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Friday, June 22, 2018

News of: Friday, 11th of June, 2010

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Big budget, few new ideas

If anybody expected even a few innovations in budgeting this year, they must have been rather disappointed. For Finance Minister AMA Muhith yesterday presented a budget that dwells mostly on past initiatives, and wants to carry on the unfinished agenda.

Education on top of all

The government has proposed raising allocation in the education sector by 13.5 percent in the budget for the next fiscal year.

Budget banks on bank loans

The national budget proposed for the upcoming financial year, which totals Tk 132,170 crore, relies heavily on bank borrowing and revenue earnings to cover the costs.

2 years, no outage

Identifying power as the top priority sector, Finance Minister AMA Muhith yesterday reiterated the government's plans to resolve the load shedding scenario within the next two years by implementing dozens of power generation and transmission projects.

Crop insurance on the cards

The government is going to introduce “Agriculture Insurance” system to assist small and medium farmers in case of their crop failure due to natural disasters.

A shake-up in VAT

The government has proposed a VAT exemption for maize, travel agencies, manpower exporters and plastic and rubber sandals.

Tax on tobacco export

With tobacco, the government has for the first time imposed tariff on any export item.

Growth, investment targets ambitious

Economists think the proposed budget for fiscal year 2010-11 set ambitious growth and investment targets. On other fronts they said there is nothing new, rather an extension of the outgoing budget.

Social safety net schemes retained

The national budget for 2010-11 seeks to retain thrust on the social safety net although allocation has reduced by 0.4-percentage point to 14.8 percent of the total outlay.

Hard to implement

BNP General Secretary Khandaker Delwar Hossain termed the proposed budget for the 2010-11 fiscal highly ambitious and shrouded with ambiguity.

Green budget gets a boost

Aiming to retrieve river system, check pollution and protect biodiversity the government has set green targets to improve the country's overall environment.

Up and down

The budget for the coming fiscal year proposes zero duty on energy-saving lights and accessories.

No relief for middle class

The traffic jam was terrible. Abidur Rahim thought the budget speech would be over by the time he reached home.

Move to reduce taxpayers' hassle

Introduction of a web-based tax calculator, tax card, spot assessment of small taxpayers and e-linkage between TIN management and National ID project's data base are the main features of income tax related proposals in yesterday's budget speech.

Free import to make essentials affordable

The government yesterday proposed continuation of zero-tariff on the imports of various essential commodities to keep prices within the reach of the majority of people.

Communications score low

Admitting that hardly any notable development was made in the country's rail or waterways over the past year, the finance minister yesterday insisted on a well-balanced improvement of the communication sector under an integrated policy.

Target major purchase

The government has proposed a Tk 1,512 crore increase in defence expenditure to finance some major purchases needed to modernise the armed forces.

Infrastructure new destination

The government yesterday proposed to allow money whitening in infrastructure fund with payment of 10 percent flat tax by investment to the Bangladesh Infrastructure Finance Fund (BIFF).

Cars of middle class range to get costlier

Buyers might have to pay more for cars from 1001cc to 1500cc as import duty on cars in that range has been upped from 30 to 45 percent in the proposed budget.

Large-sized budget raises question of implementation

The proposed large-sized budget for the next fiscal, with 20 percent growth in the overall outlay and 35 percent in development spending, immediately raises a question regarding the government's implementation capability. What factors have dictated such a large increase in the projected budgetary spending? Boosting public spending may be thought to be one way of helping the economy recover from its current slowdown. Besides, the allocations for politically-mandated projects as well as for the safety-net programmes for the poor may also have contributed to the bloating of the ADP. Revenue expenditure is also projected to rise significantly to meet the costs of increased salaries, agricultural and fuel subsidies, and debt servicing. On the revenue side, the Finance Minister may have gone for optimistic projections encouraged by the fact that the revenue target in the current fiscal has been achieved in spite of stagnation in import trade.

