Tag: Bangladesh Bank

After 30 years of autocracy’s demise, democracy still remains a distant dream

Post author By Infohub BD
Post date September 15, 2020
No Comments on After 30 years of autocracy’s demise, democracy still remains a distant dream

To the question, “how democracy is faring in Bangladesh”, a ruling party’s answer has always been “we are a global example” and that of the opposition “we are the pits”. Since we have had the same ruling party in power for the last 12 years at a stretch, the narrative of democracy’s success has been unrelenting, and whatever little voice the real opposition has been allowed, “we are the pits” story continues.

But what say “WE, the PEOPLE”? Well, to the extent we are allowed to or safely can.

One method of gauging democracy’s health would be to look at the institutions that embody it in a country like Bangladesh: the judiciary, the legislative and the executive branches of the state.

Tags Bangladesh, Bangladesh Bank, Bangladesh News 24, Bangladesh newspapers, Banglanews24.com, infoHub, Infohub BD, infohubbd, International, National

National

Waterlogging in Dhaka: Collective failure made it perennial

Post author By Infohub BD
Post date August 29, 2020
No Comments on Waterlogging in Dhaka: Collective failure made it perennial

The desire expressed by the two Dhaka city mayors to take over the responsibility of drainage management from Dhaka Wasa in a bid to end the capital’s perennial waterlogging problem has widely been regarded as a popular idea.

But experts said just changing the custodian without addressing the core issues that have failed Wasa — such as the absence of total authority of one particular body and lack of coordination with six other organisations — might also fail the two city corporations.

The idea of handing over the drainage management to city corporations came to light last month when the two mayors — Dhaka South’s Shekih Fazle Noor Taposh and Dhaka North’s Atiqul Islam — said theywished to take over the job.

Tags Bangladesh, Bangladesh Bank, Bangladesh News 24, Bangladesh newspapers, Banglanews24.com, Corona virus in Bangladesh, infoHub, Infohub BD, infohubbd, inspiration, International, National, Waterlogging

Business

BB to probe Evaly financial transactions, e-commerce activities

Post author By Infohub BD
Post date August 29, 2020
No Comments on BB to probe Evaly financial transactions, e-commerce activities

Bangladesh Bank will investigate the financial transactions and other e-commerce activities of e-commerce platform Evaly.

Head of the Bangladesh Financial Intelligence Unit (BFIU) Abu Hena Razee Hasan informed reporters about BB’s move. He said the bank accounts of Evaly and its top executives were frozen after seeing media reports about the e-commerce firm’s “illegal activities”.

The BFIU, an arm of the Bangladesh Bank, directed all commercial banks and financial institutions through a common letter on August 27 to freeze all bank accounts operated by top executives of Evaly, reports UNB.

A copy the BFIU letter, signed by its deputy director Fuara Khatun, obtained by UNB, shows that it has asked all banks and financial institutions to freeze accounts of Evaly’s Chairman Shamima Nasrin, and Managing Director (MD) Md Rasel.

Tags Bangladesh Bank, Bangladesh newspapers, Business, e-commerce, Evally, Evaly, infoHub, Infohub BD, infohubbd, International

Business

BB announces credit guarantee scheme for small enterprises

Post author By Infohub BD
Post date July 25, 2020
No Comments on BB announces credit guarantee scheme for small enterprises

The central bank yesterday decided to introduce a credit guarantee scheme for the micro and small enterprises, the first of its kind in the country, giving a much-needed lifeline to the SME sector struggling to stay afloat.

The board of the Bangladesh Bank approved the scheme worth Tk 2,000 crore for the entrepreneurs in the cottage,………

Tags Bangladesh, Bangladesh Bank, Bangladesh newspapers, Business, International, National