Bangladesh Financial News

Students Against Discrimination staged nationwide rallies last month that ended in a police crackdown and the deaths of at least 206 people, according to an AFP count of police and hospital data. The group's leadership were among thousands picked up in the police dragnet that followed some of the worst unrest of Prime Minister Sheikh Hasina's 15-year tenure.

supply chains after the pandemic and due to geopolitical reasons has given India a chance to make in India for the world. It's not just China. Other Asian countries such as Vietnam and Bangladesh are also formidable incumbents. Traditionally, other Asian countries have had an edge over India due to various reasons such as cheaper labour, less rigid labour market and free trade agreements. But now India too is becoming an attractive source of goods for Western countries.

Ministry of Home Affairs has revised the financial powers of Director Generals of paramilitary forces and other intelligence agencies for rewards to informers in operational areas.

Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.

Which industry grows regardless of external factors and serves as the primary growth driver – directly or indirectly – for all other industries? The answer, of course, is the power transmission and generation industry. With the government setting ambitious targets to meet the increasing demand for electricity and support the country’s economic growth, this sector stands at a crossroads. India's power industry is poised to become a significant exporter of electricity, with existing connections to the grids of Bangladesh, Bhutan, and Nepal, and plans to expand these to other neighbouring nations.

Illegal immigration from our neighbouring countries is one of the most contentious things in our country. Recently, a video of a Bangladeshi man who shared a guide on how to enter India through an illegal route went viral on social media.

foreign direct investments from China, and the government can consider FDI applications from Beijing in sectors involving high-end technologies like electric vehicles and batteries, which are not available in other nations, an official said. China has some modern capital equipment of different types, which can be important for India.

student protests in Bangladesh by Opposition BNP and its radical ally Jamaat-e-Islami may have had its genesis in the backdrop of panic that has set in BNP over the Hasina government's move to extradite BNP leader Tarique Rahman from UK where he is in self-exile since 2008.

apparel and footwear may become a larger part of the global sourcing for brands like Zara, H&M, Marks and Spencer and Gap with finance minister Nirmala Sitharaman announcing a lot of exemptions on import duties of raw materials for apparel and footwear only when they are further exported. Local manufacturers said this will make the Indian produce price competitive in the global market compared to Bangladesh, Vietnam, Cambodia, China, and Southeast Asian nations.

Guwahati: What is indicating at growing influx six more Bangladesh nationals arrested by the security forces in Tripura.

Bangladesh is still without internet for a fifth day and the government declared a public holiday Monday, as authorities maintained tight control despite apparent calm following a court order that scaled back a controversial system for allocating gover...

West Bengal Governor C V Ananda Bose sought a report from Chief Minister Mamata Banerjee on her comment that she would offer «shelter» to helpless people from violence-hit Bangladesh, the Raj Bhavan said. In a post on X, the Raj Bhavan Media Cell said it is the Centre's prerogative to handle anything that is part of external affairs.

Bangladesh situation remaining tense and volatile, notwithstanding the decision by the country's Supreme Court on Sunday to scrap the student reservation policy which is the genesis of the current crisis. Opposition BNP through the Jamaat-e-Islami has threatened to unseat the Hasina government and has launched a campaign to influence the country's Army to prevent it from safeguarding the dispensation. A fake letter signed by «junior officers» of Bangladesh Army was circulated with an aim to pressurise the Army Chief to take a neutral stand. Dhaka-based sources told ET that the country's security establishment is backing Prime Minister Sheikh Hasina. On Sunday Bangladesh's Supreme Court scrapped most of the quotas that have sparked protests and in which at least 114 people have been killed. The Supreme Court's Appellate Division dismissed a lower court order that had reinstated the quotas, directing that 93% of government jobs will be open to candidates on merit, without quotas, reports said.

West Bengal chief minister Mamata Banerjee on Sunday said in wake of the violence in Bangladesh, she would keep the doors of her state open for people in distress and offer them shelter, referring to the United Nations resolution on refugees. «If someone knocks at my door seeking refuge due to trouble in Bangladesh, I will give them shelter,» Banerjee said, adding, «Don't worry if you have family members in Bangladesh, or people who have come here and got stuck, we will help them. If people come here in a helpless state and the people knock at the door of Bengal, we will surely give them shelter. We will not step in or talk about it as Bangladesh is a sovereign and the Indian government will speak about it. Our empathy and solidarity are with people and students as many lives were lost,» Banerjee said. «We are sad to see so many deaths and my heart goes out to those students who were killed,» she further said. «I should not be speaking on the affairs of Bangladesh as it is a subject matter of the Centre,» Banerjee added. The West Bengal CM's comments came amid the ongoing protests in Bangladesh that erupted over demands of an end to a quota system that reserves up to 30% government jobs for relatives of veterans who fought in Bangladesh's war of independence in 1971 against Pakistan.

Sheikh Hasina government cracking down on students-led demonstrations — more than 100 people have been killed in clashes with the police — Bangladesh is in chaos. On Sunday, the Supreme Court ordered the government to scale back a controversial job quota proposal.

West Bengal Chief Minister Mamata Banerjee offered shelter to people in distress from Bangladesh, sources in the Central government said a state administration has no locus standi on the issue. These matters are handled by the Union government and the comments are «totally misplaced», the sources said. In an address at a public event in Kolkata, Banerjee, referring to violence-hit Bangladesh, said she would keep the doors of West Bengal open for people in distress from the neighbouring country and offer them shelter. «These are matters which are handled by the Union government,» said a source in the Central government.

Bangladesh via land ports came to a standstill on Sunday as there was no movement of cargo trucks to and fro due to the ongoing student protests in the neighbouring country, officials said. The Bangladeshi side of the Petrapole landport remained non-functional, they said. Nearly one-third of land-based trade between India and Bangladesh takes place through Petrapole. «Trade from other land ports to Bangladesh, including Petrapole, Gojadanga, Fulbari, and Mahadipur, has also stalled as Bangladeshi Customs announced a two-day holiday from Sunday, following the government's declaration of a holiday except for essential services due to unrest,» West Bengal Exporters' Coordination Committee Secretary Ujjal Saha said. The cargo trucks that crossed over to Bangladesh on Saturday from Mahadipur port in Malda have not returned, but they are safe, he said.

GTRI) has suggested suspension of quality control orders (QCO) on polyester and viscose staple fibre for a few years to allow domestic manufacturers to become competitive, expansion of products covered and criteria relaxation in the textile production linked incentive (PLI) scheme, overhaul of Directorate of Foreign Trade (DGFT) and Customs procedures, and addressing monopolistic practices of domestic suppliers, to boost India’s garment exports. Highlighting complex procedures, import restrictions and domestic vested interests are hindering the export growth of the Indian garment sector, it said that sourcing quality raw fabric, particularly synthetic fabric being the root causes of exporters’ problem. The report assumes significant in the wake of India losing to other countries even as garment and textile imports rise steadily.

Fruit bats are the usual reservoir of the virus, and humans can become infected by accidentally consuming bat-contaminated fruits.When the first outbreak was recognised in Malaysia and Singapore, most human infections had resulted from direct contact with sick pigs or their contaminated tissues. "Transmission is thought to have occurred via unprotected exposure to secretions from the pigs, or unprotected contact with the tissue of a sick animal," the WHO said.Later, the outbreaks in Bangladesh and India was most likely caused by consumption of fruits or fruit products contaminated with urine or saliva from infected fruit bats.Human-to-human transmission of the Nipah virus has also been reported among families and caregivers of infected patients.