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Agro-processing industries—the brightest prospect for development

Hasnat Abdul Hye | 2016-09-11 00:00:00

The growth of gross national product (GDP) is important for increase in national output, income and last but not least, for employment generation. In this equation employment generation has a pivotal place. Without employment of people national output and income...

Supply aplenty, price quote prohibitive

Jubair Hasan and Talha Bin Habib | 2016-09-10 00:00:00

Transactions in the capital's cattle markets did not pick up Friday as sellers were asking higher prices for sacrificial animals despite satisfactory supply. Although many city-dwellers massed at 24 cattle markets across the city on the first day of the...

12 more essentials on target for licensing

Rezaul Karim | 2016-09-10 00:00:00

The government is set to make it mandatory for traders to take trade licences for 12 essential commodities aiming to help boost its revenue and prevent syndication, officials said. The items include paper and paper products, various products made of...

PMO for allowing three neighbours to use Mongla

Syful Islam | 2016-09-10 00:00:00

The Prime Minister's Office (PMO) has asked the ministry of shipping (MoS) to take necessary steps for providing transit facilities to India, Nepal and Bhutan to use Mongla port, official said. Prime Minister's economic affairs adviser Dr Mashiur Rahman conveyed...

Admission war toughens as univs to enrol only 6.0pc

Mohammad Wazed Ali | 2016-09-10 00:00:00

An increased success rate in the higher secondary school certificate (HSC) and equivalent examinations has widened further the gap between the existing number of seats and admission seekers, thus creating a big challenge for students vying for higher study.   Only...

Stocks break two-week losing spell

Babul Barman | 2016-09-10 00:00:00

Stocks returned to green last week that ended Thursday, snapping a two weeks losing spell, as optimistic investors took position on some large-cap stocks, the last week before 9-day Eid vacation. Analysts said the market returned to green after two...

Cattle fattening

Md Maqsudul Hassan Howlader | 2016-09-10 00:00:00

Cattle fattening is the process of improving the health condition of the food animals, mostly en and bulls in a scientific way by ensuring their proper health care, providing quality feed, controlling fatal diseases through vaccination, using anthelmintics for de-worming...

Waging war on polythene

Nilratan Halder | 2016-09-10 00:00:00

When a factory is gutted, it is certainly a loss to its owner and by extension to the nation. But not all burnt down factories cause national losses. For example, if a clandestine arms factory or a deadly alcohol or...

SAP software now a leap forward for Digital Bangladesh

Md. Shafiqul Alam | 2016-09-10 00:00:00

The 21st Century business world demands better corporate culture, corporate governance, standard reporting, strong internal control, efficiency, KPI-based performance, quality, growth and expansion etc. Business automation through enterprise resource planning (ERP) acts as synergy to fulfill these objectives and helps...

Beware of de facto powerful position with low de jure status

Raghuram Rajan, the former governor of the Reserve Bank of India, concluding a three-part discourse on 'The Independence of the Central Bank' | 2016-09-10 00:00:00

When the responsibilities of the Reserve Bank of India (RBI) are fuzzy, its actions can continuously be questioned. Instead, if the constitutional authorities outline a framework for the responsibilities of the RBI, it can take actions consistent with those responsibilities...

Mideast war fuels refugee problem, exposes weaknesses of immigration policies

Sayed Kamaluddin | 2016-09-10 00:00:00

As a natural corollary of the long-drawn multiple wars in the Middle East, millions of people from the war-ravaged region have been fleeing in search of a safer place to live. While most of them are being said to be...

The nexus between agriculture and nutrition

Abdul Bayes | 2016-09-10 00:00:00

'Availability of food' and 'Access to food' have always been subjects of discussion on food security. It took a long time to grasp that the former does not necessarily imply the latter. However, the belated realisation is what matters most...

Leadership icons of a globalised world

Harold James in Princeton | 2016-09-10 00:00:00

In today's global culture, where simple models help make sense of so much complexity, German Chancellor Angela Merkel and Russian President Vladimir Putin embody opposing archetypes of national leadership. Like others before them, such icons often have a foil -...

NBR set to waive VAT on OMS dealers\' commission

Doulot Akter Mala | 2016-09-09 00:00:00

The National Board of Revenue (NBR) is set to waive Value Added Tax (VAT) on dealers' commission in a bid to ensure smooth operation of open market sale (OMS) of essentials to the poor at reduced prices. The Board has...

BR moves to overhaul its age-old coaches

Munima Sultana | 2016-09-09 00:00:00

The Bangladesh Railway (BR) has taken a move to repair its several hundred age-old coaches and add them to its fleet aiming at improving pro-people service. As a part of the move, sources said, the state-owned agency has already taken...