Lost Hopes

* Dist level budget

New Hopes

* Tax card for highest taxpayers

Risk reduction still ignored

Although the disaster management experts called specific allocations for risk reduction programmes, the proposed national budget proposes much of its allocations in this regard for the post-disaster management.

PPP given fresh Tk 3,000cr fund

The government proposed to inject Tk 3,000 crore fresh fund into Public Private Partnership projects in the next fiscal year, ease the project approval process and set up a separate office that would deal with PPPs.

Battle royale begins today

South Africa brimmed with pride and anticipation Thursday on the eve of the first World Cup on African soil as the nation's icon Nelson Mandela said the tournament would bridge racial divides.

Amar Desh shutdown order stayed

The High Court yesterday stayed for three months the government order closing Bangla daily Amar Desh.

More welfare schemes for war heroes

The government has proposed to expand welfare programmes for freedom fighters by increasing budgetary allocation and the number of beneficiaries, expressing its intent to protect them from vulnerability.

China waits for proposal from Bangladesh

China will contribute to projects related to greater connectivity, and is waiting for a concrete proposal from Bangladesh for building a deep-sea port in Chittagong.

Fire shatters Shefali's dreams

She came to Dhaka for a few days. A pleasure trip it wasn't.

HC wants list of victims in custody

The High Court yesterday directed the inspector general (prisons) to submit to it by July 12 a list of women who are now in different types of custody across the country as victims of rape, abduction, acid throwing and any other criminal activity.

13 present, ex-officials get bail

The High Court (HC) yesterday granted anticipatory bail for four months to 13 present and former government high officials in a sedition case.

North Korea seeks to soothe China over border shootings

North Korea has told China it will punish those responsible for shooting dead three Chinese nationals near the two countries' border last week, and vowed to prevent any repeat, Chinese state media said yesterday.

India to loosen divorce laws as society changes

Marriage is the central focus of most Indian lives, but the government yesterday took steps to make divorce easier as nuptial breakdown becomes more common.


Proposed national budget

As a first impression on the budget for fiscal 2010-11 placed in parliament by finance minister AMA Muhith, we have the following words to say in broad outlines. Firstly, the budget has singled out power and energy as the thrust sector and has accordingly increased allocation for it. However, to expedite the pace of power generation, the present stress on the establishment of rental power plants implies that the government's subsidy on it will have to be increased to keep power within the purchasing capacity of the consumers. The finance minister, however, justified this step in the greater interest of the economy. At the same time, the policy to diversify the source of power through reducing dependency on gas and switching to power plants based on coal, furnace oil and even nuclear energy promises good dividends in the future in terms of enhancing generation capacity as well as broadening the base for energy security provided the government spells out its policies on coal, nuclear and renewable sources of energy in clearer terms.

World Cup fever

The 19th World Cup gets underway today in South Africa, and it is safe to say that pretty much everything else will take a back seat to the tournament for the next month. The World Cup is the planet-wide phenomenon that people of all nations look forward to and await with eager anticipation every four years.


Reputation at stake

Former champions France go into their opening World Cup game against Uruguay in Cape Town on Friday battling a salvo of criticism, with nothing but victory enough to satisfy the sceptics.

Biggest star of 'em all

South Africa's legendary trumpeter Hugh Masekela will jazz up the World Cup opening ceremony with American R-and-B star R Kelly, but all eyes will be on the stands for a glimpse of Nelson Mandela.

Jerseys made of recycled bottles

Nine teams competing in the World Cup will be wearing environmentally friendly jerseys made from recycled plastic bottles when the tournament kicks off in South Africa today.

Nepalese want rain

Football fans in Nepal are praying for a good monsoon to ease a crippling national power shortage that threatens to prevent them watching World Cup matches.

Viera backs Les Blues

French World Cup winner Patrick Vieira on Thursday predicted troubled France could spring a surprise in South Africa, saying the pressure on the squad would bring them together.

