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Unsafe workplaces responsible for high casualty

Nilratan Halder | 2016-08-12 00:00:00

Workplace fatalities do not make big news unless tragedies on a scale of Rana Plaza, Tazreen and Spectrum take place. In the Rana Plaza tragedy, the country's deadliest industrial disaster ever, about 1,200 workers perished and the number of the...

Is monetary policy in sync with fiscal policy?

Hasnat Abdul Hye | 2016-08-12 00:00:00

Of all the policy instruments used by a government to guide the macro-economic variables along desired trajectory fiscal and monetary policies occupy centre stage. Unlike other policy instruments like trade policy, industrial policy, etc. that concerns particular sectors of the...

Dhaka may ditch FTA plan with KL

Syful Islam | 2016-08-11 00:00:00

The government is set to shelve the move to sign Free Trade Agreement (FTA) with Malaysia, officials said. "A feasibility study has found that the FTA in no way will be beneficial for us. Rather we will incur a significant...

New watchdog to nose out MNCs\' profit shifting

Doulot Akter Mala | 2016-08-11 00:00:00

Government's revenue authority is raising a new watchdog team styled 'resource pool' to nose out profit shifting by multinational companies from Bangladesh illegally. Officials said the National Board of Revenue (NBR) is forming the strong surveillance team with best of...

Tax receipts from DSE down 16pc in July

Babul Barman | 2016-08-11 00:00:00

The government's revenue earnings from the premier bourse fell 16 per cent year-on-year in July, the first month of current fiscal year, compared to the same month in the previous fiscal, as trading volume was on the decline. Market insiders...

Ministry seeks BFID steps on selection of city land

Rezaul Karim | 2016-08-11 00:00:00

The government is planning to set up high-rise staff quarters and flats for its officials and employees at different tiers aiming to address their existing housing scarcity, officials said. The Prime Minister already made her intent known in this connection,...

Challenges to cash in on demographic dividend

Md Khalid Hasan | 2016-08-11 00:00:00

As one of the most densely populated countries with a population density of 1084 people per square kilometer, Bangladesh, despite many of its problems, may feel complacent that about 66 per cent of its population is between 15 and 64...

Narrowing ‘perception gap’

Shamsul Huq Zahid | 2016-08-10 00:00:00

The common people have a very low level of confidence in the ability of the Anti-corruption Commission (ACC), a recent study, conducted by the Bangladesh chapter of Transparency International (TI), has revealed. The revelation, however, is not anything extraordinary. The...

Curbing the menace of militancy

Syed L. Ali Bahram | 2016-08-10 00:00:00

Militant attacks on innocent common people in many countries of Asia, Europe and America in recent times have become a matter of serious concern for everyone across the globe. In most cases, it is the so called Islamic State (IS)...

Spreading wings of consumerism

Saleh Akram | 2016-08-10 00:00:00

Not long ago, there was a time in our country and in many other domains of the developing world when commodity markets were dominated by the sellers and the consumers used to play as mere stooges in their hands. With...

ACC should establish a separate investigation cell

Nironjan Roy concluding his two-part article | 2016-08-10 00:00:00

Massive programmes with long-term goals should  be undertaken with joint collaboration of the Anti-Corruption Commission (ACC) and other regulators, particularly Bangladesh Bank, Bangladesh Securities & Exchange Commission and National Board of Revenue (NBR) to deal with banking corruption. There should...

China\'s appetite for investment abroad is not waning

Sayed Kamaluddin | 2016-08-10 00:00:00

China, once the world's largest recipient of foreign direct investment (FDI), has now emerged as a major foreign investor in the world. It still is attracting sizeable FDI, but the craze has now ebbed for two reasons: first, new centres...

Public transportation in a mess

Asjadul Kibria | 2016-08-10 00:00:00

When the government is apparently complacent with higher economic growth, lower inflation and middle-income status, the mess in the public transport system in Dhaka as well as in the whole country depicts a chronicle of seriously flawed development. The chaos...

An economic myth of Olympic proportions

Andrew Zimbalist in Northampton | 2016-08-10 00:00:00

According to Olympic legend, hosting the Games is an economic boon for the chosen city and country. In reality, the Games are more often a boondoggle, as Rio de Janeiro is finding out. First, consider how the games are awarded...

61 suspects come under ACC probe

Doulot Akter Mala | 2016-08-09 00:00:00

Taking a hot tip from the Panama Papers' leaks, the anti-graft body of Bangladesh has launched investigations against 61 persons on allegations of involvement in siphoning money into offshore businesses and in tax evasion. As part of the massive probe,...

