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Bangladesh

Bangladesh concerned over India’s river linking project

Worried over India’s ambitious river interlinking project, Bangladesh has asked its water resource ministry to get a “clear picture” of New Delhi’s initiative. bd-indiaA parliamentary committee in Bangladesh has decided to seek details of a renewed initiative for river linking in neighbouring India as allocation of fund afresh for the purpose visibly worried Dhaka. “We have come to know from media that the new government of India allocated Rs 100 crore in budget to bring pace in the river interlinking project which will harm us,” chairman of parliamen...

Will Bangladeshis Ever Learn?  

Prof Mahfuz R Chowdhury

Robindra Nath Togore, the great poet-philosopher and Nobel laureate of Bengal once said 'Hey mother Bengal, you gave birth to your 70 million children but forgot to educate or teach them dignity'. Are Bangladeshis victim of this curse? At the time Tagore made the above comment, Bengal was a united province of British India. Besides multiplying the population more than three folds, Bengal is now divided on religious lines. The Hindu dominated western third remained a part of India, and the Muslim dominated two thirds came to form the independent state of Bangladesh in 1971 after twenty four years of bizarre rendezvous with Pakistan. Today Bangladesh is the eighth largest country in population.

Govt releases Tk 8.75b subsidy on RMG exports

Following a request of readymade garment (RMG) exporters for disbursement of cash subsidy by July 10 to enable them to pay the workers’ salary ahead of Eid-ul-Fitr, the Government of Bangladesh has released an amount of Tk8.75 billion, most of which is for the garment and jute sectors, reports Dhaka Tribune. The amount disbursed by the Ministry of Finance against exports made during the fourth quarter of 2014 includes Tk7.34 billion for RMG and Tk1.37 billion for jute and jute goods. rmgThe disbursement of the five percent cash subsidy was made in acc...

Saudi Fund for Dev approves $ 50m for Teesta bridge

The Saudi Fund for Development (SFD), a Saudi government agency that channels bilateral aid to developing countries through grants and soft loans, has approved US$ 50 million for the construction of a bridge over the Teesta River , and it is likely to provide more funds for a couple of big projects in Bangladesh, said an official. suady fundThe Board of Directors of the SFD approved the US$ 50 million fund in June this year for a PC Girder Bridge over the Teesta River and a four-member Bangladesh delegation leaves here for Saudi Arabia on Saturday t...

EU releases ‘Technical Progress Report’ on Bangladesh RMG

The European Union has released a ‘Technical Progress Report’ on Bangladesh readymade garment (RMG) sector titled “Staying Engaged - A Sustainability Compact for continuous improvements in labour rights and factory safety in the Ready-Made Garment and Knitwear Industry in Bangladesh”. LOGO CE_Vertical_EN_quadriThe report has been released exactly a year after the EU took action through a Sustainability Compact, in response to the tragic loss of life when the Rana Plaza complex collapsed, to promote better labour rights and more responsible supply chain management i...

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.
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