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Bangladesh slashes rice import duty by more than a half

The government has cut the import duty on rice to 10 percent from the existing 25 percent to encourage private traders to purchase more from abroad. Commerce Minister Tofail Ahmed announced the decision on Tuesday and said a formal notice would follow soon.  The government also decided to withdraw the 3 percent regulatory duty, a contentious issue that discouraged the ...

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Prime Minister Sheikh Hasina leaves for Sweden

Prime Minister Sheikh Hasina has left for Sweden via London on Tuesday for the first-ever bilateral visit by a Bangladesh head of state to Stockholm. A VIP Biman Bangladesh flight left Dhaka with the prime minister and her delegation on Tuesday at 12:10pm. The flight is scheduled to arrive in London on Tuesday night Bangladesh time. Hasina will stopover in ...

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President, PM mourns loss of lives in landslides

President M Abdul Hamid and Prime Minister Sheikh Hasina on Tuesday expressed profound shock at the death of many people in three districts– Chittagong, Rangamati and Bandarban– following series of landslides triggered by torrential rains.   The President and the Premier expressed their deep shock and sympathy in separate messages.   In a condolence message, the President M Abdul Hamid ...

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Mannan hints reconsidering excise duty on bank accounts

The state minister for finance, MA Mannan, on Tuesday said that there is scope for the government to reconsider its proposal of increase in excise duty on bank accounts. Mannan made the comments when lawmakers on Tuesday continued criticizing the finance minister AMA Muhith for the ninth day for proposing hiked excise duty on bank accounts while taking part in ...

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Landslide triggered by rain kills 65 in hilly areas

At least 65 people have been killed in landslide in the hilly districts, followed by yesterday’s daylong downpour that was influenced by a depression in the Bay. Twenty-three people were killed in Chittagong while 35 in Rangamati and seven in Bandarban, our local correspondents reported this afternoon. Many among them were women and children. Additionally, two army officers are believed to ...

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Bangladesh diplomat arrested in New York on charges of labour trafficking, assault on servant

New York police have arrested a Bangladesh diplomat on charges of forcing his servant to work for his family in Queens without pay and assaulting him on several occasions. Prosecutors say Bangladesh’s Deputy Consul General in New York Shahedul Islam, 45, was arraigned on Monday on grand larceny, assault, labour trafficking and other charges. Bail was set at $50,000 bond ...

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Terror attack: Bangladesh stands in solidarity with Britain

Prime Minister Sheikh Hasina has condemned the London terror attack, expressing Bangladesh’s solidarity with the British people. Three attackers drove a van into pedestrians on London Bridge before stabbing revellers nearby on Saturday night, killing at least seven people in what Britain said was the work of Islamist militants engaged in a “new trend” of terrorism. At least 48 people ...

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Talk over tax hike on bank accounts ‘useless’, says Muhith

It really is nothing new – this is the finance minister’s response to critiques who want him to roll back a planned hike of excise duty on bank accounts.  “This is useless talk. This is nothing new. We just raised the limit and a bit of the rate too,” said AMA Muhith in reply to questions posed by reporters during ...

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JS passes supplementary budget of 2016-17

The Jatiya Sangsad on Tuesday passed the supplementary budget of Tk 18370 crore for the fiscal year 2016-17 to meet the increased expenditures under 26 ministries and divisions. Finance minister AMA Muhith placed the supplementary budget in the House on June 1 along with the national budget for 2017-18 fiscal year. The finance minister moved the Appropriation (Supplementary) Bill 2017 ...

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HC lightens the death sentence to life of Oishee

The High Court on Monday lightened the death sentence of Oishee Rahman to life term imprisonment in the case filed over the killing of her parents in 2013. The HC bench of Justice Jahangir Hossain Selim and Md Jahangir Hossain declared the verdict at about 11:00am after hearing death reference and appeals against the trial court verdict that had convicted ...

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