The Centre for Policy Dialogue (CPD) yesterday recommended the government should form a committee to investigate the large remittance outflows to India.
Bangladesh is now the fifth largest remittance source for India, with around $3.7 billion sent in 2013.
The number is expected to only increase in the coming years, according to Silicon India, a portal for professionals.
“This is a warning signal,” Mustafizur Rahman, executive director of CPD, said, adding that both the Board of Investment and Bangladesh Bank may want to investigate how such huge sums...
The Bangladesh Bank has published the auction calendar of Treasury Bills and Bonds for the first quarter of 2015. The government is going to borrow Tk 40 billion from the banking sector in January 2015 through auction of treasury bills and bonds including Tk 38 billion from bills and Tk 2 billion from Bonds respectively.
Meanwhile, the government will pay the banking sector Tk 57 billion in January in the form of maturity of outstanding T-bills and Bonds and approximately Tk 7.65 billion in the form of coupon interest. Therefore, the liquidity of the market will go up by approximately Tk. 24.65 billion in total which is expected to reduce the call money rate in January. The call money rate hit 8.90 per cent in December last due to the banks' tendency to disburse more loans at year-en...
India and Bangladesh will sign an MoU within the next two months which will give them the right to conduct oceanic research in each other’s Exclusive Economic Zones (EEZs).
National Institute of Oceanography (NIO) Director Dr S W A Naqvi said the political atmosphere is just right to launch a major programme of this kind as he announced this.
“Many countries in this region do not have the infrastructure and human resources to carry out research on their own. So they have been looking at India to provide the lead. We are now launching major pro...
The first border market, locally called ‘haat’, in Tripura and the third along the India-Bangladesh frontier is likely to be inaugurated Jan 13, an official said here.
Two ‘border haats’ were set up in 2012 at Meghalaya’s Kalaichar (India)-Baliamari (Bangladesh) and Dalora (Bangladesh)-Balat (India).
The ‘border haats’ are allowed to sell agricultural and horticultural products, spices, minor forest products (excluding timber), fresh and dry fish, dairy and poultry products, cottage industry items, wooden furniture, handloom and handicraft ite...
Bangladeshi Chief of Army Staff General Iqbal Karim Bhuiyan concluded his four-day visit to Nepal and returned to Dhaka on Wednesday.
General Bhuiyan had landed in Kathmandu on Sunday upon the invitation of Nepal Army (NA) Chief Gaurav Shumsher Rana.
[caption id="attachment_11760" align="alignleft" width="296"]
Lieutenant General Rajendra Bikram Shah seeing Bangladeshi CoAS Iqbal Karim Bhuiyan, in Kathmandu on Wednesday, December 31, 2014.[/caption]
Lieutenant General Rajendra Bikram Shah saw him off at the Tribhuvan International Air...
The UN security council rejected a Palestinian resolution demanding an end to Israeli occupation within three years after Israel and the US crucially intervened to persuade Nigeria to abstain from voting.
Palestinian officials and other observers had thought Nigeria would back a Jordanian-tabled resolution, thereby delivering a nine-vote majority on the council which would have required a US veto to be blocked. Washington had been working strenuously to avoid having to use its veto.
Until shortly before the vote on Tuesday, council diplomats h...
