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Warran Buffet Quotes

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  1. “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No.1.”
  2. “Never invest in a business you can’t understand.”
  3. “Risk comes from not knowing what you’re doing.”
  4. “Nobody buys a farm based on whether they think it’s going to rain next year. They buy it because they think it’s a good investment over 10 or 20 years.”
  5. “The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”

Warren Buffett Quotes on Money

Here are some exceptional life lessons shared by Warren Buffett on money: 

  1. “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long, dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
  2. “What we learn from history is that people don’t learn from history.”
  3. If past history was all that is needed to play the game of money, the richest people would be librarians.”
  4. “…not doing what we love in the name of greed is very poor management of our lives.”
  5. “The investor of today does not profit from yesterday’s growth.”
  6. “Money is not everything. Make sure you earn a lot before speaking such nonsense.”
  7. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
  8. “Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”
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Warren Buffett Stock Market Quotes

Buffett argues that despite the volatility of the stock market, active investors have an advantage over passive investors because there will always be buyers for market bids. Here are some of his tips regarding stock market: 

  1. “So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls—but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.”
  2. “The years ahead will occasionally deliver major market declines — even panics — that will affect virtually all stocks. No one can tell you when these traumas will occur.”
  3. “Only when the tide goes out do you discover who’s been swimming naked.”
  4. “Predicting rain doesn’t count, building the ark does.”
  5. “The best chance to deploy capital is when things are going down.”
  6. “This does not bother Charlie [Munger] and me. Indeed, we enjoy such price declines if we have funds available to increase our positions.”
  7. “It’s been an ideal period for investors: A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.”

Warren Buffett Motivational Quotes

All the quotes mentioned above are inspirational already, however, in different aspects. Here are some more motivational quotes from the prodigy, investment or not: 

  1. “The most important thing to do if you find yourself in a hole is to stop digging.”
  2. “Price is what you pay, value is what you get.”
  3. “The most important quality for an investor is temperament, not intellect.”
  4. “Remember that the stock market is a manic depressive.”
  5. “The most important investment you can make is in yourself.”
  6. “Never depend on a single income. Make an investment to create a second source.”
  7. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
  8. “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
  9. “Don’t pass up something that’s attractive today because you think you will find something better tomorrow.”   
  10. “Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
  11. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
  12. “The most important quality for an investor is temperament, not intellect.

Warren Buffett quotes capture the essence of his approach to investing and life. That’s why we love them.

To say, “When he talks, people listen” is an understatement. Buffett’s famous quotes on life, investing, success, leadership, emotion, and money are recognized across the world.

Why do people love his quotes so much?

Because he’s built his wealth long-term to over $80.9 billion (2019), making him one of the richest men in America. As CEO of Berkshire Hathaway, Warren Buffett lives by a certain set of values that he uses to invest, gain capital, and make other life decisions. 

 
What’s your Investing IQ?

  

His approach to invest in stock can be identified throughout his famous investing quotes—which follow a similar methodology as Rule 1. We gathered our favorites in this post.

These 100 intelligent and inspiring quotes on investing and success from Warren Buffett will give you a look into the mind of one of the wealthiest and most successful people in the world.

Famous Warren Buffett Quotes

Buffett’s Two Rules of Investing…

For us Rulers, the first, and I might be biased here, but also the best Warren Buffett quote is no surprise to us.

1. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”

But, it is possible for the stock market to price things wrong! You can find wonderful businesses on sale often.

As Buffett says,

2. “Remember that the stock market is a manic depressive.”

For any consumer of daily financial news, this will ring true. Equity markets swing wildly from day to day on the smallest of news, rally, and crash on sentiment, and celebrate or vilify the most inane data points. It’s important not to get caught up in the madness. Instead, stick to your homework.

Always stay rational.

So what is the Warren Buffett Rule?

Never lose money. Stay rational and stick to your homework when researching businesses in which to invest.

…But If You Do Happen to Lose

Every investor goes through losses at some point, but you have to know how to handle them.

3. “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”

In other words:

4. “The most important thing to do if you find yourself in a hole is to stop digging.”

Investments can go bad, and when they do, it’s best to bow out and stop throwing money at them. It is a difficult decision to make, but accepting the loss will prove to be more beneficial financially.

The Market Can Price Things Wrong

5. “Price is what you pay. Value is what you get.”

Don’t focus on short-term swings in price. Focus on the underlying value of your investment.

6. “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”

This is sage advice from a man who has made a fortune on companies like Apple, American Express, General Motors, UPS, Johnson & Johnson, Mastercard, and Walmart.   

And, always remember that:

7. “For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.”

If you pay too much for a company, your investments might take a hit later on.

High Returns with Low Risk is the Key

8. “Risk comes from not knowing what you are doing.”

The advice here is obvious but often forgotten, particularly after investors have had some success. The temptation to believe that success in one area you know well allows you to easily analyze another is much greater once you’ve had some good returns, but should be resisted. 

Warren Buffett himself has kept out of the technology sector for the most part, given his lack of knowledge of the sector. Buffett said it best:

9. “Never invest in a business you cannot understand.”

Warren Buffett has always held strong to the belief that index funds are one of the best ways to grow wealth. They are inexpensive and are not closely linked to how well one entity is predicted to fare. 

Plus, individual stocks cost more so advisors will keep a larger percentage of earnings. Buffett says:

10. “If returns are going to be 7 or 8 percent and you’re paying 1 percent for fees, that makes an enormous difference in how much money you’re going to have in retirement.”

Since cost matters, a passive form of investing could be the best path to take to build wealth.

