Dhaka June 30 (bdnews24.com)—Corruption and lack of accountability make The World Bank, dubbed one of world’s most powerful institutions, one of the “most dysfunctional” in the world, says a report by one of world’s most respected publications. Fingers have been pointed at the Bank’s immediate past President for failing to rein in the systemic slide. [...]
DHAKA: A tremor with 5.5-magnitude on the Richter scale jolted capital Dhaka and adjoining areas Sunday morning, but there was no immediate report of any damage or casualties. The met office told Independent Online that the moderate trembler was felt briefly at 10:13 am and its epicentre was on the Bangladesh-Myanmar border, some 476 [...]
NARSINGDI: After eight months of investigation, police submitted chargesheet in Narsingdi former Mayor Lokman Hossain murder case on Saturday. Twelve people, including three accused by the plaintiff, were named in the chargesheet submitted in the district’s Chief Judicial Magistrate’s Court, Superintendent of Narsingdi police Khandker Mohiuddin told reporters. Investigation Officer of the case, Detective Branch [...]
MYMENSING: Three people were killed and 40 others injured in a head-on-collision between a bus and a truck on Dhaka-Mymenshing highway at Kathali in Bhaluka upazila on Sunday morning. The deceased could not be identified immediately. Police said the accident took place at about 8 am when the speedy truck collided with the Bhaluka-bound [...]
Flooding in the north worsened with several hundred villages being inundated, marooning tens of thousands of people whilst flooding in the north-east improved slightly. The Flood Forecasting and Warning Centre said the flood situation in the north-east was likely to improve while the flood situation in the Brahmaputra and the Jamuna river basin might deteriorate [...]
The general index of Dhaka Stock Exchange lost 25 per cent, or 1,545 points, in the last financial year that ended Saturday despite the market stabilising efforts taken by the government after the historic crash at the country’s capital market in late 2010. On June 30, 2011, the DSE general index or DGEN was at [...]
The Sylhet City Corporation could not complete the ongoing project to expand and reconstruct eight main roads in the city within the stipulated time of the past fiscal year because of fund crisis. The unfinished roads are causing serious sufferings to the city people, complained residents of different city areas. The corporation authorities, instead of [...]
The financial year 2012–2013 begins today with all indicators of macro-economy nosediving in the just concluded financial year because of the below par performance of the government. Economists said that the government would need to face some major challenges in the new financial year in maintaining macro-economic stability such as curbing high inflation, maintaining GDP [...]
registration of general knowledge competition titled ‘Desh Jano, Biswa Jano’ designed for Dhaka’s secondary-level students kicked off on Saturday. A leading vernacular daily Kaler Kantho and Ocean Group are jointly organising the competition. Students of more than 700 educational institutions in the metropolis will be able to participate in the competition after registering for the [...]
The World Bank’s decision to cancel its loan for the Padma bridge was arbitrary, Mashiur Rahman, economic adviser to the prime minister, said yesterday. “The laws or the legal processes were not followed properly [in the cancellation],” he said in an interview with The Daily Star, hours after the WB scrapped its $1.2 billion loan [...]