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EP concerned about BD situation

The European Parliament (EP) Delegation for South Asia has expressed its deep concern at the outbreak of political violence in Bangladesh culminating over recent days. euIn a press statement, Chair of the delegation for Relations with the Countries of South Asia of EP, Jean Lambert termed the current situation “profoundly disturbing”. She said: “basic freedoms, including freedom of assembly, speech, and movement have to be respected by all political forces, without exception.” The EP Delegation, in a statement issued in Brussels, called for “maximum restraint...

Obama to join Modi on radio phone-in during India trip  

US President Barack Obama will co-host Indian Prime Minister Narendra Modi’s regular monthly radio phone-in show next week as part of his packed three-day visit to New Delhi. Modi-obamaThe announcement was made in a tweet by Modi, who called on listeners to send in their questions for the January 27 edition of ‘Mann ki Baat’ (‘From the Heart’), which is usually in Hindi. “This month’s ‘Mann Ki Baat’ episode will be a special one, where our Republic Day guest @BarackObama & I will share our thoughts together,” Modi said. The prog...

UK lauds BD’s progress despite political turmoil

Despite the current “political conflict” between Awami League and BNP, UK parliament appreciated of the economy in Bangladesh. hartal“Despite the almost constant political turmoil, Bangladesh’s economy continues to perform remarkably well. While there remain many challenges ahead, good progress has also been made on social development,” a report of the House of Commons said today. Recently, the UK, US and EU condemned the violence and choking of democratic space that sparked centering the first anniversary of January 5 election earlier this mo...

BTRC proposes floor price for spectrum auction

The Bangladesh Telecommunications Regulatory Commission (BTRC) has proposed USD 30 million for per megahertz as the starting price in the forthcoming auction for the 1,800 MHz band. The regulator has also proposed USD 22 million per megahertz in the 2,100 MHz band, which the operators currently use for 3G service. The proposals were sent to the telecom ministry recently for approval, The Daily Star reports. btrcBangladesh will soon cross the 120 million mark in mobile subscriptions, but the quality of services is not satisfactory, as the operators are running w...

South Asia needs expanded VATs  

In its recent Global Economic Prospects report, published this month, the World Bank has called on countries in South Asia to broaden the scope of their consumption tax regimes, including by removing tax breaks and raising rates. taxThe World Bank report begins by pointing out that average deficits in the region grew by some two percent in 2013. Compared with pre-crisis levels, deficits were as much as six percent higher in some countries in 2013. The report, therefore, says that countries need to identify new revenue streams, to expand their "extreme...

Bank Asia’s new branch in Rangpur

The 99th Branch of Bank Asia started operation in the Rangpur town from Sunday (18 Jan, 2015). Rangpur City Mayor Mr. Sharfuddin Ahmed Jhantu formally inaugurated the new branch at Station Road in the town. DSCF7326Mr. Mosaddek Hossain Bablu, Former president of Rangpur Chamber of Commerce and Industries, Mr. Md. Mojaffor Hossain, Executive Vice President & Head of Bogra Branch, Bank Asia were, among other, present. Members of the business community, local elite and a large number of people also attended the auspicious event. T...
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