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India seeks Bangladesh’s coop for mutual interest

Prime Minister Narendra Modi in his meeting with Bangladesh Speaker Dr. Shirin Sharmin Chaudhary sought further cooperation from Bangladesh in areas of mutual interest, and hoped that the country continues to be an important partner leading to the development of both nations. “The Prime Minister noted that we have shared stakes in each other’s bd-indiaprosperity and Bangladesh was India’s largest trading partner in SAARC. He also appreciated the cooperation extended by Bangladesh to India in all areas of mutual cooperation including security, ...

Developing countries see swelling middle class: ILO

Workers in developing countries are increasingly moving to better jobs and joining the middle class, but 839 million workers still earn less than $2.00 a day, the International Labour Organization said. “The developing countries are generally in a process of catching up with the advanced economies,” ILO chief Guy Ryder told reporters in Geneva ahead of the release of the agency’s annual World of Work Report on Tuesday. Between 1980 and 2011, per capita income in the developing countries like Senegal, Vietnam and Tunisia on average grew 3.3 percent each year, which is far faster than the 1.8 percent growth seen in advanced economies, the report said.

Bangladesh to get 600b yen Japanese aid

Japan has expressed its commitment to providing up to 600 billion yen of assistance to Bangladesh from this year by fully taking into account the proper and smooth implementation of projects. This was disclosed at a joint press conference here this afternoon after the summit-level official talks between Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe at the Prime Minister’s Office. hasina-japan-visit-wbAt the talks, Dhaka and Tokyo have agreed to establish a “comprehensive partnership” to furth...

Separate allocation in budget for persons with disabilities

Finance Minister AMA Muhith on Monday said some ministries will have separate allocations in the upcoming budget for persons with disabilities. Responding to a demand of a delegation of Parliamentarians’ Caucus on Persons with Disabilities, he said it might be possible next year to introduce the allocations for them under different ministries UNB reports. MuhithThe ministries have provisions for such allocations but those must be defined, he said. The finance minister was holding a pre-budget meeting with the caucus members and members of the...

Modi sworn in as Indian prime minister

Narendra Modi has been sworn in as India's new prime minister in a ceremony in the forecourt of the presidential palace in Delhi. Mr Modi took the oath before thousands of guests, including his counterpart from rival Pakistan, Nawaz Sharif. It is the first time since the two countries won independence in 1947 that a prime minister from one state has attended such a ceremony in the other. modiMr Modi led his BJP party to a landslide win in the recent election, reports BBC. The BJP won the biggest victory by any party in India for 30 years, gainin...

DFID threatens to withdraw fund    

The Department for International Development (DFID) has threatened to withdraw the grants it had committed for establishing economic zones (EZ) as the government has failed to set up the much-hyped zones in four years. The UK-based development organisation recently said it would withdraw fund of nearly Tk 15 crore committed for ‘Economic Zones Development’ project, if the government fails to spend the money by this December, Planning Commission sources said. The World Bank, which conducted a survey on the project, and the DFID came forward to help set up EZs, making commitments of Tk 65 crore and Tk 14.34 crore respectively as grants against the said project, reports the Daily Sun.
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