Bangladesh Financial News

exports and imports of goods and services declined 2.5% on-year in January-June 2023 at $800.9 billion, think tank Global Trade Research Initiative (GTRI) said Monday. Exports of goods and services rose 1.5% to $385.4 billion in the first six months of the calendar year as against $379.5 billion in the corresponding period a year ago while imports dipped 5.9% to $415.5 billion from $441.7 billion in January-June 2022. In merchandise trade, exports fell 8.1% to $218.7 billion, while imports contracted 8.3% to $325.7 billion. “Data is showing modest decline due to weak global demand and losing competitiveness in labour intensive sectors,” said GTRI Co-founder Ajay Srivastava. Services exports during the six months grew 17.7% to $166.7 billion, while imports rose 3.7% to $89.8 billion. India exports goods to 240 countries and out of that, the country's outbound shipments declined in 134 destinations. Major countries where exports declined include the US, UAE, China, Bangladesh, and Germany.

Team India on Monday finally announced its squad for the upcoming Asia Cup and now it is more or less confirmed that the selection committee under Ajit Agarkar will select the squad for the ODI World Cup from this list of selected players. Tilak Varma made it to India's Asia Cup squad on the back of his strong performance against West Indies during the tour that ended this month. Talking about the World Cup squad, Ajit Agarkar said at the press conference, "It is a no-brainer.

Trent Rockets during Women's Hundred told The Cricket Paper that as a player she has a right to express what she's feeling. She said, "I will not say that I regret anything because at the end of the day as a player you want to see that fair things are happening.

KL Rahul and Shreyas Iyer, both pivotal figures in the middle order. As a result, the committee is expected to opt for safer choices, factoring in the potential of testing back-up options in the five to six matches the Indian team is expected to engage in during the tournament held in Sri Lanka.

NEW DELHI : Singapore, Indonesia and the Philippines, key diplomatic partners of India, have appealed to New Delhi to resume rice exports to their nations following India’s decision to suspend non-basmati shipments to check prices. Singapore has requested around 110,000 tonnes of rice from India. In June, Indonesia announced plans to import 1 million tonnes (mt) of rice from India to protect against disruptions caused by the El Nino weather pattern.

Numaligarh Refinery Limited (NRL) plans to enter Myanmar once the situation in the country improves, the company is eyeing to export hydrocarbon products in Bangladesh and Nepal in bigger scale. In Myanmar, NRL plans to set up retail outlets. The regime change had delayed the plan of NRL.

Shardul Thakur's better batting ability compared to speedster Prasidh Krishna could prove to be decisive while selecting the extra pacer for World Cup but both are likely to be auditioned if India pick a 17-member squad for the Asia Cup, which is set to be named on Monday. However, the biggest bone of contention will be whether senior batters KL Rahul and Shreyas Iyer, desperate to prove their full fitness from thigh and back injuries respectively, are green-lighted for selection by NCA's sports science unit headed by Dr Nitin Patel.

ALSO READ: ‘Rahul, Rohit have plenty of choices…’: Sourav Ganguly makes surprising no. 4 picks for India's World Cup squad Previously India won the world cup in 1983 under legendary all-rounder and ex-skipper Kapil Dev. India were also runners-up at the 2003 Cricket World Cup, and semifinalists four times(1987, 1996, 2015, 2019).

USA secured a place in the ICC Under-19 ODI World Cup after an impressive performance in the Americas qualifiers, joining the already qualified 15 teams for the event in Sri Lanka next year. They won five out of six matches to top the four-team qualifiers with 10 points, same as Canada, but topped the standings on better net run-rate (4.84).

maritime domain. It signifies India’s increasing interest in building capacity and partnerships with Indo-Pacific militaries.

NEW DELHI : New Delhi and Dhaka are considering the establishment of 16 new border haats to increase the volume of trade between the two countries, according to Smita Pant, a senior diplomat in the Ministry of External Affairs. According to Pant, the two countries have eight haats operational, which are located across a number of northeastern states like Tripura and Meghalaya. Pant was delivering remarks at a conference focused on connectivity between India’s Northeast and Bangladesh, organized by Asian Confluence, a think-tank.

Also Read: 5.4 magnitude earthquake jolts north-east India, epicenter in Bangladesh On August 14, an earthquake of magnitude 5.4 on the Richter scale jolted the entire North-east India on Monday, according to the National Center for Seismology. The NCS reported that the earthquake hit at 8:19 PM on Monday. The earthquake hit 49 km South east of Cherrapunjee, Meghalaya.

China, an upper riparian nation, has built roughly eight hydroelectric power projects (HPPs) on the lower levels of the Brahmaputra; some of them are currently operational, others are being built, and one mega-dam is being considered, according to the Daily Mirror. According to Beijing's 14th Five-Year Plan (2021-25), the 9th projected 60 GW HPP could be constructed at the Great Bend in Motuo County of Linzhi Prefecture, Tibet.

Virat Kohli, known for his fitness commitment, continues to inspire fans with his rigorous workout routines shared on social media. Even on Independence Day, a national holiday, Virat hit the gym to maintain his form for the upcoming Asia Cup. Sharing a video on X (formerly Twitter), he said, "Chutti hai fir bhi bhaagna toh padega" along with emojis depicting a grinning face and a person running.

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

Mint had reported in January this year that the public sector Power Grid Corporation of India had prepared a preliminary report for the project. Mint reported that the interconnection would take place through overhead power lines and not subsea cables. Talks on establishing power grid connectivity have been on for over a decade now.

Guwahati: An earthquake measuring 5.4 on the Richter scale jolted Assam and Meghalaya on Monday, an official said. The quake was also felt in some parts of Manipur, Mizoram and Tripura.

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

Rajneesh Chopra, CEO, VA Tech Wabag, says: “We will definitely be able to achieve very close to a double digit EBITDA margins for FY24. Even if you see in the current quarter, it is at 9.8% which is not far from a double digit. Historically, also, our first quarter always has been a little muted.

Prachanda's China visit in September could result in a power trading agreement on the lines of the Himalayan nation's cross-border power trading agreement with India, signalling a balancing act by the former Maoist leader. Nepal wants to develop a cross-border transmission line with China via the border district of Rasuwa, which is expected to be signed during Prachanda's visit, according to Kathmandu-based sources. Nepal also wants to learn best practices in agriculture from China while simultaneously engaging with India in the same sector, according to one of sources quoted above.

₹3,275.1 crore marginally missed consensus estimate of ₹3,384 crore. While domestic demand held up well, C&B product exports dipped due to subdued demand in the overseas market. The C&B segment is a major contributor to Pidilite’s revenues and the rest comes from B2B, which faced headwinds due to lower demand from business dependent on exports.