Policy on loan rescheduling relaxed for 6 months

The central bank has relaxed the loan rescheduling policy on a limited scale for the next six months to facilitate financing for the businesses, affected by the ongoing political unrest. Under the relaxations, the Bangladesh Bank (BB) has allowed banks to reschedule loans by fixing their down payment and time limit for repayment on the basis of banker-customer relationship. bbThe commercial banks have also been empowered to restructure their unclassified loans through re-fixing repayment schedule at a reaso...

India to import electricity from Nepal

India has requested Nepal to reduce its trade deficit by exporting electricity to New Delhi. During his meeting with top officials of the Himalayan country in Kathmandu on Sunday, Indian New and Renewable Energy Minister Farooq Abdullah said that it would be the ideal way for the hydropower-rich country to reduce trade deficit. According to Abdullah, it will be a “win-win situation” for the two South Asian neighbours because the proposed deal will not only help Kathmandu utilise its hydropower potential, but also help India meet the growing demand for electricity. India-Nepal

Solar energy innovation lights up Bangladesh slum

For years Anowara Begum fretted about how frequent power outages in her tiny shack in the Baonia-Badh slum in Dhaka’s Mirpur suburb, interrupted her daily embroidery work, depriving her of crucial income that supports her two children and husband. “It really hampered my work as I could not see properly the needle and thread due to the darkness,” Begum, 41, told Khabar South Asia, adding, “even my children could not do their homework in the evening”. But things have improved ever since CHANGE, a Dhaka-based non-government organisation (NGO), installed botol bati (liter of light) at her home in April. “Now, we get ample light through the solar-powered bottle of light,” she said. [caption id="attachment_2112" align="alignle...

Garlic hits market soaring Tk 25 per kg

The local garlic’s price increased by Tk 25 per kilogram, while the imported one up by Tk10 in the wholesale markets just in past two days. The garlic traders held the import from India due to the increase of the price. Moreover, the blockade movement effected by the 18-party alliance added the contribution. garlicLocal garlic was found selling at Tk90 to100 per kg on Monday, while the China one selling at Tk80 to 85 in retail markets. Five days ago, the local one was sold at Tk 60 in the wholesal...

NRBCB opens branch at Hemayetpur, Savar

The 7th branch of NRBCB (NRB Commercial Bank Ltd) was inaugurated at Hemayetpur, an important Garments and Leather Industrial area in Savar. Hemayetpur BrEngr Farasath Ali,Chairman of the bank and MA Jalil Ananta ,Chairman and Managing Director AJI Group of Industries jointly inaugurated the branch on Monday. The inaugural ceremony was attended among others by the Managing Direc...

VCs from Bangladesh including SEU visit India

A delegation from Bangladesh consisting of nine Vice Chancellors, four from public and five from private universities went on a historical goodwill tour in India from 14th to 19th December this year. Under the Ministry of External Affairs (Public Diplomacy Division), the High Commission of India arranged the program as part of its efforts to further promote educational linkages at the University level between Bangladesh and India, says a press release. VC- from India-2 ...