International remittances make up 7 per cent of Bangladesh’s GDP, but Covid-19 has adversely impacted its migrants working in countries with strict lockdowns.
Modi govt's recent orders implicating digital platforms such as Zoom and WeTransfer without revealing the technical details don't address cybersecurity concerns.
Boycott calls are unlikely to hurt China & Xi Jinping. A tactical approach, like denying it access to strategic markets like telecom products, would be better.
Many multinational companies have come forward to support Black Lives Matter movement. Few things Indian corporate should do if they believe in equal opportunities.
Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.
Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.
How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?
Bangladesh experienced a decline of nearly 17% last year in garments exports. Ready made garments constitute 90% of Bangladesh’s exports. The country runs a massive deficit in current accounts. According to IMF, classified loans account for over 10% of GDP. FDI last year was only around 2.6B USD. Yet WB And IMF claim the GDP is growing at 8-9%. It is estimated almost 30B is generated by country’s migrant workers annually. These workers send hard currency to BD government and their families receive worthless local currency. Where did all these remittance dollar go during the last 2 decades? Could it be BD is a giant money laundry machine and it’s growth is driven by inflated and worthless government projects.
India is also going to experience a loss of remittances, particularly from the Middle-East.
Bangladesh experienced a decline of nearly 17% last year in garments exports. Ready made garments constitute 90% of Bangladesh’s exports. The country runs a massive deficit in current accounts. According to IMF, classified loans account for over 10% of GDP. FDI last year was only around 2.6B USD. Yet WB And IMF claim the GDP is growing at 8-9%. It is estimated almost 30B is generated by country’s migrant workers annually. These workers send hard currency to BD government and their families receive worthless local currency. Where did all these remittance dollar go during the last 2 decades? Could it be BD is a giant money laundry machine and it’s growth is driven by inflated and worthless government projects.