Visiting UK Minister of State for International Development Desmond Swayne on Tuesday said extrajudicial killings cannot be tolerated in any democratic country and called for bringing the ‘perpetrators’ to justice. “Bangladesh is a democracy, and it’s essential that democratic values…
By Siv O’Neall Yanis Varoufakis says about Europe: “A clueless political personnel, in denial of the systemic nature of the crisis, is pursuing policies akin to carpet-bombing the economy of proud European nations in order to save them.” (‘Yanis Varoufakis…
Agartala: The Centre has sanctioned Rs 1,000 crore for laying of 15.06 km long tracks to connect Indian Railways with Bangladesh through the North East. “We were informed by the Centre on Saturday that it has sanctioned Rs 580 crore…
Financial Stability Report 2014 was unveiled on Sunday by Governor Dr. Atiur Rahman of Bangladesh Bank (BB), in a ceremony held at Jahangir Alam Conference Hall of the bank. The program was chaired by Deputy Governor Shitangshu Kumar Sur Chowdhury…
Addis Ababa – There is no one-size, fits-all solution for financing for development, remarked Mr. Wu Hong Bo, United Nations (UN) Under-Secretary-General for Economic and Social Affairs and Secretary-General of the Third International Conference on Financing for Development (FfD3), in…
The former Greek finance minster has said his country’s economic reforms are “going to fail”, just as formal talks on a huge bailout are set to begin. In a BBC interview, Yanis Varoufakis said Greece was subject to a programme…
By Thalif Deen UN.Jul (IPS) – Despite high expectations, the third International Conference on Financing for Development (FfD) ended on a predictable note: the United Nations proclaimed it a roaring success while most civil society organisations (CSOs) expressed scepticism over…
Countries have agreed on a series of bold measures to overhaul global financial practices and generate investments for tackling a range of economic, social and environmental challenges at the United Nations Third International Conference on Financing for Development, held in…
Danielle Nierenberg Farmers are the backbone of resilient local and regional food systems, yet many are aging or retiring. The FarmLASTS Project at the University of Vermont estimates that 70 percent of farmland in the United States will change hands…
BNP Chairperson Khaleda Zia yesterday (Tuesday) submitted her written reply to the Money Loan Court-1 of Dhaka in a case filed for default of Dandy Dying Limited. Begum Khaleda Zia’s lawyer Ahmed Azam Khan submitted the written reply on her…
Greece’s parliament has backed a government package of economic reforms aimed at ending the country’s debt crisis and securing a new bailout. After winning cross-party support in a late-night vote, PM Alexis Tsipras said he had a “strong mandate” to…
Finance Minister AMA Muhith on Thursday listed job creation and private sector mobilisation as two major challenges towards implementing the Seventh Five Year Plan (FY16-FY20). “The number one challenge (for 7th FYP) is job creation and then the 2nd challenge…
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday. European Council President Donald Tusk said this was now the “most critical moment in…
Bangladesh is an untold story”- Bangladesh Bank Governor Dr. Atiur Rahman said to the delegation of Swiss Export Credit Agency (SERV) in a meeting in Zurich on 29th June. A high level delegation from SERV, General Manager of Foreign Exchange…
Speakers at a human chain programme on Sunday urged the government to increase allocation for the service sector as well as to stop money laundering to abroad and corruption before spreading the Tax Net. Pay special attention to the education…
BNP chairperson Khaleda Zia on Sunday night said Bangladesh’s friendship with any country must be based on equality and any country should use its land giving transit fee. “Friendship [with any country] is good, but it should be based on…
One-day-old chick price has crossed all previous records on Sunday as one chick cost as high as Taka 73 and in the next few days it will rise to Taka 85-90 a piece in Comilla. All small pountry farmers of…
Ten farmers’ and rights based organisations termed the proposed budget for the year of 2015-16 as businessmen friendly not farmers friendly. The allocation for agriculture in the proposed budget for the incoming fiscal year is inadequate and suicidal for future…
“The National Board of Revenue (NBR) has been prepared a work plan to achieve the revenue target,” he said while addressing in the post budget press conference at Osmani Smriti Auditorium in the city. Industries minister Amir Hossen Amu, agriculture minister…
BNP leaders have termed the proposed budget as big size based on borrowing and the the growth rate remained fixed at 6 percent due to lack of investment and corruption. They said there are no directions about whitening black money…
Finance Minister AMA Muhith on Thursday proposed a national budget of Tk 295,100 crore for FY 2015-16 to what he said take the country on a higher growth trajectory, projecting a 7.0 per cent rate of growth. “I am sure,…
The European Union announces the release of EUR 10.5 million to the primary education sector of Bangladesh through its Sector Budget Support operation. This is the Third Tranche payment of the EUR 51 million EU’s contribution to the Primary Education…
Finance Minister AMA Muhith is set to unveil nearly a Tk 3 lakh crore budget for the fiscal year 2015-16 on Thursday likely eying a 7.1 percent GDP growth, down from 7.3 percent in the outgoing fiscal year. Like the…
BNP standing committee member Dr Abdul Moyeen Khan on Tuesday said the collapse of country’s economy could not be hidden through the speeches of government ministers. “Where is the country’s economy? Thousands of people are now floating on the sea.…
Agence Française de Développement (AFD), the French development finance institution, is going to provide loan worth 100 million Euros (equivalent to Tk850 crore) for establishing a stronger, more reliable and cleaner electricity network in Dhaka. AFD’s financial contribution – a…
Civil society members and some right groups yesterday demanded of the government for taking specific measures including stopping of illicit finance flow out of the country. Many people and traders are involved in laundering money from the country in different…
Planning Minister AHM Mustafa Kamal on Thursday said the provisional GDP growth in the current fiscal year has reached 6.51 percent although the government was earlier hopeful of achieving 7 percent. “The GDP growth in the current fiscal year reached…
Finance Minister AMA Muhith on Wednesday said the government is not going to lower the fuel price anytime soon despite its fall in the international market. He said this while talking to reporters after a pre-budget discussion with the secretaries…
Finance Minister AMA Muhith on Tuesday said the government has decided to implement the Value Added Tax (VAT) Act 2011 fully within a year. “The process to implement the law will begin shortly and cooperation from everyone is very much…
Bangladesh, the world’s second largest apparel exporter, has blacklisted one of its buyers from the United States.Seduka Jeans Inc USA stands boycotted by the Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA).The decision was taken after a request from the foreign…