Millers to cut salt price by Tk 2

Talha Bin Habib | 2016-09-09 00:00:00

Millers at a meeting on Thursday decided to sell salt at Tk 38 per kilogram (kg) instead of Tk 40 at retail level following the government directives, sources said.   The new price chart will come into effect soon. And the...

Total turnover on call-money market crosses Tk 70b-mark

Siddique Islam | 2016-09-09 00:00:00

Total turnover on the call-money market crossed Tk 70 billion-mark Thursday, the last working day before the Eid-ul-Azha festival, while the rate was almost stable, officials said. The total turnover on the call-money market increased by more than 8.0 per...

Not a rags-to-riches story

Nilratan Halder | 2016-09-09 00:00:00

A RAJUK (Rajdhani Unnayan Kartripakkha) messenger known here as a peon has been charged by the Anti-corruption Commission (ACC) for possessing wealth beyond his known sources of income. Of the Tk 25.3 million (2.53 crore) worth total asset, Mobarak Hossain...

Credits to pvt sector see crunch in July

Siddique Islam | 2016-09-08 00:00:00

Private-sector credit growth tumbled in July after a continuous increase in last10 months, said officials, who saw the crunch as a seasonal phenomenon. The growth in credit flow to private sector declined to 15.97 per cent in July 2016 on...

BSEC seeks \'specific instruction\' from NBR

Mohammad Mufazzal | 2016-09-08 00:00:00

The securities' regulator has sought 'specific instruction' from the revenue board on deduction of tax at source from unit holders during liquidation of mutual funds (MFs) for the sake of MF industry.  "A specific instruction is required for deducting tax...

Dhaka eager to sign FTA, coastal shipping deal with Colombo

Syful Islam | 2016-09-08 00:00:00

Bangladesh is eager to sign a free trade agreement (FTA) and a coastal shipping deal with Sri Lanka and wants these to be finalised during the visit of the president of the island nation by the end of this year,...

Opportunities for Bangladeshi students in New Zealand

Mohammad Tofazzal Alam | 2016-09-08 00:00:00

With quality education, low cost of living and a welcoming environment, New Zealand poses as a great destination for Bangladeshi students. Every year Bangladeshi students fight for getting into a university in UK, US or Canada  where they face intense...

Aviato from IBA, DU conquered BizAcumen\'16

Md. Abdul Monayem Asif | 2016-09-08 00:00:00

The grand finale of BizAcumen'16 was held on 3rd September 2016 in Bangabandhu Conference Hall, World Trade Centre, Chittagong. BizAcumen'16 is an inter-university business case solving competition organised by Society for Leadership Proliferation (SLP) which is the student organisation of...

Payra Sea Port will facilitate regional connectivity

Altap Hossain | 2016-09-08 00:00:00

The Payra Sea Port began providing limited services from August 13 last following its inauguration by Prime Minister Sheikh Hasina. Full-fledged function of the port is scheduled to begin from 2018. The government has a plan to develop it into...

The need for macroeconomic stability

Raghuram Rajan, the former governor of the Reserve Bank of India, in the second of a three-part discourse on 'The Independence of the Central Bank' | 2016-09-08 00:00:00

Growth is good, but growth with stability is better, especially in a poor country where so many people live at the margin. For the Reserve Bank of India (RBI), it means ensuring growth does not exceed our potential, adopting prudential...

Errant SoEs under a protective owner

Shamsul Huq Zahid | 2016-09-07 00:00:00

Offloading of state-owned enterprises' shares for public subscription seems to be a seasonal issue. It was found to be a hotly discussed subject when the market too was 'hot' or buoyant. And the market now being at low ebb, any...

Linking N plant with ports to cost Tk 3.3b

Munima Sultana | 2016-09-07 00:00:00

An enhanced cost of Tk 3.3 billion has been estimated to develop rail links between the multibillion-dollar Rooppur Nuclear Power Plant and two seaports, officials said. The railways will be used for carrying the project's equipment and raw materials to...

BB buys $60m more from three banks

Siddique Islam | 2016-09-07 00:00:00

The central bank purchased US$60 million more from three commercial banks on Tuesday ahead of the Eid-ul-Azha in an attempt to keep the inter-bank foreign exchange market stable, officials said. "We've bought the US dollar from the banks directly to...

VAT waiver proposal for kilns goes unheeded

Doulot Akter Mala | 2016-09-07 00:00:00

Government's revenue authority has rejected a proposal for waiving value added tax (VAT) for brick industry in the country's backwoods north on ground of acute energy crisis in the region. Officials said HN Ashiqur Rahman, Member of Parliament (MP) from...

US election: Trump continues to play racist card

M. Serajul Islam from Maryland, USA | 2016-09-07 00:00:00

Donald Trump had entered the race for the Republican Party's ticket by making the case of the 11 million illegal immigrants in the country that are largely Hispanics the signature of his campaign. On the campaign trail, he called the...