It’s Easier to Look Back Than to Look Into the Future

11. “In the business world, the rearview mirror is always clearer than the windshield.”

The past is simple and straightforward. Whereas, the future can be murky because it is clouded by the perceptions of many.

Consider the Four M’s Before Investing

When I talk about the four M’s of investing, I’m referring to meaning, moat, management, and margin of safety.

Finding the right investment for you always begins with meaning, and sometimes, this can take time. Becoming an expert on a potential investment option is always more powerful to do before jumping in. Allowing ample time to learn the ins and outs of any company before investing never fails.

12. “Time is the friend of the wonderful company, the enemy of the mediocre.”

Next is a company’s moat. Learning can increase your odds of investment success.

13. “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.“

Then you’ll look at the management to assess whether or not the company has a plan for continued growth and is run by good leaders.

And lastly, the margin of safety is the part of Buffett’s investment strategy that stresses the idea of buying investments at a high price while searching for opportunities to pay less for something with higher value. 

Warren Buffett quotes on the margin of safety state:

14. “The three most important words in investing are “

15. “On the margin of safety, which means, don’t try and drive a 9,800-pound truck over a bridge that says it’s, you know, capacity: 10,000 pounds. But go down the road a little bit and find one that says, capacity: 15,000 pounds.”

Warren Buffett’s Motto

16. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”

This famous Warren Buffett quote is very interesting, as “value investors” frequently pass on anything they cannot get for a deeply discounted price. It was one of Buffett’s early lessons as a value investor, famously defined by his turn away from “cigar-butt investing.”

17. “If a business does well, the stock eventually follows.”

18. “For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.”

Invest for the Long Term

19. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

 When it comes to successful investing, timing is everything. According to Buffet, the mindset that the market may not open back up immediately should guide each and every single one of your investment decisions. Here’s why:

20. “All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.”

21. “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

22. “It is a terrible mistake for investors with long-term horizons — among them pension funds, college endowments, and savings-minded individuals — to measure their investment’ risk’ by their portfolio’s ratio of bonds to stocks.”

23. “Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can’t” produce a baby in one month by getting nine women pregnant.”

Patience is Key

And impatience can kill your money. Buffett says:

24. “Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.“

25. “The stock market is designed to transfer money from the active to the patient.”

If both of these quotes hold true, why not wait? You’ve got nothing to lose—and that’s our goal, right?

Think Long-Term Over Short

26. “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

Investing is not trading and has a vastly different goal. When done well, trading is about taking for discrete periods of time at sufficient volume to generate profits, and typically involves wild swings in profitability. Investing is about minimizing risk to generate wealth over the long term, not generating short-term profits.

If Warren Buffett had to choose how long to own a company for, this quote sums it up:

27. “Our favorite holding period is forever.”

Another great Buffett quote in this vein is:

28. “An investor should act as though he had a lifetime decision card with just twenty punches on it.”

This quote is basically saying you should never buy businesses with the intention of selling them. If you could only buy 10 or 20 stocks in your entire life, you’d probably be a lot more careful with your investments. You’d spend more time researching a company to ensure you really love it before committing.

And, though we’ve touched on this before, keep in mind that time is on your side. 

 
What’s your Investing IQ?

29. “Do not take yearly results too seriously. Instead, focus on four or five-year averages.”

Yearly averages will not give you much insight into the success of an investment. Instead, comparing data across a number of years will provide you with a much bigger picture that you can use to make necessary adjustments and continue moving forward.

Related:  

Only Invest In Wonderful Companies

Just as time is your friend, it is also the friend of any great company. Because with time, any wonderful company begins to age like fine wine:

30. “Time is the friend of the wonderful company, the enemy of the mediocre.”

Invest In Companies That Match Your Values

31. “Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.'”

Again, being choosy is not necessarily bad. Think back to your punch card. If you can only use 10 punches for the rest of your investing career, you’d think twice before making a decision. Do some research on companies that follow similar belief systems to your own, operate effectively, and have growth plans that closely match your own.

People Make Investing Seem More Difficult Than it Should

32. “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.“

In my opinion, this is one of the best Warren Buffett quotes of all time. Many of his investing strategies focus on simplifying the process to make sound decisions. 

For example, he is a fan of using the Rule of 72, which lets you determine how long it takes for an investment to double without using a calculator.

33. “There seems to be some perverse human characteristic that likes to make easy things difficult.”

Buffett has pointed out that you don’t have to be a genius to be a good investor. Instead, being a good investor relies on hard work and due diligence. 

There are some basic investing rules that you need to learn, but if you follow those rules, chances are you’ll be successful. Remember to use any of my investing calculators when the math gets tough!

Investing is More Than an IQ

As I said, Buffett believes you don’t need to be incredibly intelligent to be a good investor. In his eyes, temperament, not intellect, is the only trait we need to fine-tune in order to lock in big wins.

34. “The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”

35. “Success in investing doesn’t correlate with IQ … what you need is the temperament to control the urges that get other people into trouble in investing.“

36. “The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch.”

37. “You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”

38. “What counts for most people in  is not how much they know, but rather how realistically they define what they don’t know.”

39. “There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor but you think you know something.”

Make Your Own Forecasts

Sometimes using your own intuition to make predictions can tell you a lot about your investment strategy, in comparison to the strategies of those around you.

40. “Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

Invest Only in Companies You Understand

Do your research to recognize what makes certain companies tick before you put money toward advancing their interests. In other words:

41. “Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”

42. “It’s better to have a partial interest in the Hope diamond than to own all of a rhinestone.”

