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Major powers turn the screws for Iran nuclear deal

Foreign ministers from major powers were set Thursday to turn the screws on Iran to finalise a historic nuclear deal on the eve of a deadline to present it to US lawmakers. If the US Congress does not receive the text by early Friday morning Vienna time—midnight in Washington—it makes the approval process longer and potentially more problematic. But despite this pressure, and almost two weeks of talks in the Austrian capital, it is unclear whether an accord aimed at ending a 13-year standoff can be sewn up at all, let alone in time, AFP reports. Iran nuclear d...
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Stocks end week delivering low returns

Stock market closed Thursday with moderate gain and delivering low returns against some large-cap securities including pharmaceutical and multinational companies (MNCs). The market opened downward on Sunday and extended a moderate losing wave to the next session as investors went for profit booking on stocks, which showed short rallies in previous week. stock marketThe falling trend was halted at the third session on Tuesday, with increasing participation around pharmaceutical and MNCs securities. The gaining trend continued till the end of...

EU parliament backs reform of carbon market

The European Parliament approved plans to overhaul the Europe Union’s carbon market, a key part of strategies to curb the EU’s global-warming emissions. Under reforms due to take effect in 2019, the Emissions Trading System (ETS) will set aside a portion of carbon credits if the surplus of emission allowances on the market exceeds a certain threshold, reports AFP. carbon marketThe reserve will then be put back onto the market if prices recover. The Market Stability Reserve (MSR) “is a crucial building block to help ensure that CO2 (car...

VAT Day tomorrow

The National Board of Revenue (NBR) is observing VAT Day tomorrow (Friday) and the VAT Week from July 10-16 for the fifth consecutive year. “Pay the VAT timely to contribute to the development of the country” is the main message of this year’s VAT Day and VAT week. NBR1State minister for finance and planning MA Mannan will launch the day’s programme by inaugurating a colourful rally at 9 am at the NBR Bhaban, which will end in front of the National Press Club in the capital city. Like previous years, the programme of the VAT Day and the VAT Week will also...

BD in right direction to exploit “Blue Economy”: ESCAP

Bangladesh has been moving in the right direction in exploiting “Blue Economy” and other countries should acquaint with the strategies of Bangladesh that are being implemented, a top official the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has said. blue economyESCAP Executive Secretary Shamshad Akhter made the comments while opening a side event titled “Outcomes of regional consultations on sustainable development (SD) and the post-2015 development agenda in Asia and the Pacific” at the UN headquarters in Ne...

7th Plan aims at faster poverty reduction, LCG told

The government in its upcoming 7th Five Year Plan aims at a faster pace of poverty reduction through higher GDP growth and better income distribution. It was stated at the Local Consultative Group Plenary Meeting held today at the NEC Conference Room here, reports BSS. 7th PlanThe Economic Relations Division (ERD) organized the meeting to share the core outlines and features of the 7th Five Year Plan with the development partners, said a press release. Finance Minister Abul Maal Abdul Muhith was present at the meeting as ch...
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