Economy
Durga Puja: ‘Bijoya Dashami’ all set to bid farewell to Goddess Durga
Durga puja, the largest religious event of the Hindus Community, will culminate in Bangladesh, with the immersion of idols on Wednesday evening.
On the last day of the puja, devotees are thronging mandaps in Dhaka and elsewhere across the country for Bijoya Dashami, the last day of the grand festival, to celebrate the victory of the Goddess Durga over the buffalo demon Mahishasura.
During this day, families visit each other and share sweetmeat. Married Hindu women put vermilion on each other’s foreheads at the event.
In Bangladesh this year, the religious festival is being celebrated at some 32,168 puja mandaps across the country, including 241 in Dhaka.
In the capital, thousands of people are set to throng the Buriganga on Wednesday to see the final phase of the festival — the immersion of the Goddess Durga.
Devotees in their tearful eyes will bid farewell to the mother deity and her children – Lakshmi, Saraswati, Kartik and Ganesh – as the idols will be immersed, praying the Goddess Durga’s return next year.
Subsequently, there will be strict security measures in place so that Durga puja ends in harmony.
The five-day festival started in October with the incarnation (Bodhon) of the Goddess Durga marking Sashthi.
Durga Puja, the annual Hindu festival also known as Sharadiya (autumnal) Durga Utsab, is the worship of “Shakti” (divine force) embodied in the Goddess Durga.
It represents the battle between good and evil where the dark forces ultimately succumb to the divine.
in the meantime, President Abdul Hamid has welcomed the members of the country’s Hindu community to the function.
In his message, President Hamid said the main religious festival of the Bengali Hindu community is Durga Puja. “The country’s Hindu community has been celebrating the puja amid huge enthusiasm and festivity with different rituals since ancient times.”
During the eleventh month of the current fiscal year, the country’s foreign currency reserves have fallen below $19 billion for the first time. After paying off some import bills, the reserves have now stood at $18.26 billion on Sunday.
According to the International Monetary Fund (IMF), as of May 8, the total foreign currency reserves of the country were $19.82 billion.
Mohammad Mezbauul Haque, the spokesperson of Bangladesh Bank, informed that through the Asian Clearing Union (ACU), the central bank has paid off import bills totaling $1.63 billion over the past two months.
However, Bangladesh Bank maintains that after paying off the import bills, the foreign currency reserves now stand at $23.71 billion.
According to the Central Bank’s accounts, the reserves were $25.27 billion on May 8.
The Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA) have expressed gratitude towards Prime Minister Sheikh Hasina for her directive to list government companies in the capital market, a move hailed as timely and positive.
The directive was issued during the recent meeting of the Executive Committee of the National Economic Council (Ecnec) last Thursday.
Dr. Hafiz Muhammad Hasan Babu, Chairman of DSE, described the directive as a significant step towards enhancing the dynamics of the capital market. He emphasized that besides invigorating the capital market, this move would also attract foreign investment and promote sustainable development.
Despite previous efforts, government institutions had not been listed in the stock exchange, according to a notification issued by the DSE. The Prime Minister’s directive is seen as a pivotal step towards revitalizing and expanding the economy.
Dr. Babu further remarked, “The listing of reputable companies in the capital market, as directed by the Prime Minister, will greatly benefit the country’s economy. It will also enhance investor confidence.”
Similarly, the DBA released a notification applauding the Prime Minister’s directive, terming it as positive and timely for the capital market.
Saiful Islam, President of DBA, expressed optimism about the directive’s potential to accelerate the country’s capital market and overall economy. He pledged support to relevant government departments and regulatory bodies in implementing the directive, ensuring its positive impact on the economy, including the capital market.
India has expressed interest in financing Bangladesh’s Teesta project, announced Foreign Minister Hasan Mahmud. Speaking to reporters after a meeting with Indian Foreign Secretary Vinay Mohan Kwatra, Mahmud stressed the importance of aligning the project with Bangladesh’s needs. He confirmed discussions on the Teesta issue during the meeting. Mahmud also affirmed Prime Minister Sheikh Hasina’s upcoming visit to New Delhi, indicating that the finalization of the date would depend on the formation of the new Indian government following ongoing elections.
Meanwhile, the IMF has approved a $1.15 billion staff-level loan for Bangladesh in its third tranche. Mahmud noted the ongoing elections in India and the subsequent formation of the new government as factors influencing the scheduling of PM Hasina’s visit.
When asked about the sequence of visits to India and China, Mahmud suggested Delhi’s geographical proximity to Bangladesh. Diplomatic sources suggest PM Hasina’s visit to India is planned for early July, following India’s elections.
Pre-election surveys indicate strong prospects for Indian Prime Minister Narendra Modi’s re-election. Modi previously congratulated PM Hasina on her electoral victory in January, expressing optimism about strengthening ties between the two nations.
The last bilateral engagement between the prime ministers occurred during the G-20 Leaders Summit in September 2023. Modi is expected to invite South Asian and BIMSTEC leaders to his swearing-in ceremony, fostering regional cooperation.
Addressing border killings, Mahmud emphasized the government’s commitment to ending such incidents and promoting the use of non-lethal weapons by border forces. Discussions also covered enhancing physical and people-to-people connectivity, including cooperation with India to import hydropower from Nepal and Bhutan through India. Mahmud highlighted the need to further ease visa restrictions to strengthen people-to-people relations.
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