Finance Division rolls out SABRE+ to boost transparency in public sector
In a significant move to advance fiscal transparency and accountability, the Finance Division showcased the key features of the SABRE+ system -- State-owned Enterprises and Autonomous Bodies Budget, Reporting, and Evaluation System -- at a workshop held in Dhaka on Monday.Over 148 officials from the Finance Division participated in the...
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Spillways of Kaptai Dam open as water level rises
CHATTOGRAM, Aug 05: The 16 spillways of Kaptai Dam were opened on Tuesday as the water rose to dangerous levels due to heavy rains and onrush of upstream water.According to sources, 16 spillways of the dam were opened by 6 inches around 8:30 am releasing 9000 cusecs of water into...
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Record 10,202 taxpayers file e-returns on first day
A record-breaking 10,202 individual taxpayers filed their income tax returns online on the very first day of the e-return filing process for the fiscal year 2025-26, according to the National Board of Revenue (NBR).Finance Adviser Dr Salehuddin Ahmed officially inaugurated the electronic return (e-return) submission system on Monday, reports UNB.According...
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Gold prices fall from two-week highs
Gold slipped from a near two-week high on Tuesday as the dollar firmed, though losses were capped by bolstered bets on Federal Reserve rate cuts, reports Reuters.Spot gold was down 0.5% at $3,354.56 per ounce, by 1220 GMT. Bullion hit its highest since July 24 on Monday at $3,385.29. US...
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Oil slips as OPEC+ output hikes counter Russia disruption concerns
LONDON, Aug 5 (Reuters): Oil slipped over 1% on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about US President Donald Trump's threats to India over its Russian oil purchases.The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on...
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McDonald's to 'double down' on AI investment
HYDERABAD, Aug 5 (Reuters): McDonald's plans to "double down" on its artificial intelligence investments by 2027 and is betting on India to be a key hub for data governance, engineering and platform architecture, a senior executive said on Friday.The fast-food giant, which entered India in 1996, operates hundreds of restaurants...
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