Govt set to extend takeoff time for tax holiday in power sector
The government is set to extend the takeoff time for availing the existing tax-exemption facility for power-sector investors until 2018 to lure huge investment needed to achieve ambitious targets.
Under the existing income-tax rules, private investors in the sector can enjoy tax-breaks for 15 years upon starting commercial production in their power plants by June 30, 2016.
The power ministry recently urged the finance ministry to take initiative for extension of the takeoff period beyond the June 30, 2016 cutoff time for availing the tax benefit, reports the FE.
Market regulator to form anti-money laundering cell
The Bangladesh Securities and Exchange Commission has decided to form an anti-money laundering and combating the financing of terrorism cell as per the requirement of the Money Laundering Prevention Act 2012, a BSEC senior official told New Age.
The BSEC took the decision at a recent meeting presided over by its chairman M Khairul Hossain, New Age reports.
Forming an anti-money laundering cell or wing is mandatory for all the reporting authorities who are concerned with the issue, BSEC executive director Saifur Rahman said.
To fulfill the req...
To fulfill the req...
Judicious use of water in agriculture stressed
Water experts at a workshop here on Monday stressed the need for the judicious use of water in agriculture as its scarcity is growing in South Asia.
They said farmers should be economic in using water and try to grow more crops with less water considering its emerging challenges, UNB reports.
The Asian Development Bank (ADB) in collaboration with the Bangladesh Water Development Board (BWDB) organised the regional workshop titled ‘Innovations for More Food with Less Water (MFLS)’ at Brac Centre Inn in the capital.
Chaired b...
Chaired b...
Nepal to enlarge its power picture following BD, India
Backed by new power trade opportunities in SAARC region, Himalayan country Nepal, with its sky high Hydropower potential, is taking ambitious power plans to have high augmentation in its generation capacity as well as cross border evacuation routes.
According to Nepalese Energy Minister Radha Kumari Gyawali, despite 83,000-megawatt hydro-power potential, Nepal suffers from a severe power crisis as it is able to generate barely 800MW. Even it needs to import electricity from India during winter. But, the country is expected to become power surplus by 2016. In due course of time, it will export electricity to India and other countries.
Jean Tirole wins 2014 Nobel Prize for Economics
French economist Jean Tirole won the 2014 economics Nobel Prize for his analysis of market power and regulation, the Royal Swedish Academy of Sciences said on Monday.
“Jean Tirole is one of the most influential economists of our time,” the award-giving body said. “Most of all he has clarified how to understand and regulate industries with a few powerful firms.”
The economist will receive an 8 million Swedish crown ($1.1 million) prize.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in M...
“Jean Tirole is one of the most influential economists of our time,” the award-giving body said. “Most of all he has clarified how to understand and regulate industries with a few powerful firms.”
The economist will receive an 8 million Swedish crown ($1.1 million) prize.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in M...
Girls at risk as Bangladesh mulls lowering marriage age, says HRW
Millions of girls are at risk if the Bangladeshi government goes ahead with a proposal to lower the age of marriage to 16, Human Rights Watch warned on Monday.
The impoverished South Asian nation has one of the highest rates of child marriage in the world, despite a three-decade-old law which bans marriage for girls under the age of 18.
Human Rights Watch (HRW) said Prime Minister Sheikh Hasina’s government was now considering an amendment to the Child Marriage Restraint Act, which would also lower the age of marriage of men to 18 from 21.
“Setting the a...
Human Rights Watch (HRW) said Prime Minister Sheikh Hasina’s government was now considering an amendment to the Child Marriage Restraint Act, which would also lower the age of marriage of men to 18 from 21.
“Setting the a...
