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Bangladesh to hold election by April next year: Chief Adviser Yunus

Bangladesh to hold election by April next year: Chief Adviser Yunus

The Print06-06-2025

During a televised address to the nation, Yunus said the Election Commission will provide a detailed roadmap in due course, the Dhaka Tribune newspaper reported.
The announcement comes amid recent protests by the former premier Khaleda Zia's Bangladesh Nationalist Party (BNP) demanding elections by December this year.
Dhaka, Jun 6 (PTI) Bangladesh's Chief Adviser Muhammad Yunus on Friday announced that the national election will be held in the first half of April next year, according to a media report.
'There is immense public and political interest regarding the timing of the election. As I've said before, it will be held between December and June. The government is working to ensure an environment conducive to a credible election within this timeframe,' he said.
Yunus, who took charge after the toppling of the former premier Sheikh Hasina's Awami League government in August last year, said that the government's key responsibility is to hold a clean, peaceful, festive, and inclusive election.
'Our goal is to prevent future crises. That requires institutional reform. Without ensuring good governance in the institutions directly linked to the electoral process, all the sacrifices made by students and citizens will be in vain,' the 84-year-old Nobel Laureate said.
He reiterated that the current administration was formed with three mandates: reform, justice, and election.
'We believe that by the upcoming Eid-ul-Fitr, we will reach a broadly acceptable position on reforms and justice — particularly in addressing crimes against humanity, as part of our collective duty to the martyrs of the July uprising,' he said.
On May 28, former premier Khaleda Zia's Bangladesh Nationalist Party (BNP) intensified pressure on the Yunus-led interim government as tens of thousands of youths staged a massive rally demanding elections by December.
'The national election must be held by December. Preparations must begin immediately,' BNP's acting chairman Tarique Rahman said as he joined the rally through a virtual platform from London. PTI GSP GSP
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

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‘Highest in two years': India increases oil imports from Russia, US amidst Iran-Israel war; why it's about strategic positioning, not panic
‘Highest in two years': India increases oil imports from Russia, US amidst Iran-Israel war; why it's about strategic positioning, not panic

Time of India

time40 minutes ago

  • Time of India

‘Highest in two years': India increases oil imports from Russia, US amidst Iran-Israel war; why it's about strategic positioning, not panic