Shakib lays blame on middle-order

Shakib Al Hasan blamed the Tigers' inexperience and constant chopping and changing for their recent uninspiring performances in the longer-version of the game.

Who will shine brighter?

They are widely acknowledged as the best players in the world. But who will shine brighter at this year's World Cup finals -- Argentina's footballer-of-the-year Lionel Messi or previous accolade winner Cristiano Ronaldo?

Sanath, Ajantha dropped

Sri Lanka's new cricket selection panel on Thursday left veteran batsman Sanath Jayasuriya out of the 15-man squad for next week's Asia Cup.

Lara, Ganguly to star for MCC

Sourav Ganguly will captain Marylebone Cricket Club (MCC) in a side featuring cricket great Brian Lara when they face the touring Pakistanis in a Twenty20 fixture at Lord's on June 27.

No feed from South to North

South Korea will not provide North Korea with TV coverage of the World Cup, as tensions over the sinking of one of Seoul's warships continue to simmer, a television station confirmed Thursday.

Lio not sole recipe for success

A brilliant World Cup for Lionel Messi would be good for Argentina's chances of victory although it is preferable to rely on the team and not one man however great, according to defender Gabriel Heinze.

The Daily Star-Rangs Toshiba WC Quiz

Draw of the second-round of The Daily StarRangs Toshiba World Cup quiz will be held today at the Muslim Institute Hall in the port city.

Blatter's call for ending racism

FIFA president Sepp Blatter called for an end to racism and discrimination in football on the eve of the first World Cup finals to be held in Africa at FIFA's 60th annual Congress on Thursday.

Queen's Baton Relay on June 22

The Queen's Baton Relay ahead of upcoming 19th Commonwealth Games in New Delhi will be held in the capital on June 22 and some fifty prominent athletes of the country will carry the torch on the day.

D-day arrives for hosts

D-day has arrived for World Cup hosts South Africa, who hope months of intense preparation can be translated into victory over Mexico on Friday in the opening 2010 World Cup match.

Refs' English course!

The Brazilian match officials who will take charge of England's World Cup opener against the United States say they have taken a crash course in English so they can punish players who may verbally abuse them.

'SA needed World Cup'

South Africa president Jacob Zuma said Wednesday that his country "needed the World Cup", which gets underway on Friday, adding "it was a vote of confidence from the international community".

Zangalewa's new lease of life

The Cameroonian band Zangalewa has gained a new lease of life after years in obscurity now that one of its old hits has inspired "Waka Waka", the official song of the World Cup, performed by Shakira.

Party mood robbed

South Africans danced and blew horns for their beloved national team on Wednesday but a robbery by gunmen at a media hotel dampened the World Cup party mood.

Frei suffers ankle injury

Switzerland skipper Alex Frei suffered a right ankle injury on Wednesday which left coach Ottmar Hitzfeld praying that the problem would not be World Cup-ending ligament damage.

WC's most isolated fans!

Die-hard Australian football fans will tune into the World Cup from one of the harshest locations on the planet -- the icy wastes of Antarctica.

Enter the new Brazil

Brazil coach Dunga may believe substance rather than a slavish devotion to style can deliver the World Cup, but his 1994 title-winning teammate Branco worries about the team's cutting edge in South Africa.

Cohesion is key: Heinze

A brilliant World Cup for Lionel Messi would be good for Argentina's chances of victory although it is preferable to rely on the team and not one man however great, according to defender Gabriel Heinze.

Asia bit by the bug

World Cup fever is sweeping across Asia as hundreds of millions of fans in the football-mad region count down to the start of an event that's a surefire winner for pubs, clubs and bookmakers.

Age just a number

A pumped-up Marcello Lippi rejected accusations Italy were too long in the tooth after old timer Mauro Camoranesi gave the world champions a boost in their first South Africa training session

Australian sets freestyle record

An Australian professional football trickster set a world record for most "around the worlds" in a minute on Thursday in a fundraising event aiming to tap into the World Cup fever sweeping the nation.

