Nobody has right to destroy RMG sector, businesses meet PM
“Nobody has the right to destroy the RMG sector. It is our pride,” said President of Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) Kazi Akram Uddin Ahmed. FBCCI President was speaking at an emergency opinion meeting at BGMEA Bhaban in the city before meeting with Prime Minister Sheikh Hasina.
A 23-member delegation of FBCCI and BGMEA met the prime minister at Ganobhavan at tonight to discuss the adverse impact of the worsening political violence and the sabotage at the garment industries.
LBA to be tabled to credit ‘India-friendly Hasina Govt’
The Indian UPA government led by Congress is learned to have got the BJP’s support for tabling the bill related to the Land Boundary Agreement (LBA) with Bangladesh in the winter session of parliament beginning on Thursday, signalling its intent to Dhaka to go ahead with the landmark pact.
However, the bill is unlikely to be taken up for ratification, with the BJP making it clear that the government will have to explain its political limitations to Bangladesh, reports The Indian Express on Monday.
Quoting reliable sources the daily said the bill will be introduced in the Rajya Sabha so that it remains alive in the new parliament after the general election.
The BJP, it is learned, has come around to the view that this is how far it can go in an election year, although it is not ...
Indian economy hit by Bangladesh violence, rupee slump
Due to political turmoil in Bangladesh and depreciation of rupee against the dollar, trade decline between the India’s northeastern states and its eastern neighbour has enormously affected the Indian economy, officials and traders said.
With the depreciation of the Indian rupee against the dollar and political turmoil in Bangladesh, trade between the northeastern states and India’s eastern neighbour has been enormously affected, officials and traders said.
According ...
According ...
Current levels of violence deeply shocking: UN rights chief
UN High Commissioner for Human Rights Navi Pillay urged the Bangladesh political leaders on both sides to stop political violence and their ‘destructive brinkmanship’.
“Whatever their differences, political leaders on both sides must halt their destructive brinkmanship, which is pushing Bangladesh dangerously close to a major crisis,” Pillay said in a statement issued from Geneva on Sunday.
Instead, she said, they (political leaders) must fulfill their responsibility and use their influence to bring this violence to an immediate halt and seek a solution to this crisis through dialogue.
The statement came at a time when the...
Forex reserves fall in November
The country's foreign exchange reserves slipped to $17.11 billion at the end of November from a record high of $17.35 billion in October, but were up from $11.75 billion a year earlier, the central bank said on Sunday.
Reserves fell in November as a result of scheduled bi-monthly import payments to the Asian Clearing Union totalling about $800 million, a senior central bank official said.
The reserves are enough to cover more than five months of imports.
Rising exports...
The reserves are enough to cover more than five months of imports.
Rising exports...
15pc ADP implementation in July-Oct
The progress in implementation of the Annual Development Programme (ADP) except for the self-financed projects in the first four months (July-October) of current fiscal (2013-14) was 15 percent compared to 20 percent during the same period of the previous fiscal (2012-13).
According to the Implementation, Monitoring and Evaluation Division (IMED), the ADP expenditure during the four-month period except for the self-financed projects was Tk 9,906 crore compared to Tk 10,920 crore during the corresponding period of fiscal 2012-13. The ADP size except for the self-financed projects in the current fiscal (FY14) is Tk 65,872 crore.
In case of the self-financed projects, the implementation rate marked 6 percent with Tk 461 crore ...
