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Put an end to the culture of bad debt

Until every loan granted by state-owned banks is subject to careful monitoring, it will be very hard to keep in check this unchecked growth of bad loans. Bangladesh’s banking sector now has over Tk80,000 crores worth of bad loans — that is a whopping $10 billion. These bad loans account for more than 10% of […]

Over 10,000 CNG-run autorickshaws ply the Dhaka city streets illegally by bribing a syndicate of traffic policemen and middlemen. Autorickshaws require a route permit for operating in the metropolitan area. Around 23,000 autorickshaws run in the capital and almost half of them do not have this permission. These vehicles, usually registered in districts close to […]

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A US Navy aircraft carrying 11 crew and passengers has crashed into the sea off the coast of Japan. The cause of crash is unknown and the names those onboard are being withheld while next of kin are notified, the US Navy said in a statement. The aircraft was en route to the aircraft carrier […]

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BNP will nominate 200 candidates for the next parliamentary election, and it will employ a three-tier category system for finalizing candidates for the remaining 100 constituencies Ahead of the upcoming 11th general polls, BNP plans to keep aside at least 100 constituencies for candidates under separate three categories not directly a party of the party. […]

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The United States on Tuesday imposed sanctions against 13 Chinese and North Korean organisations Washington accused of helping evade nuclear restrictions against Pyongyang and supporting the country through trade of commodities like coal. The US treasury announced the action one day after president Donald Trump put North Korea back on a list of state sponsors […]

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Rangpur Riders bowlers put up an extra-ordinary effort to overshadow Sakib al Hasan’s maiden five-wicket haul in the Bangladesh Premier League, leading their side to a thrilling three-run win over star-studded Dhaka Dynamites on Tuesday. In a low-scoring classic, Dhaka required 10 runs in the final over to clinch the win and move to the […]

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A court has sentenced six people, including former Gaibandha Jamaat MP Abu Saleh Mohammad Abdul Aziz Mia, popularly known as Ghoramara Aziz, to death for war crimes during the 1971 Liberation War. A three-member bench of the International Crimes Tribunal announced the verdict on Wednesday. According to the decision, the court found the suspects guilty […]

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The vessel made its last contact with authorities to report a mechanical breakdown, but, as storm conditions which had impeded rescuers eased An international search mission for a missing Argentine submarine entered a critical phase Tuesday after nearly a week without signs of life — as the vessel risked running out of oxygen after being […]

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Tax receipts by the National Board of Revenue fell short of target by Tk 3,355 crore in the first quarter of the current fiscal year 2017-2018 though the collection registered a healthy growth in the period compared with the same period of last FY. According to official data of the revenue board, tax officials managed […]

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