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Amending Negotiable Instrument Act—II

Nironjan Roy in the second of his three-part article on Negotiable Instrument (NI) Act, 1881 | 2015-02-09 00:00:00

Sections 10 and 13 are an important part of Negotiable Instrument (NI) Act 1881 because these sections define 'Payment in Due Course' which is considered as the best mode of payment in the eye of law. Any payment made by...

A severe blow to civil liberty

Neil Ray | 2015-02-09 00:00:00

Prime Minister Sheikh Hasina may have ruled out the possibility of declaring a state of emergency but what people are encountering right at this moment is hardly any better than any such rule. They have in reality forced to regulate...

Making future citizens tax-complaint

Shamsul Huq Zahid | 2015-02-09 00:00:00

The National Board of Revenue (NBR) is reportedly mulling over introduction of tax education in secondary and higher secondary text books. There was a similar move in the past also. But for reasons of bureaucratic complexities, it was not successful....

The economy is bleeding

Syed Jamaluddin | 2015-02-09 00:00:00

The economy is bleeding as the oborodh (blockade) is disrupting supply chains. Every day the country is losing more than Tk 20 billion (2,000 crore) due to blockade and hartal (strike). The amount  would stand at Tk 25 billion (2,500...

Investors more enthusiastic about IPOs sans premium

Mohammad Mufazzal | 2015-02-09 00:00:00

Investors are found to be less enthusiastic about putting in their money in initial public offerings (IPOs) that carry premium than those with no premium, according to transaction statistics of the Dhaka Stock Exchange (DSE).  The size of public subscription...

Move to build more economic zones

Rezaul Karim | 2015-02-09 00:00:00

The government moves to develop 20 more economic zones (EZs) and an exclusive tourist rendezvous on the Teknaf beach of the Bay of Bengal, officials said.         They, however, said fresh plans on special economic zones are made, despite poor execution...

In oil price war, Gulf producers grab market share in Asia

Jacob Gronholt-Pedersen of Reuters in Singapore | 2015-02-09 00:00:00

Saudi Arabia's move to slash the price it charges in Asia for its oil this week to the lowest in more than a decade is the latest aggressive action by Gulf states to defend market share in the world's top...

Bank letter underpinning rescue deal was forged, admits Sahara

Sumeet Chatterjee of Reuters in New Delhi | 2015-02-09 00:00:00

Indian conglomerate Sahara Group said on February 5 that a letter intended to support a $2 billion transaction with a US-based former broker was forged, dealing a major setback to the group's efforts to secure bail for its jailed boss,...

Iran tells West Rouhani at risk if talks fail

Parisa Hafezi and Louis Charbonneau of Reuters in Ankara/New York | 2015-02-09 00:00:00

Iran's foreign minister has warned the United States that failure to agree a nuclear deal would likely herald the political demise of pragmatist President Hassan Rouhani, Iranian officials said, raising the stakes as the decade-old stand-off nears its end-game. Mohammad...

Move to include income tax edn in SSC, HSC text books

Doulot Akter Mala | 2015-02-08 00:00:00

The income tax authority has initiated a move to include income tax (IT) education in the national board curriculum of secondary and higher secondary education aiming to build awareness among the students. The wing recently formed a committee to prepare...

Amending Negotiable Instrument Act—1

Nironjan Roy in the first of a three-part article on Negotiable Instrument Act | 2015-02-08 00:00:00

After joining a bank at the beginning of career, this writer had to undergo a month-long extensive training programme before placement in the operational department. Although the training programme was designed to cover all banking areas including general banking, credit...

Upholding voters\\\' right in a democratic election

M. Serajul Islam | 2015-02-08 00:00:00

The fact that the 10th Parliament has had 154 of its members elected without a single vote cast has become an embarrassing issue for the government. It has raised serious questions on the legitimacy of the elections that, in turn,...

ICAB goes tough on errant auditors

Mohammad Ali | 2015-02-08 00:00:00

Auditors' grouping has taken punitive action against four accountancy firms and 14 students after it found them guilty of professional "misconduct," officials said. The Institute of Chartered Accountants of Bangladesh (ICAB) has fined two firms while scrapped licenses of the...

Projects falter on fund shortage

Rezaul Karim | 2015-02-07 00:00:00

Shore reservation along the India-Bangladesh river borders, the priority projects of the government, is limping with a severe fund crisis. Tk 3.71 billion has been allocated for completing the projects under the Bangladesh Water Development Board (BWDB) in the budget...

