Caps on interest rates: A puzzling move

The recent announcement by the private sector commercial banks to put caps on interest rates--6 per cent on deposits and 9 per cent on loans--would certainly be welcomed by the banks' borrowers who have long been groaning, so to say, under the heavy weights of high interest rates ranging from...

Read more

Trump and his racist base have taken leave of their own history

The US Ambassador to Bangladesh praised the Bangladesh Government as a "beacon of hope and inspiration" for sheltering 700,000 Rohingya refugees on the occasion of the World Refugee Day. Ironically her praise came when President Trump made it clear that he would not allow the United States to "become a...

Read more