<keyword id="19936600" type="General" weightage="20" keywordseo="Dhaka" source="keywords">Dhaka</keyword> [Bangladesh], August 8 (ANI): <keyword id="19931890" type="General" weightage="20" keywordseo="Nobel-Laureate" source="keywords">Nobel Laureate</keyword> <keyword id="20856675" type="General" weightage="20" keywordseo="economist" source="keywords">economist</keyword> <keyword id="20024384" type="General" weightage="100" keywordseo="Muhammad-Yunus" source="keywords">Muhammad Yunus</keyword> is expected to return to <keyword id="19919639" type="General" weightage="20" keywordseo="Bangladesh" source="keywords">Bangladesh</keyword> on Thursday, Bangladesh-based Dhaka Tribune reported. Yunus will arrive at Hazrat Shahjalal International Airport in Dhaka on an <keyword id="21090062" type="General" weightage="20" keywordseo="Emirates-flight" source="keywords">Emirates flight</keyword> from Dubai at 2.10 pm, subject to the flight being on time, Dhaka Tribune reported, quoting a statement from <keyword id="22708944" type="General" weightage="20" keywordseo="Yunus-Centre" source="keywords" meta.keywordsubtype="org" meta.entityname="Yunus Centre" meta.hostid="153" meta.entityid="Yunus Centre">Yunus Centre</keyword>. Yunus' return comes as he is set to take on a significant role as head of the <keyword id="21030472" type="General" weightage="20" keywordseo="interim-government" source="keywords">interim government</keyword>, following a meeting with President Mohammed Shahabuddin. Nahid Islam, a coordinator of the Anti-Discrimination Student Movement, said that the oath-taking ceremony for Yunus, proposed as head of the interim government during a meeting with President Mohammed Shahabuddin, will take place the following day, Dhaka Tribune reported. In a statement issued on Wednesday, Yunus Centre congratulated the students who played a key role in achieving the Second Victory Day and urged the public to avoid violence. "I congratulate the brave students who took the lead in making our Second Victory Day possible and to the people for giving your total support to them. Let us make the best use of our new victory. Let us not let this slip away because of our mistakes. I fervently appeal to everybody to stay calm. Please refrain from all kinds of violence. I appeal to all students, members of all political parties and non-political people to stay calm," the statement read. The statement highlighted the country's potential and urged the population to focus on building a better future. "This is our beautiful country with lots of exciting possibilities. We must protect and make it a wonderful country for us and for our future generations," Yunus Centre added in its statement. Yunus Centre further said that violence is their enemy. "Our youth is ready to give this leadership in creating a new world. Let us not miss the chance by going into any senseless violence. Violence is our enemy. Please don't create more enemies. Be calm and get ready to build the country. If we take the path of violence everything will be destroyed. Please stay calm. Help those around you to stay calm," it added.

Muhammad Yunus to return to Bangladesh on Thursday, set to lead interim government

<keyword id="19931890" type="General" weightage="20" keywordseo="Nobel-laureate" source="keywords">Nobel laureate</keyword> <keyword id="20024384" type="General" weightage="20" keywordseo="Muhammad-Yunus" source="keywords">Muhammad Yunus</keyword> on Thursday returned to <keyword id="19919639" type="General" weightage="20" keywordseo="Bangladesh" source="keywords">Bangladesh</keyword> from <keyword id="19916613" type="General" weightage="20" keywordseo="Paris" source="keywords">Paris</keyword> to take oath as the head of Bangladesh's <keyword id="21030472" type="General" weightage="20" keywordseo="interim-government" source="keywords">interim government</keyword>, three days after <keyword id="20024637" type="General" weightage="20" keywordseo="Sheikh-Hasina" source="keywords">Sheikh Hasina</keyword> 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 government. President Mohammed Shahabuddin will administer the oath of office to the new government. The Army chief on Wednesday said the oath-taking ceremony will likely be held in the evening in the presence of some 400 dignitaries. He hinted that the interim government may have 15 members for now. He, however, did not disclose their names and the possible tenure of the government. The Army chief hoped that normalcy would return within three to four days as the situation across the country is improving significantly. Yunus, whose name was first proposed for the top job by the coordinators of the student movement that led to Hasina's ouster, on Wednesday congratulated the "brave students" who took the lead in making, what he said, "our Second Victory Day possible", and appealed to all students, political parties and non-political people to stay calm. "Let us not miss the chance by going into any senseless violence. Violence is our enemy. Please don't create more enemies. Be calm and get ready to build the country," he said in a statement. "If we take the path of violence everything will be destroyed. Please stay calm. Help those around you to stay calm." His successful anti-poverty campaign through the Grameen Bank became a model which was replicated across continents. He had been in a protracted row with Hasina's government due to obscure reasons while authorities initiated a series of investigations against him after she came to power in 2008. Bangladesh authorities launched a review of the statutory Grameen Bank's activities in 2011 and fired Yunus as its founding managing director on charges of violating the government retirement regulation. Yunus was charged under dozens of cases during Hasina's regime. In January, a court sentenced Yunus to six months in jail on charges of labour law violation. Many people believe Hasina became enraged when Yunus announced that he would form a political party in 2007 when a military-backed government ran the country and Hasina was in prison. 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Nobel laureate Muhammad Yunus returns to Bangladesh from Paris to take charge of interim government

