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PKSF moves to promote income, job generation for rural extreme poor

Syful Islam | 2016-09-02 00:00:00

The Palli Karma-Sahayak Foundation (PKSF) has moved to undertake a project aiming to promote income and employment generation opportunities for the extreme poor people in rural Bangladesh, officials said. The Department for International Development (DFID) will provide 75 million GBP...

Waging war on corruption in education Sector

S. M. Rayhanul Islam reviewing the book | 2016-09-02 00:00:00

Education is a basic human right and a driver of personal, social and economic development. It is seen as the key to a better future, providing the essential tools that people need to sustain their livelihoods and live with dignity...

Girls\' vulnerability and social inaction

Nilratan Halder | 2016-09-02 00:00:00

Surya Akhter Risa's budding life has been cut short by her stalker, an employee of a tailoring shop. A student of class VIII, she was too innocent and immature to respond to the advances made by her unwelcome suitor. This...

Spectre of \'Brexit\' stalks America - exiting the global stage?

Imtiaz A. Hussain concluding his eight-part series on Bumping and trumping to the White House | 2016-09-02 00:00:00

Great Britain's chances of exiting the European Union were split (about 50:50) on the eve of the country's vote; but once the results started trickling in, not only were the "Remain" bloc routed, but many voters, especially those who did...

John Kerry\'s Dhaka visit

M. Serajul Islam from Maryland, USA | 2016-09-02 00:00:00

Reports and analyses in the media about the just concluded 9-hour-long visit of the US Secretary of State John Kerry to Dhaka have been written and made largely without proper understanding of why John Kerry came on his trip to...

Passports dept defaults on VAT

Doulot Akter Mala | 2016-09-01 00:00:00

The revenue board has asked the Department of Immigration and Passports (DIP) to pay Tk 5.85 billion in unpaid VAT and penalty for defaulting on tax payment. Officials said the National Board of Revenue (NBR) recently placed the demand for...

Banks under pressure: NPL is the spoiler

Nironjan Roy in the first of a two-part article on banks' capital shortage | 2016-09-01 00:00:00

Eight banks in the country have reported capital shortage as of quarter that ended in March of this year, according to media reports. Besides, surplus capital of 48 other banks has sharply declined as total surplus capital accumulated by all...

Labour supply in rural areas

Abdul Bayes | 2016-09-01 00:00:00

It is very difficult to identify the 'flow' of labour force from statistics on occupational status.  This write-up looks into utilisation of labour as a 'flow'. We have tried to address the following questions: To what extent does a worker...

Postal Bank comes as saviour of postal dept

Syful Islam | 2016-08-31 00:00:00

The postal department has applied for government permission to operate specialised banking mainly to the unbanked rural people, as post-boxes now look to be a thing of the past. Officials said under the nomenclature 'Postal Bank' the outmoded mailing department...

EEF: Infected and in death throes

Shamsul Huq Zahid | 2016-08-31 00:00:00

A well-intended programme, the Equity Entrepreneurship Fund (EEF), of the government is now under threat of being wound up. The default culture that has been troubling the country's banking sector for long is also the main villain here. After 16...

Teesta erosion takes devastating turn in Rangpur

sayedmofidulbabu@gmail.com | 2016-08-31 00:00:00

RANGPUR, Aug 30: With the recession of flood water, erosion by the mighty river Teesta has taken a devastating turn rendering at least 200 families homeless at different areas of Kawnia Upazila under the district during last 15 days. Besides,...

Progresses and prospects of palm oil in Bangladesh

A. K.M. Fakhrul Alam | 2016-08-31 00:00:00

In Bangladesh, the word palm oil is synergic with Malaysia. Regardless of the import sources of palm oil, people of Bangladesh think it is from Malaysia. Such perception has developed among the Bangladeshis mainly because of Malaysia's pioneering role in...

Bretton Woods and after

Jamaluddin Ahmed concluding his seven-part series on the Historical evaluation of foreign currency reserve management | 2016-08-31 00:00:00

The Bretton Woods System was a lineal descendent of the gold-exchange standard as envisaged in Genoa. Under Bretton Woods the key currency, now the dollar, was convertible into gold (albeit, now exclusively for official foreign holders), other currencies were convertible...

Odds facing the banking industry

Syed Jamaluddin | 2016-08-31 00:00:00

At the moment, there is plenty of idle money in the banks. The growth of deposits is also adding to the problem of plenty. Banks are getting virtually no return from the same. Interests will have to be paid against...

Brexit: A wake-up call for Bangladesh

Mohd. Jamil Hossain | 2016-08-31 00:00:00

The British exit, abbreviated as 'Brexit', refers to the referendum whereby Britons voted to quit the European Union (EU) under Article 50 of the treaty of the EU on June 23, 2016. But this exit does not simply refer to...

