Bangladesh Socio-Political Crisis 2024 and onwards

samejjangir said:
Indian raw cotton can be used by Indian textile industry itself. BD has LDC status which will give is benefit in trade. But if its prices increase, that benefit will be nullified. Not everything will go to India but shared by other low cost manufacturers like China, Pakistan also. But India will get 5-6 billion extra export while BD will lose 15billion export
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Do you know how economically illiterate you sound?

It is not a case that BD will be without cotton, but it will have to pay slightly higher prices for imported cotton from elsewhere due to extra transportation costs. Extra cotton import costs will not make a significant difference as that is only 15% of the total revenue generated by BD garment sales per year.

Why do you think that India will harm its own textile industry in order to benefit BD? Even the most friendliest countries do not operate this way.

Also it is not just a case of just having the raw material on hand, but being able to make the right product that the consumer wants. Indian never really focused on its textile industry like BD did and so that is the main reason they have not been as successful.

LDC status does not apply in USA and there it exports around Germany and UK combined.
 

Troubled Bangladesh’s economy bogged down by high unemployment, inflation​

Reuters
August 8, 2024

Garment workers come out of a factory during the lunch break as factories remain open despite a countrywide lockdown, in Dhaka, Bangladesh, July 6, 2021. — Reuters/File


Garment workers come out of a factory during the lunch break as factories remain open despite a countrywide lockdown, in Dhaka, Bangladesh, July 6, 2021. — Reuters/File

The student protests that forced Bangladesh Prime Minister Sheikh Hasina to quit and flee the country were also fuelled by tough economic conditions in what was once the world’s fastest-growing economy.


Under Hasina, Bangladesh has in recent years seen a sharp widening of its current account deficit, depreciation of the taka currency, and a decline in its foreign exchange reserves.

Readymade garments are a mainstay of Bangladesh’s economy, which is the third-largest exporter of clothing in the world.

Low wages have helped the country build the industry, but soaring living costs have sparked protests by garment workers calling for higher salaries.

The economy has slowed sharply since the Russia-Ukraine war pushed up prices of fuel and food imports, forcing Bangladesh to turn last year to the International Monetary Fund (IMF) for a $4.7 billion bailout.

In July, protests against job quotas in public sector jobs intensified amid stagnant job growth in the private sector as nearly 32 million young people are out of work or education in a population of 170 million.

The central bank held rates at 8.5 per cent in July, after raising them twice earlier this year.

Inflation stood at 9.72pc in June and the central bank aims to bring it to 6.5pc by fiscal 2025.

The country’s GDP rose to 6.1pc in the Jan-March quarter, according to data released in July.

IMF concluded a second review in June, giving the country immediate access to about $928 million in loans for economic support and about $220 million to combat climate change.

In the report, the IMF said it expects economic growth to be at 5.4pc in the fiscal year 2024, higher than 4.8pc recorded in the first half.
 

Bangladeshi actor Shanto Khan and father beaten to death during unrest in Dhaka​

Local media reports that Shanto and his father were trying to escape when they were confronted by an angry mob

News Desk
August 08, 2024

tribune


Bangladeshi actor Shanto Khan and his father Selim Khan, the chairman of Laxmipur Model Union Parishad and a film producer, were killed by a mob amidst the ongoing unrest in the country..

Local media reports indicated that Shanto and his father were trying to escape when they were confronted by an angry mob at Dhaka's Forkkabad Bazaar.

Despite firing shots in self-defence, they were attacked by another mob near Bagara Bazaar and beaten to death.

The news of their deaths shocked the Indian film industry.

Filmmaker Sudipto Sen condemned the killings and called for strong protests against the new regime in Bangladesh.

Sen expressed his grief on social media, describing the incident as horrendous and unacceptable.

Shanto Khan, who debuted in 2019 with "Prem Chor," had acted in several films including "Bikkhov" (2022) and "Bubujaan" (2023).

His father, Selim Khan, owned Shapla Media, a company that produced and distributed Bengali films.
 
ghazi52 said:

Bangladeshi actor Shanto Khan and father beaten to death during unrest in Dhaka​

Local media reports that Shanto and his father were trying to escape when they were confronted by an angry mob

News Desk
August 08, 2024

tribune


Bangladeshi actor Shanto Khan and his father Selim Khan, the chairman of Laxmipur Model Union Parishad and a film producer, were killed by a mob amidst the ongoing unrest in the country..

