India shuts trade doors on Bangladesh? New Delhi flexes economic muscle as Dhaka sides with China
It's been nearly a year since mass protests in Bangladesh toppled Sheikh Hasina's regime, ushering in an era of political uncertainty and bold realignments. Now, Dhaka is tightening export rules on Indian goods. India has hit back, imposing restrictions on imports through land ports, affecting over $770 million worth of trade. But this isn't just a tariff war. It's about power, influence, and China. In this episode of Grey Zone, Ananya Dutta explores the trade fallout, the geopolitical undercurrents, and what it means for South Asia's strategic future.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
33 minutes ago
- Business Standard
The hub of the matter: Airport competitiveness to shape air treaties
The subtext here is that the Indian airline industry is looking to expand international connectivity substantially Listen to This Article The recent disagreement between Emirates President Tim Clark and IndiGo Chief Executive Officer (CEO) Pieter Elbers over bilateral air-service agreements reflects the emerging competitive paradigms between West Asia's state-owned airlines and India's private sector-driven industry. At the annual general meeting of the International Air Transport Association, Mr Clark, who heads West Asia's largest airline, had criticised the Indian government for its 'restrictive' policies towards bilateral seat agreements with foreign airlines. He had sought increasing seat capacity between India and Dubai from the current 65,000 per week to 140,000. The Indian government has contended that it needs to counter the unfair
India Today
38 minutes ago
- India Today
5 things to know about Anji Khad Bridge: A key link on Delhi-Srinagar rail route
When Prime Minister Narendra Modi flags off the much-awaited Delhi-Srinagar rail service, it will mark a weighty chapter in India's transport history. The Anji Khad Bridge, named after the Anji river itself, will be the centre of attraction along with the Chenab Bridge, the world's highest railway arch bridge. The bridges are part of the USBRL rail link between Delhi and Srinagar via the Katra. Among the key highlights of this launch by Narendra Modi will be the inauguration of the Anji Khad Bridge, a one-of-its-kind structure that stands tall in the Reasi district of Jammu and Anji Khad Bridge is the first cable-stayed railway bridge in the country, and a crucial part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project, which aims to connect the Kashmir Valley with the rest of India by rail. Alongside the iconic Chenab Bridge, this engineering marvel is expected to redefine connectivity in the region.1. A LANDMARK IN RAILWAY ENGINEERINGStretching over 725 metres and rising 331 metres above the riverbed, the bridge connects Katra and Reasi. Its most striking feature is the 193-metre-high single main pylon that supports 96 cables of varying lengths. This design ensures structural stability in a region known for complex geology and seismic activity.2. MADE FOR THE MOUNTAINS Built to handle tough weather and terrain, the bridge can withstand wind speeds of over 200 km/h. It includes a single railway track, a 3.75-metre-wide service road, and pedestrian paths on both sides. It's a project shaped by the demands of the Himalayan landscape.3. TECHNOLOGY MEETS TERRAINadvertisementThe construction integrated advanced systems such as the DOKA jump-form shuttering and a 40-tonne tower crane imported from Spain. These innovations helped improve safety and reduce construction time by nearly a third.4. INTERNATIONAL GRADE SAFETYWith design standards blending Indian and European codes, the bridge has undergone extensive proof-checking by global consultants, including teams from the UK and Italy. Sensors embedded in the structure will continuously monitor its health throughout its service life.5. NEW LIFELINE FOR KASHMIRThis bridge isn't just infrastructure -- it's a step toward economic inclusion. Once operational, the Delhi-Srinagar train will open up new avenues for tourism, trade, and mobility across Jammu and Anji Khad Bridge stands not only as a technical achievement but also as a symbol of India's growing capability in transforming aspirations into concrete Watch
The Print
42 minutes ago
- The Print
Rupee falls 26 paise to close at 85.87 against US dollar
At the interbank foreign exchange, the domestic unit opened at 85.69 and moved between the high of 85.69 and a low of 86.05 against the greenback during the day. Forex traders said the local unit remained under pressure on geopolitical tensions between Russia-Ukraine and elevated crude oil prices. Mumbai, Jun 4 (PTI) The rupee depreciated for the second consecutive session and settled for the day lower by 26 paise at 85.87 against the US dollar on Wednesday, largely driven by strong dollar demand from importers. The unit closed the session at 85.87 against the dollar, registering a loss of 26 paise from its previous close. On Tuesday, the rupee depreciated 22 paise to settle at 85.61 against the US dollar. The local unit registered the second consecutive session of fall and has lost 48 paise over the greenback. 'The Indian rupee extended its depreciation for a second consecutive day, emerging as the weakest performer among Asian currencies. This decline was driven by strong dollar demand from importers, a lack of intervention, and weaker-than-expected PMI figures,' said Dilip Parmar, Senior Research Analyst, HDFC Securities. On the domestic macroeconomic front, the Indian services growth broadly steadied in May and was underpinned by healthy demand conditions, new client wins and greater staffing capacity. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 58.8 in May, marginally up from April's 58.7. Market participants are now keenly awaiting the outcome of the Reserve Bank of India's monetary policy meeting for direction trade. The Reserve Bank's rate-setting panel started its three-day brainstorming on monetary policy on Wednesday and the outcome is scheduled to be announced on June 6. Experts are of the view that the RBI may reduce the repo rate by 25 bps on Friday and another similar cut in the next policy. SBI research expects the central bank to go in for a 'jumbo' rate cut of 50 bps in June itself. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.15 per cent at 99.07. Brent crude, the global oil benchmark, rose 0.24 per cent to USD 65.79 per barrel in futures trade. 'Technically, the spot USDINR has broken out upwards, forming a bullish chart pattern. The bias for the pair has turned positive, suggesting a further appreciation towards 86.50 in the coming days, with support now established at 85.30,' Parmar added. In the domestic equity market, the 30-share BSE Sensex surged 260.74 points, or 0.32 per cent, to close at 80,998.25, while the Nifty rallied 77.70 points, or 0.32 per cent, to 24,620.20. Foreign institutional investors (FIIs) purchased equities worth Rs 1,076.18 crore on a net basis on Wednesday, according to exchange data. PTI DRR TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
