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New industrial policy awaits cabinet body nod

Talha Bin Habib | 2016-02-08 00:00:00

The government is set to adopt a new industrial policy with creation of a high-priority industrial sector in focus to add an impetus to public-private partnership for spurring the economic growth. Other priority areas in the newly-drafted policy are ship-building,...

No more a case of rogue police

Neil Ray | 2016-02-08 00:00:00

Have the police reversed its role with anti-social goons? When the muggers and extortionists are maintaining a low profile, it seems the men in uniform have embarked on a mission of filling up the vacuum. At least a number of...

Creating a cadre of development administrators

Shamsul Huq Zahid | 2016-02-08 00:00:00

The stock of unspent aid money has bulged to around $19 billion. The amount is enough to build as many as five bridges, each equivalent to the one now being built over the mighty river Padma. The bulging stock of...

Energy from waste

Ohidul Alam | 2016-02-08 00:00:00

The capital Dhaka with its 360 square kilometre area and the population size of 16 million is one of the most densely populated cities in the world. For such a large population, the city area is small and inadequate. Besides...

High-powered body to add impetus to Padma Bridge work

Rezaul Karim | 2016-02-07 00:00:00

The government has constituted a high-powered inter-ministerial committee aiming to help accelerate the implementation of Padma Multipurpose Bridge, officials have said. The nine-member body styled "Project Steering Committee" (PSC) is headed by the secretary of Bridges Division. The project director...

MoF vetoes VAT waiver offer for EZ developers

Doulot Akter Mala | 2016-02-07 00:00:00

The Bangladesh Economic Zone Authority (BEZA) has run into difficulty with its offer of Value Added Tax (VAT) waiver for developers of economic zones (EZs) as the Ministry of Finance (MoF) finally refused to give such fiscal concession, officials said....

China gets cornered by \'Impossible Trinity\'

Sharjil Haque | 2016-02-07 00:00:00

Overall, macro and financial conditions in the world's second largest economy turned darker last year. Growth slumped to a 25-year low while deflationary risks  intensified. Trade growth languished in negative terrain for much of the year. The bursting of an...

BD joins move to prepare Asian Highway standard

Munima Sultana | 2016-02-06 00:00:00

Bangladesh is among four countries chosen for studying roads, bridges and highways to prepare road infrastructure standard for the Asian Highway for ensuring safe journey through nearly 140,000 kilometre corridor, officials said. The United Nations Economic and Social Commission for...

2015 FDI inflow in better shape

Asjadul Kibria | 2016-02-06 00:00:00

Flow of net foreign direct investment (FDI) into the country registered 23.5 per cent growth last year, according to the latest official balance-of-payments (BoP) statistics, in a little recovery from past setbacks. The Bangladesh Bank (BB) released the update on...

Policy framed for hassle-free, quick release from seaports

Doulot Akter Mala | 2016-02-06 00:00:00

A newly-framed government policy would facilitate 'hassle-free' and expeditious release of capital machinery and spare parts imports for industries from seaports. Officials said the customs authority framed the policy aimed at relieving the importers of alleged hassles and harassment in...

Average daily turnover declines 4.42pc on premier bourse

Babul Barman | 2016-02-06 00:00:00

Stocks closed in the red last week that ended Thursday, extending the losing spell for the three weeks in a row as major economic updates and financial disclosures dominated the market movement. Analysts said that earnings driven movements dominated the...

BD-WB meet in Washington in April on financial dev

Syful Islam | 2016-02-06 00:00:00

Government officials will sit with World Bank executives in Washington in mid-April for discussion of areas of mutual interest for further development of Bangladesh's financial sector, sources said.  The meet is slated for April 11-14, a day before the inauguration...

Educating tomorrow\'s leaders…

Md Rasel Eusoofi | 2016-02-06 00:00:00

Chittagong Independent University (CIU) is one of the degree awarding higher seats of learning in Bangladesh, located in the Port City Chittagong, which started its journey in 1999 as the Independent University Bangladesh (IUB), Chittagong Campus. Since its inception, the...

Low quality textbooks of NCTB hardly attract learners

Masum Billah | 2016-02-06 00:00:00

A number of positive and encouraging things have occurred in the field of education in our country. It started receiving importance from the governments for the last several years. And the introduction of distributing textbooks free of cost since 2010...

Stories least told about the book fair

Asjadul Kibria | 2016-02-06 00:00:00

The month-long book fair, Amar Ekushey Boi Mela, is now going on with full momentum. The fair is being held on the premises of Bangla Academy and a part of Suhrawardy Udyan in Dhaka, just opposite to the academy. However...

