India bans onion export until March

India has banned the export of onions to other countries effective from December 8, says a notification issued by the Indian Ministry of Commerce and Industry on Thursday (7 December). The ban on the export of onion will be in place till March 31 next year, according to the notification. The decision has been made to increase domestic availability and to keep prices in check. The Directorate General of Foreign Trade (DGFT) notification said the export of onions will be, however, allowed based on permission granted by the central government to other countries based on the request made by the countries.

Awami League not worried about any sanctions : Quader

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Friday (8 December) said his party is not worried about any sanctions. "We are moving towards a free, fair and peaceful election under the independent Election Commission as per the constitution. Why should there be a ban here," asked Quader. He said If any sanction comes, it should be on the BNP. They are the ones doing sabotage, they are attacking. These are obstacles to a fair election. If the US wants to impose sanctions, only the BNP and its allies deserve to be sanctioned."

34 kg gold seized at Sylhet airport, 4 detained

Customs intelligence officials seized over 34kg of gold and detained four passengers on Friday (8 December) in connection with the recovery of a Bangladesh Biman flight at Sylhet`s Osmani International Airport. According to our Sylhet correspondent, intelligence officials searched the Dhaka-bound flight from Dubai (BG-248) and seized gold from under some of the seats and the washroom. "A total of 280 pieces of gold bars weighing 32.78kg and six gold eggs weighing 1.591kg were seized. The market value of the gold is around Tk 35 crores," said Sajedul Karim, assistant commissioner of Customs, Excise and Vat Commissionerate at the airport during a press briefing.

Momen writes to UN seeking ‘constructive, collaborative’ role

Bangladesh has conveyed to the United Nations that Prime Minister Sheikh Hasina is "determined to hold a free and fair election" but will not tolerate burning of public and private properties and burning of human lives in the name of demonstration that the opposition frequently perpetrates. "We also expect UN officials to maintain highest standard of non-partisanship, integrity and objectivity to uphold UN credibility and respect," Foreign Minister AK Abdul Momen wrote in a letter sent to Earle Courtenay Rattray, head of office of the UN Secretary General.

Bangladesh beats China in knit exports to EU

The traditional second-largest ready-to-wear clothing exporter in the world, Bangladesh has now taken the lead in exporting knitwear to the European Union (EU) markets – thereby surpassing mighty China amid the global economic slowdown following the ongoing wars. Eurostat, the EU`s official statistical office, revealed that the export value of Bangladesh`s knitwear during the first three quarters of 2023 was €8.31 billion, while China’s export value was €8.27 billion, a 0.49 percent increase.

Denmark passes law banning Quran burnings

Denmark`s parliament on Thursday (8 December) has banned the "inappropriate treatment" of religious texts under a bill known as the Quran Bill. The newly passed law has made it illegal to burn the Quran in public places, seeking to deescalate tensions with Muslim countries after a wave of Danish protests during which Islam`s holy book was burned, causing outrage.

The ascendance of ethical investment

In the rapidly evolving financial landscape, a discernible transformation is taking place within the investment industry, spurred by a growing emphasis on ethical considerations. Stakeholders across the spectrum are showing an increasing inclination towards investments that not only

Manipulators active in shares of closed companies

As the share prices of closed or non-operational companies in the stock market continues to experience abnormal rise, the fundamentally sound shares continue struggle to find buyers in the market, with shares of these companies remaining stagnant at floor prices despite positive surprises in dividends. Market analysts are of the view that Bangladesh Securities and Exchange Commission (BSEC), the stock market regulator, has taken the initiative to relaunch various closed companies in the interest of investors of listed closed companies and to reorganise the board to prevent irregularities and corruption in those companies. It is around this positive initiative of the BSEC that the manipulative circle has become active.

Train derailed in Tejgaon, Dhaka’s rail link broken

Dhaka bound ‘Titas’ train derailed in Dhaka’s Tejgaon area following a collision with a crane working on the Dhaka Elevated expressway project. The incident took place at around 5pm on Thursday (7 December). Dhaka’s rail link with most of the country is suspended following the incident. The information was confirmed by Khairul Kabir, divisional transport officer (Dhaka Division). They have already started rescue operations, he stated. Khairul Kabir said the crane was on the rail tracks even though the gate at the nearby Tejgaon level crossing was lowered. The locomotive was derailed after it hit the crane.

EC approves transfer of 338 OCs and 205 UNOs

The Election Commission has so far approved the proposals for transferring 205 Upazila Nirbahi Officers (UNO) and the Officers-in-Charge (OCs) of 338 police stations ahead of the upcoming national election slated for January 07 next. The EC cleared two proposals --one is to transfer 338 OCs and another is to transfer 158 UNOs-on Thursday (7 December). The Commission earlier okayed a proposal to transfer 47 UNOs.

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