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Revenue sleuths to probe suspect LCs, invoices

Doulot Akter Mala | 2017-10-15 00:00:00

Revenue authorities may launch cent-percent physical inspection of the products in case of incomplete information in any suspect letter of credit (LC) or invoice. Officials said such full-scale Customs probe is conceived as part of government measures for checking alleged...

Signing FTAs with Latin American, African countries feasible: Studies

Munima Sultana | 2017-10-15 00:00:00

Signing free-trade agreements (FTAs) with some Latin American and African countries is more viable than with other countries which have already made proposals for inking such deals with Bangladesh, according to studies.Bangladesh Tariff Commission under the Ministry of Commerce (MoC)...

Drivers show apathy to use autorickshaw meters

Ismail Hossain | 2017-10-15 00:00:00

Fare meters of CNG-run autorickshaws have become useless as the drivers hardly switch those on and charge exorbitant fares at their will in the city and elsewhere across the country.The drivers of the autorickshaws refuse passengers to run the meters...

Globalisation: Clouds on the horizon, but also a silver lining

Anabel González in Washington, DC | 2017-10-15 00:00:00

One positive outcome of the trade tensions of recent years is a renewed interest in understanding how trade actually works, in terms of aggregate gains, distributional effects, adjustment costs, and other factors. Governments are increasingly looking for ways to mitigate...

Stocks witness ‘correction phase’

Babul Barman | 2017-10-14 00:00:00

Stocks suffered a major correction last week that ended Thursday as investors sold bank shares in a reaction to the Bangladesh Bank's latest punitive action against seven banks.The central bank probe found that some banks invested in stocks exceeding their...

Formulation of motorcycle policy on the cards

Rezaul Karim | 2017-10-14 00:00:00

The government has prepared the draft of a national policy for the motorcycle industry with a target to produce 1.0 million motorcycles and create 1.5 million jobs in the country by 2027, officials said."A draft policy styled national motorcycle industry...

Govt buying six Chinese cranes to help ease Ctg port congestion

Talha Bin Habib | 2017-10-14 00:00:00

The government will purchase six gantry cranes at a cost of over Tk 3.44 billion for the smooth handling of containers at Chittagong Port, officials said. Shanghai-Zenhua Industries Company Ltd of China will supply the cranes to the Chittagong Port...

Math, science in improving madrasa edn

Pamelia Khaled | 2017-10-14 00:00:00

Ibn al-Shatir, whom historian David King calls 'the most distinguished Muslim astronomer of the 14th century', is someone whose astronomical model is believed by historians to have been taken over by none other than Copernicus.Countries with a strong religious culture...

Nepalese bride and Bangladeshi bridegroom

Nilratan Halder | 2017-10-14 00:00:00

Marriages happen in heaven, they say. Or how else a carpenter with no education beyond literacy from Bangladesh can have a Nepalese girl as his spouse? For a Nepalese girl born and brought up in a home at Kathmandu suburb,...

Digital literacy for women in countryside

Saleh Akram | 2017-10-14 00:00:00

As internet continues to cover more areas of the country, the significance of digital education can hardly be overemphasised. Accordingly, digital literacy is being increasingly evaluated as a major tool for economic growth ever since the world was struck by...

Addressing income inequality

Abdul Bayes | 2017-10-14 00:00:00

While Bangladesh has done remarkably well in terms of some socio-economic indicators, she continues to grapple with rising gini ratio of income inequality. The celebrations of success conceal the cruel reality that poverty-stricken Kuril slum lies in the heart of...

Financial inclusion to boost low-income economy

Muhammad Abdul Mazid | 2017-10-14 00:00:00

Since the early 2000s, the term "financial inclusion" has gained importance as a result of findings about financial exclusion and its direct correlation with poverty. Microcredit as a concept and system has been an asymmetric evolution ahead of financial inclusion....

Half of BRTC's Daewoo buses now inoperative

Munima Sultana | 2017-10-13 00:00:00

Almost half of 255 buses, imported by Bangladesh Road Transport Corporation (BRTC) from Daewoo company of South Korea, have been lying inoperative for long.The situation has forced the state-owned bus operator to seek Korea's support for their repair and maintenance.Officials...

Opportunities at our private universities

S. M. Rayhanul Islam | 2017-10-13 00:00:00

Private Universities in Bangladesh: The Dynamics of Higher Education By Hafiz G. A. Siddiqi Published by Academic Press and Publishers Library, Dhaka, 2016 Pages 272, ISBN: 978-984-92427-6-5 Within the education system of a country, higher education plays the crucial role...

