BDR Rivel overview!!:Bangladesh

On Wednesday morning 8.30 am (?25th February2009) A diffrent news started that Two major armed force of Bangladesh (ARMY and BDR)?declare war against each other which exclamed and feared the nation.?Through The private televion channel live relay made clear the fact.And it was clear that the BDR soldger Today i went to Dhanmondi Area and get the total picture was diffrent ,The Mobile network was controlled! It was cool than yesterday till 1.30 pm . after then thr BDR riveler started firing without any specific reason, At 2.30 PM prime minister delebrate? speech for Nation on television channel, She request and order to surrender the arms and same time utter the hardest return if disobey ,

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This speech worked ! Same time the full preparation was taken by Bangladesh Army .The mutiny ended when the government threatened to quell it by force. Then the BDR Rivaler flew away. How the flew !!? It has a question.

The mutiny by the Bangladesh Rifles apparently began as an row over pay. Which is not Correct!!1

It ended as the massacre of 137 army officers and, it is feared, about 20 civilians including officers’ wives, in the guards’ headquarters in the capital.

Next Day

The government, meanwhile, issued a new order to all troops belonging to the 70,000-strong Bangladesh Rifles (BDR) to return to their posts within 24 hours.

In a nationwide television address Saturday, the army’s second-in-command said the rank-and-file guards who turned on their superiors would be punished.

“The BDR troops who took part in these barbaric and grisly acts cannot be pardoned and will not be pardoned,” said Lieutenant General M.A. Mubin.

“They will be given exemplary and quick punishment by a special tribunal. The martyrs will be buried with state honours.”

Farmers are going to get priority for bank finace

Bangladesh is the best place i the world for farming. the national economy can be radically updated by short time only depanding the farming .A good news for Bangladesh from the Banking policy for farming :Source : (Reuters)

Bangladesh presses foreign banks to lend to farmers :Source : (Reuters)

Bangladesh’s central bank is planning to take “punitive” measures against several foreign banks in the country for ignoring directives to lend money to farmers, a senior official said on Tuesday.

Bangladesh’s central bank asked banks last year to provide up to 95 billion taka ($1.4 billion) in farm loans in the 2008/09 fiscal year, 14.5 percent higher than the previous year’s level, following sharp rises in global food prices. The aim was to reduce dependence on food imports.

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The central bank official, who asked not to be identified, said a warning letter had now been served on banks that had not made any loans to farmers.

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“Several foreign banks did not disburse any credit for farming during the first six months of the current fiscal year to December 2008,” the official told Reuters.

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“Those banks will have to show reasons why they have failed to comply with the directive on mandatory disbursement of farm credit. If the explanation is not satisfactory they will have to face punitive measures,” he added. “The banks may be fined or may be asked to deposit a certain amount with the central bank.”

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The official said foreign banks had lent only 1.4 billion taka ($21 million) to the farm sector during the period.

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The nine foreign banks operating in Bangladesh are Standard Chartered Bank, Citi Bank NA, Commercial Bank of Ceylon, National Bank of Pakistan, Hong Kong and Shanghai Banking Corporation (HSBC), Bank Al-Falah, Habib Bank, State Bank of India and Woori Bank.

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One official of a foreign bank confirmed it had received a warning but said it had not been able to make such loans because it had no rural branch.

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“Limited presence significantly constrains the ability to reach the beneficiaries of the agricultural credit scheme,” the official said, adding the bank respected the central bank’s instructions and would try to comply with them.

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The central bank official said banks without rural branches could lend to farmers in collaboration with other banks and non-government organisations operating in rural areas.

news http://in.reuters.com/article/southAsiaNews/idINIndia-38185620090224

Bangladesh Bank purchased US$12 million – aiming to keep the market stable

Aiming to keep the market stable Bangladesh Bank purchased US$12 million from two private commercial banks (PCBs)

“We’ve bought the US dollar from the PCBs to help the banks comply with the net open position (NOP) rules for holding the foreign currency fund properly,” said a senior official of the Bangladesh Bank (BB),?

