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BB posts observer to Farmers Bank

Siddique Islam | 2016-01-14 00:00:00

The central bank appointed an observer to Farmers Bank Limited (FBL) to monitor its operations closely and help improve its financial health, officials said. Such corrective step came following probe findings on the new private bank's lending faults and information...

Muhith rejects plea for more tax benefits

Doulot Akter Mala | 2016-01-14 00:00:00

Finance minister AMA Muhith has turned down a proposal for widening tax benefit for investors and developers of the hi-tech park. His rejection came after the ministry of post, telecommunication and ICT recently requested the National Board of Revenue (NBR)...

India looks out

Arun Jaitley | 2016-01-14 00:00:00

Today more than ever, to paraphrase the poet John Donne, “no country is an island entire of itself”. India, too, has recognised this, becoming fully integrated into the world economy by way of trade in goods and services, as well...

Should monetary policy maintain its course?

writes Sharjil Haque in the first of his two-part article | 2016-01-14 00:00:00

We are again close to that time of the year when the central bank will announce a new monetary policy. We all know that the Bangladesh Bank (BB) has termed its monetary policy in recent times as 'accommodative' and 'growth-supportive'...

DU students become first runner-up at ICSQCC

FE Special | 2016-01-14 00:00:00

Ateam  from University of Dhaka, representing Bangladesh, became the first runner-up at International Convention on Students' Quality Control Circles held in Lucknow, India from 2nd to 5th December, 2015.  The convention strongly underlined the need to empower the students so...

writes Jamaluddin Ahmed in the concluding instalment of the three-part series

writes Jamaluddin Ahmed in the concluding instalment of the three-part series | 2016-01-14 00:00:00

The fifth version of the bureaucrat vs. bureaucrat type of politics is when reform disrupts the balance of power within the organisation or within the sphere of power in policy-making. This could be the competition between old bureaucrats and new...

Cutting yield rates of savings certificates

Asjadul Kibria | 2016-01-14 00:00:00

The trend of investment in the country continued to remain sluggish last year despite political stability - a key factor congenial to investment. This is the general conclusion in various analyses and reviews on the country's economic scenario in 2015....

Another white elephant in the offing?

Shamsul Huq Zahid | 2016-01-13 00:00:00

The Pangaon Inland Container Terminal (ICT) can be cited as the latest example of how whims, more than reasons, often come into play in taking up public sector development projects. More than 26 months after its formal launch, the government...

Quader terms findings on road mishaps baseless

Munima Sultana | 2016-01-13 00:00:00

Road Transport and Bridges Minister Obaidul Quader rejected a recent study findings on the number of last year's road accidents in the country, terming it 'baseless', as it was contradictory to national and international figures. "What is the basis of...

NBR to recheck SIM data to detect any tax evasion

Doulot Akter Mala | 2016-01-13 00:00:00

The National Board of Revenue (NBR) moves to examine authenticity of SIM replacement by four mobile-phone operators in a bid to check tax evasion, as a big amount already remained tucked under disputes.    Officials said the Value Added Tax (VAT)...

Shaping the Fourth Industrial Revolution

Klaus Schwab in Geneva | 2016-01-13 00:00:00

Of the myriad challenges the world faces today, perhaps the most overwhelming is how to shape the Fourth Industrial Revolution that began at the turn of the century. New technologies and approaches are merging the physical, digital, and biological worlds...

BSC on buying spree of Chinese ships

Syful Islam | 2016-01-13 00:00:00

China's Exim Bank has offered to finance procurement of four more ships for Bangladesh Shipping Corporation (BSC) which is hamstrung by shortage of necessary vessels amid growing shipment, officials said. The BSC is almost in the final stage of preparation...

Constant games played by power politics

writes Jamaluddin Ahmed in the second of the three-part series | 2016-01-13 00:00:00

There are constant games of bureaucratic politics among a handful of central agencies in the area of administrative reform. These contestations usually occur among the agency responsible for financial issues or the budget, the agency responsible for human resources management...

In and out of poverty

Abdul Bayes | 2016-01-13 00:00:00

Poverty can both be persistent or short-lived adducible to structural or temporary factors respectively. Persistent or long-term poverty implies a state of poverty that persists for a longer period of time. It is mainly fuelled by structural problems. On the...

Benefiting from oil price slump

M Jalal Hussain | 2016-01-13 00:00:00

The sustainability of the world economy depends mostly on the demand and supply of energy. The oil industry which supplies more than sixty five per cent of world energy consumption faces major ups and downs, and currently it is in...

