Modi government now wants a SAARC bank
The Narendra Modi government plans to call for a SAARC bank in the lines of BRICS bank to take forward its South Asia initiative that started with invitations to regional leaders to attend the prime minister’s swearing in ceremony in May.
India will propose a SAARC Development Bank at the regional grouping’s ministerial council in Bhutan starting Thursday, officials said.
“Commerce department has come out strongly in support of the South Asia Development Bank as it will go a long way in facilitating regional integration through financing of infrastructure for trade,” a government official told ET. “The final call will, however, lie with the partner countries,” the person added.
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NBR to launch drive for taxes from foreign nationals
The National Board of Revenue (NBR) has decided to launch a drive for realising taxes from the foreign nationals working in Bangladesh but not paying the due taxes against their incomes.
The NBR has directed its field offices to be tougher against the evasion of taxes by foreigners, according to sources at the tax regulatory body.
It sent a letter to its field offices in this regard instructing them to follow article 107 of the Income Tax Ordinance 1984 strictly, reports UNB.
According to the article, the foreign nationals working here will h...
It sent a letter to its field offices in this regard instructing them to follow article 107 of the Income Tax Ordinance 1984 strictly, reports UNB.
According to the article, the foreign nationals working here will h...
BB lifts agro-credit target to $ 2b
Bangladesh Bank has raised the farm credit disbursement target by around 7 percent to over 155.50 billion taka (about 2 billion U.S. dollars) for the current fiscal year 2014-15 (July 2014-June 2015) to support sharecroppers to augment domestic food production.
Bangladesh Bank (BB) Governor Atiur Rahman made the announcement at a press briefing here in Dhaka Monday and discussed farm-credit distribution guidelines.
Credit disbursement to agriculture sector exceeded the annual target for 2013-14 fiscal with a growth of about 10 percent over the previous fiscal ye...
Bangladesh Bank (BB) Governor Atiur Rahman made the announcement at a press briefing here in Dhaka Monday and discussed farm-credit distribution guidelines.
Credit disbursement to agriculture sector exceeded the annual target for 2013-14 fiscal with a growth of about 10 percent over the previous fiscal ye...
BB warns bankers on irregularities
The central bank yesterday strictly warned off all bank chiefs from pandering to irregularities at their institutions or else they would be removed from their posts.
Without mentioning any name, Bangladesh Bank Governor Atiur Rahman said: “We have done exactly that to a certain managing director recently.”
BB in May fired BASIC Bank Managing Director Kazi Faqurul Islam for presiding over a period of serious irregularities at the state-run bank, reports the Daily Star.
“The recurrence of irregularities can’t b...
BB in May fired BASIC Bank Managing Director Kazi Faqurul Islam for presiding over a period of serious irregularities at the state-run bank, reports the Daily Star.
“The recurrence of irregularities can’t b...
BB for lower interest rate on industrial loan
Bangladesh Bank will ask the scheduled banks to set a reasonable rate of interest on industrial loans in a bid to increase the inflow of credit in the productive sector, said officials of the central bank.
The BB will give the direction at a ‘bankers meeting’ led by its governor Atiur Rahman which will be held today at the central bank headquarters in the capital.
Managing directors and chief executive officers of all banks will attend the meeting, reports the New Age .
A BB official told New Age on Sunday th...
Managing directors and chief executive officers of all banks will attend the meeting, reports the New Age .
A BB official told New Age on Sunday th...
New shrimp farming system to boost yields
A growing number of shrimp farmers and processors are giving up traditional farming practices and turning to improved aquaculture to boost yields and exports.
Acreage of shrimp under a modern farming technology -- semi-intensive shrimp farming -- rose to 1,100 hectares this year from 800 hectares a year ago.
The improved farming practices were seen only on 10 hectares of land in 2002, said Prafulla Kumar Sarker, district fisheries officer of Khulna, a hub for shrimp farming and pioneer in modern practices, report...
The improved farming practices were seen only on 10 hectares of land in 2002, said Prafulla Kumar Sarker, district fisheries officer of Khulna, a hub for shrimp farming and pioneer in modern practices, report...
