Bangladesh Financial News

Karnataka Congress legislator on Wednesday urged Prime Minister Narendra Modi not to hesitate to take decisive military action like former PM late Indira Gandhi did in 1971. Rizwan Arshad, who represents Shivajinagar Assembly constituency in Bengaluru, in a letter to Modi, also appealed to him to take «decisive action» to not only address concerns of minorities in Bangladesh but also in India, who have been under «constant attack both economically and socially by the right wing.» «I write to you today as a concerned citizen of India deeply distressed by the recent reports and videos circulating on social media, highlighting the ongoing political turmoil in Bangladesh and the atrocities being reported against Hindu minorities in the region,» Arshad said.

Vivek Ramaswamy, a former Republican presidential candidate, strongly denounced the targeted violence against Hindus in Bangladesh following the ouster of Prime Minister Sheikh Hasina from office. Vivek Ramaswamy, a former Republican presidential candidate, strongly condemned the violence targeting Hindus in Bangladesh that occurred after the ouster of Prime Minister Sheikh Hasina from office. In a post on X (formerly known as Twitter), Ramaswamy expressed his concern about the current situation, stating that «a quota conflict created to rectify the wrongs of rape and violence in 1971 is now leading to more rape and violence in 2024.»

Congress on Wednesday reiterated its demand for a joint parliamentary committee into the Adani issue and alleged that the Gujarat government was helping Adani Ports to «secure a monopoly» on the state's port sector. Congress general secretary in-charge communications Jairam Ramesh said the Gujarat government grants private ports a 30-year concession period on a Build-Own-Operate-Transfer (BOOT) basis, after which ownership gets transferred to the government of Gujarat. On the basis of this model, Adani Ports currently has control over Mundra, Hazira, and Dahej ports, he said. Before the 2024 Lok Sabha Elections, Adani Ports requested the Gujarat Maritime Board (GMB) to extend this concession period by another 45 years to 75 years in total, Ramesh claimed.

Instead, he was tossed from a car and into a muddy ditch on Dhaka's outskirts — alive, at liberty, and with no knowledge of the national upheaval that had prompted his abrupt release. «That's the first time I got fresh air in eight years,» Quasem, 40, told AFP. «I thought they were going to kill me.»

Pakistan-Bangladesh Test series has generated a lot of buzz. With ticket prices starting as low as PKR 50 or Rs 15, some netizens are saying that Pakistan Cricket Board should have distributed tickets for free, instead of pricing it at the rate of a samosa. This two-match Test series is a key fixture in the ICC World Test Championship 2023-25. The series kicks off with the first Test at the Rawalpindi Cricket Stadium (RCS) from August 21-25. The second Test will be held at the National Bank Stadium (NBS) in Karachi from August 30 to September 3.

Border Security Force committee has held 83 flag meetings with Border Guard Bangladesh (BGB) over the last three days. The two sides have conducted nearly 241 'simultaneous coordinating' patrolling in vulnerable areas, BSF said. The panel, constituted by the home ministry on Friday, was mandated to maintain communication channels with its Bangladesh counterpart to ensure safety and security of Indian nationals and minorities living there. According to BSF, the first meeting was held on Saturday. «In order to reach out to counterparts up to border outpost and company levels, both the border guarding forces have held around 83 flag meetings at various levels in the last three days,» BSF said. While appreciating BGB's role in preventing Bangladeshis from coming close to borders, BSF impressed upon BGB to protect Indians and minorities in Bangladesh.

The head of Bangladesh’s interim government says the high-profile resignations of authorities close to ousted Prime Minister Sheikh Hasina are legal after student leaders who organized protests against Hasina’s government issued ultimatums for them to ...

Indian Coast Guard (ICG)'s aircraft and hovercrafts along with other vessels are carrying out surveillance operations along the maritime boundary with Bangladesh to prevent an illegal influx into India amid escalating unrest and the collapse of the government in Bangladesh. Bangladesh is experiencing a volatile political situation, with Sheikh Hasina resigning from the post of Prime Minister on August 5 amid mounting protests. The protests, led mainly by students demanding an end to a quota system for government jobs, evolved into anti-government demonstrations. In response to the heightened tensions in the neighbouring country, the ICG has strengthened security along the international maritime boundary line to prevent any illegal intrusions into India.

The minority Hindu population has faced vandalisation of their business and properties and devastation of Hindu temples in the students' violence that ensued for days following the ouster of prime minister Hasina, who soon fled to India on August 5. The Alliance's press conference took place on the same day as Nobel laureate Muhammad Yunus, who took charge as Chief Advisor of the interim government on August 8, reached out to the distressed Hindu community members at the famous Dhakeshwari Temple here earlier in the day and urged the people to «exercise patience» before judging his government's role.

Bangladesh crisis, including the protests in the country that led to the deaths of hundreds of people. Refuting all the reports and rumours, the White House Press Secretary, Karine Jean Pierre, said in a media briefing on Monday (local time), «So, we have had no involvement at all. Any, reports or rumours that the United States government was involved in these, in these events is simply, simply false. That is not true.» Jean Pierre further stated that Bangladeshi people should determine the future of the Bangladeshi government.

White House said, emphasising that President Joe Biden is «consistent in speaking loud and clear» on human rights issues. White House Press Secretary Karine Jean-Pierre was responding to questions regarding calls from Hindu-American groups and Indian-American lawmakers seeking the US government's intervention in protecting the lives and properties of the minority Hindu community in Bangladesh following the fall of the Sheikh Hasina government. «We are certainly going to continue monitoring the situation. I don't have anything else to add beyond that. But, when it comes to any type of human rights issues, the president (Joe Biden) has been very consistent in speaking loud and clear in public and also privately and he'll continue to do that,» Jean-Pierre told reporters at her daily news conference on Monday. Over the past few days, hundreds of Hindu-Americans in various US cities have been holding peaceful protest rallies against the alleged human rights violations of the minority Hindu community in Bangladesh.

