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NBR to raise tax benefit ceiling on hybrid car import to 2500cc

Doulot Akter Mala | 2013-12-04 00:00:00

The National Board of Revenue (NBR) has decided to raise the tax benefit ceiling on import of hybrid cars to 2500cc from the existing 1800cc. The NBR will issue a Statutory Regulatory Order (SRO) shortly on it following the law...

8,000 Ansar members to guard 2,000 km rail lines

Munima Sultana | 2013-12-04 00:00:00

The Bangladesh Railway will deploy more than 8,000 members of Ansar to protect its operational lines along over 2,000 kilometres from violent activities. The decision came as attacks on rail lines and bogies continued throughout the country during the opposition-enforced...

Banks asked to take help of police for secure cash handling

Siddique Islam | 2013-12-04 00:00:00

Bangladesh Bank (BB) advised the commercial banks Tuesday to take police protection to ensure security for their cash management, particularly for Automated Teller Machine (ATM) operations, during the shutdowns and blockades. The central bank took the measure against the backdrop...

bKash eyes to be the largest m-banking service provider co in the world

Mohammad Ali | 2013-12-04 00:00:00

bKash Limited is looking to become the largest mobile banking service provider company in the world within the next few years, chief of the company said. "Branded itself as the world's second successful venture, bKash having stronger customer base in...

ICT Act: Infringement on freedom of expression

Abdulla Al Imran | 2013-12-04 00:00:00

Freedom of expression guarantees right of every individual to speak and write openly without any interference from the government. Individuals or groups can keep the public informed, and advocate in favour of alternative ideas, and provide their opinions about what...

Fading hope for a participatory polls

Syed Jamaluddin | 2013-12-04 00:00:00

All hopes for reaching an understanding on election process have not yet vanished. Informal dialogue is continuing after the announcement of election schedule. Different quarters are trying to involve BNP in the election process. If informal contact bears fruit, formal...

EC to spend Tk 5b for holding 10th JS polls

Shah Alam Nur | 2013-12-03 00:00:00

The Election Commission (EC) is going to spend nearly Tk5 billion to conduct the tenth parliamentary election scheduled for January 5, 2014. The cost for holding national election has increased nearly three times or 186 per cent compared to that...

Tanners want Tk 1.0b loan for relocation from Hazaribagh to Savar

Ismail Hossain | 2013-12-03 00:00:00

Tannery owners want Tk 1.0 billion term loan at lower interest rate for bearing cost of relocation from the city's Hazaribagh to Savar. They met Bangladesh Bank Governor Dr. Atiur Rahman recently seeking his help in this regard. They are...

Land phone business now going extinct

Jamal Uddin | 2013-12-03 00:00:00

The country's land phone business is on the verge of extinction. This has been attributed mainly to a rapid growth of mobile phone services and absence of proper initiatives from both the government and the operators. Already, nine private PSTN...

DoC set to take action against some errant audit officers

Badrul Ahsan | 2013-12-03 00:00:00

The Department of Cooperatives (DoC) is going to take action against a good number of its audit officers for their alleged negligence in auditing multipurpose co-operative societies which resulted in massive financial loss to hundreds of thousands of people across...

BSEC may extend timeframe of provisioning unrealised losses

Mohammad Mufazzal | 2013-12-03 00:00:00

The securities regulator is set to extend the timeframe of provisioning the unrealised losses calculated against the merchant banks' own portfolios up to December 31, 2014, officials said. The provisioning facility will be applicable for the losses counted in the...

The Warsaw climate deal: Is there reason for Asia to be cheerful?

Venkatachalam Anbumozhi | 2013-12-03 00:00:00

Negotiations at the Warsaw Climate Change Conference in November culminated in a compromise deal that commits the parties to a new international mechanism to address losses and damages linked to climate change. Under this plan rich nations are to pay...

Catching up with business trends in Internet era

Shariful Alam Bhuiyan | 2013-12-03 00:00:00

Since the era of IBM computers, technology has created many more new business opportunities. The Internet era has just done the wonders. New business models have been created and implemented in the age of technological revolution. Even this is not...

Ending chronic hunger

Abdul Bayes | 2013-12-03 00:00:00

We made a field survey to Rashun Shimulbari village under Fulbari upazila of Kurigram district. Kurigram was once known for serious food scarcity. For decades, the people of the village suffered from serious food shortage and were occasionally attacked by...

Standard garment arson: Should the criminals go unpunished?

Abul Basher | 2013-12-03 00:00:00

Thousands of workers left the building couple of hours before the fire was set in the Standard garment in Gazipur on November 29, 2013 but a few of their co-workers stayed back. For the former, walking into the building in...

