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NBR asked to cut RMG export tax at 0.3pc

The government has bowed to the pressure of readymade garment manufacturers by agreeing to reduce significantly tax on apparel exports. The national board of revenue officials told that the ministry of finance directed them to lower the tax at 0.3 per cent from existing 0.8 per cent. NBR1NBR, which is going to face a revenue shortfall of around Tk 13,000 crore in the current fiscal, has also asked to make the directive effective from January 1, 2014. They said the new rate would cost the r...

Devyani indicted in US visa row

The Indian diplomat Devyani Khobragade, whose arrest in the US sparked protests from India, has been formally indicted by a US grand jury. However, prosecutors said that Devyani, 39, had also been granted immunity and that US officials had asked her to leave the country, reports BBC. Prosecutors initially said she had already left but were later told by her lawyer that she was still in the US. devyani

Jan 5 elections were not a credible reflection: Mozena

US Ambassador in Dhaka Dan Mozena on Thursday said, we made clear our view that the elections (of January 5) were not a credible reflection of the will of the Bangladeshi people. Reiterating the United States’ position on January 5 elections, Mozena said that Bangladesh is responsible for ensuring its own democracy, and ‘outsiders, no matter how well intentioned, cannot do it’. mozena “We made clear our view that the elections (of January 5) were not a credible reflection of the will of the Bangladeshi people… Bangladesh is responsible for ensuring its own democracy,” he sai...

Month-long DITF kicks off Saturday

The month-long Dhaka International Trade Fair (DITF)’ 2014 is going to start here in the city on Saturday. The fair, an annual showcase arranged by the Export Promotion Bureau (EPB) and the Commerce Ministry, will be inaugurated at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre. DITF-2014-logoCommerce Secretary Mahbub Ahmed will brief the media tomorrow (Friday) about the features of this year’s fair at the DITF se...

18 dead, polling booths firebombed as Bangladesh votes

Thousands of protesters firebombed polling stations and at least 18 people were killed as violence flared across Bangladesh Sunday during a walkover election boycotted by the opposition. Police said they had opened fire at protesters as they torched more than 200 polling stations and stole and burnt ballot papers to try to sabotage the poll. [caption id="attachment_2437" align="alignleft" width="300"]10th elelction Men attack a polling station in the northern Bangaldeshi town of Bo...

Tensions mounting as violence to follow election

Tensions are mounting on the streets of Bangladesh, as many here expect violence to follow the 10th national parliamentary elections. The main opposition Bangladesh Nationalist Party (BNP) said on Thursday night that the government is pushing the country towards “a civil war” through the “farcical” polls. Analysts worry ongoing political violence will hurt Bangladesh’s economy over the long-run. army in election duty
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