Sign In
Learn bits
World Affairs, I.R.
Mahesh

06/09/22 09:49 AM IST

Bangladesh PM Sheikh Hasina Arrives In India

In News 
  • On the occasion of, Sheikh Hasina’s much-anticipated visit to India, countries are expected to sign at least one major river agreement.
India- Bangladesh 
  • India and Bangladesh are expected to sign an interim agreement of sharing of the Kushiyara river water.
  • Sixth largest trading partner: Bangladesh is India’s sixth largest trade partner with bilateral trade rising from $2.4 billion (two point four) in 2009 to $10.8 billion in 2020-21.
  • Bangladesh imports critical industrial raw materials from India on which its exports are reliant.
  • Bangladesh’s exports could rise 182% under a free trade agreement.
  • This could become 300% if combined with trade facilitation measures and reduced transaction costs.
  • Bangladesh also could improve several manufacturing industries by leveraging Indian expertise in service sectors.
Connectivity
  • Both countries jointly inaugurated the newly restored railway link between Haldibari (India) and Chilahati (Bangladesh).
  • Agreed to an early operationalization of the Bangladesh-Bhutan-India-Nepal (BBIN) initiative Motor Vehicles Agreement through the expeditious signing of the Enabling MoU
  • The second addendum to the Protocol on Inland Water Transit and Trade (PIWTT) was signed recently
  • Kolkata-Dhaka-Agartala Bus Service also launched in 2015. This reduced the distance between Kolkata and Agartala from 1,650 km to just 500 km.
The Teesta river water dispute
  • The 2011 interim deal aims to share the Teesta river water between India and Bangladesh about 42.5 per cent and 37.5 per cent respectively.
  • But, the state of West Bengal object to this demand and never signed the deal, and strain in this issue goes on.
China's Role 
  • China has been actively pursuing bilateral ties with Bangladesh.
  • Bangladesh had successfully approached China for a mega project to enhance the Teesta river water flow.
  • Bangladesh also requires China’s support in resolving the Rohingya refugee crisis.
  • Bangladesh is the second biggest arms market for China after Pakistan.
Source- The Hindu 

More Related Current Affairs View All

09 Aug

Cabinet approves continuation of Targeted Subsidy for Pradhan Mantri Ujjwala Yojana Consumers

'The government has approved the continuation of targeted subsidies for Pradhan Mantri Ujjwala Yojana consumers for the year 2025-26 with the estimated cost of over 12 thousand cro

Read More

09 Aug

Cabinet approves Budgetary Support for Multidisciplinary Education and Research improvement in Technical Education (MERITE) Scheme

'The Union Cabinet has approved a proposal to implement the Multidisciplinary Education and Research Improvement in Technical Education (MERITE) scheme in 275 institutions across t

Read More

09 Aug

Aircraft Accident Investigation Bureau (AAIB)

' A month after the deadly Air India flight crash in Ahmedabad, where 241 of the 242 people onboard flight AI 171 died, the Aircraft Accident Investigation Bureau (AAIB) released a

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps