Page 14 - Muhammad Yunus

If Bangladesh becomes unstable...: Muhammad Yunus' warning for India

Nobel Peace Prize-winning economist Muhammad Yunus is set to lead Bangladesh's new interim government, which will be sworn in on Thursday

Muhammad Yunus returns to B'desh from Paris to take charge of interim govt

Nobel laureate Muhammad Yunus on Thursday returned to Bangladesh from Paris to take oath as the head of Bangladesh's interim government, three days after Sheikh Hasina resigned as Prime Minister and fled the country following widespread protests against her regime. Yunus, 84, who won the Nobel Peace Prize in 2006 for his pioneering work on microlending, was designated head of the interim government after President Mohammed Shahabuddin dissolved parliament on Tuesday. Yunus was in Paris for the Olympic Games. He returned to the country via Dubai. An Emirates flight (EK-582) carrying Yunus landed at Hazrat Shahjalal International Airport at 2:10pm local time. Army chief General Waker-Uz-Zaman, senior officials, student leaders and civil society members welcomed him at the airport. He will go directly to Bangabhaban, the Prime Minister's official residence. This interim government will lead the country for a certain period and oversee the election to transition power to an elected .

Bangladesh: What Muhammad Yunus said about Sheikh Hasina's stay in India

Ousted Bangladesh prime minister Sheikh Hasina's son, Sajeeb Wazed Joy, has said his mother has no immediate plans to leave India

Muhammad Yunus among over 2 dozen Nobel winners to head state: Check list

Amid crisis, Bangladesh President Mohammed Shahabuddin announced that Muhammad Yunus was appointed as the leader of Bangladesh's interim government

Bangladeshis spend sleepless night amid fears of robbery, looting

Several residents across Bangladesh spent a sleepless night as they gathered in groups to guard the streets amid fears of robbery and looting by criminals in the violence-hit country, where an interim government headed by Nobel laureate Muhammad Yunus is all set to take oath on Thursday. Security concerns have gripped the country since Prime Minister Sheikh Hasina's ouster on Monday as police observed a work abstention, citing fears for their safety amid reports of deadly attacks on security personnel. The Yunus-led interim government appointed by President Mohammed Shahabuddin who had dissolved the parliament - is set to take oath in the evening after weeks of tumultuous student protests that forced Hasina to resign and flee the country. The chaos and fear created by the deadly protests remained. Gangs of criminals have been looting and robbing homes in the absence of law enforcers over the last two days. Many residents spent a sleepless night on Wednesday amid fears of robbery a

Bangladesh awaits installation of interim govt after weeks of strife

Yunus and the Bangladesh Nationalist Party (BNP), Hasina's main political opponent, called for calm and an end to violence

Sheikh Hasina has no immediate plans to leave India, says ex-PM's son

Bangladesh crisis: Former Bangladesh Prime Minister Sheikh Hasina resigned on Monday and arrived at Hindon Air Base in Ghaziabad

Bangladesh crisis: Muhammad Yunus-led interim govt to be sworn in today

Sheikh Hasina, who led Bangladesh for four terms and was re-elected for a fifth, left the country on Monday amid escalating protests across the nation

Nobel winner Yunus to lead B'desh's interim govt after shunning politics

Muhammad Yunus, whose work alleviating poverty won him a Nobel Peace Prize, was named the head of a new interim government on Tuesday following the sudden ouster of Sheikh Hasina as prime minister

Nobel laureate Muhammad Yunus was arch foe of ousted Bangladesh PM Hasina

Their lending model has since inspired similar projects around the world, including developed countries like the United States where Yunus started a separate non-profit Grameen America

Rise of Muhammad Yunus, from Nobel Prize to Bangladesh's chief adviser

Muhammad Yunus is a distinguished social entrepreneur, banker, economist, and civil society leader, credited to be the 'banker to the poor' for establishing Grameen Bank

