Dhaka, Bangladesh (BBN) - Highlights of Tuesday’s newspapers:
The Financial Express:
-- The International Monetary Fund (IMF) Monday cautioned that the increased government borrowing from the banking system would fuel further the inflationary pressures in future.
-- The much-awaited stock market 'bail-out' package is likely to include, among others, reduction or waiver of tax on the income of institutional and foreign investors' investment in the secondary market, sources said.
-- The country's inflation as measured by consumers' price index (CPI) increased slightly further in the month of October on annual average basis, but declined point-to-point, officials said Monday.
The Daily Star:
-- Farmers across the country are going to face a tough time in the coming Boro season from December to May due to repeated increases of diesel price, a possible hike in power tariff and low prices of rice, potato and jute that have already caused them losses this year.
-- The National Board of Revenue (NBR) yesterday asked people to invest black money in stocks without fear, in an effort to boost the crisis-ridden capital market. If anybody invests undisclosed money in stocks, the NBR will not raise any question about the source of the funds, an NBR official said, referring to a circular.
-- Dhaka Stock Exchange yesterday proposed that sponsors of all the listed companies will have to hold at least a combined 30 percent stake in those companies all the time.
The New Age:
-- People from all walks of life, including politicians and environmental activists, in Sylhet have expressed grave concern over the Indian government’s move to construct the controversial Tipaimukh Dam on the River Barak which feeds the rivers Surma and Kushiyara.
-- Apparel makers of the country see a good prospect of boosting their exports to Russia as it is set to join the World Trade Organisation in December.
-- Dhaka stocks sustained its gaining streak for the fourth straight day on Monday amid a high volatility in trading as some of the investors became sceptical following the delay in announcing the stimulus package by the government.
BBN/SSR/AD-22Nov11-10:23 am (BST)