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Tax collection deficit reaches Tk 167.99b

Doulot Akter Mala | 2018-12-05 00:00:00

Aggregate shortfall in tax revenue collection against the target widened further, marking a deficit amounting to Tk 167.99 billion in the first four months of the current fiscal year (FY), 2018-19.The shortfall was about Tk 114 billion in the first...

Liquidity shortfall hits Karmasangsthan Bank

Rezaul Karim | 2018-12-05 00:00:00

Karmasangsthan Bank has sought finance ministry's assistance in mitigating its liquidity shortfall that turns serious, officials said.The state-run bank has been operating on loans, they said.The bank sought intervention of the Financial Institution Division to ensure investments by different state...

Understanding Xi Jinping Thought that guides China today

Sultana Yesmin | 2018-12-05 00:00:00

Since the economic reform and opening up policy in 1978, the economy of the People's Republic of China (PRC) has developed tremendously and gained prominence in the world economy. Chinese socialism, implemented by five-generation Chinese leaders such as, Mao Zedong...

How does public investment affect private investment?

Selim Raihan | 2018-12-05 00:00:00

The importance of investment in economic growth is well acknowledged both in theory and empirical literature. No country has been able to accelerate economic growth without significantly increasing the investment-GDP ratio. However, there are disagreements among economists and policy-makers about...

Salaried people lead income tax return submission

Doulot Akter Mala | 2018-12-04 00:00:00

Income tax return submission by individual taxpayers posted a 14 per cent rise this year, mostly contributed by salaried taxpayers.Until Sunday, tax offices received some 1.7 million tax returns and about 315,105 'time petitions' from the individual taxpayers.Time petition means...

Finance ministry favours signing free trade deals

Syful Islam | 2018-12-04 00:00:00

The Ministry of Finance has given the go-ahead to the Ministry of Commerce to move forward towards signing bilateral and multilateral free trade area (FTA) agreements with developed and developing countries, officials said.The finance ministry's green light came as it...

BD-Lanka FTA signing halts on political turmoil

Rezaul Karim | 2018-12-04 00:00:00

Uncertainty is looming large over Bangladesh's signing a free-trade agreement (FTA) with Sri Lanka due to political turmoil prevailing in the South Asian island nation, said a senior official of Ministry of Commerce (MoC).A committee, led by an additional secretary...

Electoral process: Preempting election hackers

Michael Chertoff and Eileen Donahoe | 2018-12-04 00:00:00

The election interference tactics originally deployed by Russia against the United States and Europe are now global. Hackers across the democratic world have exploited weaknesses in campaign email servers; probed electronic voting machines for vulnerabilities; set up troll farms to...

President Obrador's security plan disappoints civil society in Mexico

Emilio Godoy in Mexico City | 2018-12-04 00:00:00

Mexican President Andrés Manuel López Obrador, who took office on December 01, outlined his security plan on November 15. "Setback" and "disillusionment" were the terms used by Yolanda Morán, a mother whose son was the victim of forced disappearance, to...

G20 summit calls for WTO reform

Kamal Uddin Ahmed | 2018-12-04 00:00:00

The G20 two-day annual Summit (November 30 and December 01) held in Buenos Aires, Argentina is the 13th meeting of the group which is supposed to promote a liberal international economic order and ensure monetary and financial stability.But challenged by...

Climate change: Greenhouse gas levels at record high

Sarwar Md. Saifullah Khaled | 2018-12-04 00:00:00

The levels of greenhouse gases in the atmosphere, which are regarded as the main driver of climate change, have hit a new high. A warning from the United Nations (UN) on November 22, 2018 said that the time to act...

Show-cause notices to banks upset ABB

Siddique Islam | 2018-12-03 00:00:00

Top private bankers have urged the central bank to monitor both rates of the US dollar applicable to exporters and importers simultaneously to help stabilise the country's foreign exchange (forex) market.The leaders of the Association of Bankers, Bangladesh (ABB) have...

RHD to get new organogram soon

Munima Sultana | 2018-12-03 00:00:00

The Roads and Highways Department (RHD) is set to undergo a major reshuffle in its organogram to boost the lone highway developer in performance.The move has been made in the context of the growing demand for road infrastructure across the...

George H.W. Bush - the man who ended the cold war in a peaceful way

Habib Siddiqui from Philadelphia, USA | 2018-12-03 00:00:00

Former US President George Herbert Walker Bush died late Friday (November 30, 2018) in his home in Houston. He was 94. He was suffering from a form of Parkinson's disease. His wife of more than 70 years, Barbara Bush, died...

