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Protest rallies must be peaceful: AHRC

The ongoing political crisis in Bangladesh has placed the nation into a deep state of uncertainty. The 15th amendment of the constitution is one of the important reasons for the current state of affairs in Bangladesh, says The Asian Human Rights Commission (AHRC) on Friday. AHRCPublic places in Bangladesh have become unsafe today for the people when protest rallies are held. Even without a public protest, person and property in the country does not have any guarantee to their security. The overall breakdown of law and order is of such state...

WB Group to help develop index-insurance solutions

The Global Index Insurance Facility (GIIF), an innovative program managed by the World Bank Group, today launched indexinsuranceforum.org, an online knowledge platform for index-insurance practitioners globally. The platform will feature knowledge products, research and discussions on key issues related to the development of innovative insurance solutions. IFC-logoThe platform offerings are geared to address vital areas of index-insurance including product design, sales and distribution, consumer education, sustainability and innovation and regulation. ...

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...

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...

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...

Diplomats want to know the solution

Several diplomats from various countries including the US, Australia and others, as well as UN representatives in Dhaka, have termed the ongoing violence as contradictory to democracy. They have asked the government what solution there was to emerge from this violent situation.

The diplomats expressed their concern over the violence, during a briefing by the foreign minister AH Mahmud Ali at the state guest house, Padma, yesterday. The foreign minister said that the government was taking all measures to ensure peace.
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