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Repealing transparency measure hurts the poor

Eric LeCompte | 2017-02-04 00:00:00

The US Congress could imminently repeal anti-corruption measures put in place after the 2008 financial crisis. If Congress does repeal these transparency efforts it will be a mistake. On behalf of the hundreds of faith communities who supported Section 1504...

Making America great again

Abu Afsarul Haider | 2017-02-04 00:00:00

A nation founded by immigrants, each of whom had begun life anew, on an equal footing now shut its doors to refugees fleeing war-torn Syria and suspended entry from seven Muslim-majority nations in the name of national interest and security....

Framing a code of conduct to curb workplace sexual harassment

Helal Uddin Ahmed | 2017-02-04 00:00:00

Gender balance and removal of gender-based discriminations are keys to sustainable development and empowerment of the masses. Male and female workers are central to economic growth and women's participation is critical for  progress of developing countries. Moreover, investments on women...

Achieving food security: SDG guidelines

Muhammad Abdul Mazid | 2017-02-04 00:00:00

The Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet, ensure that all people enjoy peace and prosperity. Inclusion of new areas such as climate change, economic inequality, innovation, sustainable consumption, peace and...

NBR mulling legal action on abuse of duty-free facility

Doulot Akter Mala | 2017-02-03 00:00:00

The revenue board is now planning to go for legal action as many development partners and UN organisations operating in Bangladesh missed the deadline for complying with the Customs notice regarding duty-free facility enjoyed by privileged persons. Majority development partners...

Pvt sector credit flow rises in Dec after three months

Siddique Islam | 2017-02-03 00:00:00

Private sector credit growth increased slightly in December 2016, after experiencing a falling trend in the previous three consecutive months, due to higher trade financing for settling import payment obligations, bankers said. The growth in credit flow to private sector...

Achieving Gender Equality in Education

S. M. Rayhanul Islam | 2017-02-03 00:00:00

Education and gender equality are the key concerns in the new Sustainable Development Goal (SDG) agenda adopted at the 70th Session of the UN General Assembly in September 2015. The Education 2030 Framework for Action, agreed by the global education...

Getting rid of hawkers from footpath

Nilratan Halder | 2017-02-03 00:00:00

The capital's footpaths as usual make news for all the wrong reasons. In recent times the focus on those is even more intense because of the Dhaka South City Corporation's move to drive hawkers out of their illegal possession of...

Trade facilitation deal at long last

Asjadul Kibria | 2017-02-03 00:00:00

The Trade Facilitation Agreement (TFA), the first agreement negotiated and adopted by the members of the World Trade Organisation (WTO) in 22 years since its inception, is now set to come into force. As 108 members of the multilateral trade...

Remittance inflow rebounds onto upturn, crosses $1.0b in January

Siddique Islam | 2017-02-02 00:00:00

A drive across the country and abroad to plug the holes began to remedy recent remittance downturn, boosting monthly turnover above US$1.0 billion again in January. Officials said the turnaround became tangible after a falling trend for consecutive two months...

NBR to scrutinise IT, VAT returns of 65 corporate entities

Doulot Akter Mala | 2017-02-02 00:00:00

The income tax wings of the National Board of Revenue (NBR) have decided to scrutinise the income tax and VAT returns of 65 large corporate taxpayers to detect possible tax evasion. The large companies will be jointly audited by both...

JICA unhappy as BB breaches deals

Syful Islam | 2017-02-02 00:00:00

The Japan International Cooperation Agency (JICA) has expressed dissatisfaction over the central bank's alleged violation of agreement on projects being financed by the Japanese lender. Officials said Bangladesh Bank (BB) has allegedly changed the implementation authority and directors of two...

Ministry drafts action plan on migration policy

Munima Sultana | 2017-02-02 00:00:00

A draft action plan on migration policy has been prepared to guide respective stakeholders towards safe overseas employment of all categories of workers. Officials said with the help of the International Labour Organisation (ILO), the Ministry of Expatriates' Welfare and...

Import grows in H1 as cos ramp up capital machinery purchase

Siddique Islam | 2017-02-02 00:00:00

The country's imports grew by 11.25 per cent or US$2.28 billion in the first-half (H1) of the current fiscal year (FY), driven by robust procurement of capital machinery, officials said. The actual import in terms of settlement of letters of...

Portfolio investment growth sees 927pc jump in January

Babul Barman | 2017-02-02 00:00:00

Net foreign investment in stocks marked a significant jump of 927 per cent year-on-year in January this year as overseas investors consider the Bangladesh stockmarket lucrative for long-term investment. An analyst said the favourable macroeconomic indicators coupled with political stability...

African Union race: Why the favourites lost

Hamza Mohamed of Al Jazeera in Addis Ababa, Ethiopia | 2017-02-02 00:00:00

It is the morning after the night before and the cold chill of the night have lifted. At the African Union headquarters in Addis Ababa it's post mortem time and everyone is asking one question: how did the favourites, Amina...

