Friday, December 8, 2023

Dr Yunus to receive US Congressional Award Wednesday

Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank, will receive the US Congressional Gold Medal award on Wednesday. Prof Yunus is already in the USA to attend the historic award-giving ceremony to be held in Washington, an official at the Yunus Centre told UNB on Monday.

Grameen Bank amendment bill passed

The House yesterday passed Grameen Bank (Amendment) Bill, 2012 amid boycott by the lone independent MP Fazlul Azim. The Jatiya Sangsad also passed three more bills — International Crimes (Tribunals) (Second Amendment) Bill, 2012, Registration (Amendment) Bill, 2012 and

Grameen Bank owners demand cancellation of ordinance amendment

Members of the Grameen Bank’s board and shareholders on Wednesday demanded cancellation of the amendment to the Ordinance which has stripped the board of its power to appoint the managing director. They said that since the inception of Grameen Bank, all changes in laws and regulations concerning it were aimed at empowering the women, but the ... Read more

Yunus blamed to shift focus

Claims his centre about WB loan cancellation Yunus Centre, which promotes the work of Prof Muhammad Yunus, yesterday said the Nobel laureate is being blamed for the World Bank’s fund cancellation to turn people’s attention away from the real issue. The World Bank cancelled its loan for the Padma bridge project, saying it had proof ... Read more

Grameen Bank Ordinance amended

Board’s power to appoint MD reduced drastically President Zillur Rahman has promulgated the Grameen Bank (Amendment) Ordinance 2012, which contains a provision for the formation of a ‘selection committee’ to appoint the managing director of the world-famous micro-credit organisation. The Grameen Bank’s chairman, in consultation with the board of directors, will now form

US wants transparency in selecting Grameen Bank MD

The United States has again urged the Bangladesh government to ensure transparency in the selection of a new managing director of the Grameen Bank. The US State Department’s spokesperson, Victoria Nuland, also called on the government not to take any step that would reduce the ‘integrity or efficacy’ of the

US worried about GB

Mozena tells Muhith The US has reiterated its concern at the government’s move to curtail the power of Grameen Bank’s borrowers in the selection of the bank’s managing director. Its ambassador in Dhaka, Dan Mozena, expressed his country’s concern at a meeting with finance minister AMA Muhith at the latter’s secretariat

Women leaders rally behind GB

Say govt actions will make its owners powerless More women professionals and leaders have raised their voices against a government move to amend the Grameen Bank Ordinance of 1983, and thereby curb the autonomy of the Nobel-winning microlender. Forty-six women yesterday issued a statement under the banner of Friends of Grameen, condemning the proposed changes ... Read more

Yunus not telling truth: Muhith

The finance minister, Abul Maal Abdul Muhith, on Sunday said that Muhammad Yunus was not telling the truth when he said that the government was out to grab Grameen Bank with its various activities and Yunus’s saying such things were harmful for the country. ‘He is running unnecessary campaigns that the government wants to take ... Read more

Save Grameen Bank: 201 citizens

Two hundred and one citizens in a statement on Saturday called on all to save the Grameen Bank and demanded cancellation of the ‘motivated and illogical’ government decision of curtailing the authority of the bank’s board and vesting of authority in its chairman to appoint the managing director. They called on the people to raise ... Read more

Leave Grameen Bank as it is

58 top women leaders ask govt not to change ordinance, deprive real owners A large group of 58 women leaders and professionals yesterday condemned the government move to amend the Grameen Bank Ordinance, saying it would deprive its real owners of their role in managing their bank. “We are deeply shocked and saddened by the ... Read more

GB paid Tk 10cr in taxes

Tax Exemption Riddle GB paid Tk 10cr in taxes Refund unlikely Grameen Bank, for the first time, had paid Tk 10 crore in taxes to ensure compliance for a period of six months, when there was no tax exemption for the microfinance pioneer, said NBR officials yesterday. The Nobel Peace Prize winning entity deposited the ... Read more

Outcry over Grameen unnecessary

Hanif slates civil society Though the government has not taken any action against the authorities of Grameen Bank (GB), some members of the civil society have raised a hue and cry in the name of saving the bank, complained acting general secretary of Awami League Mahbubul Alam Hanif yesterday. The government has just formed a ... Read more

Tax men swoop on 54 entities

Grameen Bank Tax men swoop on 54 entities The National Board of Revenue yesterday launched a hunt for tax-related information on Grameen Bank’s 54 associated but legally independent entities. The NBR asked one of its tax zones to provide it with income tax records of the bank’s associated organisations, an NBR official said yesterday, a ... Read more