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Low income people throng at footpath shops at New Market in the capital on Friday to buy new dresses ahead of Eid. NN photo

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Flood situation worsens in north, northeast

Special Correspondent : The flood situation in the northern and northeastern regions of the country has deteriorated as the meteorological department predicts extremely heavy rainfall in the upstream areas over the next five days. As a result, residents of districts such as Kurigram, Lalmonirhat, Nilphamari, Rangpur, Gaibandha, Jamalpur, Sirajganj, Sylhet, Sunamganj, Habiganj, Moulvibazar, and Netrokona will face short-term flooding. Experts warn that Bangladesh is likely to experience a major flood by mid-July. Meanwhile, the West Bengal government has declared a...

Graft in AB: 3 officials chargesheeted

Staff Reporter : The Anti-Corruption Commission (ACC) has filed a chargesheet against four individuals, including three current and former officials of Agrani Bank’s Agrabad corporate branch in Chattogram, over the alleged misappropriation of Tk3.45 crore from a city corporation fund. The accused are former officer of Agrani Bank Agrabad Branch (Clear Section) RafiqUddin Koraishi, Principal Officer Shubham Dewan, former Principal Officer Gazi Arifur Rahman, and a Brahmanbaria local, Suman Mia, according to the chargesheet filed in April this year with...

Cash aid cut for export: Businesses see as ‘choking to death’

Staff Reporter : Businesses are expressing concerns over the government’s latest decision to cut cash incentives on 43 export goods, terming it as “gagging the export sector to death.” They fear this move will diminish their competitive capacity in the global market. The export sector in Bangladesh is already facing multiple challenges both domestically and internationally. The recent decision by Bangladesh Bank to reduce export subsidies for almost all sectors by 20 to 50 percent aims to alleviate pressure on...