Indian refiners are expected to purchase 2-2.2 million barrels per day of Russian crude oil in June, reaching a two-year peak. (AI image) Iran-Israel conflict impact: India has increased its Russian oil procurement in June, with import volumes surpassing the combined purchases from Saudi Arabia and Iraq, amidst market instability following Israel's significant offensive against Iran. India, the world's third-largest oil importer and consumer, acquired approximately 5.1 million barrels of crude oil internationally, which refineries process into products such as petrol and diesel. According to preliminary analysis by global trade analytics firm Kpler quoted in a PTI report, Indian refiners are expected to purchase 2-2.2 million barrels per day of Russian crude oil in June, reaching a two-year peak and exceeding the total quantities acquired from Iraq, Saudi Arabia, the UAE and Kuwait. India's Shift To Russia, US Oil Following Russia's invasion of Ukraine in February 2022, India shifted its oil procurement strategy significantly. The nation, which historically relied on Middle Eastern supplies, began substantial Russian oil imports due to attractive discounts resulting from Western sanctions and European boycotts. Russian oil imports to India measured 1.96 million barrels per day (bpd) in May. American oil shipments to India increased to 439,000 bpd in June, significantly higher than the 280,000 bpd acquired in the preceding month. Kpler's projections indicate Middle Eastern imports for the complete month will approximate 2 million bpd, showing a reduction from the previous month's acquisitions. India's shift has been substantial, with Russian oil imports rising dramatically from under 1 per cent to approximately 40-44 per cent of India's total crude purchases within a brief timeframe. Sumit Ritolia, Lead Research Analyst, Refining & Modeling at Kpler noted the substantial changes in India's import approach over the past two oil varieties (Urals, ESPO, Sokol) operate independently of Hormuz, utilising alternative routes via the Suez Canal, Cape of Good Hope, or Pacific Ocean. Indian refineries have developed adaptable refining and payment systems, whilst enhancing operations for diverse crude options. Alternative sources from the US, West Africa, and Latin America, despite higher costs, present increasingly feasible alternatives. Iran-Israel war : Growing Middle East Tensions & India Impact Currently, oil supply chains remain stable despite Middle Eastern tensions. "While supplies remain unaffected so far, vessel activity suggests a decline in crude loadings from the Middle East in the coming days," Ritolia was quoted as saying. "Shipowners are hesitant to send empty tankers (ballasters) into the Gulf, with the number of such vessels dropping from 69 to just 40, and (Middle East and Gulf) MEG-bound signals from the Gulf of Oman halving." The current MEG availability is expected to become more constrained shortly, which could necessitate India to reconsider its procurement approach. The Strait of Hormuz, positioned between Iran's northern border and the southern territories of Oman and the United Arab Emirates, functions as the primary channel for petroleum exports from Saudi Arabia, Iran, Iraq, Kuwait, and the UAE. The waterway also accommodates substantial liquefied natural gas (LNG) transportation, particularly from Qatar. With increasing military tensions between Israel and Iran, the latter has indicated possible closure of the Strait of Hormuz, which facilitates one-fifth of global oil movement and significant LNG exports. Also Read | Iran-Israel conflict: India keeping tab on Chabahar Port, International North-South Transport Corridor; why it's important India's dependence on this maritime route is substantial, with 40 per cent of its oil imports and half of its gas requirements passing through this narrow passage. Kpler reports that apprehensions regarding potential Strait of Hormuz closure have grown following Israel's offensive actions targeting Iranian military and nuclear facilities. Iranian hardline elements have suggested closure, and state media outlets predict oil prices could reach $400 per barrel. "Yet, Kpler analysis assigns a very low probability to a full blockade, citing strong disincentives for Iran," Ritolia said. India Insulated? India's crude imports from Russia and the United States in June demonstrate this stability-focused combination. If conflict deepens or there is any short-term disruption in Hormuz, Russian barrels will rise in share, offering both physical availability and pricing relief. India could increase its reliance on the United States, Nigeria, Angola, and Brazil, despite higher transportation expenses. Additionally, India has the option to utilise its strategic reserves, which cover approximately 9-10 days of imports, to address any deficits. The administration could implement price support measures to control inflation if domestic rates increase, particularly for diesel and LPG. Also Read | India bleeds Pakistan dry: Water at 'dead' levels in Pakistan's dams; bigger Indus river plans in the works - top points to know During June 1st to 19th, Russian crude imports to India reached approximately 2.1-2.2 million barrels per day (bpd), sustaining Russia's position with over 35 per cent of India's overall crude imports. This trend has remained stable throughout the previous 30 months. American crude imports to India measured around 439,000 bpd in the identical period, indicating growing trade relationships across the Atlantic and India's strategy to diversify its oil sources. India's crude oil imports in June 2025 reflect a calculated strategic approach rather than a panic response. Russian petroleum serves as both a practical and economic buffer, complemented by supplies from the United States and Atlantic Basin that provide additional supply alternatives. Despite the Middle East's continued significance, particularly for crude and LPG supplies, Indian refineries now have enhanced capabilities to address supply disruptions swiftly. The Strait of Hormuz continues to be a critical passage with minimal risk but substantial potential impact, prompting India's refining industry to establish systems ensuring operational continuity, adaptability and durability. Counter-productivity of blocking Strait of Hormuz Meanwhile, China's position as Iran's primary oil customer, importing 47 per cent of seaborne crude from the Middle East Gulf, creates significant implications for Iran. Iran's heavy dependence on the Strait of Hormuz for oil exports through Kharg Island, which manages 96 per cent of its exports, makes any self-imposed blockade counterproductive. Over the past two years, Tehran has actively worked to restore diplomatic relations with major regional players, particularly Saudi Arabia and the UAE. These nations heavily rely on the Strait for their exports and have expressed opposition to Israel's actions. Disrupting their oil flows could jeopardise Iran's recent diplomatic achievements. Also Read | Iran-Israel conflict: How will blocking of Strait of Hormuz hit India? Indian refiners look at alternative routes for fuel supply A blockade would inevitably trigger an international military response. US and allied forces could detect any Iranian naval preparations beforehand, potentially leading to pre-emptive action. According to Kpler, even limited sabotage attempts would only interrupt flows for 24-48 hours, as US forces could neutralise Iran's conventional naval capabilities within this timeframe. Such actions would result in military consequences and strain diplomatic relations with Oman, compromising Iran's existing communication channels with the US. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Iran-Israel war escalation to impact India€™s trade with West Asia, say experts
Iran-Israel war escalation to impact India€™s trade with West Asia, say experts

