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Foreign workers, remittance and tax

Shamsul Huq Zahid | 2017-10-06 00:00:00

At long last, the tax revenue authority has decided to do something about the alleged tax evasion by foreign workers.The National Board of Revenue has reportedly asked a number of companies to put their respective foreign workers on the payrolls...

Gender-biased SME credit

Nilratan Halder | 2017-10-06 00:00:00

Is small and medium enterprise (SME) credit discriminatory against women? Its gender biasness is reflected in the disbursement of such credit. Women entrepreneurs hardly get this type of loan according to their demand. In the first six months of the...

The chimera of Franco-German reform

Hans-Helmut Kotz | 2017-10-06 00:00:00

An abiding truth in the United States is that all politics is local. Apparently, the same wisdom can be applied (to some extent) to the European Union, whose agenda ultimately depends on key member states' national politics.This is particularly true...

Empowerment of women through ICT

Sadia Alam | 2017-10-05 00:00:00

'Women in ICT' is a platform to develop women leaders in the technology sector of Bangladesh. This initiative was taken by LightCastle Partners with support from the Edward M. Kennedy Center (EMK Centre) to empower women in technology. It is...

A platform for young entrepreneurs

Md Shajedul Hasan | 2017-10-05 00:00:00

After the success of Millennium Development Goals, global leaders adopted 17 Sustainable Development Goals (SDGs) to eliminate all types of global problems from this world. These goals will address problems like health, education, social security and job opportunities and also...

Faster move on BD-China FTA

Rezaul Karim | 2017-10-05 00:00:00

A joint feasibility study on a bilateral free-trade area (FTA) between Bangladesh and China may begin shortly under a move to enhance the two-way trade.Officials said the first meeting on the feasibility study is proposed to be held in Beijing...

City doctors' tax payment grows 30pc last fiscal year

Doulot Akter Mala | 2017-10-05 00:00:00

Tax payment by the city's physicians grew 30 per cent in the fiscal year (FY) 2016-17 as compared to the previous FY, thanks to their increased income and motivational campaign by the taxmen.Submission of income tax returns by them also...

Controversies over the pricing of electricity

Saleh Ahmed and Tasmiah Nuhiya Ahmed | 2017-10-05 00:00:00

The issue that has been at the centre of discussions on electricity in recent weeks is the proposal of the Dhaka Power Distribution Company Limited (DPDC) to increase its price. The proposal was placed before the Bangladesh Energy Regulatory Commission...

Saudi women win the right to drive

Maswood Alam Khan | 2017-10-05 00:00:00

'In an extraordinary display of civil disobedience, women in Saudi Arabia on October 26, 2013 defied their nation's de facto ban on women driving by getting behind the steering wheel. After a campaign for change gathered pace on social media,...

Interest rates on bank deposits increase

Siddique Islam | 2017-10-04 00:00:00

Interest rates on bank deposits increased further following higher credit growth particularly in private sector, officials said, citing latest disclosure.The weighted average interest rate on deposits rose to 4.93 per cent in August 2017 from 4.89 percent in July, according...

Commercial launch of metro rail likely to miss schedule

Munima Sultana | 2017-10-04 00:00:00

Some problems, including the ones in the bidding process, are likely cause substantial delays in launching of the much-publicised metro rail.Project sources said commercial launching of mass rapid transit line-6 (MRT-6) will not be possible by the end of 2019...

Foreign funds in stocks up 202pc in 9 months

Babul Barman | 2017-10-04 00:00:00

Net foreign investments in stocks jumped 202 per cent year-on-year in the first nine months of 2017 as overseas investors poured more funds into the Bangladesh stockmarket.Positive macroeconomic indicators and a stable political scenario boosted the foreign investors' confidence to...

Public health at risk as noise goes beyond limit

Sarwar Md. Saifullah Khaled | 2017-10-04 00:00:00

A new survey report of the Department of Environment (DoE) reveals that, putting the public health at risk, noise pollution, known in other words as sound pollution, has turned acute in the capital city of Dhaka. It is found that...

Impact of India, Pakistan joining the SCO

Sayed Kamaluddin | 2017-10-04 00:00:00

Earlier in June this year when India and Pakistan were admitted as full members of the Shanghai Cooperation Organisation (SCO) at the Astana, (Kazakhstan) summit, many eyebrows were raised if the group's cohesiveness would remain unaffected. The reason for this...

Sept remittance hits 84-month low

Siddique Islam | 2017-10-03 00:00:00

The inflow of remittance in September this year registered US$853.73 million, which was lowest in seven years.It was around $838 million in September 2010, according to the central bank figures. The remittance fell by $564.85 million or more than 39...

