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Indian transit thru BD begins formally

Ziaur Rahman & Syful Islam | 2016-06-15 00:00:00

A ship carrying 1,000 tonnes of steel and iron sheets, bound for Tripura, is scheduled to reach Ashuganj river port on Wednesday morning as Bangladesh and India are ready to launch formal transit trade and transportation.       According to officials, with...

Two more banks apply for capital adjustment

Siddique Islam | 2016-06-15 00:00:00

Two more private commercial banks (PCBs) have applied to the central bank for policy supports for adjustment of their capital-market overexposures, officials said. The banks - City Bank Limited and One Bank Limited - are still maintaining more than 25...

Tasks ahead for RMG industry

Asjadul Kibria | 2016-06-15 00:00:00

Growing for more than 30 years with extensive policy and financial support from the state, the apparel sector is yet to come of age.  The industry leaders still clamour for support and incentives on different pleas. Right at this moment,...

Machines replacing ploughs

Abdul Bayes | 2016-06-15 00:00:00

Driving by the side of a paddy field or walking through green leaves, one hears the sounds of machines used in farming. Farming has become now more mechanised than ever whether to lift ground water for irrigation or to till...

Paradigm shift: Financial inclusion and beyond

Muhammad Abdul Mazid | 2016-06-15 00:00:00

Since the early 2000s, the term "financial inclusion" has been gaining importance as a result of findings about financial exclusion and its direct correlation to poverty. Micro credit as a concept and system has been an asymmetric evolution ahead of...

What did G-7 talks achieve?

Hasnat Abdul Hye | 2016-06-15 00:00:00

Leaders of industrially developed countries named G-7 (Group of 7) met in Japan in the last week of May for two days to discuss issues of global concern. What attracted observers as most curious about this meeting was the retro...

PPP projects under G2G arrangement main objective

Rezaul Karim | 2016-06-14 00:00:00

The government is set to adopt a comprehensive policy to execute Public-Private Partnership (PPP) projects through government-to-government (G2G) arrangement.  The policy would aim at wooing foreign governments to invest in projects as co-partners of Bangladesh government, officials said. The PPP...

Competition Commission yet to be fully functional

Talha Bin Habib | 2016-06-14 00:00:00

The Bangladesh Competition Commission (BCC) is yet to start functioning in full swing due to 'undue' delay in preparing its organogram and necessary rules, officials said.   Though the government has appointed Md Iqbal Khan Chowdhury as the chairman of the...

BB intensifies US dollar purchase from banks

Siddique Islam | 2016-06-14 00:00:00

  The central bank has intensified further the buying of US dollar from banks to keep the inter-bank foreign exchange market stable ahead of the Eid-ul-Fitr festival, officials said. Under the latest move, the Bangladesh Bank (BB) bought US$50 million from...

Donald Trump sinks in racism

M. Serajul Islam from Maryland, USA | 2016-06-14 00:00:00

The two parties, the Democratic Party and the Republican Party, both now have their presumptive nominees for the November 08 presidential election weeks ahead of their respective national conventions. Even recently, there were serious speculations in the media that both...

Wheel within wheels: China vs India

Sayed Kamaluddin | 2016-06-14 00:00:00

While still vacillating about the Chinese President Xi Jinping's signature initiative of One Belt, One Road (OBOR) or the new Silk Road project, India, of late, seems to be toying with the idea of developing its own connectivity network in...

Earn while you learn!

Francis De Silva | 2016-06-14 00:00:00

While formal education is a critical channel for skills-development, it is not the only channel.  There are also opportunities for those who have missed out on formal schooling, such as basic skills training, literacy courses, non-formal vocational training, on-the-job training...

Silent ICT revolution: Job openings for high-skilled graduates, specialists

Imtiaz A. Hussain in the fourth article of a nine-part "Second-string sector survey" series | 2016-06-14 00:00:00

ICT State Minister Zunaid Ahmed did not mince his words in a pre-"Biztech B2B Conference" at the Bangabandhu International Conference Centre on May 08, 2016: expand the ICT (information and communications technology) market to $5 billion by our 50th birthday...

Central bank assessing sectoral flow of pvt sector credit

Siddique Islam | 2016-06-13 00:00:00

The central bank is scrutinising the flow of commercial banks' credit to different sectors and assessing its impact in the context of the country's economic growth, officials said. This is being done under an ongoing study.  "It is important that...

Govt finalises draft BRT Act

Munima Sultana | 2016-06-13 00:00:00

The government has finalised the draft of the Bus Rapid Transit (BRT) Act providing special rights of land acquisition for projects like Padma Bridge and Metro Rail to the authorities concerned and provision for punishment to offenders under criminal procedure....

