Rajshahi, May 9 -Demanding immediate publication of gazette notification scrapping the quota system the students of Rajshahi University (RU) formed a human chain on the campus on Wednesday.
Category: Economy
School bus, corporate tax cut likely in next budget: Muhith
Dhaka, May 15 – There will be an announcement to introduce school bus and corporate tax will be reduced in the upcoming budget, finance minister AMA Muhith said Wednesday.
Job quota protesters’ ultimatum for Gazette notification
Bangladesh General Students Rights Protection Alliance on Wednesday gave the government a 24-hour ultimatum to publish a gazette notification on abolishing quota system in government jobs as per the Prime Minister’s announcement.
Armenia’s velvet revolution
In 1978 Vaclav Havel wrote The Power of the Powerless in which he argued against the communist regime, maintaining that it forced people to “live in a lie”. For Havel, the resistance against the lie was to begin living in…
Banking sector plagued by financial scams, weak overseeing
Dhaka, May 8 – The banking sector in Bangladesh has been plagued by financial scams, non-performing loans and weak monitoring problems, which might cause a macroeconomic risk in the near term though Bangladesh is expecting faster growth, says a UN…
Quota protesters to stage human chain Wednesday
Dhaka, May 8 – Quota reform protesters will form human chains at colleges and universities across the country on Wednesday as the government is yet to publish a gazette based on prime minister’s assurance of abolishing quota system in civil…
‘No instruction from PM office on quota abolition’
Senior Secretary of the Public Administration Ministry Mozammel Haque Khan on Tuesday said gazette notification on the abolition of the quota system in public service will be issued once they get instructions from the Prime Minister’s Office (PMO).
The premature death of Marx
Most Marxists and anti-Marxists alike probably fail to realise that the highest praise for capitalism is to be found in Marx and Engels, Manifesto of the Communist Party (1848), that readily recognised that the capitalist system promoted urbanisation, industrialisation, technical…
Remittances to Asia- Pacific helping millions of families
Kuala Lumpur, 7 May: Last year, migrant workers sent US$ 256 billion to their families in the Asia-Pacific region, according to the report “RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific” and a new webportal on remittances…
Standard dilemmas of left politics
On a day-to-day basis, it is hard to break free of a mindset dominated in the UK by the details of the Brexit negotiations or in the United States by the tweeting of an emotionally volatile president. But in both…
Asia markets mostly up after Wall St surge, Iran fears boost oil
Most Asia markets rose Monday following a blistering lead from Wall Street as a soft jobs report soothed concerns about rising US interest rates, while oil prices extended a rally ahead of Donald Trump’s decision on the Iran nuclear deal.
Time for a global financial makeover
Liu Zhenmin NEW YORK – In 2015, United Nations member states came together and committed to achieving a comprehensive and universal set of 17 Sustainable Development Goals (SDGs) spanning all dimensions of economic and social development.
ACC concerned over wife’s liability to husband’s graft
Dhaka, May 6 – The Anti-Corruption Commission, (ACC) is concerned about 118 cases of corruption against men and the provision of punishment of women along with husbands, said Iqbal Mahmud, Chairman, ACC.
Sale of debt-laden Air India fails to take off
The Indian government’s attempt to sell debt-laden national carrier Air India is in danger of hitting the skids as a key deadline looms with no bidder in sight. Prime Minister Narendra Modi’s administration announced in March that it would privatise…
Fund for smart and green shipping in Finland
INTENS, a VTT-coordinated Finnish research-industry collaborative consortium, has jointly committed over €13 million in the next three years, with the ardent funding support of €5.6 million from Business Finland, to proactively advancing, promoting and digitalizing Finnish marine industries and beyond,…
Investing in the potential of rural entrepreneurs
IFAD Associate Vice-President visits project in the Philippines Rome, 05 May – Charlotte Salford, Associate Vice-President of External Relations and Governance at the International Fund for Agricultural Development (IFAD), is in the Philippines this week to visit an IFAD-supported project…
200 years on: Karl Marx still relevant
BRUSSELS/BEIJING, May 5 – In September 1999, the BBC launched an online poll to find the greatest thinker of the millennium. Karl Marx, a great German philosopher and pioneer of the international communist movement, topped the list, leading Albert Einstein,…
ADB’s net allocable income for 2017 reaches $690.1 million
The Asian Development Bank’s Board of Governors has adopted a resolution to allocate $690.1 million in net allocable income of its 2017 Ordinary Capital Resources (OCR) at ADB’s 51st Annual Meeting in Manila.
Internet is the main platform of economic activity: Palak
Jashore, May 4 – State Minister for Information and Communication Technology Junaid Ahmed Palak on Friday said the Internet is the main platform of economic activity in today’s world.
Citigroup eyes Saudi expansion
Citigroup is considering seeking a full banking licence in Saudi Arabia as Western banks aim to capitalise on Saudi economic reforms, with rival HSBC announcing it has won mandates for several privatisations in the kingdom More than a dozen foreign…
Should ‘modalities’ for finance info be part of Paris mandate
Bonn, 4 May (Meena Raman) – Parties were divided on whether the issue of ‘modalities’ for the biennial communication of indicative information on the financial resources available to developing countries under Article 9.5 of the Paris Agreement (PA) is part…
Top 7 disruptive technologies for cities
By Abhas Jha Imagine you were working in development and poverty reduction in the early 1990s (I was!). Only one website existed in all the world in August 1991 (today there are over 1.5 billion). Mobile phones were expensive, rare,…
Joint efforts sought for South Asian Economic Union goals
12th Saarc finance ministers meet held in Manila Manila (Philippines) – The 12th informal meeting of Saarc Finance Ministers was held here on Friday underscoring the need for concerted efforts to attain the objectives of South Asian Economic Union. The meeting…
Slumping economy overhangs Saudi reform efforts
A slump in Saudi Arabia’s economy cast a shadow over ambitious plans for reform as top officials met businessmen to discuss freeing the kingdom from its dependence on oil exports. At a conference with hundreds of foreign and local bankers…
Asian equities track Wall St loss, China-US trade talks in view
Most Asian markets dipped Thursday following a sell-off in New York as investors keep an eye on top-level talks between China and the United States on trade, while the dollar’s latest rally lost a little steam.
Food systems in South Asia at crossroads: IFPRI
Dhaka, May 2 – Food systems in South Asia are at a crossroads and climate change is the most pressing issue the region facing with implications for the food security of already vulnerable populations, an international think tank has said.
Australia’s biggest company CBA slammed for ‘complacent culture’
Australia’s biggest company, the Commonwealth Bank, has a complacent culture and ineffective board, the country’s financial services regulator said Tuesday in a scathing assessment after a series of scandals.
Infrastructure to be prioritised in next Budget: Muhith
Dhaka, May 1 – Finance Minister Abul Maal Abdul Muhith has said the government will give priority on power and energy, infrastructure, education and health sectors in the upcoming national budget for fiscal 2018- 19.
Gazipur Mayoral candidates promise to build a clean city
Dhaka, April 30 – The mayoral candidates in Gazipur City Corporation polls Monday Promised to build a clean and modern city as well as solve the important problems of city peoples. They also placed their various plans to solve these problems…
Eco-friendly production prerequisite to achieve SDG, say expert
Dhaka, April 30 –To achieve Sustainable Development Goals (SDG) by 2030, the private industries have to be more eco-friendly, said experts at a roundtable in the city on Monday.