chetak wrote: ↑
...
Not to mention the 4-5 billion$ of Indian loans outstanding with the beedis which is now at risk.
when will they pay it back
Might as well pressurise them to give land in lieu of it.
Let them take new loan from the IMF (US) or China.
Manish ji,
If they keep troubling us, then just bring them to default on their loan repayments. Do not agree to reschedule the repayments
Default is the failure to make required interest or principal repayments on a debt, whether that debt is a loan or a security. Individuals, businesses, and even countries can default on their debt obligations.
maybe someone else may make the repayment on their behalf once or twice.
If they keep troubling us, then just bring them to default on their loan repayments. Do not agree to reschedule the repayments
...
Sir, what is the collateral as per the agreement?
Also I read that the total amount released is approx 2 billion.
AFAIK, there is no collateral Manish ji, but I could be wrong
India has this foolish concept of non reciprocity with all its ugly and freeloading neighbours
BTW, these buggers would not dare to treat any abrahamic nation the way they do India
Re: Bangladesh News and Discussion
Posted: 20 Aug 2024 02:49
by vera_k
Rep. Thanedar (D-MI) has written to Sec State Blinken to grant temporary protected status to all Bangladesh Hindus in the USA. Temporary protected status is defined as -
The Secretary of Homeland Security may designate a foreign country for TPS due to conditions in the country that temporarily prevent the country's nationals from returning safely, or in certain circumstances, where the country is unable to handle the return of its nationals adequately.
It does not grant any other privileges, except for relief from having to leave the country if a visa expires.
However, this joker of an organization named Hindus for Human Rights has come out against it!
chetak wrote: ↑20 Aug 2024 00:01
AFAIK, there is no collateral Manish ji, but I could be wrong
...
Oh.
Surely there must be some penalty at least (even if lenient) for delay in repayment.
The rate of interest is 1% if I remember correctly.
Manish ji,
the penalty usually has international repercussions, customarily in terms of a downgrade in country ratings by agencies like Moody's, Standard & Poor's, and Fitch et al
To offset the risks involved in dealing with a defaulting country, loans given to such a country will carry a heavy interest burden along with stringent conditions for disbursement
There are enough such basket cases in our very own neighbourhood
Re: Bangladesh News and Discussion
Posted: 20 Aug 2024 15:46
by g.sarkar
আর ভারতে যাবেনা ইলিশ, খুশিতে আত্নহারা জেলেরা | Hilsa | Fisherman | Mohona TV https://www.youtube.com/watch?v=kMBDYaD6Ws0
You Tube is showing that Bangladesh has stopped export of hilsa fish to India. Fishermen, wholesalers and common people are rejoicing at the falling prices. If I am not wrong, hilsa is in demand only in West Bengal and Tripura, most other Indian states do not go for this. Now, if hilsa export to India is stopped and the prices fall, why would fishermen and wholesalers rejoice? They are going to take a loss.
Gautam
Re: Bangladesh News and Discussion
Posted: 20 Aug 2024 16:31
by A Deshmukh
there are lot of things that can be stopped from our side - salt, cotton, electricity, cattle....
if Bengalis want to replicate steps towards tsp and afghanistan....why should we stop them.
Re: Bangladesh News and Discussion
Posted: 20 Aug 2024 18:10
by chetak
A Deshmukh wrote: ↑20 Aug 2024 16:31
there are lot of things that can be stopped from our side - salt, cotton, electricity, cattle....
if Bengalis want to replicate steps towards tsp and afghanistan....why should we stop them.
Deshmukh ji,
They make a great deal of their own salt, 70% of their cotton comes from cheen and not from India and cattle is smuggled in from west bengal, and that is not trade but criminal enterprise.
