ANGLADESH'S economy is in a rapid nosedive, with over a million people becoming unemployed since August 5. Numerous commercial and industrial establishments are shutting down due to an acute liquidity crisis. This hampers entrepreneurs from opening letters of credit to import essential raw materials and other items required to sustain their businesses.
Meanwhile, dozens of 'buying houses' that coordinated the procurement of readymade garments from local factories for large buyers—mostly in the United States, Britain, and EU nations—have closed their offices. The worsening situation is primarily driven by mob anarchy, rampant extortion, threats, intimidation, and a hostile environment that discourages foreign nationals, particularly Indians, from remaining in the country.
Analysts warn Bangladesh is heading toward an alarming economic collapse. A significant segment of its population could face acute famine, while most of the 6.5 million workers in the country's garments sector—a key economic backbone—risk losing their jobs. International buyers are already shifting their orders to alternative sources due to the growing influence of extremist groups like Al-Qaeda, Islamic State, Hizb Ut-Tahrir and Hefazat-e-Islam. Thousands of Quranic madrasas in Bangladesh, considered breeding grounds for jihadists, further exacerbate the issue. These institutions are heavily influenced by anti-Semitism, jihadism, and Hindu hatred.
Given the troubling scenario, geopolitical analysts suggest Bangladesh, once seen as a rising economic star in Asia, is on the verge of becoming another Libya, Iraq, or Pakistan. The rise of religious extremism and state-sponsored violence may make the country a target for terrorist attacks.
هذه القصة مأخوذة من طبعة December 23, 2024 من The New Indian Express Tirupati.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 23, 2024 من The New Indian Express Tirupati.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Deol's ton helps India seal series
HARLEEN DEOL'S maiden hundred set the foundation and India sealed the ODI series with a 115-run win over the West Indies.
Cranbrook to MCG, the rise and rise of teenager Konstas
ON the eve of New South Wales' first Sheffield Shield match of the season - against South Australia at Cricket Central in Sydney - Sam Konstas was sitting with his batting coach Tahmid Islam for dinner.
Shooting mental sport, don't know when award snub will affect Manu: Jaspal
DOUBLE Olympic medallist Manu Bhaker finally broke her silence on her exclusion from Khel Ratna list.
Timely lift for Haryana shuttler
DEVIKA SIHAG is stoked at the moment. She had a valid reason to be.
India to play matches in Dubai, Pak tie on Feb 23
FINALLY, the International Cricket Council on Tuesday announced the much-awaited schedule of the 2025 Champions Trophy.
Excited with pack of pacers in SA20
WITH the third edition of the SA20 coming soon, the Ambassador of the franchise league and former South African fast bowler Allan Donald believes the new crop of pace bowlers coming from his home country are the ones to watch out for.
PM Modi meets economists ahead of Budget
PRIME Minister Narendra Modi on Tuesday interacted with a group of economists and thought leaders in preparation for the Union Budget at NITI Aayog.
Air traffic record high, IndiGo leads the pack
INDIAN airlines carried a record 1.42 crore passengers on domestic routes in November 2024, marking the highest-ever monthly traffic.
Recharge plans for voice calls, messages to benefit customer, not telcos
THE Telecom Regulatory Authority of India's (TRAI) recent directive to have recharge plans exclusively for voice calls and messages without any compulsion to buy internet data will benefit customers not much to telecom service providers, say industry experts.
Year-ender 2024: Telecom sector sees tariff hikes, user losses, Vi fundraising
INDIAN telecom sector had a mixed bag in 2024, marked by tariff hikes, subscriber losses, and fundraising by loss-making telecom service provider Vodafone Idea.