Market Pulse

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

AirAsia  in India

AirAsia in India

AirAsia India launch seen in Q4; may order 50 more Airbus jets: CEO.  Full Article 

News Corp Writedown

News Corp Writedown

News Corp to take charge of up to $1.4 billion this quarter.  Full Article 

Jet, Spicejet Results

Jet, Spicejet Results

Jet Airways, SpiceJet report quarterly losses.  Full Article | Related Story 

Relief for Lagarde

Relief for Lagarde

IMF's Lagarde escapes formal investigation in court.  Full Article 

Gold Outlook

Gold Outlook

Gold faces more pressure as inflation stays tame.  Full Article 

Steel Output

Steel Output

Jindal to expand steel output, buy mines in West Africa.  Full Article 

Abe's Agenda

Abe's Agenda

Special Report - The deeper agenda behind "Abenomics".  Full Article 

Revenge of Markets

Revenge of Markets

For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Bangladesh asks border troops to shoot smugglers

DHAKA | Mon Jan 19, 2009 2:48pm IST

DHAKA Jan 19 (Reuters) - Bangladesh has ordered its border troops to "shoot on sight" to stop the smuggling of goods, especially fertiliser, out of the country, a senior security official said on Monday.

Bangladesh's new government cut fertiliser prices by more than half and that of diesel by 4.35 percent last week in line with Prime Minister Sheikh Hasina's promise to help farmers grow more rice and help build food security for the country's more than 140 million people.

Fertilisers are a key input for farming while diesel is required to run irrigation systems in the fields.

Government officials said they feared the price cuts could lead to more smuggling of those commodities to neighbouring India and Myanmar, where prices for those inputs are often higher.

Bangladesh shares a 4,000-km (2,500-mile), porous border with India. "The authorities have ordered Bangladesh Rifles (paramilitary border guards) to shoot on sight, if required, to check the smuggling, on top of normal patrolling," a Rifles spokesman told Reuters.

Bangladesh's annual fertiliser demand is around 2.85 million tonnes, of which 1.7 million tonnes are produced at home and the rest imported, mainly from the Middle East, China, Tunisia and Australia.

Hasina took office on Jan. 6 following her party's landslide victory in the Dec. 29 parliamentary election that returned the south Asian country to democracy after two years of rule by an army-backed interim government. (Reporting by Ruma Paul; Writing by Anis Ahmed; Editing by Bill Tarrant)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.