Dhaka, Bangladesh (BBN)– The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
New Delhi seeks extension on trade agreement for 5 years
New Delhi has proposed Dhaka renew the existing Indo-Bangla bilateral trade agreement for five years keeping the contents in the deal unchanged, a senior trade official in the commerce ministry said. The tenure of the agreement will expire on April 1 after it completes its three-year duration. The ministry of commerce appears hesitant to decide unilaterally on extending the duration period from the current three years to five years, additional secretary of the ministry Monoj Kumar Roy said. ‘We have sought opinions from different ministries and business bodies before making any decision on a five-year renewal period,’ Monoj told New Age on Saturday.
Dairy farmers hit by turmoil
It was simply out of hobby that Abdul Gafur, from Jhikargacha upazila of Jessore, started rearing cows in 1991. But soon, his herd of four started expanding, which is when he decided to take up farming seriously. Today, his herd size is 46 — and 22 of them are milking cows that produce more than 100 litres of milk a day.Instead of feeling grateful for such volumes of milk production, he is now losing sleep over it.
Imports up, but growth slows
The country’s overall import growth witnessed a marked fall in the first seven months of the current fiscal year (FY) due to lower payments on fuel import and the political unrest in January last. The import growth rate came down to 6.65 per cent in the July-January period of the FY 2014-15 from 13.34 per cent in the corresponding period of the previous fiscal, according to the central bank statistics.
India budget to boost investment
Indian Prime Minister Narendra Modi’s government has promised increased growth and social security spending in its first full budget. Finance Minister Arun Jaitley said India “is about to take off” and it was time for a “quantum leap” on reforms, reports BBC. He also announced the setting up of a “universal social security system” for all Indians. India will grow at a rate of more than 8% during 2015-16, a key economic report said ahead of the budget.
Businesses to go to court today over losses for unrest
The beleaguered business community is set to go to court today to seek a solution to the ongoing political violence that has been causing them damages to the tunes of hundreds of crores of taka. The lawyers will submit a writ petition to the High Court seeking a legal framework through which the businesses can seek compensation for the financial losses suffered as a result of the political parties’ demonstration programmes.
Mobile users to lose ownership if SIMs not in use for 2yrs
Mobile phone users would lose the lifetime ownership claim now they enjoy on their unused SIMs as the telecom regulator is planning to limit the claim period to two years after deactivation of the numbers. A recent draft directive, Directives on Service and Tariff 2015, of the Bangladesh Telecommunication Regulatory Commission said the mobile phone companies would be allowed, upon its permission, to resell any number if it is not in use for 730 consecutive days. A mobile number becomes automatically deactivated if it is not used for 90 consecutive days.
Curtain falls on Ekushey Book Fair with record sales
The curtain fell on the month-long Amar Ekushey Book Fair Saturday with a record of sales and new titles despite the nationwide blockade and frequent general strikes. According to the Bangla Academy, total sales of publishing houses, including the academy, reached Tk 378.5 million till February 27 which was Tk 311 million last year. Of the amount, the academy’s lone contribution was Tk 6.0 million.
BBN/SSR/AD-01Mar15-10:50 am (BST)