No incentive for errant tanners

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

The government has decided not to pay any cash incentive to leather exporters who have failed to transfer their factories from the city's Hazaribagh area to Savar Tannery Industrial Estate, officials said. Presently, leather and leather goods exporters get 15...

Issue of graft in banking needs careful handling

Nironjan Roy in the first of a two-part article | 2016-08-09 00:00:00

Chairman of Anti-Corruption Commission (ACC) Iqbal Mahmud said in July that his Commission was keeping its eyes on private bankers and would act if evidence of corrupt practice is found. In this connection, he said, private banks are not private;...

Institutions for rice research

Abdul Bayes | 2016-08-09 00:00:00

The main institutions for rice research in our country are the Bangladesh Rice Research Institute (BRRI), the Bangladesh Institute of Nuclear Agriculture (BINA) and the Bangladesh Agricultural University (BAU), Mymensingh. Besides, the botany and biochemistry departments at various universities conduct...

Monetary policy stance needs to make good economic sense

Sadiq Ahmed in continuation of his economic analysis—MPS July-December 2016 | 2016-08-09 00:00:00

The stickiness of domestic nominal interest rate is a related point that merits attention in order to examine the case of lack of sensitivity of private investment rates to private credit growth as well as real interest rate. This is...

Customs finds DPRK diplomats\' duty default

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

Importing goods by a number of diplomats at the North Korean embassy in Dhaka without paying duty caused serious concern to government's revenue authority, officials said. Such alleged duty dodging is seen as a violation of the customs law of...

SoEs\' debts to banks decline by Tk 17b

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

The debt burden of state-owned enterprises (SoEs) to five state-owned commercial banks (SoCBs) declined by Tk 17.05 billion as of June last compared to the previous month's figure, statistics show. In an overall improvement in their debt-servicing status, the volume...

Comprehensive strategy needed for implementation of SDGs

Sarwar Md. Saifullah Khaled | 2016-08-08 00:00:00

Experts and the civil society usually stress the need for formulating a comprehensive home grown strategy for successful implementation of the Sustainable Development Goals (SDGs) with the coordinated efforts of policymakers, civil society and common members of the society. They...

Building IP-friendly Belt and Road: Guidance document under preparation

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

A guidance document is likely to be adopted very soon for increasing Intellectual Property (IP) cooperation among the countries involved in China's One Belt, One Road Initiative. The document would aim to inherit and promote the tradition of the historic...

A tale of an elephant

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

An Indian elephant, carried along by strong current of flood water to Bangladesh, has been making news for more than a month now. It crossed over to this side across the Roumari border of Kurigram. Currently the area it is...

Road transport act: Old wine in new bottle?

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

Few would dispute the fact that transport sector is a major area where anarchy reigns supreme. And it is, possibly, also only one area where the government hardly dares take action against wrongdoers. The transport minister does often try to...

The IMF still misunderstands the Euro crisis

Anders Åslund in Wshington | 2016-08-08 00:00:00

In July, the International Monetary Fund's Independent Evaluation Office (IEO) released a major report on how the Fund handled the euro crisis after 2010. The IEO report is critical of Fund behaviour; but, as with previous International Monetary Fund (IMF)...

Globalisation is the only answer

Anabel Gonzalez in Washington DC | 2016-08-07 00:00:00

The Brexit referendum in the United Kingdom and the presidential race in the United States have shown, among other things, that public distrust of global integration is on the rise. That distrust could derail new trade agreements currently in the...

Upgrading freight, passenger train traffic tops agenda

Munima Sultana | 2016-08-07 00:00:00

Dhaka and Delhi meet in the city tomorrow (Monday) to make way for upgrading freight services, particularly stone-carrying capacity, of Bangladesh Railway to meet a growing demand for the gigantic Padma Bridge project. Smoothing and expanding the cross-border passenger train...

Donald Trump, the Football and the Biscuit

M. Serajul Islam from Virginia, USA | 2016-08-07 00:00:00

Donald Trump's bullying tactics that he had used to great effect to take the Republican nomination against a pack of 16 others despite the Party being opposed to him has finally hit a dead end. Hillary Clinton has already widened...

Free trade\'s diminishing returns

Jomo Kwame Sundaram in Kuala Lumpur and Vladimir Popov in Moscow | 2016-08-07 00:00:00

In its May 2010 "Global Survey," McKinsey & Company reported that, "the core drivers of globalisation are alive and well." In an April 2014 report, the firm went further, declaring that, "to be unconnected is to fall behind." But now...