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Call money market hit by political uncertainty

Political uncertainty and slower economic growth have affected the call money market like many other sectors, Bangladesh Bank data shows. The call money rate, which banks and non-banks borrow and lend for short-term needs, went as low as 5.5 percent. To cash in on the situation, some banks have stepped in to raise funds. Total turnover for the last seven working days stood at Tk 54,770 crore, averaging Tk 7,824 crore a day. call moneyBB statistics show state-owned banks (SoBs), foreign and new banks were lenders in the call money market ...

Women bring about changes improving health in Bangladesh

Women have played a key role in bringing about changes in improving health in Bangladesh. Not only through the “massive and unprecedented deployment of diverse cadres of mostly female front-line health workers reaching every household” but in women who were empowered to take control of their own health and reproduction. “Pro-poor and pro-women” programmes, such as education and micro-finance, have reduced inequalities. Despite low spending on health, a weak health system and widespread poverty, the country has achieved great strides in life expectancy, vaccination rates, TB control and a child’s chances of surviving past the age of five, according to a series of focus papers published in The Lancet. <...

Ticfa to be signed today in Washington

The much-hyped deal — Trade and Investment Cooperation Forum Agreement (Ticfa) — will be signed today in Washington, which the government thinks will help expand trade and investment between Bangladesh and the USA through enhanced cooperation. Commerce Secretary Mahbub Ahmed, now in the USA, confirmed UNB through a text message on Sunday saying Ticfa will be signed at 10am (Washington time) on November 25. Acting Deputy United States Trade Representative Wendy Cutler and Bangladesh Commerce Secretary Mahbub Ahmed will sign Ticfa on behalf of their respective sides, reports UNB. United States Trade Representative Michael Froman will make brief remarks and preside over the signing of the United States-Bangladesh Trade and Investment Cooperation Forum Agreement (Ticfa).

HC issues rule on ‘No Vote’

Responding to a public interest litigation (PIL) writ petition, the High Court (HC) on Sunday issued rule asking the government and the Election Commission to explain why they should not be directed to bring amendment to the Representation of the People Order (RPO) to reintroduce the provision for ‘no’ vote. After a brief hearing on the PIL writ petition filed by two lawyers — Shahriar Majid and Rokanuddin M Faruq — an HC division bench comprising Justice Mirza Hossain Haider and Justice M Khurshid Alam issued the rule, which is returnable in two weeks. High Court

Iran, world powers reach deal in nuke talks

Iran struck a historic deal Sunday with the United States and five other world powers, agreeing to a temporary freeze of its nuclear program in the most significant agreement between Washington and Tehran in more than three decades of estrangement. Iranian President Hassan Rouhani endorsed the agreement, which commits Iran to curb its nuclear activities for six months in exchange for limited and gradual sanctions relief, including access to $4.2 billion from oil sales. The six-month period will give diplomats time to negotiate a more sweeping agreement. It builds on the momentum of the public dialogue opened during September’s annual U.N. gathering, which included a 15-minute phone conversation between President Barack Obama and moderate-leaning Rouhani, who was elected in June. ...

New pay commission headed by Dr Farashuddin

A 16-member Pay and Services Commission, headed by former governor of Bangladesh Bank Dr Mohammed Farashuddin, was formed to assess public servants’ salaries. Farash Uddin “Dr Mohammed Farashuddin has been made chief of the commission while former secretary Abul Kashem its member secretary,” Finance Division secretary Fazle Kabir told the media, reports UNB. On October 30, Finance Minister AMA Muhith announced the formation of two commissions to fix the salary structure of public servants and remove discrepancies in salaries among different ca...
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