APTA moves to make vast market

Syful Islam | 2017-10-03 00:00:00

A number of recent decisions are expected to give a nudge to the Asia-Pacific Trade Agreement (APTA) to help create a vast market with tariff concessions for many products, officials said.A standing-committee meeting on APTA, held late last week in...

Hunt for tax-evading foreign workers after October 15

Doulot Akter Mala | 2017-10-03 00:00:00

Checking payroll status of foreign workers appointed in Bangladesh begins October 15, the deadline set by government's revenue authority, with a provision of spot penalty for tax-evasion. Officials said the National Board of Revenue (NBR) had issued the ultimatum to...

Success story of widow's hard work in poultry farming in Rangpur

Sayed Mofidul Babu | 2017-10-03 00:00:00

RANGPUR, Oct 02: Mariam Begum is an example of how a helpless woman can be successful by dint of hard work and devotion. She has brought significant change in her socio-economic condition by poultry farming.She is now an inspiration to...

Where do 50 million tonnes a year of toxic e-waste go?

Baher Kamal in Rome | 2017-10-03 00:00:00

e-waste is one of the fastest growing waste streams in developed as well as in developing countries. — Photo credit: UNEP Each year, the electronics industry generates up to 41 million tonnes of e-waste, but as the number of consumers...

Exorbitant MFS charges create impediments to attaining financial inclusion goal

Nurul Kabir | 2017-10-03 00:00:00

More than 32 million people, mostly unbanked and living in rural areas, are making formal transactions through mobile financial services (MFS) or, what we call, in general, mobile banking. They are charged around 1.85 per cent for each transactions. This...

On rice price

Syed Jamaluddin | 2017-10-03 00:00:00

The government has taken a number of initiatives for bringing down the price of rice and the traders have made promises to act accordingly. Although the price has declined at import and wholesale levels, it has not declined proportionately at...

Ultra-poor and nutrition

Abdul Bayes | 2017-10-03 00:00:00

The socio-economic impacts of ultra-poor progarmmes - such as those initiated in Bangladesh and elsewhere - are available in empirical tests. The innovative scheme, as many readers are aware, is just not an asset transfer to the poor. It combines...

President Obama's legacy survives another scare

M. Serajul Islam | 2017-10-03 00:00:00

For the fourth time, the Republican Senators have failed to deliver to President Donald Trump something he wanted desperately to fulfill a promise he had made to his base of white racist Americans during the presidential election. It was also...

Europe's battle on four fronts

Anatole Kaletsky in London | 2017-10-03 00:00:00

With Germany's election over, Europe has reached the end of a season of continuous political upsets. It is now time for actions that adequately respond to the upheavals created by all these votes.Frans Timmermans, the European Commission's first vice president,...

Most services firms non-compliant

Doulot Akter Mala | 2017-10-01 00:00:00

A spot survey finds some 90 per cent service-providing businesses non- compliant with the legal requirement for mandatory display of TIN certificates in front of their premises.And around 10 to 15 per cent of the businesses run without obtaining TIN...

Small vehicles occupy 27pc of road space in Ctg city

Munima Sultana | 2017-10-01 00:00:00

Domination of small passenger vehicles has been identified as one of the major causes for growing traffic congestion in Chittagong city, a study has revealed.According to the study, 71 per cent of 5.9 million trips generated per day in the...

Some listed companies see rise in foreign stakes

Mohammad Mufazzal | 2017-10-01 00:00:00

The amount of the foreign stakes at some listed companies rose between 0.14 per cent and 34.83 per cent held by general shareholders during December, 2016 to August 31, 2017.The listed companies which witnessed rise in foreign stakes are IDLC...

Erdogan sees Israel's hand in Iraqi Kurdistan vote

Fulya Ozerkan of AFP in Istanbul | 2017-10-01 00:00:00

Turkish President Recep Tayyip Erdogan said Saturday that Israel's Mossad intelligence agency played a role in Iraqi Kurdistan's independence vote, proved by the waving of Israeli flags during celebrations of the overwhelming "yes' vote.Ankara fiercely opposed the referendum and has...

Woes of millions of poor customers with extremely high MFS charges

Nurul Kabir | 2017-10-01 00:00:00

More than 32 million people, mostly unbanked and living in rural areas, are making formal transactions through mobile financial services (MFS) or what we call, in general, mobile banking. This has contributed to reducing the level of poverty by more...

Innovative application of Marxism

Dilip Barua | 2017-10-01 00:00:00

The International Department of the Central Committee of Communist Party of China recently organised a workshop on 'Theoretical Innovations and Localization of Marxism'. Such a dialogue between the Communist Party of China (CPC) and the South Asian left-wing parties is...