After making her grand debut in Tamil and Telugu movies, Bollywood sensation and porn star Sunny Leone is all set to act in her maiden Kannada movie, which features well- known director- turned actor Prem. Titled DK, the movie is set to go on the floors soon, reports India Today. According to Prem, Sunny will ... Read more
Month: June 2014
‘Streak doesn’t have magic wand’
Pace bowler Mashrafee bin Murtaza said Bangladesh should not expect any quick results from the newly-appointed specialist bowling coach Heath Streak as he does not have a magic wand. Streak joined the Bangladesh Cricket Board on a two-year contract as a specialist bowling coach last week and is currently busy honing the skills of the Tigers ... Read more
Wins turn sour for Brazil, Germany
Brazil and Germany, the two favourites to win the World Cup, ended their preparation with contrasting wins in warm-up matches on Saturday, reports AFP, Reuters. The wins, however, turned sour for both the side immediately as Brazil received some booing from their own fans and to a more serious note Germany
Auditors to face penalty for false reports
Finance Bill 2014 Auditors to face penalty for false reports The finance bill 2014 has proposed to impose penalty on any chartered accountant and cost and management accountant if he or she is found preparing false and incorrect audit report. National Board of Revenue officials said that the provision for penalty on auditors was included as ... Read more
NBR not to audit if taxpayers show 20pc higher income
Income Tax Under Self-Assessment System NBR not to audit if taxpayers show 20pc higher income The National Board of Revenue will not audit an income tax return submitted under the universal self assessment system if the taxpayer shows 20 per cent higher income than the previous year, officials said. On the other hand, the revenue board ... Read more
Units to be set up by 2019 to get depreciation facility for machines
Priority INDUSTRIES Units to be set up by 2019 to get depreciation facility for machines Prioritised industries to be set up in the next five fiscal years in the country will enjoy accelerated depreciation allowance for machinery and plant from the date of their commercial production. According to the Finance Bill-2014 which the finance minister, Abul ... Read more
Stocks trading set for a bumpy ride after gain tax imposition
Reduction in corporate taxes only for non-listed cos unfair: DSE Dhaka stocks may witness a bumpy ride on Sunday (today) as the proposed budget slapped capital gain tax on investors and did not contain any stimulus for the ailing capital market, officials of the Dhaka and Chittagong stock exchanges predicted. ‘The capital gain tax is ... Read more
Financing deficit from banks to hurt pvt sector loan: DCCI
Proposed Budget For Fy15 Financing deficit from banks to hurt pvt sector loan: DCCI The Dhaka Chamber of Commerce and Industry on Saturday observed that the dependency on the bank borrowing to meet the deficit in the proposed budget for the next financial year 2014-2015 might reduce the credit flow to the private sector. In ... Read more
Gap 1st US retailer to enter Myanmar
Gap Inc plans to produce apparel at factories in Myanmar, becoming the first major US apparel retailer to tap the country’s garment industry since Western sanctions were lifted two years ago, reports the World Street Journal. The San Francisco-based retailer said it has signed a sourcing deal with South Korean-owned factories in the country, producing outerwear
Stocks return to negative zone after one-week gain
Dhaka stocks decreased last week after a week of gains as pre-budget tension kept investors watchful. Finance minister AMA Muhith on Thursday placed before parliament the proposed budget for the fiscal year 2014-2015. DSEX, the benchmark general index of Dhaka Stock Exchange, shed 0.77 per cent, or 33.93 points, to close at 4,396.54 points on
Play in Narsingdi depicts 2,500-year old community
Artistes of Bangladesh Shilpakala Academy staged the premiere show of Wari-Bateshwar at Shibpur upazilla, Narsingdi on Friday evening at the premises of the archeological site called Wari-Bateshwar. Theatre and Film Department of Bangladesh Shilpakala Academy has produced the play, which has been written by Tanvir Ahmed Sydney and directed by Samrat Pramanic. The academy
Private investment hits 7yr low
7.3pc GDP growth impossible unless pvt investment raised: experts Private investment hit a seven-year low at 21.40 per cent in the financial year 2013-14 due to ‘extreme economic mismanagement’ along with the recent political unrest, said experts. According to the latest Bangladesh Bureau of Statistics data, private investment as a proportion of gross domestic product decreased ... Read more
Kitchen market item prices soar after budget announcement
Cigarettes become costlier on increased duty proposal The prices of most of the kitchen items soared on the markets in the capital a day after the announcement of the proposed national budget for the next financial year 2014-15. The commodities including vegetables, broiler, beef and egg increased in the city’s retail market. The prices of different ... Read more
Trade bodies observe financing, execution key challenges
Proposed Budget For Fy15 Trade bodies observe financing, execution key challenges The country’s trade bodies observed that financing and implementation are two major challenges for the proposed budget for the fiscal year 2014-15. Metropolitan Chamber of Commerce and Industry in a statement said that as the government could not achieve revenue target for the current ... Read more
Agriculture sector’s contribution to GDP drops further
The contribution of the agriculture and forestry sector to the growth of the country’s gross domestic product declined further to 12.64 per cent in the outgoing financial year of 2013-14. According to the Bangladesh Economic Survey, contribution of agriculture and forestry to GDP growth has been declining for the last four years. The share of agriculture
Mithun, Taskin in for India ODIs
Selectors on Thursday picked uncapped wicketkeeper-batsman Mohammad Mithun and paceman Taskin Ahmed in Bangladesh 15-man squad for the three-match one-day international series against India. Mithun played a Twenty20 International against Sri Lanka earlier this year but was not selected for the subsequent Asia Cup and ICC World Twenty20.
Details of BPL verdict expected on June 8
The Anti-Corruption Tribunal, formed to try the accused in the Bangladesh Premier League match-fixing scandal, is expected to provide the Bangladesh Cricket Board with the details of its short verdict on June 8, said the officials on Thursday. The Tribunal on February 26 acquitted six players
Brazil, here we come
BFF gives WC tickets to 110 fans, officials Only a few football fans were able to get the World Cup tickets from the Bangladesh Football Federation, said the officials, adding that most of the tickets allotted to Bangladesh were taken by influential quarters. FIFA allotted 228 tickets to Bangladesh for the tournament scheduled from June 12-July ... Read more
Witch doctor behind Ronaldo’s injury!
Ghana’s most influential witch doctor has claimed he is responsible for the knee injury that is threatening Cristiano Ronaldo’s participation at the World Cup, reports The Guardian. Nana Kwaku Bonsam – whose name translates literally as ‘Devil of Wednesday’ – predicted in February that the Real Madrid forward would be forced to miss this summer’s
Muhith sets ‘unrealistic’ GDP growth target again
Economists termed ‘unrealistic’ the 7.3-per cent GDP growth target the finance minister, AMA Muhith, on Thursday announced in the proposed budget for the fiscal year 2014-15 despite his failure to achieve growth targets set in the previous three budgets. Muhith in his speech for the proposed budget in