• Saturday, July 26, 2014

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Government

Prices of essentials kept in control

Prices of most of the essential commodities usually in high demand ahead of Eid remained stable thanks to adequate supply. Previously, a section of retailers used to make excessive profit every year when the festival neared, selling such items at much higher prices due to lax government monitoring.   However, the scenario is a bit different this year. Prices of chicken, beef and mutton have registered a rise at the city kitchen markets yesterday, putting an extra pressure on the middle- and low-income...

Banks await $20b opportunity to invest in power

Banks await $20b opportunity to invest in power

Bangladesh's power sector opened opportunities for private banks to lend between $10 billion and $20 billion by 2030, as the country struggles to narrow the gap between demand and supply of electricty. The government plans to produce 39,000 megawatts of electricity by 2030 against estimated demand of 34,000MW at the time to fulfil its ambitious plan of taking power to all by 2021. Plugging the energy gap will require $60 billion of additional investment up to 2030, Standard Chartered Bank said in an analysis. “The government will not be able to fund this solely, which lends significant room for private-sector involvement,” it said. Despite the government's substantial spending for the power and energy...

Compliance key to market access

Compliance key to market access

Bangladesh needs to fully comply with international labour standards and make gains in ensuring workers rights sustainable to retain market access to the European Union, a top diplomat said.  "I think market access, compliance and sustainability go together. They are part of the same picture," said William Hanna, head of the EU delegation to...

Child war heroes rule govt jobs!

The government yesterday revoked the freedom fighters' certificates of 35 public servants who had obtained them through forgery over the past few years. In addition, the Liberation War Affairs Ministry is investigating 300 government employees and about 5,000 people from different professions who allegedly managed the certificates by faking documents, a highly placed source in the ministry said. The government will publish the names of the 35 in a gazette in a day or two. Departmental action against them will follow...

No reason to be feared: Abbas to govt

No reason to be feared: Abbas to govt

BNP’s new Dhaka city chief Mirza Abbas today said the Awami League government has no reason to get feared of opposition’s movement as what he said the anti-government agitation would be “peaceful and democratic”. “But do not let loose your [the government] cadre groups and do not attack us. You will have to provide us opportunity to wage normal agitation,” Abbas said at an iftar programme at the capital’s Ladies Club.  The Dhaka Medical College Hospital unit of Doctors Association of Bangladesh, a platform of pro-BNP physicians, arranged the iftar. This was Abbas’s maiden appearance before the public and media since the announcement of the 56-member committee of the party’s crucial chapter...

Plane tragedy creates dilemma for Putin

The shooting down of Malaysia Airlines flight 17 has confronted Vladimir Putin with a dilemma he had sought to avoid: to continue to support the separatist insurgency in Ukraine in the face of a storm of international outrage, or cut the rebels off and allow them to be defeated by the government in Kiev. Until the plane was hit by an anti-aircraft missile on Thursday, killing nearly 300 people, the Russian president had tried to hedge his bets according to...

Move to empower JS to impeach judges challenged

Move to empower JS to impeach judges challenged

A lawyer today filed a writ petition seeking High Court directive on the government not to amend the constitution for empowering parliament to impeach Supreme Court judges. Supreme Court lawyer Eunus Ali Akond in the petition also prayed to the HC to order the government to maintain status quo on the reported decision about...

Govt to decide on container terminal soon: minister

The government will soon decide on how the New Mooring Container Terminal will be operated, Shipping Minister Shajahan Khan said yesterday. The shipping ministry had earlier decided to run the terminal by a private operator after procuring equipment with the port fund, Khan said. Later, the decision was cancelled due to opposition from different corners, said Khan, also the chairman of the Chittagong port advisory committee. He spoke to reporters after the eighth meeting of the committee at Shaheed Md Fazlur Rahman...

Fight For Safe Food

Stop use of harmful chemicals in iftar items

Leaders of Poribesh Bachao Andolan (Poba) yesterday urged the government to take necessary steps to stop the use of harmful chemicals in iftar items, and put forward a 12-point recommendation to control the use of such chemicals. Farmers, producers and traders looking to make more profit have been using formalin, fertilisers and other chemicals in foods consumed during iftar that may cause damages to the heart, liver and skin, they said at a press conference at the organisation's head office...

India's inflation eases to four months low

India's inflation slowed to a four-month low in June, data showed Monday, but a weak monsoon could push up food prices and pose headaches for the new government. The Wholesale Price Index, the closest-watched cost of living monitor, rose to 5.43 percent year-on-year in June, the slowest pace since February, and down from 6.01 percent in May, the commerce ministry said in a release. India's Prime Minister Narendra Modi's right-wing government came to power in May on a pledge to wrestle...

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