US warns BD of gang out to weaken int\\\'l financial system

Syful Islam | 2013-12-02 00:00:00

The United States treasury department has informed Bangladesh about some individuals and entities involved in the acts of jeopardising the international financial system, sources said. Recently, the US embassy in Dhaka in a letter informed the ministry of foreign affairs...

NBFIs allowed to collect fixed deposit for 3 months

Siddique Islam | 2013-12-02 00:00:00

The central bank has relaxed its rules, allowing the non-banking financial institutions (NBFIs) to collect fixed deposit from individuals and organisations for three months instead of six months earlier, officials said Sunday. Under the amended rules, the NBFIs are allowed...

Portfolio investment up 21.1 per cent

Babul Barman | 2013-12-02 00:00:00

The portfolio investment on the country's prime bourse has increased 21.1 per cent in November as foreign fund managers now consider the market lucrative for long-term investment due to low prices of fundamentally strong stocks. The local investors were in...

Victims of violence

Neil Ray | 2013-12-02 00:00:00

The death toll in political programme-related violence has risen to about three dozens since October 25 last. Nine people succumbed to their burn injuries in just a month. In the latest major attack, thought to be the detonation of a...

Streamlining development administration

Shamsul Huq Zahid | 2013-12-02 00:00:00

The implementation of the annual development programme (ADP) has never been without troubles. Poor coordination among various government agencies, delayed release of funds, political interference etc., are factors that have constrained the implementation of development projects at the expected pace....

The nation in uncharted waters

M. Serajul Islam | 2013-12-02 00:00:00

The TV talk-show guests have run out of their wits. They cannot give the nation any hope any more. The international players also have played out their cards but the nation is still very much on the brink. The only...

Where is the country heading for?

Zaglul Ahmed Chowdhury | 2013-12-01 00:00:00

United Nations Secretary General Ban Ki Moon has once again written to Prime Minister Sheikh Hasina and Leader of the Opposition Khaleda Zia on the political situation prevailing in Bangladesh. The content of the two letters is not known, but...

Reclaiming city\\\'s open spaces

Khalilur Rahman | 2013-12-01 00:00:00

Dhanmondi playground at Road No 08 is now under illegal occupation of a private club. Members of the public are not allowed to use the playground. According to press reports, Sheikh Jamal Dhanmondi Club, a private organisation, has taken security...

DNCRP committees at union level soon

Talha Bin Habib | 2013-12-01 00:00:00

The Directorate of National Consumers Rights Protection (DNCRP) will form committees at the union level during the current month aiming to make consumers conscious about their rights, official said. In this regard the DNCRP will issue circular shortly to form...

No gold import policy yet: smuggling galore

Shah Alam Nur | 2013-12-01 00:00:00

Bangladesh is yet to formulate a gold import policy. Its absence has led to a hike in smuggling depriving the country of millions of taka revenue earnings, officials and business concerns said. They said due to lack of a government...

Medicine, software will cost more after TICFA signing

Shamsul Huda | 2013-12-01 00:00:00

Prices of medicine, software and other IT products may increase in the local market as under the recently-signed TICFA the local manufacturers may have to pay royalty for US patented products. Pharmaceuticals and software industry experts said, though just after...

Iran shakes up foundation controlled by Ayatollah\\\'s business empire

Steve Stecklow of Reuters from London | 2013-12-01 00:00:00

A multi-billion dollar organization controlled by Iran's supreme leader shook up the management of its charity division, appointing as its new chief a man involved in the confiscation of thousands of properties from Iranian citizens. Aref Norozi was named director...

How China took control of an OPEC country\\\'s oil

Joshua Schneyer and Nicolas Medina Mora Perez | 2013-12-01 00:00:00

China's aggressive quest for foreign oil has reached a new milestone, according to records reviewed by Reuters: near monopoly control of crude exports from an OPEC nation, Ecuador. Last November, Marco Calvopiña, the general manager of Ecuador's state oil company...

Corporate espionage undermines democracy

Ralph Nader of Reuters | 2013-12-01 00:00:00

It's not just the NSA that has been caught spying on Americans. Some of our nation's largest corporations have been conducting espionage as well, against civic groups. For these big companies with pliable ethics, if they don't win political conflicts...

Combining traditional classroom knowledge with real-world expertise

Masum Billah | 2013-12-01 00:00:00

We are to prepare our learners to face the challenges of the 21st century. So, the old-school model of passively learning facts and reciting them out of context is no longer sufficient to prepare them to survive in today's world....