On Monday last, the central bank similarly purchased $3.50 million from a foreign commercial bank on the same ground, To keep the market steady BB started the intervention in the market by buying the US currency directly from the commercial banks on January 15, 2009 to keep the market steady.Since then, the BB has bought $224.20 million from commercial banks

Government has already advanced its footstep for TIFA

After a long discuss ,Trade and Investment Framework Agreement ?((TIFA) with the United States is a matter of time,Government has already advanced its footstep for TIFA.Bangladesh govt commitee has reviewed the draft TIFA agreement sent by the US authority.

In recent years, the United States has concluded many TIFA’s, including with the Central Asian countries (Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan), Thailand, Brunei, Saudi Arabia, Algeria, Bahrain, Malaysia, Qatar, United Arab Emirates, Kuwait, Yemen, Pakistan, Afghanistan, Mongolia, Indonesia, Philippines, Sri Lanka, Tunisia, Turkey, Nigeria, Ghana, South Africa, West African Economic and Monetary Union, Common Market for Eastern and Southern Africa (COMESA), and Oman.

TIFA is a trade impact, which establishes a framework for expanding trade and resolving outstanding disputes between countries. TIFA is often seen as an important step towards establishing Free Trade Agreements.

Review report is going to positive action to sign the TIFA agreement with US

Bangladesh Petroleum Corp sold 150,000 barrels of open-specification naphtha

naphthaBangladesh Petroleum Corp sold 150,000 barrels of open-specification naphtha to the Singapore arm of Trafigura Pte Ltd as per best tender offer . through the offer Tafigura will pay $47.88 a barrel, to be loaded from Chittagong during March 3 to 6, on a free-on-board (FOB) basis,
Apart from Trafigura, the Singapore arms of Vitol Asia Pte Limited, Swiss firm Glencore International, Itochu Petroleum Pte Ltd and GPR Co Pte Limited of Singapore participated in the tender on Feb. 17.
Earlier, BPC, the sole importer and distributor of crude and petroleum products in the country, had scrapped four tenders to sell 110,000 barrels of naphtha since September last year after failing to draw enough bids.

BPC, owner of the country’s sole refinery, the 11 million barrel-per-year Eastern Refinery, last sold via tender 110,000 barrels of naphtha also to Trafigura in August at $118.94 a barrel.

The refinery produces 1.8 million barrels of naphtha a year.

About TRAFIGURA
Trafigura is one of the largest independent companies trading commodities today.

We handle every element involved in the sourcing and trading of crude oil, petroleum products, renewable energies, metals, metal ores and concentrates for industrial consumers.

1,700 of our people operate in offices in 37 countries across the globe to give us the local knowledge to anticipate and respond to variations in global supply and demand.

In the oil sector, Trafigura has access to over 30 million barrels of storage facilities through a combination of owned terminals under its PUMA network and long-term lease agreements with third party oil terminals; we also time charter in excess of 60 vessels worldwide.

In the metals and minerals sector, Trafigura currently owns and operates concentrate storage facilities and two mines, one in Peru and one in Mexico. Additionally, Trafigura is a significant stakeholder in a smelter and in various publicly listed mining entities.

Capitalising on resource trading and investment expertise Trafigura has diversified into asset management through the development of offshore hedge funds.

http://www.trafigura.com/

Bangladesh innitiating to improve defence power

bangladesh-defenceBangladesh emarge to develop the defence power and planned to buy the package of weapons and armaments would include tanks, aircraft, helicopters, rifles and other equipment to strengthen the overall defence network.

Bangladesh has lots of assets in its coastal area. To protect them properly bangladesh is planning to buy military equipment including missiles for the navy.($17 million would be spent this year to buy missiles for the navy )

More about Bangladesh Defence.

