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‘Compensation’— the widely abused source

Shamsul Huq Zahid | 2014-11-19 00:00:00

Big projects in this part of the world turn out to be big money spinners for the unscrupulous section of people involved in their implementation. All avenues are explored to squeeze out the maximum possible unearned income from the funds...

Is the scheme’s continuation in perpetuity justified or not?

Mohammad Mufazzal | 2014-11-19 00:00:00

The policy about management of capital market-related trust funds, in the nature of Mutual Funds (MFs) and unit funds, is spelt out under securities rules. But this, according to some market-analysts, is not being properly adhered to, in the case...

NBR seeks info about tax payment status of research bodies

Doulot Akter Mala | 2014-11-19 00:00:00

The National Board of Revenue (NBR) has instructed its tax offices across the country to furnish information regarding tax payment status of the research organisations under their respective circles. The income tax policy wing sent letters to all the field...

Safe blood transfusion in govt hospitals in jeopardy

Shamsul Huda | 2014-11-19 00:00:00

Many patients are going for blood transfusion (BT) without tests in the public hospitals for the last two years as there is no government supply of blood bags, screening devices and grouping reagent kits, sources said. According to the sources,...

Modern agriculture: Farmers under pressure

B K Mukhopadhyay from Kolkata | 2014-11-19 00:00:00

Food security is one of the important areas which calls for immediate attention, especially in the background of globalisation. The agricultural sector contributes about 18 per cent of the Gross Domestic Product (GDP) in India, 5.5 per cent in Brazil...

True spirit of democratic governance

F R Chowdhury from London | 2014-11-19 00:00:00

In the United Kingdom, the last Labour government came to power led by Tony Blair through a massive victory in the 1997 general election. Tony Blair was hugely popular initially but lost much of his support when he joined hands...

Human beings are born entrepreneurs, not job-seekers

Muhammad Yunus concluding his two-part article | 2014-11-19 00:00:00

FINANCIAL INSTITUTIONS ARE DESIGNED FOR THE RICH: We have created a world for the rich by creating the financial institutions for the rich. If we want to get the poor out of poverty we have to create exclusive financial institutions...

Top apparel makers begin production automation

Shah Alam Nur | 2014-11-19 00:00:00

Country's top entrepreneurs in the readymade garment (RMG) sector are turning to automated production to graduate from the traditional system to increase competitiveness on the international market. Industry-insiders said the leading entrepreneurs are investing huge money to adopt latest technology,...

CPA sending CBA leaders abroad allegedly on \\\'pleasure trip\\\'

Syful Islam | 2014-11-19 00:00:00

The Chittagong Port Authority (CPA) is allegedly sending some labour leaders to Germany and China on 'pleasure trip' on the pretext of acquiring experience on port operation, official sources said. Secretary of the CPA Alauddin Mia recently sought permission from...

Wärtsilä offers cost effective support in power sector

Mohammad Ali | 2014-11-19 00:00:00

Wärtsilä, a global leading power plant and shipping equipments manufacturer, looks at growing double in Bangladesh by the next 15 years, as it sees the market very potential thanks to the country's rising economic growth that requires more power generation,...

Iraqis show no sign of uniting in response to massacre of Sunni tribe

Raheem Salman of Reuters | 2014-11-19 00:00:00

Islamic State's systematic massacre of hundreds of Iraq's Albu Nimr tribe should have been an unmistakable wake up call for a country that may not be able to stabilise without long-term support from Sunni tribesmen. But nearly a month after...

India urges higher pay for millions of Gulf workers

Rupam Jain Nair, Praveen Menon and Marwa Rashad of Reuters in New Delhi/ Dubai/ Riyadh | 2014-11-19 00:00:00

India is pressing rich countries in the Gulf to raise the wages of millions of Indians working there, in a drive that could secure it billions of dollars in fresh income but risks pricing some of its citizens out of...

Stocks extend losing streak for 4th day

FE Online Report | 2014-11-18 00:00:00

Stocks extended their losing streak for four straight days Tuesday with turnover falling further as investors remained in selling mood amid cautious stance. The market opened with a positive mood, but could not sustain as the session progressed. Eventually, DSEX,...

DSE, CSE up at opening

FE Online Report | 2014-11-18 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Tuesday, the third trading session of the week. DSEX, the prime index of the DSE, went up by 9.06 points...

Five SoBs seek Tk 100b to meet capital shortfall

Siddique Islam | 2014-11-18 00:00:00

Five state-owned banks sought over Tk 100 billion initially from government to meet their capital shortfalls measured by the Basel-II standard, officials said. The appeal from the capital-strapped banks was made at a review meeting of the banks with Bank...

