Outlook (WEO), released on Tuesday morning in Washington, DC, unveiled the projection. The title...

NGOs blast US for undermining International Criminal Court

Thalif Deen in UN Headquarters, New York | 2019-04-10 00:00:00

As it paves a destructive path against international institutions and multilateralism, the Trump administration is slowly but steadily undermining the United Nations and its affiliated agencies.The US has already withdrawn both from the Human Rights Council in Geneva and the...

The current account and depreciation

M A Taslim | 2019-04-10 00:00:00

When the current account is in the news it is unlikely to be good news. It usually attracts the attention of the media when it is in a large deficit. This is what is lately happening to the current account...

US firm to help improve Ctg port rly connectivity

Syful Islam | 2019-04-09 00:00:00

EagleRail, a US-based container logistics service provider, has sought to invest in rail connectivity at the Chattogram port, officials said.It is interested to carry containers from the port yard to the nearest inland container depots (ICDs) by setting up an...

NATO reflects as it turns 70

Kamal Uddin Ahmed | 2019-04-09 00:00:00

To celebrate and reflect upon the security alliance's 70th anniversary the Foreign Ministers of NATO countries gathered for a two-day meeting in Washington on April 03, 2019 with the theme, "NATO Engages: the Alliance at 70."Article 5 of the US-led...

Perspective Plan 2041: Sticking to implementation roadmap

Shamsul Alam | 2019-04-08 00:00:00

The Perspective Plan 2041 envisages government's commitment in a host of other policy actions across sectors. These are: * EXCHANGE RATE MANAGEMENT: The government has been following a flexible market-based exchange rate policy. This has helped exports and led to...

Why are there so many fires?

Neil Ray | 2019-04-08 00:00:00

It is difficult to keep count of the fires breaking out almost on a daily basis -- at times two or more a day -- in the city since the massive blaze at FR Tower in Banani. The FR Tower...

Wealth tax growth belies rising number of the rich

Doulot Akter Mala | 2019-04-07 00:00:00

The growth in collection of wealth tax from rich people slowed in the last fiscal year despite a significant rise in the number of such people.The collection of taxes from wealthy people in the form of surcharge posted a slower...

RHD to save Tk 15b on a mega-project

Munima Sultana | 2019-04-07 00:00:00

For the first time in its history, the Roads and Highways Department (RHD) is set to finish a mega project before time, cutting back on a hefty budget.Sources said a militant attack on Holey Artisan Bakery in upscale Gulshan district...

Vision 2041: Alignment with other macro plans

Shamsul Alam | 2019-04-07 00:00:00

The year 2008 is an important landmark in the planning history of Bangladesh as it was earmarked by the declaration of Vision 2021, a charter for moving towards a prosperous future. Vision 2021, through a full-blown Perspective Plan (2010-2021), laid...

The Sick Man of NATO

Galip Dalay in Oxford | 2019-04-07 00:00:00

As the North Atlantic Treaty Organisation (NATO) marks the 70th anniversary of its founding, it is confronting a crisis unique in its history. Turkey, a NATO member since 1952, has concluded a deal to purchase an S-400 air defence system...

UK seeks fair treatment in terms of taxation for its investors

Syful Islam | 2019-04-06 00:00:00

The United Kingdom (UK) has sought fair treatment, in terms of taxation, for its investors in Bangladesh, officials said.It assured Bangladesh of duty-free and quota-free (DFQF) access of its goods and services to the UK market even after leaving the...

High-powered JICA team to visit BD April 08-18

Siddique Islam | 2019-04-06 00:00:00

The Japan International Cooperation Agency (JICA) is interested to know about the latest situation of the country's foreign trade, monetary issues and banking sector through assessing its macro-economic performance.As part of the move, the JICA is set to dispatch a...

Stocks sink for 10th straight week as sell-off grips market

Babul Barman | 2019-04-06 00:00:00

Stocks extended their losing streak for the tenth straight week that ended on Thursday, as worried investors keep dumping financial shares.Market analysts said the ongoing pessimism coupled with worries about Taxpayer's Identification Number (TIN) issue, Grameenphone (GP) issue and falling...

Belt and Road initiative: Bangladesh perspective

Dilip Barua | 2019-04-06 00:00:00

One of the recent initiatives that warrants heightened attention and importance is China's Belt and Road Initiative (BRI). Chinese President Xi Jinping put forward the proposal to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road...

Let budget be placed in the morning

Asjadul Kibria | 2019-04-06 00:00:00

The national budget for fiscal year 2019-20 (FY20) is likely to be placed in parliament in the second week of June this year. It will be the 48th national budget of the county and first budget of the incumbent finance...

Debate over Bangladesh's growth

Abdul Bayes | 2019-04-06 00:00:00

Bangladesh grew at an average annual rate of 6.2 per cent – indeed an exhilarating rate in the annals of her history – for a decade or so. Then the growth rate jumped to a little over 7.0 per cent...

Global tensions to force trade slowdown in 2019

Sarwar Md Saifullah Khaled | 2019-04-06 00:00:00

Global trade growth is expected to be lower in 2019 than that in 2018 because of the on going trade spat between China and the United States. The World Trade Organisation (WTO), citing widespread global tensions and economic uncertainty, forecast...

The necessity of BHIELD Survey

Syed Abul Hasan | 2019-04-06 00:00:00

Information related to household finances in Bangladesh is currently collected through the Household Income and Expenditure Survey (HIES). The HIES is a repeated cross-sectional household survey that is conducted in every 5-6 years to collect detailed information on household income,...

Saving Ramna Park from alien aggression

Nilratan Halder | 2019-04-06 00:00:00

Britain's Royal Botanical Garden, Kew-famed Robert Louis Proudlock would not have been amused had he known the botanical anarchy in Ramna Park he designed. A landscape designer, he designed Ramna Park and had the foresight to select plants and trees...