Menu

June 8, 2022

Wholesale Spice Traders Association has said there is no possibility of price hike in spices as there is no shortage of spices in the market ahead of Eid-ul-Azha. Md. Enayet Ullah, president of association, said this during a discussion on stocks, imports, supply and price situation of daily essential commodities organised by FBCCI on Wednesday with Moulvibazar Traders’ Association. Moulavibazar Traders Association Syed Md. Bashir Uddin said if anyone attempts to manipulate the market ahead of Eid, the association will take punitive action as per the rules. FBCCI President Md. Jashim Uddin called upon the businessmen to run their business with honesty. He said that the whole world is going through an unusual situation right now and traders need to be more responsible at that time. The FBCCI will not take responsibility for a few dishonest businessmen, he said. The president also said that 99 percent businessmen do their business fairly, and they should work together to prevent a handful of dishonest traders. The FBCCI chief further urged the shop owners’ associations to control the retail market price. At the same time, he called upon the traders for decreasing the prices in festivals as the other countries do. He said that the Control of Essential Commodities Act is a very old one. “As the country has been developing fast over the recent years and the trend will be continued further, the Essential Commodities Act should be amended.” In this connection, he said FBCCI has already discussed with the Commerce Ministry and Consumer Rights Protection Department in this regard. Md. Jashim Uddin said that the forthcoming budget is a very crucial one due to the current world perspective. He said that giving relief to the people and curbing the inflation should be the priorities in the upcoming budget. Tax and duty burden on daily essentials should be taken away and the revenue can be collected from imposing extra tax on luxury items, he added. FBCCI Director Abu Motaleb, Harun Or Roshid, Former President of Moulvibazar Babosayee Samity Alhaj Abdur Razzak, General Secretary of the present Committee Azmol Hossain Bablu also spoke at the meeting. Among others, FBCCI Vice-President Md. Amin Helaly, Md. Habib Ullah Dawn, M A Razzak Khan Raj were also present at the discussion meeting. After the meeting, the FBCCI leaders visited a number of wholesale shops at Moulavibazar. Source: United News of Bangladesh

Major U.S. markets slipped before the opening bell Wednesday as broad concerns about interest rates, inflation and the war in Ukraine continue to weigh on investors.Futures for the Dow Jones industrials ticked down 0.4% and gave up 0.3% on the S&am…

Blue economy potentials: Experts for maritime affairs ministry

To make use of the great potentials of the country’s blue economy and to protect and use marine resources, a maritime affairs ministry needs to be set up, the experts said Wednesday.They called for united efforts and the better use of maritime resource…

Finland keen to work for development of modern technology

Finland’s Ambassador to Bangladesh Ritva Koukku Ronde has offered the Ministry of Power, Energy and Mineral Resources to work with the Nordic Research Council to conduct research for the development of modern technology.She made this offer during a mee…

Global Covid cases surpass 536 million

The overall number of Covid cases has now crossed 536 million amid a rise in new infections in parts of the world.According to the latest global data, the total case count mounted to 536,575,203 while the death toll from the virus reached 6,323,378 on …

Dhanus’s hit movie of month coming as Karnan-Bidrohi

Bongo is presenting the Tamil movie of the month ‘Karnan’ which is based on a story written and directed by Mari Selvaraj.Viewers will be able to enjoy the blockbuster “Karnan-Bidrohi” in Bangla for free from June 10 on the Bongo OTT platform.This high…

RECENT NEWS
ADVERTISEMENT