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No rebate on invested profit from savings tools

Doulot Akter Mala | 2015-09-20 00:00:00

Taxpayers are now barred from claiming rebate on investment of previously earned profit gains from savings instruments in the current fiscal year's (FY) tax return. Officials said those who have already submitted income-tax returns have to get those revised following...

Biman: The nation\\\'s loss-making flag carrier

Syed Jamaluddin | 2015-09-20 00:00:00

Biman Bangladesh Airlines, simply known as Biman, is badly suffering from corruption and mismanagement for the last four decades. It has turned into a white elephant! The country's flag carrier has failed to maintain its routes and schedules and has...

Energy challenges to Vision 2030

Khondkar A Saleque | 2015-09-20 00:00:00

Last month, the Energy & Power magazine organised a roundtable titled 'Energy Challenges to Vision 2030' that witnessed a lively discussion about different challenges to achieving energy & power sector vision of 2030. Bangladesh has a national vision for achieving...

MDG to SDG - sustaining a lasting growth

Saleh Akram | 2015-09-20 00:00:00

The Millennium Development Goals (MDGs) launched by the United Nations will expire at the end of this year. Naturally the process of recounting the degree and extent of success is already on. Overall, the Millennium Development Goals (MDGs) have been...

Launch owners warn against overcharging passengers

Talha Bin Habib | 2015-09-19 00:00:00

Launch Owners Association has issued a stern warning against charging homebound passengers extra money during the upcoming Eid-ul-Azha. "If any launch owners try to realise extra money from the passengers during the Eid season, we will stop their services," President...

Govt bailout move for lone granite company

Rezaul Karim | 2015-09-19 00:00:00

The government has taken up a financial restructuring plan for the cash-strapped Madhyapara Granite Mining Company Ltd (MGMCL) that has gone deep in debt for cost overruns, officials said.   Under the bailout initiative, a five-member committee has been formed to...

Taking care of autism caregivers

Muhammad Quamrul Islam | 2015-09-19 00:00:00

On an invitation from the ICDDR,B, this scribe attended a dissemination seminar on Autism: Assessment of mental health status among caregivers of children with autism and feasibility of creating a community-based support system in Bangladesh. A team of the ICDDR,B...

Data revolution, SDGs and Bangladesh

Asjadul Kibria | 2015-09-19 00:00:00

One positive outcome derived from the formulation process of the Sustainable Development Goals (SDGs) is a global consensus for better data in different spheres of life and society. From policymakers to implementing bodies, all have agreed that updated and authentic...

Self-improvement through the tool of feedback

Masum Billah | 2015-09-19 00:00:00

Feedback is a response to an action or statement, which is collected and is used to determine if any changes in that action or statement need to be made. Helpful information or criticism that is given to someone to say...

Close to sights and sounds of Nature

Nilratan Halder | 2015-09-19 00:00:00

City life is poor indeed if considered in the context of sights and sounds of Nature. In fact, the unpleasant mechanical excesses of both have numbed city people's senses. Belying the weathermen's prediction, this year has appeared to be a...

Tax education for govt officials underway

Doulot Akter Mala | 2015-09-18 00:00:00

The National Board of Revenue (NBR) has moved to impart tax education to all government officials by incorporating a new topic in their training courses.   The board has drafted possible course curriculum for Bangladesh Public Administration Centre, BCS Administration Academy,...

Trump targeted, Fiorina shines in US Republican debate

Veronique Dupont in Simi Valley, California and Michael Mathes of AFP in Washington | 2015-09-18 00:00:00

Republican presidential frontrunner Donald Trump stepped into a hornet's nest in Wednesday's debate as rivals turned their sights on the billionaire, while Carly Fiorina showed she had earned her place on the main stage. Ten challengers flanked Trump on stage...

Politicisation by default

Nilratan Halder | 2015-09-18 00:00:00

The public exchequer everywhere tries to develop a super sense like terriers in order to find potential source of revenue collection. Nothing wrong with it as long as the attempt does not infringe with wider and more important interests of...

DSE turnover crosses Tk 5b-mark

FE Online Report | 2015-09-17 00:00:00

Stocks returned to green on Thursday with turnover crossing Tk5.0 billion-mark after one month as investors went on late hours buying spree. The market opened with a mixed trend, but late hours buying binge pushed the prime index of the...

Stocks see mix trend at opening

FE Online Report | 2015-09-17 00:00:00

The Dhaka Stock Exchange (DSE) saw positive while the Chittagong Stock Exchange (CSE) witnessed negative trend in early hour of trading on Thursday amid marginal volatility, the last session of the week. After first 30 minutes of the day’s trading,...