BANGLADESH ARMY
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Bangladesh army was born during the glorious and heroic war of liberation when they organized resistance against Pakistan Occupation Army alongside the common people of the nation.
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The Main role of the Army is to Defend the Integrity and sovereignity of the country, Besides, the army also assists civil administration to restore and maintain law and order situation, when called upon. Army is often called upon in disaster relief operation during any natural calamity and nation building activities.
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BANGLADESH NAVY
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1.??????? All members of erstwhile East Pakistan Navy joined & fought the war of liberation as freedom fighters. Immediately after the war on 10th December 1972 Bangladesh Navy was founded as a separate military service, with 17 officers, 417 men & 2 patrol crafts. During the war of liberation on 21st November combined forces of Army, Navy & Air forces began war against Pakistan forces.
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2.??????? Bangladesh Navy safeguards nation’s maritime objective of both economic & military. Besides, Protection of coastline Navy also protects maritime resources of offshore in the Exclusive Economic Zone (EEZ). Navy is frequently called upon for search, relief & rescue operation during cyclones/ tornadoes in the areas of offshore islands. Navy also assists to prevent smuggling, piracy, drug, trafficking etc.
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BANGLADESH AIR FORCE
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1.??????? Bangladesh Air Force was born during War of liberation on 28th September 1971 with only few combat & non – combat aircraft. Today BAF inventory has modern aircraft of MIG – 29, BELL helicopters & C – 130 aircrafts.
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2.??????? “Banglar Aakash Rakhibo Mukto” is the motto of BAF. The basic role of BAF is to defend the homeland from hostile air attack. BAF’s professionalism is now well recognized both at home abroad.
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3.??????? BAF is fully prepared to meet any requirement of the nation & ready to undertake any assigned task. During flood, cyclone & in any natural disaster BAF helicopters have been extending fastest help.?
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Global recession roles positive for Bangladeshi Software Market

softwareThe current Global recession has took its affect to all sector. Its interesting that Global recesssion? makes Bangladesh’s software industry a very suitable harbor for outsourcing as many western and European companies shifted their focus on the country for low-cost IT services.the country’s software export has achieved hefty growth in recent months, as more than 400 software and IT companies are exporting their services to around 30 countries in the world.

President of Bangladesh Association of Software and Information Services (BASIS) Habibullah N Karim told Bangladesh’s software industry will become a 500 million U.S. dollars export earning sector by 2013-2014 fiscal year (July 2013-June 2014) if the current trend of robust growth continues,”He added? Bangladesh fetched over 14 million U.S. dollars from export of software in the first five months of the current 2008-09 fiscal year which is 100% growth.

Bangladesh ?set 30 million U.S. dollars of software export target for the current fiscal year after the sector earned 24 million U.S. dollars in 2007-08 fiscal year which was 2.24 million U.S. dollars in 2000-01 fiscal year,

For more detail >>>>>>>

Japan give loan $433 million to Bangladesh for electricity and road bridge projects.

powerplantbdGood News: To Develop a contry its most necessary to develop the infrustucture.Power and Road??is the mostvital part of the infrustuctural events. At present Bangladesh’s total electricity generation is hovering around 3,800 MW against the demand for over 5,000 MW,Japan signed an agreement on Sunday in Dhaka to give a $433 million loan to Bangladesh for electricity and road bridge projects.

The amount includes some $242 million for a new power plant and $105 million for power distribution project in the central zone of the country,The 360 megawatt power plant will be set up near Sylhet city some 300 km (187 miles) northeast of the capital Dhaka.

Under the agreement another $86 million will be given for building bridges in the eastern part of the country and for upgrading the country’s transportation system.

Bangladeshi honor the loan as the symbol of frienship

The interest rate for the loan is 0.01 percent per annum and the repayment period is 40 years inclusive of a 10-year grace period.

Trainning for democratic sustainability In Bangladesh- by India

India has achived their degnified position on Democracy parctice.Demoratic Govermant is the most appreciable governance but the case study on Bangladesh has many bitter examples. Only lacking of proper democratic knowledge and excercise ,it may happen. Even it created a 2 years long caretaker govt.

somnath-chatterjeeIndian Parliament Speaker Somnath Chatterjee has offered to train Bangladesh MPs as he praised the restoration of democracy in the eastern neighbouring country as a ?positive development? for South Asia.

Chatterjee and his colleagues are here at the invitation of Speaker Abdul Hamid of the Bangladeshi Parliament.

