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Modi seeks ideas to replace Soviet-style planning

Rajesh Kumar Singh of Reuters from New Delhi | 2014-08-21 00:00:00

Prime Minister Narendra Modi this week sought suggestions from the public to help re-fashion the Soviet-inspired central Planning Commission that supporters say is in line with a new, open style of governance. Since he took over in May, Narendra Modi...

Stocks slip in red amid low turnover

FE Online Report | 2014-08-20 00:00:00

Stocks slipped in the red on Wednesday after previous session’s upturn as investors went for short-term profit-booking on large cap stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,553.86 points, shedding 22.50 points or 0.49...

DSE, CSE gain at opening

FE Online Report | 2014-08-20 00:00:00

The prices of most of the shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trend in early hours of trading on Wednesday, the third trading day of the current week. DSEX, the prime index of...

Govt plans to modernise BR with Tk 1.0 tr investment

Badrul Ahsan | 2014-08-20 00:00:00

The government has initiated short, medium and long-term plans to upgrade the country's railway communication sector through ensuring better services and transport facilities, officials said. Under the initiative, the government will require an investment to the tune of more than...

Interest rate on Treasury Bonds falls sharply

Siddique Islam | 2014-08-20 00:00:00

The interest rate on the Bangladesh Government Treasury Bonds (BGTBs) felt significantly Tuesday, as commercial banks rushed to offer bids in the auction, treasury officials of commercial banks said. The yield, generally known as interest rate, on 10-year BGTBs came...

To pay or not to pay against IBPs

Shamsul Huq Zahid | 2014-08-20 00:00:00

More than two years have gone by since the detection of the massive Hall-Mark scam in the middle part of 2012. But the country's banking sector, apparently, has not been able to deal with the fallout from the scam effectively...

No uniform guideline followed in Padma Bridge bidding process

Munima Sultana | 2014-08-20 00:00:00

The Bangladesh Bridge Authority (BBA) has not been following any uniform guideline in the process of bidding for different segments of work of the Padma Multipurpose Bridge (PMB) project. The BBA, sources said, is following a procedure that is more...

SWIFT to expand business in BD

Mohammad Ali | 2014-08-20 00:00:00

SWIFT, a cooperative society facilitating secure financial transactions worldwide, looks forward to expanding its footprint in Bangladesh in a bigger way, facilitating development of a strong and sustainable financial industry here.  "Through collaboration with the local industry, we are looking...

NBR changes mode of payment by listed cos

Doulot Akter Mala | 2014-08-20 00:00:00

The brokerage houses will deduct tax at a rate of 10 per cent from the income to be gained from securities by listed companies and firms, the NBR has said. In a circular, issued on August 18, the National Board...

Backed by US strikes, Iraq Kurds claim capture of strategic dam

Ahmed Rasheed and Michael Georgy of Reuters | 2014-08-20 00:00:00

Iraqi Kurdish forces said they recaptured Iraq's biggest dam from Islamist militants on Monday, as the United States launched air strikes to secure what has become a vital strategic objective in fighting that threatens to break up the country. An...

India calls off diplomatic talks with Pakistan

Rajesh Kumar Singh of Reuters in New Delhi | 2014-08-20 00:00:00

India called off on Monday peace talks with Pakistan, giving a jolt to renewed diplomatic efforts between the two nuclear-armed neighbours and adding to the troubles of Pakistan's beleaguered government. The move came nearly three months after Pakistani Prime Minister...

China eyes trade route deal with Mongolia

Ben Blanchard and David Stanway of Reuters | 2014-08-20 00:00:00

China expects to sign agreements to give landlocked and resource-rich Mongolia easier access to Chinese territory for its exports when President Xi Jinping visits the country this week, a senior diplomat said on Monday. Mongolia, nervous about over-dependence on its...

Russia may ban car imports if West applies new sanctions

Daniel Thomas in London and Tim Bradshaw in San Francisco | 2014-08-20 00:00:00

Russia may tighten retaliatory sanctions against Western nations to include a ban on car imports, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported this week. The impact of the measure on...

Digital Bangladesh to make life hassle-free

Abdullah Mohibuddin from Waterloo, Canada | 2014-08-20 00:00:00

On the 1st day of each month I sit with the computer to pay all monthly bills through online. Here in Canada, every bank has set up their internet banking. Internet banking is convenient, easy and 100 per cent secure....

Stocks return to green

FE Online Report | 2014-08-19 00:00:00

Stocks returned to the green on Tuesday after previous session’s flat movement with improved turnover as investors took position on large cap stocks amid optimism. The market started with a positive note which continued till the market closure. DSEX, the...