Inter-ministerial meet accepts NBR proposal

Syful Islam | 2015-09-17 00:00:00

An inter-ministerial meeting on Wednesday accepted a proposal of the National Board of Revenue (NBR) to realise Tk 130 in customs duty from a tonne of Indian goods in transit using the land route. The meeting also accepted a proposal...

Private sector credit growth falls further

Siddique Islam | 2015-09-17 00:00:00

Private-sector credit growth fell further in July over the previous month, mainly as businesses needed to spend less on import bill amid international market slump. Officials said rock-bottom prices of essential commodities, including fuel oils, on the global market resulted...

AABEA convention in Detroit next year

Saiful A Siddique | 2015-09-17 00:00:00

The American Association of Bangladeshi Engineers and Architects (AABEA) Biennial Convention - 2016 organising committee invites papers from the graduate or undergraduate students studying engineering/ architecture/ computer science in public or private engineering schools in Bangladesh. The convention will be...

Ministries, agencies asked to work out budget implementation plans

Rezaul Karim | 2015-09-17 00:00:00

The government has asked all the ministries, divisions and agencies to devise separate budget implementation plans aiming to ensure proper implementation of the country's fiscal budget, officials said. The ministries, divisions and agencies will have to submit the budget implementation...

Myanmar prepares for election under the shadow of \\\'midnight political coup\\\'

Sayed Kamaluddin | 2015-09-17 00:00:00

Myanmar is preparing for a general election on November 08 next under the shadow of what has been dubbed a 'midnight coup' by the diplomatic community in Myanmar. The Speaker of Parliament Shwe Mann was suddenly removed on August 12...

World economy - a bird\\\'s eye view

Saleh Akram | 2015-09-17 00:00:00

The overwhelming impact of recession that recently rocked the world, particularly the developed economies, is being overcome judiciously. Nations pushed on the back foot, have almost recovered the shock, solitary exception being Greece which is still deep down in the...

Stocks witness mild correction after 4 days

FE Online Report | 2015-09-16 00:00:00

Stocks witnessed mild correction on Wednesday, after remaining positive in the past four trading sessions as late hours sale pressure wiped-out early gains. The market opened higher in the morning, but it could not sustain as the session presaged. At...

DSE, CSE open positive

FE Online Report | 2015-09-16 00:00:00

The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trend in early hour of trading on Wednesday amid marginal fluctuation, the fourth session of the week. After first 30 minutes of the day’s trading, DSEX, the prime...

The problem of plenty

Shamsul Huq Zahid | 2015-09-16 00:00:00

Who does not relish the plenty of money in the coffer? Everybody does. But, at least, a number of the country's scheduled banks for now are not enjoying their chests overflowing with banknotes. In fact, they are clueless about the...

Decision on transit fees for India today

Syful Islam | 2015-09-16 00:00:00

The National Board of Revenue (NBR) has revised downwards its proposed transit fee from Tk 580 to Tk 130 per tonne of goods, officials said. Additionally, the Roads and Highways Department (RHD) seeks Tk 1.02 per tonne per kilometre of...

Tk 5.18b disbursed under cap market re-financing scheme

Mohammad Mufazzal | 2015-09-16 00:00:00

Some Tk 5.18 billion has been disbursed so far under the capital market re-financing scheme, initiated by the government to help affected investors of 2010-11 stock market debacle. The refinancing scheme supervisory committee said as of September 3 last, 30...

BB snaps up $64m as Eid nears

Siddique Islam | 2015-09-16 00:00:00

The central bank has boosted purchase of the US dollar from banks ahead of the Eid-ul-Azha in an attempt to keep the inter-bank foreign exchange market stable, officials said. As part of the move, the Bangladesh Bank (BB) bought US64...

VAT: Are we practising it right?

Abu Afsarul Haider | 2015-09-16 00:00:00

Students of almost all private universities staged streets demonstrations for last one week demanding lifting of value-added tax (VAT) on tuition fees, and finally, the government has announced withdrawal of VAT imposed in the current budget. The much-awaited announcement to...

Knowledge management in banks, financial sector

Muhammad Omar Faruk and Al Faruque | 2015-09-16 00:00:00

Knowledge management (KM) is a broad concept that addresses a range of strategies and practices used in an organisation to identify, create, organise, represent, store, share, disseminate, search, analyse and improve its insights and experiences. Such insights and experiences include...

Dark, threatening war clouds dissipate

M. Serajul Islam | 2015-09-16 00:00:00

The procedural vote taken in the US Senate on September 10 on the Republican resolution disapproving the Iran nuclear deal fell two votes short of the 60 needed for a 2/3rd majority. If the resolution had passed by that majority,...