BB puts stolen $81m as \'other receivable\'

Siddique Islam | 2016-08-30 00:00:00

Bangladesh Bank set aside the US$81 million stolen from its Fed reserves as 'other receivable' in its balance sheet. Officials said the board of directors of the central bank approved the BB balance sheet for the fiscal year (FY) 2015-16...

Women taxpayers on rise

Doulot Akter Mala | 2016-08-30 00:00:00

Women are becoming taxpayers in an increasing number, constituting around 16 per cent of the total registered payers of income tax in the country, according to the latest official count.   The number of Taxpayer Identification Number (TIN)-registered women taxpayers in...

Govt cuts interest rate on garment remediation loan

Rezaul Karim | 2016-08-30 00:00:00

The government has fixed new rate of interest and services charges under the donor-assisted refinancing fund to help garment factory owners secure the loan, sources said. All charges have now been capped at 7.0 per cent, which were 9-10 per...

Trouble in paradise

Justin Rowlatt of BBC in Male | 2016-08-30 00:00:00

You don't normally get advance warning of an attempt to topple a government. Efforts to oust leaders are risky undertakings and plotters usually keep their underhand schemes very secret. So I was very surprised when a colleague said she'd got...

App enables people boycott companies supporting Israel

Venetia Rainey of Al Jazeera in Beirut | 2016-08-30 00:00:00

It's a warm Friday evening in May, and hundreds of families, young couples and groups of friends are packed into Beirut's Masrah al-Madina for an event promoting the boycott of Israel. They sing along to a song played by oudist...

FARC commander recalls war years

Juanita Ceballos of Al Jazeera in Havana, Cuba | 2016-08-30 00:00:00

It was 1990 and Judith Simanca Herrera, a FARC (Fuerzas Armadas Revolucionarias de Colombia - Revolutionary Armed Forces of Colombia) commander also known as Victoria Sandino had just graduated with a degree in journalism from a university in Bogota, more...

Reserve management: Rivalry between sterling and dollar

Jamaluddin Ahmed in the sixth article of a seven-part series on the Historical evaluation of foreign currency reserve management | 2016-08-30 00:00:00

The Bank of France's losses were notable but not unique, Belgium and the Netherlands being other cases in point. They underscored the perils of foreign exchange markets. Gone now were the dull days of the 19th century when the bulk...

Bangladesh a model for the South to follow

Abdul Bayes | 2016-08-30 00:00:00

After remaining in oblivion for a long time, the issue of South-South cooperation seems to have resurfaced. If necessity is the mother of invention, then its resurgence has to be there as 17 Sustainable Development Goals (SDG) and 169 targets...

An unattractive destination for equity funds

Shamsul Huq Zahid | 2016-08-30 00:00:00

This paper Sunday last ran a report on its front page highlighting the failure of Bangladesh to secure even a tiny slice of the global equity fund. The flow of such funds across the globe is now quite high. The...

The status of Sundarbans in the context of coastal agro-economy

Muhammad Abdul Mazid | 2016-08-30 00:00:00

Importance of agriculture in a developing economy like that of Bangladesh needs no elaboration. However, it seems worthwhile to point out that economic dependence on agriculture in terms of population has started declining. The number of persons engaged in agriculture...

Dhaka-Delhi cargo crosses border

Munima Sultana | 2016-08-29 00:00:00

The maiden direct cargo trip from Dhaka to Delhi crossed the Benapole-Petrapole frontier Sunday, officials said.   The long-haul trip on nearly 4000-kilometre roadway between the two capitals under the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement (MVA) started...

Reserve management: From gold standard to gold exchange standard

Jamaluddin Ahmed in the fifth article of a seven-part series on the Historical evaluation of foreign currency reserve management | 2016-08-29 00:00:00

The 1920s and 1930s were pivotal decades for foreign exchange portfolio management by central banks. The period saw the rise and fall of the so-called gold-exchange standard. The idea of replacing the gold standard with a gold exchange standard, building...

Cities for migrants: The news is not all bad

Peter D. Sutherland in Cork | 2016-08-29 00:00:00

In many countries, particularly in Europe, immigration is increasingly framed as a security issue. Mainstream politicians, bowing to pressure from fear-mongering populists, are calling for tighter restrictions, and some countries are openly flouting their legal obligation and moral responsibility to...

Applying \'plan bee\' successfully

Neil Ray | 2016-08-29 00:00:00

The arrival of an elephant -not by choice but swept by flood waters -from India kept inhabitants of a few villages under Sarishabari upazila, Jamalpur district in a state of anxiety for about two months. People were inquisitive also about...

BSEC, both bourses skid into the soup

Mohammad Mufazzal | 2016-08-28 00:00:00

The securities' regulator and both the bourses are now in the soup over some 'irregularities' in completing the amalgamation process of Summit Power and three other companies. Following an order of the High Court (HC), the listed company Summit Power...