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Employment abroad not only reduces the country's unemployment, but also the remittances sent by expatriates working abroad keep the wheels of the country's economy moving. On 20 December 2001, the Government of Bangladesh established a separate Ministry of Expatriate Welfare and Foreign Employment, giving increased importance to the field of ...
The landmark case Toshniwal Brothers (Pvt.) Ltd. vs Eswarprasad, E. and Others, decided in 1996, describes the legality of employment bonds in India.It holds that under the Indian Contract Act, 1872, contracts requiring an employee to pay a bond if they prematurely resign their employment are legal and enforceable, at least in cases where employers pay expenses like training for the employee. [2]
On 14 November 2007 Bangladesh bank approved the name change to AB Bank from Arab Bangladesh Bank. [5] AB Bank Limited able to show a substantial improvement during the calendar year 2019 because of the efforts of its board of directors and management and placed in the "B" category on the stock market upgraded from "Z" category. [6]
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
Along with a birth certificate, the government should issue a bond for each newborn baby to help fund the tike’s retirement 70 years later, according to one expert.
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
Child labour in Bangladesh.. Child labour in Bangladesh is significant, with 4.7 million children aged 5 to 14 in the work force in 2002-03. [1] Out of the child labourers engaged in the work force, 83% are employed in rural areas and 17% are employed in urban areas. [2]
Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors.