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Indian Samajwadi Party urges to invest in Bangladesh

Days after sparking controversy with comments about death sentence for rape convicts and Kargil martyrs, Samajwadi Party’s Jamshedpur unit came up with a bizarre solution to illegal immigration of people from Bangladesh to India. The party believes that massive economic investments in Bangladesh will lead to greater job opportunities for youths in the neighbouring country and they will eventually stop crossing over to the Indian border for livelihood. Samajwadi-PartyThe local election mani...

Bangladesh visa centre opened in Leicester

Asians-dominated Leicester city in the UK has got its second international visa operation with a successful launch of a pilot Bangladesh Visa Service. passport BdThe centre was launched by Leicester East MP Keith Vaz and Bangladesh High Commissioner Mohamed Mijarul Quayes on Saturday in the presence of local councillors, dignitaries and community members. The move comes after the successful establishment of a visa centre in Leicester by the Indian High Commission. “I am delighted with the su...

Duty on sugar and tea imports raised

Bangladesh has increased regulatory duty on imports of raw and refined sugar and on tea to discourage overseas buying amid a drop in local prices due to ample supplies, a senior tax official said on Monday. teaThe duties on imports of raw sugar will now be 2,000 taka ($26) a tonne from 1,500 taka earlier, said the official at the customs wing of the National Board of Revenue. Duties on refined sugar imports will be raised to 4,500 taka from 3,000 taka. The duty on imports of tea has been increased to 15 percent...

SME foundation to promote women entrepreneurs in S Asia

The Small and Medium Enterprises (SME) Foundation will help form a regional network of women entrepreneurs in South Asia. The authorities of the foundation assured a visiting delegation comprising of 30 women entrepreneurs from South and Central Asian countries and representatives from the US State Department and the Asia Foundation on Sunday. SME-Foundation The delegation visited the SME Foundation on Thursday, said a press release on Sunday. The women entrepreneurs from Afghanistan, Bangladesh...

Tea prices snap 9-weeks losing streak

Bangladeshi tea fetched an average of 118.81 taka ($1.50) per kg at the auction, up from 109.66 taka at the previous week’s sale, when prices fell around 20 percent, an official from National Brokers Limited said. More than 2 million kg was offered at the auction centre in Chittagong, and almost 60 percent remained unsold. At the previous auction, 2.4 million kg was offered, of which nearly 62 percent went unsold. “There was good demand for quality tea, which is in short supply,” the official said. tea Buyers were reluctant to buy end-of-season tea that tends to be of poor quality, he added. The auction season, typic...

Inflation rate falls by 0.1pc in Feb: Muhith

The point to point basis and average inflation rate has decreased by 0.1 percent in February, Finance Minister AMA Muhith told Parliament on Tuesday. Answering a written question of M Abdul Latif (Chittagong-11), he said that in February, the point to point basis and average inflation rate was 7.4 percent and 7.5 percent respectively. inflationHe mentioned that in January, the point to point basis and average inflation rate was 7.5 percent and 7.6 percent respectively, reports UNB. The Finance Minister said that the government has take...
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