• Thursday, October 23, 2014

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Government

IMF holds back loans over delay in VAT law

The IMF has deferred the release of the sixth instalment of the $1 billion loan to next year after the government failed to lay out a fresh roadmap for implementing the new VAT law. The sixth instalment -- around $140 million -- had been scheduled for release in November, following a successful review by the visiting International Monetary Fund mission last month. The decision on deferral was conveyed to Finance Minister AMA Muhith when he met IMF high officials at the...

Better roads, sufficient energy to propel growth: ICCB

The government must prioritise the development of road networks and other infrastructure for higher economic growth, a leading international chamber said yesterday. “Proper infrastructure is a must to accelerate higher GDP growth. Good roads, power supply and sufficient energy sources generally lure investments,” said Mahbubur Rahman, president of International Chamber of Commerce Bangladesh. The country will have to invest $7-$10 billion by 2020 in infrastructure development, while maintaining political stability, to achieve higher economic growth, Rahman said at a briefing...

Road safety steps in hibernation

Three government bodies tasked with ensuring road safety have been sitting on their decisions on crucial issues including the removal of unfit vehicles and illegal structures from highways and roads. Their activities have largely been limited to discussions on road safety issues. Not much has been done to check overloading of vehicles, punish drivers for using fake licences or reckless driving, and stop plying of non-motorised vehicles on highways. Headed by Road Transport and Bridges Minister Obaidul Quader, the three bodies --...

DRIVING ON WRONG SIDE OF THE ROAD

End impunity of influentials violating traffic rules: HC

End impunity of influentials violating traffic rules: HC

Pointing out that influential quarters use their impunity to tamper with and violate traffic regulations in Dhaka city, the High Court today sought explanation from the government why it should not enforce traffic laws strictly to prevent such practices. "No one should escape from the radar of law with impunity," an HC bench said...

German MPs dissatisfied with Rana Plaza compensation

A three-member delegation of the German parliament has expressed dissatisfaction over non-payment of adequate compensation to the victims of the Rana Plaza building collapse even one and a half years after the incident. “It's a shame for everybody -- factory owner, international buyers and the government as the victims have not received the compensation as per the commitments given to the workers after the accident,” delegation leader Dr Sascha Raabe told reporters at Lakeshore Hotel in Dhaka yesterday. It is a...

Right to Information Act

Revise section 7 for better implementation

Revise section 7 for better implementation

Massive awareness campaign about the Right to Information Act is very urgent to ensure its effective implementation, and to get benefits from the law, said discussants at a seminar yesterday. Most of the people do not know about the law, though five years have already passed after its enactment. The government, mass media and...

Intruders hack father, son in capital

Armed assailants forced into the residence of a retired government employee and hacked him and his son in the capital's Sabujbagh yesterday. The injured Abul Hossain, 67, a former assistant director of Board of Investment Bangladesh, and his son Jahid Hossain, 45, are undergoing treatment at National Institute of Traumatology and Orthopaedic Rehabilitation. Some seven to eight assailants first took the gatekeeper hostage at gunpoint and forcibly entered the flat on the second floor of their four-storey building at Baganbari around...

Khaleda starts 2-day northern dists tour

Khaleda starts 2-day northern dists tour

BNP Chairperson Khaleda Zia started her journey to Bogra from her Gulshan office for a two-day long programme of 20-party alliance. Khaleda will stay in Bogra Circuit House tonight and start for Nilphamari next afternoon, Shairul Kabir Khan, media wing member of BNP's Gulshan office told The Daily Star. She is scheduled to attend an...

Istiaque Ahmad new Petrobangla chairman

Istiaque Ahmad new Petrobangla chairman

The government today appointed cabinet division Additional Secretary Istiaque Ahmad as the chairman of state-run oil corporation Petrobangla. The public administration ministry floated an order in this regard this afternoon announcing that the appointment will come into effect immediately. Ahmad came as a successor to Professor Hossain Monsur who was made chairman of Petrobangla in August 2010.

EU praises workplace safety reforms

The European Commission yesterday lauded Bangladesh's progress in efforts to ensure workplace safety in the garment sector. The commission urged the government to effectively implement the labour law, which was amended in parliament on July 15 last year. In the amended law, the government allowed full freedom of association by the workers at the factory level. A statement by László Andor, European commissioner for employment, social affairs and inclusion, said there has been much progress since the Rana Plaza building collapse...

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