Driven substantially by the higher education sector, real estate deals and mining income, India’s black economy could now be nearly three-quarters the size of its reported gross domestic product, reports The Hindu. These are among the findings of a confidential report commissioned by the government and accessed exclusively by The Hindu. Since there were no
Month: August 2014
Probe bodies put little impact on halting unusual share price hike
Shahjibazar’s share price soars after formation of probe committee The committees formed by the Bangladesh Securities and Exchange Commission to probe unusual price hike of shares of different companies in last one year have little effect as no action was taken against any manipulator in most of the cases. The BSEC in last one year ... Read more
Dhaka stocks rebound with turnover crossing Tk 550cr
Dhaka stocks rebounded on Monday after a fall in the previous trading session with turnover hitting its three and a half months high due to sudden increase in some scrip-wise investments, mostly by the institutional investors. DSEX, the key index of Dhaka Stock Exchange, gained 1.04 per cent, or 46.38 points, to finish at 4,467 points ... Read more
Ananta Jalil film reigns Dhaka box office
Eid holidays rarely translate as a relaxing, carefree time for movie stars in this part of the world. To the movie stars, the window of Eid holidays presents one of the biggest business opportunities, and good business in filmdom means war at the box office. It was well anticipated from before that this Eid was ... Read more
Tigers told to stick to plan A
Bangladeshi cricketers need to prevent the tricks played by the brains when chips are down in order to perform to their ability, said Australian performance psychologist Phil Jauncey on Sunday. Jauncey, who arrived late on Saturday on a short visit, spent a busy day at the Sher-e-Bangla National Stadium, conducting a session attended by all the ... Read more
Salahuddin sees bleak future for football
Bangladesh Football Federation president Kazi Salahuddin blasted the players for their poor commitment for the national team and said a bleak future is waiting for them unless they play with more responsibilities. Salauddin became emotional when he spoke to the players prior to the starting of their Asian Games camp that got underway with a warm-um ... Read more
Zimbabwe A team arrive on September 10
The Zimbabwe A team will arrive in Dhaka on September 10 to play two four-day and three one-day matches against their Bangladeshi counterparts, said a Bangladesh Cricket Board official on Sunday. The second string Zimbabwean side will come ahead of their senior team, who are due to arrive in October to take part in a full ... Read more
NBR yet to get DoE list of polluting industries
Surcharge Imposition NBR yet to get DoE list of polluting industries The National Board of Revenue could not execute the provision of collecting environment surcharge from the polluting factories even after one month of introduction of the law due to lack of the list of such units, officials said. Department of Environment was supposed to provide ... Read more
Banks further cut interest rate on deposits
Scheduled banks further cut rate of interest on their deposit products in June due to increasing trend of excess liquidity in the banking sector, said officials of Bangladesh Bank. According to the latest BB data, the weighted average interest rate on the deposit in the banking sector declined to 7.79 percentage point in June from ... Read more
RJSC urged not to approve telco share transfer without BTRC nod
Bangladesh Telecommunication Regulatory Commission (BTRC) has recently requested the Registrar of Joint Stock Companies and Firms (RJSCF) not to allow share or capital transfer of any telecom company without permission of the regulator. The BTRC officials said according to rule 37(2) of Bangladesh Telecommunication Act 2001 telecom companies are obligated to
BSEC probes unusual price hike in FAR, Shahjibazar share prices
The Bangladesh Securities and Exchange Commission on Sunday formed two separate committees to investigate the recent unusual price hike in the share prices of FAR Chemical Industries and Shahjibazar Power Company. ‘The probe committees have been formed as the share prices of the companies have increased abnormally in recent time without any reason,’
24 bands rock the capital
Jamuna-Bamba Eid Concert 24 bands rock the capital Celebration of Eid days may often seem uneventful in Dhaka due to lack of entertainment facilities, outside spending time with friends and family. The major recreation that is on the table for Dhaka dwellers is simply to go to different cafes and restaurants to hang out, to ... Read more
Nimrat Kaur bags role in US series Homeland
Nimrat Kaur, who rose to fame with The Lunchbox last year, has now bagged a role in American TV series Homeland, reports India Today. Bobby Jasoos actor Ali Fazal was also approached for a role in Homeland, but due to clash of dates he had to let go of the offer. And now, Nimrat is ... Read more
Tigers, Sakib resume training
Bangladesh cricket team resumed their training on Saturday at the Sher-e-Bangla National Stadium ahead of their West Indies tour after eight days of break for Eid-ul-Fitr. All eyes, however, were on one player who was not the member of the West Indies-bound squad and trained separately at the gymnasium. Suspended
Kalpage named Tigers’ fielding coach
The Bangladesh Cricket Board has appointed former Sri Lankan cricketer Ruwan Kalpage as the national team’s fielding coach on a two-year contract, said an official on Saturday. Kalpage, who worked as the head coach of the National Cricket Academy from 2008-10, has agreed to join the Tigers as soon as possible. ‘Kalpage was among
Kruif wants to forget past and move on
Bangladesh national team coach Lodewijk de Kruif wants to forget his pay row with the Bangladesh Football Federation and move on with the forthcoming assignments. Kruif arrived on Saturday after ending his four-month long absence and immediately met the BFF president Kazi Salahuddin with his assistant Rene Koster
Messi made Sanchez suffer at Barca: Wenger
Arsene Wenger believes Alexis Sanchez suffered in the same way that Neymar does during his time at Barcelona because of Lionel Messi’s presence, reports Goal.com. Arsenal spent 40 million euros to acquire the Chile international from the Camp Nou club earlier this summer, with the star set to make his debut in the
Ronaldo refuses to rule out MU return
Cristiano Ronaldo has admitted he would consider moving back to Manchester United if he were ever to leave Real Madrid, reports ESPN FC. The reigning World Player of the Year stressed that he is happy at the Bernabeu but spoke of his enduring love for United and said he was treated ‘like a God’ during his ... Read more
Govt to amend law to prevent similar trademark registration
Industries ministry has taken a move to amend the existing trademarks act to prevent registration of deceptive and confusingly similar trademarks by business enterprises, officials said. They said that many business organisations were engaged in conflict among themselves over using similar or confusingly similar trademarks of their products. Some business
Businesses to pay more tax, ensure labour welfare for CIP status
Industrialists will have to pay more taxes and ensure labour welfare at their factories for being eligible to be selected as commercially important persons, officials said. The industries ministry is going to amend the existing Commercially Important Person (Industry) Selection Guideline-2012 increasing the amount of tax