According to the Bangladesh Small and Cottage Industries Corporation (BSCIC), the record salt production over the past 62 years came in fiscal year 2022-23, when 2,232,890 tonnes of salt was produced.
the brainless buggers have just stopped the export of hilsa fish to India where bengal is a big market for this fish, and the hilsa prices have dropped in beediland
nepal can and will surely want to export power to the beedis just to spite India and the cheen will push for it but the nepali power / grid has to traverse Indian territory and the sly buggers have just invited Modiji for a "state" visit, definitely under the tutelage of the cheen who don't want a floundering beediland around their necks
the nepalis are also very keen to get rid of the agniveer scheme and have been trying to work around it for a long time
We buy around 1000MW or so from nepal, from the very dams that we built for them
The cheen also have a great deal more of trade with the beedis than India does
hasina was very corrupt and was also playing India off against the cheen
Re: Bangladesh News and Discussion
Posted: 20 Aug 2024 19:07
by ricky_v
chetak wrote: ↑20 Aug 2024 18:10
nepal can and will surely want to export power to the beedis just to spite India and the cheen will push for it but the nepali power / grid has to traverse Indian territory and the sly buggers have just invited Modiji for a "state" visit, definitely under the tutelage of the cheen who don't want a floundering beediland around their necks
the nepalis are also very keen to get rid of the agniveer scheme and have been trying to work around it for a long time
We buy around 1000MW or so from nepal, from the very dams that we built for them
The cheen also have a great deal more of trade with the beedis than India does
hasina was very corrupt and was also playing India off against the cheen
chetak sir, actually amended laws of power import specify that India will only import electricity from dams made by Indian and Nepalese companies only, so no power import from Chinese made dams, an issue in the Nepal thread
Monitoring Nepalese sentiments for some time now, the post anti India rhetoric following the closing of the trade routes c. 2015-16 seems to have settled, you have the populist rhetoric of some or the other off claims but no concrete action towards it; I would say a good portion of madhesis/mithaladeshis are pro indic, leaving mostly Kathmandu/shah elites as aloof towards the phenomenon
Obviously we do not have such a case in bd on the surface, but I refuse to believe that we did not have friendly/cultivated relations with other deserving candidates and only put our hopes and efforts in the sheikh hasina basket,a ridiculously stupid proposition as she is close to 80, her heir being her daughter with dodgy credentials, the thinking in the South block could not have been let's hope she's immortal, yunus is a fishy character but let us see where the final chips lie
chetak wrote: ↑20 Aug 2024 18:10
nepal can and will surely want to export power to the beedis just to spite India and the cheen will push for it but the nepali power / grid has to traverse Indian territory and the sly buggers have just invited Modiji for a "state" visit, definitely under the tutelage of the cheen who don't want a floundering beediland around their necks
the nepalis are also very keen to get rid of the agniveer scheme and have been trying to work around it for a long time
We buy around 1000MW or so from nepal, from the very dams that we built for them
The cheen also have a great deal more of trade with the beedis than India does
hasina was very corrupt and was also playing India off against the cheen
chetak sir, actually amended laws of power import specify that India will only import electricity from dams made by Indian and Nepalese companies only, so no power import from Chinese made dams, an issue in the Nepal thread
Monitoring Nepalese sentiments for some time now, the post anti India rhetoric following the closing of the trade routes c. 2015-16 seems to have settled, you have the populist rhetoric of some or the other off claims but no concrete action towards it; I would say a good portion of madhesis/mithaladeshis are pro indic, leaving mostly Kathmandu/shah elites as aloof towards the phenomenon
Obviously we do not have such a case in bd on the surface, but I refuse to believe that we did not have friendly/cultivated relations with other deserving candidates and only put our hopes and efforts in the sheikh hasina basket,a ridiculously stupid proposition as she is close to 80, her heir being her daughter with dodgy credentials, the thinking in the South block could not have been let's hope she's immortal, yunus is a fishy character but let us see where the final chips lie
ricky ji,
The nepalese don't like Indians, especially the middle and upper middle classes.
I have had some experience with these clowns and they are openly critical
They refer to something called "the big brother attitude"
that's tough luck because they are actually just a piddly little country, just like the sinhala in SL, or the jihadis in maldives
one often wonders from where all these wokes get their sense of entitlement, especially when their accomplishments are zilch
the beedis abdools and ayeshas are inimical to Hindus and are very pro paki, and they consider the Indian heartland as their legitimate lebensraum.
