Three out of six agencies that are responsible for the transmission and distribution of power have failed to cut down system loss to the levels the government set for March. The overall system loss in power distribution in the first nine months of the outgoing financial year stood at 14.16 per cent against a limit of 13.75 per cent the […]
The government has adjusted about Tk 7,230 crore with the subsidy allocation for the energy division in the budget of the outgoing financial year to offset the outstanding subsidy accrued in the past two financial years mainly for fuel oil import for rental power plants, officials said. In the outgoing 2013 financial year, the state-run Bangladesh Petroleum Corporation needed about […]
A copy of the government’s probe report on Tazreen Fashions fire would be submitted to High Court today deputy attorney general Biswojit Roy told New Age Saturday. Factory fire at Tazreen Fashions at Ashulia on November 24 last year killed 112 workers, mostly women. On May 30, a bench of Justice Quazi Reza-Ul Hoque and Justice ABM Altaf Hossain expressed […]
Newspapers Owners Association of Bangladesh on Saturday expressed concern over the proposed increase in the duty for newsprint import for publication and newspaper industry. In a statement signed by association president Mabubul Alam urged prime minister Sheikh Hasina and fiancé minister AMA Muhith to withdraw the proposal for increasing import duty on newsprint and printing plates made in the proposed […]
The Bangladesh Nationalist Party policymaking body has decided to employ the party’s total strength to win the upcoming elections to the city corporations. A meeting of BNP standing committee with the party chairperson Khaleda Zia in the chair at her Gulshan office on Saturday night took the decision, the meeting sources said. A standing committee member told New Age that […]
State-owned enterprises continued to incur heavy net losses for the third year with Tk 7,386.54 crore being whipped out from their coffer in the outgoing financial year. Finance ministry officials said that the purchase of costly rental power, subsidy on fuel oil, lack of demand for jute on the international market and mismanagement had resulted in heavy losses for the […]
The prime minister, Sheikh Hasina, has said the submission of adjournment motion of the opposition BNP in parliament and later its withdrawal, means that the BNP does not want to hold the dialogue. Hasina mentioned that the BNP thought that the ruling party would not accept the adjournment motion for discussion, but they (AL) accepted it in the Business Advisory […]
Speaker Shirin Sharmin Choudhury on Saturday said that opposition Bangladesh Nationalist Party could still discuss the issue of an election-time government despite having withdrawn the adjournment motion they had submitted last month. `There is little scope to discuss other issues during the budget session. But the parliament session will run some days after the passage of the budget when the […]
The government has asked the authorities concerned to examine visa details of foreign students enrolled on public and private universities in Bangladesh. The authorities have also been asked to keep watch on the movement of foreign students inside the country and the tenure of visas and overstay, home and education ministry officials said. Heads of all educational institutions have been […]
Professionals like doctors, lawyers, engineers, architects, chartered accountants, consultants and technical service providers, who do not have taxpayer’s identification number, will have to pay 15 per cent tax at source on their commission and fees. The rate of source tax on fees and commission of professionals and technical service providers having TIN will remain at 10 per cent. The government […]
The Federation of Bangladesh Chambers of Commerce and Industry on Saturday said that the proper implementation of the budget proposed for the 2014 financial year would be a challenge for the government as three governments would implement the budget. In its budget analysis, the organisation also termed the budget proposal realistic, friendly for all and not ambitious. The organisation, however, […]
Elections to over 1,500 reserved posts for women members in upazila parishads are unlikely during the present tenure of the parishads which will expire by May next year. The Election Commission is, however, making preparations for holding by-polls to some 30 posts of upazila chairman and elections to five newly-created upazilas after the Eid-ul Fitr. Though the upazila parishad system […]
Nobel Laureate Muhammad Yunus and US investor Warren Edward Buffett have been honoured by the Forbes 400 Philanthropy Summit at the United Nations in New York in presence of the world’s wealthiest business leaders. Over two hundred of the Forbes 400 billionaires assembled at the UN on June 5 to recognise Yunus and Buffett with the lifetime achievement awards. UN […]
Ruling Awami League general secretary and Local Government minister Syed Ashraful Islam on Saturday urged opposition BNP to bring back its proposal in parliament for a lively dialogue on election-time government. ‘We can assure you that we will not present any argument using our majority in parliament,’ he told a convention of progressive democratic workers at the Institution of Engineers […]
The US president, Barack Obama, on Saturday urged lawmakers to pass an immigration overhaul bill that the Senate is due to debate this week, saying that it was ‘commonsense’ though not perfect. ‘For years, our out-of-date immigration system has actually harmed our economy and threatened our security,’ Obama said in his weekly radio and television address. ‘The bill before the […]
Disaffection is reported from the ranks of the Jatiyatabadi Chhatra Dal, with many activists complaining that dedicated and educated leaders have been left out of the BNP student affiliate’s new committee. Even petty shopkeepers with no links to educational institutions have found their way into the committee, they allege. The BNP chairperson, Khaleda Zia, approved the 291-strong full committee of […]
Bangladesh Nationalist Party leader Rafiqul Islam Mia on Saturday said that the BNP withdrew a notice for an adjournment motion in order to avoid stepping into the trap of the government. Addressing a discussion marking the 32nd death anniversary of the late president Ziaur Rahman at the National Press Club, he said if the adjournment motion on the restoration of […]
A judicial magistrate court in Dhaka on Saturday allowed assistant subinspector Akidul Islam to be remanded in custody for interrogation for five days in connection with the custodial death of Shamim Sarkar, a businessman of Savar in Dhaka. Shamim, who went into hiding, was arrested at Gabtali in the capital Dhaka on Friday night. The Savar police officer-in-charge, Inspector Aminur […]
The Border Security Force of India spicked up two Bangladeshi schoolboys from Gorakmondol of Fulbari Upazila in Kurigram district on Saturday. The victims were Mizanur Rahman, 13, an eighth grade student of Fulmoti high school, and Al-Amin, 12, a seventh grade student of the same school. Kurigram-45 battalion Bangladesh Border Guard (BGB) Commander Lt Col Ziaul Haque Khaled said that […]
Sugarcane acreage has been steadily dropping in Bangladesh due to lack of support from the government. Growers said that the authorities were more interested to back sugar importers. The declining price of sugarcane which takes almost a year to grow was discouraging farmers in producing it. They said that lack of support from the government eroded growers’ interest in this […]
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