Abominable toilet culture

Nilratan Halder | 2016-02-06 00:00:00

Toilet, now euphemistically called washroom by smarter urban people, has unfortunately not matched the linguistic ascendancy in its improvement in practical terms. Public toilets in this part of the world have ever been in a shambles. The very concept of...

Gas crisis: Is LPG the solution?

Sarwar Md Saifullah Khaled | 2016-02-06 00:00:00

Every year gas supplies to households countrywide usually hit a snag during the winter. But this year, the crisis turned acute and affected even filling stations for CNG-run vehicles. The State Minister for Power and Energy on January 27, 2016...

Accountants\' role in achieving SDGs

Abu Sayed Md. Shaykhul Islam | 2016-02-06 00:00:00

The United Nations (UN) officially came into existence 70 years ago with 51 countries on October 24, 1945 after the Second World War when there had been a global demand for peace. The primary responsibility of the UN is to...

Assets in rural areas

Abdul Bayes | 2016-02-06 00:00:00

A household would have different types of land in portfolio. These are used for homestead, orchards, ponds, etc.  that are used for seasonal and permanent crops. The portfolio may change over time in consort with needs and imperatives. For example,...

BB sets SME loan disbursement target at Tk 1.13t for 2016

Siddique Islam | 2016-02-05 00:00:00

The central bank has set the target of small and medium enterprise (SME) credit disbursement at Tk 1.13 trillion for this calendar year, up by 8.53 per cent than that of the previous year, officials said Thursday. Of the total,...

The death throes of oil

Harold James in Princeton | 2016-02-05 00:00:00

The price of oil is often regarded as a sort of thermometer to measure the health of the world economy. What is less often noted is that it can also serve as a barometer - warning of approaching geopolitical storms....

The shortcomings of quantitative easing in Europe

Martin Feldstein in Cambridge | 2016-02-05 00:00:00

Why has the US Federal Reserve's policy of quantitative easing (QE) been so much more successful than the version of QE implemented by the European Central Bank (ECB)? That intellectual question leads directly to a practical one: Will the ECB...

Why is society hostile to children?

Nilratan Halder | 2016-02-05 00:00:00

Indications are clear that hostility to children in this country is on the rise. Tortures of the most outrageous type, abduction for ransom, rape and gang rape before murder in case of as tender girls as six to 14 years...

Governance of globalisation—the greatest challenge

says Grzegorz W. Kolodko concluding his three-part public lecture titled 'Whither the World: The Political Economy of the Future' | 2016-02-05 00:00:00

That's nothing to wring our hands about, because market economy, also by its intrinsic nature, has corrective mechanisms, too, though they are pretty imperfect. When the deviation from the balance is too high; forces are activated that correct the disproportions....

India, Pakistan lukewarm about SAARC MVA

Munima Sultana | 2016-02-04 00:00:00

A revived initiative to sign motor vehicle agreement (MVA) among South Asian countries has been postponed due to lack of concurrence from India and Pakistan, officials said. The South Asian Association of Regional Cooperation (SAARC) secretariat through an email informed...

Street vendors back again after eviction

Mohammad Wazed Ali and Sanwar Hossain | 2016-02-04 00:00:00

The recent move by the two city corporations to ensure hawker-free city streets has had a little impact as the floating traders have started returning to their footpath-based trading. Both Dhaka South City Corporation (DSCC) and Dhaka North City Corporation...

Corporate clients turn back to local credits

Siddique Islam | 2016-02-04 00:00:00

Private-sector credit now grows higher as corporate entities looked back to local-currency loans, alongside offshore borrowing, amid a downturn in lending rates, bankers said. Based on a higher flow of credits in December, the bankers hold the hope that the...

Organic food—cause for celebration at every dinner table

writes Zeenat Khan from Maryland, USA | 2016-02-04 00:00:00

From May to November - there is something magical about waking up on Sunday mornings and walk three blocks from my house and get a week's worth of organic fruits and vegetables from the Farmer's Market. After that, winter sets...

A case for using Integrated Success Index

says Grzegorz W. Kolodko in the second of his three-part public lecture titled 'Whither the World: The Political Economy of the Future' | 2016-02-04 00:00:00

It is estimated that if income proportions in the US were like those of the Scandinavian countries (which I consider to be a totally impossible future, taking into account American values), the sense of mutual trust among people (additionally strained...

Govt earnings from DSE down 16pc in 7 months

Babul Barman | 2016-02-04 00:00:00

The government revenue earnings from the Dhaka Stock Exchange (DSE) fell 16 per cent in the first seven months of the current fiscal year compared to the same period of the previous fiscal as trading volume was on the decline....