Raymond’s cash flows. Debt piled up. The chief executive of the company’s flagship lifestyle business resigned.

At present, there are 1,504 air monitoring stations in 543 cities across the country. The government has entrusted the job of updating NAAQS to IIT Kanpur, which has set up a panel comprising experts from the World Health Organisation (WHO) and other institutions. “Work on the new NAAQS is ongoing.

But India has made a strong comeback in Sri Lanka, wresting significant advantage from China. And going by the grammar and tone of S Jaishankar's just-concluded visit to Maldives, Muizzu, too, seems to be course-correcting. So, there's more than what meets the eye — a fresh dynamic that reflects changing geopolitical and economic realities. Take the Maldives. In May, IMF warned the country against a ballooning Chinese debt folio. A month later, Fitch downgraded its rating on grounds of 'increased risks associated with the country's worsening external financing and liquidity metrics'. It assessed that weakening foreign-reserve buffers and rising external government debt 'increase the challenges for the new government to meet its substantial upcoming external debt-servicing obligations and keep the currency peg to the US dollar'.

interim government head Muhammad Yunus after police officers agreed to call off their strike and return to work. Bangladesh descended into chaos last week after Prime Minister Sheikh Hasina resigned and fled to India in a military aircraft while the Army stepped in to fill the power vacuum. As the news of Hasina's departure spread, hundreds of people broke into her residence, vandalising and looting the interiors, providing dramatic expression to the anti-government protests that have killed more than 500 people in a fortnight. On Monday, General Zaman said that soldiers will return to barracks once police resume normal operations. He made the comments while responding to questions from journalists at an event here.

Union Home Ministry has asked to expedite the whole border fencing construction work by conducting survey and alignment of stretches along the Indo Myanmar border in Manipur and Arunachal Pradesh. Four Northeastern states including Nagaland, Mizoram, Arunachal Pradesh and Manipur share a border with Myanmar. The Mizoram Assembly on February 28 this year adopted a unanimous resolution opposing the Centre's decision to fence the India-Myanmar border and eliminate the Free Movement Regime (FMR). The Nagaland government and almost all organisations in the state are also against the border fencing and abolishing of the FMR.

Himanta Biswa Sarma said that police prevented four Bangladeshi nationals from entering India illegally through Karimganj district. Sarma stated on X, “This morning at 1:30 AM, Bangladeshi citizens identified as Motiur Seikh, Mushiar Mullah, Tania Mullah, and Rita Mullah attempted to enter India through the Karimganj sector of the India-Bangladesh border. However, police effectively intervened at the zero point and promptly repelled them, preventing their unauthorized entry.” He told media persons these people were Rohingyas and it is not related to the ongoing crisis in Bangladesh.

Hina Khan is winning hearts across the Internet for coming out in support of Bangladeshi Hindus, who have been the target of communal attacks ever since the former Prime Minister Sheikh Hasina was made to resign after an uprising. Taking to X, the ‘Yeh Rishta Kya Kehlata Hai’ actress mourned how minorities become the casualties in every political upheaval and sent her prayers to the minorities of Bangladesh. “Every innocent death is the death of humanity, no matter what country caste or religion. No community should go through such horrific acts, what’s wrong is wrong. Preservation of minorities in any country is the symbol of their collective community nature. My heart goes out to every individual who’s suffering all around the world. Because for me, humanity comes first. I pray that the Hindus and other minorities of Bangladesh remain safe in their own country,” she tweeted.

Aniruddha Sarkar, Chief Investment Officer & Portfolio Manager, Quest Investment Advisors, points out that valuations have become very rich across the board in the market. So, it has become very important not to get into companies where there is big froth. Look for companies with a mismatch of valuation and the underlying value. Within that, the easy part of the money has been made. In the last 24 to 36 months. all of us have made money in the market, some have made more, some have made less but the easy money has gone. Sarkar says that while he is keeping 4-5% cash, investors can keep more than 8% to 10% cash because he does not see any major correction in the market. You have been in the quest of outperformance or alpha. How have the last few months been for you – challenging or okay? You have navigated comfortably because the clamour for a massive correction is getting louder, but have you raised your cash levels? How are you approaching this? Aniruddha Sarkar: The last couple of months have not been very easy for all of us in the market and typically, what happens is when the markets are volatile, that is when the real test of a portfolio happens. Thankfully in the last couple of months, amid elections, budget, whatever is happening in Bangladesh, what is happening in the rest of the world, in the Middle East, our portfolios have done well and that is because we have been trying to focus on very few sectors, looking at companies within those sectors where earnings are supporting the valuations.

₹24,883 crore as of 8 August. He believes that valuations are high, and caution is needed. In the near to medium term, equities might produce slightly lower returns than their underlying fair values.

foreign policy, asserting that Dhaka intends to maintain «smooth and positive» relations with all, including India and China. «Our policy is to maintain good relations with all countries while protecting our national interests,» interim government's Foreign Affairs Adviser Md Touhid Hossain said during his first press briefing at the foreign ministry. Hossain, whose position is equivalent to a minister, said it is meaningless to assume that this interim government is focused solely on any particular direction. «We intend to maintain smooth and positive relations with all… including India and China,» said Hossain, who previously served as a deputy high commissioner to India.