This means that to be a good investor, you need only possess a certain amount of knowledge in your own areas of expertise. This concept is widely known as your circle of competence and is explained by the Buffett quote below:

43. “You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.”

Great Investors Don’t Diversify

When asked whether or not warran , Buffett always answered with the same response: ‘no.’ 

His argument rests on the idea that successful investors do not need diversification because they are very well-educated and knowledgeable regarding the state of their current investments.

Buffett even went so far as to claim:

44. “Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

And:

45. “Wide diversification is only required when investors do not understand what they are doing.”

Seize Great Opportunities and Load Up the Truck

46. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

This one is pretty self-explanatory. If there are great opportunities abound, take advantage. Use your best judgment to cash in on a plethora of opportunities, even if they all emerge in or around the same time period.

 
What’s your Investing IQ?


Trust in the United States Of America

47. “We always live in an uncertain world. What is certain is that the United States will go forward over time.”

Warren Buffett has been quoted time and time again saying that America will always prevail. America is the best stock market to invest in and you can be sure that your money will be safe here. Sometimes, it just takes longer than you might expect. A few examples include:

48. “For 240 years, it’s been a terrible mistake to bet against America, and now is no time to start.“

49. “American business — and consequently a basket of stocks — is virtually certain to be worth far more in the years ahead.“

50. “I won’t” say if my candidate doesn’t win, and probably half the time they haven’t, I’m going to take my ball and go home.”

When Prices Fall, You Will Buy

These Warren Buffett quotes relate to being fearful when stocks drop. Yet, Buffett sees it as an opportunity. Here’s a brief look into 

51. “Widespread fear is your friend as an investor because it serves up bargain purchases.”

52. “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

53. “The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.”

54. “Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”

55. “The most common cause of low prices is pessimism—sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer.”

Know What Not to Invest In

Avoiding bad investments can sometimes be more important than finding good ones. As Buffett says:

56. “After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve difficult business problems. What we have learned is to avoid them.”

Here is some more advice from the Berkshire Hathaway CEO on determining what not to invest in:

57. “Speculation is most dangerous when it looks easiest.”

In Buffett’s own experience, he advises against investing in a business that might feel a little turbulent or have unresolved issues that need to be worked through. In a scenario such as this, it is best to find another company to invest in instead of taking what is perceived to be the “easy” route. 

58. “Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick “no.”

And, if an investment sounds too good to be true, it probably is.

59. “Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game.”

Warren Buffett Quotes on Money

Doing Nothing is Often the Right Thing to Do

In a world that often emphasizes the importance of always needing to be doing something productive, this advice may seem counterintuitive. Trust me, it’s not. When investing, Buffett reiterates:

60. “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long, dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

History Doesn’t Dictate the Future

Some investors may initially benefit from looking to the past for clues. However, many will not fare as well over the long run.

61. “If past history was all that is needed to play the game of money, the richest people would be librarians.“

62. “The investor of today does not profit from yesterday’s growth.“

63. “What we learn from history is that people don’t learn from history.”

Don’t Be Greedy

Greed is never a good look. It is noticeable when investors invest solely for money instead of from a place of enjoyment.

64. “…not doing what we love in the name of greed is very poor management of our lives.“

65. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.“

66. “Money is not everything. Make sure you earn a lot before speaking such nonsense.”

If You’re Not Investing, You’re Doing it Wrong

Choosing not to invest because you are unsure is the wrong decision. It is not difficult to get started, and  now can set you up for financial success in the future.

67. “Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”

Warren Buffett Quotes on the Stock Market

The stock market has earned a reputation for being very volatile. But, Buffett likes to think that anyone actively involved in investing is winning out over those who are not because there will always be people willing to buy what is being offered.

68. “So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls—but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.”

When investing during an uncertain market, make sure to pay attention to moving parts and other players because:

69. “Only when the tide goes out do you discover who’s been swimming naked.”

Being aware of the fact that predictions can only tell us so much is also extremely important. The more critical course of action lies in being prepared for anything at any time.

70. “Predicting rain doesn’t count, building the ark does.” 

71. “The years ahead will occasionally deliver major market declines — even panics — that will affect virtually all stocks. No one can tell you when these traumas will occur.”

Market turbulence is inevitable. It will happen. So preparedness is key. During periods of decline, look for ways to capitalize on opportunities to locate discounted shares of your favorite companies.

72. “This does not bother Charlie [Munger] and me. Indeed, we enjoy such price declines if we have funds available to increase our positions.“

73. “The best chance to deploy capital is when things are going down.”

In fact, Buffett and I both view market crashes as buying opportunities. But don’t take my word for it. Some of the most lucrative investments Buffett ever made were in the midst of market crashes. He says:

74. “It’s been an ideal period for investors: A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.”

Warren Buffett Quotes on Success

Get Around the Right People

Surrounding yourself with people you can learn from is some of Buffett’s most valuable advice. It drives home the point that you will ultimately be a reflection of the company you keep.

75. “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

76. “Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.”

Your Public Image and Reputation

You can craft a legacy over a lifetime, but Buffett advises us to be cautious and not throw it all away due to mistakes that could have been easily avoided.

77. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.“

78. “Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”

It’s More Important to Do Good

The good you put out into the world will always trump the amount of money you make. Here’s why:

79. “If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.“

80. “Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you.”

It’s OK to Dream Big

Dreaming expands our belief in what is possible, and Warren Buffett believes that our mind is the only limiting factor in reaching our full potential.

81. “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.“

82. “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

On Finding Honesty in Others

83. “Honesty is a very expensive gift. Don’t expect it from cheap people.”

