Microfinance 'bear bit' to reduce poverty

United States news of Bangladesh. Dhaka

This is not possible to remove poverty, through the provision of only micro-credit as his contribution to the reduction of poverty in rural areas of the country only 4 percent, economists said a seminar on Wednesday.

Their contribution is only 4 percent, but its benefits to the poor can be addressed with the impact of the poverty rate alone, they said citing results of a recent study.

The microfinance Institute organizes the seminar entitled ' asset growth and dynamics of poverty in rural Bangladesh: the role of microcredit ' in the Palli Karma Shahayak Foundation Auditorium in the capital.

Headed by PKSF Chairman Dr Qazi Kholiquzzaman Ahmed, the seminar, among others, food and disaster management Minister Dr. Abdur Razzaque, Bangladesh Bank Governor Dr. Atiur Rahman and InM interim executive Director Dr Mosleh Uddin Sadeque established.

Professor SR Osmani, a teacher from the Development Department of Economics, University of Ulster, UK a made power point presentation at the meeting.

As the chief guest Dr. Abdur Razzaque said, that poverty is really, that had a major issue in Bangladesh and all previous Governments in their efforts for the control.

On the role of microfinance, he said that many non-governmental organizations (NGOs) such as mushroom around the country have grown up.  "So, the role of microcredit to poverty reduction is doubtful today."

' NGOs are more by high interest earn. We have seriously think like them,' the Food Minister said.

He stressed the categorization of financial institutions to monitor their role to reduce poverty.

Dr. Atiur said that the poor can benefit services from micro-credit, if it helps that they and not income to resist blows such as an economic disaster from the sudden death of family members, the loss of economic assets, or other losses from natural disasters.

He said that the poor can have not the scope for smooth consumption during disasters, if there is no insurance system for them, which can lead to cuts in essential food and non-food expenditure.

The Governor who said the Central Bank, more innovation is needed in order to strengthen the role of crucial mitigating and offer flexible financial services for different types of poor households in particular extreme poverty.

Dr. Atiur said, it is clear that microfinance protect budget from shocks, social norms about the role of women in society contribute changing, and cause that some households move poverty.

Dr. Kholiquzzaman said increased fund flow through rural microfinance can be guaranteed. "We have to change the State of borrowers loans, but it's very hard to measure, how much change in their lifestyle, comes" he said.

SR was Osmani in his study, access to microfinance reduces the likelihood of arm to 2.5 percent by assets.

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Govt officers to offer car loan

Staff correspondent

The Government thought to loans, his legal representative on the purchase of cars to the limit of the Government vehicles, the Minister for public administration Syed Ashraful Islam told Parliament on Wednesday.

Answers to a question from ruling Awami League legislators AKM Ramatullah, he said the officers, take the first Government vehicles around the clock to use privileged family for purposes.

He said that other officers pay Government vehicles on holiday or after business hours may use a certain amount after obtaining the consent of the competent authorities.

Syed Ashraf, also the Minister of municipalities and rural development, said, there was no possibility of misuse of fuel by officers, since the Government reduced a policy fuel allocation had met.

Under the directive to keep the fuel costs, he said, officer who formerly was entitled calls a month now 200 litres of fuel to 10% less.

He said that the same policy for gas-fired vehicles.

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Thailand raises prices despite economic tremble

Agence France-Presse. Bangkok

Thailand's Central Bank increased its key rate of interest on Wednesday for the sixth time this year say that inflation was a greater threat than the slowdown in the global economy.

The Bank of Thailand monetary policy Committee voted 5-2 to 3.50%, the highest level in about three years to increase the federal funds rate by 25 basis points.

Thailand lifted to 225 basis points since July 2010, to tame inflation, which is four percent on an annual basis about has its key interest rate.

The latest move came just a day after the Government data showed, that the economy has led to a strong slowdown of exports 0.2% in the second quarter as supply shortages by Japan's earthquake caused shrunk.