Dhaka: <keyword id="19919639" type="General" weightage="20" keywordseo="bangladesh" source="keywords">Bangladesh</keyword>'s garment industry, a vital economic pillar, is facing a severe crisis due to a volatile mix of <keyword id="20444027" type="General" weightage="20" keywordseo="political-unrest" source="keywords">political unrest</keyword>, including violent protests, and catastrophic flooding, threatening to unravel years of rapid growth and global prominence. The textile and garment industry, which accounts for over 80 per cent of Bangladesh's total export earnings and contributes approximately 11 per cent to the nation's GDP, has been hit hard. This industry contributes significantly to export earnings and employs millions. Following the unprecedented anti-government protests, which reached a crescendo on August 5, Sheikh Hasina resigned as prime minister and fled the country. She landed in India on August 5 and is currently staying there. The two-month-long anti-quota protests have led to widespread demonstrations, curfews, and violence. This unrest has not only disrupted factory operations but has also caused significant economic losses. Factories were forced to close, and with the peak season for Christmas shipments and the booking of next season's orders upon us, the timing of the unrest has exacerbated the crisis. The Bangladesh Garment Manufacturers and Exporters Association (<keyword id="22930680" type="General" weightage="20" keywordseo="BGMEA" source="keywords">BGMEA</keyword>) recently has reported substantial financial losses, estimating a shortfall of Tk 6,400 crore (approx Rs 4,500 crore) due to the shutdowns and communication breakdowns. Khandoker Rafiqul Islam, the newly elected president of the BGMEA, mentioned that the goal of reaching nearly USD 45 billion in exports this year may not be achieved. He attributed this to disruptions in both export activities and production. "I think this is a temporary crisis and we will tide over it. The exact magnitude of the losses will be known later, but yes, there has been an impact," he told PTI. Echoing similar sentiments, former cabinet minister and president of BGMEA, Gholam Sarwar Milon, said the garment industry has been badly hit by both the political unrest and the floods, as both production and the supply chain of raw materials have been severely affected. "The crisis in the garment industry is unprecedented. Production is nearly 15-20 per cent less than the corresponding period last year. Several orders have dried up as investors and order suppliers are wary about investing. Several small factories have either closed down or are working on sub-contracts for big factories," he told PTI. According to BGMEA sources, out of 3,000 major and small garment factories in Bangladesh, nearly 800-900 have closed since last year. "The big factories have survived, but the small and medium factories have borne the brunt. If the situation persists, it will worsen further," he said. Milon suggested that the garment industry needs to diversify into making jute bags and other high-end clothing and also look for new markets. The Bangladesh Textile Mills Association has projected losses of around USD 58 million. The impact on the industry is compounded by the recent flooding, which has further disrupted logistics and exacerbated the economic fallout. Bangladesh's main port, Chattogram, through which more than 90 per cent of the country's international trade transits, has become a focal point of the chaos. The port's operations were paralysed during the political unrest, leading to significant delays in shipments. Factories have struggled to maintain production schedules, and backlogs at ports and airports have stretched to a month in some cases. To mitigate the damage, factories have turned to air freight and extended working hours, but these measures have not fully alleviated the delays. The president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Mohammad Hatem, said orders are down by 15-20 per cent. "The industry has incurred huge losses in the last few months. In 2014, during political unrest, we suffered a similar situation. It then took us three years to return to the previous state. We hope to tide over the situation soon as Chief Advisor <keyword id="20024384" type="General" weightage="20" keywordseo="muhammad-yunus" source="keywords">Muhammad Yunus</keyword> is taking several steps to restore normalcy," he told PTI. Hatem feels that if the situation is not overcome soon, there is a growing perception that foreign investors might look at new markets in other South Asian nations. "However, other South Asian markets don't have the infrastructure like Bangladesh, which has such huge production capacity," he said. The garment industry's workforce, which employs over 4 million people directly and nearly 15 million indirectly, with a significant proportion of women, faces mounting uncertainty. The sector's remarkable growth over the past two decades-from USD 5 billion in exports in 2001 to nearly USD 40 billion in 2023-now stands at risk. The floods have compounded the challenges, causing damage to infrastructure and further complicating logistics. Monsoon rainfall-triggered floods in deltaic Bangladesh and upstream Indian regions have killed several people and marooned or affected nearly 3 million others in Bangladesh, posing a huge administrative challenge to the newly installed interim government amid a political transition. "Due to the floods, the supply chain has been badly affected. We reached a high in 2023-24 where our garment exports touched around USD 46 billion. This time it is likely to be much less," said former army major and owner of a woollen garment factory, Mahfuzur Rehman. The sector's growth from a small-scale operation in the early 1980s to becoming the world's second-largest apparel exporter, after China, underscores its strength. In the financial year 2009, Bangladesh's apparel exports were valued at USD 12 billion. By the financial year 2023-24, this figure had surged to over USD 46 billion, reflecting the industry's capacity for recovery and growth even amid adversity. In response to the crisis, the interim government, now led by Nobel Peace Prize-winning economist Muhammad Yunus, has prioritised restoring order and stability. According to garment industry insiders, the path to recovery is fraught with challenges as the political instability has undermined investor confidence, and the recent flooding has further strained the already fragile infrastructure. "The sector's resilience will be tested as it attempts to regain its footing and restore its reputation as a reliable global supplier," a garment industry owner, who did not wish to be named, said. He added that despite the current crisis, Bangladesh's textile and garment industry has shown great strength and the ability to recover in the past.

