No-frills bank accounts get popular

No-frills accounts are increasingly becoming popular in the country as the number of such bank accounts grew 8.48 percent to over 2.2 crore in the July-September period of the current fiscal year, beginning on June 1. The increase has been attributed to government policy to bring disadvantaged people under the traditional banking network.     During the period, the cumulative deposits in different components of no-frills accounts have stood at Tk 2,180.79 crore, according to Bangladesh Bank (BB).No-frills accounts  can be opened with an  initial deposit of Tk 10, Tk 50 and Tk 100  by the underprivileged  people, school  students  under  18  years  and  working children who are allowed to maintain the accounts with a zero balance and levies zero or nominal charges.The target groups of these accounts include Farmers, the Freedom Fighters, Disabled Persons, the Extreme Poor, the beneficiaries of the Social Safety Net (S...

Investors sue Bayer over stock slump

Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group’s management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired Roundup maker Monsanto, reports Reuters.Weekly Wirtschaftswoche reported on Friday that two law firms, Hausfeld and Tilp, are pressing civil charges with a court in Cologne, Germany, on behalf of investors who were affected by the drop in the share price in the wake of the Roundup litigation an...

S Africa GDP to grow by 3.6pc in 2021

The South African economy is expected to grow by 3.6 percent in 2021 following a rebound in the thirdquarter of 2020, said South African Reserve Bank (SARB) Governor Lesetja Kganyago on Thursday, reports BSS/AFP.“G...

BWDB gets new DG

Engineer AKM Wahed Uddin Chowdhury joined as the new Director General (Grade-1) of Bangladesh Water Development Board (BWDB) on Thursday. Prior to joining the current post, he served as Additional Director General (Planning) of BWDB. He obtained his B.Sc. degree in Civil Engineering from Bangladesh University of Engineering (BUET) in 1984. He joined Bangladesh Water Development Board in 1986 as Assistant Engineer. In his long career, he has been proficient in BWDB’s river bank conservation, irrigation, flood control and drainage projects, design, planning, monitoring hydrology and BWDB's field level offices. During his long service in BWDB, he participated in various seminars and trainings at home and abroad including Japan, Thailand, Italy, Morocco and France.&nbs...

BNP’s Jahidur Rahman takes oath

Tigers win series

Bangladesh thumped West Indies by a comprehensive margin of seven wickets in the second ODI to clinch the three-match Bangabandhu Cricket Series 2021 at the Sher-e-Bangla National Stadium in Mirpur on Friday. Bangladesh skipper Tamin Iqbal and premier all rounder Shakib Al Hasan led from the front to propel Tigers to yet another convincing victory. Shakib played an unbeaten 50-ball 43 while Tamim scored a 76-ball 50 to help Bangladesh chase a mere target of 149 runs.Shakib returned to international cricket on a grand note. He performed admirably in the first ODI and continued his brilliant with both the bat and bowl in the second ODI as well. Shakib returned with figures of 8/4 in 7.2 overs and also scooped the player-of-the-match award for his effort in the first ODI on Wednesday. But the 33-year-old, who had played a number of domestic games before being reinstated in the international arena, had been struggling to get runs since his return. However, with Wednesday’s knock with the bat we saw the return of the old Shakib.Bangladesh cricket fans had been waiting for Shakib to get back to groove with the willow and his unbeaten knock is sure to give everyone concerned with the Bangladesh cricket a sigh of relief. Shakib looked very comfortable out in the middle and smashed four boundaries during his unbeaten knock and helped Tigers cross the line with ease. Before Shakib, it was Tamim who had picked up his first fifty as the ODI skipper of Bangladesh to lay the foundation for the win. Tamim, who started slowly, did not shy away from using his feet after...

New MPO policy on the cards

As reported by his daily on Friday, the government is going to publish the new policy in an official gazette immediately to bring the educational institutions under the monthly pay order (MPO). Report...

Gross violation of traffic rules

A picture on the front page of this newspaper on yesterday shows a number of Jaywalkers crossing a railway level crossing in front of an onrushing train.According to Bangladesh Railway, some 263 people have died in accidents at railway crossings betw...

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