Bangladesh Financial News

Indian High Commission in Bangladesh has said that it continues to remain operational and released helpline numbers for Indian nationals who reside there. According to sources, the diplomats and officials of the Indian High Commission continue to remain in Bangladesh, while non-essential staff and their families returned on Wednesday morning. The sources said, «To reiterate all the helplines of HCI Dhaka are working. The helpline numbers are being shared again below for reference: +8801958383679 +8801958383680 +8801937400591.»

Sheikh Hasina government. Throughout modern history, students have frequently played a pivotal role in regime changes or significant policy shifts. This trend is evident in numerous landmark protests across the globe, illustrating the power and influence of student movements. In the United States during the 1960s and early 1970s, student-led protests against the Vietnam War became iconic. Campuses across America saw teach-ins, sit-ins, and shutdowns to oppose the country's involvement in the war. These actions targeted both the Johnson and Nixon administrations, as well as companies like Dow Chemicals with ties to the conflict. Thousands of students burning their drafts ultimately turned public sentiment against the war, leading to the withdrawal of American troops by 1973. In South Africa, the Soweto Uprising of June 1976 showcased students' resistance against unequal education under Apartheid. Thousands marched in protest, only to be met with armed police, which triggered widespread anti-Apartheid protests and international condemnation of the regime. These demonstrations are credited with setting the stage for the eventual end of Apartheid.

Piyush Goyal on Wednesday suggested the seven member countries of the BIMSTEC bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace. He said that the members can think of negotiating a preferential trade agreement instead of a full-fledged free trade pact. BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Its seven members are five South Asian countries (Bangladesh, Bhutan, Nepal, India, and Sri Lanka) and two Southeast Asian countries (Myanmar and Thailand). The bloc has been negotiating a proposed Free Trade Agreement (FTA) since 2004.

Muhammad Yunus has been appointed as the head of Bangladesh's interim government by President Mohammed Shahabuddin. The decision, made during a meeting on August 6 night between President Shahabuddin and the coordinators of the Anti-Discrimination Student Movement, aims to fill the leadership void created by the ouster of Prime Minister Sheikh Hasina. The heads of Bangladesh's three armed forces were also present at the meeting. Muhammad Yunus, known as the «banker to the poorest of the poor,» is stepping into this role years after a significant fallout with Hasina. Yunus was removed from his position as head of Grameen Bank in 2011 by Hasina's government, which led to widespread public outrage. Thousands of Bangladeshis protested his removal by forming a human chain. Now, the banker who had a tiff with Sheikh Hasina, is the one who will fulfill the duties of the ousted PM of Bangladesh as the head of the interim government.

Bangladesh capital, the said The Indian High Commission remains functional, the sources said. Bangladesh has been witnessing rapid political developments in the last few days. Prime Minister Sheikh Hasina resigned from the post on Monday and landed at the Hindon airbase near Delhi following unprecedented anti-government protests

razakar," a reference to collaborators who had sided with Pakistan during the war of independence—came as security forces were stepping up a crackdown on protesters demonstrating over the lack of jobs and soaring inflation. The inflammatory word turned a protest that had been narrowly focused on economic grievances into a movement that channeled broader suppressed rage over Hasina’s governance.

Bangladesh deteriorates following Sheikh Hasina's resignation, the Supreme Court Bar Association (SCBA) President, AM Mahbub Uddin Khokon, has urged India to arrest the former Prime Minister and her sister, Sheikh Rehana, and return them to Bangladesh, as reported by Dhaka Tribune. At a press conference held at the SCBA auditorium, Khokon stated, «We want to maintain a positive relationship with the people of India. Please arrest Sheikh Hasina and Sheikh Rehana, who fled the country, and send them back to Bangladesh.» He also accused Hasina of causing numerous deaths in Bangladesh, adding, «Sheikh Hasina has killed many people in Bangladesh.»

Check all the Bangladesh news LIVE updates here on LiveMint.As the situation in Bangladesh worsened following Sheikh Hasina's resignation amid heavy protests, several former diplomats and experts have raised concerns about the scenario and asked the Indian government to remain vigilant.Pinak Ranjan Chakravarty, who also served as Indian High Commissioner to Bangladesh, also elaborated on the situation and opined that the possibility of foreign hands behind the unrest can't be ruled out."Bangladesh has seen many such crises in the past... It has happened because of many reasons, basically their internal ones.

Bangladesh President Mohammed Shahabuddin dissolved Parliament on Tuesday to make way for the formation of an interim administration and released former prime minister Khaleda Zia from detention, a day after Sheikh Hasina resigned as PM and fled the country amid escalating protests and civil unrest. Negotiations on composition of the interim administration continued through the day, even as law-and-order situation deteriorated, with attacks on minorities and Indian assets, including the Indira Gandhi Cultural Centre in Dhaka, according to people familiar with the matter. The police, facing wrath of protesters-dozens of whom were reportedly killed in firing in recent weeks-issued an apology and declared an indefinite strike. 'US revokes Hasina visa, UK refuses asylum'

exporters on Tuesday said that the political situation in Bangladesh may lead to short-term shifting of garment orders to India. However, they added that India has no intention or inclination to exploit this unfortunate situation in its friendly neighbouring country. On Monday, former Bangladesh Prime Minister Sheikh Hasina resigned and fled the country amid massive public anger over her government's controversial quota system reserving 30 per cent of jobs for families of veterans who fought the 1971 liberation war. More than 400 people have been killed in the protests. Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said that the current situation in Bangladesh is a matter of great concern for all the exporters.