Bangladesh garment industry faces crisis amid political unrest and floods

Dhaka [Bangladesh], August 6 (ANI): Leaders of the <keyword id="22668835" type="General" weightage="20" keywordseo="Anti-Discrimination-Student-Movement" source="keywords" meta.keywordsubtype="org" meta.entityname="Anti-Discrimination Student Movement" meta.hostid="153" meta.entityid="Anti-Discrimination Student Movement">Anti-Discrimination Student Movement</keyword> have proposed an <keyword id="21030472" type="General" weightage="20" keywordseo="interim-government" source="keywords">interim government</keyword> led by <keyword id="24954" type="General" weightage="20" keywordseo="Nobel-Laureate" source="Orion">Nobel Laureate</keyword> Dr <keyword id="83501" type="General" weightage="100" keywordseo="Muhammad-Yunus" source="Orion">Muhammad Yunus</keyword>, in a bid to address <keyword id="19919639" type="General" weightage="20" keywordseo="Bangladesh" source="keywords">Bangladesh</keyword>'s ongoing challenge, <keyword id="20085396" type="General" weightage="20" keywordseo="Dhaka-Tribune" source="keywords" meta.keywordsubtype="org" meta.entityname="Dhaka Tribune" meta.hostid="153" meta.entityid="Dhaka Tribune">Dhaka Tribune</keyword> reported. This announcement was made in a video message released early hours of Tuesday by key <keyword id="21052436" type="General" weightage="20" keywordseo="student-leaders" source="keywords">student leaders</keyword> <keyword id="22677674" type="General" weightage="20" keywordseo="Nahid-Islam" source="Orion">Nahid Islam</keyword>, Asif Mahmud, and Abu Bakar Mazumdar. Earlier on Monday night, Nahid had announced that an outline for an interim government would be formulated within the next 24 hours, as per Dhaka Tribune. This comes after the announcement of <keyword id="807231" type="General" weightage="20" keywordseo="Bangladesh-Prime-Minister" source="Orion">Bangladesh Prime Minister</keyword> <keyword id="20024637" type="General" weightage="20" keywordseo="Sheikh-Hasina" source="keywords">Sheikh Hasina</keyword>, who resigned from her position and departed Bangladesh. Hasina's exit came after hundreds of people were killed in a crackdown on demonstrations that began as protests against job quotas and swelled into a movement demanding her downfall. However, as widespread violence persisted throughout the night in Bangladesh, the coordinators decided to announce their stance as quickly as possible, even in the middle of the night. President Mohammed Shahabuddin on Monday night gave his nod to form an interim government to run the country. Following this, a meeting was held at Bangabhaban, the presidential palace, to address the country's deteriorating law and order situation. Attendees included the chiefs of the Army, Navy, and Air Force, political party leaders, and civil society members. This decision was made during a meeting at Bangabhaban after discussing the current situation with the chiefs of the Army, Navy, and Air Force, leaders of various political parties, and members of civil society, according to a press release signed by Muhammad Shiplu Zaman, Assistant Press Secretary of Bangabhaban. The Army has been tasked with stopping the vandalism and ensuring law enforcement, which deteriorated severely after Sheikh Hasina left the country Monday afternoon. Meanwhile, Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir has announced that Tarique Rahman, the party's acting chairman, will be returning to the country very soon. He disclosed this information to the media on Monday at 9:30 pm. The BNP leader said, "You all know that our leader, Tarique Rahman, has been unjustly exiled abroad due to false cases. He has fully supported this movement, and we have taken steps to bring him back to the country immediately. Insha'Allah, we will be successful." Mirza Fakhrul added: "It has been decided that our leader Begum Khaleda Zia will be released immediately. Those who were imprisoned for political reasons will also be released. Now, in the current situation, all political parties, students, and the public will work together to control it." Addressing the nation, he said: "We have achieved a great victory, a great success. To maintain this success, let's show restraint, not act out of anger or hatred, not attack anyone, and not damage any institutions. Especially, let's not attack our religious minority brothers." Mirza Fakhrul further commented that protecting minorities is everyone's responsibility, stating: "It is our sacred duty to protect them. I urge everyone in our party not to give the opportunity to miscreants to harm others."

Student leaders call for Nobel Laureate Muhammad Yunus to head Bangladesh's interim government

