- Power & Energy
- February 15, 2018
Modi also unveiled the plaque of foundation stones for six projects funded by the Indian governmentThe visiting Indian Prime Minister Narendra Modi inaugurated the newly built Chancery complex of the Indian High Commission in the capital’s Baridhara area yesterday.
He also unveiled the plaque of foundation stones for six projects in Bangladesh funded by the Indian government.
At a time of high summer demand, 300mmcfd less gas may result in 1,500MW less electricityThe authorities of the Bibiyana Gas Field have reduced production of gas because of a high inventory of condensate, triggering fears of higher load-shedding due to compromised power generation.
Natural-gas condensate is a low-density mixture of hydrocarbon liquids that are present in raw natural gas produced from natural gas fields.
US-based oil company Chevron operates Bibiyana located in Habiganj under block 12 in the country’s north-eastern region.
Former parliament speaker Sheikh Razzak Ali died in his residence in Khulna’s Farazi Para yesterday at the age of 86.
The veteran politician had been battling cancer since 2012. He left behind his wife, five daughters, grandchildren and many well wishers to mourn him.
Born on August 28, 1928, in Hitampur village of Khulna’s Paikgachha upazila, Razzak holds master’s degrees in Bangla and economics as well as earning his bachelor of law degree. During his student years, he actively participated in the Language Movement of 1952.
The Customs Intelligence and Investigation Directorate on Saturday night seized 2,140kg liquid cocaine at Chittagong port which was imported in the name of sunflower oil.
The cocaine worth Tk100 crore was imported in a container, said Md Malekin, assistant director of the Customs Intelligence and Investigation Directorate.
He said the container would be examined today morning in the presence of police, the Department of Narcotics Control and other officials.
Village court, an alternate dispute resolution method, has been able to garner much trust from villagers as it has been successfully settling cases in Cox’s Bazar.
Out of the 71 unions of the district, activities of the village court are going on in at least 25 unions. Hundreds of people in these unions are reaping the benefits of village courts as it saved them from the expensive and time consuming formal legal proceedings.
Rapid Action Battalion (RAB) seized 15 firearms from vehicles of a motorcade in Lalpur area of Feni on Saturday night and arrested 26 people, apparent followers of Awami League lawmaker Nizam Uddin Hazari of Feni-2.
Lt Col Miftah Uddin Ahmed, commanding officer of RAB 7, said at a press briefing around 12.30am, a team of RAB led by camp commander Major Muzammel laid a check-post in the area at night and intercepted a convoy of three microbuses.
Over 2,000 patients admitted in 39 wards of Chittagong Medical College Hospital (CMCH) suffered immensely for the last four days as electricity remained suspended for the time frame.
The 60-year-old electric transformer of the hospital went out of order on Thursday afternoon. The supply of electricity resumed yesterday at 5:30pm after the old transformer was replaced with a new 2000kVA transformer, CMCH Director Khondakar Shahidul Ghani told the Dhaka Tribune.
Residents of five out of seven upazilas in Khulna are facing acute crisis of drinking water as a good number of ponds have dried up in the locality for lack of rainfall.
The district administration have excavate 76 water reservoirs while 52 of them have remained inoperative for long. Apart from these, two desalination plants out of nine have remained out of order.
As water level of these ponds have fallen, people of these localities have to drink water containing mud which is causing different types of water-born diseases, including diarrhoea and dysentery.
Indian Prime Minister Narendra Modi began the second day of his Bangladesh tour by offering prayers at the Dhakeshwari Temple in Old Dhaka yesterday.
“An early morning temple visit. PM @narendramodi worships at the Sree Sree Dhakeshwari Temple in Dhaka,” Indian External Affairs Ministry spokesman Vikas Swarup tweeted.
Dhaka South City Corporation Mayor Sayeed Khokon, President of Mahanagar Sarbajaneen Puja Committee JL Bhowmik and General Secretary Narayan Saha Moni greeted the Indian PM at the temple around 8:40am.
The draft schedule and fare chart for the two newly launched international bus services between Bangladesh and India have been prepared and are waiting to be finalised.