Adriano signs with Roma

Around 5,000 fans turned up at a Rome stadium to greet new AS Roma signing Adriano as he returned to the Serie A.

World Cup One Twos

"I want to show the country that I can play as well for Argentina as I do for Barcelona" said Leo Messi ahead of his country's first match in Group B against Nigeria.

Local Snippets

Sunrise SC came from behind to play out a 1-1 draw against Mohakhali XI in the Senior Division Football League at the Bir Shreshtha Shaheed Mostafa Kamal Stadium yesterday.


Budget industry-friendly

Chamber leaders and business-people have termed the proposed budget for fiscal 2010-11 as industry-friendly, but they said the biggest challenge remains in its implementation.

Share tax on institutions

The government has proposed, for the first time, a 10 percent tax on institutions that profit from share trade.

Funds set aside for SMEs

The government has set aside Tk 23,995 crore to give out as loans to the small and medium enterprises (SMEs) and a fixed value added tax (VAT) rate for the small industries in the proposed national budget for fiscal 2010-11 announced yesterday.

Govt eyes TCB upgrade

The government intends to transform the Trading Corporation of Bangladesh (TCB) into an efficient and effective institution to keep the prices of foods within the reach, Finance Minister AMA Muhith said.

Muhith offers Tk 2,000cr stimulus this time

Finance Minister AMA Muhith yesterday proposed an allocation of Tk 2,000 crore for stimulus package to face any bad impact in external trade in the fiscal 2010-11.

Muhith pledges overhaul of Companies Act

The government has pledged to restructure the Companies Act as part of the financial sector reforms, a prerequisite to economic development.

Allocation for expatriates ministry gets 60pc more

Allocation for the expatriates' welfare ministry in the proposed budget for the new fiscal year rose by 60 percent to Tk 224 crore from Tk 140 crore of current fiscal year.

Malaysia unveils new development plan

Malaysia yesterday unveiled a 69-billion-dollar plan intended to spur growth and attract much-needed foreign investment as it faces increasing competition from regional neighbours.

Regulatory body for insurers on cards

The government will set up an insurance development and regulatory authority.

Delhi defers decision on big state company sales

The cabinet on Thursday deferred a decision to approve stake sales in state-run miners Coal India and Hindustan Copper(HCPR.BO: Quote, Profile, Research) that between them could be worth up to $3.7 billion.

Wall Street jumps

Stocks rose sharply on Thursday, with the Dow and S&P up more than 2 percent, as confirmation of strong China export data eased recovery concerns and helped spur a climb in the euro.

Flats to get costlier

Real estate prices are likely to go up in the next fiscal year, as the finance minister yesterday proposed to increase tax on developers, to be paid at the time of registration of apartments and buildings.

A step towards Digital Bangladesh

In a tech-based atmosphere in parliament, the finance minister yesterday said an online VAT registration system will be introduced under the government's vision to build a Digital Bangladesh by 2021.

Aim remains the same

There is no strategic shift in the budget for 2010-11 as the overall objective of the government remains the same, that is, acceleration of growth, creation of employment, faster reduction of poverty, reduction of all types of inequality and establishment of society based on social justice. Various macroeconomic and social targets have been reiterated in line with the manifesto of the ruling government. On the expenditures and income front, there is not much change as well. For example, total expenditure as percentage of GDP (gross domestic product) has not changed much. This also holds for annual development programme (ADP).


The company has credited the stock dividend for 2009 to the respective shareholders' BO accounts on Wednesday.

Oil rises in Asia on US outlook

Oil prices reversed earlier losses in Asian trade yesterday after rallying in New York on expectations of better demand, spurred by an upbeat outlook on the US economy, analysts said.

Australia hedge fund sues Goldman over 'shaky' products

The manager of an Australian hedge fund is suing US investment bank Goldman Sachs for more than a billion US dollars over a product it claims made it bankrupt, a lawyer said Thursday.

