Tk 80b shortfall in revenue collection until March

Aggregate tax revenue collection faced some Tk 80 billion shortfall until March triggering uncertainty over achieving the target for current fiscal year (FY), according to a provisional figure of the Board of Revenue (NBR). Officials said sluggish investment scenario and...

India: The challenges are immense

The need for the Congress-led United Progressive Alliance (UPA) to balance coalition politics took its toll on the speed of reforms. This, along with environment clearance issues, policy delays and inflation slowed down the investment cycle by companies. Tight monetary...

Market and love: Ominous form of rational approach

In the conventional family system, children support their parents in their old age and parents support their children in their younger age. Thus, parents and children are embedded in a mutually beneficial exchange that is not performed in market but...

Recasting education policy for development

With globalisation, a new horizon has been opened up in increasing trade and commerce throughout the world. During this time, people are free to work in jobs of their own choice,   try to sell their products or services at whatever...

What could be the shape of Indo-Pak ties if Modi comes to power ?

As India enters the last leg of its more than a month-long national elections, matters relating to several national issues and foreign affairs - including relations with the neighbours - are coming up in the campaign. One of the major...

\\\'Z\\\' category companies on rise

The number of 'Z' category companies continued to rise in both the bourses as a good number of 'A' and 'B' category companies and newly listed ones have been placed to the poor performers' group following their failure to recommend...

Stocks close flat amid see-saw

Stocks ended flat in positive on Monday amid volatile trading throughout the session with turnover rose slightly as investors remained cautious to take position. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,506.44 points, gaining only...

Stocks open positive amid volatility

Shares prices on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Monday amid modest see-saw. DSEX, the prime index of the DSE, went up by 8.75 points or 0.19 per...

USTR to review BD progress in RMG labour issues in July

The USTR is set to review the progresses made in labour issues by Bangladesh in its ready-made garment (RMG) sector in July next for reviving the generalised system of preferences (GSP), officials said.   The first-ever Bangladesh-USA meeting under the TICFA...

NBR set to raise paid-up capital limit to Tk 25m, cut cc to 1485

The National Board of Revenue (NBR) has decided to increase the limit of paid-up capital for taxicab business, and relax the limits of engine capacity in a bid to encourage investment in this sector. The Customs Wing of the board...

BSEC must remain alert on fabricated financial disclosures

The securities regulator cannot avoid its responsibility before allowing a company to go public with fabricated financial disclosers as the ultimate responsibility lies with the same, experts and market insiders said. Their observation comes after some companies allegedly got regulatory...

Net foreign investment in Dhaka bourse hits a new high

Net foreign investment into the Dhaka bourse hit a new high of Tk 5.72 billion in April, 2014 as foreign fund managers considered the market lucrative for long-term investment due to low prices of fundamentally strong stocks. The easing of...

One million motorcycles ply country without registration

More than a million motorcycles are plying the roads across the country without registration with the BRTA mainly because of higher registration costs and dilly-dallying of law enforcement agencies, sources said. Officials of the Bangladesh Road Transport Authority (BRTA) said...

Bank of England to take early but cautious action on UK housing market

The Bank of England's starkest warning so far about Britain's booming house prices is likely to be followed by cautious measures, possibly as soon as next month, as policymakers test out their new powers. Deputy Governor Jon Cunliffe told bankers...

India: Election manifestoes talk of similar buzzwords

As India undergoes general elections with 800 million eligible voters, what do the contenders for the Prime Ministerial role mean for its economy? Leading the race are Rahul Gandhi, the candidate of the Congress Party-led UPA coalition, and Narendra Modi,...

Urban conundrum of disappearance and death

Narayanganj, once a leading business centre, has already earned the notoriety of an urban conundrum of disappearance and death. The recovery of bodies from the river Sitalakhya  following abduction of Narayanganj city corporation  councilor Nazrul Islam, four of his aides,...

When delays pay dividends !

The Roads and Highways Department (RHD), one of the major spenders (and a top abuser also) of development funds has reportedly requested the Planning Commission (PC) for extension of tenure and additional fund for a bridge project. There is no...

Salvaging the jute sector

Public sector jute mills are in a bad shape. Their production has gone down for want of raw jute according to their needs. The traders are not willing to sell raw jute on credit to the Bangladesh Jute Mills Corporation...

Stocks see sharp decline

Stocks dipped sharply on Sunday, the opening day of the week, with turnover came down below Tk 4.0 billion mark once again as investors went for selling spree.The market started with a negative note and the downward trend continued till...

Stocks down at opening

Share prices on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downward trend in early hours of trading on Sunday, the opening day of the week. DSEX, the prime index of the DSE, went down by...

Move to bring 0.166m new taxpayers under tax net by June

The National Board of Revenue (NBR) has moved to add 0.166 million new taxpayers under its tax net by opening their income tax files within next month. The board recently instructed its field offices across the country to open tax...

Ukraine crisis worsens: Where is it going?

Russia has warned Ukraine of "catastrophic consequences" if the latter does not halt a military operation against the "pro-Moscow" gunmen in eastern Ukraine. This serves as an indication that Kremlin is moving closer to direct involvement in the months'-long crisis....

Tapping surface water source

It is good to know that the government has, at long last, signed a $250 million loan agreement with Asian Development Bank (ADP) to tap surface water for Dhaka city. The deal, signed last week for the implementation of sustainable...

Govt to build multistoried buildings in city

The government will construct multistoried buildings on its unused land in Dhaka to accommodate its employees, officials say. The buildings will be built on abandoned government land in the Banani, Gulshan and Dhanmondi areas in the capital aiming to reduce...

BEZA owns land at Mongla port to develop zone

The economic zone authority has owned lands in Mongla port area for the first time since its formation in 2010, officials said. The Bangladesh Economic Zone Authority (BEZA) has purchased the land within the Mongla port area at Tk470 million...

Every day, DBL has some activities under CSR, company MD says

Dulal Brothers Ltd (DBL) Group has taken the corporate social responsibility (CSR) as an obligation to the society and requirement to continue sustainable growth of the industry. "We incorporated the CSR activities in our company so that we can maintain...

Securing Bangladesh\\\'s share of Teesta water

The issue of sharing Teesta waters has not only remained unresolved but has also given rise to a host of other side issues. Two most tormenting ones relate to desertification and drastic fall in underground water level in the northern...

Let there be proper evaluation of MPO

Finance Minister AMA Muhith has said that the present government is not going to extend the MPO (monthly payment order) facilities. He said no new school will be brought under the scheme as the system has been destroying the secondary...

Why the Russian sanctions don\\\'t work

Why did the U.S. and European sanctions against Russia earlier this week trigger a rebound in the ruble and the Moscow stock market? To understand this paradox it is worth recalling Yes Minister, the British TV comedy about a blundering...

FY15 budget: Promoting inclusive growth

The budget for financial year 2014-15 (FY15) is in the offing. The development initiatives of the government in Bangladesh are mainly guided by a five-year plan, formulated in every five years on the basis of the review of the problems...