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Hasina, Khaleda congratulate Narendra Modi

Prime Minister Sheikh Hasina and BNP chief Khaleda Zia on Friday congratulated BJP prime ministerial candidate Narendra Modi on securing a thumping mandate in the Lok Sabha polls. hasinaandkhaledaPrime Minister Sheikh Hasina on Friday congratulated BJP prime ministerial candidate Narendra Modi on securing a majority in the Lok Sabha polls, Bangladesh Premier's Special Assistant Mahbubul Hoque Shakil told reporters in Dhaka. Bangladesh Nationalist Party (BNP) chief and former prime minister Khaleda Zia also congratulated Modi who has l...

Selima receives Oslo Business for Peace Award 2014

Leading businesswoman of Bangladesh Selima Ahmad has received the internationally acclaimed Oslo Business for Peace Award 2014 for maintaining commitment to social responsibility and ethical values. She was given the award amidst a special function on May 15th, 2014 in the City Hall, Oslo; the same auspicious venue where the Nobel Peace Prize is presented every year. 6This award is considered the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society. The ...

Modi wins landslide victory in Indian election

After five weeks of voting and more than 550-million votes cast across India, preliminary results suggest an historic rout for the ruling Indian National Congress party and an astonishing, though widely predicted, victory for Narendra Modi and the country’s right-wing, Hindu nationalist Bharatiya Janata Party. Whoever emerges victorious in India’s elections, winning will be just the first of many challenges ahead, with the days of near double-digit growth a distant dream, says Breakingviews’ Andy Mukherjee. modiChange could be coming to India wit...

Tough road in Vienna to Iran nuclear deal

Iran and world powers will resume negotiating a final deal on Tehran’s nuclear programme Tuesday in Vienna while experts warn the hardest work is about to begin. IranRepresentatives from Iran and the U.S. indicated last month that the drafting of a final deal would begin during this round of talks scheduled for five days – the longest session since the extended talks that led to the interim “Joint Plan of Action” (JPOA) reached Nov. 24, 2013 in Geneva. “So far Iran has adhered to its undertaking, and it does seem that both sides are determined to s...

Bank borrowing gets speed in third quarter  

The government’s domestic borrowing increased substantially in the third quarter of the current fiscal year due to higher spending in the development programmes, officials said. It was also contributed by the maturity of a good number of treasury bills, compelling the government to pay back, reports the Dhaka Tribune. The net domestic borrowing stood at Tk18,419 crore as on March 13, almost double from Tk9,881 crore the government borrowed till December last, according to a document the Dhaka Tribune obtained yesterday. The March figure is 54% of the total budgetary estimate for the current fiscal year.

Remittance in May hits $378m    

The country received remittance amounting to about US$378.76 million in the first nine days of the current month, reports UNB. Meanwhile, the remittance inflow in April was US $1232.41 million, according to the latest data provided by the Bangladesh Bank (BB). The central bank data also showed that some US $ 14,461.14 million came as remittance in the last fiscal year (2012-13). remmitanceOf the total remitted amount till May 9 of the current month, the highest US$ 257.85 million came through the private commercial banks. This was follow...
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