October 17, 2024
2 mins read

Bangladesh: Yunus-govt cancels holidays introduced by Hasina

The other holidays cancelled include “Historic March 7” Day, the birth anniversary of Sheikh Hasina’s brother on August 5…reports Asian Lite News

In Bangladesh, the interim government led by Prof. Muhammad Yunus announced the cancellation of eight national holidays introduced by Sheikh Hasina, including the birth and death anniversaries of Sheikh Mujibur Rahman, observed on March 17 and August 15, respectively. The announcement was made on Wednesday through a post on the verified Facebook page of the chief adviser to the interim government.

The other holidays cancelled include “Historic March 7” Day, the birth anniversary of Sheikh Hasina’s brother on August 5, the birth anniversary of her mother on August 8, the birthday of her younger brother on October 18, National Constitution Day on November 4, and Smart Bangladesh Day on December 12.

Meanwhile, Sheikh Hasina’s party, the Awami League, has accused the interim government of attempting to erase the history of Bangladesh’s creation by “pressing the reset button.” In a statement posted on its verified Facebook page, the party stated that the government had cancelled eight national holidays, including March 7, which marks Bangabandhu’s historic speech that united the Bengali people during the Liberation War.

In a related development, Nahid Islam, the ‘student coordinator’ and adviser to the interim government, said in a statement on Wednesday in Dhaka that the interim government does not recognise Sheikh Mujibur Rahman as the Father of the Nation.

Meanwhile, Bangladesh’s post-Covid recovery continues to be impacted by high inflation, balance of payments deficit, financial sector vulnerabilities, and increasingly limited job opportunities for its youth, especially women and educated youth, says the World Bank in its twice-yearly-update, released on Tuesday.

The latest Bangladesh Development Update highlights that global and domestic factors have created a challenging macro-fiscal context for the country. Bangladesh’s real GDP growth moderated to 5.2 per cent in FY24, primarily due to weak consumption and exports. It is projected to decelerate to 4.0 per cent in FY25, driven by subdued investment and industrial sector activities, before accelerating to 5.5 per cent in FY26 and returning to a robust growth trajectory thereafter.

Bangladesh also faces increasing income inequality, particularly in urban areas. From 2010 to 2022, Bangladesh’s Gini index–a measure of income inequality–increased by nearly three points from 0.50 to 0.53. The report highlights urgent and bold reforms that are necessary to help the country return to a strong, inclusive and sustainable growth path.

ALSO READ: India’s September Russian oil imports rise 11.7%

Previous Story

China, Pak reaffirm position on Kashmir

Next Story

Bangladeshi professor raises concern over attacks on minorities

Latest from -Top News

BRICS Bank Welcomes Colombia, Uzbekistan

The bank’s Board of Governors approved the accession of the two countries, bringing the total membership to 11….reports Asian Lite News Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding

Musk Goes Political

Billionaire tech mogul launches ‘America Party’ to challenge Washington’s status quo…reports Asian Lite News In a sensational twist to the Trump-Musk fallout saga, the Tesla CEO launched his own “America Party”. Musk

UAE Takes Part in 3rd BRICS Sherpa Meeting

For the UAE, BRICS provides a valuable platform for dialogue and policy coordination across regions….reports Asian Lite News Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs and the UAE’s
Go toTop

Don't Miss

Indian Travel Trends 2024

As we look ahead, to the year 2024, the data

India’s car buying budget up 30% in 2022

Last year, every two minutes, users enquired about the mileage