Professor Muhammad Yunus began his Grameen Bank Project in Jobra, a village near Chittagong University, his then workstation, in the port city in 1976 in an effort to reverse conventional banking practice and take financial services to the deprived. His first project was lending his own money to the destitute basket-weavers. The idea
bangladesh
Govt in a fix over how to sack Yunus
Govt in a fix over how to sack Yunus David Bergman and Abdullah Juberee The Bangladesh Bank, the finance ministry and the law ministry are in disagreement with each other about how to sack Muhammad Yunus from his position as managing director of the Grameen Bank. The finance ministry, following advice it received from the ... Read more
SC starts hearing fatwa appeal verdict after 9 years
SC starts hearing fatwa appeal verdict after 9 years The Appellate Division of the Supreme Court on Tuesday started hearing a petition filed in 2001 seeking permission to appeal against a High Court verdict that had declared illegal fatwa (religious decrees). The High Court bench of Justice Mohammad Gholam Rabbani and Justice Nazmun Ara Sultana ... Read more
Yunus issue a legal matter, says Muhith
The scheduled meeting between the Finance Minister Abul Mal Abdul Muhith and Noble laureate Prof Muhammad Yunus reportedly over his continuity as Managing Director of Grameen Bank has been deferred by a couple of days due to the visit of Princess Anne to Bangladesh. The Finance Minister told The Independent Tuesday that he will talk ... Read more
Yunus beyond legal age limit
BB Letter To Finance Ministry Yunus beyond legal age limit Grameen Bank chairman presents it at board meeting The chairman of Grameen Bank yesterday presented a letter at a board meeting that questioned the post of Professor Muhammad Yunus as its managing director beyond his retirement age. The letter was written by a Bangladesh Bank ... Read more
No case, no trial before permission
Bill seeking changes to anti-graft law placed at JS to ensure double protection for govt officials A bill was placed in parliament yesterday for introducing a provision in the ACC Act for prior government permission to file corruption cases against government officials and start trial. The government came up with the bill for bringing amendments ... Read more
Anti-graft body kept in the dark
Anti-Corruption Commission Chairman Ghulam Rahman said his insight into the proposed amendments to the ACC law is like that of a blind man watching an elephant. “Nobody ever officially informed us of the amendments the cabinet has finalised. Our situation is just like the blind men watching an elephant,” Ghulam Rahman said while speaking as ... Read more
Princess Anne due today
Princess Anne, only daughter of the United Kingdom’s Queen Elizabeth II and the Duke of Edinburgh, arrives in Dhaka today on a three-day visit. During her fourth trip here the Princess Royal is expected to meet President Zillur Rahman, Prime Minister Sheikh Hasina, Leader of the Opposition Khaleda Zia, leading civil society personalities and
US asks govt not to harass Yunus
David Bergman US officials have told Sheikh Hasina that there will be no further high-level diplomatic interaction between the United States and Bangladesh until the harassment of Muhammad Yunus, founder of the Grameen Bank, ends. A senior western diplomat, with direct knowledge of these conversations, told New Age that
Bangladesh calm before next storm
Cricket-crazy Bangladesh is enduring a brief respite from World Cup frenzy due to a gap in matches as fans take a breather before the action resumes. Calm descended on the Sher-e-Bangla National Stadium, a refurbished modern 25,000-seater facility in suburban Mirpur, which witnessed joyous celebrations of cricket’s greatest show over
Australia to tour Bangladesh after World Cup
Australia are all set to tour Bangladesh right after the World Cup as they are due in the capital on April 4 to play three one-day games. But the home side could be without their backroom staff. The four-time world champions will play a practice match on April 7 at the Fatullah Cricket Stadium before ... Read more
Celebrations all around
Thousands of cricket fans of all ages came out of their homes and the Mirpur stadium and gathered on the streets of the capital last night cheering. Wearing Bangladesh Cricket team’s jersey, blowing whistles, playing the drams, weaving flags or whatever they could find, they expressed their joy of Bangladesh’s victory over Ireland in
Tri-Nation Big Show fosters excitement
Tri-Nation Big Show, a colourful cultural event last night, fostered the excitement of ICC World Cup among Bangladeshi cricket fans. Famous artistes, actors, actress and films super stars of Bangladesh, India and Sri Lanka dazzled the eyes of thousands of spectators, attended the event. ATN Events, a sister concern of satellite television channel ATN Bangla, ... Read more
Cricket souvenirs sell well
Cricket souvenirs relating to the ICC Cricket World Cup 2011 are selling well in Dhaka, with shop-keepers hoping that Bangladesh’s defeat to India on Saturday would not affect sales. Shopkeepers, however, said that the souvenir business was likely to improve if Bangladesh would qualify for the quarter-finals
Nuke power deal with Russia inked
Bangladesh yesterday signed a primary deal with Russia for installing a 2,000MW nuclear power plant at Rooppur in Pabna. By signing the deal, the government launched country’s first nuclear power plant project (NPP) which would be completed in 2017-18 at a cost of $1.5 to
Environment-friendly technologies in leather industry stressed
Speakers have called for promotion and expansion of environment friendly technologies in leather industry in Bangladesh. They have also stressed the importance of top-quality leather production for increased export income of the country
13 eminent citizens stand for Yunus
Thirteen eminent citizens of the country yesterday said that Nobel Laureate Muhammad Yunus is being harassed in various ways. In a joint statement they said Yunus is facing malicious personal attacks for his position and hence being subject of different allegations
Kayes willing to go aggressive
Opening batsman Imrul Kayes said on Tuesday that he is willing to change his game and play in a more aggressive manner if the situation demands it in the interest of the team. Kayes usually plays the role of an anchor while allowing his partner Tamim Iqbal to take a go at the bowlers. But ... Read more
Bangladesh gets a cricketing cracker
Mandira Bedi and her peers have some competition from Nawsheen Nahreen Mou across the border in Bangladesh. She may have set the stage on fire with her presence in the opening night of the the ICC Cricket World Cup 2011 but Nawsheen Nahreen Mou is at ease with her glamour. The Bangladeshi
Tickets can be collected from today
Tickets of the ICC Cricket World Cup match between Bangladesh and Ireland will be up for grabs from today at the Shaheed Sorhrawardi Indoor Stadium in Mirpur. Those who have earlier collected vouchers from banks can collect their tickets providing documents at the Indoor Stadium’s booths from 10am to 5pm as the distribution of tickets