Speaking at a function, the Lok Sabha speaker said the relations between India and Bangladesh were rooted in a ?shared cultural, economic and political history?.

Both had worked together with common goals and aspirations in the past and should continue to do so, he said.

During a meeting with Hasina, Chatterjee offered to train Bangladesh?s parliamentarians, many of them first termers.

He said that in a parliamentary democracy, the legislatures had the ?immense responsibility? of guiding the destiny of their nations and remained at the centrestage of their democratic polities, according to a statement issued by the Lok Sabha secretariat in New Delhi.

Chatterjee, who arrived here on Saturday at the invitation of his Bangladeshi counterpart Abdul Hamid, is scheduled to address the inaugural session of the four-day Parliamentary Orientation Programme here.

Tunnel under Karnaphuli River

Good news : 6-lane tunnel to be constructed under 3rd Karnaphuli Bridge

The engineers concerned informed the Minister that 66 percent construction works on the 950-metre long bridge has so far completed, as it is likely to be opened to traffic by September next.
Making the announcement during a visit to construction of the Third Karnaphuli Bridge, Communications Minister Syed Abul Hossain Friday said the tunnel, the first of its kind in the country, would help ease congestion in the port city of Chittagong.

Construction of the 1 km-long, 3.05 m-high tunnel, which will feature three lanes of traffic in each direction, will begin once a suitable site has been found and the correct environmental and feasibility studies have been completed, said the Minister

Strong political commitment needed for mining strategy

Bangladesh has energy shortage?as per ?sufficient production capacity. and the reson is lack of strong political commitment government could not take decision of appropriate mining strategy to economically.

One of the major challenges the energy sector is facing is to find out ways how to economically exploit its substantial high quality coal reserve .The predominantly mono fuel ?Natural Gas dependent power generation is in limbo,The proven gas resource is widely believed to be exhausted in not too distant future.

Surfing internet we get?some ?article? and like to recommand Visit??? “Open Pit Mining: Challenges & Benefits BY?Engr. Khondkar Abdus Saleque?”?

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New method LTCC to avert row over coal mining in Bangladesh

Bangladesh is formulating a new industrial policy-Targeting amid-income country by 2021

“DIN BODOLER PALA” SLOGAN FOR A CHAGE OF DEVELOPED AND UPDATED BANGLADESH

Bangladesh’s Industries Minister Dilip Barua said the government is formulating a new industrial policy, including short-term, middle-term and long-term plans, which is important to build a digital Bangladesh and make Bangladesh into amid-income country by 2021 as committed by the new government.

He said the goverment will empasis on foreing investment and technology support,Barua said the new government of Bangladesh has given importance to light industry and small and medium enterprises (SME) which are suitable for Bangladesh to further develop the country’s economy.

Bangladesh’s Industries Minister Dilip Barua said?in ?a ?meeting? with a delegation of the Communist Party of China (CPC),he added, Bangladesh welcomes more investments from China as Bangladesh’s economy is experiencing a transition to “industry-oriented

On Response ,Liu Hongcai, deputy head of the International Department of the CPC Central Committee and chief of the delegation, said Bangladesh enjoys unique advantages including big human resources and geographic advantages which will be attractive to investors.He also said China as a good friend of Bangladesh wishes Bangladesh to be stable and hopes to see an economic takeoff in Bangladesh as soon as possible

ABOUT DILIP BARUAdilip-barua

Industries Minister Dilip Barua, general secretary of Bangladesher Samyabadi Dal, was born on February 28 in 1949.

He completed his BSc (honours) in Physics, MSc from the Dhaka University. He obtained MA, Diploma in Journalism and LLB from the same university.

He was a leader of the East Pakistan Students Union from 1966-1970. He was a member of the Communist Party since 1969 and elected member of the Dhaka City Committee of the Party in 1972. He was the President of the Jubo Federation during 1977-1979.

Dilip is one of the architects of 14-party alliance. He played a vital role in formulation of 31-point reforms of caretaker government and 23-points programmes.

During his long political career, he was imprisoned in 1969 as the student leader, in 1983 as a member of the Political Bureau. He led underground life for several times due to Political reasons.