Volume 4 Number 17 Fri. June 13, 2003    
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Today's Index
Front Pagearrow Engine revs on high pitch
Pinning hopes on high-pitched industrial activities, robust agriculture and a wide cast of tax net, Finance Minister M Saifur Rahman yesterday went on a high gear while proposing the budget for the fiscal
 arrow Deficit bloats and so do foreign loans
Projecting a growth of 5.5 per cent for the next fiscal, Finance Minister M Saifur Rahman yesterday proposed a Tk 51,980 crore budget, 18.4 per cent higher than this fiscal's revised figure.
 arrow Professionals' tax return now mandatory
Drastic tax reform measures have been proposed in the new budget on the issue of self-assessment and tax returns by all business establishments and professionals.
 arrow Budget balanced on commoners' back
Former finance minister Shah AMS Kibria yesterday termed the proposed budget for the 2003-04 fiscal 'a document of the government's failure' and said it would leave a negative impact on the economy and
 arrow Middle class far out of comfort zone
Think of a middle class family living beyond the comfort zone. The head of the three-member family is the sole breadwinner -- struggling every day to make ends meet.
 arrow Tax breaks for RMG, textile
The finance minister yesterday proposed to reduce the corporate rate of income tax for readymade garments industries from 30 per cent to 10 per cent for the period up to June 30, 2006.
 arrow Govt staff to get 10pc DA from July
Government employees will get 10 per cent dearness allowance (DA) from July 1 till their salaries are re-fixed on a 'rational basis'.
 arrow Mixed bag on budget
Economists and business leaders have expressed mixed reaction over the proposed budget for the 2003-04 fiscal though they said that the policy package would have little impact on reducing 'discrimination
 arrow Education accounts for less share, still highest
Budgetary allocation for education has dropped to 14 per cent in terms of sector-wise allocation in the proposed budget for the fiscal 2003-04, down from 15 per cent in the current budget.
 arrow Farm subsidy shoots up by 50pc
The government has proposed to raise agriculture subsidy by 50 per cent-- from Tk 200 crore in the last fiscal to Tk 300 crore for 2003-04.
 arrow Perks for capital market
In a bid to revitalise the capital market, the finance minister yesterday made several proposals in the budget for the 2003-04 fiscal, making dividend income tax-free and increasing the tax gap between
 arrow Stray violence marks hartal
An eight-hour hartal called by the Awami League (AL) was observed yesterday across the country peacefully, barring stray incidents of violence.
 arrow Social safety net widens
The government is to increase the monthly allowances and the number of beneficiaries under various social security programmes in fiscal 2003-2004.
 arrow Restriction on tax holiday eases
The proposed budget has relaxed restriction on tax holiday by allowing financial and commercial transactions of an industrial undertaking with its associate enterprise.
 arrow Tk 400 crore to clear govt's arrear bills
The government has allocated Tk 400 crore in the revised budget of 2002-03 to pay arrears in utility bills of different government agencies.
 arrow Defence funding up Tk 70 cr
The proposed national budget for the 2003-04 fiscal has allocated Tk 3,995 crore for the defence sector.

In the revised budget for 2002-2003, the defence expenditure was Tk 3,925 crore.

 arrow 30pc budget boost for energy
Finance Minister M Saifur Rahman yesterday proposed a 30 per cent higher budgetary allocation for energy and power in the fiscal 2003-04 than 2002-03, as the sector is considered one of the top priorities.
 arrow Doing things the BTV way
The state-owned Bangladesh Television (BTV) took reaction from people immediately after the finance minister started his budget speech in the parliament.
 arrow Remittance flows in thick
Remittance inflow during 2002-03 stood at $250 crore, 33 per cent higher than that of 2000-01 fiscal year.
 arrow SQ Chy's case transferred to metropolitan magistrate
The defamation case against The Daily Star Editor Mahfuz Anam, the Prothom Alo Editor Motiur Rahman and Awami League General Secretary Abdul Jalil was yesterday transferred to a metropolitan magistrate
Businessarrow CAB for strengthening market watch system
Consumers Association of Bangladesh (CAB) has urged the government to immediately take necessary steps to strengthen the market monitoring system.
Sportsarrow Cricket: Hardly any surprises
The national selectors yesterday named a rather predictable 15-man Bangladesh squad for the tour of Australia.
 arrow Cricket: Some solace for Windies
The West Indies salvaged some of their pride with a six-wicket victory over Sri Lanka in the rain-hit third and final one-day international here on Wednesday.
 arrow Cricket: ICC's 'money' meeting
Three Test-playing nations will seek clarification on World Cup payments when the International Cricket Council (ICC) convenes in London on June 15.
 arrow Cricket: History in the making
English cricket takes its most radical step in over 30 years when the first Twenty20 Cup match between Hampshire and Sussex takes place at the Rose Bowl on Friday.
 arrow Cricket: Younis leads Pakistan
Younis Khan's 69 was the highlight of Pakistan's 62-run victory over Northamptonshire in their one-day tour match here on Wednesday.
 arrow Tennis: Hewitt pulls through
World number one Lleyton Hewitt had to dig deep to keep alive his dream of winning a record fourth consecutive title here at Queen's Club Wednesday, holding off the determined challenge of Dutchman Raemon
 arrow Tennis: Behave yourself
Russian teenager Maria Sharapova, who is already being hailed as the new Anna Kournikova, found herself at the centre of controversy here on Wednesday when she was warned to silence her on-court screams.
 arrow Tennis: Agassi's ambition
Andre Agassi has vowed to go all out to win a second Wimbledon crown 11 years after he claimed the first of the eight Grand Slam titles he has clocked up during a 17-year career.
 arrow Tennis: A roof over Wimbledon?
Day one at Wimbledon and a huge crowd gathers at the world's most famous tennis tournament. It rains. All day. Everyone goes home.
 arrow Football: Wenger, Houllier OBE recipients
Liverpool manager Gerard Houllier and Arsenal boss Arsene Wenger have been awarded honorary OBEs.

