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  • The crisis in Pakistan-United States relations: analysis of recent events
  • The Higgs boson
  • Selim Al-Deen theatre fest begins
  • Milon acts in over 20 plays in Eid
  • BB requests NBR to exempt tax for savings up to Tk 5 lakh
  • Draft insurance rule wants increase in rural business by cos
  • Pujara boosts India with comeback ton
  • US Open ref on ‘coffee cup’ husband murder charge
  • Army recaptures Aleppo heart as fighting rages
  • Sri Lanka govt shuts down universities
  • Murder case filed against Limon, family
  • Grameen Bank Ordinance amended
  • Doctor stabbed to death in city
  • CEC asks parties to make ‘decision’ about next polls quickly
  • BNP waits for full 13th amendment judgement
  • Punishment of Moeen, Fakhruddin demanded
HOME  BUSINESS

BB requests NBR to exempt tax for savings up to Tk 5 lakh

A file photo shows clients doing banking at a private bank in the capital. The Bangladesh Bank has proposed that the National Board of Revenue should exempt the tax on the profit and interest of bank deposits of up to Tk 5 lakh instead of Tk 1 lakh for depositors without tax identification numbers. — New Age photo
The Bangladesh Bank has proposed that the National Board of Revenue should exempt the tax on the profit and interest of bank deposits of up to Tk 5 lakh, instead of Tk 1 lakh, for depositors without tax identification numbers (TIN). The BB’s governor... Full story

Draft insurance rule wants increase in rural business by cos

Insurance companies will have to collect minimum 12 per cent of their entire policies from the rural and social sectors within five years, the draft of a proposed insurance rule suggested. Full story

Eurozone flounders, China brakes, US may slow

An employee checks on a steel product at a steel production factory in Wuhan, Hubei province in China on August 2. — Reuters photo
The eurozone is on track for its second recession in three years, China’s once booming manufacturing sector is contracting at a faster pace than previously reported, and the United States is widely seen as struggling to keep up its pace of growth. Full story

9 BB branches asked to use ‘banking solution software’

Bangladesh Bank governor Atiur Rahman on Thursday directed the general managers of its nine branches to conduct transactions using ‘banking solution software’ from August 26 to ensure accuracy and quickness. Full story

India’s central bank gives fresh growth warnings

India’s central bank on Thursday warned that the country’s economic prospects are unlikely to improve in the near future because of slowing reforms and high inflation. In its annual report, the Reserve Bank of India... Full story

Merkel, Hollande to unite in tough message for Greece

France’s president Francois Hollande and Germany’s chancellor Angela Merkel attend a ceremony in Reims Cathedral on July 8. — Reuters photo
Angela Merkel and Francois Hollande were to present a united front towards Greece at talks on Thursday, telling Athens not to expect any leeway on its bailout agreement unless it sticks to its terms. The German and French leaders were meeting... Full story

Greek PM warns euro exit would trigger domino effect

Greek prime minister Antonis Samaras warned Thursday his country’s exit from the euro would start a devastating domino effect that would hit other members of the common currency. Greece being forced to leave... Full story

Australian mining minister declares boom ‘over’

Australia’s resources minister on Thursday declared the nation’s mining boom ‘over’ after BHP Billiton delayed a major project as China’s easing and European woes hit commodity prices. Full story

Russia cuts grain forecast to 75m tonnes

Russia’s agriculture minister on Thursday lowered the country’s grain output forecast to 75 million tonnes after already reducing 2012 expectations because of drought conditions in farming regions. Full story

Sony to cut 15pc of mobile phone workforce

Sony said Thursday it would chop 15 per cent of the workforce at its struggling mobile phone unit and move its headquarters to Tokyo from Sweden as the Japanese consumer electronics giant slashes costs. Full story


    Friday, August 24, 2012

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