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Call money market: A safe-haven for NBFIs

Last week, the call money rate touched its lowest level at 5.00 per cent and traded between 5.50 per cent and 9.00 per cent in most deals. But the rate for non-bank financial institutions was higher between 8.62 per cent and 9.00 per cent. Normally banks charge higher rates on non-bank financial institutions for call money in comparison to their lending the call money to other banks. call money"Call money market has become a good place for NBFIs as the rate remains very low compared to lending rates of NBFIs since long", said a central bank official...

Mamata proposes joint business TV channel

Paschimbanga Chief Minister Mamata Banerjee on Saturday proposed opening a joint business television channel to promote trade and business between Bangladesh and India. “You can open a business channel jointly. We’ll welcome it,” she told a special business session at Sonargaon Hotel in the city. MamataShe also claimed that there is no commercial barrier to operation of Bangladeshi TV channels in India. Mamata said ATN Bangla and Boishakhi TV channels are seen in India. Commerce Minister Tofail Ahmed, Indian High Commissioner in Dhaka Pan...

Jan 05 election failed one, EIP terms

A global project namely the Electoral Integrity Project’s (EIP) has termed the January 05, 2014 election in Bangladesh as a “failed” one. That ballot has been ranked 113th in a list of 127 elections worldwide between 1 July 2012 and 31 December 2014, according to EIP annual report released in February. [caption id="attachment_13149" align="alignleft" width="300"]voterless election Photo Courtesy[/caption] Elections only in insurgency-torn countries such as Syria, Afghanistan, Zimbabwe, Egypt and Congo are placed below ...

Gold smuggling at an all-time high, Biman involved (!)

There was nothing unusual about the thrice-weekly Biman Bangladesh Airlines flight BG048 from Dubai via the Bangladeshi port of Chittagong which landed in the capital, Dhaka, at 8.30am on the morning of February 2. Except for the fact that it arrived two hours ahead of schedule — and that it carried a secret cargo: 485 gold bars stashed in compartments throughout the plane, in its toilets and life jacket cabinets. GoldThe seizure, totaling 135 pounds (61 kilograms) worth nearly $4 million, was the latest in a string of illegal gold shipments intercep...

Bank Asia Director Chowdhury dies

Dr. Md. Shafiuddin Chowdhury, former Sponsor Director of Bank Asia expired at United Hospital yesterday (17 February, 2015). He was 80 and suffering from old age complications. Dr ChowdhuryLate Dr. Md. Shafiuddin Chowdhury was Chairman of Soil Science Department of the University of Dhaka. He was also Chairman of Sea Resources Group. He left behind his wife, two sons, one daughter and a host of relatives, friends and well-wishers to mourn his death. Dr. Md. Shafiuddin Chowdhury was laid to rest at Azimpur Graveyard (Dhaka) after Na...

India hands over historic Dakota aircraft to Bangladesh

India has ceremonially handed over to Bangladesh a vintage Dakota aircraft, which played a crucial role in the country’s 1971 liberation war. dakotaThe Dakota aircraft played a crucial role in the liberation of Bangladesh from Pakistan and formation of Bangladesh Air Force (BAF). It was used for air dropping troops in Bangladesh’s Tangail during the 1971 war. “Air Marshal S B Deo, AOC-in-C, Eastern Air Command, Indian Air Force, formally handed over the Dakota (DC-3) aircraft to Bangladesh Air Force,” a statement by the Indian high commission said he...
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