Mint

time41 minutes ago

  • Mint

Iran-Israel war escalation to impact India€™s trade with West Asia, say experts

New Delhi, Jun 22 (PTI) Any further escalation of the ongoing war between Iran and Israel will have wider implications for India's trade with West Asian countries, including Iraq, Jordan, Lebanon, Syria, and Yemen, say experts. They said that the war has already started impacting India's exports to Iran and Israel. The US attacked three sites in Iran early Sunday, inserting itself into Israel's war aimed at destroying the country's nuclear programme in a risky gambit to weaken a longtime foe that prompted fears of a wider regional conflict as Tehran accused Washington of launching "a dangerous war". "We are in for big trouble now because of this war. It will have a cascading effect on India's trade with West Asian countries," Mumbai-based exporter and founder chairman of Technocraft Industries India Sharad Kumar Saraf said. Saraf said that his company is also holding back consignments to both these countries. Technocraft Industries manufactures drum closures, nylon and plastic plugs, capseal closures, and clamps. "There will be a cascading effect of this war," he added. Another exporter said that the Indian traders community is already reeling under the impact of the Israel-Hamas conflict and involvement of Yemen-backed Houthis' attack on shipping vessels in the Red Sea. Due to that, shipping lines from India were taking consignments from the Cape of Good Hope, encircling the African continent. Now, because of the Iran-Israel war, another key trading route - the Strait of Hormuz - is getting affected. "This route will hit the movement of oil tankers. I have a feeling that oil tankers will find new routes but that will push crude oil prices. It will have implications on inflation as crude oil prices are the mother of all prices," Saraf said. Think tank Global Trade Research Initiative (GTRI) said that a wider regional escalation could threaten India's much larger trade with the broader West Asian region, including Iraq, Jordan, Lebanon, Syria, and Yemen, where Indian exports total USD 8.6 billion and imports stand at USD 33.1 billion. "Any disruption to shipping lanes, port access, or financial systems in this corridor would severely impact India's trade flows, inflate freight and insurance costs, and introduce fresh supply chain risks for Indian businesses," GTRI Founder Ajay Srivastava said. India's exports to Iran stood at USD 1.24 billion in FY2025, with key items including Basmati rice (USD 753.2 million), banana (USD 53.2 million), soya meal (USD 70.6 million), Bengal gram (USD 27.9 million), and tea (USD 25.5 million). Imports stood at USD 441.8 billion last fiscal. With Israel, India's exports stood at USD 2.1 billion and USD 1.6 billion in imports in 2024-25. He said that the ongoing US-Israel strikes on Iran and the threat of wider conflict could significantly disrupt this trade. Payment channels already strained by US sanctions may face further blockages, while heightened shipping risks in the Gulf could drive up insurance costs and delay shipments. "Perishable exports like rice, bananas, and tea are especially vulnerable. A prolonged conflict could dampen Iranian demand and squeeze Indian exporters, particularly in the agricultural sector," Srivastava said. GTRI said that a key concern is the potential disruption to the Strait of Hormuz, through which roughly 60-65 per cent of India's crude imports transit. "Any blockade or military escalation in this vital maritime corridor would severely impact India's energy security, drive up oil prices, and trigger inflationary pressures at home," it added. India enjoys deep historical, cultural, and economic ties with Iran, once a major crude oil supplier and views Iran's Chabahar Port as a strategic gateway to Afghanistan and Central Asia, providing crucial connectivity while bypassing Pakistan. Yet India also maintains robust relations with the US, Israel, and Gulf Arab states, each now directly or indirectly involved in the unfolding confrontation, Srivastava said. India's crude oil and half of its LNG imports pass through the Strait of Hormuz, which Iran has threatened to close. This narrow waterway, only 21 miles wide at its narrowest point, handles nearly a fifth of global oil trade and is indispensable to India, which depends on imports for over 80 per cent of its energy needs. The Strait of Hormuz, which lies between Iran to the north and Oman and the United Arab Emirates to the south, serves as the main route for oil exports from Saudi Arabia, Iran, Iraq, Kuwait, and the UAE. Many liquefied natural gas (LNG) shipments, especially from Qatar, also pass through the strait. According to the Delhi-based economic think tank, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India's fiscal management. The present conflict that began with an attack on Israel on October 7, 2023, has brought cargo movement through Red Sea routes to a halt due to attacks by Houthi rebels on commercial shipping. Last year, the situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, escalated due to attacks by Yemen-based Houthi militants. Around 80 per cent of India's merchandise trade with Europe passes through the Red Sea, and substantial trade with the US also takes this route. Both these geographies account for 34 per cent of the country's total exports. The Red Sea Strait is vital for 30 per cent of global container traffic and 12 per cent of world trade. Based on the tariff war impact, the World Trade Organisation (WTO) has already said that global trade will contract 0.2 per cent in 2025 as against the earlier projection of 2.7 per cent expansion. India's overall exports had grown 6 per cent on year to USD 825 billion in 2024-25. This year it is expected to cross USD 900 billion. Snapping the two-month rising trend, India's exports declined by 2.17 per cent year-on-year to USD 38.73 billion in May due to a fall in petroleum goods' shipments.

