‘Monster is Gone’: Bangladesh interim leader Muhammad Yunus hails students revolution; PM Modi extends best wishes

News Network
August 12, 2024

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New Delhi: Nobel laureate Muhammad Yunus - who last week took oath as head of Bangladesh's interim government - has heaped praise on students who spearheaded protests against ousted Prime Minister Sheikh Hasina. "There is no doubt... because of the student-led revolution the whole government collapsed..." Mr Yunus told reporters after a Sunday night meet with the students.

"I said (to the students), 'I respect you... I admire you. What you have done is absolutely unparalleled... and because you ordered me to do this (to take charge of the interim administration) I accept...'," Mr Yunus said, recounting part of the conversation he had with the students.

Two of the student protesters - Nahid Islam and Asif Mahmud - are part of a 16-member advisory council that was sworn in with Mr Yunus. The 84-year-old won the 2006 Nobel Peace prize for his work in microfinance and setting up the Grameen Bank, which works for community development.

Mr Yunus has also stressed the wave of resignations of high-ranking public officials, including the Chief Justice of the Supreme Court and head of Bangladesh's central bank, was "conducted legally".

They had reportedly been issued ultimatums to quit.

"They want to have a new court," he said of the students. "So they went there and asked the chief justice to resign and put their pressure to make him resign."

"I'm sure they will find the legal way to justify all of this, because legally... all the steps were followed," he said. His office only agreed to publish these quotes Monday evening.

"Finally, this moment, the monster is gone," Mr Yunus also said, referring to Ms Hasina's departure and the end of what her critics said was an autocratic rule that stifled all dissent. 

However, Mr Yunus warned the interim government that public goodwill is a limited resource and that they would face many difficult decisions ahead. "The moment you start taking decisions, some people will like your decisions, some people will not like your decisions," he said. "...that's the way it works."

The interim government was formed after Bangladesh witnessed weeks of violence and clashes - triggered by protests over a jobs quota - forced Ms Hasina, a five-time PM, to resign and flee.

Sheikh Hasina left the Prime Minister's residence in Dhaka - hours before it was overrun - and flew to India in a Bangladeshi military aircraft. The 76-year-old, seen as a key ally of New Delhi, remains in an undisclosed location amid reports she will seek political asylum, possibly in the United Kingdom.

Following Ms Hasina's departure Md Yunus - who faced multiple corruption charges under the previous government and was in Europe while Sheikh Hasina was in power - was picked by the protesting to oversee democratic reforms.

His first act after being administered an oath of office - and taking the title of 'chief advisor' - was to lead a solemn tribute to the more than 450 people who died in the protests.

It is unclear when Bangladesh will hold an election to select a new Prime Minister. Whenever that is, Mrs Hasina is likely to return to contest, her son, Sajeeb Wazed Joy told The Times of India. "She will go back to Bangladesh the moment the interim government decides to hold an election," he said.

Modi's "Best Wishes"

Meanwhile, Prime Minister Narendra Modi has extended his best wishes to Mr Yunus,

"We hope for an early return to normalcy, ensuring the safety and protection of Hindus and all other minority communities. India remains committed to working with Bangladesh to fulfil the shared aspirations of both our peoples for peace, security and development," he wrote on X. 

With the change of guard in neighbouring Bangladesh, the Indian government now faces a diplomatic dilemma, even as China was also swift to welcome Dhaka's new authorities, saying it "attaches importance to the development" of relations.
 

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News Network
August 29,2024

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21-year-old Kaivalya Vohra and 22-year-old Aadit Palicha of quick-commerce startup Zepto with net worth of Rs 3,600 crore and Rs 4,300 crore respectively have topped the 2024 Hurun India Rich List showcasing the youngest entrepreneurs in the country. 

The list, released on Thursday, had SG Finserve’s Rohan Gupta & Family, 25, on the third spot with a wealth of Rs 1,300 crore followed by 26-year-old Shasvat Nakrani of BharatPe (Rs 1,300 crore). 

OYO’s Ritesh Agarwal, 30, with a net worth of Rs 1,900 core; Alakh Pandey, 32, of Physics Wallah with Rs 4,500 crore in wealth were also on the list. Razorpay’s Harshil Mathur and Shashank Kumar, both 33, were the richest in the ‘Hurun India Rich List – Youngest’ with each having a net worth of Rs 8,700 crore. 

“These individuals are driving change across various industries, reflecting the growing impact of India’s youth in business,” the report said. 

52 entrepreneurs on this year’s list were founders of 29 unicorns and two founders of gazelles, defined as most likely to ‘go unicorn’ within two years. Moreover, the cumulative wealth of Indian unicorn and gazelle listers on the rich list increased by 5 per cent to Rs 2.85 lakh crore. 

Meanwhile, this year’s list reported India’s billionaire count hitting 334, topped by Gautam Adani and family with 95 per cent growth in wealth to Rs 11.6 lakh crore followed by Rs 10.14 lakh crore net worth of Mukesh Ambani and family, Rs 3.14 lakh crore of Shiv Nadar and family, Rs 2.89 lakh crore of Cyrus S Poonawalla and family, and Rs 2.49 lakh crore of Sun Pharmaceutical Industries’ Dilip Sanghvi. 

“India is emerging as Asia’s wealth creation engine! While China saw a 25% decline in its number of billionaires, India experienced a 29% increase, reaching a record 334 billionaires,” said Anas Rahman Junaid, Founder and Chief Researcher, Hurun India. 

The list found 1,539 individuals across 134 cities with a net worth of Rs 1,000 crore. The cumulative wealth of individuals, according to the list, jumped by 46 per cent. Moreover, 1,334 individuals saw their wealth increase or stay the same, of which 272 are new entrants, while 205 recorded a drop in their wealth. 

