Wealth amassed by the richest 1% will overtake the amount owned by the rest of the people in the world, according to a study by charity group Oxfam. The richest 1% of people will see their share of global wealth…
Category: Economy
Private insurers may help Indian farmers weather the storm
By: Sandip Das New Delhi – In a bid to protect farmers from erratic weather pattern, the government has invited private insurance companies, along with state-owned Agriculture Insurance Company of India (AIC), for providing various products relating to crop, weather…
‘100pc salary hike for armed forces personnel’
The committee, formed by the government for making recommendations to raise the salary of the armed forces, on Thursday in its report suggested a 100 percent salary hike fixing the minimum basic salary at Tk 8,200 while the maximum for…
New pay scale to magnify inflation: BB forecast for 2015
Contradicting Finance Minister AMA Muhith’s stance on new pay hike for government employees Bangladesh Bank on Monday said that the new pay scales would have ‘an upward pressure’. The central bank has said, the reasons for inflationary pressure include the…
Flower business booming at Benapole ahead of New Year
Flower farmers and traders at Godkhali in Jhikargacha upazila of the district are passing a busy time as their sale has got a boost ahead of the New Year’s Day.
Govt allocates rice for rural development in Joypurhat
The government has allocated more than 501 tonnes of rice under the ‘Food for Work Programme’ for rural infrastructure development of the district.
Will population growth end in this century?
New Worldwatch Institute analysis explores the debate about our planet’s future population. Washington D.C.-The human population nearly tripled from 2.5 billion people in 1950 to 7.3 billion today and will continue growing through 2070, according to two recent demographic projections.…
Rating agency trafficking financial information?
Greenwatch News The Bangladesh Securities and Exchange Commission (SEC) has started inspection into the alleged ‘trafficking’ of coutnry’s thousands of financial information to a neighbouring country by the Bangladesh Rating Agency Limited (BDRAL), informed sources said. The securities regulator’s inspection…
TI finds Bangladesh most corrupt in South Asia
Bangladesh ranked 14th from the bottom in the Transparency International’s Corruption Perceptions Index (CPI) 2014, two notches worse than last year’s 16th position, showing that the country’s overall corruption scenario has deteriorated compared to the previous year. Executive director of…
G20 summit ends outlining economic pledges
The Australian Prime Minister, Tony Abbott, has brought the G20 summit to a close by detailing economic pledges agreed by the world leaders. He said the package, if implemented, would boost global economic growth over five years by 2.1% more…
Isis to introduce its own currency, the Islamic dinar
Website affiliated with Islamic State says leader Abu Bakr al-Baghdadi has instructed his followers to start minting coins Islamic State says its leader has ordered that the organisation start minting gold, silver and copper coins for its own currency, the…
Inflation declines by 0.24 percentage point in October
The overall general point-to-point inflation rate slightly declined by 0.24 percentage point to 6.60 percent in October this year from 6.84 percent in the previous month (September). Planning Minister AHM Mustafa Kamal stated this while releasing the monthly Consumer Price…
DAE fixes 13.33-lakh tonnes wheat production target
The Department of Agriculture Extension (DAE) has fixed a record target of producing 13.33 lakh tonnes of wheat from 4.30 lakh hectares land in the country during the current Rabi season, official sources said.
No duty-free access to US, Tofail refutes Mozena claim
Bangladesh does not get duty free access of the exports to the United States, Commerce Minister Tofail Ahmed said Wednesday. Refuting US Ambassador Dan W Mozena’s claim of zero tariff facility for Bangladesh in the US, Tofail said this in…
Bumper production of flood tolerant rice expected in Bangladesh
The farmers are expecting bumper production of flood-tolerant rice as its harvest continues with excellent yield rate now in the country after expanded and successful cultivation during this Aman season.
Potato cultivation gets momentum in Joypurhat
Cultivation of potato has been getting momentum in five upazilas of the district during the current season amid much enthusiasm of the farmers after harvesting Aman Paddy.
Dried fish processing now at its peak in the Sundarbans
10,000 fishermen go into the Bay Dried fish processing is now at its peak in the Sundarbans as the char (shoals emerged from riverbed) areas here are bustling with the people involved in the industry.
Huge sale as thousands throng gender fair in Rangpur
Huge sale of the locally produced goods is being observed on the second day today as thousands of people thronging the gender fair arranged here for women empowerment through flourishing female entrepreneurship.
Agro-processing enterprises prospects bright in Rajshahi region
Prospects of agro-processing enterprises is bright in the Rajshahi region as it produces surplus crops especially food-grains, fruits and vegetables, business leaders, bankers, agronomists and researchers here said.
Extensive plan taken to cultivate winter vegetables
The Department of Agriculture Extension (DAE) has taken an extensive plan to cultivate winter vegetables in all the seven upazilas of the district during the current season.
How Congress crippled the recovery
By Mark Whitehouse As the U.S. prepares for a new round of congressional elections on Tuesday, it’s worth keeping in mind the huge influence lawmakers can have over the country’s economic well-being. Consider, for example, the role of budgeting decisions…
Separate outlay for persons with disabilities: Muhith
Finance Minister AMA Muhith on Monday said some ministries will have separate allocations in the upcoming budget for persons with disabilities. Responding to a demand of a delegation of Parliamentarians’ Caucus on Persons with Disabilities, he said it might be…
Peacekeepers from police earn Tk 4,000cr in 25 yrs
Members of the Bangladesh Police, engaged in UN peacekeeping missions at different trouble-torn areas of the world, have earned nearly Tk 4,000 crore in the last 25 years. Sources at the Police Headquarters said an amount of Tk 375 crore…
Slashing supplementary duty on fabrics import on cards
Amid the allegation that the fabrics imported for the cent percent export-oriented garment industries under the bonded warehouse system are often smuggled out, the government is planning to slash the supplementary duty (SD) on import of fabrics in a bid…
Per capita income now $1180: Minister
The country’s per capita income has now increased to $ 1180 from $ 1044, Planning Minister AHM Mustafa Kamal said on Wednesday. The Planning Minister revealed this after a meeting of the Executive Committee of the National Economic Council (Ecnec)…
Planning minister calls for income tax reforms
Planning Minister AHM Mustafa Kamal on Tuesday called for reforming the income tax ordinance 1984 for increasing tax revenue. “We must go for reforming the income tax ordinance 1984. I don’t understand why the ordinance has not been made an…
Annual Dev Program size to be Tk 790 billion
The annual development programme (ADP) for the upcoming 2014-15 fiscal year is being fixed at Tk 790.31 billion, a 17 percent increase over the current FY. Tk 81 billion is being earmarked for the construction of the Padma bridge, country’s…
Economic growth likely to experience a decelerating rate: Unnayan Onneshan
The Unnayan Onneshan called for prudent management of the economy as the economic growth in the current fiscal year is likely to experience a decelerating rate for the third time in a row from those of the preceding years.
Govt wants to be more tough on reconditioned cars
In a bid to reduce the import of reconditioned cars and encourage the import of new environment-friendly and fuel-efficient vehicles, the government seems to be harsh in the next budget on the import of used cars. According to sources at…
EU envoys urge Dhaka to remove obstacles to investment
Diplomats of the European countries in Dhaka on Thursday urged the government to remove the institutional obstacles to greater and quicker European Union (EU) investments in Bangladesh. They mentioned power, infrastructure, IT and services sectors where investment process needs to…