The Asian Development Bank (ADB) forecast 6.2 percent growth for Bangladesh economy for the coming 2014-15 financial year (FY145), though the economic growth would slow to 5.6 percent in the end of the current 2013-14 financial year (FY14) because of decline in remittances and export growth.
The ADB made the prediction in its quarterly economic update for March, 2014, released yesterday, as Finance Minister AMA Muhith is preparing to announce the national budget for the coming fiscal year in less than a month’s time.
The forecast, however, was l...
The apex court in the country has admitted a five-year-old petition seeking repatriation of around 300,000 “stranded Pakistanis” — mostly Biharis based in former East Pakistan when it seceded from Pakistan to become independent Bangladesh but never made it to Pakistan because of financial constraints, hence remaining stranded in a country that refuses to own them and largely forgotten by a country they opted for.
Court sources said yesterday Chief Justice of Pakistan Tassaduq Jilani has fixed the petition filed by the Stranded Pakistanis Gen...
The rule of law does not exist in Bangladesh, said a statement of Asian Human Rights Commission (AHRC). The statement says, the way the Rapid Action Battalion (RAB) abducted seven men, including a senior lawyer and a member of the mayoral panel of the Narayanganj City Corporation (NCC), on 27 April 2014, and murdered them, allegedly on behalf of a feuding faction of the ruling party, in exchange for a 60 million Taka (US$ 774,000) bribe, is proof yet again of this fact.
The role of family members of a cabinet minister in masterminding the operation, police inaction in the face of knowledge of the abduction, and eyewash gestures at the highest levels of government confirm fears. The politics of blood and wealth reign supreme in Bangladesh; there is no space for the rule of law. A ‘cha...
Prime Minister Sheikh Hasina Sunday blamed West Bengal Chief Minister Mamata Banerjee for India and Bangladesh failing to sign the Teesta water sharing treaty.
Bangladesh and India were all set to ink a deal on the sharing of Teesta waters during Prime Minister Manmohan Singh’s Dhaka visit in September 2011.
But the signing had to be cancelled following last-minute objections raised by the West Bengal chief minister, Hasina said.
The Indian prime minister had made positive remarks on the deal, she said.
Hasina c...
London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed yesterday.
The survey of Britain’s super-rich compiled for the Sunday Times newspaper is likely to prompt debate in a country where many still struggle financially and where food banks are a fact of life, despite economic growth recently returning to levels not seen since the 2008 financial crash.
London is home to 72 of Britain’s 104 sterling billionaires, well ahead of Moscow in second pla...
Police started operation in the capital on Sunday against all artificial coverings including nontransparent and tinted glasses from car windows, UNB reports.
“We began the operation from today (Sunday). We are monitoring it from various points of the capital,” Deputy Commissioner (Public Relations) of Dhaka Metropolitan Police Masudur Rahman told UNB.
He said that any vehicle found with tinted black glasses except the built-in coverings during the time of their assembly at the factories will be fined maximum Tk 2,5...
The forecast, however, was l...