BD gives UN detailed info on three N Korean ships

Syful Islam | 2016-01-12 00:00:00

The government provided last week details to the UN Security Council (UNSC) about three North Korean vessels which were brought to Bangladesh for dismantling, officials said. The three vessels, namely MV Great Hope, MV Ocean Galaxy, and Ocean Dawning are...

Excess liquidity cuts call money rate in 2015

Siddique Islam | 2016-01-12 00:00:00

The inter-bank call money rate has fallen sharply in 2015, as liquidity soared in the banks, the US-based Citibank NA Bangladesh said in its annual market update. The weighted average call money rate, which was at 8.57 per cent in...

The AIIB is ready for business

Jin Liqun in Beijing | 2016-01-12 00:00:00

The historic launch of the Asian Infrastructure Investment Bank (AIIB) in the coming weeks has been highly anticipated - and rightly so. With the start of operations, the AIIB will join the family of multilateral financial institutions in supporting broad-based...

PC up for framing nat\'l agenda to execute SDGs

Rezaul Karim | 2016-01-12 00:00:00

All ministries have been asked to submit by February 01 respective action plans on the Sustainable Development Goals (SDGs) as the government gears up for framing national agenda to execute the universal uplift blueprint.     As part of the move, General...

Adverse impact of MRT line on DU campus ruled out

Munima Sultana | 2016-01-12 00:00:00

The Road Transport and Highways Division has ruled out any effect of taking alignment of metro rail through the Dhaka University (DU) campus on existing buildings and environment. The comment of the Division came on Sunday after a group of...

PMCH internees go on strike protesting assault

motiarfe@gmail.com | 2016-01-12 00:00:00

PABNA, Jan 11: Internee doctors have gone into an indefinite strike at Pabna Medical College Hospital (PMCH) protesting against the assault on their two fellow colleagues over the death of a patient. The doctors staged demonstration in front of the...

Some of Rangpur pumps cheating buyers with adulterated fuel

sayedmofidulbabu@gmail.com | 2016-01-12 00:00:00

Our Correspondent RANGPUR, Jan 11: A section of unscrupulous fuel traders at different areas of the district are doing brisk business by selling adulterated and substandard fuel to the vehicle owners. Vehicle owners and drivers alleged that the fuel traders...

Reducing dependency on RMG and remittance

Noore Alam Siddiqui | 2016-01-12 00:00:00

The economy of Bangladesh is highly dependent on readymade garment (RMG) export and inward remittance. More than 9 million Bangladeshi nationals are now living all over the world. They are mostly labourers and sending billions of dollars to the country...

Political costs of bureaucratic politics

writes Jamaluddin Ahmed in the first of the three-part series | 2016-01-12 00:00:00

A country's administrative reform policy and its politics are deeply interconnected. The making of reform policies is politically-driven. The implementation of reform policies produces far-reaching political consequences for all parties concerned. Administrative reform programmes reallocate the power balance among government...

Trade deficit widens for higher import than export

Siddique Islam | 2016-01-11 00:00:00

Overall trade deficit of the country widened slightly as of November with import cost outstripping export earnings, officials said. The gap increased after a narrowing trend had prevailed over the past few months of the current fiscal year (FY). The...

Income tax collection faces setback in H1

Doulot Akter Mala | 2016-01-11 00:00:00

Income tax collection faced a substantial shortfall against the target set for the first half (H1) of the current fiscal year (FY), 2015-16, largely due to sluggish economic growth and bleak investment scenario. Income Tax Wing of the National Board...

Commercial counsellors at Kunming, Istanbul missions soon

Talha Bin Habib | 2016-01-11 00:00:00

The government has initiated a move to appoint commercial counsellors at Istanbul and Kunming missions considering trade potential, officials said.   "We have taken steps to appoint commercial counsellors in Istanbul of Turkey and Kunming of China for boosting our exports...

Facts and figures about us

Hasnat Abdul Hye | 2016-01-11 00:00:00

Almost simultaneously, two reports have been released in continuation of the past. Though apparently an annual ritual, the reports hold a mirror with fresh perspective to our human resource and the course of its growth and development. The two reports...

Free books are not free

Neil Ray | 2016-01-11 00:00:00

Celebration of books knows no occasion. Yet the Ekushey Book Fair this nation  has been observing has few parallel. There are certainly better arranged book fairs where business of millions of dollars are signed but Ekushey has its spirit of...

Perils of \"Green Revolution\"

Shamsul Huq Zahid | 2016-01-11 00:00:00

'Harmful pesticides in four vegetables' screamed the headline of the lead news item on the front page of the last Sunday's issue of a national vernacular daily. The report quoting the research findings of the National Food Safety Laboratory (NFSL)...