Planning for socio-economic progress

Helal Uddin Ahmed | 2017-10-13 00:00:00

Bangladesh has a long history of planning for socio-economic development, which dates back to the pre-independence era. As a sequel to its liberation war, the country inherited a devastated economy at birth. The nation was initially politically inclined towards socialism,...

Owning cars at others' cost

Shamsul Huq Zahid | 2017-10-13 00:00:00

The government seems to be quite generous when it comes to offering car loans to its high and mid-level public servants notwithstanding the fact it encounters tremendous difficulties in bankrolling its annual budgets. However, the government can afford this type...

Unprepared affiliation misfires

Nilratan Halder | 2017-10-13 00:00:00

A sit-in demonstration staged by students of the city's seven colleges affiliated with the University of Dhaka caused an intractable vehicular gridlock in the capital on Sunday last. With the blockade enforced at the Nilkhet intersection, the entire western part...

Product idea competition on JU campus

Shayla Mahzabeen Audity | 2017-10-12 12:00:00

'Supersign cables presents Prodex', a business competition, is going to be held on November 11, 2017. Forum of Entrepreneurship and Business, Jahangirnagar University is going to arrange this in its greenary campus.Prodex is an intense competition where the competitors have...

Move under way to provide car loans for deputy secretaries

Syful Islam | 2017-10-12 00:00:00

The Ministry of Public Administration (MoPA) has now sought an additional allocation of Tk 4.61 billion for providing interest-free car loan to deputy secretary-level government officials.It is in addition to the annual budgetary allocation of Tk 400 million which the...

Devising carbon tax measures in South Asia

Tanjim Islam | 2017-10-12 00:00:00

One of the biggest challenges of the twenty first century is climate change. In order to successfully tackle this challenge, all nations need to take sustainable actions in an integrated manner. Governments from all over came together in COP 21...

Awaiting an ideological breakthrough - innovating Marxism in localised form

Dilip Barua | 2017-10-12 00:00:00

The history of the Communist Party of China (CPC) is the history of movements of the workers and peasants of the Chinese society. In the 80 years between the Opium War of 1839 and the birth of the CPC in...

World Food Day theme: Change the future of migration

IPS World Desk from Rome | 2017-10-12 00:00:00

Large movements of people is one of the most complex challenges the world faces today. In recent years there has been a huge increase in the number of people migrating around the world. Why is this happening and do they...

The dynamics of growth projections

Asjadul Kibria | 2017-10-12 00:00:00

Two leading multilateral lending agencies have released their projections on the growth rate of Bangladesh economy for the ongoing fiscal year (FY18). Their projections were released at the end of last month as part of their observations on the global...

SoCBs’ outstanding loans rise further

Syful Islam | 2017-10-11 00:00:00

Both outstanding and classified loans of state-owned enterprises (SoEs) to five state-owned commercial banks (SoCBs) are on the rise again due to delay in making repayments, officials said. Many of these SoEs fail to pay back loans to the SoCBs...

Management accountancy in capital market

Akramul Alam | 2017-10-11 00:00:00

Capital market deals with long-term funds where risks are constant companions of general and institutional investors. To guard against risks we take many active and passive measures through diversification and external & internal hedging techniques. Managing risks is the responsibility...

Is Africa still rising?

Brahima S. Coulibaly in Washinton, DC | 2017-10-11 00:00:00

Between 2000 and 2014, Africa grew at a strong clip, fuelling belief in the narrative of an "Africa rising." But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt on Africa's...

Increasing trend of farm mechanisation

Abdul Bayes | 2017-10-10 12:00:00

A group of researchers from the Dhaka office of the Washington-based International Food Policy Research Institute (IFPRI) - Akhter Ahmed, Latiful Haque, Aminul Islam, Farha Sufian, and Salauddin Tauseef - analysed agricultural performance of Bangladesh based on a panel data...

Govt won’t supply ECR to businesses

Doulot Akter Mala | 2017-10-10 00:00:00

The government backtracked on its decision to supply Electronic Cash Register (ECR) to businesses to avert an after-sales obligation, officials said. On an afterthought, the authorities found out that after-sales service would be required to operate the device for financial...

Sponsor-directors go for more bank shares ahead of change in law

Mohammad Mufazzal | 2017-10-10 00:00:00

The country's capital market has become mostly dependent on the banking sector in recent times mainly due to increased participation in transactions of banks' shares by the sponsor-directors, according to stock brokers and market insiders. The banking sector contributed up...

Economy faces downside risks

Siddique Islam | 2017-10-10 00:00:00

Country's economy faces some downside risks in the near term predominantly for an upturn in inflation, says a quarterly review by the central bank.The latest Bangladesh Bank Quarterly (BBQ) outlook on the country's economic situation for April-June 2017 carries the...