• Saturday, August 02, 2014

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No rules left to be broken

Private Universities

No rules left to be broken

Imagine universities being run with no vice-chancellor (VC), pro-VC or treasurer. Or think about students obtaining graduation and post-graduation degrees from universities that do not have enough qualified teachers, properly equipped libraries and laboratories, do not publish research journals and have no campus of their own.  It is shocking but true that there are many such private universities in the country, according to a report of the University Grants Commission (UGC). The statutory apex body for higher education sent the report outlining the overall situation and problem of the universities and...

Wedding turns tragic

Wedding turns tragic

A just-married couple had a horrible start to their new life yesterday with 11 of their loved ones killed as a train rammed the bus carrying their party on a level crossing at Barobazar of Kaliganj in Jhenidah. At least 60 others were injured. The Simanta Express from Saidpur rammed the bus at the level...

Truce crumbles

Truce crumbles

A humanitarian truce in Gaza yesterday collapsed only hours after it began amid a deadly new wave of violence and the apparent capture by Hamas of an Israeli soldier. US President Barack Obama called for the soldier to be "unconditionally" released, but also said more must be done to protect Gaza civilians. Intensive shelling killed...

News Analysis

The world's paramount terrorist state

The state of Israel has, till this point, murdered nearly 1,600 Palestinians in Gaza. Twenty-six days, till the writing of this report, have gone by. And yet the ferocity exemplified by Benjamin Netanyahu and his men has not subsided. They say they are destroying Hamas weapons and tunnels. They do not speak of the lives they have put an end to. Their friends in the Obama administration condemn the shelling of the United Nations school, where hapless Gazans had...

Cancel 'Delwar's bail'

Cancel 'Delwar's bail'

The Tuba Group workers on hunger strike yesterday demanded cancelling "the bail" for its owner Delwar Hossain in a case over the 2012 Tazreen Fashions fire. As their fast entered the fifth consecutive day, the workers also rejected the BGMEA's pledge of payments in seven days. About 1,600 workers of Tuba factories could not go...

Rush for Dhaka Trips

2 killed as ticket seekers clash

At least two people were killed and 10 others injured as two groups of locals clashed over purchasing tickets at Ishwardi Bypass Rail Station in Natore yesterday. The deceased were identified as Jibon Hossain, 22, son of Abdur Razzak and Jamat Ali, 28, son of Akbar Ali. Both of them hailed from Daharshoila village under Lalpur upazila of the district. A brawl over buying tickets to Dhaka in front of one of the ticket-counters at the station turned deadly around 11:00am,...

3 hurt in train-car collision

3 hurt in train-car collision

A car in its haste slipped under the closing gate of Malibagh level crossing and it was hit by a train yesterday afternoon injuring three men in the car. The train, which was heading for Kamalapur Railway Station, dragged the vehicle for over 100 metres, said Sub-Inspector Arefin Imam of Dhaka Railway Police Station. A...

Danger lurks at level crossings

Barobazar at Kaliganj in Jhenidah is one of the 389 poorly-manned level crossings of the country where at least 11 people were killed after a train had rammed a bus early yesterday. However, apart from those 389, the rest of the 2,541 level crossings across the country have no guards at all, leaving lives of people at stake, said a top official of Bangladesh Railway. Besides, the Local Government Engineering Department (LGED) and the Roads and Highways Department (RHD) had built...

Deep-sea Exploration

Published Date: August 1, 2014
Higher gas prices key to woo IOCs

Higher gas prices key to woo IOCs

Bangladesh may not be able to attract international oil companies enough to explore its deep sea waters even after resolving maritime disputes with Myanmar and India unless it revises its model production sharing contract (PSC) by offering higher gas prices. “Policymakers must realise that deep sea exploration and development of a gas prospect is completely different from onshore or even shallow water operation. Deep sea operation is very costly, highly risky and technologically very challenging,” said a top PSC expert. “All of the commercial deep sea gas discoveries in the last five years had between 6 trillion cubic feet (tcf) and 16 tcf reserve. Any reserve less than that is not...

Published Date: August 1, 2014
BB directives defied in fresh loan deals

BB directives defied in fresh loan deals

The Gulshan branch of BASIC Bank allowed fake and defaulter companies to swindle another Tk 1,000 crore in 2013, defying Bangladesh Bank's instructions to rectify its irregularities in disbursing around Tk 1,300 crore a year ago. The state-run bank disbursed the amount without following any rules, found the central bank that ran an investigation at the branch for the second time between January and June this year. “The possibility of getting back Tk 1,000 crore is bleak,” said the BB probe report. Though private deposits at the branch didn't increase, it disbursed loans the same way it did previously depending mostly on fixed deposit receipts (FDR) by state enterprises, said the report. The...