China trade surplus soars in May on export boom

China said Thursday its trade surplus soared in May on strong foreign demand for Chinese-made products, which analysts said could increase pressure on Beijing to let its currency strengthen.

Trans-Pacific trade talks set to resume, says US envoy

Negotiations resume next week on a trans-Pacific trade deal to better integrate small and medium-sized businesses into the global economy, the deputy US trade representative said Thursday.


Today's issue of IT & Telecom page has been dropped due to budget coverage. It will come out on Sunday.


Foreign office to get global proper

The government has taken steps to restructure foreign ministry to enable it to face the challenges of 21st century's global diplomacy, Finance Minister AMA Muhith said.

Chemical warehouse sealed off

A mobile court sealed off a chemical warehouse at Majed Sardar Road near Nimtoli in the city yesterday.

Row over removal of acting principal

Drama and tension marked yesterday's events at Viqarunnisa Noon School and College over appointment of a new acting principal by removing incumbent Rokeya Akter Begum.

BNP blames PM for violating electoral rule

Chittagong city BNP President Amir Khasru Mahmud Chowdhury brought allegations of violation of electoral code of conduct against Prime Minister Sheikha Hasina.

Implement Ruppur Nuke Power Plant

Prime Minister Sheikh Hasina urged the Russian government to take immediate steps to implement the Ruppur Nuclear Power Plant Project (RNPP) as soon as possible.

'Unite to ensure war crimes trial'

Major General (Retd) Helal Morshed Khan said the Freedom Fighters (FFs) should remain united for ensuring trial of the war criminals and building a digital Bangladesh as envisioned by Prime Minister Sheikh Hasina.

Call for mainstreaming aboriginals in society

Speakers at a discussion here on Wednesday underlined the need for a concerted effort to bring the aboriginal people to the mainstream of society for their substantial welfare.

Asia Society award for Shirin Sharmin

Asia Society awarded State Minister of Women and Children Affairs Dr Shirin Sharmin Chaudhury in recognition of her role as a leader in advocating the elimination of violence against women and mainstreaming women's empowerment and employment in Bangladesh.

Walls of tilted building demolished

Rajdhani Unnayan Kartripakkha (Rajuk) yesterday demolished partition walls of the five-storey building that was identified to have tilted Saturday at east Nakhalpara in the city.

US-Bangladesh jt exercise begins tomorrow

US-Bangladesh joint exercise code named “Ex Pac-Angel 10-3” will start at Manirampur in Jessore tomorrow.

Reunion held

The Alumni Association of the old students of 1969 batch of the University held its reunion programme at the TSC auditorium yesterday.

Tk 83.84 cr for police force

The police department would receive an allocation of Tk 83.84 crore as per the proposed budget for 2010-11 placed in parliament yesterday.

HC orders status quo on all kinds of transaction

The High Court today directed The Bangladesh Observer's publishing organisation Al-Helal Printing and Publishers Ltd to maintain status quo on all kinds of transaction on all moveable and immovable properties including bank accounts, investment and securities.

Govt has not meddled with media: Muhith

Finance Minister Abul Maal Abdul Muhith said the government has not meddled with the maseerence, he said while delivering his budget speech in parliament yesterday.

HC extends its order for 3 months

The High Court (HC) yesterday extended for three months its earlier order for the third time that stayed the government notice asking BNP Chairperson Khaleda Zia to leave her cantonment house.

Amar Desh publisher gets bail

A Dhaka court yesterday granted bail to publisher Hasmat Ali Hashu of the recently closed daily Amar Desh in a defamation case filed against him for publishing a report terming the family members of State Minister for Law Advocate Qamrul Islam 'razakars'.

Health sector gets Tk 8,129cr

With a view to ensuring quality healthcare for all, the government has proposed to allocate a total of Tk Tk 8,129 crore for the health and family welfare ministry.

