Dhaka, Bangladesh (BBN) – Highlights of Tuesday’s newspapers:

The Financial Express:

— The government is likely to drop some projects, undertaken under the Indian US$1.0 billion credit, and include a few fresh ones to resolve complexities now stand in the way of their implementation, officials said Monday.

— The government has approved a proposal to modify income tax laws to bring dynamism into the capital market, report agencies.

— The government will sit with four lenders including, among others, the World Bank (WB) in Dhaka today (Tuesday) to seek their cooperation for withdrawal of “put-on-hold” decision about disbursement of funds for the US$2.9 billion Padma Bridge project, officials said Monday.

The Daily Star:

— The Anti-Corruption Commission yesterday pressed charges against BNP Chairperson Khaleda Zia and three others, accusing them of abusing power in collusion with each other for setting up a charitable trust named after late president Ziaur Rahman.

— The UK wants to see free and fair next general elections in Bangladesh with credible results, its Minister for International Development Andrew Mitchell said yesterday.

— The International Monetary Fund (IMF) has recommended increasing repo and reverse repo rates by 200 basis points by March to tighten Bangladesh’s monetary policy, a finance ministry official said.

The New Age:

–The massive fall in share prices on the Dhaka Stock Exchange on Monday triggered fresh street demonstrations by the aggrieved investors in demand of a clear government policy for stabilising the capital market.

— Ghulam Azam would brought back to Dhaka Central Jail after Bangabandhu Sheikh Mujib Medical University Hospital discharges him, the inspector general of prisons said on Monday.

— The commercial banks and non-bank financial institutions might have to cut their annual loan disbursements to small and medium enterprises in 2012 due to severe liquidity crisis and heavy government borrowings from the banking system.

BBN/SRR/AD-17Jan12-10:11 am (BST)