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Democracy mere not a mystifying western plot

The slow unfolding of the sustainable development goals continued last month with the unveiling of the zero draft that will be negotiated in the runup to the summit in New York in September. How does the draft of 17 goals look from the perspective of an organisation dedicated to helping countries to strengthen democracy? The answer is not bad, but not good. [caption id="attachment_17757" align="alignright" width="576"]democracy A Bahraini pro-democracy protester gestures in front of a wall sprayed with anti-government graffiti. Photograph: Hasan Jamali/AP...

Banks’ poor performance weakens capital market

Banks’ scrips have become poor performing instruments due to lack of confidence of share investors for spread of negative impression about the sector following a series of large loan-scams in the aftermath of the much-talked bubble in 2010 that led to a huge catastrophe. Loan-scams, rise of non-performing loan (NPL), and low income of banks together have resulted in low or no-dividend for shareholders in recent years that drew less attention of investors on banks’ scrips, reports the Daily Sun. dse cseBangladesh Bank data shows the banks’ low income w...

BB buys 3.76b US dollars in FY15

In the wake of currencies losing their value worldwide, Bangladesh’s central bank bought up US dollars worth 3.76 billion from the commercial banks directly in the just-concluded fiscal year to keep the country’s money market stable. However, official figures show the amount purchased in FY 2014-15 as lower in volume than what were in the previous two consecutive fiscal years, reports The Financial Express (FE). bb-logoIn FY14 and FY13, the Bangladesh Bank (BB) had bought $5.15 billion and $4.54 billion respectively. On the other hand, the central...

SSNPs must not be deemed on political view

Though Social Safety Net Programmes (SSNPs) are considered as an important tool to reduce poverty in a country like ours, but a debate has been raised recently about the modus operandi of these programmes in Bangladesh. According to the reports published in media, questioned on poverty rate is raised by the Bangladesh Bank Governor about a year ago. As Bangladesh Bureau of Statistics (BBS) claims the current poverty rate is below 30 per cent, then why the government is paying allowances for 50 percent of the population under social net programmes. The debate has also been swelled up, as the allocation of the money under social cause is being misused or mismanaged due to ploticisation, corruption and exploitation.

Internet connectivity to Tripura from Bangladesh

Tripura will be gateway for reliable and super-fast Internet facility as Bangladesh government has agreed to allow India to use unspent bandwidth in the neighbouring country’s Cox Bazar, a BSNL official said today. “An agreement of using unspent bandwidth available at Bangladesh’s Cox Bazar has been signed internetrecently. The BSNL has taken initiative to implement the ambitious plan at the earliest,” Chief General Manager (NE-circle) of BSNL, D P Singh said. As per the agreement, Bangladesh government would allow the BSNL to use 10 GB Internet co...

Fincantieri to supply four OPVs to Coast Guard

Fincantieri has been awarded the contract with the Bangladesh Coast Guard (BCG) for the supply of four Italian Navy “Minerva” class corvettes to be upgraded and converted into Offshore Patrol Vessels (OPVs), and to provide the related logistics support services, the company said in its press release. These units, which will be decommissioned by the Italian Navy and replaced by the new vessels covered by the fleet renewal program, have been remised by the Italian Navy through a reselling contract coast guardexecuted by the Central Unit for Naval ...
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