HC asks dy HC to take steps by July 15

The High Court (HC) yesterday directed the deputy high commissioner of Bangladesh to India to take steps by July 15 to bring back the Bangladeshis who have been languishing in Bohorampur and Shiliguri jails in India after expiry of their sentences.


Jalalabad gas company CBA chief murdered

Criminals killed president of ruling Awami League backed CBA of Jalalabad Gas Transmission and Distribution Company Ltd Md Abu Taher when he along with a colleague was going to his office in the city yesterday morning.

Clashes over land dispute, cattle market leave 55 hurt

Clashes over capture of a disputed land and a cattle market in Netrakona and Lalmonirhat districts yesterday and on Wednesday night left at least 55 people injured.

13 rescued while being trafficked to India

Members of Bangladesh Rifles (BDR) rescued 13 people while they were being trafficked to India through Shirkarpur border, Benapole, yesterday.

Death toll rises to 16

With recovery of one more body yesterday, the death toll from Tuesday's boat capsize the Shoilchapra haor in Dharmapasha upazila of Sunamganj district rose to 16.

Insane mother kills her 3 children, attempts suicide

A deranged mother strangled her three children to death and attempted suicide at Khudrakati village of the district yesterday.

5 arms, extortion cases dropped as 'political' ones in Khagrachhari

Five arms and extortion cases were dropped in the name of political cases in hill district Khagrachhari.

Arrest warrant against ex-Sylhet DC, 5 others for skipping court as PWs

A Sylhet court yesterday issued warrant against a former deputy commissioner and five others as they failed to appear before the court even on repeated notices to give evidence in the explosives case filed after the arrest of outlawed JMB chief Shaikh Abdur Rahman four years ago.

Buddha statue stolen

A statue of Goutam Buddha was stolen from Buddha Bihar at Biakhara village under Thakurgaon Sadar upazila early yesterday. Police and locals said criminals took away the statue weighing about 250Kg by breaking grill of a window of the Buddha Bihar. Laxmi Narayan Urao, president of Thakurgaon Buddha Bihar Samity, lodged a complaint with Sadar Police Station yesterday noon. Officer-in Charge Feroz Khan said police is conducting drive at different places at the village and its adjacent areas to recover the statue.

Two injured in BSF firing

Two cattle traders were injured as Indian Border Security Force (BSF) opened fire on them at Masudpur frontier under Shibganj upazila of Chapainawabganj district Wednesday night. The injured are Sohel, 28, and Tofazzal, 40 of Tarapur village under Monakasha union of the Shibgonj upazila. BDR and local sources said the Indian border guards opened fire on the cattle traders when they reached near pillar no 4 at around 11:00pm, leaving Sohel and Tofazzal injured. They are now undergoing treatment at Rajshahi Medical College Hospital (RMCH). BDR sent a protest note to its Indian counterpart yesterday morning, said major Nazrul Islam, operation officer of 39 Rifles Battalion.

Revolver, bullet recovered

Members of the Rapid Action Battalion (Rab) recovered a foreign made revolver and a bullet from Hugalbaria area in Natore on Wednesday night. A patrol team of Rab-5 saw three youths drop a bag beside the road near Hugalbaria area in Natore town at around 10:30pm while fleeing by a motorbike. Rab men recovered the bag and found a revolver and a bullet in it. They later handed over the revolver to Natore Police Station.

Tiger kills fisherman

Body of a fisherman, killed by a Royal Bengal Tiger on Kalirkhali Canal near Badurtali area in the Sundarbans on June 9, was recovered yesterday. The victim was identified as Saiful Islam Gazi, 22, son of Rafi Uddin Gazi of Datnekhali village under Shyamnagar upazila. Police quoted local people as saying that Saiful his father went to the Sundarbans, taking pass from Burigoalini Forest Office on June 7. While they were catching fish in the Kalirkhali canal on June 9, a tiger swooped on Saiful at around 2:00pm and dragged him into the deep forest. Local people recovered the body from the deep forest at about 9:00am yesterday.