Streamlining taxes and duties

Md Joynal Abdin | 2018-12-03 00:00:00

Taxation is considered the principal source of government earnings. What the government earns through taxes is spent on multidimensional services like security, social safety, health care, roads and bridges, transport, education and other services. Therefore, governments usually emphasise on enlarging...

Diversification of crops

Neil Ray | 2018-12-03 00:00:00

One of the reasons why this country is earning esteem from the outside world is its buoyant economy. But the economy could have a firm footing only because of its success in agriculture output. Today farmers have proved their resourcefulness...

Rescheduling - the name of the game

Shamsul Huq Zahid | 2018-12-03 00:00:00

Global credit rating agency Moody's put the banking system of Bangladesh on negative list. This comes in contrast to the country's robust economic health. The worsening asset quality has led the agency to rate the Bangladeshi banks negatively. It blamed...

Price hike of raw materials hits cement companies' EPS

Mohammad Mufazzal | 2018-12-02 12:00:00

Price hike of raw materials has affected the cement manufacturers of the country, market insiders said.Because of increased production cost, the earning of most of the listed cement companies declined for 2018 compared to previous year.Of five local listed companies,...

NBR to review fiscal incentives offered to API industries

Doulot Akter Mala | 2018-12-02 00:00:00

Six months after the publication of the 'National Active Pharmaceutical Ingredients (API) and Laboratory Reagents Production and Export Policy by the Ministry of Commerce, the National Board of Revenue (NBR) has decided to review the tax benefits offered under it.NBR...

Macron illuminates European hypocrisies

John Lloyd | 2018-12-02 00:00:00

Emmanuel Macron is the largest political force in Europe today, but he is a force now hemmed in, constrained, trapped. The hurricane of his success last year - the defeat of the far-right Marine Le Pen, the sweeping assembly victory...

Motherhood space mission to take off

Nilratan Halder | 2018-12-01 12:00:00

Described as 'a small step for a baby but a giant baby-step for mankind', here is a proposed scientific venture, Mission Cradle, that has the ambitious objective of delivering a baby in space, just 250 miles above the Earth in...

Govt selects Singaporean firm to do partial job

Syful Islam | 2018-12-01 00:00:00

The government has primarily picked PSA Singapore from five global port giants to build and operate Bay Container Terminal in Chattogram, officials have said.Prime Minister Sheikh Hasina recently approved a proposal, forwarded by shipping ministry, to this end.The ministry has...

Equities sink back into the red

Babul Barman | 2018-12-01 00:00:00

Stocks returned to the red this week, as cautious investors sold off shares of major sectors to book profit.The last trading session of the week was held on Thursday. Market operators said most of the investors adopted a 'wait-and-see' approach...

Heavy school bags indicative of bad economics

Asjadul Kibria | 2018-12-01 00:00:00

Overloaded school bags become a serious problem for the school going children in the country. It is sad that almost no one seems to consider its long-term damaging effect on children. Although two years back the High Court ordered that...

Ills of biased cropping choices

Abdul Bayes | 2018-12-01 00:00:00

Decisions on the choice of crops to be grown depend on land under command, yield and market prices. Rational farmers can maximise profits by minimising constraints. Have farmers changed cropping pattern over time as they are increasingly facing a declining...

SMEs bring vigour to economies

Muhammad Abdul Mazid | 2018-12-01 00:00:00

Traditionally, small and medium-sized enterprises (SMEs) are known as the backbone of national economies and their vital significance for sustainable and viable economic development has never waned. This is amply demonstrated in the development pathways followed by three South Asian...

Beware of workplace demons!

K.M. Ali | 2018-12-01 00:00:00

Is your workplace infested with corporate cockroaches? Let me be a little straight. Is your workplace psychologically safe from the verbal bites of some crooked creatures? Have you ever experienced any discomfort within the hierarchy, especially at the top, due...

Politics, a poor man's spouse

Muhammad Zakiul Islam | 2018-12-01 00:00:00

Perhaps none of the words in the title needs any explanation except for the last one. ‘Bhouse’ is a bangla colloquial term widely used in rural Bangladesh. This means wife or spouse of an elder brother. The most refined form...

Fuel charge mooted to raise funds for road maintenance

Munima Sultana | 2018-11-30 00:00:00

The road maintenance authority has finalised a draft guideline of the 'road fund' with a provision of paying charge for fuel use.Fuel charge is one of the options mooted to increase funds for maintenance of the national road network.Officials said...

Dec net bank borrowing target likely to be Tk 22b

Siddique Islam | 2018-11-30 00:00:00

The government is set to fix the net bank borrowing target at Tk 22 billion for December to finance budget deficit partly ahead of the general election, officials said.It may take up to Tk 136 billion as gross borrowing from...