"All MPC members see greater risk for growth, but most still see that inflationary risks outweigh risks for growth," said Bank of Thailand Assistant Governor Paiboon Kittisrikangwan.

At the same time, he has planned, that the Bank could mark a break at its next session for October.

"Falling inflation, the rate will be increased,", Paiboon said.

Supavud Saicheua, Senior Economist at Phatra securities, predicted that the Central Bank to raise their prices once again and then be put on hold, would say that there are apparently not too nervous about the global economic.

"I'm more worried about economic uncertainties in Europe and the United States as the Bank of Thailand," Supavud said.

The Central Bank has previously warned that the new Government expected to populist policies, such as a higher minimum wage and increased rice prices for farmers, fuel price pressure.

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Bavaria relieved

Agence France-Presee. Berlin

There was relief around such as FC Bayern München 1: 0 win for FC Zürich their place in the Champions League group stage as Bavarian giants to wait to see, that confronted them in Thursday are draw sealed.

Bayern's victory in Zurich on Tuesday leg gave them a 3-0-in the final in the play-off qualifier and means that they are included when the Champions League draw takes place in Monaco on Thursday night.

The draw contains 32 clubs - 22 automatic qualification, as well as the 10 play-off winners - in eight groups of four pots placed.

Bayern are set, among the seeded teams in pot a for a draw in the Grimaldi Forum Monaco and Miss like Barcelona, Real Madrid, Manchester United and Chelsea in the group.

"It is a huge weight all of our shoulders, because Bayern are of course in the Champions League," said Nerlinger.

"It was a major hurdle, and we are pleased we did, with an other concentrated performance."

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SEC fines 2 companies, 1 brokerage firm

Staff correspondent

The Securities and Exchange Commission has two companies and a brokerage house a total TK 36 lakh for their failure to observe of the regulations of securities of a fine.

According to news published on the website of the Dhaka stock exchange on Wednesday fined of the stock market regulator, Islamic finance and investment Ltd TK 10 lakh as the company failed, necessary document for share issue rights within the time, that of the Commission.

"SEC SEC approval has the TK-10.00 lakh only on Islamic finance and investment Ltd for the non-compliance with the condition No 4 letter to the company by the 20 July 2010 for the issuance of shares of the rights relating to the provision of rights shares offer document within the foreseen time, penalty", the announcement said.

The stock exchange regulatory authority fined pioneer Insurance Company Ltd. TK 1 lakh for the non-compliance with the SEC order relating to the dissemination of price-sensitive information within the time provided for.

The Commission on the day fine a DSE brokerage firm, Al-Arafah Islami Bank Limited, TK 25 lakh for not self-satisfaction of rules 1, 2 and 7 of the Securities and Exchange Commission (stock dealers, stock broker and authorized representatives) regulations, 2000, the with permission for broker certificate and operation.

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Robbers loot valuables, 4 place

Our correspondent. Jamalpur

A gang of robbers looted treasures from a House on the Islampur in Jamalpur early Wednesday.

Police said that the gang of robbers, numbering from 14 to 15 break tapan Kumar's House at the village of Mojajalla of Islampur door most entered about 03: 00.

The gang had tied up the House occupant with ropes and 16 Vories gold jewelry, TK-25 thousand in cash and other valuables plundered.

Later, the robbers managed to escape the place said with prey, had the sources.

To information, the police went 22, Fulu, to place and place and arrested four suspected robbers Helal, 22, Nabin, 23, from the village of Mojajalla and Yeadul, 20, from the village Batikamary of Islampur shortly in the car.

A case was filed with Islampur thana in this connection.

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Bangla Academy, to keep talk about Nazrul

United States news of Bangladesh. Dhaka

The Bangla Academy organizes a program in his Seminar Hall the 35th today death anniversary of the poet Kazi Nazrul Islam.

Professor Rafiqul Islam deliver a talk about the Nazrul life and its contribution to the Bangla literature at 11: 00, a release said.

Bangla Academy Chairman Professor Kabir Chowdhury is lecture meeting Chair.

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