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Bangladesh now a lower middle income country

Bangladesh yesterday graduated from the low income status to lower middle income nation (LMIC), meeting the World Bank’s requirements comfortably. This will be seen as a giant leap forward for the country to become a middle income nation after being bracketed as a low income country for decades. The promotion came on the back of the country’s stride towards higher per capita income in recent years, riding on stable economic growth. A playful child on a rickshaw. Dhaka, Bangladesh. May 16, 2007. (photo)The WB used last year’s data to determine this year’s ...

Form commission to set house rent: HC

The High Court (HC) today asked the concerned authorities to form high-powered commission to set house rent and resolving disputes between house owners and their tenants. The court ordered to form a seven-member commission within six months, with a jurist nominated by the Law Ministry as its chief, reports BSS. high courtThe HC division bench comprising Justice Mohammad Bazlur Rahman and Justice Md Ruhul Quddus passed the order acting on a writ petition filed by rights body Human Rights and Peace for Bangladesh (HRPB). Cabinet secret...

Working group formed on UNESCO world heritage

The government has formed a working group to work for inclusion of country’s archeological sites in the world heritage list of the UNESCO. The working group will determine Property Zone (core zone) and Buffer Zone of the archeological sites that will help those sites to be enlisted under the heritage sites, a press release said here. unescoThe Archeological Department with the direction of Cultural Affairs Ministry formed the 10-memebr working group with archeological department director general and deputy director (administration) as convener...

BB issues AML guidelines for NBFIs

Bangladesh Bank (BB) has issued compulsory anti-money laundering (AML) guidelines for non-banking financial institutions (NBFIs) to help combat money laundering and terror financing. Similar to those for commercial banks, the guidelines emphasized that NBFIs should know their clients and keep watch on their financial transactions with a foolproof monitoring system, reports BSS. bb-logoThe central bank in a master circular issued Monday advised the NBFIs to formulate policies and procedures to operationalise and ensure the observance of these guidelin...

28 killed in Darjeeling landslides

At least 28 people have been killed in landslides triggered by heavy rain in Darjeeling, Kalimpong and Kurseong sub-divisions of Darjeeling district in West Bengal last night. Most of the bodies of the victims were recovered while the rescue operation continues, reports BSS. darjilling landslideAn officer of Shashatra Seema Bal (SSB) told reporters today that the landslides have caused extensive damage to national highways disrupting road communications and telecommunication between Darjeeling and Sikkim. Twenty ...

PMO signs performance deal with six subordinate bodies

Prime Minister’s Office (PMO) for the second consecutive year signed ‘Annual Performance Agreement’ (APA) today with all its six subordinate bodies aimed at inspiring the organizations to perform ‘result oriented’ yearly activities. In the presence of Prime Minister Sheikh Hasina, PMO Secretary Suraiya Begum and heads of six subordinate organizations and projects under the PMO signed the agreements at Prime Minister’s Office to be applicable for fiscal year 2015-2016, reports BSS. pmoThe bodies came under the agreements are- Board of Investment (BoI...
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