RPO FORM OF BANGLADESH SHIPPING CORPORATION.

The Bangladesh Shipping Corporation (BSC), a state owned and managed public sector Corporation, is the largest ship owner in Bangladesh was established on 5th February 1972 under President’s Order No. 10 of 1972 with the objectives of providing efficient, safe, reliable and economic shipping services to the local exporters, importers and business houses, to develop sustainable shipping and ancillary infrastructures in a sovereign nation which just became independent on 16th December 1971 after a nine month long liberation war and thereby reducing dependence on foreign flag vessels to stop drainage of hard earned foreign exchange from the national exchequer.

Recently Bangladesh Shipping Corporation offer Repeat Public Offering (RPO) approved by SEC.

Please click the below link for Resident Bangladeshi RPO Form:

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Please Click the below link for Non-Resident Bangladeshi RPO Form:

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Bangladesh Bank’s Approval to more banks may horrify the monetary situation.

The proponents of the new banks argue that the new operators will infuse more competition into the banking industry and thus bring benefits to the clients. "The (Bangladesh Bank) Board has finalized a set of guidelines including new conditions with the older regulations," said A F M Asaduzzaman, a deputy general manager in the governor's office. "The old regulations have been amended substantially.

Later, a senior official who did not want to be named said the new banks would require a minimum paid-up capital of Tk 400 crore from its sponsors. "And in three years, they have to go public," said the official, who attended the Board meeting, "and raise an amount equal to the paid-up capital." The official said the new guidelines took a tough line against "loan and tax defaulters" and would not allow anyone even with a family member having such a record.

Those criticizing the move say the already overcrowded market does not need new ones and that the initiative is designed to dole out favors to political friends. Two former governors have locked horns over the issue, with Mohammed Farashuddin backing it while Salehuddin Ahmed denouncing it.

The finance minister, A M A Muhith, has already responded to the debate saying that it is a "political decision" to create new banks. Asked, whether any politician would be benefited from the initiatives, he told a reporter on July 24: "Maybe, I don't know." Muhith did not say how many new banks will be allowed. The minister had earlier announced in parliament that the government would issue new banking licenses despite strong insistence from the central bank that no more banks were necessary.

There are 47 banks operating in Bangladesh, alongside hundreds of other financial services companies. The last time new banks were created was during the 1996–2001 Awami League rule. Since then, the central bank has received 82 applications for licenses. Of them, 20 have been filed since the Awami League returned power in Jan 2009. The Sheikh Hasina government has recently established a new bank for the welfare of expatriates. The prime minister has announced setting up of another with expatriates' capitals.After the independence, the number of banks in the country had been six. The country had gotten first private banks after privatisation of Pubali and Uttara banks during military strongman Hussein Muhammad Ershad's regime. Ershad took the number of private banks to nine. BNP, between 1991 and 1996, gave permission to another eight.

The 1996-2001 Awami League set up as many as 13 more.

INDIAN OPPOSITION WINS INTERMS OF TEESTA

Manmohan Singh arrived in Dhaka on Tuesday on a two-day trip, accompanied by the minister for external affairs and four chief ministers of the bordering states. He is reciprocating the visit of prime minister Sheikh Hasina to India in January last year.

Indian water resources minister Pawan Kumar Bansal and West-Bengal chief minister, who were in the list of the entourage of the Indian prime minister, did not come as Mamata was apparently testy over the proposed modalities of the Teesta water sharing.

The prime ministers had one-on-one meeting before and after the official talks on the Day-1 of his tour. After the meeting, both the prime ministers signed framework agreement on cooperation for development, and witnessed signing of one protocol, addendum of one protocol and eight memoranda of understanding.

However, following strong opposition from West-Bengal chief minister Mamata Banerjee, Bangladesh and India could not sign the agreements on Teesta and Feni water sharing. Manmohan in his speech said, "Our common rivers need not be sources of discord, instead can become the harbingers of prosperity to both the countries. "We have decided to continue discussions to reach a mutually acceptable, fair and amicable arrangement for the sharing of the waters of Teesta and Feni rivers."

