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Recast ahead as distortions hit VAT system

DOULOT AKTER MALA | 2022-03-30 00:00:00

Distortions like advance tax, tax on tax, specific VAT, VAT deducted at source and patchy refund mechanism jumbled up to deviate an ideal taxation system called value-added tax in Bangladesh, prompting a rethink.Proper VAT structure must have refund system in...

JRP 2022 seeks $841m for Rohingya

FE REPORT | 2022-03-30 00:00:00

The 5th Joint Response Plan (JRP) 2022, launched on Tuesday, seeks US$841 million to support approximately 1.4 million people, including over 918,000 Rohingya refugees in Cox's Bazar and Bhasan Char and around 540,000 Bangladeshis in neighbouring communities.This year, for the...

Poorest lose 97.17pc of income to calamities

FE REPORT | 2022-03-30 00:00:00

Some 97.17 per cent of total income of the poorest people in the disaster-prone areas in Bangladesh is lost for damages - caused by the natural calamities, official data showed.The loss is 10 times higher than that of the rich...

Dhaka commuters to ride 238km subway

FE REPORT | 2022-03-30 00:00:00

Vexed Dhaka commuters may now hope to get a 238-kilometre subway as a foreign-sponsored study finds the project viable and a design is already done.The latest developments on the transport front were rolled out at a stakeholder seminar Tuesday in...

Weather (2022-03-30)

2022-03-30 00:00:00

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at a few places over Sylhet division and at one or two places over Rangpur, Dhaka, Khulna, Mymensingh, Barishal and Chattogram divisions in the next 24-hour from 06:00 am...

Bashundhara asked to explain

FE REPORT | 2022-03-30 00:00:00

A government agency on Tuesday wrote to Bashundhara Group to explain the reason of reduced supply of edible oil in the market in March, officials said.The Directorate of National Consumer Rights Protection (DNCRP) has asked the chairman/managing director of the...

Renowned teachers not keen to become VCs: Dipu Moni

2022-03-30 00:00:00

Many renowned academics are not interested in becoming vice-chancellors of universities of the country, said Education Minister Dipu Moni on Tuesday, reports UNB."We have very good teachers whom we would be proud to have as vice-chancellors. But many of them...

DUJA gets new committee -

DU Correspondent | 2022-03-30 00:00:00

Mamun Tusher of Daily Alokito Bangladesh and Sirazul Islam Rubel of the Daily Star have been elected as president and general secretary respectively of Dhaka University Journalists' Association (DUJA) for the next one year.The election to DUJA was held at...

Experts suggest climate-smart PPP projects

FE REPORT | 2022-03-30 00:00:00

The public-private partnership (PPP) can play a significant role in addressing climate vulnerability in Bangladesh through utilising resources with innovation and technical solutions.Speakers at a seminar say PPP is one of the most feasible financing options to reduce financing gaps...

2nd convocation of SU held

Our Correspondent | 2022-03-30 00:00:00

Chattogram, Mar 29: The second convocation of Southern University (SU) was held at Arefin Nagar at Baizid Bostami in the port city on Sunday. Deputy Minister for Education Barrister Muhibul Hasan Chowdhury, MP presided over the convocation as the chief...

Sheikh Russell Cantonment

2022-03-30 00:00:00

Prime Minister Sheikh Hasina offering Munajat after inaugurating the Sheikh Russell Cantonment at Jazeera in Shariatpur virtually on Tuesday — PID

Bus route franchise in Dhaka not workable yet

MUNIMA SULTANA | 2022-03-30 00:00:00

The authorities concerned are still struggling to make the bus route franchise (BRF) system workable in Dhaka city due to failure to convince bus operators to abide by compliances.Insiders said Dhaka Transport Coordination Authority (DTCA) and two Dhaka city corporations...

JS passes bill to set up science and tech univ in Pirojpur

2022-03-30 00:00:00

Jatiya Sangsad (JS) on Tuesday passed a bill which seeks to establish Bangabandhu Sheikh Mujibur Rahman Science and Technology University in Pirojpur, reports UNB.Education Minister Dr Dipu Moni introduced the Bangabandhu Sheikh Mujibur Rahman Science and Technology University Pirojpur Bill,...

ACC questions ex-BB officials SK Sur,Shah Alam over loan scam

2022-03-30 00:00:00

Former deputy governor of Bangladesh Bank SK Sur Chowdhury and Executive Director Shah Alam are being questioned by the Anti-Corruption Commission (ACC) over a loan scandal involving the International Leasing and Financial Services Ltd (ILFSL), reports bdnews24.comThey reached the ACC...

Shohel Haider Chowdhury (left) and Aktar Hossain (right)

2022-03-30 00:00:00

Shohel Haider Chowdhury (left) and Aktar Hossain (right) have been elected president and general secretary of a faction of Dhaka Union of Journalists (DUJ) respectively. The DUJ polls were held at the Jatiya Press Club in the city on Tuesday

'Price Spiral of Essential Commodities, Mass Sufferings'

2022-03-30 00:00:00

Sushashoner Jonno Nagorik (Shujan) Secretary Badiul Alam Majumdar and Nagorik Oikya Convener Mahmudur Rahman Manna, among others, at a discussion on 'Price Spiral of Essential Commodities, Mass Sufferings' at the National Press Club in the city on Tuesday — Focus...