Who gains, who loses?

Mohammad Mufazzal | 2014-11-18 00:00:00

The operational and management aspects of the longest-running - now over 33-year old since its launch in April 1981 -- unit certificate scheme of the state-owned Investment Corporation of Bangladesh (ICB) have raised a lot of questions. The questions revolve...

DMTCL starts functioning to execute metro rail project

Munima Sultana | 2014-11-18 00:00:00

The Dhaka Mass Transit Company Limited (DMTCL), the first-ever government-owned company to run mass transport system in the capital, has started functioning with a limited capacity after a delay of nearly two years. The Dhaka Mass Rapid Transit (DMRT) Project...

Govt cuts caffeine level of soft drinks by 27pc

Shamsul Huda | 2014-11-18 00:00:00

The government has cut the caffeine level of soft drinks by 27 per cent to 145 parts per million (ppm) to reduce their sedative risks in human body, sources said. The ministry of industries (MoI) has ordered all the carbonated...

Economic research: Challenges and the way forward

Shamsul Alam | 2014-11-18 00:00:00

Research is a methodological search for finding solutions to problems mankind faces in order to improve the quality of living standards.  Research helps reduce knowledge gaps by creating new knowledge and translating knowledge into action. All innovations are outcome of...

Why are we missing a collective destination?

Muhammad Yunus in the first of a two-part article | 2014-11-18 00:00:00

Will the present economic system be able to establish an appropriate level of moral, social, and material balance in the world?   I don't think it can. The present system is like an impersonal sucking machine which thrives on continuously  sucking...

Scion of Pakistan\\\'s dynasty struggles to shake off father\\\'s legacy

Mehreen Zahra-Malik of Reuters in Naudero, Pakistan | 2014-11-18 00:00:00

He was a 19-year-old Oxford undergraduate when his family named him chairman of Pakistan's oldest dynastic party. In the years that followed, Bilawal Bhutto Zardari, now 26, has been groomed to take over the dynasty and bring his family's political...

With new team in place, Modi tightens grip on power

Frank Jack Daniel and Rupam Jain Nair of Reuters in New Delhi | 2014-11-18 00:00:00

Anil Swarup is just the kind of man Prime Minister Narendra Modi is relying on to fix India - a high-flying civil servant with a taste for complex policy and swift decisions. Modi has drawn trusted bureaucrats into a tight...

Spotlight falls on Europe\\\'s stuttering economy

John O\'Donnell of Reuters in Frankfurt | 2014-11-18 00:00:00

As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession. While the United States...

Stocks slip for 3rd day

FE Online Report | 2014-11-17 00:00:00

Stocks closed lower for the third consecutive session Monday with sluggish turnover as the investors went for selling mood amid cautious stance. The market opened with a positive mood, but could not sustain as the session progressed. Eventually, DSEX, the...

EIA made mandatory for investment projects

Syful Islam | 2014-11-17 00:00:00

The government has made mandatory the environmental impact assessment (EIA) before approval of any investment project, as anything having negative impact on environment is now taken into account.     At the same time, official sources said, the government also has asked...

119 syndicates control country\\\'s Yaba trade

Shah Alam Nur | 2014-11-17 00:00:00

A total of 119 local and international syndicates are controlling the country's yaba trade, informed sources said. Law-enforcement agencies in recent times have found more than 100 local and 19 international syndicates involved in yaba smuggling. The syndicates are using...

Non-performing loans continue to rise

Siddique Islam | 2014-11-17 00:00:00

The volume of non-performing loans (NPLs) in the country's banking system continued to increase as a portion of rescheduled credits also turned classified for borrowers' inabilities to repay the money. According to official count, the quantum of classified loans increased...

Draft SAARC Motor Vehicles deal to be placed before cabinet today

Munima Sultana | 2014-11-17 00:00:00

The proposed SAARC Motor Vehicles Agreement will be placed before today's (Monday) cabinet meeting for approval without necessary scrutiny by agencies concerned to fix fees and charges for transportation of cargoes and passengers. Sources said the draft agreement which was...

Fortis Escorts ready to serve heart patients in Khulna

Special Correspondent | 2014-11-17 00:00:00

AFC Health Ltd, a concern of Active Fine Chemicals, has vowed to rein-in the outflow of a large amount of money from country's south-western zones through providing quality services to the heart patients. "We have a conservative study which reveals...

The discourse on taking back question papers

Md Jamal Hossain from Denver, USA | 2014-11-17 00:00:00

The answer to the question whether a teacher should take back question papers or not is contextual. It does not have any universal appeal. The culture of taking back question papers can produce different outcomes, depending on the social and...