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Homegrown aid web portal set to be launched Sunday

The government will formally launch its homegrown aid web portal, ‘Aid Information Management System or AIMS’, on Sunday, aiming to enhance its capacity to coordinate and manage the foreign development assistance coming into the country. The AIMS is an internationally renowned software application that records and processes information on development activities and related aid flows in a given country. It captures project-level information on commitments, disbursements and expenditures by donor, implementer, sector and geographic location. govtFin...

NBR to get tough with landlords defying house rent rule  

As its rule for the landlords to take their house rents through the banking channel evokes a low response, the National Board of Revenue (NBR) has decided to get tough to enforce the rule. “We’re waiting for the deadline for the income tax return submission to be over. After that, we’ll launch our drive in this regard,” an NBR official told UNB seeking anonymity. nbr 222The last date for submitting the income tax return has been reset at November 2, 2014 from September 30, 2014 as the NBR received numerous requests from business bodies across...

Bangladesh to continue getting GSP trade privileges from EU

Commerce Minister Tofail Ahmed has said the European Union will continue to provide GSP facilities for Bangladesh even after it graduates to a middle-income country. Speaking at a press conference at his ministry on Thursday, he said the EU, the largest market for Bangladeshi products, would be extending the preferential facility under its GSP Plus programme. tofayalThe minister spoke of the opinions of the European Commission, United States and International Labour Organisation that they expressed on Bangladesh during a meeting at Brussels ...

IDB approves $ 60m for Bibiyana power plant project

The Board of Executive Directors of the Islamic Development Bank (IDB) has approved an amount of $60 million for Bibiyana Base-Load Combined Cycle Independent Power Plant Project in Bangladesh. The IDB Board at the end of its 300th meeting (which started on 19 October) at its headquarters in Jeddah, Saudi Arabia and under the Chairmanship of IDB President, Dr Ahmad Mohamed Ali, approved $814.2 million for development financing. IDB logoThe new financings were mostly allocated for sectors such as air transport, power, water, roads and human...

Govt sits with stakeholders Oct 30 to finalise rules of labour law

The government will sit with stakeholders on October 30 to finalise rules for implementing the amended labour law in the factories, as Bangladesh has already fulfilled majority of the conditions promised in the Sustainability Compact. tofayalCommerce Minister Tofail Ahmed told this to reporters at his secretariat office in Dhaka today after returning from Belgian capital Brussels where he attended the first review meeting of the Sustainability Compact. The meeting ended October 21. -Star Business Report

UK Parliamentary Under Secy of State for Int’l Dev due Sunday

UK Parliamentary Under Secretary of State for International Development Lynne Featherstone arrives here on Sunday on a three-day visit. She will meet speaker Dr Shirin Sharmin Chaudhury and State Minister for Foreign Affairs M Shahriar Alam during her visit apart from other engagements, said an official here on Wednesday. Featherstone, appointed Parliamentary Under Secretary of State for International Development on September 5, 2012, is likely to meet Prime Minister Sheikh Hasina. However, the schedule is it to be finanlised, the official said. UK sec
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