Indian credit use unconditional: PM

Prime Minister Sheikh Hasina yesterday said that no condition was imposed on $2 billion Line of Credit (LoC) to be provided as loans to Bangladesh by India, saying that Bangladesh is accepting the money to use independently, reports BSS. “There is no condition in accepting US$2 billion LoC from India. We can spend the amount in the projects and sectors at our will...we don’t receive anything on conditions,” she said. “We are an independent country and we are accepting the money by maintaining friendly relations and keeping an opportunity for working independently,” she added. The Prime Minister made the comments while responding to a supplementary from independent lawmaker Rustam Ali Farazi in the House during…

Front Page

All set for 3rd China-South Asia Expo in Yunnan

The 3rd China-South Asia Expo and 23rd Kunming Import and Export Commodities Fair scheduled to start…

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News

Salvaged cargo taken to Sharankhola range office

The forest department has taken the potash-laden cargo vessel which sank in the Sundarbans under its custody, reports UNB. The vessel was taken to Sharankhola Range office of the Sundarbans East Zone yesterday, five days after it was pulled out from the Bhola River. Assistant forest reservoir of Sharankhola…

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Metro

Ctg WASA lays foundation stone of 16-yr-old project

Chittagong Water Supply and Sewerage Authorities (CWASA) yesterday laid the foundation stone of the project of Modunaghat Water Treatment Plant under the project of Chittagong Water Supply Improvement & Sanitation Project (CWISP) that was supposed to start 16 years back. Syed Ashraful Islam, minister…

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Editorial

A view of Modi’s visit that says India’s gains are clear, Bangladesh’s not

During the Dhaka visit of Indian Prime Minister Narendra Modi a total of 22 deals, protocols and memorandums of understanding (MoUs) were signed between the two countries. None of the two countries gave details about most of the deals, especially the connectivity or transit and the loan deal. Bangladesh…

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Op-ed

Towards closer India-Bangladesh relations

For Bangladesh, good relations with India are crucial for strategic, economic, and geopolitical reasons. It is a well-known fact that better economic ties have the potential to spill over into the domain of politics as apparent from the experience of the European Community. Better ties in the economic…

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Business

May inflation shows downward trend

The country’s general point-to-point inflation has improved slightly, after experiencing an upward trend for the last three months of the current fiscal year, as it came down to 6.19 per cent in May from 6.32 per cent in April. “A stable forex exchange rate and downward trend of oil price…

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Worldwide

US mulls sending more trainers to help Iraq fight IS militants

AFP, WASHINGTON: President Barack Obama appears poised to approve the deployment of hundreds more US training personnel to Iraq, in a bid to reverse gains by the Islamic State group. Officials said Obama is considering authorising an increase of under 500 troops to boost the capacity of the Iraqi…

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Sports

Coach Hathrusingha defends team strategy

Bangladesh head coach Chandika Hathurusingha defended the decision of his side’s strategy to go with one pacer, stating that conditions played an important role in taking such move. He also explained that the Indian batsmen were vulnerable to the off-spinner in the past few series which prompted…

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Nationwide

Scanty rainfall hits jute cultivation

Farmers in Jhenidah are facing difficulties in cultivating jute due to inadequate rainfall. Sources in the Water Development Board, Jhenidah said 102 millimeters of rainfall was recorded in May, 2014 in the district, 142 mm in last June and 193 mm in last July and about 120 mm was recorded last August.…

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Backpage

356 refugees rescued off Tunisian coast

Tunisia's navy yesterday rescued 356 migrants, including a two-month-old baby, off the country's southeastern coast near Ben Guerdane, the Red Crescent said, AFP reports from Tunis. Red Crescent official Ammar Lamloum said the group of migrants, mainly Africans, had been trying to reach the…

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