Govt officials to be brought under NBR scrutiny for illegal wealth

The National Board of Revenue (NBR) is taking preparations to put under its scanner the government officials suspected of accumulating illegal wealth and assets through corruption, reports UNB.The revenue collecting authority is taking the move aiming to supplement the government's move for establishing a discrimination-free and corruption-free Bangladesh. "Definitely we...

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Thyssenkrupp steel head prepares staff for ‘tough’ cuts

FRANKFURT, Sept 28 (Reuters): Thyssenkrupp's 27,000 steel workers must brace for deep cuts, the new head of the conglomerate's steel division told a German newspaper, setting the stage for significant layoffs."Tough cuts are necessary. We have to become more profitable," Dennis Grimm, spokesperson for Thyssenkrupp Steel Europe's (TKSE) executive board,...

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India seeks 6,000 MW of peak renewable power supply with storage

NEW DELHI, Sept 28 (Reuters): India is seeking bids to supply 6,000 megawatts (MW) of electricity from renewable energy power projects for assured peak-hour supply with storage, according to a tender issued by state-run SJVN.India is looking to connect a record 35 gigawatts (GW) of solar and wind energy capacity...

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Gold pushed to new records as India demand reignites

LONDON, Sept 28 (AFP): Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanised local demand.India, the world's second largest consumer of gold jewellery, cut the import tax on gold in...

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