Local media reports indicated that Shanto and his father were trying to escape when they were confronted by an angry mob at Dhaka's Forkkabad Bazaar.

Despite firing shots in self-defence, they were attacked by another mob near Bagara Bazaar and beaten to death.

The news of their deaths shocked the Indian film industry.

Filmmaker Sudipto Sen condemned the killings and called for strong protests against the new regime in Bangladesh.

Sen expressed his grief on social media, describing the incident as horrendous and unacceptable.

Shanto Khan, who debuted in 2019 with "Prem Chor," had acted in several films including "Bikkhov" (2022) and "Bubujaan" (2023).

His father, Selim Khan, owned Shapla Media, a company that produced and distributed Bengali films.
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The context is the adulatory documentary made about Mujib by the father.

There is no reason why there should not be adulatory documentaries about Mujib. In this climate of hate for the Awami League, and for everything that it touched, however remotely, these incidents are inevitable. So, too, the attacks on Awami League members, and the attacks on Hindus who were activists of the League.

There is a general belief that Hindus supported the League, more than they supported any other political party or faction.

None of this should be construed as any kind of condonation of the mindless, brutal mob violence unleashed. Let us hope that the situation is brought under control soon.
 
Circadian Rhythm said:
Please go ahead

We would like a Pakistan like relationship with you also

But there is a small issue of 25 Lakh Medical visas that we give to Bangladesh
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That too can be replaced.

By either improving our medical system or sending our medical tourists to Thailand, their prices are similar.

25lakh medical visa you issue is not a favor to us, it's a favor you do to yourselves.
 
Bengal71 said:
That's manageable. We have no dependency whatsoever on India, if we so want.
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Not that simple as India is indispensible when it comes to areas like energy co-operation and it is the only non-western market that BD exports are above 1 billion US dollars a year.

World bank thinks that if BD was to sign a FTA with India, that would increase the current 2 billion dollars a year export to some 8 billion US dollars. India exports to BD would increase from 13 to around 30 billion US dollars a year on the other hand.

BD needs to have a balanced relationship with India if it is to continue to try to become a middle-income country.
 
Bengal71 said:
That too can be replaced.

By either improving our medical system or sending our medical tourists to Thailand, their prices are similar.

25lakh medical visa you issue is not a favor to us, it's a favor you do to yourselves.
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You have to count the Bangladeshi money spent at CMC Vellore, Apollo Hospital Chennai and the vast bulk of the medical system in West Bengal, and especially in Calcutta. Because of this huge number of patients from Bangladesh, these institutions flourish.
 
Thinking said:
So do illegals.
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The standard BJP panic. Nobody has counted them, measured them, but Indians actively, legally working in Bangladesh have been noticed, measured and counted. The number is not small, not in the hundreds, but in the thousands.

So less of the insinuations, and think of the consequences of all those Indians, legally working Indians, tax-paying Indians all suddenly losing their jobs.

Citing the results of a survey, a column in The Financial Express claims that as many as 500,000 Indians were staying illegally in Bangladesh in 2009.<a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-FE-1">[1]</a><a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-scroll-2">[2]</a> The article claims that they were found working in different establishments such as NGOs, garments, textile, and IT, and sent money back home through hundi transfer systems.<a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-FE-1">[1]</a> According to Daily Industry, there may have been one million Indians in Bangladesh illegally in 2022.<a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-3">[3]</a>
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The money has also been quantified:

Citing World Bank estimates, an article in Quartz India noted that in 2013, Bangladesh was the fifth-highest source of remittances to India. That year, Indians working in Bangladesh sent more than $3.7 billion back to India.<a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-scroll-2">[2]</a><a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-Quartz_India-5">[5]</a><a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-6">[6]</a> An op-ed article in The Daily Star mentions that this is the official figure. In contrast, the unofficial figure is estimated to be significantly more<a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-7">[7]</a> and the article claims that most of them came on tourist visas and tended to stay back. Bangladesh becomes 4th largest remittance source for India, remitting over $10.00 billion since 2017. Whereas, Bangladesh has fetched total of $18.53 billion remittance from whole world in last year and targets $26 billion for FY 2021-22. <a href="https://en.wikipedia.org/wiki/Indians_in_Bangladesh#cite_note-FE-1">[1]</a>
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It doesn't matter what random arseholes recite from their memorised Sanghi scripts, this is the reality according to neutral sources.
 
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