<keyword id="19936600" type="General" weightage="20" keywordseo="Dhaka" source="keywords">Dhaka</keyword>: Several residents across Bangladesh spent a sleepless night as they gathered in groups to guard the streets amid fears of robbery and <keyword id="20721949" type="General" weightage="20" keywordseo="looting" source="keywords">looting</keyword> by criminals in the violence-hit country, where an <keyword id="21030472" type="General" weightage="20" keywordseo="interim-government" source="keywords">interim government</keyword> headed by Nobel laureate <keyword id="20024384" type="General" weightage="20" keywordseo="Muhammad-Yunus" source="keywords">Muhammad Yunus</keyword> is all set to take oath on Thursday. <keyword id="20083313" type="General" weightage="20" keywordseo="security-concerns" source="keywords">Security concerns</keyword> 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 <keyword id="21440425" type="General" weightage="20" keywordseo="student-protests" source="keywords">student protests</keyword> 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 and looting. From one end of Dhaka to another, particularly Uttara to Mohammadpur, people were concerned about their safety. Facebook users were posting in different groups and streaming live. Residents in many areas, including in Uttara and Mohammadpur, formed neighbourhood watch groups to stand guard, bdnews24.com news portal reported. Nazvi Islam, a part-time teacher at Dhaka University and resident of Mohammadpur's Bosila, said that robbers had terrorised the area on Tuesday night. Mosques were regularly making announcements, asking everyone to remain on alert. On Wednesday night, residents gathered in groups to guard the streets with sticks and bats. Hundreds of students from the local madrasa also came to guard the area. After standing watch all night, they returned home in the morning. The students divided themselves into small groups and guarded the government buildings and public properties. Zakirul Islam, a resident of Chanmia Housing in Mohammadpur, said guards were posted at the gates to the housing area on Wednesday night, but residents still could not sleep due to fear. Abir Hossain, a resident of Mirpur-14, where many government officials live, says that everyone panicked when news spread that robbers had entered their housing complex. "Last night, a group of people carrying local weapons came and attacked a neighbouring house. They forcefully opened the main gate and looted cash and jewellery," The Daily Star newspaper quoted a resident of the Naboday Housing area as saying. Many Facebook users posted or live-streamed videos of robbers attacking a building in the ECB Chattar area adjacent to the Mirpur cantonment. Sounds of Army patron sirens could be heard in the videos. People posted on Facebook about the attacks and robberies throughout the night. Many have questioned where so many robbers had sprung up from. Most ATMs were out of cash and even many bank branches were running low on cash as the money supply had been disrupted due to inadequate security, The Daily Star reported, citing bankers. "Overall, I visited almost 10 booths but failed to withdraw a single penny. Either they had run out of money or restricted the use of ATM cards issued by other banks," Nasir Hossain, a resident of the capital's Dhanmondi area, was quoted as saying by the paper. Managing Director of Pubali Bank Mohammad Ali said although there is no cash crisis in the banking sector, they have been unable to deliver money to booths and branches as security companies that transport money have halted services. "The security agencies that carry our cash told us that they will not provide services in the current situation," he said. Hence, banks are struggling to supply money, especially to remote branches and booths, he added. Meanwhile, political parties in the country discussed the structure of the interim Cabinet. The anti-discrimination student movement has reportedly prepared a list of 15 names in the interim government. The list will be finalised after discussions with Yunus after he returns home on Thursday. According to multiple sources in the Bangladesh Nationalist Party, the leaders of the student movement met BNP Secretary General Mirza Fakhrul Islam Alamgir yesterday and discussed the list. The anti-discrimination student movement has formed a liaison committee to discuss the list with various parties.

Bangladesh protests: Bangladeshis spend sleepless night amid fears of robbery and looting

Amid the unrest in <keyword id="6354759" type="General" weightage="100" keywordseo="Bangladesh" source="Orion">Bangladesh</keyword>, which led to Prime Minister <keyword id="66026" type="General" weightage="20" keywordseo="Sheikh-Hasina" source="Orion">Sheikh Hasina</keyword> resigning and fleeing to India, all Indian visa application centres in Bangladesh have been closed until further notice. The online portal to apply for Indian visa now has a message, which reads: “All IVACs will remain closed till further notice, due to the unstable situation. Next application date will be informed through SMS &amp; It is requested to pick up the passport on the next working day.” This update arrives a day after India evacuated non-essential staff and their families from its High Commission and consulates in Bangladesh. However, Indian diplomats are still in the neighbouring country, with missions still operating, according to government sources. India has a High Commission in Dhaka, the capital of Bangladesh, and consulates in Chittagong, Rajshahi, Khulna and Sylhet. EAM. S. Jaishankar, discussing the situation in the Parliament on Tuesday, 6 August, said there are about 19,000 Indian nationals in Bangladesh—including 9,000 students, despite many returning to India after the protests began. He assured that the government is in close contact with the Indian community and is also monitoring the situation of minorities living there. As of Tuesday, the death toll in the anti-government protests rose to 440, with 100 more deaths reported after Sheikh Hasina fled the country, according to local media. The army is trying to control the situation in the violence-hit nation. However, in Dhaka, things were mostly calm on Tuesday, with public transport running and schools and shops open. <div type="Article" hostid="261" msid="112289999" title="Bangladesh coup: A timeline of critical events that led to PM Sheikh Hasina’s resignation and alleged flight" mstype="2" mssubtype="0"></div> An interim government supported by the Army is being set up in Bangladesh. Nobel Peace Prize winner and Grameen Bank founder <keyword id="83501" type="General" weightage="20" keywordseo="Muhammad-Yunus" source="Orion">Muhammad Yunus</keyword> will lead this caretaker government. He will be sworn in as the leader on Thursday. On Wednesday, the United States expressed confidence that Yunus's interim government will bring long-term peace and political stability to Bangladesh. "We think the interim government will play a vital role in establishing long-term peace and political stability in Bangladesh," US State Department spokesperson David Miller said that the US is ready to work with Bangladesh. To contextualise the overall situation, the protests in Bangladesh initially started because of a controversial quota system in government jobs. However, they quickly turned into a country-wide movement of sorts against the Awami League government, after Prime Minister Hasina's 'razakar' comments and the harsh police response. The initial protests calmed down after the Supreme Court reduced the quotas, but unrest resumed as many students demanded Hasina's resignation. SEE ALSO: <a href="https://www.businessinsider.in/international/news/bangladesh-protests-mob-continues-to-kill-arson-vandalise-and-storm-jails-even-after-pm-hasina-resignation/articleshow/112304482.cms" data-type="tilCustomLink" target="_blank">Bangladesh protests: Mob continues to kill, arson, vandalise and storm jails even after PM Hasina resignation</a>

Indian visa centres in Bangladesh closed till further notice; Muhammad Yunus to be sworn in today to lead interim govt

New <keyword id="19900881" type="General" weightage="20" keywordseo="Delhi" source="keywords">Delhi</keyword>: Amid political unrest in <keyword id="19919639" type="General" weightage="20" keywordseo="Bangladesh" source="keywords">Bangladesh</keyword>, an <keyword id="19896871" type="General" weightage="100" keywordseo="Air-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India" meta.hostid="261" meta.entityid="Air India">Air India</keyword> flight from <keyword id="19936600" type="General" weightage="20" keywordseo="Dhaka" source="keywords">Dhaka</keyword> carrying 199 passengers and six infants landed in Delhi early on Wednesday morning. Air India operated a special charter flight at short notice despite infrastructure challenges at Dhaka Airport late last night and landed in Delhi early this morning, as per information provided by sources. One of the passengers on the flight, an Indian national, said that the situation in Bangladesh is "pretty much under control now." Speaking to ANI, the passenger, Arpit said, "It's pretty much controlled now. It's pretty much controlled. Far, much better. From tomorrow, everything is going to be working completely. Factories, offices, banks, colleges, schools. Everything's going to be okay." Asked whether he departed in a situation of panic, Arpit said, "No, no, no. It was all okay. Though the airlines have also been opened up. And I came to see my family, just the family was worried." On reports of people of a community being targeted, he said, "For Indians, it is not like that. Everything is fine. It's completely fine." Asked about the situation in Bangladesh, following weeks of violence that led to <keyword id="20024637" type="General" weightage="20" keywordseo="Sheikh-Hasina" source="keywords">Sheikh Hasina</keyword> tendering her resignation and left the country to arrive in Delhi, he said, "Everything is okay now, even on the roads, and highways, everything is completely fine." Arpit also mentioned that people are happy that Sheikh Hasina have left the country. "However, smart people have said that it is a mistake and they will later realize it, said Arpit stating that he would return to Bangladesh after two to three days. On being asked about people's reactions to Sheikh Hasina's resignation, Arpit said, "People were really happy. But, on the other hand, the smart people who have been politically connected, they say that they have made a mistake. Later on , they're going to realize it." Bangladesh is facing a fluid political situation with Sheikh Hasina tendering her resignation from her post in the wake of mounting protests on August 5. The protests, led mainly by students demanding an end to the quota system for government jobs, evolved into anti-government demonstrations. Another passenger on the plane from Bangladesh that landed in Delhi said that the situation in the country "normal". The passenger said, "I have come to India for treatment." Another passenger from Bangladesh, Souradip Roy said, "Now everything is fine there, there is no problem. A lot of massacres happened over there and many students were killed. Officially they say over 200 students were killed, however, unofficially it is more than 1000 students were killed." He said that he is on a visit to India. Another passenger from Bangladesh's Sylhet, Tanveer, said that the situation in Bangladesh is "not so good, not so bad." "Situation is not so good, not so bad. The interim government has taken the control ofthe country and we don't know what comes next. But, we hope for a better outcome." "On the 18th of July, I saw it was like war zone in Bangladesh, near my office in Uttara. And after that there was a curfew and there were army and people getting killed in front of my eyes. I even got a rubber bullet on my that hit me. I even got police that had beaten me for coming out," he added. Meanwhile, Nobel laureate <keyword id="20024384" type="General" weightage="20" keywordseo="muhammad-yunus" source="keywords">Muhammad Yunus</keyword> has been appointed as the head of Bangladesh's interim government, Dhaka Tribune reported. Bangladesh President's Press Secretary, Joynal Abedin, made the announcement. The decision regarding the appointment of Bangladesh's interim government head was made during a meeting between President Shahabuddin and the coordinators of the Anti-Discrimination Student Movement. On Tuesday, External Affairs Minister S Jaishankar said that there are an estimated 19,000 Indian nationals of which about 9000 are students while ensuring the country that the government is in close contact with the Indian community in Dhaka. Jaishankar informed the Lok Sabha that the bulk of the students returned to India in July. "We are in close and continuous touch with the Indian community in Bangladesh through our diplomatic missions. There are an estimated 19,000 Indian nationals there of which about 9000 are students. The bulk of the students returned in July," he said. He also said that Bangladesh's former Prime Minister Sheikh Hasina requested approval from India to come at very short notice and she arrived on the evening of Monday. "On August 5, demonstrators converged in Dhaka despite the curfew. Our understanding is that after a meeting with leaders of the security establishment, Prime Minister Sheikh Hasina apparently made the decision to resign. At very short notice, she requested approval to come for the moment to India. We simultaneously received a request for flight clearance from Bangladesh authorities. She arrived yesterday evening in Delhi," he said. The External Affairs Minister also mentioned that the government is monitoring the situation with regard to the minorities living in Bangladesh. Jaishankar noted that ties between India and Bangladesh are exceptionally close. "Since the election in January 2024, there has been considerable tensions, deep divides and growing polarization in Bangladesh politics and "this underlying foundation aggravated a student agitation that started in June this year." "There was growing violence including attacks on public buildings and violence continued in July. We counselled restraint and urged the situation be resolved by dialogue, Jaishankar said in his statement in Rajya Sabha. He said that the growing violence included attacks on public buildings and infrastructure, as well as traffic and rail obstructions. "Throughout this period, we repeatedly counselled restraint and urged that the situation be defused through dialogue. Similar urgings were made to various political forces with whom we were in touch," Jaishankar said.

