In the financial year that ended in June, Bangladesh's garment exports totaled $27.94 billion (21.6 billion pounds), down 18% from the previous year
India's economic recovery would be sharper compared to Asian peers
On 'more appropriate' economic metric, Bangladesh has not surpassed India and is unlikely to be in future, former chief economic adviser Arvind Subramanian said on Saturday, asserting that GDP per capita is an estimate for one indicator of the average standard of welfare in a country. Congress leader Rahul Gandhi had taken a dig at the government over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a "solid achievement" of six years of the BJP's "hate-filled cultural nationalism". Government sources had emphasised that India's Gross Domestic Product (GDP) in terms of purchasing power parity was 11 times more than that of Bangladesh in 2019. "The India-vs.-Bangladesh GDP per capita comparison (post IMF WEO) has sparked anxiety & acrimony. But wrong numbers being compared... "NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikely to be in near future," Subramanian said in a ..
A bigger danger is that instead of taking corrective action, politicians may double down on past mistakes and seek salvation in autarky
Here's a selection of Business Standard opinion pieces for the day
Here's a selection of Business Standard opinion pieces for the day
India should learn from Bangladesh's resilience and growth
Bangladesh's Cabinet on Monday approved an amendment to introduce the death penalty for rape cases after a series of recent sexual assaults sparked nationwide protests. Bangladesh was rocked over the weekend by an unprecedented level of protest after footage of a brutal gang assault on a woman went viral on social media. Demonstrators carried signs reading "Hang the rapists" and "No mercy to rapists". The Cabinet unanimously endorsed the amended law... prescribing capital punishment for rape instead of (existing) lifetime rigorous imprisonment, Cabinet secretary Khandaker Anwarul Islam told a news briefing emerging from the meeting of the council of ministers. He added that during the Cabinet meeting, Prime Minister Sheikh Hasina emphasised on completing rape trials within the stipulated timeframe as well. Law minister Anisul Huq told PTI that the Women and Children Repression Prevention (Amendment) Bill was expected to receive President Abdul Hamid's approval by tomorrow to be ...
US Deputy Secretary of State, Stephen E. Biegun will be in India on a three-day visit next week that will focus on advancing the United States-India Comprehensive Global Strategic Partnership
Biegun would be in India from October 12 to 14, after which he will travel to Bangladesh on a two-day visit, according to an official announcement here on Friday
Further consolidating India's relations with Bangladesh at all levels will be his top priority, the new Indian envoy said as he termed the existing bilateral ties "beyond the strategic partnership"
A defunct railway link with Bangladesh is being revived with work on the Indian side of the border from Haldibari in north Bengal likely to be completed by December, a railway official said
Xi hailed the steady and long-term friendship saying he is ready to work with President Hamid to better align development strategies with Bangladesh
The navies of India and Bangladesh held a mega military exercise in the Bay of Bengal on Saturday in sync with their growing operational coordination
Union Minister Smriti Irani said various measures are being looked atto address the logistics challenges and reduce the turnaround time for seamless movement of cargo between India and Bangladesh
Recognising that terrorism remains a significant threat to global peace and security, both sides reiterated their strong commitment to eliminate it in all its forms and manifestations
Around 68% of the people who were working in Bangladesh's urban areas of Dhaka and Chittagong have lost their jobs due to the coronavirus pandemic
Bangladesh reported 1,540 new COVID-19 cases and 28 new deaths, making the tally at 355,384 and death toll at 5,072, the Directorate General of Health Services (DGHS) said
Bangladesh importers have been eagerly waiting for onion consignments to get cleared from Chittagong port, a day after the Indian government allowed pre-contracted onions to enter the markets
The incidents of killing criminals along the India-Bangladesh international front will be "made to reduce significantly", BSF chief Rakesh Asthana said on Saturday