Banking

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    Loan release for import-replacing crops remains slow in H1

    Staff Correspondent | Updated at 09:55pm on January 23, 2017

    Loan disbursement by scheduled banks to farmers involved in cultivating four types of import-replacing crops — pulses, oil seeds, spices and maize — stood at...

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    Importers allowed to use ERQ fund to settle import payment for all cos

    Staff Correspondent | Updated at 10:16pm on January 22, 2017

    Bangladesh Bank on Sunday said that an importer would be allowed to settle import payment by taking fund from his/her other companies’ export retention quota...

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    None goes to BERC tribunal directly

    Staff Correspondent | Updated at 10:12pm on January 22, 2017

    Utilities, businesses and consumers in the energy sector are yet to go directly to the Bangladesh Energy Regulatory Commission for settlement of disputes between two...

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    Capital market to be in strong position by 2020, says Muhith

    Staff Correspondent | Updated at 10:08pm on January 22, 2017

    Finance minister AMA Muhith on Sunday said that the country’s capital market would become more strong within the next three years if some positive changes...

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    India pressed ahead with note ban despite RBI concerns

    Reuters . New Delhi/Mumbai | Updated at 10:36pm on January 21, 2017

    India pushed ahead with its decision to scrap banknotes even as the Reserve Bank of India’s own board expressed concern whether the cash could be...

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    FBCCI urges NBR to start talks on new VAT law

    Staff Correspondent | Updated at 10:32pm on January 21, 2017

    The Federation of Bangladesh Chambers of Commerce and Industry has requested the National Board of Revenue to start discussions with businesses on various important issues...

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    Commerce asks for radiation scanner for metal at all ports

    Staff Correspondent | Updated at 10:28pm on January 21, 2017

    Commerce ministry has requested the National Board of Revenue and port authorities to set up infrastructure including scanners at all sea and land ports to...

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    Imports rise in Dec

    AKM Zamir Uddin | Updated at 11:24pm on January 20, 2017

    The country’s import payments registered a 9.27-per cent growth in December last year against the 17.84-per cent growth posted in the previous month...

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    Finance okays 209 new posts to turn labour directorate into dept

    Moinul Haque | Updated at 10:33pm on January 19, 2017

    The finance ministry has recently approved 209 new posts for upgradation of labour directorate to labour department after nine months scrutiny of labour ministry proposal...

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    Defaulted farm loans rise by 13.50pc to Tk 4,950cr in 2016 

    AKM Zamir Uddin | Updated at 10:30pm on January 19, 2017

    Defaulted loans in the country’s agriculture sector increased by 13.50 per cent in 2016 year-on-year as the scheduled banks did not take adequate measures to...

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