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India is faced with an unprecedented political turmoil in Bangladesh after the formidable prime minister for the last fifteen years – Sheikh Hasina Wazed– was forced by the army generals and members of her own security team to leave the country within just 45 minutes. She is now in Delhi, waiting for a green signal from any western country for political asylum. The developments over the last three days in Bangladesh moved at such a rapid pace that even the Indian intelligence had no prior information about the last-minute turn of events. Indian foreign ministry officials are stunned at the suddenness of the events in a neighbouring country, in which successive Indian governments, over the years, invested most in terms of political and economic capital.

All banks have a savings account product with minimum balance requirements. If the minimum account balance (MAB) is not maintained, a fee is charged. However, in the interest of financial inclusion, the RBI mandated that all banks should also offer a no-fee zero account balance basic savings bank deposit account (BSBDA). But most banks cheat with a simple con – by converting the zero balance account into a regular savings account by resorting to what is called “implicit consent” and not an “explicit consent”, from the word go.

What has happened in Bangladesh was inevitable. It is extreme historical irony that Sheikh Hasina had to eventually flee Bangladesh, the country which was literally fathered by her father Sheikh Mujibur Rahman. Hasina, who once helped rescue Bangladesh from military rule and restore the democratic governance, has been primarily responsible for creation of this situation.

Even though Supreme Court of India has given its verdict that Lieutenant Governor (LG) of Delhi has power to nominate ‘aldermen’ to the Municipal Corporation of Delhi (MCD) under Delhi Municipal Corporation Act, 1957 without aid and advice of the Council of Ministers of Delhi, LG must continue the tradition of consulting for the sake of and to respect the spirit of democracy and federalism enshrined under the Constitution of India.

Nine days after the presidential elections in Venezuela held on July 28 in which the incumbent president Nicholas Maduro won defeating the candidate of the national opposition, the far right Edmundo Gonzalez, the political situation in the oil rich South American country is still in turmoil with the western countries led by the USA refusing to accept the verdict officially announced by the government’s National Election Council. The US administration and the European Union have not recognized Maduro as the elected president. In fact US state department has said that according to them, the opposition candidate Gonzalez has won and they recognize him as the real President.

LONDON: The nuclear atrocities committed on the Japanese cities of Hiroshima and Nagasaki on August 6 and 9 1945 took place not by accident but by intent, as the most reactionary forces in the world, led by the US, pursued their goals of domination of the Western Pacific in the post-war world.

The Thailand government is pressing ahead with its plans to legalize land-based casinos within large entertainment venues, a government spokesperson said last month. Prime Minister Srettha Thavisin has reportedly asked the country’s finance ministry to draft a comprehensive bill to provide the legal foundation for casino firms to set up and run their business. The initiative is expected to make Thailand a more attractive tourism destination among foreign tourists. The spokesperson informed that Deputy Finance Minister Julapun Amornvivat will lead the preparation of the bill. As per the government estimates, integrated entertainment complexes with casinos will generate $328 million in the first year of their operations.

The sudden and sharpest cut in the import duty on gold and gold doré seems to be quite confusing since even at a 15 percent import duty on gold India’s import of the yellow metal surged nearly 30 percent amounting US$45.54 billion in the last financial year. The gold import in the previous year was valued at close to $37 billion. This year’s budget had drastically pruned the customs duty on gold by nine percent to only six percent, the lowest since June 2013. The customs duty on gold doré has been reduced to 5.35 percent from 14.35 percent.

It might be too soon to judge how well Rahul Gandhi is shaping up as the new Leader of the Opposition (LOP) in Lok Sabha. The current budget session ends in just a few days, so we'll need more time to understand his leadership fully. But he has begun well.

It is ironic that BJP which ten years back claimed itself as the party with a difference having high level of discipline is facing indiscipline and factional infighting in most of the states after the 2024 Lok Sabha elections. . Since the formation of the present BJP in 1980, the party faced organizational problems on different occasions but the dimension of the crisis was never so larger as it is now after ten years of Narendra Modi’s rule.