One has to just follow the beedi cricket team and their supporters to see the depth of their hatred
As far as hasina was concerned, India did not have many options and she was the best among the worst and that's saying a lot
this was an geopolitical accident waiting for an opportunity to happen but who prepared the pitch to speed up hasina's departure is still the million $ question.
mujibur rehman the "father" of that benighted beedi nation was no angel as is being portrayed. The man was suhrawardy's assistant during the direct action day that resulted in thousands of Hindus being massacred in kolkota. He had a lot of Hindu blood on his hands
Re: Bangladesh News and Discussion
Posted: 20 Aug 2024 21:27
by hanumadu
A Deshmukh wrote: ↑20 Aug 2024 16:31
there are lot of things that can be stopped from our side - salt, cotton, electricity, cattle....
if Bengalis want to replicate steps towards tsp and afghanistan....why should we stop them.
Don't forget onions. Bangladesh is not a small country that can source its requirements elsewhere easily. It has a population of 170 million which is greater than most countries that can produce and supply its requirements.
A Deshmukh wrote: ↑20 Aug 2024 16:31
there are lot of things that can be stopped from our side - salt, cotton, electricity, cattle....
if Bengalis want to replicate steps towards tsp and afghanistan....why should we stop them.
Deshmukh ji,
They make a great deal of their own salt, 70% of their cotton comes from cheen and not from India and cattle is smuggled in from west bengal, and that is not trade but criminal enterprise.
According to the Bangladesh Small and Cottage Industries Corporation (BSCIC), the record salt production over the past 62 years came in fiscal year 2022-23, when 2,232,890 tonnes of salt was produced.
United States Department of Agriculture (USDA) keeps the yearly (August-July) account of Bangladesh’s cotton imports. Based on information from Bangladesh’s National Board of Revenue (NBR), USDA states, in 2022-23 fiscal year, Bangladesh imported maximum amount of cotton from Western Africa. During this period, 39 percent of the total demand was brought from this region. Cameroon provided 9 percent while Chad sold 3 percent. So, in total, 51 percent was imported from the countries in Africa. Besides, 16 percent was imported from Brazil, 12 percent from neighboring India and 10 percent was imported from the US.
12% from India is still a lot which it will have to scamper to source it from elsewhere. But if the jihadis take over, there won't be an industry that will require cotton from anywhere.
Amidst unions’ calls for patience, major apparel brands leave Bangladesh
"Suppliers to global brands have been affected by a wave of retaliatory attacks for being owned by regime loyalists. Factories producing for H&M and Zara were among those torched. "
This nation is full of sick people. Burning factories that employ people and feed their families. Really!
Re: Bangladesh News and Discussion
Posted: 21 Aug 2024 01:54
by sanjaykumar
Only KFC is torched in Pakistan.
They don’t have anything else of economic significance.
Re: Bangladesh News and Discussion
Posted: 21 Aug 2024 05:10
by Vayutuvan
sanjaykumar wrote: ↑21 Aug 2024 01:54
Only KFC is torched in Pakistan.
They don’t have anything else of economic significance.
They might have thrown in a few donkeys - they have lots of them - into the fire and made lot of barbecue.
Re: Bangladesh News and Discussion
Posted: 21 Aug 2024 05:15
by Vayutuvan
g.sarkar wrote: ↑20 Aug 2024 15:46আর ভারতে যাবেনা ইলিশ, খুশিতে আত্নহারা জেলেরা | Hilsa | Fisherman | Mohona TV
Now, if hilsa export to India is stopped and the prices fall, why would fishermen and wholesalers rejoice? They are going to take a loss.
Gautam
Gautam ji
Is it because they can buy low in BD and sell in blackmarket to their Indian partners? That assumes, ofcourse, that the borders are still open for some of these smuggling gangs to go back and forth. I have no idea about the ground situation.
Re: Bangladesh News and Discussion
Posted: 21 Aug 2024 06:23
by sanjaykumar
Well Lisa the Bangladeshis may have cut off their noses to spite their faces but the heroes inPanjab were cutting Ambani’s cell towers down during the zamindar protests. Wonder if there was even one case pursued by the totally apolitical panjab police
Re: Bangladesh News and Discussion
Posted: 22 Aug 2024 13:09
by IndraD
Wonderful to meet Hon. Chief Adviser H.E. Professor Muhammad Yunus to discuss the interim government’s plans for reform, charting the course for an inclusive, prosperous and democratic future.