Bangladesh's protesters want Nobel laureate Yunus as interim govt chief

Nobel laureate Dr Muhammad Yunus will be the chief adviser to the interim government in Bangladesh, the coordinators of the Anti-Discrimination Student Movement announced on Tuesday. In a video posted on social media early Tuesday morning, Nahid Islam, one of the key coordinators of the movement, said that Prof Yunus has agreed to take on this crucial responsibility at the call of the student community to save the country, the Daily Star newspaper reported. "We took 24 hours to announce a framework for the interim government. However, considering the emergency situation, we are announcing it now," Nahid said. "We have decided that the interim government would be formed in which internationally renowned Nobel Laureate Dr Mohammad Yunus, who has wide acceptability, would be the chief adviser," said Nahid, flanked by two other coordinators. His announcement comes hours after President Mohammed Shahabuddin said an interim government would be formed after dissolving the parliament as so

B'desh court indicts Nobel laureate Muhammad Yunus on embezzlement charges

A special judge's court in Bangladesh indicted Wednesday Nobel laureate Muhammad Yunus and 13 others on charges in an over USD 2 million embezzlement case. Yunus, 83, who was awarded the Nobel Peace Prize in 2006 for pioneering microcredit to help impoverished people, especially women, pleaded not guilty and is out on bail for now. He told reporters that authorities were harassing him and other colleagues and denied being involved in any corruption. In a packed Dahka courtroom, Special Judge in Dhaka Syed Arafat Hossain dismissed petitions seeking the charges which centres around Yunus' non-profit Grameen Telecom to be dropped. The prosecution has accused Yunus and the others of embezzling 250 million takas (about USD 2 million) from the workers welfare fund of Grameen Telecom, which owns 34.2 per cent of the country's largest mobile phone company, Grameenphone, a subsidiary of Norway's telecom giant Telenor. They are also accused of money laundering. Hossain, the judge, said th

Bangladesh Nobel laureate Muhammad Yunus granted bail in embezzlement case

Senior Special Judge Ash-Shams Joglul Hossain of Dhaka Metropolitan passed the order after Yunus surrendered before the court and applied for bail

Bangladesh appeals court grants bail to Nobel laureate Yunus in labour case

An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country's labour laws. The court also agreed to hear an appeal against his sentencing. Yunus who pioneered the use of microcredit to help impoverished people, especially women, filed the appeal seeking bail on Sunday morning before it was granted. He was awarded the Nobel Peace Prize for his work in 2006. The 83-year-old economist and three other officials of the telecommunications company were sentenced to six months in prison on January 1, but they were immediately granted 30 days of bail to appeal the verdict and sentence. Sunday's court decision said the bail would remain effective until a final decision is made on the appeal for the sentencing. Defence lawyer Abdullah Al Mamun said the first hearing on the appeal would be held on March 3. The case involves Grameen Telecom, which Yunus founded as a non-profit ...

TMS Ep600: PV growth, climate change authority, markets, Muhammad Yunus

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Bangladesh court sentences Nobel laureate Yunus to 6 months in jail

A labour court in Bangladesh's capital on Monday sentenced Nobel Peace Prize winner Muhammad Yunus to six months in jail for violating the country's labour laws. Yunus, who pioneered the use of microcredit to help impoverished people, was present in court and was granted bail. The court gave Yunus 30 days to appeal the verdict and sentence. Grameen Telecom, which Yunus founded as a non-profit organisation, is at the centre of the case. Sheikh Merina Sultana, head of the Third Labour Court of Dhaka, said in her verdict that Yunus' company violated Bangladeshi labour laws. She said at least 67 Grameen Telecom workers were supposed to be made permanent employees but were not, and a "welfare fund" to support the staff in cases of emergency or special needs was never formed. She also said that, following company policy, 5 per cent of Grameen's dividends were supposed to be distributed to staff but was not. Sultana found Yunus, as chairman of the company, and three other company director

Nobel Peace laureate Muhammad Yunus convicted, to face jail in Bangladesh

Yunus was awarded the Nobel Prize for Peace in 2006 for pioneering the use of microcredit and lifting millions out of poverty

Financial systems have design flaws, Covid has revealed weaknesses: Yunus

In a conversation with Congress leader Rahul Gandhi, Yunus called for making a new beginning towards a system that will create space for the informal and rural economy and all sections of society