Urea production suspended

Production at Ashuganj Urea Fertiliser Factory came to a halt at 8:00am on Wednesday due to mechanical fault at the ammonia plant. Factory authorities said repair works are going on and it will take four to five days to resume production. Sources said the factory incurs production loss of 1400 tonnes urea worth about Tk 1.50 crore per day.


Defiant Iran rejects sanctions, could revise ties with IAEA

Iran remained defiant yesterday in rejecting UN sanctions over its uranium enrichment and said it could review ties with the UN atomic body, as world powers stressed the door was still open for dialogue.

North Korea seeks to soothe China over border shootings

North Korea has told China it will punish those responsible for shooting dead three Chinese nationals near the two countries' border last week, and vowed to prevent any repeat, Chinese state media said yesterday.

India to loosen divorce laws as society changes

Marriage is the central focus of most Indian lives, but the government yesterday took steps to make divorce easier as nuptial breakdown becomes more common.

Suicide bomber kills 40 at Afghan wedding party

A suicide bomb ripped through a wedding party for a family with ties to police in the Taliban's heartland in Afghanistan, killing at least 40 people and wounding dozens more, officials said yesterday.

British PM visits Afghanistan, rules out more troops

British Prime Minister David Cameron yesterday made his first official visit to Afghanistan, ruling out the prospect of sending extra forces and calling for quicker progress to bring troops home.

Nato 'to go slower than planned' in Kandahar

The top Nato commander in Afghanistan says a military operation to drive militants out of Kandahar will move at a slower pace than planned.

Bank tax to rear its head at G20 summit: Kouchner

A controversial global bank tax that has split G20 nations will be brought up at the next meeting of the world's leading economies, French Foreign Minister Bernard Kouchner said Wednesday.

Arts & Entertainment

Football fever

Humayun Faridee

Celebrating Life concert at Shahjalal University

Over a thousand enthusiastic students and others on Wednesday evening thronged the central Auditorium of the Shahjalal University of Science & Technology (SUST) to enjoy a daylong photography exhibition and cultural programme titled 'Celebrating Life.'

Theatre troupe Natyabed makes its debut with “Mon Paboner Nao”

Natyabed, a new theatre group, staged its first production “Mon Paboner Nao” on June 9 at the Studio Theatre Hall, Bangladesh Shilpakala Academy. Dipak Roy is the director of the play -- an adaptation of Bibhash Chakrobarty's “Madhob Malancho Koinna.”


Easy money and Black Swans

I am surprised that more people don't bet on the World Cup. If you'll excuse me mixing my sporting metaphors, it's a slam dunk. The trick is to not bet just on your favourite team or even the team you think has the best chance of winning, but to bet on a selection of teams to win.

When government stands with people

THE honourable prime minister has done an honourable thing. It was because of her large-hearted generosity that three wretched girls of Nimtoli got married at her official residence last Wednesday. The wedding pictures may have struck as anticlimactic, yet it was good to see those girls were treated so well after they had suffered an enormous tragedy.

Getting the number right

LAST night's budget is predicated on the real economy growing by 6.7 per cent in the financial year 2010-11 (FY11). Is this macro-economic outlook too optimistic? What do international agencies such as the ADB or the IMF forecast? Whose forecasts are on average more accurate? How would we know about the outcome anyway? How reliable are the GDP estimates published by the Bangladesh Bureau of Statistics?

BJP needs to convert the modern Hindu woman

THE BJP seems caught in a bit of bind. It is beginning to look like the punter who lost a flutter on the football match and then a fortune on the action replay. Its original mistake was a misconception; its contemporary error is a misperception.

Deafening silence

THE cowardly pre-dawn attack on defenceless and unarmed civilians on the Freedom Flotilla by Israeli commandos on international waters will shock even the least sensitive amongst us.

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