Buffett once said:

84. “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

In other words, be careful who you trust. Most of the financial “advice” offered by equity analysts, advisers, and those in the media should be taken with a grain of salt. Buffett and his partner have long worked with the same people with whom they have long histories of trust and experience. Any good investor should do the same.

Buffett dislikes the excessive fees that make Wall Street richer at the expense of ordinary investors (like you). He claims that:

85. “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.”

Appreciate Where You Came From

Your upbringing and personal experiences will always shape how you show up as an investor.

86. “Someone’s sitting in the shade today because someone planted a tree a long time ago.”

Give Back to Society

87. “If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”

This quote says it all. If you have the funds to give back, do so. You will be better for it.

It’s Usually Best to Just Say “No”

Does anyone else have trouble setting boundaries and using the word ‘no?’ If so, now is the time to correct the mistake of impulsively saying ‘yes’ to everything. 

Becoming a wise investor means having control over your time and you will never be able to achieve this if you are constantly prioritizing the needs of others over your own. Buffett captures this idea in the following quotes:

88. “The difference between successful people and really successful people is that really successful people say no to almost everything.“

89. “You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”

Do What You Love

It is a well-known fact that . In this case, the old adage that “if you love what you do, you never work a day in your life” proves to be extremely true.

90. “In the world of business, the people who are most successful are those who are doing what they love.”

 allows you to feel good about the companies you’re supporting and giving your money to. If you don’t approve of a company’s business, you have no right to invest in its future.

Related: 25 

Actions Vs. Results

On the idea of actions versus results, Buffett emphasizes:

91. “It is not necessary to do extraordinary things to get extraordinary results.”

In fact, if your results are working, he backs the idea that “if it’s not broken, don’t fix it.” Because reinventing the wheel will not necessarily help you achieve better results:

92. “You know… you keep doing the same things and you keep getting the same result over and over again.”

Choose Your Heroes Wisely

93. “Tell me who your heroes are and I’ll tell you who you’ll turn out to be.“

94. “The best thing I did was to choose the right heroes.”

When you choose your heroes wisely, you not only surround yourself with the . But more than that, you surround yourself with their upper-tier thinking and can use it to continue learning and growing.

Watch Out for Bad Habits

Bad habits can lead to unforgivable mistakes over time. Once you identify them, it is best to correct them immediately before too much damage is done. Buffett reiterates this ideology, saying:

95. “Chains of habit are too light to be felt until they are too heavy to be broken.”

Two bad habits, in particular, are outlined in this next Warren Buffett quote:

96. “Investors should remember that excitement and expenses are their enemies.”

Warren Buffett Quotes on Life

Warren Buffett is also a huge proponent of continuous learning and self-education. He’s said in the past that he reads over 500 pages a day. He is always learning and he’s always spending time on personal development.

97. “The most important investment you can make is in yourself.”

And remember to think:

98. “I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”

Engage in a daily reading practice:

99. “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”

And further your education:

100. “One can best prepare themselves for the economic future by investing in your own education. If you study hard and learn at a young age, you will be in the best circumstances to secure your future.”

Here are some more Buffett quotes on life to round out this blog post and get you thinking about your future, not only as an investor but as a member of society: 

101. “Imagine that you had a car and that was the only car you’d have for your entire lifetime. Of course, you’d care for it well, changing the oil more frequently than necessary, driving carefully, etc. Now, consider that you only have one mind and one body. Prepare them for life, care for them. You can enhance your mind over time. A person’s main asset is themselves, so preserve and enhance yourself.“

102. “I had a great teacher in life, my father. But I had another great teacher in terms of profession in terms of Ben Graham. I was lucky enough to get the right foundation very early on. And then basically I didn’t listen to anybody else. I just look in the mirror every morning and the mirror always agrees with me. And I go out and do what I believe I should be doing. And I’m not influenced by what other people think.”

Invest Like the Best

Did I miss any of your favorite famous Warren Buffett quotes? Leave a comment below.

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Electric Power Market in India The Evolution and Impact of Electric Power in India: Innovations in HPL Power Meters Power Grid corporation developed electric power

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The Evolution and Impact of Electric Power in India: Innovations in HPL Power Meters

Electric power is the backbone of any modern economy, and India is no exception. As the country strides towards becoming a global economic powerhouse, the demand for reliable and efficient power has never been more critical. This blog explores the evolution of electric power in India, with a particular focus on the innovative advancements in HPL power meters that are revolutionizing the way electricity is consumed and managed.

The Evolution of Electric Power in India

Electric power in India has undergone significant transformation since the country’s independence in 1947. Initially, the power sector was dominated by government-owned entities, but with economic liberalization in the 1990s, private players started entering the market, bringing in much-needed investments and expertise.

1. Early Days and Expansion: The initial phase saw the establishment of hydroelectric and thermal power plants. The demand for electricity grew exponentially with industrialization and urbanization, leading to the expansion of the power grid across the country.

2. Era of Reforms: The 1990s marked a period of significant reforms. The introduction of the Electricity Act 2003 was a game-changer, aiming to promote competition, protect consumer interests, and provide power for all. This act facilitated the unbundling of State Electricity Boards (SEBs) into generation, transmission, and distribution companies.

3. Renewable Energy Surge: In recent years, there has been a strong push towards renewable energy sources. India is now one of the leading countries in solar and wind energy production, aligning with global commitments to combat climate change.

 Innovations in Power Metering: The Case of HPL Power Meters

As the power sector evolves, so does the technology that supports it. One of the critical components of efficient power management is the power meter. HPL, a renowned name in the Indian electrical equipment industry, has been at the forefront of innovation in this space.

