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State banks’ default loans fall

Default loans in the four state-owned banks dropped 12.77 percent in 2014 from a year ago on the back of a strong recovery drive. On December 31 last year, the default loans of Sonali, Janata, Agrani and Rupali collectively stood at Tk 16,599 crore. On an individual level too, the default loans declined in all four banks. Besides cash recovery drives, wholesale rescheduling and write-offs also helped in bringing down the bad loans in the four banks, said an official of Sonali, the largest state bank, reports the Daily Star. sonali-bank-300

Exit polls predict AAP victory in Delhi

Delhi went to the polls on Saturday with a record 67.21 per cent of the voters exercising their franchise. Voting for the 70-seat assembly closed at 6pm with voters turning out in large numbers between 3pm to the close. aap As soon as the voting closed, various agencies which took surveys of exit polls started releasing their predictions. The following are the exit-poll predictions of four such agencies: C-Voter: AAP is expected to get 31 to 39 seats, BJP 27 to 35, Congress 2 to 4 ABP-Neilsen: AAP is expected to get 39, BJP 28 and Congress 3 Cicero: ...

Situation outside Dhaka dangerous: Muhith

The situation outside Dhaka has taken a severe turn due to the ongoing blockade and hartal, Finance Minister AMA Muhith said today. muhith-3“Disconnection of the districts [from the capital] has become dangerous for the economy. It is the most concerning thing. We will have to keep the districts functional," Muhith said at a press conference at Bangladesh Secretariat in Dhaka. "The impact of hartals in Dhaka is not significant, but the impact in the district level is alarming," he added. The economy is paying a heavy price due to the bl...

Political chaos hits bus services with India

The month-long political crisis in Bangladesh has hit bus services between the two countries and bilateral trade, officials said here on Saturday. "The Dhaka-Agartala bus service has been completely stopped since last week. The Dhaka-Kolkata bus services were also become irregular due to the political turmoil in Bangladesh," a Tripura Road Transport Corporation (TRTC) official said. politics BDHe said: "We do not know when the bus services would be normalise. Due to the political violence in Bangladesh the operators are reluctant to run the bus...

Battling terrorism shouldn’t justify torture: UN

The United Nations, which is the legal guardian of scores of human rights treaties banning torture, unlawful imprisonment, degrading treatment of prisoners of war and enforced disappearances, is troubled that an increasing number of countries are justifying violations of U.N. conventions on grounds of fighting terrorism in conflict zones. zeid-torture-629x420Taking an implicit passing shot at big powers, the outspoken U.N. High Commissioner for Human Rights Zeid Ra’ad Al-Hussein of Jordan puts it more bluntly: “This lo...

Move to sign PTA with Lanka, not FTA

Bangladesh is moving forward for signing a preferential trade agreement (PTA) with Sri Lanka aiming to enhance bilateral trade, officials said, the Financial Express reports (FE). “Most of the stakeholders supported signing of PTA instead of going for free trade agreement (FTA). The issue is still under study but possibility of signing PTA is comparatively bright,” additional secretary of the Ministry of Commerce (MoC) Monoj Kumar Roy told the FE. bd-LankaThe two sides at a meeting of joint working group on trade last September had decided t...
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