Respected Hedvige Antonia Albina Moina alias #SoniaGandhi, following ouster of #SheikhHasina, when all of her former ministers and advisors, including key members of #AwamiLeague are targeted by the interim government, Dr. Gowher Rizvi, the International Affairs adviser to #Hasina and husband of your own cousin Agnese Barolo remains untouched. Is it because, #RahulGandhi's connections with #BNP? https://x.com/salah_shoaib/status/1825209333153731015
Re: Bangladesh News and Discussion
Posted: 22 Aug 2024 15:08
by chetak
IndraD wrote: ↑22 Aug 2024 13:09
Wonderful to meet Hon. Chief Adviser H.E. Professor Muhammad Yunus to discuss the interim government’s plans for reform, charting the course for an inclusive, prosperous and democratic future.
This should give a clue about who is behind the regime change
one seriously doubts if the goras would be as welcoming if the sly slant eyed devils were behind it
Re: Bangladesh News and Discussion
Posted: 23 Aug 2024 06:18
by chetak
The interim Bangladeshi government has decided to revoke all diplomatic passports, including those held by Sheikh Hasina, who fled to India following her government’s fall.
This move could complicate her legal and diplomatic status, raising questions about her potential extradition from India and the future of the former prime minister
Soaring prices have been a major concern for Bangladesh, with its currency also under pressure with remittances drying up and garments exports badly impacted by political unrest.
The International Monetary Fund (IMF) had asked Bangladesh to tighten its monetary policy and keep exchange rates flexible while extending a $4.7bn (£3.6bn) bailout for the South Asian nation.
Dr Mansur said he was in conversation with the body to "augment" and "front load" this amount by an additional $3bn.
He said Bangladesh was also seeking an additional $1.5bn from the World Bank and $1bn each from the Asian Development Bank and the Japan International Cooperation Agency.
There has been a "designed robbery of the financial system" which has caused significant damage to banks and has serious implications for the stock market and the broader economy, he suggested.
Dr Mansur also expects the government will need to inject $15-30bn to recapitalise some of Bangladesh’s Islamic banks which could effectively mean they will be nationalised.
But there will need to be a further 9-10% cut in budgetary spending "so that more credit is more available for the private sector", said Dr Mansur.
Late last week, Muhammad Yunus, the Chief Adviser to Bangladesh's interim government, is reported to have told a gathering of diplomats that his government will undertake "comprehensive reforms" before holding the next general election.
When asked how long it will be before the elections could be called, Dr Mansur said it could be another three years or more.
Bangladesh depends heavily on India for its supply of rice, wheat, onion, ginger, garlic, sugar, cotton, cereals, iron and steel, refined petroleum, electronic equipment, and plastics. Bangladesh’s economic boom before the pandemic hit it hard was based on the export of garments to the West. This key industry depends heavily on the supply of raw materials from India. Deterioration of relations with India will immediately result in a decline in exports, a reduction in GDP, higher inflation, and a loss of jobs. No matter what attractions other nations may hold, for now, Bangladesh cannot afford to break its ties with India.
Bangladesh cannot abandon China either. China is a major source of investments, imports and defense procurements. Bangladesh owes China over $6 billion, and it is also a part of Xi Jinping’s signature Belt and Road Initiative. China has invested over $7 billion in Bangladesh and Chinese exports to Bangladesh in 2023 were over $22 billion. China is Bangladesh’s biggest arms supplier. Bangladesh is as dependent on China as it is upon India.
The presence of the U.S. in this theater increases the salience of the already critical Bangladesh-India relationship. In the past, India successfully shielded Sheikh Hasina from U.S. pressure. If Bangladesh leans toward India, India will balance China and shield Dhaka from the U.S. But if Bangladesh leans toward China, then both the U.S. and India will start exerting all forms of pressure on it. In the past India had restricted exports to Bangladesh; New Delhi could do it again and cause economic difficulties. The U.S. is always trigger-happy with sanctions and Bangladesh has had a taste of it.
In 1971, Bangladesh emerged as a new nation with India’s help. In 2024 it can again emerge as a new Bangladesh, and again it will need India’s help.
