Bangladesh Electricity, Gas Price Hike Sparks Outrage: Impact on Citizens and Industry
Chunnu's critique comes at a time when citizens are already grappling with uncontrolled market prices and insufficient governmental oversight, against the backdrop of significant economic challenges. The increases in electricity (from 34 to 70 paisa per unit) and gas prices, according to Chunnu, will inevitably lead to further increases in the prices of goods due to their production dependence on electricity. The Bangladesh Power Development Board (BPDB) reported significant losses, underscoring the challenges in balancing the costs of electricity production and purchase, further impacted by the overall economy. Looking Forward: Implications and ResponsesAs the price hikes loom, the conversation around energy policy and economic stability in Bangladesh becomes increasingly pertinent. The unfolding scenario underscores the delicate balance between economic policy decisions and their impact on the everyday lives of citizens.
Source:bd News24
February 27, 2024 15:59 UTC
Ekushey Book Fair extended by 2 days
The duration of the Amar Ekushey Book Fair has been extended by two days to Saturday on special permission from Prime Minister Sheikh Hasina. “We’re informing the fair’s organising committee about the extension. They will make the announcement through loudspeakers at the fair,” he said. Later, the academy let book lovers know about the decision through announcements at the fair. After asking the organising committee for the extension, they sent an application to the prime minister through the cultural affairs ministry.
Source:bd News24
February 27, 2024 15:38 UTC
Amar Ekushey Book Fair extended by 2 days on Hasina’s special permission
Mohammad Nurul Huda, director general of the fair’s organiser Bangla Academy, said they would make the announcement shortly afterwards. Later, the academy let the book lovers know about the decision through announcements at the fair. Publishers had called for the extension citing low sales because of disruptions caused by rains and a delay in allotment of stalls. After asking the organising committee for the extension, they sent an application to the prime minister through the cultural affairs ministry.
Source:bd News24
February 27, 2024 15:24 UTC
Bangladesh to hike retail power prices by up to Tk 0.70 in March
Bangladesh to hike retail power prices by up to Tk 0.70 in MarchThe government is set to raise electricity prices at the retail level a year after the last hike in a bid to offset mounting subsidy bills amid the taka’s devaluation against the dollar. Power prices will rise by Tk 0.34-0.70 per unit and the new rates will be effective from the March billing, according to State Minister for Power, Energy, and Mineral Resources Nasrul Hamid. Power prices were raised for the last time in March 2023 by 5 percent as part of a routine readjustment. The weighted average of electricity price stood at Tk 8.24 per unit after that hike. Hamid defended the move to hike gas and electricity prices.
Source:bd News24
February 27, 2024 14:09 UTC
ISDIN banks on daily sun protection to accelerate its growth
Born in Barcelona under the warm Mediterranean sun, ISDIN aims to establish itself as a force to be reckoned with in the field of sun protection and skin health. "We achieved 40% growth in 2023, and we aim to continue at a double-digit pace in 2024," explains Stéphanie Barbier, Global Corporate Marketing Director. Photoprotection and sensorialityISDIN is making its mark in South America, where it is the market leader in Argentina and Peru. The brand intends to build on the benefits of daily UV protection and capitalise on the sensoriality of its textures. ISDIN, the only Spanish laboratory with B Corp certification, is also involved in many environmental protection initiatives, including a programme to clean up the Mediterranean Sea, in partnership with NGOs.
Source:Daily Sun
February 27, 2024 13:28 UTC
Inter-ministerial meeting on 100-day programme held
DHAKA, Feb 27, 2024 (BSS) - An inter-ministerial meeting was held today at the Ministry of Environment, Forest and Climate Change to formulate a strategy for the implementation of the Mujib Climate Prosperity Plan (MCPP) as part of the 100-day work plan of the ministry. The meeting was held at the conference room of the ministry with Environment Secretary Dr Farhana Ahmed in the chair, a ministry press release said. She said, "We want to formulate the strategy within a set time frame taking everyone's opinion." At the meeting, representatives of various ministries and agencies gave their opinions on the steps to be taken to formulate the MCPP strategy. Deputy Secretary Dharitri Kumar Sarkar gave a powerpoint presentation on the Mujib Climate Prosperity Plan.
