Mohammad Mufazzal | 2016-06-21 00:00:00
Deducting tax at source from unit-holders' absolute income from liquidated closed-end mutual funds (MFs) got caught in an impasse as the revenue authorities took the face value of the units as cost price in taxing, sources said. The Large Taxpayers...
M A Taslim | 2016-06-21 00:00:00
Apparently it was an impeccable scheme; the government would announce a near doubling of the salaries for all government employees. The latter, who had been smarting from an incessant rise in prices, would greatly appreciate the generosity of the government,...
Talha Bin Habib | 2016-06-21 00:00:00
The value of greenfield (GF) foreign direct investment (FDI) in the country jumped almost double following a spur although the number of announced projects declined. According to available figures, greenfield foreign investment in Bangladesh found a surge last year mainly...
Doulot Akter Mala | 2016-06-21 00:00:00
Many private companies, banks and non-bank financial institutions began deducting higher tax from their employees' salaries in a preemptive application of a fiscal law. Sources said the taxed service-holders resented such extra financial burden on them ahead of Eid festival...
Devesh Kapur in Philadelphia | 2016-06-21 00:00:00
The decision by the widely respected economist Raghuram Rajan not to seek a second term as Governor of the Reserve Bank of India (RBI, the central bank) is likely to roil India's financial markets, which regarded him as a critical...
Siddique Islam | 2016-06-21 00:00:00
The volume of classified loans in the industrial sector increased by nearly 25 per cent in nine months of this fiscal year (FY) up to March last because of slower recovery drives by banks and financial institutions, officials said. The...
Abdul Alim | 2016-06-21 00:00:00
The only problem that has challenged the very existence of manpower export of the country today is wanton application of Anti-Human Trafficking Act on recruiting agencies. The indiscriminate and unwarranted arrests of recruiting agents beyond the applicable jurisdiction of offences...
M. Serajul Islam from Maryland, USA | 2016-06-21 00:00:00
For many reasons, the post-Orlando massacre developments in the United States have been different from previous acts of terror in the country involving Muslims. The massacre by Omar Mateen, 29, was the worst in US history when he alone gunned...
Abdul Bayes | 2016-06-21 00:00:00
A picture of the rate of adoption of modern varieties (MVs) of paddy could be gleaned from the data of the Bangladesh Bureau of Statistics (BBS) that shows the long-term information on land under MVs. But release of a new...
Imtiaz A. Hussain in the sixth article of a nine-part "Second-string sector survey" series | 2016-06-21 00:00:00
Cement connects. When Bangladesh's cement industry evolved from the early 1990s, it was part and parcel of a construction boom, in turn reflecting a surging real estate sector. Invigorating some of these backward linkages were obvious forward linkages: every finished...
Syful Islam | 2016-06-20 00:00:00
The government is working to float two diaspora bonds for channelling remittances from non-resident Bangladeshis (NRBs) into productive investments, officials said, as much of their hard-earned money goes for subsistence uses. Of the couple of bonds, one is meant for...
Rezaul Karim | 2016-06-20 00:00:00
Commercial banks are expanding their networks to rural and semi-urban areas to cover unbanked multitudes, many of whom hold much disposable money and do nonfarm vocations. Officials said the scheduled banks, both private and state-owned, are spreading their wings over...
Munima Sultana | 2016-06-20 00:00:00
The Ministry of Railway has taken a decision to close down three projects as it has got no assurance from development partners about its funding. The World Bank (WB) and the Indian government under its line of credit (LoC) withdrew...
Zeenat Khan from Maryland, USA | 2016-06-20 00:00:00
Since the establishment of the People's Republic of China in 1949, Communist China has discouraged religious practices. They had inherited the anti-religious stance taken by Communists in showing contempt for all religious beliefs. Religion is considered an enemy of socialism...
Jamaluddin Ahmed concluding his three-part article dealing with transparency and democratic accountability of central bank | 2016-06-20 00:00:00
It is fair to note that most citizens care little for monetary policy. The average citizen typically does not understand monetary policy, and they make little effort to grasp what they perceive as an arcane world which speaks mostly unintelligible...