The two Frenchmen were honoured in recognition of their outstanding contribution to British football.

 arrow Football: Brazil clip Eagles' wings
Strikers Gil and Luis Fabiano scored on their debuts to propel world champions Brazil to an easy 3-0 win over Nigeria on Wednesday ahead of the Confederation Cup later this month.
 arrow Football: Eng celebrate Owen-day!
Michael Owen celebrated his 50th appearance for England by leading from the front scoring twice in a come from behind 2-1 victory over Slovakia in their Euro 2004 qualifier on Wednesday.
 arrow Football: Libya 2010?
Saadi Kadhafi, the son of the Libyan leader, said on Wednesday that he believes that the right to host the 2010 World Cup will come down to a straight fight between the Arab nation and South Africa.
 arrow Football: Laporta confident
Barcelona presidential candidate Joan Laporta insisted Wednesday he can persuade England captain David Beckham to join the club despite the midfielder insisting he has no intention of leaving Manchester
Politicalarrow AL skips budget session
The main opposition Awami League (AL) did not join the Jatiya Sangsad session, which saw tabling of the 2003-04 budget yesterday.
 arrow AL to file defamation suit against SQ Chy
Awami League General Secretary Abdul Jalil will file a Tk 1,000 crore defamation suit against the Prime Minister's Parliamentary Affairs Advisor Salauddin Quader Chowdhury.
Metropolitanarrow Work on Tk 522cr LGED project begins in July

Implementation of the Urban Governance and Infrastructure Improvement Project under LGED begins in July at an estimated cost of Tk 522 crore, says a press release.

 arrow Small is beautiful

The bigger the better? Not for the Bangladesh Bonsai Society which held its eighth exhibition in collaboration with the Japanese Embassy at the BRAC Centre Inn, Mohakhali yesterday.

 arrow Woman kills stepdaughter
A woman allegedly killed her three-year-old stepdaughter at Sowarighat in the city yesterday in revenge for her husband's second marriage.
 arrow A jewellery trader abducted at Fatikchhari
Miscreants abducted a jewellery trader at Fatikchhari upazila of the district yesterday.
 arrow Hasina returns tomorrow
Leader of the Opposition in Parliament Sheikh Hasina will return home on June 14 at the end of her month-long stay abroad.

Hasina went to France on May 15 to attend Socialist Party conference.