Source:Bangladesh Sangbad Sangstha
February 27, 2024 13:06 UTC
In rapid journey, Vishnu River Supply fills the hole in Flagstaff
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Source:Daily Sun
February 27, 2024 13:02 UTC
Bangladesh raises gas prices for power plants by Tk 0.75 per unit
The government has raised the price of gas for all sorts of power plants by Tk 0.75 per unit, effective from the ongoing month of February. The Energy and Mineral Resources Division announced the new prices of gas for power production on Tuesday ahead of a planned hike in electricity tariff. As per the new rates, government’s gas-based power stations, independent power producers and rental plants will have to pay Tk 14.75 per unit of gas.
Source:bd News24
February 27, 2024 12:22 UTC
Bangladesh top court orders private universities to pay 15% tax
The Supreme Court has ordered private universities in Bangladesh to pay a 15 percent tax on their earnings. An Appellate Division bench led by Justice Borhanuddin issued the order on Tuesday. On Jun 28, 2007, the National Board of Revenue issued a notice stating that private universities recognised by the University Grants Commission must pay a 15 percent tax on their income. The NBR also issued another notice on Jul 1, 2010, which said that the tax payable on the income generated by private universities, private medical colleges, private dental colleges, private engineering colleges, or any other private institution engaged in teaching would be reduced to 15 percent.
Source:bd News24
February 27, 2024 12:16 UTC
Minister renews vow to crack down on market manipulators before Ramadan
Fisheries and Livestock Minister Abdur Rahman has issued a fresh warning to traders against gouging the prices of daily commodities ahead of Ramadan. The minister made the remarks while speaking to reporters in Faridpur at the inaugural ceremony of the dredging of the Madhumati River in Madhukhali Upazila. Rahman also said that daily commodities will be sold at reasonable prices in 25 areas during the month of fasting. We have taken measures to ensure that the people can buy the goods at reasonable prices,” said the minister. Earlier, the minister had unveiled a plaque for the conservation and dredging of the Madhumati River in Kamarkhali Union of Madhukhali Upazila.
Source:bd News24
February 27, 2024 11:09 UTC
RAB arrests drug peddler with heroin in Rajshahi
RAJSHAHI, Feb 27, 2024 (BSS) - Members of Rapid Action Battalion (RAB) in an anti-crime drive arrested an alleged top-listed drug peddler with 650 grams of heroin in the district last midnight. The arrestee was identified as Rashida Khatun, 58, daughter of late Shakhawat Hossain of Harishankerpur village under Godagari upazila in the district, the RAB sources said this noon. Acting on a tip-off, a team of the elite force conducted a raid on her residence around 11:30 pm and nabbed her. The team recovered the contraband heroin after searching the house vigorously, said Commanding Officer of RAB-5 Lt Col Munim Ferdous. The detained person has been identified as Azibul Haque, 35, son of Zonab Ali of Jamira village under Belpukur Police Station in Rajshahi metropolis.
Source:Bangladesh Sangbad Sangstha
February 27, 2024 10:06 UTC
No. 9 North Carolina beats Miami
CHAPEL HILL, N.C. — After a huge first half, RJ Davis saw no reason to back off. 9 North Carolina held off skidding Miami 75-71 on Monday night. “I kind of felt good most of the game,” Davis said. Then twice in the last 25 seconds, North Carolina secured offensive rebounds off missed free throws. Earlier in the second half, North Carolina went ahead 50-38 before Miami rattled off the next eight points.
Source:Daily Sun
February 27, 2024 09:11 UTC
Two more children die after Bhasan Char fire
The death toll from a cylinder gas fire at the Ashrayan housing project for refugees on Bhasan Char island in Noakhali has increased to three. Two more of the children burnt in the fire died in Chattogram Medical College Hospital on Monday, reports bdnews24.com. As many as five children, two women and two men were injured in the fire that started when a resident opened a gas cylinder before returning it for a refill on Sunday. One of the children, 3-year-old Rasel died immediately after he was taken to the Chattogram hospital. The victims admitted to the Noakhali General Hospital are adult males – Shafi Alam and Bashir Ulla.
Source:bd News24
February 27, 2024 09:00 UTC
Daily Horoscope for February 27, 2024
General Daily Insight for February 27, 2024 Big energy has the potential to get out of hand today. Dynamic Mars squares adventurous Jupiter at 3:30 am EST, giving us vigor and confidence to venture beyond our typical limits. Cancer June 21 – July 22 Opening up to your friends about a personal matter may presently seem appealing. While courageous Mars in your intimacy zone clashes with unlimited Jupiter in your social sector, this is potentially a risky move. Virgo August 23 – September 22 You’re equipped to throw a lot of energy into whatever you decide to do with your day.
Source:Daily Sun
February 27, 2024 08:53 UTC