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S Arabia inks labour cooperation pact with India

Saudi Arabia and India have signed an agreement on labour cooperation for domestic service workers recruitment. The agreement was signed in New Delhi today by Minister for Overseas Indian Affairs Vayalar Ravi and Minister for Labour of Kingdom of Saudi Arabia Adel Bin Mohammed Fakeih. KSA, IndiaThe features of the agreement are: i.It aims to protect the right of both the employers and domestic service workers and regulate the contractual relation between them. ii. It endeavors to contr...

India to keep border sealed ahead of polls in Bangladesh

Bangladesh’s close neighbour India has decided to keep its border sealed for three days from January 4, a day ahead of the 10th national election of Bangladesh billed for January 5. India has also taken additional security measures to avert any negative impact on its state Pashchimbanga following the overheated political situation ahead of the elections, reports BBC Bangla. Indian BSF personnel patrol a stretch of the India-Bangladesh border on the outskirts of Agartala

Bangladesh key economic indicators – Jan 2

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.77 Call money rate (inter-bank) 06.75-08.00 06.50-08.00 Dhaka Stock Exchange index 4,286.15 4,266.55 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...

Living cost, house rent mark sharp rise in city

The living cost in the capital witnessed a 11 percent rise in  2013 hitting hard the poorer section of the city’s over 1 crore population, according to an annual report released by the Consumers Association of Bangladesh (CAB). The cost of living has been calculated on the basis of the ‘weight’ of products and services available in consumers’ basket, said the report released on Wednesday. MINOLTA DIGITAL CAMERAIn line with the price hike of essentials, electricity, drinking water...

Tea shows gloom ahead of election

Tea prices in Bangladesh fell and sales dipped at a weekly auction on Tuesday ahead of elections on Jan. 5 which the main opposition has boycotted. teaAt the latest auction, Bangladeshi tea fetched an average of 191.64 taka ($2.50) per kg against 193.98 taka in the previous auction held on Dec. 24, an official from National Brokers Ltd said. Nearly 2 million kg of tea was offered at the auction centre in Chittagong, with 27 percent remaining unsold. Almost the same volume was offered and 11 per...

Foreign aid utilisation hits record low

Utilisation of foreign aid has hit a record low in the current fiscal year because of the stagnation in development activities amid political unrest due to conflict between the ruling party and opposition over holding the general elections. Finance ministry officials said only 11 per cent of total foreign aid disbursed until October was utilised, seven per cent lower than the same period of the last fiscal year. remmitanceThe trend is the lowest in recent past as utlisation rate o...
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