1. Smart Meters: HPL has introduced smart meters that offer real-time data monitoring. These meters help consumers track their energy usage, leading to more efficient consumption and cost savings. Smart meters also enable utilities to detect and resolve issues promptly, improving overall grid reliability.

2. Prepaid Meters : In an effort to enhance consumer convenience and revenue collection efficiency, HPL has developed prepaid meters. These meters allow consumers to pay for electricity in advance, similar to prepaid mobile phone services. This system reduces the burden of monthly bills and helps consumers manage their energy budgets better.

3. Advanced Metering Infrastructure (AMI) : HPL’s AMI solutions are transforming the way utilities operate. AMI integrates smart meters with communication networks and data management systems, providing a comprehensive view of the grid’s performance. This integration facilitates demand response programs, peak load management, and better planning for future infrastructure needs.

4. Energy Management Systems : HPL’s energy management systems (EMS) are designed to optimize energy usage in large buildings and industrial setups. These systems analyze consumption patterns and suggest measures to reduce wastage, thereby promoting energy efficiency.

Impact on the Indian Power Sector

The advancements in HPL power meters are having a profound impact on the Indian power sector. Here’s how:

1. Enhanced Efficiency : Smart and prepaid meters are driving efficiency in both energy consumption and revenue collection. Consumers are more aware of their usage patterns and can take steps to reduce wastage, while utilities can minimize losses due to theft and unbilled consumption.

2. Better Grid Management : With real-time data and advanced analytics, utilities can manage the grid more effectively. Issues can be identified and resolved quickly, reducing downtime and improving service reliability.

3. Consumer Empowerment : The transparency and control offered by smart meters empower consumers to take charge of their energy consumption. This empowerment leads to more informed decisions and promotes a culture of energy conservation.

4. Support for Renewable Energy : Advanced metering infrastructure supports the integration of renewable energy sources into the grid. By providing accurate data and facilitating demand response, these systems ensure a smoother transition to a sustainable energy future.

The evolution of electric power in India is a testament to the country’s resilience and commitment to progress. Innovations in power metering, particularly by companies like HPL, are playing a crucial role in shaping the future of the power sector. As India continues its journey towards energy efficiency and sustainability, the advancements in HPL power meters will undoubtedly remain at the forefront, driving positive change for consumers and utilities alike.

The road ahead is promising, with technology paving the way for a more efficient, reliable, and sustainable power sector in India.

Power Grid Corporation of india

Power Grid Corporation of India: A Deep Dive into India’s Power Transmission Behemoth

India’s journey towards becoming a global economic powerhouse has been significantly supported by its robust and expansive power infrastructure. Central to this infrastructure is the Power Grid Corporation of India Limited (PGCIL), commonly known as Power Grid. This blog delves deep into the history, operations, and future prospects of Power Grid, highlighting its pivotal role in India’s power sector.

  History and Formation

Power Grid was established on October 23, 1989, under the Companies Act, 1956. It started as the National Power Transmission Corporation Limited, with the primary objective of planning, executing, owning, operating, and maintaining high-voltage transmission systems. The company was renamed Power Grid Corporation of India Limited in 1992, and in 1993, it commenced commercial operations.

Structure and Governance

Power Grid operates as a Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India. The company is managed by a board of directors comprising government officials and independent directors. As a listed company on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), Power Grid also adheres to the regulations of the Securities and Exchange Board of India (SEBI).

 Core Functions and Operations

Power Grid’s operations are vast and multifaceted, encompassing various aspects of power transmission and grid management:

1. Transmission Network : Power Grid owns and operates the majority of India’s interstate and inter-regional electric power transmission system. This extensive network includes high voltage (HV) and extra high voltage (EHV) transmission lines, substations, and associated equipment.

2. Grid Management: Through its subsidiary, Power System Operation Corporation Limited (POSOCO), Power Grid is responsible for managing the National Grid. POSOCO oversees the integrated operation of regional and national grids, ensuring reliability, security, and efficiency.

3. Consultancy Services : Power Grid provides consultancy services in various fields, including transmission, distribution, and load despatch centers. These services extend beyond India to international clients, showcasing the company’s expertise and technical prowess.

4. Telecommunication : Leveraging its transmission infrastructure, Power Grid has diversified into telecommunications. The company offers telecom services using its vast network of Optical Ground Wire (OPGW) cables.

5. Renewable Energy Integration : Power Grid plays a crucial role in integrating renewable energy sources into the national grid. The company is involved in projects that facilitate the transmission of renewable energy from remote generation sites to consumption centers

Achievements and Milestones

Over the years, Power Grid has achieved numerous milestones that underscore its importance in India’s power sector:

1. National Grid Formation : Power Grid has been instrumental in the formation of the National Grid, which connects regional grids to enable the seamless transfer of electricity across the country. This integration enhances the stability and reliability of the power supply.

2. Technological Advancements : The company has adopted state-of-the-art technologies in its operations. These include the use of High Voltage Direct Current (HVDC) systems, Flexible AC Transmission Systems (FACTS), and Wide Area Measurement Systems (WAMS).

3. International Projects : Power Grid has successfully executed several international consultancy projects. These projects span countries in Asia, Africa, and the Middle East, reflecting the company’s global footprint and expertise.

4. Awards and Recognitions : Power Grid has received numerous awards for its outstanding performance, including the ‘Best Performing Utility in Power Sector’ and various excellence awards for its project management and operational efficiency.

