India retains the tag of the fastest growing country among the world's major emerging economies
A Bangladeshi commission has proposed the government takeover or split the Nobel-award-winning Grameen Bank into 19 parts, sparking criticism with several analysts fearing it to be a systematic move to destroy the pioneering micro lending agency.
In 2017 the Bangladesh supreme court on his watch annulled the 16th amendment to the constitution which empowered parliament to impeach SC judges for misconduct or incapacity. As it upheld the independence of the judiciary, it miffed Prime Minister Sheikh Hasina, who accused Justice Sinha of 'humiliating' the country. He was accused of corruption and misuse of power, allegations that he denied. Prakash Bhandari reports.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
'China seems more intent on creating a new world order rather than shaping the existing one.' 'India is of course, at this moment in time, aligned with the West-led order because of China's full-spectrum aggressive behaviour towards India.'
Indian banks are knocking the regulator's doors, seeking approval to open branches in Dhaka, the capital of Bangladesh, as they sense an opportunity to cater to the business community involved in the trade of non-Basmati rice.
A day ahead of a crucial G20 meeting, External Affairs Minister S Jaishankar on Wednesday evening hosted a welcome dinner for the foreign ministers attending the deliberations but the reception was missed by his counterparts from the US, China, Germany and France.
Indian banks have the potential to go global, says ICICI Bank chief Chanda Kochhar.
Nobel laureate Muhammad Yunus enjoys great respect in the US for all of his work to help the poor in Bangladesh.
K V Kamath to take charge of BRICS Bank in July.
Mumbai Indians face an uphill task against the firepower of Kolkata Knight Riders batters when the teams clash in Mumbai on Sunday in the Indian Premier League, with both former champions looking to get their campaigns back on track.
Chief Minister Himanta Biswa Sarma said two major terror modules were busted in the state in a "nationally coordinated operation".
If they will allow I will speak inside the parliament, the Wayanad MP said.
Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
It was in Kolar in 2019, during Lok Sabha election campaigning, that he made a remark on the Modi surname for which he was convicted of criminal defamation and stripped of his Parliament membership last month.
Nobel peace prize winner Muhammad Yunus, who has been ousted as Grameen Bank managing director, tells Business Standard he hopes the bank continues to be run by the poor of Bangladesh.
A decline in demand from six of India's top 10 import partners -- China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore -- resulted in India's imports hitting a 17-month low of $50.6 billion in January, showed the data compiled by the department of commerce. Shipments from South Korea, Australia, and Singapore declined by 14.1 per cent, 26.7 per cent, and 9.8 per cent, respectively. Among the 10, growth in inbound shipment was seen only in the case of the United Arab Emirates (12.1 per cent), the US (27.4 per cent), Russia (297.4 per cent), and Indonesia (22.9 per cent).
'For the common man, the economic conditions are not going to get better.'
The meeting is believed to be called to chalk out the strategy of the Opposition in Rajya Sabha on Monday.
The indictment comes seven months after another Dhaka court issued an arrest warrant against the 69-year-old ex-chief justice who lives in the United States
The United Bank of India on Tuesday said it was planning to open 12 new branches, including one each in Bangladesh and Burma.
When it comes to issue of women's jobs, there is quite a bit of anomaly in India.
'The 1971 War was our greatest military victory.' 'It had so many stories of exceptional valour and leadership.'
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The World Bank in its report said the relative importance of remittances as a source of external resources is expected to increase further.
The slowdown in global remittance flows that became evident in the last quarter of 2008 has continued in the first half of 2009. However, South Asian countries like India, Pakistan and Bangladesh have continued to post strong growth till now because of remittances from the Gulf region.
West Indies selectors called off spinner Omari Banks into their squad on Tuesday for the second Test against Bangladesh at Kingston, Jamaica.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
'There are many things we need to work on.' 'At the heart of it is, one, the extent of inequality, which is not good for democracy and nation; two, a structural decline on how a country ought to function, how people should be held accountable, whose role is what.'
England players were in demand as batter Harry Brook earned a Rs 13.25 crore winning from Sunrisers Hyderabad.
The poor and unbanked can take their rightful place as consumers of financial services only if the Modi government encourages different entities to advance the financial inclusion agenda, say Vikram Gandhi & Chandni Ohri.
Modi claimed that some other parties were also helping the opposition alliance from behind but any vote for them will take Tripura several years backward.
Investors believe Indian is a tough place to do business with.
The number of Indians over 15 either working or looking for work is lower as a percentage than in the United States, China, Bangladesh or Pakistan, points out Aakar Patel.
After 2014, our growth has been average of around 5%. If this continues, we will remain here like Egypt, Brazil, South Africa and Bangladesh, points out Aakar Patel.
Nobel Laureate Muhammad Yunus, founder of the micro-credit pioneer Grameen Bank in Bangladesh, hit out at banks on Friday for not providing loans to the poor and disadvantaged.
Backed by the China-plus-one policy, India's textile and apparel exports have seen a 53 per cent growth during the April-November period of the current fiscal year at around $26 billion. This compares to the figure of $17 billion during the same period in FY21. According to Wazir Textile Index, all major companies including Welspun, Vardhman, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg and Indorama have posted higher sales during the first half of the current fiscal year compared to the pre-pandemic year.
'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
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