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NBR to set up 28 new tax zones, units in phases

The National Board of Revenue (NBR) is extending its network by setting up 28 new tax zones and units to increase revenue collection. Under the plan, the revenue agency will set up 20 new tax zones, four specialised units and four appellate wings, reports UNB. The government approved this recently after shelving the proposal for expansion for 11 years. “The ...

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Wasted wind power adds £40 to household energy bills, says think tank

Wasted wind power will add £40 to the average UK household’s electricity bill in 2023, according to a think tank. That figure could increase to £150 in 2026, Carbon Tracker has estimated. When it is very windy, the grid cannot handle the extra power generated. Wind farms are paid to switch off and gas-powered stations are paid to fire up. ...

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Red Sea attacks disrupt sea shipping, increasing delays and costs

Following attacks by Yemeni rebels, several shipping firms have said they will avoid the key Red Sea shipping route, which is likely to disrupt global trade by increasing delays and increasing costs, reports AFP. In recent weeks, Yemen’s Iran-backed Houthi rebels have launched numerous drone and missile attacks on ships passing through the Red Sea’s strategic Bab al-Mandab strait, a ...

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Gold price raised by Tk 1,167 per bhori

The price of gold has been raised by Tk 1,167 per bhori following an increase in the price of pure gold in the local market. Now, the price of 22-carat (11.664 grams) gold has become Tk 1,09,292 per bhori. In addition, the price of 21-carat is Tk 1,04,334 per bhori, 18-carat Tk 89,405 per bhori, and gold of traditional method ...

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Indian onions start rotting as trucks stuck at landport

Truckloads of onions have begun stinking along the India-Bangladesh border in Bengal while the prices of the crop move northwards in the neighbouring country, according to a report by The Telegraph Online on Sunday (December 17). A decision of the central government prohibiting export of onions has suddenly slammed the brakes on several cargo trucks, waiting at land ports along ...

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‘Islamic banks were asked to address deficit’

Bangladesh Bank has asked the Islamic banks in crisis to resolve the current account deficit but has not decided to remove them from the clearing platform. Bangladesh Bank Spokesperson Md Mezbaul Haque came up with the statement in a press conference on Sunday morning. Speaking at the press conference, Md Mezbaul Haque said that Islamic banks are well placed in ...

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Petrol prices fall to lowest level in two years

Petrol prices have fallen to lowest level at the pumps on average for more than two years, the RAC has said. A litre of unleaded costs about £1.43 on average, a price which was last seen at UK forecourts in October 2021. A fall in wholesale fuel costs has resulted in lower pump prices, the RAC said, adding that petrol ...

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Horizon scandal: Call for all Post Office convictions to be overturned

A call has been made for hundreds of Post Office staff wrongly accused of theft and false accounting to all have their convictions overturned. More than 700 Post Office managers were convicted when faulty accounting software made it look as though money was missing from their sites. A board overseeing compensation said until all convictions were quashed, “we cannot put ...

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Interest rates: Too early to speculate about cut, says Bank boss

It is “too early” to speculate about when UK interest rates will be cut, according to the governor of the Bank of England. Andrew Bailey spoke after the Bank voted to hold interest rates for a third time at 5.25% – a 15-year high. On Wednesday, the US Federal Reserve signalled that rates were at or close to a peak ...

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US Senate passes $886-billion draft defense budget for 2024

The Senate of the US Congress approved the country’s draft defense budget for fiscal year 2024, worth record $886.3 billion, according to a live broadcast of the vote. A total of 62 senators voted in favor, 10 were against. After being approved by the Senate, the 3,000-page draft National Defense Authorization Act for Fiscal Year 2024 will be sent to ...

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