Next West Bengal CM or Team India head coach? Sourav Ganguly drops a massive hint
Next West Bengal CM or Team India head coach? Sourav Ganguly drops a massive hint

Time of India

timean hour ago

  • Time of India

Next West Bengal CM or Team India head coach? Sourav Ganguly drops a massive hint

Kolkata: Former Indian cricketer Sourav Ganguly during an interview with PTI at his residence, in Kolkata. (PTI Photo/Swapan Mahaptra)(PTI06_21_2025_000340A) Former Indian cricket captain Sourav Ganguly has expressed openness to potentially coaching the Indian cricket team while firmly rejecting any political aspirations ahead of the 2026 West Bengal assembly elections. The 53-year-old former BCCI President made these comments during a recent podcast interview with PTI in Kolkata. Ganguly, who served as Team Director of Delhi Capitals from 2018-19 and 2022-24, addressed speculation about his future plans in cricket administration and coaching. "I never really thought about it because I got into different roles. I finished (competitive cricket) in 2013 and then became Board (BCCI) President," Ganguly said, highlighting that promoting women's cricket was his biggest contribution as BCCI President. 04:54 India lose momentum on Day 2 | England Fight Back at Headingley When asked about coaching the Indian team, Ganguly responded: "We'll see what the future holds. I'm just 50 (53), so let's see what happens. I'm open to it. We'll see where it goes." On the political front, Ganguly was unequivocal in his response. When asked about joining a political party, he simply stated: "I am not interested." Even when pressed about the possibility of being offered the state chief minister's position, he maintained the same stance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What She Did Mid-Air Left Passengers Speechless medalmerit Learn More Undo Ganguly shared his thoughts on current Indian coach Gautam Gambhir 's performance, noting his improvement since the Champions Trophy victory in Dubai. Poll Should Sourav Ganguly consider coaching the Indian cricket team? Yes, he has the experience. No, he should focus on administration. Maybe, depending on the team's needs. Not sure, it depends on his interest. "Gautam (Gambhir) is doing a good job. He started off a little slow, losing to Australia and New Zealand, but he picked up with the Champions Trophy. This is going to be a big series (vs England)," Ganguly observed. Speaking about Gambhir's coaching style, Ganguly said: "I haven't seen him from very close in this role, but I know he is very passionate. I haven't observed his strategies closely because I haven't worked with him as a coach. He's very straightforward, he sees things clearly, and he's very open about what he feels, about the team, players, people, everything. From the outside, you can tell he's a very transparent person - what you see is what you get. " Ganguly recalled his playing days with Gambhir, noting: "I've played with him. He was a great guy with a lot of respect for me and the senior players. Even now, I can see he is extremely passionate about his job." Regarding Gambhir's future as coach, Ganguly expressed support for his development: "I wish him all the best. He's just a year into the job, and this will be an important (England) tour. He struggled a bit in Australia, but just like everyone else, he'll learn, he'll grow, and he'll become better." Follow all the live updates, scores, and highlights from the India vs England Test match here . Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here

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