Pakistan\'s debt: Putting the record straight - I

Mohammad Ishaq Dar in the first part of an article on Pakistan's public debt management | 2017-02-02 00:00:00

Economic indicators are always open to interpretation and debate. Some analyze these numbers objectively whereas others fall prey to their biases. In the latter case, analysts gather and present only selective information and analyze it on the basis of their...

Post-Mujib government: Change only in extent not the direction

M. SYEDUZZAMAN in the last part of a transcript of an oral interview conducted by the authors of the World Bank's fiftieth anniversary history | 2017-02-02 00:00:00

SYEDUZZAMAN: Yes, President Bangabandhu Sheikh Mujibur Rahman, as you know, was assassinated by a faction of the army.  That was a very sad day for Bangladesh because--well, it's a sad and long story; I don't want to go into that.  ...

The curious case of poverty line

Hasnat Abdul Hye | 2017-02-02 00:00:00

My stint as a professional economist lasted for a year in 1964, spent in Dhaka university as a teacher after which I switched over to government service, a career move that had become commonplace given prevailing social values. In my...

FFSs bring significant changes in developing cultivators\' skill

Sayed Mofidul Babu | 2017-02-01 00:00:00

RANGPUR, Jan 31: Farmers' Field Schools (FFSs), for developing farmers' skill at different areas of Taraganj  upazila in Rangpur district have ushered in a new hope to the farmers. A good number of farmers have already brought significant changes in...

Last days of Mujib government— its policy initiatives were perceived to be right by economists at home and also the donors

M. SYEDUZZAMAN in the third part of a transcript of an oral interview conducted by the authors of the World Bank's fiftieth anniversary history | 2017-02-01 00:00:00

LEWIS: How long did you continue as the Secretary for aid coordination? SYEDUZZAMAN: Well, I continued until end of '75, throughout the period of the first government [of Bangladesh].  And in February '76 I was shifted by the new government...

Creating values among young people

Md Shamsul Arefin | 2017-02-01 00:00:00

We only consider that the responsibility of a student is to learn lessons including getting to school/class on time, attending it regularly and submitting work on time, doing one's best on exams and assignments.  Students, of course, assume the responsibility...

Revision and rebasing of national accounts estimates

Zobdul Haque and Bazlul Haque Khondker | 2017-02-01 00:00:00

Gross Domestic Product (GDP) is the single most important indicator used to assess the health of an economy. Along with GDP, other macro-economic indicators such as Gross national income (GNI); Gross Domestic National Income (GDNI), Gross Fixed Capital Formation (GFCF)...

Three surprises in 2017

Anatole Kaletsky in London | 2017-02-01 00:00:00

Economic pundits traditionally offer their (traditionally inaccurate) New Year predictions at the beginning of January. But global conditions this year are anything but traditional, so it seemed appropriate to wait until US President Donald Trump settled into the White House...

Deals with multilateral, bilateral donors - a fascinating story

M. SYEDUZZAMAN in the second part of a transcript of an oral interview conducted by the authors of the World Bank's fiftieth anniversary history | 2017-01-31 00:00:00

SYEDUZZAMAN: The Pakistan government had also suspended payment of debt because their balance of payments position was also very precarious.  And I remember that the Pakistan government had obtained the time from the donors for, I think, a period of...

Bangladesh cricket: Time for the Board to step in

M. Serajul Islam | 2017-01-31 00:00:00

I had an interesting conversation with two former national cricketers soon after Shakib al-Hasan had turned the Second Test against New Zealand in Christchurch dramatically removing three wickets quickly - with two in the same over. The wickets came when...

With literary bend of mind

Neil Ray | 2017-01-31 00:00:00

Any reunion evokes emotions in association with a nostalgic journey down the memory lane. The reunion of the alumni of the English Department, the University of Dhaka, on Friday last was no different. There were the usual colours and festivities...

The nexus between land and livelihoods

Abdul Bayes | 2017-01-31 00:00:00

As pulling one's ears is to pull one's head, so one can't bypass the context of agrarian structure while talking about rural transformation.  The academics raised storm over a teacup on the question of agrarian structure in the 1970s and...

Three WB-aided projects are \'problematic\'

Rezaul Karim | 2017-01-30 00:00:00

The World Bank (WB) has identified three projects, funded by the global lender, as problematic and sought necessary steps to ensure their delivery and implementation before June 2017, officials said. "At present, several financial sector projects are on critical path,...

BB to deploy new SWIFT system in Mar: Governor

Siddique Islam | 2017-01-30 00:00:00

Bangladesh Bank (BB) is going to install a SWIFT messaging system with new software from March 2017 to avert any unwanted incident in facilitating overseas payments. Governor Fazle Kabir disclosed the development in response to a question while announcing the...