The Solar Home System (SHS) programme of the state-run Infrastructure Development Company Limited (IDCOL) is losing its edge because of growing renewable energy business and expansion of electricity network.According to a study, the sales of Solar Home System have declined by 891 units, on an average, a month over the...
Read moreThe country's private jute millers have urged the government to impose duty on export of raw jute to help curb its export and survive local jute goods producers.The local jute goods producers were facing difficulty in procuring the basic raw materials for their mills due to the export, they said,...
Read moreThe government is considering increasing the rate of cash incentive to 10 per cent for exporting PET bottle flakes for the current fiscal year (FY) 2018-19 to help protect the industry, sources said.The sector is now enjoying 5.0 per cent cash incentive while the rate was 10 per cent in...
Read moreThe acreage of potato cultivation is set to decline this year as farmers are switching to other crops after witnessing severe losses last year.As a result, potatoes might be pricier this year, experts said.Lower production of the crop, however, will help farmers get handsome price for their produce in the...
Read moreNEW DELHI, Jan 1 (Reuters): India's central bank on Monday said the proportion of commercial lenders' non-performing assets (NPAs) may fall slightly to 10.3 per cent by March, thanks to measures including the creation of a bankruptcy code.In June, the Reserve Bank of India (RBI) had said commercial lenders' ratio...
Read moreManaging Director of Berger Paints Bangladesh Limited Rupali Chowdhury inaugurating a Berger Experience Zone franchised to Dina Hardware Paint and Electric at Mohammadpur in the city recently with senior executives of the company present
Read moreCOLOMBO, Jan 1 (Reuters): The Sri Lankan rupee fell 19 per cent in 2018, making it one of the worst performing currencies in Asia, as heavy foreign outflows from government securities weighed on the local currency.The rupee hit a record low for a seventh straight session on Monday on continued...
Read moreWASHINGTON, Jan 01 (Reuters): US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.Dollar repatriation in the July-September period fell...
Read moreDUBAI, Jan 01 (Reuters): Oman's government released a 2019 state budget on Tuesday that slows spending growth but may not cut a big deficit that has caused international rating agencies to downgrade its debt to junk status.Spending this year is projected at 12.9 billion rials ($33.5 billion), up from 12.5...
Read moreSINGAPORE, Jan 01 (Star Line): Singapore's economic growth held above 3.0 per cent for a second year, Prime Minister Lee Hsien Loong said, calling on the nation to rally around a new team of leaders and ensure continuity as he prepares to step down.Gross domestic product expanded 3.3 per cent...
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