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Collaborative projects reviewed between Bangladesh, India

India’s Deputy High Commissioner in Dhaka, Sandeep Chakravorty, reviewed the progress of a couple of collaborative projects between India and Bangladesh during his three-day visit to Tripura. bd-indiaChakravorty said the work to supply 100 MW power from Tripura’s Palatana power project to Bangladesh is progressing fast. “As you know, the government has decided to sell 100 MW power from the Palatana Power Project to Bangladesh and in this context I have come to meet the minister and we discussed in detail about the project. We also talked about the con...

Development finance: hundreds of billions more available

Today sees the launch of the OECD Development Co-operation Report 2014: Mobilising Resources for Sustainable Development. In today’s post, Erik Solheim, Chair of the OECD Development Assistance Committee (DAC) argues that hundreds of billions more could potentially be mobilized for poverty alleviation and sustainable development over and above the $134 billion in development assistance donated last year. DCR-2014The enormous development progress seen over the past 20 years has been unprecedented in human history. Extreme poverty has been halved and 600 ...

Bangladesh keeps LNG import options open

As it grows more desperate for foreign gas supplies to make up for its production shortfall, Bangladesh has put forward a number of intricate plans to import gas – sourcing it from neighbours such as Myanmar and India, as well as using LNG. Among these is a plan to take some of China’s imports from Myanmar, in exchange for benefits to Chinese investors, Hussain Monsur, chairman of state-run Petrobangla, told Interfax. LNG RouteDhaka proposed taking some of the gas Myanmar currently pipes to China under a gas-for-fertiliser deal – under wh...

Bhasha Matin is no more

Bengali language movement hero Abdul Matin died Wednesday at a hospital in Dhaka after a long illness. He was undergoing treatment at the Bangabandhu Sheikh Mujib Medical University after a stroke Aug 18 and was on life support after his condition deteriorated Oct 3, Xinhua reported. matinMatin, who fought for establishing Bangla as state language in 1952, breathed his last at the ICU at around 9.00 a.m. (local time) Wednesday. Matin, popularly known as Bhasha Matin meaning Matin for state language, played a significant role in the Language Mo...

Invention of blue LEDs wins physics Nobel    

The 2014 Nobel Prize for physics has been awarded to a trio of scientists in Japan and the US for the invention of blue light emitting diodes (LEDs). Professors Isamu Akasaki, Hiroshi Amano and Shuji Nakamura made the first blue LEDs in the early 1990s. By combining blue light with existing red and green LEDs, this enabled a new generation of bright, energy-efficient white lamps as well as LED screens. nobel prize22The winners will share prize money of eight million kronor (£0.7m). They were named at a press conference in Sw...

Katalyst for development in Bangladesh

Much of the huge development success seen over the past decades has been achieved thanks to innovative solutions that have been scaled up. Conditional cash transfer programs like Brazil’s Bolsa Família have proved effective in reducing poverty and ensuring that children attend school and are vaccinated. Innovative financing mechanisms supported by the Bill & Melinda Gates Foundation and others have contributed to the immunization of hundreds of millions of children. UNITAID has pioneered financial schemes such as the airlines ticket levy to fund lifesaving medicines. Muhammad Yunus and others made microcredit a worldwide tool for credits to those who in the past were considered too poor for a bank loan. [caption id="attachment_9704" align="alignleft" width="300"]
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