Browse Tag

lead

Bangladesh to get 600b yen Japanese aid

Japan has expressed its commitment to providing up to 600 billion yen of assistance to Bangladesh from this year by fully taking into account the proper and smooth implementation of projects. This was disclosed at a joint press conference here this afternoon after the summit-level official talks between Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe at the Prime Minister’s Office. hasina-japan-visit-wbAt the talks, Dhaka and Tokyo have agreed to establish a “comprehensive partnership” to furth...

Modi sworn in as Indian prime minister

Narendra Modi has been sworn in as India's new prime minister in a ceremony in the forecourt of the presidential palace in Delhi. Mr Modi took the oath before thousands of guests, including his counterpart from rival Pakistan, Nawaz Sharif. It is the first time since the two countries won independence in 1947 that a prime minister from one state has attended such a ceremony in the other. modiMr Modi led his BJP party to a landslide win in the recent election, reports BBC. The BJP won the biggest victory by any party in India for 30 years, gainin...

DFID threatens to withdraw fund    

The Department for International Development (DFID) has threatened to withdraw the grants it had committed for establishing economic zones (EZ) as the government has failed to set up the much-hyped zones in four years. The UK-based development organisation recently said it would withdraw fund of nearly Tk 15 crore committed for ‘Economic Zones Development’ project, if the government fails to spend the money by this December, Planning Commission sources said. The World Bank, which conducted a survey on the project, and the DFID came forward to help set up EZs, making commitments of Tk 65 crore and Tk 14.34 crore respectively as grants against the said project, reports the Daily Sun.

Remittance from Middle East falls by 12pc  

The country received US$6.92bn in July-April period in fiscal year 2013-14 compared to $7.87bn in the same period of the last fiscal year Remittance inflows from the Middle Eastern countries dropped by 12% in the last 10 months of the current fiscal year due to the fall in manpower export and the political unrest over January 5 polls. The country received US$6.92bn in July-April period in fiscal year 2013-14 compared to $7.87bn in the same period of the last fiscal year reports The Dhaka Tribune. However, remittance inflow from the Western countries increased by 8% to $4.80bn during the 10 months from $4.43bn in the same period of the previous fiscal year, according to the Bangladesh Bank data.

Despite strong laws, graft goes unchecked

Bangladesh’s failure to implement laws intended to protect whistleblowers and guarantee its citizens’ right to information has allowed corruption to flourish in the country. This the conclusion reached in a new report by Transparency International, an NGO that monitors and reports on corporate and political corruption. lawsDespite having a strong Right to Information law, 88 percent of requesters reported having to visit the information provider’s office numerous times, 29 percent reported facing harassment, 26 percent faced difficulties finding the responsible...

Rice imports soar amid high domestic prices

The country’s rice import value has increased to about $229.59 million during the first nine months of the fiscal year 2013-14 (July 2013 - June 2014), up nearly fourteen times from about $15.81 million recorded during the same period in FY 2012-13, according to a report released by the Bank of Bangladesh (BB). According to data from Food Ministry, Bangladesh imported around 374,560 tons rice as of May 19, 2014, of which around 371,500 tons are imported by private sector and only 3,060 tons are imported by the government. Bangladesh imported 28,930 tons rice in FY 2012-13 (25,270 tons by private sector and 3,660 tons by the government).
Verified by MonsterInsights