The report said India minted a new billionaire every five days last year.

Sector-wise, industrial products had 142 individuals from the list while pharmaceuticals had 136 individuals. Chemicals, software, and real estate were other top sectors with 127, 105, and 91 rich individuals from this year’s list. 

“The pivot in the Indian economy from a services-led to a manufacturing-led model is reflected in the 2024 Hurun India Rich List. Industrial products sector entrepreneurs on the list have seen a remarkable 47% CAGR in their cumulative wealth over the past five years—the highest among all sectors,” said Junaid. 

This shift, he said, is fueled by several key factors, including the central government’s significant increase in capital expenditure on infrastructure development, which has risen to $133.3 billion for FY2024-25, marking an 11.1 per cent jump from the previous year.  

“Additionally, India attracted substantial foreign direct investment (FDI), with total inflows reaching US$17.96 billion in FY2023-24.” 

Mumbai with 386 individuals followed by New Delhi with 217 individuals were home to rich listers this year. Bengaluru (100), Chennai (82), Kolkata (69) were other top cities.

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News Network
August 27,2024

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Thiruvananthapuram: Actor Mohanlal has resigned as president of Association of Malayalam Movie Artists (AMMA) following widespread criticism and growing pressure over handling of sexual harassment allegations within Malayalam film industry. All members of the AMMA executive committee have also submitted their joint resignation.

A statement from AMMA said the top decision-making body had taken "moral responsibility" and dissolved itself "in light of allegations made by some actors against some of the committee".

An election to form a new committee will be held within two months, AMMA said.

Senior figures in the Malayalam film industry face sexual abuse complaints following the public release of the Justice Hema Committee report last week. The report - which includes multiple shocking stories of abuse - was submitted to the Kerala government in 2019 but then buried.

It was made public this month after clearing legal challenges from film industry members.

A junior artiste told a TV channel he raped her at his home in Ernakulam district in 2019, after inviting her there on the pretext of a role in one of his films. He has claimed the allegation is false, and meant to scupper his chances of succeeding fellow thespian Siddique as General Secretary of the film body.

Siddique quit last week over another sexual assault claim. He has lodged a police complaint against his accuser, Revathy Sampath, who said she had been "sexually abused... physically and mentally".

Another actor, Minu Muneer, has accused prominent actors M Mukesh and Jayasurya, as well as two others, of physically and verbally abusing her on the sets of a movie in 2013.

"I had a bitter experience while shooting... I went to the restroom and when I came out, Jayasurya hugged me and kissed me without my consent. I was shocked and I ran out," she said.

Maniyanpilla Raju, one of those accused by Ms Muneer, has called for an investigation into the allegations, claiming multiple vested interests are behind the accusations.

Kerala Chief Minister Pinarayi Vijayan, under severe scrutiny, announced a seven-member SIT to probe all sexual assault charges.

That has not, however, stopped the predictable avalanche of political attacks from the opposition BJP and the Congress-led United Democratic Front. 

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News Network
September 9,2024

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Mangaluru: The Unicode Consortium has announced the inclusion of Tulu script in its latest version, Unicode 16. This update adds 80 characters to the Unicode Standard, marking a significant milestone for the Tulu-speaking community.

According to officials, the journey to this achievement began in 2001 when a member of the Unicode Consortium helped fix the Kannada script in Unicode and simultaneously advocated for the inclusion of Tulu.

Despite initial misunderstandings with the Tulu Academy in Mangaluru, the groundwork was laid for future developments. Initially, three Tulu experts had worked on the subject, including S A Krishnaiah, a Tulu scholar.

"In 2014, efforts to create a Tulu Wikipedia gained momentum, leading to its launch on August 6, 2016. By 2017, the Tulu Academy recognised the need for Tulu Unicode, forming a committee to finalise the characters with technical guidance. Concurrently, another proposal for the Tilari script was submitted," Krishnaiah said.

After extensive correspondence, the script was officially added to Unicode under the name Tulu-Tigalari. While there are minor differences between the Tulu Academy's list and the finalised Unicode version, most characters have been included. Notably, Tulu digits and some diacritic marks necessary for writing Sanskrit in Tulu script were added, he said.

According to him, the inclusion of the Tulu script in Unicode will have a significant positive impact on digital communication for Tulu speakers, including enhanced digital presence. Tulu speakers can now use their native script across various digital platforms, including social media, websites, and messaging apps, fostering a stronger online presence.

The availability of Tulu in Unicode will facilitate the creation of educational materials, such as textbooks and online courses, in the Tulu script, supporting language learning and literacy, he said.

The development of Unicode-encoded fonts, keyboard software, and converters will streamline the use of Tulu in digital communication, making it easier for users to type and share information in their native script, he said.

Being part of the Unicode Standard gives Tulu global recognition, encouraging more software and application developers to support the script, thereby increasing its usability and visibility, the Tulu scholar said.

Overall, this will empower Tulu speakers to communicate more effectively and confidently in their language, both locally and globally.

It is estimated that over 1.8 million people worldwide speak Tulu. Most Tulu speakers live in the coastal areas of Karnataka and Kerala, India, in regions known as Tulu Nadu. There are also Tulu speakers in the Gulf countries and the United States, he said.

Tulu is a Dravidian language and is related to Kannada, the official language of Karnataka. Tulu has a rich oral tradition, but there isn't much written in the language. Tulu's script is similar to Malayalam and originated from the Grantha script.

A long-drawn fight is ongoing to include Tulu in the Eighth Schedule of the Constitution. The Dravidian University at Kuppam in Andhra Pradesh has a special Tulu chair, he added.

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