Recent economic data and projections by international institutions, including the World Bank, reveal that the country faces considerable headwinds. Several notable social indicators, too, raise concerns that the country’s success story may be unraveling.
The economic crisis in Bangladesh, which has been evident since the middle of 2022, didn’t appear suddenly due to external shocks. It was in the making for quite some time. Two years ago, Bangladesh reached out to the International Monetary Fund (IMF) and other international lenders to avert a meltdown.
This is putting a serious dent in Bangladesh’s foreign exchange reserves, which have continued to slip. As of early April 2024, they stood below the IMF’s suggested $19.26 billion. Concurrently, nonperforming bank loans, which are about 10 percent of total outstanding loans, according to the central bank’s statement, are increasing.
The broad economic crisis is having serious consequences for Bangladeshis, especially those in the middle class and poorer segments of society. While official statistics from February claim that inflation is below 10 percent, the prices of food and essentials in the market indicate a far greater number.
The report also noted that more than a quarter of families were taking out loans to cover the cost of daily necessities, including food. A survey by the South Asia Network on Economic Modeling, a think tank, shows that 28 percent of households resorted to borrowing money between April and November of 2023. The share of households borrowing money, largely from informal sources, has been on the rise for the past decade.
Bangladesh had been registering increases in life expectancy for decades. In 2020, it reached 72.8 years, the highest to date. But since then, the pattern of growth has been broken. In 2021, there was a decline, to 72.3 years. In 2022, a modest increase to 72.4 was reported by the BBS. But the Bangladesh Sample Vital Statistics-2023 (BSVS-2023), published by the BBS in March 2024, shows a reversal, to 72.3 years. Combined with the information that food insecurity has increased in the past year, it is worth asking what might be causing this decline.
The decline in life expectancy is in part a result of the increase of the death rate in children.
Take, for example, the mortality rate for children under one year of age. The number was 21 per 1,000 five years ago, while in 2022 it increased to 25 and in 2023 it reached 27. The death of children below one month has reached 20 per 1,000 live births, up from 16 in 2022. Five years ago, the death rate of this age group was 15. The death rate of children under five years was 33 per 1,000 in the past year, an increase from 31 in 2022 and 28 five years ago. The BVS-2023 identified other troubling trends in social indicators as well. For instance, child marriage has increased significantly in recent years—from 31.3 percent in 2020 to 41.6 percent in 2023.
As the country’s system of governance has transformed from a hybrid regime to an autocratic system, especially after the 2018 election, social development has received less attention from the government, which relies less and less on a mandate from citizens.
Bangladesh depends heavily on India for its supply of rice, wheat, onion, ginger, garlic, sugar, cotton, cereals, iron and steel, refined petroleum, electronic equipment, and plastics.
India should seal its borders tight and let BD become another pakistan. It was always its destiny.
Re: Bangladesh News and Discussion
Posted: 25 Aug 2024 01:10
by KL Dubey
drnayar wrote: ↑24 Aug 2024 13:39
Ultimate plan is to dismember India , prevent its rise to become largest economy in 2050[/color]
same as Euromadian coup
I dont agree with chadhwas view of sitting back and "swallow it" .. security is important for economic progress.
India cannot have another hostile front especially at the chicken neck area
Yes indeed. And eventually the same plan for China and the CCP, Indonesia, and other large countries so that they remain divided and dependent.
The governments of incumbent western powers - particularly the USA - are currently not pursuing a long-term coexistence policy but rather still working on continued dominance strategies. So of course they WILL try to undermine India and other nations while continuing beneficial interactions/collaborations.
I think what Chavda is saying is that we should treat this as a given and a fully expected situation, and focus on strengthening ourselves first and foremost. Constant whining over all the injustices/"betrayals" that USA "deep state" is planning will not be productive. However, understanding these plots objectively and taking decisive actions (or even counter-actions) to ensure we come out winning, is the key.
In the past, such things were ultimately decided by direct wars between the main contestants, the last such circus was WW2. Then came the cold war, which relied more on indirectly undermining the opponent (smaller "third-party" wars, economics, etc). Now it also includes cyber-propaganda, non-state actors/NGOs, and other "toolkits". Our challenge is to win without getting into all-out wars. I think we are capable of doing it.