Air India flight from Dhaka with 205 passengers lands in Delhi

Dhaka: As the situation in <keyword id="19919639" type="General" weightage="20" keywordseo="Bangladesh" source="keywords">Bangladesh</keyword> deteriorates following <keyword id="20024637" type="General" weightage="100" keywordseo="Sheikh-Hasina" source="keywords">Sheikh Hasina</keyword>'s resignation, the <keyword id="19967845" type="General" weightage="20" keywordseo="Supreme-Court-Bar-Association" source="keywords" meta.keywordsubtype="org" meta.entityname="Supreme Court Bar Association" meta.hostid="153" meta.entityid="Supreme Court Bar Association">Supreme Court Bar Association</keyword> (SCBA) President, AM Mahbub Uddin Khokon, has urged India to arrest the former Prime Minister and her sister, Sheikh Rehana, and return them to Bangladesh, as reported by Dhaka Tribune. At a press conference held at the SCBA auditorium, Khokon said, "We want to maintain a positive relationship with the people of India. Please arrest Sheikh Hasina and Sheikh Rehana, who fled the country, and send them back to Bangladesh." He also accused Hasina of causing numerous deaths in Bangladesh, adding, "Sheikh Hasina has killed many people in Bangladesh." Several pro-BNP lawyers were present at the conference. Khokon, who is also a joint secretary general of the Bangladesh Nationalist Party (BNP), urged against declaring a state of emergency and demanded the resignation of Supreme Court judges involved in political activities and corruption within a week, Dhaka Tribune reported. He also called for the resignation of state law officers, including Attorney General AM Amin Uddin, and the heads and officials of the Anti-Corruption Commission (ACC) and National Human Rights Commission (NHRC), as they were appointed by the Hasina-led government. Additionally, Khokon demanded the release of political prisoners. Bangladesh is facing a fluid political situation with Sheikh Hasina, on August 5, tendering her resignation from her post in the wake of mounting protests. The protests, led majorly by students demanding an end to a quota system for government jobs, took the shape of anti-government protests. Earlier in the day, President Mohammed Shahabuddin, announced the dissolution of the country's parliament to make way for the formation of an interim administration, Dhaka Tribune reported. In another major development, BNP chairperson and former Prime Minister Khaleda Zia was also released. Hasina arrived in India on Monday evening and it is not clear if she will stay in Delhi or move to another location. Meanwhile, in Dhaka, leaders of the Anti-Discrimination Student Movement have proposed an interim government led by Nobel Laureate Muhammad Yunus, in a bid to address Bangladesh's ongoing challenge.

Bangladesh SCBA President urges India to arrest and return Sheikh Hasina and Sheikh Rehana

New Delhi: The Indian garment and knitted fabric sector is witnessing a bit of uncertainty due to the <keyword id="22498521" type="General" weightage="20" keywordseo="Bangladesh-crisis" source="keywords">Bangladesh crisis</keyword>, Finance Minister <keyword id="19916618" type="General" weightage="100" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> said on Saturday, expressing hope that the interim government there will settle things "sooner rather than later." Interacting with the media on the sidelines of customary post Budget address to the central board of <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword>, she said efforts are being taken to ensure that borders with the neighbouring country are safe. With regard to Indian investments, she said, the textile industry particularly from Tamil Nadu has made investments there in good faith and they have done well having gone there. "The exports from <keyword id="19919639" type="General" weightage="20" keywordseo="bangladesh" source="keywords">Bangladesh</keyword> also increased because of the duty and quota liberal approach that we have towards low-income countries. They (Indian garment industry based in Bangladesh) could even export to India." Particularly, she said, the garment and knitted fabric sector is seeing a bit of uncertainty because of the crisis in the neighbouring country. "I hope that the investments are all safe... it's too early for me to see what kind of an impact this situation in Bangladesh will have on our economy. I hope that the interim government will settle things sooner rather than later so that both the people of Bangladesh and India can get back to normalcy," she said. Earlier this week, Bangladesh plunged into a political crisis when Sheikh Hasina resigned as the Prime Minister and fled the country. Soon after Parliament was dissolved leading to the creation of an interim government. The 84-year-old Nobel laureate Muhammad Yunus on Thursday took oath as the head of an interim government, replacing Sheikh Hasina who abruptly resigned and fled to India leaving the country in turmoil following deadly protests against her government over a controversial quota system in jobs. On Friday, Bangladesh's interim leader Yunus announced the portfolios of his 16-member council of advisors and named a former top diplomat to head the foreign ministry. The Nobel laureate's first task is to bring stability to Bangladesh after he responded to a call by student protesters for him to temporarily lead the country following weeks of deadly anti-government demonstrations against the government led by Sheikh Hasina.

Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM Nirmala Sitharaman

Bihar reported 233 new cases of COVID-19 on Saturday as its tally for the dreaded disease shot up to 4,831, the health department said. Significant numbers of cases were reported from north Bihar districts such as Darbhanga, Samastipur, Supaul, East Champaran, West Champaran, Madhubani, Purnea, Saran and Kishanganj. South of the Ganges, the spike was notable in Munger, Bhagalpur, Bhojpur and Kaimur. Four people tested positive in Patna district. No fresh casualties were reported in the state where the death toll remained at 29. Khagaria and Begusarai have reported three casualties each while Patna, Vaishali, Bhojpur, Sitamarhi and Siwan have accounted for two fatalities each. Besides, one death each has been reported from Araria, Bhagalpur, Jamui, Jehanabad, Madhepura, Munger, Nalanda, Nawada, East Champaran, Rohtas, Samastipur, Saran and Sheohar. With 273 cases each, Khagaria and Patna are the worst-hit districts in the state where all the 38 administrative units are affected by the coronavirus outbreak. Other badly affected districts are Begusarai (254), Bhagalpur (226), Madhubani (217) and Rohtas (230). Only 15 of the state's 38 districts still have total cases below 100. The state's COVID-19 tally has risen by more than 4,000 in the last one month, though it began reporting cases in March. The spike has been attributed to a large number of migrants, carrying the infection, returning by Shramik Special trains and other modes of transport. Till Friday, the number of migrants testing positive since May 3 was 3,311. A major chunk of them happened to be returnees from Delhi (795), Maharashtra (778), Gujarat (538), Haryana (295), Uttar Pradesh (187), Rajasthan (127), West Bengal (113), Telangana (108) and Punjab (98). SEE ALSO: <a href="https://www.businessinsider.in/india/news/noida-21-new-covid-19-cases-tally-591/articleshow/76238339.cms">Noida’s total coronavirus cases hit 591 with 21 new cases detected in the past 24 hours</a> <a href="https://www.businessinsider.in/india/news/342-new-coronavirus-cases-in-pune-district-six-deaths/articleshow/76239001.cms">Six more people die of coronavirus in Pune with 342 fresh cases</a> <a href="https://www.businessinsider.in/business/news/building-rural-economy-key-to-halt-mirgration-nobel-laureate-yunus/articleshow/76238135.cms">Nobel Peace Laureate Muhammad Yunus says building the rural economy is the key to halt migration</a>

Bihar's Darbhanga, Samastipur, and others register 233 new coronavirus cases with the state's overall tally rising to 4.831