 Challenges and Future Prospects

Despite its significant achievements, Power Grid faces several challenges:

1. Transmission Losses : Reducing transmission and distribution losses remains a critical challenge. Power Grid continuously works on upgrading its infrastructure and adopting new technologies to mitigate these losses.

2 .Grid Stability : With the increasing integration of renewable energy sources, maintaining grid stability becomes more complex. Power Grid invests in advanced grid management solutions to address these challenges.

3. Infrastructure Development : Rapid urbanization and industrialization demand continuous expansion and upgrading of the transmission network. Power Grid is involved in numerous projects to enhance its infrastructure, including the development of Green Energy Corridors.

4. Environmental Concerns : The construction and operation of transmission lines have environmental impacts. Power Grid adopts sustainable practices and technologies to minimize these impacts.

The Power Grid Corporation of India Limited stands as a pillar of strength in India’s power sector. Its expansive network, technological advancements, and commitment to excellence have made it a key player in ensuring reliable and efficient power transmission across the nation. As India continues its journey towards economic growth and sustainable development, Power Grid’s role will become increasingly vital. With ongoing projects and future initiatives, the company is well-positioned to meet the growing demands of the power sector and contribute significantly to India’s energy security and sustainability.

In conclusion, Power Grid is not just a company but a cornerstone of India’s power infrastructure, driving progress and powering the nation’s dreams.

Union budget of India Income taxBudget 2024 Live Updates: Income Tax changes, record capex for roads and railways expected from FM Nirmala Sitharam2024 Interim-Union budget of India Income tax

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Budget 2024 Live Updates: Income Tax changes, record capex for roads and railways expected from FM Nirmala Sitharaman

                                                           Budget 2024 Expectations Live Updates: Income Tax changes, record capex for roads and railways expected from FM Nirmala Sitharaman

Budget 2024 expectations live: On July 23, 2024, Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in the Parliament. This will be the first Budget of the newly elected NDA government led by PM Narendra Modi. Given the less than expected mandate for the NDA in Lok Sabha polls 2024, the Union Budget 2024 is likely to strike a balance between reforms and populism. Like every year the common man, middle class and salaried individuals have high expectations from Budget 2024 to provide income tax relief and leave more cash in hand. Experts expect changes in the new income tax regime to make it more attractive for individual taxpayers. FM Sitharaman is likely to stick to the fiscal consolidation path with an aim to contain the fiscal deficit. However, Modi 3.0 government is also anticipated to continue with its record capex push with a focus on infrastructure. Track TOI’s live coverage to know the top expectations from Budget 2024

Budget 2024 Expectations Live: With the new government’s full Union Budget 2024 set to be announced on July 23, expectation are soaring. The focus remains on potential tax reforms that could impact individuals and businesses. Key anticipated changes include an increase in the basic exemption limit. There is also speculation about raising the standard deduction limit. We take a look at what India’s middle class and corporate class expect from Finance Minister Nirmala Sitharaman.

Budget 2024 Expectations Live: With the new government’s full Union Budget 2024 set to be announced on July 23, expectation are soaring. The focus remains on potential tax reforms that could impact individuals and businesses. Key anticipated changes include an increase in the basic exemption limit. There is also speculation about raising the standard deduction limit. We take a look at what India’s middle class and corporate class expect from Finance Minister Nirmala Sitharaman.

“Section 80LA provides for a deduction in respect of the income of International Financial Service Centre [IFSC] Units/ its investors in accordance with the provisions of this section. There has been plethora of regulatory changes introduced which have made it a lucrative investment destination. The income-tax holiday available to units in IFSC can be extended to make it attractive for foreign players, as the current tax holiday is for a very short-term period. For instance, Dubai International Financial Centre provides tax holiday for 50 years. Likewise, extending the tax holiday for another 5 to 10 years to IFSC units would surely make IFSC competitive with other global financial hubs, resulting in increase in India’s GDP, employment opportunities, an increase in forex reserves, and related economic benefits.”

 
 

The highly-anticipated Union Budget week is finally here! The Indian stock market’s spectacular bull run ahead of the Budget session proved that investor sentiments are firm driven by hopes of policy announcements, domestic cyclicals, and growth-oriented sectors from the upcoming .

In the fourth week of July, investors will keenly eye any Union Budget-related or government policy announcements as they may result in stock-specific action. The next set of April-June quarter results for fiscal 2024-25 (Q1FY25), domestic and global macroeconomic data, corporate announcements, foreign fund inflow, crude oil prices, and global cues will drive market movement this week.

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Income tax benefits from Budget 2024: As the date of July 23rd draws near, expectations for Budget 2024 are reaching a fever pitch, centered around Finance Minister Nirmala Sitharaman’s upcoming presentation. Expectations include a potential hike in standard deduction, relief in income tax rates, and an increase in Section 80C exemptions from Finance Minister Nirmala Sitharaman. Tax experts anticipate adjustments to income tax slab rates, which have seen limited revisions for some time. They suggest that the Finance Minister might announce tax reductions in the Modi 3.0 government’s first budget.

Economics trend spoke to income tax experts to gauge taxpayer and expert expectations ahead of Budget 2024. The highly-anticipated Union Budget week is finally here! The Indian stock market’s spectacular bull run ahead of the Budget session proved that investor sentiments are firm driven by hopes of policy announcements, domestic cyclicals, and growth-oriented sectors from the upcoming 

In the fourth week of July, investors will keenly eye any Union Budget-related or government policy announcements as they may result in stock-specific action. The next set of April-June quarter results for fiscal 2024-25 (Q1FY25), domestic and global macroeconomic data, corporate announcements, foreign fund inflow, crude oil prices, and global cues will drive market movement this week.

