NBR to adopt ‘soft manner’ in revenue collection: new chair

NewsWorld365 - January 4, 2018

  The National Board of Revenue will adopt a ‘soft manner’ in revenue collection so that economic activities, investment and livelihood of people are not affected, said its newly appointed chief Md Mosharraf Hossain Bhuiyan. Harsh manner is not an effective means to collect revenue, he said at the first meeting with the tax officials at the NBR conference room in the city’s Segunbagicha area. He also said that he was getting suggestions of examining whether every tenants and apartment owners of residential buildings in Dhaka have tax files or not. Revenue collection would grow significantly if all of them […]

US suspends millions in security assistance to Pakistan

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The US state department said on Thursday it was suspending security assistance to Pakistan until Islamabad takes action against the Afghan Taliban and the Haqqani network, which Washington believes is destabilizing the region. A state department spokeswoman, Heather Nauert, said she could not provide a dollar value for the suspended aid, but said it was in addition to the $255m in military aid it has already put on hold. Nauert said some of the aid could still be permitted if Islamabad takes decisive action against the groups. “Today we can confirm that we are suspending … security assistance only to Pakistan at this time until the […]

Can Eating Fish Make Kids Smarter?

NewsWorld365 - December 25, 2017

Myth has it that fish is brain food — but it just might be more than myth, a new study suggests. Kids who ate fish at least once a week had intelligence quotients, or IQs, that were nearly 5 points higher than the IQs for kids who ate less fish or none at all, the study found. Fish eaters also slept better. Though the study was done among Chinese children, American kids are just as likely to benefit from fish, according to lead researcher Jianghong Liu, an associate professor of nursing at the University of Pennsylvania School of Nursing in […]

Skill development is a must to attain SDGs: analysts

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Although 2 million people enter Bangladesh labour market every year the number of skilled workers is much less than the required, posing a challenge for the country to attain the Sustainable Development Goals, said analysts. They said workers’ skill development is a must to counter the challenge. Besides, freedom of expression, fair wages, decent workplace, job safety and protection of basic rights of the workers are also imperative. The analysts made the observations at a roundtable titled “Increasing productivity through decent work and favourable working condition” organised by Brac’s Skill Development Programme in the capital on Sunday. The government, recruiters […]

Cautious monetary policy announced to keep inflation comfortable

NewsWorld365 - July 30, 2015

 Unveiling the half-yearly monetary policy statement (MPS) on Thursday, Bangladesh Bank (BB) Governor Dr Atiur Rahman made it clear that his policy direction for the first half (H1) of the current financial year would pursue cautious stance in credit expansion to keep inflation at a comfortable level. In the MPS for the first half of the new 2015-16 financial year (FY16), the central bank projected 15.0 percent credit growth to private sector while the overall domestic credit growth would be 16.3 percent. The projections are higher than the preceding year’s actual domestic credit growth of 10.4 percent and private sector […]

House Building Corporation to expand easy credit in rural area

NewsWorld365 - July 28, 2015

Finance Minster AMA Muhith has given consent on Tk500 crore fund supply to Bangladesh House Building Finance Corporation (HBFC) to expand easy home loan facility in rural areas. He singed a summary on Thursday on the financial support from the government’s budget allocation of this fiscal year to the state-run body, said finance division sources. A HBFC official said the potential borrowers had already started lobbying and using political influence to get the loan given on easy terms. But it sparked a fear that the target people who are comparatively much needy might miss the credit facility if such use […]

Bad loans cut into banks’ profits in 2014

NewsWorld365 - July 27, 2015

High nonperforming loans (NPLs) eroded banks’ earnings last year, the central bank said in a report yesterday. Subsequently in 2014, return on asset and return on equity, the two major indicators to measure a bank’s profitability, decreased by 20 and 260 basis points to 0.7 and 8.1 percent respectively from a year ago. The rise in NPLs last year forced banks to set aside a major portion of their profits for provisioning, said SK Sur Chowdhury, deputy governor of Bangladesh Bank, at the unveiling of the Financial Stability Report 2014. Chowdhury blamed the high NPL of state banks for the […]

Bangladesh proposes joint venture power plant in India

NewsWorld365 - December 13, 2014

To bolster bilateral energy ties, Bangladesh has suggested setting up of a thermal power plant through a joint venture in India, reports The Economic Times. In this regard, Bangladesh has proposed that a coal block could be allocated to the joint venture entity while power generated from the plant could be supplied to Bangladesh. The proposed plant would be on the lines of 1,320 MW thermal project in Rampal- being jointly developed by NTPC and Bangladesh Power Development Board (BPDB)-in the neighbouring nation. “We have proposed that if we are given a coal block (by the Indian government) in India, […]

Oil price falls further on IEA energy forecast

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The price of oil has fallen further after the International Energy Agency forecast weaker demand in 2015. The IEA, a consultancy to 29 countries, said supply and demand would take “some time” to respond to sharp falls in oil prices. It said it was too early to expect low oil prices to start constricting a US supply boom. On Friday, Brent crude fell to below $63 a barrel, its lowest price since July 2009. The price of Brent fell by $1.83 to $61.85 a barrel, hitting lows last seen in July 2009. Meanwhile, US crude was down $2.14 to $57.81 […]

Gas will never be given for domestic uses: Muhith

NewsWorld365 - November 7, 2014

Finance Minister Abul Maal Abdul Muhith has said new gas connections will not be given to domestic users any more. “You will not receive the supply of gas at every household. Gas will not be supplied for domestic uses any more. Gas is a very precious resource. Steps have been taken to limit the use of this precious resource for domestic uses,” he said while speaking as the chief guest at an opinion-sharing meeting with public representatives and government officials at Bahubal upazila conference room in Habiganj on Friday morning. Muhith said also said no new gas connections have been […]

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