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Bangladesh

NBR likely to miss FY 2013-14 target  

The National Board of Revenue is likely to miss the target of realising Tk 1,25,000 crore revenue in the just ended fiscal year 2013-14 as the board fetched around Tk 1,03,625.31 crore during the eleven-month of the last fiscal. Thus it is hardly possible for the national exchequer to collect more Tk 22,000 crore revenues in a single month (June). According to the NBR, the board bagged Tk 1,03,626 crore as against the target of realising Tk 1,06,299.82 revenues during the July-May period of the last fiscal (2013-14), posting about Tk 3,000 crore revenue shortfall. In the beginning of the last fiscal year, the government set a target of realising Tk 1,36,000 crore revenues in FY 2013-14.

Maritime dispute with India: Bangladesh gets 19,467sq km area in Bay

Settling a longstanding India-Bangladesh maritime boundary dispute, a Hague-based international court has awarded Bangladesh 19,467square kilometres out of 25,602 sq km disputed area in the Bay of Bengal. Foreign Minister AH Mahmood Ali disclosed this at a press briefing in the afternoon. The Permanent Court of Arbitration (PCA) delivered the verdict after nearly five years of argument and counter argument by the two nations, spot visit by judges and examination of survey reports. maritime-mapThe judgement is final and cannot be ...

Cabinet okays Malaysian offer for building 8,400 Rajuk flats

The Cabinet Economic Affairs Committee on Sunday ‘in principle’ approved an offer of the Malaysian government to construct 8,400 residential flats for Rajdhani Unnayan Kartripakkha (Rajuk), the capital development authority. The committee at a meeting with Finance Minister AMA Muhith in the chair approved the proposal with some recommendations. This was stated by RajukCabinet Division's joint secretary Mustafizur Rahman while briefing newsmen about the proceedings of the meeting, reports UNB. He, however, did not give any details of the recomm...

Govt urged to withdraw draft law on NGOs

The government has proposed a law that would impose draconian restrictions on already beleaguered NGOs, Human Rights Watch said Sunday. Bangladesh's donors should publicly express concerns about restrictions that are aimed at silencing government critics, the US rights body said. ministryThe draft law is to be presented to the parliamentary standing committee for consideration. The Foreign Donations (Voluntary Activities) Regulation Act, 2014, would regulate operations and funding for any group with foreign funding as well as Bangladesh offices of...

Consignment leaves Vizag port for Tripura via Bangaladesh

Dispatch of raw rice stock from Visakhapatnam to Agartala in Tripura in the northeast region through multi model transportation ie, sea-river-road started today in the port area. The activity has been undertaken by the Food Corporation of India, AP region, to meet the public distribution system requirements. bd-indiaIt involves transportation of stock from Vizag port to Diamond Habour in Kolkata by a ship. At Diamond Harbour, the stock will be transshipped into barges and taken through river movement up to Bangladesh. Thereafter, it will transit Banglade...

India plans coastal shipping with Bangladesh

India and Bangladesh are expected to start coastal shipping from October this year, according to Director-General of Shipping Gautam Chatterjee. The move is a part of the proposed agreement between the two nations to open sea routes to promote bi-lateral trade. In the absence of direct shipping arrangement; India and Bangladesh are now heavily dependent on costly land routes for the $6-billion bilateral trade. Transportation cost bd-indiaRough estimates suggest coastal shipping may reduce the costs of transportation by 20 to 40 per cent, when co...
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