One action by India and Bangladesh loses Rs 9367 crore, Modi govt punishes anti-India Yunus by…
The Directorate General of Foreign Trade (DGFT) issued a notification where it has stated that the import of ready-made garments from Bangladesh will now be restricted to just two ports—Nhava Sheva and Kolkata Port.
New Delhi: The Modi authorities is in plump circulation mode and taking the whole stern steps to waste terrorism and its breeding grounds. After launching a brutal assault on nine terrorist camps in Pakistan and PoK, the Indian authorities is now concentrated on worldwide locations that toughen Pakistan or preserve end ties with it. These consist of Turkey and Azerbaijan, and even Bangladesh, which has a deep friendship with China, is now on India’s radar.
Honest no longer too lengthy ago, Mohammad Yunus made controversial remarks in opposition to India all the arrangement through his focus on with to China. Now, he is decided to pay a heavy label for it. With good one transfer, India is able to reason a lack of USD 770 million—roughly Rs 6,581 crore or about 9,367 crore Bangladeshi Taka—to this end ally of China. Let’s know the manner that is going down…
India Bans Land Ports for Bangladesh
The Modi authorities has launched a scathing financial strike in opposition to Bangladesh. India has banned loads of Bangladeshi goods from entering through its land ports. India revoked the transshipment facility it had granted in 2020, which had allowed Bangladesh to export to the Heart East and Europe by ability of Indian ports and even the Delhi airport.
On Saturday, May 17, India imposed restrictions at its ports on loads of kinds of products imported from Bangladesh, in conjunction with ready-made clothes and processed meals merchandise, amongst others.
On Saturday, the Directorate Standard of Foreign Alternate (DGFT) issued a notification the assign it has acknowledged that the import of ready-made clothes from Bangladesh will now be restricted to good two ports—Nhava Sheva and Kolkata Port.
Imports through all diverse land ports shall be prohibited. This clearly manner that Bangladesh will now should count entirely on sea ports for its exports as a replace of land ports.
GTRI Unearths the Extent of Loss to Bangladesh
Following the directive from the Directorate Standard of Foreign Alternate (DGFT), these steps were taken, whereby the Authorities of India has without extend restricted Bangladeshi goods at land ports and allowed their entry simplest through two designated sea ports.
A document released by the World Alternate Overview Initiative (GTRI) explains the aptitude impact of this circulation by India on Bangladesh. In accordance with the document, India’s resolution to ban Bangladeshi imports by ability of land ports may affect goods price $770 million (roughly 9,367 crore Bangladeshi Taka), which accounts for approximately 42% of the whole bilateral imports.
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