Taxpayers to be under \\\'third-party\\\' watch

Doulot Akter Mala | 2015-02-07 00:00:00

Government's revenue authority plans to introduce a new 'third-party information system' to crosscheck taxpayers' furnished information against their financial transactions. The mechanism being devised by the National Board of Revenue (NBR) is meant for checking tax evasion, officials said.   Under...

Online shopping thrives at DITF

Shah Alam Nur | 2015-02-07 00:00:00

Online trading at the Dhaka International Trade Fair (DITF) is getting popular thanks to the people's busy urban lifestyle and the increasing online accessibility. The products including textile and garments, leather and leather goods, footwear, furniture, kitchenware, bikes, electronic goods,...

BD moves to sign PTA with Lanka, not FTA

Syful Islam | 2015-02-07 00:00:00

Bangladesh is moving forward for signing a preferential trade agreement (PTA) with Sri Lanka aiming to enhance bilateral trade, officials said.  "Most of the stakeholders supported signing of PTA instead of going for free trade agreement (FTA). The issue is...

Prolonged political turmoil keeps investors at bay

Babul Barman | 2015-02-07 00:00:00

Stocks extended their losing streak for the fourth week in a row amid volatility as investors' confidence remained shaky amid lingering political strife. The week featured five trading sessions as usual. Of them, prime index of the Dhaka Stock Exchange...

Easing Bangla-India bilateral trade

Asjadul Kibria | 2015-02-07 00:00:00

Bangladesh-India bilateral trade is always a matter of sensitive debate and to many, the key reason for this sensitivity is the trade balance overwhelmingly tilted towards India. Experts have spent thousands of pages to analyse the trends, barriers and prospects...

Making land market more efficient

G.M. Khurshid Alam | 2015-02-07 00:00:00

Land survey is an important ingredient in the updating of land records. The survey, which leads to settlement, is seen as a temporary process where only certain parts of the country are covered at particular points of time. Table 3...

News from Davos

Hasnat Abdul Hye | 2015-02-07 00:00:00

For a change the World Economic Forum (WEF) held its four-day talk-fest at the Swiss ski resort Davos peacefully this year. There was no ugly and noisy demonstration by youths with protest placards in their hands struggling with security forces....

Impact of climate change on tourism

Ali Enayet | 2015-02-07 00:00:00

Climate change is already having a devastating impact on the lives of people around the world. Many of the poorest people and countries in the global South, especially Bangladesh and many developing countries, are suffering the worst of its effects....

Gibran Kahlil Gibran the poet

Md Saifullah Khaled | 2015-02-07 00:00:00

Gibran Khalil Gibran (1883-1931) was born in the Maronite family of Gibran in Bsharri, a mountainous area in Northern Lebanon. His mother Kamila Rahmeh was thirty when she gave birth to Gibran from her third husband Khalil Gibran, who proved...

Political blunder of outsize proportion

Nilratan Halder | 2015-02-07 00:00:00

In the political history of human civilisation, countries surely have  encountered far worse national crises than the one Bangladesh is facing today. But few in today's world have had the misfortune of waging a war against its own people. The...

2014 FDI flow drops slightly

Asjadul Kibria | 2015-02-06 00:00:00

The flow of foreign direct investment (FDI) to Bangladesh declined marginally by 4.0 per cent in 2014 after three years' of upswing. Provisional statistics available with the Bangladesh Bank revealed that the FDI inflow last year stood at $1.53 billion...

H1 trade deficit doubles

Siddique Islam | 2015-02-06 00:00:00

The overall trade deficit of the country more than doubled in the first half (H1) of the current fiscal year (FY) 2014-15 because of higher import payments and lower export receipts, officials said. The deficit increased by nearly 118 per...

NBR evolves 2-tier system to verify fake e-TINs

Doulot Akter Mala | 2015-02-06 00:00:00

The revenue board has introduced a two-tier verification system with passports and other valid documents to check inclusion of fake TIN (Taxpayer's Identification Number) in the new online TIN database. The system has been launched after the National Board of...

Third time remand order against

Fakhrul challenged | 2015-02-06 00:00:00

A writ petition was filed to the High Court (HC) on Thursday challenging the validity of the lower court order that had placed BNP acting secretary general Mirza Fakhrul Islam Alamgir on a five-day remand for the third time in...

A blend of economic theory and practices

Asjadul Kibria | 2015-02-06 00:00:00

Reading books on economics is not always enjoyable as most of the topics, presented with numbers, tables and charts, make the text a dry one. Nevertheless, sometimes we need to read these books due to the importance of an author,...

Does no-vote matter?

Md Jamal Hossain | 2015-02-06 00:00:00

Is no-vote significantly different from not-voting since in both the cases people don't vote for the existing political parties partly due to their lack of trust in those parties and partly because they don't want to elect them or they...