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Six regulators to exchange sensitive info    

The country’s six major financial regulators will exchange sensitive financial information among them in a bid to ensure financial stability, said officials of Bangladesh Bank. The decision came from a meeting of the regulators held at the BB headquarters in the capital on September 14. Bangladesh BankThe regulators are Bangladesh Bank, Bangladesh Securities and Exchange Commission, Insurance Development and Regulatory Authority, Microcredit Regulatory Authority, Registrar of Joint Stock Companies and Firms and Department of C...

Global protests over climate change

Protests in many countries to demand urgent action on climate change have kicked off, with over 2,000 marches taking place around the world. [caption id="attachment_9415" align="alignleft" width="300"]protest Protester hold inflatable planes with labels reading "climate killer" and "tax break model" during a Climate Change March demanding politicians take tougher action to protect the climate in Berlin, September 21, 2014. Photo: Reuters[/caption] The People’s Climate March has been organised to call for action to curb carbon emissions ahead of the UN ...

Politics in Bangladesh: One and only one

 As the opposition takes a break from politics, the government tightens its grip

 THE Supreme Court of Bangladesh has just rejected appeals by a former prime minister, Khaleda Zia, over the appointment of a judge in a corruption case against her. The ruling clears the way for Mrs Zia to stand trial. Prosecutors accuse her of having siphoned off cash from charitable trusts set up in memory of her late husband, Ziaur Rahman, who was an army leader at independence and was later assassinated as president. If found guilty, the country’s second-most-powerful woman could face time in jail.

Steroid-fattened cattle start coming to Eid markets

Violating the law and driven by the motive for making quick money, traders and farmers are using excessive harmful drugs to fatten cattle for the Eid market, posing a serious threat to public  health, experts said. Terming such process of fattening cattle ‘unethical’, veterinary experts said the process had enormous health impact on cattle and it could kill the cattle as well, reports the New Age. Cattle traders with the help of veterinary quacks and dishonest livestock officers are using ‘cheap’ steroidal drugs like Oradexon, Decason, Dexamithson, Streron and Presdnisolon, they said.

Separation of powers in Bangladesh under threat

Bangladesh MPs passed a controversial amendment to the country's constitution that grants the parliament authority to investigate and sack judges of the nation's Supreme Court. DW examines the decision. The verdict could not have been clearer: With 327 votes to 0, the parliament in Dhaka voted on September 17 for the ruling party Awami League's (AL) so-called constitutional 16th Amendment. The new amendment bestows parliament the power to investigate and sack the South Asian nation's top judges on the grounds of incapability and misconduct. The reason for such a unanimous decision: The country's main opposition party - Bangladesh Nationalist Party (BNP) - has no representation in the legislature as it boycotted the parliamentary elections held earlier this year.

Divisive politics, red-tape, rent-seeking key challenges: WB

The World Bank has identified confrontational politics and bureaucratic red-tape as key challenges for Bangladesh to speed up growth and promote itself as a middle-income country by the early next decade. Sharing views with the newsmen at the WB office at Agargoan on Monday, WB country director Johannes Zutt said divisive and confrontational politics could bring uncertainty in policy decisions, reports the New Age. Uncertainty affects the process of addressing critical problems, he added. He said bureaucratic red-tape as well as widespread rent-seeking impedes economic growth and investment.
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