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    Defaulted farm loans rise by 27pc in FY17 on crop losses

    Staff Correspondent | Updated at 10:35pm on July 20, 2017

    Defaulted loans in the agriculture sector increased by 27.06 per cent in the recently concluded fiscal year of 2016-17 compared with those in the previous fiscal year as a large number of farmers in the flood-hit areas of the country failed to pay the instalments against their bank loans due to crop losses...

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    NBR to inspect factories to find out illegal foreign workers

    Jasim Uddin | Updated at 09:18pm on July 20, 2017

    The National Board of Revenue is planning to inspect local business entities from August to find out foreigners working there without proper approval of the authorities...

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    Banks asked to set up FDI help desk at key branches

    Staff Correspondent | Updated at 12:21am on July 20, 2017

    Bangladesh Bank has instructed the commercial banks to set up FDI help desk at their key branches for boosting foreign direct investment in the country....

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    Fin min asks BB not to give cash incentives to remitters

    Staff Correspondent | Updated at 12:20am on July 20, 2017

    Bangladesh Bank is in a quandary about how to give incentives to remittance senders to increase inward remittance as finance minister AMA Muhith has rejected a move to pay cash incentives to non-resident Bangladeshis who send remittance through legal channel...

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    Hike in limit of income tax payment thru treasury challan on cards

    Jasim Uddin | Updated at 12:19am on July 20, 2017

    A finance ministry committee has recommended the government to raise the ceiling of income tax payment through treasury challan to Tk 50,000 from the current Tk 10,000 to facilitate quick deposit of tax money to the public exchequer, officials said...

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    Ctg, Benapole ports to remain open 24 hrs from Aug 1

    Staff Correspondent | Updated at 12:09am on July 20, 2017

    Shipping minister Shajahan Khan on Wednesday said the Chittagong sea port and Benapole land port would be kept open round the clock from August 1...

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    Dhaka stocks fall for 3rd day dipping below 5,800pt

    Staff Correspondent | Updated at 11:47pm on July 19, 2017

    Dhaka stocks declined for the third consecutive session on Wednesday amid a fall in the prices of more than two-thirds of the traded scrips as investors kept selling shares for booking some profit after the recent surge...

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    BB gov asks businesses to take syndicated loans

    Staff Correspondent | Updated at 02:30am on July 19, 2017

    Bangladesh Bank governor Fazle Kabir on Tuesday urged businesspeople to take syndicated loans from the banks to implement the mega projects...

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    Experts, policymakers call for research, innovation to sustain economic dev

    Staff Correspondent | Updated at 02:27am on July 19, 2017

    Policymakers and experts from Bangladesh and European Union on Tuesday emphasised on conducting rigorous research and innovation activities on various industrial and social challenges to sustain economic and social development in the country...

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    Canada court rejects suit seeking $2b damages from 2 retailers

    Staff Correspondent | Updated at 02:25am on July 19, 2017

    An Ontario court has rejected a class-action lawsuit seeking $2 billion from Joe Fresh and Loblaw Cos Ltd, two Canada-based global retailers, over the Rana Plaza building collapse on April 14, 2013 which killed more than 1,100 and injured some 2,500 people....