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June 04, 2025

Bangladesh seeks new 'father' in Pakistan

Bangladesh’s retreat from its founding ethos began when in August last year, after the ouster of Prime Minister Sheikh Hasina, the statue of her father and national founder Sheikh Mujibur Rahman was toppled by an unruly crowd. Now the erasure of his image from the country's currency a few days ago signals efforts to undo Bangladesh by sliding towards East Pakistan, as the country was known before it broke away from Pakistan. There are reports that the caretaker government under Muhammad Yunus has also revoked Mujib's status as a freedom-fighter, though the government has denied that. These developments not only carry profound domestic implications but also pose serious strategic and national security challenges for India.Disowning the 'Father of the Nation'Sheikh Mujibur Rahman, revered

June 03, 2025

Canada revises ‘maintained status’ rules

Canada’s immigration department, Immigration, Refugees and Citizenship Canada (IRCC), has updated the rules around maintained status for temporary residents who submit multiple extension applications. The changes came into effect on 28 May 2025, according to a report by CIC News. According to the new guidance, if a temporary resident submits a second application for extension while already on maintained status and the first application is refused, the second application will no longer keep them in status. Instead, the second application will be refused and returned. This marks a shift from earlier rules, where the submission of a second application—even after a first refusal—could continue to provide legal stay, though not work or study rights.Maintained status, earlier known as impl

June 03, 2025

Bank Nifty crosses 56,000 to hit record high as RBI rate decision looms

India’s Nifty Bank index crossed the 56,000 mark for the first time on Tuesday, buoyed by gains in lenders such as HDFC Bank and State Bank of India, as investors positioned themselves ahead of an expected interest rate cut by the Reserve Bank of India (RBI) later this week. However, the index failed to hold its early gains and slipped into the red by mid-morning.The banking index surged to a lifetime high of 56,161.40 at the open, but was trading 0.1% lower by 9:50 a.m., reflecting profit-taking and weakness in major constituents.Early optimism was fueled by strong buying in AU Small Finance Bank, Federal Bank, Punjab National Bank, HDFC Bank, and IndusInd Bank, which rose between 0.4% and 1.2%. However, larger lenders including ICICI Bank, Axis Bank, and Kotak Mahindra Bank weighed on

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