This month couple of news came into highlights regarding the position of Bangladesh in certain criterion in global/regional scale. First news was a positive one; Bangladesh has moved up three spots and ranked 139th in Human Development Index (HDI) 2015 due to the remarkable progress it had made in many socio-economic
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UBER COMPLETES BILLION RIDES IN SOUTH ASIA
World’s largest ridesharing company Uber recently rolled past one billionth ride the India and South Asia region. The billionth trip took place in the city where Uber took its first trip in India five years ago - Bengaluru, a press release from Uber said. Speaking about the milestone, Uber India and
MIT’S INTERESTING PROPOSAL FOR A MORE STABLE FINANCIAL SYSTEM
On the 16th of January 2018, three diamond firms approached Punjab National Bank requesting LOUs. (Letter of Understanding is a form of bank guarantee under which its customers can raise money from any other Indian bank’s foreign branch in the form of a short-term credit). Punjab National Bank demanded 100%
BIA FOR WITHDRAWAL OF 15PC VAT ON INSURANCE AGENT COMMISSION
Bangladesh Insurance Association (BIA) has demanded withdrawal of 15 per cent VAT on the insurance agent commission in the budget for fiscal year 2018-19 (FY19) for the expansion of insurance industry. “There is 15 per cent VAT at source on agent commission that has been affecting the insurance industry . .
IS IT TAXING TIME FOR ONLINE BUSINESS?
Future Information & Communication Technology in line with the Budget 2018-2019.
Finance Minister Abul Maal Abdul Muhith rolled out a Tk 4,64,573 crore national budget for fiscal year 2018-19 on Jun 7, 2018. In the context of LDC graduation after 2027 he mentioned and cited the export areas under title A Journey Towards Prosperous Future - Sectoral Strategies, Action Plans and Resource
HOW CRYPTOCURRENCIES ARE USED IN RUSSIA WORLD CUP?
Every four years the global sporting community feasts on a festival of football at the World Cup, as the world’s most popular sport takes centre stage. Football, in its current form, was birthed around 1863 in England, but its origins stem from numerous games played throughout history, according to FIFA. Over
THE BUDGET MAINTAINING THE STATUS-QUO ONLY
Banks show exemplary performance in disbursing agricultural loan
Specialized, state-owned and private commercial banks, including foreign commercial banks operating in the country, have already disbursed 88 per cent agriculture and non-farm rural credit in past 10 months from July to April 2017-18 financial year. The schedule banks have disbursed a total of Tk 17,952.89 crore till April while the
AN OPTIMAL FINANCIAL INCLUSION – AGENT BANKING
Agent Banking means providing limited scale banking and financial services to the underserved population. Agent Banking is a part of financial inclusion for both rural and urban unbanked people to ensure the access to formal finance. Bank engaged agents under a valid agency agreement, rather than a teller/ cashier. He is
