Bangladesh Financial News

“Sectors such as fast moving consumer goods (FMCG), cotton yarn, power, footwear and soft luggage may see a small but manageable negative impact, while ship breaking, jute, readymade garments (RMG) should benefit. For most others, the impact will be insignificant,” the report noted. According to the report, there will be no near-term impact on the credit quality of India Inc either. “However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which Bangladesh is either a demand centre or a production hub,” it said.

The American embassy in Dhaka says a high-level U_S_ delegation has met with the head of Bangladesh’s interim government, Nobel laureate Muhammad Yunus, to affirm “dedication to fostering inclusive economic growth."

Bangladesh team arrived in India on Sunday for two Test matches and three T20Is with visiting skipper Najmul Hossain Shanto hoping that their historic 2-0 series win in Pakistan recently would hold them in good stead against the formidable hosts in the coming weeks. The Bangladesh squad landed in Chennai, the venue for the opening Test beginning on September 19, on Sunday afternoon. «It's definitely going to be a very challenging series for us,» Shanto was quoted as saying at the pre-departure press briefing at the Dhaka airport. «After a good series (vs Pakistan) there is definitely an extra confidence in the team, in the people of the country. Every series is an opportunity.

Shubman Gill is among the prominent players who will be rested for the three-match T20I series against Bangladesh starting October 7 as part of BCCI's workload management policy. Gill, India's No.3 in Test matches, is a vital cog in the team's top-order alongside Rohit Sharma, Virat Kohli and Yashasvi Jaiswal and is expected to play all 10 Tests this season. Apart from Gill, a few more important players will also be rested keeping the the three- Test series against New Zealand in mind. India will start their upcoming international season with a two-Test series against Bangladesh in Chennai from September 19 followed by the second match in Kanpur starting September 27.

Bangladesh's ousted prime minister Sheikh Hasina and 58 others on the charges of attempting to murder a student during the violent clashes that led to the fall of her government last month, a media report said on Sunday. It was the latest in the slew of cases filed against the 76-year-old former premier, who resigned and fled to India on August 5 following a massive protest by students against a controversial quota system in government jobs. The case was filed on Friday by 22-year-old Fahim Faisal, who claimed he was shot and injured during an anti-government protest in Dinajpur on August 4, a day before the fall of the Hasina-led Awami League government, The Daily Star newspaper reported. With this, the tally of cases against Hasina has reached 155, including 136 for murder, seven for crimes against humanity and genocide, three for abduction, eight for attempted murder and one for the attack on a Bangladesh Nationalist Party procession, the report said.

Bangladesh's interim government of its commitment to helping the country expand economic opportunities, build institutional capacity, and uphold human rights. The US commitment came as a high-level US delegation met Foreign Adviser Md Touhid Hossain. «We are committed to helping expand economic opportunities, build institutional capacity, uphold human rights, and mitigate climate risks with our partner, Bangladesh,» the US Embassy in Dhaka posted on X after the meeting. The US delegation at the meeting was headed by Assistant Secretary for International Finance of the US Department of Treasury Brent Neiman. The delegation also included US State Department Assistant Secretary for South and Central Asia Donald Lu, The Daily Star newspaper said.

India Meteorological Department (IMD) on Sunday said that the deep depression that was formed over Gangetic West Bengal and adjoining Bangladesh has moved slowly westward and subsequently, within the duration of 24 hours, its intensity will gradually weaken into a 'depression'. Along with it, the IMD has issued a warning for «very heavy to heavy rainfall» at a few places over Gangetic West Bengal, including Kolkata and «extremely heavy rainfall» at isolated places over south Gangetic West Bengal for today. According to the IMD, the deep depression formed over Gangetic West Bengal is likely to move slowly and maintain its intensity of deep depression till Sunday evening while it will gradually weaken into a depression during the subsequent 24 hours.

Subscribe to enjoy similar stories. It’s not often that an India-Bangladesh Test series garners as much anticipation as the one starting on 19 September in Chennai. Bangladesh’s historic 2-0 Test series win away from home in Pakistan earlier this month has raised the passionate cricket nation’s status—the greatest ever triumph in the history of Bangladesh as a Test playing nation.

IMD) has issued a warning for extremely heavy rainfall across several regions due to a deep depression over Gangetic West Bengal and adjoining Bangladesh. The adverse weather conditions are expected to persist until September 18.

Congress party delegation which went to Sonapur's Kosutoli village following the clashes on Thursday where two people were killed and several injured was turned away. The delegation had arrived to assess the situation and meet with local residents. However, a group of people stopped their vehicles before they could reach the site. A group of residents chanted anti-Congress slogans and demanded that the delegation leave. Amid the protests, the Congress team was forced to retreat, unable to complete their visit.

Tejasvi Surya slammed Congress leader Rahul Gandhi over his remarks and meetings during his visit to the United States and said that he would not be surprised if he held meetings with terrorists someday. Addressing a press conference on Friday, the BJP MP from South Bengaluru said that the comments made by the Lok Sabha LoP over the removal of reservations were quite damaging. He further criticised Gandhi for meetings with "anti-India" elements like Ilhar Omar and alleged that the Leader of the Opposition in the Lok Sabha was holding meetings with Khalistan, Pakistan, China, and Bangladesh agents.