We should also ask the question, under what circumstances would an incumbent hegemon willingly give up (or passively cede) their position without too much conflict ? And then work to help/support creation of such circumstances. I see three:
- Insufficient military edge to sustain global occupations and to defend economic interests long-term, and thus a focus on simple self-defense.
- Decline in economic importance and lower capability to influence trade and resources
- Internal heterogeneity/demographic changes leading to lack of "buy in" for global dominance (which is a "white man" project)
Re: Bangladesh News and Discussion
Posted: 25 Aug 2024 01:24
by Rakesh
https://x.com/SJha1618/status/1826906514579173866 ---> And almost on cue we have this article in the US Naval Institute's Proceedings magazine about the importance of Bangladesh: 'The United States currently has no bases in the Bay of Bengal. Bangladesh—with its manpower, vibrant shipbuilding industry, and a professional navy—could offer U.S. Navy ships a place for rest, recuperation, and rearming.'
As if on cue another thing to berate India. Apparently dam water released without information post heavy rain and this has been spun as India's water weapon against the overthrow of Shaikh Haseena govt.
Unfortunate optics.
Re: Bangladesh News and Discussion
Posted: 26 Aug 2024 17:37
by Mukesh.Kumar
Bangladesh keeps sending confusing signals.
Couple of days before they were publishing videos for boycotting Indian products and now they are protesting at the Indian visa center because visa issuance is stopped. https://x.com/jpsin1/status/1827996596862079177
Re: Bangladesh News and Discussion
Posted: 26 Aug 2024 21:07
by S_Madhukar
Al- taqqiya only. Now that democracy is established Yunus should help all of them to migrate to the US.
They already have such a good shipping industry, container ships can be filled
Couple of days before they were publishing videos for boycotting Indian products and now they are protesting at the Indian visa center because visa issuance is stopped....
What's the confusion?
Jihadis don't want kafirs and don't want give money to kafirs so the ban on Indian products.
They want to continue to migrate to kafir lands to make them dar-ul-islam
They are and always have been very clear about it.
Re: Bangladesh News and Discussion
Posted: 26 Aug 2024 23:43
by Lisa
Global fashion brands cut Bangladesh orders after turmoil
Couple of days before they were publishing videos for boycotting Indian products and now they are protesting at the Indian visa center because visa issuance is stopped. https://x.com/jpsin1/status/1827996596862079177
No confusion. Old joke but applicable, Yankee go home, Yankee go home but take me with you!
Re: Bangladesh News and Discussion
Posted: 27 Aug 2024 06:09
by sanman
Re: Bangladesh News and Discussion
Posted: 28 Aug 2024 08:43
by chetak
Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over $1 billion.
Five Indian power companies that supply electricity to Bangladesh are owed more than $1 billion, according to a report by The Economic Times.
Of this, approximately $800 million is owed to Adani Power, which supplies electricity from its 1.6 GW coal-fired plant in Godda, Jharkhand, through a dedicated transmission corridor.
SEIL Energy India is owed around $150 million as of June 30, 2024, under its power purchase agreement for 250 MW with Bangladesh. The country, which has recently experienced severe political unrest, also owes NTPC nearly $80 million for supplying around 740 MW of electricity from three of its plants. Meanwhile, PTC India, which supplies 250 MW of power from West Bengal State Electricity Distribution Co to the Bangladesh Power Development Board, is owed $79 million, although it managed to recover $46 million by August 25. Power Grid Corporation of India is owed $20 million.
Re: Bangladesh News and Discussion
Posted: 28 Aug 2024 11:10
by Manish_P
chetak wrote: ↑28 Aug 2024 08:43Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over $1 billion.
Looks like these will be borne by tax paying Indians.
Re: Bangladesh News and Discussion
Posted: 30 Aug 2024 19:01
by chanakyaa
Apologies, if this has already been covered. This may not be new to our seasoned BRFites, but in case anyone finds it useful. While watching a video (in Marathi language) on global affairs, happening/upcoming wars and conflicts, part of the conversation covered Beediland. It is striking how the script for the removal of Hasina matches removal of Prime Minister of Iran Mohammed Mossadegh in 1953.