Neil Ray | 2016-06-20 00:00:00
Trump, triumph and the tramp -either of the three words can be a representative epithet for Donald Trump, the Republican candidate for the next presidential race in the United States of America. Trump in cards game carries the highest value....
Shamsul Huq Zahid | 2016-06-20 00:00:00
The government's savings instruments, lately, have been provoking debates. Bankers and a section of economists are finding those as instruments of market distortion because of their 'high' yield rates. A few have gone far enough to question the justification of...
Rasel Ahmed | 2016-06-20 00:00:00
Monpura is one of the remotest and darkest islands of the country situated in Bhola. The island is very popular among the local travellers for its panoramic natural beauty. More than 50 thousand inhabitants are living in the island. But...
Doulot Akter Mala and Siddique Islam | 2016-06-19 00:00:00
The information available with the country's commercial banks about their depositors has remained unexplored by the National Board of Revenue (NBR) which is tasked to increase the number of productive tax returns without any pause, circles concerned have said. Although...
Munima Sultana | 2016-06-19 00:00:00
The Chinese Government may finance three fresh friendship bridges in Bangladesh, meant for establishing road connectivity with the country's southern districts. Officials said the Chinese government has selected the three bridge-construction projects proposed by the Bangladesh government to find the...
Rezaul Karim | 2016-06-19 00:00:00
Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, is likely to give guarantee for US$ 80 million loan from a foreign bank for North-West Power Generation Company Limited (NWPGCL) to set up Sirajganj 220-megawatt plant (unit...
Masum Billah | 2016-06-19 00:00:00
Facebook has been developed as a special tool for social media to stay connected with friends and families across the world. The users can communicate with lots of people at one time, can send or post notices about news or...
Jamaluddin Ahmed in the second of a three-part article dealing with transparency and democratic accountability of central bank | 2016-06-19 00:00:00
The persistence of currency pegs through much of the 20th century and the tendency to regard as aberrant and exceptional periods when those pegs were in abeyance are one way of understanding why there was not more intense pressure for...
Anatole Kaletsky in London | 2016-06-19 00:00:00
The febrile behaviour of financial markets ahead of the United Kingdom's referendum on June 23 on whether to remain in the European Union (EU) shows that the outcome will influence economic and political conditions around the world far more profoundly...
Md Nurul Islam Sohel | 2016-06-18 00:00:00
Social media has by now started to intrude the banking industry as it did in many other sectors. With the impact of social media, the world is witnessing a steady increase in the number of people using social media as...
Md Saifullah Khaled | 2016-06-18 00:00:00
A World Bank (WB) report entitled "Dynamics of Rural Growth in Bangladesh: Sustaining Poverty Reduction" said despite being one of the most vulnerable sectors to climate shocks, Bangladesh's agriculture has been playing a leading role in reducing poverty since 2000....
Nilratan Halder | 2016-06-18 00:00:00
Encroachment of footpaths and even some portion of the road in the capital and other cities or towns has been ever so galling. Pedestrians are forced to use road spaces for faster movement, albeit at a risk. But if they...
Jamaluddin Ahmed | 2016-06-18 00:00:00
Central banks originated as closely held and privately owned suppliers of credit to the government. As they competed with other financial institutions, they tended to be less than forthcoming about their pricing and portfolio decisions. Because they had a privileged...
Abdul Bayes | 2016-06-18 00:00:00
If one wants to delve into the dynamics of rural livelihood system, there is a need to observe the structural changes in the occupational status of the rural labour force. Agriculture seems to have lost its historic role in attracting...
Munima Sultana | 2016-06-17 00:00:00
The long-awaited Road Maintenance Fund for carrying out necessary maintenance and repair work of the country's road network is yet to be formed though an act in this regard was passed three years ago. The Jatiyo Sangsad (JS) passed the...
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