Bangladesh operations said they are stalling field operations and keeping offices shut in the neighbouring country to ensure safety of employees and are closely monitoring the geopolitical crisis there. Coca-Cola, Hindustan Unilever, Nestle, PepsiCo, Marico and Dabur are among the companies taking immediate steps including sending out advisories to employees to stay indoors and not report to work at office a day after violent protests forced prime minister Sheikh Hasina to resign and flee to India, executives said. Some are even shutting sales operations until normalisation resumes.

Bangladesh’s prime minister resigned and fled the country Monday after weeks of protests against a quota system for government jobs descended into violence and grew into a broader challenge to her 15-year rule. Thousands of demonstrators stormed her official residence and other buildings associated with her party and family.Prime Minister Sheikh Hasina’s departure threatens to create even more instability in the densely populated nation on India’s border that is already dealing with a series of crises, from high unemployment to corruption and climate change.

Mint the political crisis in Bangladesh could hinder India’s plans to boost exports to the neighbouring country. “If the situation worsens, which is highly possible, Bangladesh may stop importing Indian goods and seek other countries to meet their domestic needs," the official said, declining to be identified. Other experts said India faces losses in multiple trade segments due to the Bangladesh crisis, which could turn into opportunities for competitors like Vietnam and China.

Bangladesh Army on Tuesday announced a major rejig in its top-level ranks, according to local media reports. This comes after the country's President Mohammed Shahabuddin dissolved the parliament, a day after Prime Minister Sheikh Hasina resigned and fled the country. Hasina's exit came after hundreds of people were killed in a crackdown on demonstrations that began as protests against preferential job quotas and swelled into a movement demanding her downfall. General Waker-Uz-Zaman, Bangladesh's army chief, announced Hasina's resignation in a televised address and said an interim government would be formed.

Bangladesh is currently hogging headlines everywhere for all the wrong reasons. Its long-time leader Sheikh Hasina has just been overthrown, causing her to flee the country. The nation is not new to such violent political events. It has seen it all — assassinations, army rule, copious political bloodletting — at various points in its short history. Here follows a recap:

Sheikh Hasina arriving in India, a video of popular YouTuber Dhruv Rathee, shared by BJP spokesperson Shehzad Poonawalla, went viral on social media. In the video, Rathee praised Bangladesh for its development and happiness index. Poonawalla shared the video on X with the caption “Joker of the century!”

Jalpaiguri: Secretary of the North Bengal Exporters Association, Brij Kishore Prasad, stated on Tuesday that the ongoing protests in Bangladesh have led to significant losses for Indian exporters. According to Prasad, the closure of the border has resulted in vehicles being stranded and shipments already dispatched being unable to be unloaded. He added that with a curfew in place and banks closed, payments for shipped goods are not being received.

Nahid Islam, a student from Dhaka University's Sociology Department, has emerged as a pivotal figure in Bangladesh’s recent political upheaval. His leadership of the Students Against Discrimination movement has made him a central player in the protests that led to the resignation of Prime Minister Sheikh Hasina on August 5, 2024. Earlier, Nahid vowed to ensure the country of 170 million never returns to what he called «Fascist rule» and asked fellow students to protect its Hindu minority and their places of worship. We won't betray the blood shed by the martyrs for our cause. We will create a new democratic Bangladesh through our promise of security of life, social justice and a new political landscape." The Rise of Nahid Islam

Bangladesh on Monday during unrest, according to Dhaka Tribune. The country announced on Monday that the clashes between demonstrators and members of the Awami League claimed the lives of at least 96 people in police firings. After fighting broke out between police and miscreants on Monday, at least 18 people were slain on the outskirts of the capital in the Savar and Dhamrai regions.

Bangladesh unrest, the central government has convened an all-party meeting on Tuesday. According to official sources, Ministry of External Affairs S Jaishankar will brief about the situation. At least 135 people were killed in Bangladesh on Monday during unrest with police firings, mob beatings, and arson across the country, according to Dhaka Tribune. The country announced on Monday that the clashes between demonstrators and members of the Awami League claimed the lives of at least 96 people in police firings.

Sheikh Hasina fled Bangladesh for India on Monday seemingly just ahead of protesters storming their way into the Prime Minister's residence in Dhaka as month-long protests led by students over job quotas boiled over into an uprising. As many as 300 people have been killed since the protest began in July. A plane carrying Hasina, 76, landed at the Hindon Indian Air Force base just outside the capital as New Delhi worked out a safe passage for its long-standing ally in the region. Her final destination isn't clear. While some reports said she may go into exile in London, there is a possibility that she might depart for a destination in eastern or southern Europe. Belarus may be one of the possible destinations. Back in Dhaka, the country's army chief General Waker-Uz-Zaman said on state television that, with Sheikh Hasina having resigned, the military would form a caretaker government, following meetings with political parties.