DSE, CSE up at opening

FE Online Report | 2014-08-19 00:00:00

The country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – advanced in early hours of trading on Tuesday, the second trading day of the week. DSEX, the prime index of the DSE, went up by...

District, upazila admn set to get powers to enforce building code

Shamsul Huda | 2014-08-19 00:00:00

An official committee is set to strike some changes including empowerment of district and upazila administrations for enforcement of the national building code. Some of the proposals relate to use of green power, energy efficiency and   the harvesting of rainwater...

Strategic plan on \\\'ocean economy\\\' in the offing

Syful Islam | 2014-08-19 00:00:00

The government is going to prepare a strategic plan on 'ocean economy' with a view to ensuring proper management and utilisation of the country's marine resources, sources said. Bangladesh won two maritime boundary cases in the International Tribunal for Law...

A tale of twenty villages

Abdul Bayes | 2014-08-19 00:00:00

'Oral history' (taken from memories) - the tales from village elders - could tell us about the transformation story of rural areas. It could possibly give us no less better a description of the reality on the ground than the...

Mobile banking takes financial services to unbanked population

Saleh Akram | 2014-08-19 00:00:00

Starting its journey in 2011, Mobile banking, commonly referred to as mobile financial services (MFS), has recorded phenomenal growth in Bangladesh in terms of financial inclusion. The MFS sector now has almost 15 million registered users transacting over TK65 billion...

July pharmaceuticals exports surge by 31pc

Shah Alam Nur | 2014-08-19 00:00:00

Country's pharmaceutical industry posted an envious export growth in the first month of the current financial year as its international-standard and diversified products are increasingly attracting importers from many countries. The pharmaceutical-product exports increased more than 31 per cent in...

Netanyahu undeterred by Hamas warnings in talks on ending Gaza war

Nidal al-Mughrabi | 2014-08-19 00:00:00

Prime Minister Benjamin Netanyahu said on Sunday any deal on Gaza's future had to meet Israel's security needs, warning Hamas it faced "harsh strikes" if it resumed firing into the Jewish state. With a five-day ceasefire due to expire late...

UN nuclear chief upbeat after \\\'useful\\\' Iran visit

Fredrik Dahl | 2014-08-19 00:00:00

Iran has given a firm commitment to cooperate with a UN nuclear watchdog investigation into suspected atomic bomb research, the head of the agency said after what he described as a "useful" visit to Tehran on Sunday. Yukiya Amano made...

Extreme medicine: The search for new antibiotics

Kate Kelland and Ben Hirschler of Reuters from Norwich (England) | 2014-08-19 00:00:00

Pampering leafcutter ants with fragrant rose petals and fresh oranges may seem an unlikely way to rescue modern medicine, but scientists at a lab in eastern England think it's well worth trying. As the world cries out for new antibiotics,...

The cost of caring for Europe\\\'s elderly nuclear plants

Nina Chestney and Susanna Twidale of Reuters from London | 2014-08-19 00:00:00

Europe's ageing nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and costing plant operators many millions of dollars. Nuclear power provides about a third of the European Union's electricity generation,...

The revolution of online teaching

Mohammad Shah-Al-Mamun | 2014-08-19 00:00:00

Teaching and learning methods have evolved quite radically with time. Nowadays, almost every modern classroom is equipped with multimedia facilities, and teachers deliver their lectures by using computers, projectors, audio and video references etc. The idea is to provide students...

Attaining MDGs: Combating climate challenge

Shamsul Alam | 2014-08-19 00:00:00

The government forest land covers both natural and plantation forest. Out of 64 districts, 28 districts had no public forest in the past. But now almost all districts have been brought under forest coverage through Social Forestry Programme. The ever-increasing...

DSE closes flat, CSE down

FE Online Report | 2014-08-18 00:00:00

Dhaka stocks closed flat on Monday amid choppy trading with turnover declining slightly as investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,554.14 points, shedding a fraction of 0.36 points after witnessing...

DSE rises, CSE slips

FE Online Report | 2014-08-18 00:00:00

The Dhaka Stock Exchange (DSE) witnessed positive trend at the opening while the Chittagong Stock Exchange (CSE) saw the reverse trend in early hours of trading on Monday, the first trading day of this week. DSEX, the prime index of...

Forgery with taxpayers\\\' pay orders detected

Doulot Akter Mala | 2014-08-18 00:00:00

Taxmen have, for the first time, detected forgeries of pay orders by vested quarters, raising concern over the security of taxpayers' money, sources said. Some taxmen in connivance with bank officials have encashed some pay-orders that the taxpayers submitted with...