Padmar ilish’ (hilsa from the Padma River) during Durga Puja this year. The interim government in Bangladesh has decided not to continue its hilsa export to India, prioritising domestic demand. The Fish Importers’ Association in Kolkata had requested the Bangladesh government to allow the continuation of hilsa exports as per the usual practice. Since 2019, under the leadership of the now-deposed Prime Minister Sheikh Hasina, Bangladesh had been exporting over 1,000 tonnes of hilsa to India in the month leading up to Durga Puja. On August 9, the association wrote to Bangladesh government adviser Touhid Hossain, asking to permit limited hilsa trade. However, Farida Akhtar, an adviser to Bangladesh's fish and animal resource ministry, has refused the request, citing rising domestic demand. Reports from Dhaka indicate that Akhtar has instructed the commerce ministry to ensure no hilsa exports this year.

Ruturaj Gaikwad, will keep the same team, while India B strengthens its squad with Rinku Singh joining Sarfaraz Khan and Musheer Khan. PTI reports that the BCCI has rested several key players ahead of the second round, scheduled to start on September 12. These players were selected for the first Test against Bangladesh. Rishabh Pant, K L Rahul, and Shubman Gill have been given a break, along with Akash Deep, Kuldeep Yadav, Axar Patel, Yashasvi Jaiswal, and Dhruv Jurel. With Shubman Gill in the national team, Mayank Agarwal will captain the India A team. Prasidh Krishna also returns to the India A squad for the upcoming matches and he will closely watched as a pacer option for Border Gavaskar Trophy in Australia.

could benefit Indian RMG exporters like Gokaldas Exports Ltd, K.P.R Mill Ltd, and Arvind Ltd. Unsurprisingly, shares of these stocks touched new highs, reflecting the Street’s optimism. Sentiment boosts aside, grabbing a meaningful chunk from Bangladesh’s textile export pie may not be easy.

The Diary of a CEO, Steven Bartlett writes that the first law of business and life is “filling five buckets"—knowledge, skill, network, resources and reputation. For Rudra Chatterjee, each bucket is full to the brim. The 47-year-old chairperson of Obeetee Carpets and managing director of Luxmi Tea holds an MBA from Columbia Business School and a Masters in design history from Oxford University; his network comprises advisors and friends like Nobel laureate Abhijit Banerjee and current Bangladesh PM Mohammed Yunus; and both his companies have received numerous awards.

New Zealand will aim to exploit Afghanistan's relative inexperience in red-ball cricket, in the one-off Test starting here from Monday, and gather momentum ahead of their upcoming World Test Championship challenges in the sub continent. New Zealand's first-ever Test against Afghanistan will kick off a challenging couple of months for the Black Caps who play six long-format matches on the bounce in the subcontinent, something they haven't done in 40 years. With their underwhelming subcontinent record in mind (40 losses in 90 matches), New Zealand would want to hit the straps straightaway.

Amit Shah on Sunday said Parsis have made silent but immense contribution to India's development, and lauded the role of Gujarati newspaper Mumbai Samachar in that journey. Speaking after releasing documentary film 'Mumbai Samachar- 200 Not Out', which chronicles the remarkable 200-year journey of Asia's oldest newspaper, Shah said the Camas, who run it, exemplify journalism of trust. «We must respect Parsi families like the Camas, who still speak Gujarati and run a newspaper in the language. I want to say to those who fight for the rights of minorities that if there is any true minority among minorities, then it is the Parsi community. Without ever struggling for rights, they have lived their lives focussing on their duties,» Shah said. Without ever making any demand, they have contributed to every field, he added. They did their duty in fields like governance, industry, Information Technology, fintech, atomic science as well as winning the war that gave birth to Bangladesh (an apparent reference to Field Marshal Sam Manekshaw), Shah added.

While skipper Rohit Sharma will take charge of the squad from the front, the key highlight would be Pant who will return to the Indian Test squad after nearly 20 months for the two-match series against Bangladesh. Having played in the second and final Test against Bangladesh at Mirpur from December 22-25, 2022, Pant met a road accident a few days later on December 30 and made his return to top-flight cricket only in IPL this year. The 26-year-old swashbuckling batter returned to the national side in their title-winning campaign in the T20 World Cup.

Bangladesh must strive to keep its success story going While Bangladesh is yet to make a formal request, and India’s external affairs ministry has dismissed it as hypothetical, the issue still calls for strategic thinking in the diplomatic and foreign policy establishment. So, what are India’s options? While it may want to stand up for its long-time friend Sheikh Hasina, politics is driven by rationality and prudence, not emotions. In realpolitik, national interests trump personality-based politics.

Bangladesh's national anthem, a leading cultural organisation — Udichi Shilpi Gosthi — on Friday organised a nationwide protest against radicals demanding a new anthem and flag. In Dhaka, Udichi members and some other cultural organisations protested by singing the national anthem — written by Rabindranath Tagore. Speakers at the event said they will not tolerate any conspiracy against the country's national anthem. They also promised a united front against all malicious forces if such attempts are made.

Rajnath Singh on Friday responded to his earlier statement that "Armed Forces need to be prepared for war". The Defence Minister said that he gave that statement so that India's peace cannot be disturbed under any circumstances. Highlighting India's message of 'Vasudhaiva Kutumbakam', Singh said that India has always advocated for peace but keeping in mind the today's geopolitical situation, India always needs to prepare for war to establish peace in India and world. Speaking to media persons, Rajnath Singh said, «India is the only country in the world that has given the message of 'Vasudhaiva Kutumbakam'. India has always advocated for peace and it will always. But today given the geopolitical situation, I told the army that to maintain peace in India and the world, we should always be ready for war. I said so that India's peace is not disturbed under any circumstances.»