Browse Category

News

Lack infrastructure hampering Indo-Bangla border trade

Infrastructure roadblock has hit the India and Bangladesh’s plan to keep bilateral trade going for seven days a week at Petrapole-Benapole land custom stations.   Located nearly 80 km from Kolkata, Petrapole (India)-Benapole (Bangladesh) border accounts for nearly half of the $5.5-billion bilateral trade. Both the countries planned to extend operations from 6 days to seven days beginning January 1. bd-indiaAt a meeting attended by Union Revenue Secretary Sumit Bose and his Bangladeshi counterpart Golam Hosen at...

Bibiyana-1 power plant through bidder’s credit

The government is going to implement the 450MW Bibiyana-1 power plant project through bidder’s credit instead of independent power producer (IPP), after cancelling Summit Group’s bid. According to official sources, the Power Division has taken up an initiative in this regard last week on the basis of a recommendation of the government’s Power Development Board (PDB). Bibiana-gasAn official at the Power Division said the bidder’s credit means the project will be implemented in the public sector through funding by the contractor....

Vegetables’ price increases due to political turmoil

The price of vegetables has increased by Tk10 to 15 per kg, as post poll violence, hartal and blockade affected country’s communication sector. Though vegetables growers are not getting return of their investment due to low price, the consumers in Dhaka city pay high price to buy those.  The traders say that the transport fare had been increased three times by this time. Godown owner Suja Uddin, of Karwan Bazar has said that the truck drivers demanded Tk 60,000 on Thursday, as fare from Natore, against the normal fare of Tk25, 000. “I have invested Tk 5,00,000 to five vegetables farmers of Natore district on condition of supplying in time. But violence over January 5 election caused a massive loss to me,” He said.

DITF hoped fetching significant export orders

The month-long Dhaka International Trade Fair (DITF), 2014, the 19th edition of the annual event, begins here on Saturday with a high hope of fetching significant export orders. Prime Minister Sheikh Hasina is expected to inaugurate the fair, a platform for both local and foreign producers to showcase the products, at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre in the morning. DITF-2014-logo

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
Verified by MonsterInsights