Business

NBR to bring 50 lakh people under tax net by 2021: Official

  

Pns: The National Board of Revenue (NBR) plans to bring 50 lakh people under tax net by 2021. "We want to bring 50 lakh people under tax net before the golden jubilee celebration of country's independence," NBR Member Abdur Razzaque told BSS.To this end, he said, NBR is working to knot up 7,000-8,000 people with tax net annually. The country has now 30 lakh E-TIN holders and as per the plan, NBR has to net another 20 lakh people within this stipulated time. Terming the...

BB to release new notes from Aug 27

  

Pns: Bangladesh Bank (BB) will release new currency notes for Taka 5 and Taka 100 in the market ahead of the Eid-ul-Azha from August 27. The new notes will be distributed from all branches of Bangladesh Bank across the country everyday until the Eid except weekly and government holidays, said a press release here today. The notes will also be distributed from Jatrabari branch of the National Bank, Elephant Road Branch of Agrani Bank, Bashundhara City (Panthapath) branch of the...

Tk 1725cr project on the cards

  

Pns: The Railways Ministry has initiated a move to convert the Parbatipur-Kownia railway track into a dual gauge one with Indian 2nd Line of Credit (LoC) to boost connectivity between Bangladesh and India, reports UNB. The ministry has sent a draft project proposal titled ‘Converting Parbatipur-Kownia railway track of Bangladesh Railway into dual gauge’ to the Planning Commission with an estimated cost of Tk 1,725.57 crore. The Bangladesh Railway will implement the proposed project...

Denmark assures support for Bangladesh’s green efforts

  

Pns: Denmark wants to provide help for a “greener Bangladesh” in close cooperation with the country’s public and private sectors, and encourage investment in its green growth. “Denmark is proud to be able to share its solutions and inspire companies and citizens in Bangladesh to invest in green growth,” said Danish Ambassador in Dhaka Mikael Hemniti Winther.In an Op-Ed published in ‘Energy & Power’ anniversary issue, the Ambassador said Denmark will continue to work for a...

SC unhappy over ACC probe

  

Pns:The Appellate Division of the Supreme Court (SC) yesterday expressed serious concern over the Anti Corruption Commission (ACC) not accusing former BASIC Bank chairman Sheikh Abdul Hye Bacchu and directors in connection with the loan scam cases. “We don’t want to see that the ACC follows a ‘pick and choose’ system to file such a scam case. No one is above the law. All accused should be brought to book in accordance with the law. The SC itself will monitor the case so that all cases could...

Bangladesh becomes attractive destination of FDI: Japanese envoy

  

Pns: Outgoing ambassador of Japan in Dhaka Masato Watanabe today said Bangladesh has turned into an attractive destination of Foreign Direct Investment (FDI). "The present government has initiated economic development under the leadership of the Prime Minister Sheikh Hasina. For this, the country has become an attractive destination of FDI," he said while paying a farewell call on Industries Minister Amir Hossain Amu at the industries ministry in the city, said a press...

Move to frame ‘Net Metering Policy’ to promote rooftop solar power

  

Pns: The government has initiated a move to conduct a study on framing Net Metering Policy, aiming to promote rooftop solar energy across the country, RE, reports UNB. According to official sources, under the proposed policy, users of rooftop solar power can sell their unconsumed electricity to the government or adjust the bills of conventional electricity use through an exchange arrangement."This means a user of a rooftop solar panel can sell his extra or unused electricity to...

Bangladesh inks 1m-tonne Thai rice deal, backs FTA

  

Pns: Bangladesh has signed a memorandum of understanding (MoU) to buy 1 million tonnes of Thai rice a year, and agreed to start talks with Thailand on forming a bilateral free trade agreement (FTA), which would double trade value to US $2 billion (66.5 billion baht) by 2021, reports Bangkok Post. On the sidelines of the meeting, Bangladeshi Food Minister Qamrul Islam also signed an MoU with Ms Apiradi for Bangladesh to buy 1 million tonnes of Thai rice a year in...

DSEX reaches new high

  

Pns: Stocks opened the week mixed on Sunday with rising trends of the major indices of country's two stock exchanges, which took the major price index of Dhaka Stock Exchange (DSE) to a new high despite lower transactions. DSEX finished the day with 19.79 points up at 5,921.59 which were the highest after the introduction of the DSEX on January 27, 2013. The blue-chip DS30 also followed the same trend with 0.32 point up at 2,126.03. But the Shariah DSES closed the day with 3.14...

Teletalk set to lose subscribers for poor service: Report

  

Pns: The subscriber base of state-run cellphone operator Teletalk is set to see a sharp fall if it fails to improve its service standard, says a recent report. The findings came from the impact evaluation survey report conducted by the Implementation, Monitoring and Evaluation Division (IMED) of the Planning Commission on a project titled 'Introduction of 3G technology and extension of 2.5G network'.The report says Teletalk subscribers are now switching over to other mobile phone...

Developed by Diligent InfoTech