General Awareness topics on current affairs with analytically drawn conclusions are likely to benefit MBA Aspirants to achieve mission admission MBA!
Today, you will read General Awareness Topic:
What is the bone of contention between India and Bangladesh?
Bangladesh, a close neighbour of India, has a common political, economic and cultural history with the latter. Despite many similarities, there are several areas of contention that are looming over the two countries.
A major area of contention is the execution of the Tipaimukh hydroelectric project, which keeps getting delayed year after year. India has been keen on taking the Tipaimukh hydroelectric project to the next level for the benefit of India and Bangladesh but the latter claims that the dam will disrupt the rhythm of Barak River, ultimately causing ecological damage on the Bangladeshi side.
According to the Bangladeshi government, the presence of a dam on Barak River will reduce the flow of water to the Bangladeshi side and this has the potential to turn Northeast Bangladesh into a desert and destroy the livelihood of thousands of people who depend on the river for survival.
India, on the other hand, believes that the dam will help in controlling floods and improving river navigation, which will protect the livelihood of fishermen. Both the sides have not been able to come to an agreement on the benefits of the project, which is why this year, the Indian and Bangladeshi governments announced a two-year delay to the project.
Trade is another irritant in the relationship between India and Bangladesh. Many Bangladeshis believe that India has come up with trade barriers to deny mutually beneficial trade between the two countries.
Non-tariff barriers to trade restrict imports, although they are not in form of tariffs. Examples of non-tariff barriers include countervailing duties and anti-dumping measures.
Non-tariff barriers imposed by the Indian government include stringent packaging requirements, and laboratory testing for cosmetics and food products.
The current trade value between India and Bangladesh stands at Rp 305 billion. However, given the geographical proximity between the two nations, there is a huge potential for expanding trade relations.
Bangladesh claims that if the Indian government relaxes certain trade regulations, trade between the two countries can flourish. This is another area in which there is a dispute between India and Bangladesh.
The India-Bangladesh border, which stretches over 4000 km, is porous and facilitates the illicit flow of goods across the border. In fact, there have been several cases of human trafficking across the border, from Bangladesh to India, too.
Illegal trade and smuggling has led to violent incidents in the past, with the Bangladeshi government accusing the Indian Border Security Force (BSF) of shooting innocent people.
Even though both the governments have signed the Coordinated Border Management Plan to deter illegal trade across the border, India continues to see an influx of illegal immigrants. And this has been a cause for concern in the relations between India and Bangladesh. And migration has led to an increase in crime rate and a drain of resources.
These are some of the issues that both India and Bangladesh face, and the governments’ inability to come to a resolution has resulted in strained ties between both the nations.
It is clear that both the countries are working hard to resolve these issues for the benefit of the citizens. However, political, economic, social and environmental issues are complex and it takes time to come to consensus - an agreement that is mutually beneficial.
Read More : LIMCA-The Brand Story, Impact of NPAs of Indian Economy, Industry and Banks
Read More : Balance of Payments: Genesis, Problems and Solutions​​​​​​​, Mineral Water Market in India​​​​​​​
Read , Stay informed and inspired with MBA Rendezvous