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India lagged behind Bangladesh, says Jean Dreze

Development economist Jean Dreze Tuesday expressed concern over India’s tardy economic growth, which lagged behind neighbours like Nepal and Bangladesh in vital sectors. Dreze was delivering the ninth I.G. Khan Memorial Lecture on “Hunger and the Indian Enigma” at the Kennedy Auditorium of Aligarh Muslim University. bd-indiaReferring to the economic growth in south Asia, he said India lagged behind its neighbours “in education, health and food and availability of medicine to the people despite the country’s economic viability in terms of GDP growth”. ...

$ 2.8b WB commitment likely to reach in current FY

Finance Minister AMA Muhith on Tuesday said the commitment from the World Bank is likely to reach $ 2.8 billion in the current fiscal year (2013-14). “The World Bank has already committed $ 1.7 billion aid to Bangladesh for the current fiscal year and we’re expecting that with three more months remaining, the total commitment from the World Bank would reach $ 2.8 billion,” Muhith said. MuhithThe Finance Minister was talking to reporters after World Bank Vice President for the South Asia region Philippe L...

Inflation rate falls by 0.1pc in Feb: Muhith

The point to point basis and average inflation rate has decreased by 0.1 percent in February, Finance Minister AMA Muhith told Parliament on Tuesday. Answering a written question of M Abdul Latif (Chittagong-11), he said that in February, the point to point basis and average inflation rate was 7.4 percent and 7.5 percent respectively. inflationHe mentioned that in January, the point to point basis and average inflation rate was 7.5 percent and 7.6 percent respectively, reports UNB. The Finance Minister said that the government has take...

Maiden Ticfa meet on 27-28 this month

US Ambassador Dan W Mozena on Tuesday said the first Ticfa meeting, to be held here on April 27-28, would be a high-level bilateral engagement between Dhaka and Washington which will help find ways for increasing trade and investment between the two countries. “This is very exciting. This is a high-level bilateral engagement,” he told reporters at the Secretariat after a meeting with Commerce Minister Tofail Ahmed. mozena The US diplomat said the actual formal session of Ticfa (Trade and Investment Cooperation Forum Agreement) will be held on Aril 28 through which Bangladesh and America w...

Visa on arrival for Omanis now in Bangladesh

 Bangladesh has started offering visas on arrival to Omanis in order to boost bilateral ties between the two countries, said a senior official of the Bangladesh Embassy in Muscat. Speaking to the Times of Oman, Bangladesh Ambassador to Oman, Sheikh Sekander Ali, said the facility would benefit more than 1,100 Omanis who visit Bangladesh annually for tourism, business, recruitment of workers, and to attend a religious congregation. "Citizens will get one month visas at Bangladesh airports by paying the visa fee of OMR12 or equivalent (amount in) dollars," he said. bd-oman

Empowerment fund to aid tourism sector

A NEW empowerment fund to be launched in May will allow large companies in the tourism sector to boost their empowerment scores by investing in small businesses. The fund is to be unveiled by the Tourism Enterprise Partnership (TEP), a public-private partnership and nongovernmental organisation focused on enterprise development in the tourism sector. TEP is looking to raise an average of R10m to R30m a year through the new funding tool. Bangladesh-TourismThe new fund will be based...
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