BSC moves to buy 10 more vessels

Syful Islam | 2016-06-13 00:00:00

The Bangladesh Shipping Corporation (BSC) has taken a move to buy ten mother vessels to carry an entire load of fuel oil for Bangladesh Petroleum Corporation (BPC) and   coal for power plants to be established in the country, officials said....

Eid sales gaining momentum

Mohammad Wazed Ali | 2016-06-13 00:00:00

Eid sales have started gathering momentum at different city markets and shopping centres as one of the greatest festivals of the Muslims nears, traders said. During visits to some key markets and shopping malls including New Market, Bashundhara City, Elephant...

Will the FY2016-17 Budget boost private investment?

Kishore Kumer Basak and Shashish Shami Kamal | 2016-06-13 00:00:00

The proposed budget for FY 2016-17 has set the target for gross domestic product (GDP) growth at 7.2 per cent. In order to achieve this growth, an additional Tk. 802.17 billion (80,217 crore) or 1.5 per cent of GDP is...

No end to target killings

Neil Ray | 2016-06-13 00:00:00

Four killings in just five days! It all started with the hacking and shooting of Mahmuda Khanam, wife of police officer Babul Akhter. Then a small trader of the Christian community was butchered. This was followed by the slaying of...

Errant SoCBs and a tolerant owner

Shamsul Huq Zahid | 2016-06-13 00:00:00

A former top central banker Khandaker Ibrahim Khaled last week suggested putting the state-owned commercial banks (SoCBs) under full control of the Bangladesh Bank to help the latter from sinking further.  He, however, vehemently opposed their divestment citing the presence...

Govt projects Tk 54.99b additional revenue in next fiscal year

Doulot Akter Mala | 2016-06-12 00:00:00

The government has projected an additional revenue income worth Tk 54.99 billion in the upcoming fiscal year (FY) with readjusted VAT and customs-related measures in the deficit budget. The National Board of Revenue (NBR) has prepared the projection on the...

India seeks waiver of AIT on Rampal plant, imported equipment

Rezaul Karim | 2016-06-12 00:00:00

India has sought waiver of advance income tax (AIT) on the plant and equipment being imported for 1,320-megawatt coal-fired power plant at Rampal in Bagerhat, officials said. The neighbouring country has also sought exemption from purchasing any insurance/re-insurance for the...

Studying Bangladesh\'s comparative advantages

Selim Raihan and Md. Jillur Rahman | 2016-06-12 00:00:00

The analysis of comparative advantage is important from the policy perspective. Trade policies of a country should be tuned to promote export items where the country has comparative advantage.  The Revealed Comparative Advantage (RCA) analysis, suggested by Bela Balassa in...

European integration with or without Britain

Kemal Dervis in Washington DC | 2016-06-12 00:00:00

When British Prime Minister David Cameron agreed with the European Union (EU) in February on revised terms for the United Kingdom's membership, he insisted that the EU be recognized officially as a "multi-currency union." With clear limits on European integration...

Hillary Clinton\'s Armani jacket

Zeenat Khan from Maryland, USA | 2016-06-12 00:00:00

Whether it is a first-world or a third-world country, women in general face sexism on a daily basis. In the western world, some people say feminism is no longer needed as sexism doesn't happen anymore. Nothing could be further from...

Let\'s get fiscal

Bill Emmott in London | 2016-06-11 00:00:00

Everyone knows there is no gain without pain. But there can be pain without gain - a lesson that Western populations have been learning the hard way since at least 2012. With years of fiscal austerity in the United States,...

BUTEX, affiliated colleges to raise number of seats

Mohammad Wazed Ali | 2016-06-11 00:00:00

The Bangladesh University of Textiles (BUTEX) and its four affiliated textile engineering colleges are going to raise the number of seats by around 300 to meet the increasing demand for textiles graduates for the country's ever-growing apparel and textile sector,...

Whither rural Bengal\'s traditional tranquillity and peace

Sarwar Md Saifullah Khaled | 2016-06-11 00:00:00

In the late nineteenth century Tagore in his famous poem "Dui Bigha Jomi" (Two bighas of land) portrays Bengal's villages as "Chayasunibir shantir neer chhoto chhoto gramguli" (Thickly shadowed tiny villages abode of peace). Many changes have taken place since...

Attitude of rural women towards savings and money management

KM Ahasanul Huque | 2016-06-11 00:00:00

The womenfolk in all sections of our society are normally seen to have a general propensity to save something for the future and in many cases they are found to be the main family members who more or less always...

The potential date holds out for Bangladesh

SM Shahidullah | 2016-06-11 00:00:00

As far as human knowledge goes, date is a unique fruit of the world that can be considered a complete balanced food for mankind. When it comes to calories and nutrition, it is better than many other foods and fruits....