CTO Forum working to boost linkage between academia, industry

FE Report | 2022-03-30 00:00:00

Speakers at an event on Tuesday said the CTO Forum is working to strengthen the linkage between academia and industry by encouraging the next generation to solve ICT industrial problems.They said this at the event on innovation hackathon for students...

RAB quiz wife of slain AL leader Tipu

2022-03-30 00:00:00

The Rapid Action Battalion (AB) have interrogated Farhana Islam Dolly, the wife of Awami League leader Jahidul Islam Tipu, who was shot dead in the city's Shahjahanpur on Tuesday, reports bdnews24.com.The elite force took Dolly, a Dhaka South City Corporation...

Obaidul Quader speaking at a seminar -

2022-03-30 00:00:00

Road Transport and Bridges Minister Obaidul Quader speaking at a seminar on 'eliciting opinion on final draft of the project on feasibility study and preliminary design for construction of Dhaka Subway' at a city hotel on Tuesday — Focus Bangla

BNP's uneasiness soars as prices of essentials fall

2022-03-30 00:00:00

CHATTOGRAM, Mar 29 (BSS): Information and Broadcasting Minister Dr Hasan Mahmud said on Tuesday Bangabandhu's daughter Prime Minister Sheikh Hasina has given 10 million family cards through TCB for selling essential commodities at low prices. Ten million family cards mean...

Chattogram Branch Council of ICMAB organised orientation programme

2022-03-30 00:00:00

The Chattogram Branch Council (CBC) of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised an orientation programme for newly admitted students, a reception programme for National Council Office-Bearers-2022 and newly qualified CMAs, and a discussion on 'Professional...

Yamaha's new 3s dealer showroom 'Green Motors' inaugurated

2022-03-30 00:00:00

Yamaha's new 3s dealer showroom 'Green Motors' was inaugurated at House 10, Road 6, Section 12, Uttara, in Dhaka recently. Subrata Ranjan Das, Executive Director of ACI Motors, the sole distributor and technical collaborated partner of Yamaha in Bangladesh, was...

BKB and Palli Daridro Bimochon Foundation signed MoU on banking services

2022-03-30 00:00:00

Bangladesh Krishi Bank (BKB) and Palli Daridro Bimochon Foundation (PDBF) signed an MoU on banking services at the Board Room of PDBF. BKB Managing Director Md Ismail Hossain and PDBF Managing Director Muhammad Maududur Rashid Safdar were present at the...

Asian markets extend gains

2022-03-30 00:00:00

HONG KONG, Mar 29 (AFP): Equities mostly rose Tuesday in Asia on optimism over talks between Ukraine and Russia aimed at ending their month-long war, while there was further support from another drop in oil prices.While the conflict in eastern...

TEL Plastics launched `Environmental Development Fund'

2022-03-30 00:00:00

TEL Plastics, a brand of RFL Group, has launched `Environmental Development Fund' for the development of environment. Habibun Nahar, Deputy Minister for Environment, Forest and Climate Change, inaugurated the fund at a city hotel on Tuesday. Minimum Tk two will...

Premier Bank inaugurated two new branches

2022-03-30 00:00:00

Premier Bank Limited inaugurated two new branches recently at Uttara, Dhaka and Gouripur, Comilla. M Reazul Karim, FCMA, Managing Director and CEO of the Bank, attended the inaugural ceremony as the chief guest at Isha Kha Avenue branch in Uttara.

Mercantile Bank signed agreement with Chartered Life Insurance

2022-03-30 00:00:00

Mercantile Bank Limited signed an agreement with Chartered Life Insurance Company Limited on Monday at the bank's Head Office, Dhaka. Md. Quamrul Islam Chowdhury, Managing Director & CEO of Mercantile Bank, and S M Ziaul Hoque, FLMI, CEO of Chartered...

News Briefs (2022-03-30)

2022-03-30 00:00:00

Disbursement of dividend Rangpur Dairy & Food Products Ltd: The bonus shares of the company for the year ended on June 30, 2021 have already been credited through CDBL to the respective shareholders' BO accounts on March 28, 2022.Marico Bangladesh...

Dhaka, Kathmandu eye broader cooperation in major areas

2022-03-30 00:00:00

Colombo, Mar 29 (UNB): Bangladesh and Nepal have underlined the necessity of intensifying the bilateral relations including exchange of high level visits as the two countries are celebrating the 50th anniversary of diplomatic relations.Foreign Minister AK Abdul Momen had a...

Dhaka, Colombo for early conclusion of PTA to foster trade

2022-03-30 00:00:00

Colombo, Mar 29 (UNB): Bangladesh and Sri Lanka have laid emphasis on early conclusion of the Preferential Trade Agreement (PTA) with a hope that it will "widen" the bilateral trade significantly between the two South Asian countries. Foreign Minister AK...