Page 65 - Bangladesh

Trade settlement in INR btw India-Bangladesh to boost commerce: CII EXIM

India and Bangladesh commencing cross-border trade settlement in Indian rupee (INR) would promote two-way commerce by reducing transaction cost, an industry official said on Sunday. CII national committee on EXIM Sanjay Budhia said that since all exports and imports and settlement of trade transactions under this arrangement may be denominated and invoiced in INR, this would also reduce dependence on the US Dollar and would address situations like scarcity of forex reserves apart from strengthening regional currency and trade. In July, Bangladesh and India launched trade transactions in rupees with the aim of reducing dependence on the US dollar and strengthening regional currency and trade. This is the first time Bangladesh has done bilateral trade with a foreign country in addition to the US dollar. "This would certainly promote the growth of trade between the nations and support the increasing interest of the global trading community in INR," Budhia said adding due to this ...

Pristyn Care commences operation in Bangladesh; lines up Rs 100 cr

Healthcare delivery startup Pristyn Care on Thursday said it has commenced operations in Bangladesh and will invest Rs 100 crore over the next two years to expand operations in the neighbouring country. The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024. It also aims to hire 200 employees across various departments as part of the expansion plans. "With the country's (Bangladesh) healthcare market expected to reach USD 14 billion by the end of 2023, we are committed to the growth of healthcare in Bangladesh. Over the next two years, we'll invest Rs 100 crore to establish a robust healthcare infrastructure," Pristyn Care Co-Founder Harsimarbir Singh said in a statement. The investment would be utilised to set up patient care centres, he added. Pristyn Care caters to advanced secondary care surgeries with the help of over 400-plus in-house super-speciality surgeons across hundreds of partner hospitals and clinics.

Missteps in Manipur may introduce dangerous dynamics in NE politics

Any demand for a separate ethnic state for the Zo people carved out of India, Myanmar and Bangladesh could rapidly worsen the security situation in India's northeast

Will hold talks with other nations to resolve Rohingya crisis: EU official

Eamon Gilmore, European Union's Special Representative for Human Rights spent a full day in Cox's Bazar and met the Rohingyas who fled from Myanmar over the past six years

Four explosions reported in Bangladesh's Aminbazar, 6 crude bombs recovered

The explosions of the crude bomb-like items occurred on the road in front of a filling station in Aminbazar on the Dhaka-Aricha highway at around 2 pm (local time) on Saturday

Air India to launch Delhi-Dhaka direct flight from September 15 this year

Passengers can book tickets for this route on Air India's website, mobile app, and travel agents

BHEL synchronises Unit-2 of Maitree thermal power project in Bangladesh

State-owned engineering firm Bharat Heavy Electricals on Wednesday announced synchronisation of 660-MW unit-2 of the 1,320-MW Maitree Super Thermal Power Project (STPP) with the electricity grid in Bangladesh. Synchronisation of a thermal power plant means beginning of electricity supply through main grid at prescribed parameters. The synchronisation of the unit has been done ahead of the commitment given at a high level G2G meeting, which was a very tough target even at the time it was given, a company statement said. Bharat Heavy Electricals Ltd (BHEL) has achieved a major milestone with the successful synchronisation of the 660-MW Unit-2 of the 1,320-MW Maitree Super Thermal Power Project (STPP) in Bangladesh, it stated. Maitree STPP is located at Rampal, Mongla, Bagerhat, Bangladesh, and is being set up by BHEL for the Bangladesh-India Friendship Power Company (BIFPCL), a 50:50 joint venture between the Bangladesh Power Development Board (BPDB) and NTPC Ltd. The project is a .

S&P revises outlook on B'desh to negative; affirms 'BB-' long term ratings

Bangladesh's external vulnerabilities are rising, marked by sustained pressure on its foreign exchange reserves despite a material decline in the country's current account deficit

Nobel laureate Yunus loses legal battle, has to pay $1.1 mn in taxes

The microfinance pioneer was awarded the Nobel Peace Prize in 2006 for his work promoting economic development

Bangladesh to launch 3 infra projects during PM Hasina's India visit

Three projects are namely; Maitree Super Thermal Power Plant-2, 65-kilometre-long Khulna-Mongla Port Railway Link, Akhaura (Bangladesh) and Agartala (India) Railway Link

Bangladesh to launch 3 major infrastructures with Indian aid in September

Bangladesh is set to launch three major infrastructure projects, including a power plant, under India's financial assistance in September, a senior official said on Tuesday after the Indian High Commissioner here called on the country's Prime Minister Sheikh Hasina. Indian High Commissioner in Dhaka Pranay Verma called on Prime Minister Hasina at her Ganobhaban official residence and discussed issues such as the Taka-Rupee exchange system between Bangladesh and India, connectivity, and ongoing projects under the Indian Line of Credits and grants. During the meeting, both the Bangladesh prime minister and the Indian envoy expressed satisfaction over the state of the bilateral relations, Bangladesh premier's press secretary Ihsanul Karim said. Sheikh Hasina wished India will raise voice, particularly for the Global South alongside the entire world, during the upcoming G20 Summit in New Delhi, Karim said. A spokesman at Bangladesh premier's office said Verma informed Hasina that two .