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5db1ee9ddee01964724bbb23-2121/gettyimages-1081538288.jpg" border="0" alt="woman using laptop" data-mce-source="Sarah Waiswa/Getty Images" />Sarah Waiswa/Getty Images</div></div></div><ul class="summary-list"><li><a href="https://www.businessinsider.com/how-to-save-money-2019-2">Saving money</a> is important - whether in an <a href="https://www.businessinsider.com/how-much-money-to-save-in-emergency-fund-rules">emergency fund</a>, <a href="https://www.businessinsider.com/best-way-to-save-for-retirement">retirement accounts</a>, <a href="https://www.businessinsider.com/how-to-open-high-yield-savings-account-online-save-money">high-yield savings accounts</a>, or elsewhere.</li><li>But <a href="https://www.businessinsider.com/how-to-invest-money">investing your money</a> is more likely to yield higher returns. </li><li>If you're not sure how to get started and only have a small pot of money to work with, robo-advisers, microloans, and startups are great opportunities to invest.</li><li>Open an invesment account with <a href="https://betterment.evyy.net/BQXmJ">Betterment</a> or <a href="https://wealthfront.pxf.io/03JEN">Wealthfront</a> today and watch your money grow »</li></ul>We've all heard it: The best way to make money is to have money. And whether you've seen an early-stage startup hit massive success before your eyes, or hated getting left behind in the crazy (now crashed) bull run of the last five years, you've probably wondered how to maximize your money like Warren Buffett.After all, 1 to 2% interest in your savings account can feel paltry when compared to double-digit gains.The problem is, many feel they just don't have enough money to be an investor. Which, to be fair, was true for a long time.Now, thanks to <a href="https://www.businessinsider.com/intelligence/future-of-fintech?IR=T">the burgeoning fintech sector</a>, <a href="https://www.businessinsider.com/how-to-invest-money">investment opportunities</a> are becoming more available to individuals at every savings level - even for as little as $500.So how do you do it? There are theoretically infinite ways to "invest" your money, as all it takes is capital and a way to get return on that capital.However, for most individuals with a full-time job, investments are thought of as a passive, low-effort mechanism for seeing moderate gains. And when it comes to <a href="https://www.businessinsider.com/how-to-calculate-return-on-investment-earnings-roi">return on investment</a> relative to risk and effort, there are some clear winners.We outlined three of the best ways to invest with just $500 and little more than a laptop.<h2>1. Invest with the help of a robo-adviser</h2>One of the most popular inventions in fintech is the <a href="https://www.businessinsider.com/what-are-robo-advisors-2017-9">robo-adviser</a>.The invention of algorithm-based trading and advice platforms has made it possible for almost anyone to take advantage of the stock and bond markets - which you want to take advantage of given their power for wealth creation.For perspective, the average return for the S&amp;P 500 has been 7% over the last 60 years. That's five times the return of a <a href="https://www.businessinsider.com/how-to-open-high-yield-savings-account-online-save-money">high-yield savings account</a>, and three times that of a <a href="https://www.businessinsider.com/should-i-use-a-cd">CD (certificate of deposit)</a>.Now, they key to that 7% is broad-based exposure. While you're not seeing the triple-digits gains of crypto and pot stocks, you're also not seeing triple-digit losses, either. It's almost always recommended that passive investors get broad exposure via exchange-traded funds (ETFs) or other vehicles.Because funds or stocks can be difficult to select and manage, robo-advisers like <a href="https://betterment.evyy.net/BQXmJ">Betterment</a> and <a href="https://wealthfront.pxf.io/03JEN">Wealthfront</a> use data and their algorithms to do the decision making typically reserved for wealth managers. And they're pretty good at it - returning 2.6% better than the average investor.Both robo-advisers automatically invest your savings in the market based on your risk preference and goals, and as fiduciaries, it is their responsibility to keep your best interest in mind.While you may see ups and downs in the short term, as all investors do, over the long run you are getting exposure to one of the largest wealth-generating tools, with almost no more effort than creating a savings account. Open a brokerage account with <a href="https://betterment.evyy.net/BQXmJ">Betterment</a> or <a href="https://wealthfront.pxf.io/03JEN">Wealthfront</a> today and watch your money grow »<h2>2. Invest in a startup </h2>Normally, to invest in a private company, you need to be an accredited investor, which the <a href="https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-accredited-investors" target="_blank" rel="noopener">SEC defines</a> as an individual income of over $200,000 or a net worth of $1 million. However, with <a href="https://microventures.com/">MicroVentures</a>, you can start investing through crowdfunding for as little as $100.MicroVentures is a FINRA-registered marketplace that aggregates individual investments through the accredited First Democracy VC, which then allows for investment in early-stage companies in what's known as <a href="https://microventures.com/equity-crowdfunding" target="_blank" rel="noopener">equity crowdfunding</a>. Think Kickstarter, except you get to make profits (MicroVentures does have an <a href="https://equity.indiegogo.com/" target="_blank" rel="noopener">active partnership</a> with Indiegogo).MicroVentures tries to eliminate some of the risk by vetting early-stage startups to find primary and secondary investment opportunities that have funding needs ranging from $150,000 to over a $2 million, and their <a href="https://microventures.com/about/portfolio" target="_blank" rel="noopener">portfolio of companies</a> includes 23andMe, Bonobos, and HotelTonight. However, you should take note: This is not an option for those who need liquidity. Under Title III of the SEC, you're basically locked into your shares for at least a year, and selling after that can typically only be done back to the company, or to another accredited investor.While a great opportunity to invest in a company you believe in, you should always keep in mind that <a href="https://smallbiztrends.com/2016/11/startup-statistics-small-business.html" target="_blank" rel="noopener">50% of small business fail in the first four years</a>. In other words: invest carefully.<h2>3. Invest in microloans</h2>Since 2006, using data from the Nobel Prize-winning project of economist Muhammad Yunus, microlending has become a huge source of business development in the world. Typically referring to loans of less than $50,000, microloans are a way for businesses to get capital outside of traditional banks.<a href="https://www.kiva.org/">Kiva</a> is probably the leading name in this field, however, it's a non-profit that primarily targets social impact in developing countries.If you want to loan out your money as a means of wealth generation, your best option with $500 or less to invest is <a href="https://www.prosper.com/">Prosper</a>. It's a peer-to-peer lending network that allow you to receive monthly payments with interest in exchange for a principal loan. (<a href="https://www.lendingclub.com/">Lending Club</a> is another option but requires a minimum of $1,000 to get started.)As far as performance goes, Prosper has seen an average of 3 to 8% in historical returns, with performance increasing the more diversified a portfolio becomes. However, one big thing to note is state availability. State regulations around microloans differ, and before you do anything, you need to check if investing in microloans is even a possibility for you. <h2>The bottom line</h2>Whether you want to invest in securities, startups, or microloans, you should always do so with liquid money. If you have money you're saving for a mortgage or student loans, this is not the place to invest it.The fundamental principle underlying investments is you're taking on higher risk for the chance of more gains, and that higher risk means you may lose your money (or, at the very least, see a short-term decrease in value).That being said, almost every wealthy individual has an array of investments increasing their wealth, and there's no reason you can't join in on the party.As long as you are disciplined and don't over-leverage yourself, it's not unrealistic to see gains of two to three times that of traditional savings instruments. Do your research, make a plan, and get started.<ul class="read-more-links"><li>More <a href="https://www.businessinsider.com/category/personal-finance-insider">personal finance</a> coverage</li><li><a href="https://www.businessinsider.com/best-airline-credit-card-comparison-delta-united-american">What's the best airline credit card?</a></li><li><a href="https://www.businessinsider.com//best-cash-back-credit-cards">The best cash back credit cards</a></li><li><a href="https://www.businessinsider.com/are-cds-a-good-investment">Are CDs a good investment?</a></li><li><a href="https://www.businessinsider.com/when-to-save-money-in-high-yield-savings">When to save money in high-yield savings</a></li><li><a href="https://www.businessinsider.com/best-rewards-credit-cards">Best rewards credit cards</a></li></ul>Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

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