Govt borrows Tk 3,400cr from banks in first 15 days of FY15
The government’s borrowing from the banking system increased by 1,956.60 per cent in the first 15 days of this financial year compared with that in the same period of the FY14 as it took huge amount of loans from the banking source to pay salaries and festival bonus to its employees.
The borrowing from the banks by the government stood at Tk 3,384.56 crore until July 15 against only Tk 116.57 crore the government borrowed in the same period of the FY14, according to the latest BB data, reports the New Age.
The government borrowing from the banking sector declined by 67.64 per cent in the recently concluded FY14 compared with that of a rise by 14.50 per cent in the FY13 due to a slower pace in implementation of the government’s development works amid political unrest.
Farmers’ acquittal over shooting Bangladeshis sparks outrage in Greece
A Greek court’s decision to acquit local farmers who admitted shooting 28 Bangladeshi strawberry pickers when they dared to ask for months of back pay has sparked outrage in the country, The Guardian reports.
Politicians, unionists and anti-racist groups roundly condemned the verdict describing it as a black mark for justice in a case that had shone a light on the appalling conditions in which migrant workers are often kept in Greece.
“I feel shame as a Greek,” said the victim’s lawyer, Moisis Karabeyidis, after the tribunal in the western port city of Patras, delivered the shock ruling. “This decision is an outrage and a disgrace … the court showed an appalling attitude toward the victims.”
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Regulators: Pakistan failed where Bangladesh didn’t
In 1986, the Bangladeshi government introduced landmark regulations for its emerging garment export industry, called the back-to-back Letter of Credit (LC).
Under the rules, banks would pay the suppliers directly for raw material acquired by the factory. The buyer would tell the bank the specifics of the raw material — including the value, supplier’s name and the date when the material was needed.
The bank would ensure that as soon as the supplier delivered the raw materials and furnished proof of delivery, he got paid by the bank within a specified period. With this arrangement, the factory owners could raise funds up to 75% of the value of their orders. In short, a factory exporting $10 million every year could buy raw materials worth $7.5 million without spending its own money....
Gaza assault to control Palestinian gas, avert Israeli energy crisis
Yesterday, Israeli defence minister and former Israeli Defence Force (IDF) chief of staff Moshe Ya’alon announced that Operation Protective Edge marks the beginning of a protracted assault on Hamas. The operation “won’t end in just a few days,” he said, adding that “we are preparing to expand the operation by all means standing at our disposal so as to continue striking Hamas.”
This morning, he said:
“We continue with strikes that draw a very heavy price from Hamas. We are destroying weapons, terror infrastructures, command and control systems, Hamas institutions, regime buildings, the houses of terrorists, and killing terrorists of various ranks of command… The campaign against Hamas will expand in the coming days, and the price the organization will pay will be very heavy.”
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Bangladesh first time allows FCI to use its port for Tripura
For the first time an FCI consignment will enter Tripura using Ashuganj river port of Bangladesh, a senior official said today. About 5000 tonnes of foodgrains, dispatched by the Food Corporation of India (FCI) from Kakinada port in Andhra Paradesh, has reached Ashuganj river port in Bangladesh for entry into Tripura, Chief Secretary S K Panda said.
“FCI officials informed that the consignment of foodgrains have reached Ashuganj port. Unloading of the foodgrains and transportation by trucks for Trip...
“FCI officials informed that the consignment of foodgrains have reached Ashuganj port. Unloading of the foodgrains and transportation by trucks for Trip...
England cricketer warned over pro-Gaza Test wristbands
England batsman Moeen Ali has been warned not to wear wristbands showing support for Gaza during the third Test with India any more.
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England’s Moeen Ali wears wristbands supporting Gaza and Palestine during the third cricket test match against India at the Rose Bowl cricket ground in Southampton, England July 28, 2014. Photo: Reuters[/caption]
The 27-year-old wore bands saying “Free Palestine” and “Save Gaza” on the second day in Southampton.
International Cricket Cou...
England’s Moeen Ali wears wristbands supporting Gaza and Palestine during the third cricket test match against India at the Rose Bowl cricket ground in Southampton, England July 28, 2014. Photo: Reuters[/caption]
The 27-year-old wore bands saying “Free Palestine” and “Save Gaza” on the second day in Southampton.
International Cricket Cou...