EAM meets counterparts from Nepal, Bangladesh; discusses ongoing bilateral

External Affairs Minister S Jaishankar on Monday met his counterparts from Nepal and Bangladesh here and agreed to work closely to implement the agenda of cooperation set out by the leaderships and exchanged views on regional issues. Jaishankar is here in the capital of Thailand and participated in the BIMSTEC retreat. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional grouping that comprises India, Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal and Bhutan. The seven countries are home to 1.73 billion people and have a combined gross domestic product of more than USD 4 trillion. "Good meeting with Nepal Foreign Minister Narayan Prakash Saud. Agreed to work closely to implement the agenda of cooperation set out by our leaderships. Look forward to remaining in touch," Jaishankar tweeted along with pictures. The minister also met Bangladesh Foreign Minister Abdul Momen. "Pleased to meet Bangladesh Foreign Minister Abdul Momen.

Bangladesh diplomat Golam Sarwar appointed next SAARC secretary general

Bangladesh on Thursday announced the appointment of career diplomat Mohammad Golam Sarwar as the Secretary General of the South Asian Association for Regional Cooperation (SAARC). "He (Sarwar) will be the fifteenth in the list of succession and third Bangladeshi to assume this position of the regional organisation, Bangladesh's foreign ministry said in a statement. A career diplomat, Sarwar is currently serving as Bangladesh's ambassador to Malaysia. His appointment came in line with the SAARC charter's rotating system for the position from among the eight member countries with India and Pakistan being the major ones. He previously served as Bangladesh's ambassador to Oman and Sweden. SAARC was founded in 1985 largely under Bangladesh's initiative for regional cooperation in the economic, technological, social, and cultural arena while heads of governments of the member states are scheduled to meet annually. The SAARC has not been very effective since 2016 as its biennial summits

Bangladesh, India launch trade transactions in rupees to lower dollar use

Bangladesh and India on Tuesday launched a much-anticipated trade transaction in rupees, a move aimed at reducing dependence on the US dollar and strengthening regional currency and trade. This is the first time Bangladesh has done bilateral trade with a foreign country in addition to the US dollar. Bangladesh Bank Governor Abdur Rouf Talukder described the start of trade settlement in rupees as the "first step in a great journey". "The trade position between India and Bangladesh has seen remarkable growth, with both countries benefiting from their economic cooperation," he said at the launching ceremony here, which was also attended by Indian High Commissioner Pranay Verma. The central bank governor said the transaction costs during trade with India would reduce with the introduction of the Taka-Rupee dual currency card which was "almost ready (to be) launched from September". Bangladesh and India, however, stage frontier trading in certain areas called "border hut" in a semi-for

Bangladesh set to settle trades in rupee with India using nostro accounts

Bangladesh Bank and the Indian High Commission are expected to announce the news regarding the Indian currency at an event at Le Meridien Hotel in Dhaka tomorrow

US diplomat in charge of democracy to visit India, Bangladesh from Jul 8-14

A senior US diplomat in charge of democracy and human rights will visit India and Bangladesh from July 8 to 14 to engage with civil society organisations on freedom of expression and association, and inclusion of women and girls and vulnerable groups, the State Department has said. In India, she will also meet with senior government officials to discuss the deepening US-India partnership, the State Department said in a release on Friday. Under Secretary for Civilian Security, Democracy and Human Rights and US Special Coordinator for Tibetan Issues Uzra Zeya will travel to India and Bangladesh from July 8 to 14 to engage with civil society organisations on freedom of expression and association, and inclusion of women and girls, persons with disabilities and vulnerable groups, including marginalised religious and ethnic minorities, it said. "In India, she will meet with senior government officials to discuss the deepening and enduring US-India partnership, including advancing shared .

Scientists embark on expedition onboard India's research vessel Sagar Nidhi

The scientists will collaboratively research ocean data to predict and manage changes in the marine environment

Harmanpreet Kaur to lead as BCCI announces ODI, T20I squad for Bangladesh

The Board of Control for Cricket in India (BCCI) on Sunday announced the Indian Women's ODI and T20I squad for their upcoming tour of Bangladesh

ADB approves $50 million loan to help Nepal in making policy reforms

The Asian Development Bank (ADB) on Thursday said it has approved a USD 50 million loan to the Nepal government to support the implementation of policy reforms and help improve the Himalayan nation's domestic and international trade with its key economic partners like India and Bangladesh. The development of the trade and industry sector will boost competitiveness and help steer the country toward sustainable economic growth, said ADB South Asia Department's Director of Regional Cooperation and Operations Coordination, Thiam Hee Ng. Furthermore, improved trade facilitation can boost exports and help address Nepal's balance of payment, he said. In fiscal year 2022, trade and industry contributed 14.1 per cent to Nepal's gross domestic product (GDP). The Nepal government is pushing to increase the contribution of trade to the country's GDP by improving the trade and export promotion environment and strengthening the supply chain of primary products, according to an ADB press ...

Adani Power commences export to Bangladesh from Jharkhand's Godda plant

Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday. The reliability run test, including commercial operation tests of the second unit of Godda power plant, was completed on June 25 in the presence of Bangladesh Power Development Board (BPDB) and Power Grid Corporation of Bangladesh (PGCB) officials. On April 6, the first unit of the power plant, with 800MW capacity, had achieved its COD. Power supply from the Godda plant to Bangladesh will further enhance energy security in the neighbouring country, it said. "APJL shall supply 1,496 MW net capacity power from 2x800 MW Godda USCTPP under the PPA with BPDB executed in November 2017 for a period of 25 years via 400 kV dedicated transmis