The was first introduced at ₹40,000 in the 2018 budget and subsequently raised to ₹50,000 in the 2019 budget. The deduction amount has not changed since then.

 

“The current deduction of ₹50,000 could moderately increase to ₹60,000 or possibly ₹70,000, which salaried employees would welcome as it lowers their taxable income,” said Ashish Aggarwal, Director at Acube Ventures.

Section 80C exemption

Salaried persons can use Section 80c  to reduce their taxable income by ₹1.5 lakh in a fiscal year.

Archit Gupta, Founder and CEO of ClearTax, emphasised revising the Section 80C limit, which has remained unchanged since 2014 despite escalating inflation rates. Such a revision, he noted, would aid taxpayers in managing inflation and encourage savings and investments in essential financial instruments such as ELSS, tax saver FDs, and PPF. This aligns with the broader goal of fostering a financially resilient and prosperous India.

 

Increase income tax exemption limit

Various media reports indicated that the Centre plans to increase the income threshold before imposing any tax from ₹3 lakh to ₹5 lakh in the upcoming budget. This adjustment will specifically affect taxpayers filing under the new tax regime.

“If the hike in income tax exemption to ₹5 lakh is implemented, it would mean that individuals with an annual income of up to ₹8.5 lakh could potentially pay no income tax . This calculation considers the standard deduction and the rebate under section 87A, assuming it remains unchanged,” said – Gaurav Gunjan, Partner at Gupta Sachdeva & Co., Chartered Accountants.

“We have high expectations for significant tax reforms in Budget 2024. Anticipated changes include revised income tax slabs to increase disposable income and stimulate consumer spending by raising the basic exemption limit and adjusting thresholds for higher tax rates,” said Kuljeet Singh, Director of finance and Accounts, GI Group Holding.

NPS

Personal finance experts are increasingly calling for significant changes to the National pension sechma NPS , such as raising the additional income tax deduction limit under Sec 80CCD 1B. There is also a push to increase the tax-free withdrawal limit upon maturity, bringing it in line with other retirement savings schemes like EPF.

Abhishekh Soni, CEO and Co-founder of Tax2win, supports enhanced tax benefits, advocating for potential increases in contribution limits and improved withdrawal flexibility within the NPS framework.

 

Tax rate reductions

“Despite the changes introduced in Budget 2023 to incentivize taxpayers to switch to the new tax regime, the adoption rate has not met expectations,” remarked Divya Baweja, Partner at Deloitte India.

Baweja further suggested, “The government is anticipated to consider lowering the top tax rate from 30% to 25% within the new tax regime.”

Additionally, she noted, “There is also speculation that the government might raise the threshold for the highest tax rate from ₹10 lakh to ₹20 lakh under the old tax regime.”

As per Gaurav Gunjan, revised tax slabs under thenew regime (assumed):

• The exemption limit is ₹5 lakh.

• Taxable income between ₹5 lakh to ₹6 lakh is taxed at 5%.

• Taxable income between ₹6 lakh to ₹9 lakh is taxed at 10%.

• Taxable income between ₹9 lakh to ₹12 lakh is taxed at 15%.

• Taxable income between ₹12 lakh to ₹15 lakh is taxed at 20%.

• Taxable income above ₹15 lakh is taxed at 30%”

House Rent Allowance (HRA)

Abhishek Jain, a partner at Kailash Chand Jain & Co., highlighted the need for increased House rent allowance  exemptions to mitigate the impact of escalating rental expenses, especially in urban areas. This adjustment would lower taxable income and enhance affordability for individuals residing in rented properties.

Increase in the deduction limit for medical insurance premiums

Due to rising healthcare costs, there’s an expectation for an increase in the deduction limit for medical insurance premiums under section 80D of the Income Tax Act of 1961. Archit Gupta suggested that the current limits of ₹25,000 for individuals and ₹50,000 for senior citizens may be raised in the upcoming budget to ₹50,000 for individuals and ₹75,000 for senior citizens. Extending these benefits to the new tax regime would promote equal healthcare access and encourage greater adoption of health insurance.

Budget 2024: Finance Minister Sitharaman to present seventh budget in a row on July 23

The will be presented in Parliament on July 23. This will be Finance Minister Nirmala Sitharaman’s seventh consecutive budget.

Disclaimer: The views and recommendations made above are those of individual analysts, and not for economictrend . We advise investors to check with certified experts before taking any investment decisions.

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Women’s Asia Cup, Sri Lanka vs Malaysia: Fantasy XI Prediction, teams, captain, vice-captain, toss and venue analysis

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Women’s Asia Largest Cup, Sri Lanka vs Malaysia: Sri Lanka own an overwhelming record, having never lost a T20I encounter against Malaysia

Sri Lanka will head into the contest and the 2024 Women’s Asia Cup tournament as favourites, having recently won the WT20 Qualifier final against Scotland in Abu Dhabi. Malaysia, on the other hand, made the ACC Premier Cup final earlier this year, before losing to champions UAE.