International affairs adviser to the prime minister Gowher Rizvi, one of the key coordinators of the Indian premier's visit, said some consultations were needed in India before the agreement was signed. "We have agreed in principle on the modalities of the agreement and are hopeful of signing the deal within couple of months," he said. When asked if Bangladesh sought any explanation from India, he said, "There is no need to seek explanation. We understand the reality." "We had landmark success in the visit and now it is time to celebrate," he said.

Indian foreign secretary Ranjan Mathai in Delhi on Monday said any agreement between New Delhi and Dhaka on sharing of the Teesta water would have to be acceptable to the West Bengal government as well as to Bangladesh. He, however, said the proposed deal on sharing of the water of Feni between Bangladesh and India was on track. But he was non-committal on the deal on Teesta. "Water is a very sensitive issue. Nothing is done or will be done without the consent of the state government," Mathai told journalists, in response to a query whether the deal on Teesta would be signed during prime minister Manmohan Singh's visit to Dhaka.

The government signed a protocol to implement the land boundary agreement signed in 1974. Manmohan said, "We have signed a Protocol to the Land Boundary Agreement (LBA) of 1974. With this, both the countries have now demarcated the entire land boundary as well as resolved the issue of status of the enclaves and adversely possessed areas." He continued, "As the prime minister Sheikh Hasina just announced, we have worked out 24-hour access to the enclaves of Dahagram-Angarpota through the Tin Bigha Corridor."

Hasina earlier in her speech said "I would like to announce that from now on, our people in Dahagram and Angorpota will have 24-hour unfettered movement through the Tin Bigha Corridor." The land boundary problems have persisted since 1947, and to resolve the issue, a joint headcount was conducted recently that found about 51,000 people live in these enclaves – 34,000 in Bangladesh and 17,000 in India. Bangladesh has 111 Indian enclaves and India houses 51 Bangladeshi enclaves.

Dhaka and Delhi did not exchange any 'letter' on transit to pave the way for smooth movement of goods through Bangladesh. Asked if Bangladesh did not agree on transit as India did not sign water agreement, Gowher Rizvi said, "Our relationship is based on trust. We don't believe in such relationship where if you don't get anything you will reciprocate by not giving other things."

NO FROM INDIAN OPPOSITION FOR THE TEESTA TREATY.

The AGP president Chandra Mohan Patowary said that people of Assam would "oppose tooth and nail" any move by India's central government in New Delhi to give away even "an inch of land" of Bangladesh, even if such an initiative was endorsed by the State Government headed by Gogoi.

The AGP – a regional party – staged a protest demonstration in Guwahati on Monday, denouncing the purported move by New Delhi to strike a swap-deal with Dhaka to resolve the issues related land boundary. Patowary said that any such a move on the part of the governments in the centre and the state could lead to serious turmoil in Assam.

Even the BJP – the principal opposition party in Indian parliament – strongly opposed New Delhi's purported plan to strike an exchange agreement with Dhaka to settle the issues related to enclaves and adversely possessed land between Bangladesh and India. Pradyut Bora, the general secretary of the BJP's state unit in Assam, said that the party would oppose the government's plan both legally and politically.

With purported illegal migration from Bangladesh to India and alleged encroachment of Indian territories by people of Bangladesh along the Bangladesh-India border being a major political issue in Assam, both the AGP and BJP are likely to step up their offensives against the Congress governments in the state and centre, protesting their moves to settle the issues between New Delhi and Dhaka by a give-and-take formula.

There are 111 Indian enclaves in Bangladesh with 17,160 acres of land and a population of about 37000 people. India on the other hand has 51 Bangladeshi enclaves with 7110 acres of land and a population of about 14000 people.

Altogether 1880.81 acres of Indian land are in adverse possession of Bangladesh. India adversely possesses 1165.49 acres of land of Bangladesh.

During prime minister Sheikh Hasina's visit to New Delhi in Jan 2010, Bangladesh and India agreed to comprehensively address all outstanding land boundary issues, keeping in view the spirit of the 1974 Land Boundary Agreement. The Bangladesh-India Joint Boundary Working Group has since been trying to work out a swap deal to resolve the border dispute once and for all.

Teesta flows through Sikkim and northern part of West Bengal before entering Bangladesh.

As West Bengal is also largely dependent on Teesta for irrigation and hydropower generation, India's central government has been factoring in the views of the state government while negotiating the interim treaty with Bangladesh for sharing of the water of the river.