Foreign investors hope India dials back policy shocks after Modi win

Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year, report agencies.Modi’s pro-business image and India’s youthful population have lured foreign investors, with US firms such as Amazon.com, Walmart and Mastercard committing billions of dollars in investments and ramping up hiring.India is also the biggest market by users for firms such as Facebook Inc, and its subsidiary, WhatsApp.But from around 2017, critics say, the Hindu nationalist leader took a harder, protectionist line on sectors such as e-commerce and technology, crafting some policies that appeared to aim at whipping up patriotic fervour ahead of elections.“I hope he’s now back to wooing businesses,” said Prasanto Roy, a technology policy analyst based in New Delhi, who advises global tech firms.“Global firms remain deeply con...

UK’s May delays Brexit bill, faces showdown on resignation

Increasingly isolated UK Prime Minister Theresa May backed down Thursday from plans to seek Parliament’s support for a Brexit bill already rejected by much of her Conservative Party, as expectations rose that she would cave in to demands that she resign and let a new leader try to complete the UK’s stalled withdrawal from the European Union, report agencies. Conservative lawmakers have given May until Friday to announce a departure date or face a likely leadership challenge. Sev...

Tokyo-Vegas investment chief gets 50 years in huge scheme

The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme that ra...

Eid shopping gains momentum in Rajshahi

With hardly twelve days left for the Eid- ul-Fitr, one of the biggest religious festivals of the Muslims, Rajshahi city has been caught by Eid shopping fever with modern and traditional shopping malls bustling with shoppers from all strata, reports BSS.Thousands of people are purchasing items of their own choice with huge enthusiasm despite significant rise in prices of all kinds of clothes than the last year.With attraction of eye-catching colour and design of the silk wears, large number of people irrespective of age and sex especially the adolescents are humming towards the showrooms to collect their best choice.According to the sources concerned, silk wears valued at around Taka 30- 35 crore are likely to be sold during the current Eid season.Silk fabrics, weaved and designed by local ...

PM receives treatment at NIOH

Focus now on June 2: Mashrafe

Bangladesh’s captain Mashrafe bin Mortaza has said Bangladesh team now have a good bunch of cricketers, with a nice mixture of experienced players and talented, exciting youngsters. “We have a great team mix, probably as good as we have ever had. We have some young players coming through and we are very excited about them,” said at a joint press conference in London on Thursday.Moderator Mark Chapman asked about the nine ODI series Bangladesh have won between the two World Cups, all under the stewardship of Mashrafe.“Cricket is a game that on your day you can beat anybody. If you start well, you can hang in there. We are very much confident, but it depends on starting well,” he said on stage.But on the sidelines, when talking to a few Bangladeshi journalists, Mashrafe appeared pleased with the attention that Bangladesh had gotten because of the results over the past four years. The ten captains of the World Cup 2019 teams – Virat Kohli (India), Eoin Morgan (England), Sarfraz Ahmed (Pakistan), Mashrafe Mortaza (Bangladesh), Aaron Finch (Australia), Faf du Plessis (South Africa), Dimuth Karunaratne (Sri Lanka), Kane Williamson (New Zealand), Jason Holder (West Indies) and Gulbadin Naib (Afghanistan) – gathered to address a joint press conference in London on Thursday, one week before the commencement of cricket’s showpiece event.“When we [captains] were talking among ourselves, they asked about us winning nine series since the last World Cup,” Mashrafe said after the event. “That they know about this, that our ...

Cyber violence against women

The news of frequent victimization of women in cyber space is not surprising indeed especially in a country like Bangladesh where most of the online users are amateur in computer literacy. Cybercrime ...

Taxation of e-commerce

The growing trend of online shopping has brought a myriad of new business opportunities to the enthusiast youth. Online business or e-commerce has expanded in Bangladesh at a tremendous rate and it is expected that the volume of e-commerce will cross...

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