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Western powers eye on defence deals with India

Western governments are rushing to visit Prime Minister Narendra Modi, drawn by the prospect of multi-billion-dollar deals as the government prepares to open the nascent defence industry to foreign investment. Senior politicians from France, the United States and Britain arrive in quick succession over the next 10 days as PM Modi prepares to accelerate the modernisation of the country’s mostly Soviet-era weaponry. [caption id="attachment_7581" align="alignleft" width="300"]modi-on-place PM Narendra Modi sitting in the cockpit of a MiG 29 K ...

2014-15 budget passed

The Jatiya Sangsad today passed the Tk 250,506 crore national budget for the 2014-15 fiscal year keeping the scope for whitening black money. The budget is the first fiscal plan of the Awami League- led grand alliance government that assumed in power through January 5 one-sided elections, reports the Daily Star. The budget was proposed at the parliament by Finance Minister AMA Muhith on June 5. sangsad bhabanThe House also adopted the Appropriation Bill-2014, piloted by the finance minister. The bill was passed by voice vote today. ...

BPC concludes fuel term deals at unchanged premiums

State-owned Bangladesh Petroleum Corporation (BPC) has concluded second-half 2014 term negotiations with eight companies for oil products at mostly unchanged current premiums, a senior BPC official said on Sunday. Premiums will be unchanged for all oil products other than fuel oil, said the official with the direct knowledge of the matter. BPCBPC finalised its gasoil contract for the second half of 2014 at a premium of $4.80 per barrel over Middle East quotes, while the term contract for jet fuel was fixed at a premium of $5.80 per barrel, unchanged from Janua...

Saree diplomacy between India and Bangladesh  

It is time for saree diplomacy in the South Asian region. What started of as a one –off affair a month ago between India and Pakistan, has now reached Dhaka marking the first stand alone foreign visit of Sushma Swaraj, the Indian External Affairs Minister. Former premier Khaleda Zia presented two Jamdani sarees to Swaraj at her 30-minute meeting (one of the sarees was a gift for the visiting minister’s daughter) on Friday. The Indian officials have described the Zia-Swaraj meeting as Delhi’s effort to reach out to all sections of Bangladesh society. . On Thursday the Indian minister met Prime Minister Sheik Hasina and presented a cream-coloured saree. In return Hasina gifted her famous Bangladeshi Jamdani saree.

Govt to bring back money sent abroad

Prime Minister Sheikh Hasina yesterday said her government would take steps to bring back money deposited with Swiss banks by some Bangladeshis. Referring to recent media reports about deposition of money into Swiss bank accounts by Bangladeshis, she noted, “We've already taken initiatives to get the list of the depositors. We'll also take steps to know the amount of deposits and bring the money back.” She was speaking at a rally at the capital's Suhrawardy Udyan in the afternoon marking the Awami League's 65th founding anniversary, reports the Daily Star. s... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

5th Social Business Day today

The Social Business Day will be organised in Dhaka today with the aim of discussing ways to turn people into entrepreneurs for creating jobs as fighting unemployment has become a daunting task for countries around the world. The 5th annual event, organised by Yunus Centre, will take place at Radisson Hotel on the theme of “We Are Not Job-Seekers, We Are Job-Givers -- Turning Unemployment into Entrepreneurship”. dr. YunusNobel laureate Prof Muhammad Yunus will host the event and Kerry Kennedy, president of the Robert F Kennedy Center for Justice and...
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