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The Indian rupee has reached its lowest level in two years, depreciating 0.7% in a single day to 86.7550 against the US dollar. Since December, the rupee’s value has dropped by 2%, driven by India’s slow economic growth and expectations of an interest rate cut by the central bank in February. Analysts predict further depreciation unless significant interventions are made. The decline has also strained the central bank’s reserves, highlighting broader economic challenges.
Indian Rupee Continues Downward Slide, Hits Two-Year Low Against Dollar
Donald Trump’s return to the U.S. presidency is expected to lead to stricter H-1B visa regulations, raising concerns among Indian professionals. Reports indicate that some Indians, despite receiving job offers, face delays, revocations, and visa issues. Many worry that the tightening of visa policies will disproportionately affect Indian workers, as they make up a significant portion of H-1B visa recipients, with 72% of 2023 visas granted to Indians.
Trump’s Return to Presidency Could Tighten H-1B Visa Rules, Impacting Indian Workers
Former Indian diplomat and Congress leader Mani Shankar Aiyar suggested that ousted Bangladeshi Prime Minister Sheikh Hasina should be allowed to stay in India indefinitely, even for life, recognizing her contributions to India. Speaking at a literary festival in Kolkata, Aiyar praised recent diplomatic discussions between India and Bangladesh and emphasized continued dialogue. Amid political turmoil and protests, 77-year-old Hasina left Bangladesh for India in August and has since remained there. Aiyar also addressed Bangladesh’s extradition demands.
Sheikh Hasina’s Contributions to India Deserve Lifetime Shelter, Says Mani Shankar Aiyar
India has reduced the export price of onions by $100 per ton, lowering it from $405 to $305, effective January 6, to boost exports. Previously, the high price of Indian onions significantly reduced demand in Bangladesh, causing substantial losses for importers. At $405 per ton, Indian onions were less competitive, especially as local supplies increased. The price cut aims to make Indian onions more affordable in the Bangladeshi market, reducing the cost of opening a letter of credit (LC) by about 4 lakh taka per truck. This adjustment seeks to revitalize demand, balance market dynamics, and ensure both consumer affordability and farmer profitability in light of the changing trade conditions.
India has reduced the export price of onions by $100, from $405 to $305.
Five years after the coronavirus, Indian media reports China is facing another viral threat with HMPV. These reports suggest HMPV is rapidly spreading, overwhelming hospitals. Indian media also mentions concurrent viruses like Influenza A and Mycoplasma pneumoniae. Despite rumors of an emergency, no official confirmation exists. Health experts, per Indian reports, are alarmed by HMPV's symptoms resembling the coronavirus, especially impacting pediatric care with increased pneumonia cases. China's health officials are monitoring, as per these reports.
Indian Media Spreading News of New HMPV Outbreak in China, Fears of an Epidemic!
Dilip Ghosh, former BJP president and MP, has called for a boycott of Bangladeshi products. On Tuesday, this call was made through a post on his official Facebook page, where he stated that the money from selling these products in India supports anti-India activities. He included images of these goods in the post. Previously, there have been calls in Bangladesh to boycott Indian products. After Ghosh's post, many left comments, with one suggesting immediate protests against anyone selling these items.
Dilip Ghosh, former BJP president and MP, has called for a boycott of Bangladeshi products.
The Press Wing of Bangladesh’s Chief Adviser has dismissed a recent Zee News report titled “Operation Octopus Analysis on Muhammad Yunus” as entirely false and fabricated. The report is claimed to be part of a coordinated Indian media campaign against the interim government of Bangladesh led by Professor Yunus. The Press Wing urged people not to heed such malicious propaganda designed to destabilize the country. It also highlighted that after assuming leadership, Professor Yunus invited Indian media to report from Bangladesh, but many Indian outlets ignored the invitation and instead fabricated stories using anonymous sources.
Zee News Report on Dr. Yunus Is Fabricated
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