The Bangladesh government has also fixed a draft visa policy for Indian passengers travelling from one Indian state to another through Bangladesh.
Both the drafts will be finalised in a meeting between the representatives of both the countries, which is going to be arranged soon in Dhaka, sources told the Dhaka Tribune.
The heatwave sweeping the country since last week and making lives miserable will continue five or six more days, says the Met office.
The current spell of a moderate heatwave may continue as the monsoon wind is being delayed, said Sanaul Haq from the Bangladesh Meteorological Department. However, the central part of the country including Dhaka might experience some rainfall in a day or two which will reduce the temperature.
Indian Prime Minister Narendra Modi yesterday made an ardent call for his country and Bangladesh to work together for the betterment of their people and the region.
“The whole world will see that we are not just side by side, but together,” he said in a public speech at the Bangabandhu International Conference Centre yesterday.
In his hour-long speech, Modi discussed bilateral cooperation and stressed working together to make a better world for the next generation.
Multinational companies evade taxes abusing transfer pricing in different ways including capital flight …The National Board of Revenue (NBR) has geared up its activities to prevent money laundering and tax evasion by multinational companies (MNCs), with their associated companies abroad, through transfer mispricing.
The NBR has taken up the move to curb tax evasion by MNCs through abusing transfer pricing as it found such practices across the world.
The Bangladesh-India bilateral relation has entered a new phase for mutual benefit of the people of the two countries and collective prosperity of the region, said a joint declaration issued by Bangladesh and India.
The new relationship will be based on a pragmatic, mature and practical approach based on sovereignty, equality, friendship, trust and understanding.
Bangladesh Garment Manufacturers and Exporters Association has sought a 50-acre land in India to build a warehouse and distribution centre.
The call came as the visiting India’s Prime Minister Narendra Modi met a business delegation at Sonargaon Hotel in Dhaka yesterday.
The delegation was led by Abdul Matlub Ahmed, president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
Sustained economic growth, a demographic dividend, and increased reforms of the RMG sector are resulting …Bangladesh has made gradual progress in reducing some investment-related constraints and offered opportunities for investment, especially in energy and power, pharmaceutical, information technology, telecommunications, and infrastructure sectors.
The US Department of State made the observation in its “Investment Climate Statements 2015,” which provide country-specific information and assessments on investment-related laws and other important factors for doing business abroad.
Welcoming the budget 2016, Dhaka Stock Exchange (DSE) termed it a market-friendly as corporate tax cut for the listed firms will attract entrepreneurs for financing their businesses.
However, the DSE has urged the finance minister to re-consider the proposals in relation to demutualisation, which would help smooth transformation of corporatisation process and operation of the exchange.
Indian Prime Minister Narendra Modi highly appreciated Bangladeshi cricketers yesterday saying there is no scope to underestimate Bangladesh cricket team any more.
He made the remark just a day ahead of Indian Cricket team’s arrival in Dhaka.
Modi appreciated the recent performance of Bangladesh cricket team and also mentioned Shakib Al Hasan’s name. He, however, called him Al Hasan.
The prime minister hoped that Bangladesh would perform better in the days to come.
The World Bank has approved a total US$476m loan to finance the implementation of two projects in Bangladesh.
The lending agency’s board of directors on June 5 approved the loan in Washington DC for the projects to help develop a strong financial sector and to improve agricultural productivity for one million poor farmers, according to a statement received here yesterday.
The projects approved by the Bank’s Board of Executive Directors are $300m for the financial sector support project and $176.06m for the Second National Agricultural Technology Program.
Market started the day with severe bullish tone after a capital market-friendly national budget proposal by the finance minister, but later could not maintain the buying spree as investors went a bit cautious at the end of the dayStocks witnessed modest rally yesterday – the first day after the annual budget for the next fiscal year unveiled by Finance Minister AMA Muhith on Thursday.
At the very beginning, optimistic investors placed sizeable bets on stocks, firing up the Dhaka Stock Exchange benchmark index (DSEX) that jumped nearly 90 points before mid-session. But the bounce failed to sustain as some late profit-booking sell-off wiped off around 70% of the early gains.