Culturearrow The queen of Lalon songs
Farida's immense contribution to the world of music lies in bringing Lalon's compositions back to life from the isolated world of the Bauls.
 arrow Aamir Khan's debut in musical album
Bollywood superstar Aamir Khan now a day sports long hairs. He is playing the role of Mangal Pandey in eminent director Ketan Mehta's period film based on the 1857 Sepoy Mutiny.
 arrow Rakhalia Banshi staged at Mymensingh
The students of Muslim Girls School and College in Mymensingh town staged a dance drama titled Rakhalia Banshi at a cultural function held on the occasion of according a freshers reception programmeat
Generalarrow 98 up, 40 down
The tax and duty structure proposed for the fiscal 2003-2004 will up the prices of at least 98 items, but reduce prices of 40 others.
 arrow Capital to get 3 new bridges
Three new bridges will be constructed in the fiscal 2003-04, aimed at reducing traffic congestion in the capital, said the finance minister yesterday.
 arrow Inflation rate stands at 4.87pc
The rate of inflation stood at 4.87 per cent on the basis of economic data in the first nine months (up to March'03) of this fiscal.
 arrow Home spending up Tk 122 cr
The finance minister has proposed an allocation of Tk 1,791 crore for the home ministry in the new budget, up by Tk 122 crore compared to the original budget of the last fiscal.
 arrow TV set buyers have to pay licence fee for 3years
Buyers of new television sets will have to pay licence fees for three years while purchasing the sets.
Editorialarrow Editorial: Road-digging sores all over city anatomy
In tolerance ranking, denizens of Dhaka are sure to top the global list.
 arrow Analysing Blair
A Prime Minister's life is not a bed of roses, even when he is Tony Blair of Great Britain. Both charisma and brilliance placed him at the helm of his nation's affairs.
 arrow When a great nation has lied
Those amongst us, who are old enough to know, will know that in 1989, a US State Department official named Francis Fukuyama thought history was coming to an end.
 arrow How do we treat our minorities?
Amonth or so ago, I was in Kurigram and talking to an NGO worker.
Letters to Editorarrow SQ Chowdhury, OIC, defamation case and press freedom!
I was speechless to read the news item of SQ Chowdhury filing a defamation case against The Daily Star Editor Mahfuz Anam, Prothom Alo Editor Motiur Rahman and AL General Secretary Abdul Jalil.
 arrow "Zoo tiger in the wild!"
I would like to thank Dr. Reza Khan for his Opinion "Zoo tiger in the wild!" (June 11).
 arrow Carnage in Jerusalem
As soon as the bombs went off on Jaffa Street in Jerusalem, BBC and CNN went on overdrive; continuous video footage and commentaries flooded the TV screen, stretching the incident to a pervert spectacle
 arrow "Students or sardines?"
I read the letter from Professor Quazi Abdul Mannan of Department of Mass Communication and Journalism, University of Dhaka (June 9) with amazement.
 arrow Eid-ul-Fitr and H.S.C
I read all the letters written on the topic and enjoyed it very much. But after analysing these letters I cannot but supports Mr. Omar's view.
 arrow Trading Corporation of Bangladesh (TCB)
T.C.B was set up by Govt. of Bangladesh in 1972 for carrying out import trade which was virtually made a monopoly of the state at that time.
 arrow "Genesis of the Kashmir conflict"
Mr. Yahya's argument (Jun 10) that India was justified in annexing Kashmir on the pretext that Shaikh Abdullah supported to join India is based on half-truth.
 arrow Defence overtakes farm in subsidy
I was surprised to read the news item "Defence overtakes farm in subsidy".

Defence is not a profit making industry; you need defence for safeguarding our independence and sovereignty.

 arrow Liberation of Iraqi people!
US declared objectives to topple Saddam Hussein were to 'Liberate Iraqi people' from Saddam's iron rule; to 'disarm' Iraq of WMDs etc.
 arrow "A big irony"
I was absolutely overwhelmed to see the four column picture on your daily of Friday 6th June which read "A BIG IRONY: Members of the Federation of Ramna Workers Association carry a pro-environment banner
 arrow "Political commentators"
I am writing with reference to the letter "Political commentators," by Ferdous Islam (June 6).

Ferdous Islam's assertion that I have been hired by American media groups is absolutely false and scurrilous.

 arrow Weather report
With all the rains, floods and tropical cyclones in your country you should have a daily weather column in a prominent place in your newspaper.
Focusarrow Micro-finance in Bangladesh: Emerging policy issues
The micro-credit industry in Bangladesh has achieved a lot over the years.
 arrow The road map to peace, but nowhere to go!
The road map to peace is not a chart of a cartographer
It is not drawn on scales or lines, and neither
On projections of Lambert, Mercator or Miller.

Worldarrow Wave of violence hits ME
As a wave of new violence swept over Jerusalem and Gaza, leaving 27 people dead, President Bush urged nations to cut off funding for terrorists trying to stymie efforts to bring peace between Israelis
 arrow Pakistan epicentre of global terror: Advani
Declaring that the epicentre of international terrorism lay in Pakistan, Deputy Prime Minister L K Advani has said a strategic relationship between India and US is an "important component" to fight Jihadi
 arrow Anti-prostitution norms not met by S Asia: US
India, Bangladesh, Pakistan, Nepal and Sri Lanka do not meet minimum standards to end prostitution, child labour and other categories of trafficking in human beings but are making "significant efforts"
 arrow Republicans reject call for formal probe on WMDs
Congressional Republicans on Wednesday rejected Democratic calls for a formal investigation into intelligence on Iraq's weapons programs, contending that such a probe could harm intelligence agencies'
 arrow India divided on sending troops to Iraq
The Indian government is caught between a rock and a hard place over Washington's request to supply troops for a stabilising force in Iraq, observers said Thursday, as the issue threatened to divide the
 arrow Pop King settles suit with former advisers
A $12 million lawsuit against Michael Jackson by former financial advisers that could have revealed details of his finances has been settled, his lawyer said Wednesday.