Women’s Asia Cup, Sri Lanka vs Malaysia: Fantasy XI Prediction
 LAST 5 MATCHES

SRI LANKA WOMEN: WWWL

THE LIKELY PLAYING XIs FOR SRI LANKA WOMEN AND MALAYSIA WOMEN

SRI LANKA WOMEN likely XI

Batters: Vishmi Gunaratne, Harshitha Samarawickrama, Nilakshika Silva

Allrounders: Chamari Athapaththu, Kavisha Dilhari, Ama Kanchana

Wicketkeeper: Hasini Perera

Bowlers: Sachini Nisansala, Kawya Kavindi, Sugandika Kumari, Inoshi Priyadharshani

MALAYSIA WOMEN likely XI

Batters: Winifred Duraisingam (c), Elsa Hunter, Jamahidaya Intan, Dhanusri Muhunan

Allrounders: Ainna Hamizah Hashim, Mahirah Izzati Ismail, Amalin Sorfina Suabika Manivannan

Wicketkeeper: Aina Najwa

Bowlers: Aisya Eleesa

Statistical Performance (Sri Lanka)

1.Chamari Athapaththu

Chamari Athapaththu is not just the captain, but also the most experienced player in the line-up, who can also bowl a few overs if need be. In her last 10 matches, Athapaththu has scored 364 runs at an average of 40.44, and picked 12 wickets at an economy rate of 6.

CHAMARI ATHAPATHTHU IN WT20Is

Innings Runs Average Strike Rate 50/100
132 3022 23.60 108.23 10/2

2. Inoshi Priyadharshani

Inoshi Priyadharshani, a wicket-taking bowler, who plays a pivotal role in the T20 format for Sri Lanka. In her last eight appearances for the team, she snared 12 wickets at an impressive economy of 4.53.

INOSHI PRIYADHARSHANI IN WT20Is

Innings Wickets Strike Rate Economy Rate Average
25 30 15.6 5.68 14.83

Players Who Can Make a Difference (Sri Lanka)

1. Vishmi Gunaratne

Sri Lankan opener Vishmi Gunaratne would be expected to give the team the much-needed early momentum in the powerplay. In her last 10 matches, she smashed 251 runs at a strike rate of just 102.86.

2. Harshitha Samarawickrama

One of the experienced batters in the Sri Lanka top order after having played more than 50 T20Is with 1172 runs in the format. Harshitha Samarawickrama will be a key player in Sri Lanka’s campaign at the Asia Cup.

Statistical Performance (Malaysia)

1. Elsa Hunter

The top-order batter has been in impressive form for Malaysia, with Elsa Hunter amassing 182 runs in her last six appearances for the team, at an average of 36.4 and a strike rate of 116.66.

ELSA HUNTER IN WT20IS

Innings Runs Average Strike Rate 50/100
38 668 28.03 80.30 3/0

2. Mahirah Izzati Ismail

Mahirah Izzati Ismail has been Malaysia’s key player in the T20I format with her all-round abilities. In the last nine games for the country, she picked 15 wickets at an economy of just over four runs.

MAHIRAH IZZATI ISMAIL IN WT20IS

Innings Wickets Strike Rate Economy Rate Average
40 46 17.8 3.94 11.71

Players Who Can Make a Difference (Malaysia)

1. Mas Elysa

Mas Elysa, a top-order batter, has scored 177 runs in the last 10 matches for Malaysia, at an average of 35.4.

2. Ainna Hamizah Hashim

Ainna Hamizah Hashim, another key all-rounder for Malaysia in the T20I format, picked eight wickets in her last 10 appearances for the team at an economy rate of well under four runs.

Team Head to Head

In head-to-head record in the WT20Is, Sri Lanka own an overwhelming record, having never lost a T20I encounter against Malaysia.

SRI LANKA WOMEN V MALAYSIA WOMEN – HEAD TO HEAD RECORD

Matches Sri Lanka won Malaysia won No result
3 3 0 0

Venue and Pitch

Rangiri Dambulla International Stadium in Dambulla will host all the matches of the Women’s Asia Cup, where earlier only three WT20Is were played. The average first-innings score in WT20Is at this venue is 133, and the average second-innings score is 124.It is a more balanced venue with the surface favouring both the batters and the bowlers.

MATCH PREDICTION

Sri Lanka will the overwhelming favourites in the match, not only because of playing at home, but also owing to their great head-to-head record over Malaysia in the WT20Is. Sri Lanka have 90% chance to win the match.

Fantasy XI:

Wicketkeeper: Hasini Perera

Batters: Vishmi Gunaratne, Harshitha Samarawickrama, Elsa Hunter, Mas Elysa

Allrounders: Chamari Athapaththu, Ainna Hamizah Hashim, Mahirah Izzati Ismail

Bowlers: Sachini Nisansala, Kawya Kavindi, Inoshi Priyadharshani

BACKUP PLAYERS:

BATTER – Winifred Duraisingam

BOWLER – Sugandika Kumari

ALL-ROUNDER – Kavisha Dilhari

 
 

War or no war’, Israel says it is safe for all travellers; Indians can enjoy family holidays in Tel Aviv

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Israel Ministry of Tourism says country is safe for all travellers; Indians can enjoy family holidays and in 2023, the country welcomed 41,800 tourists from India and 3.1 million tourists globally.
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Indian travellers have evolved over the years and are constantly looking for mind-boggling new experiences. From adventure tourism to solo travel, party destinations and exploring new cities and countries with family in tow, have become common among ever-spending Indian travellers. Now, what is changing is that top destinations are going all out to attract Indians.

 In line is a new buzzing destination and it’s assuring Indians that they will get to enjoy never-witnessed experiences in what they claim to be a haven, despite news of skirmishes coming from that part of the world – West Asia.

The destination is Israel, which has been making headlines for rather violence with its neighbours Palestine and Iran. However, speaking exclusively to , , “Whether war or no war, Indians are always safe and respected travellers in Israel. India has always been a major source market for us. We have been welcoming thousands of Indian travellers each year. In 2023, 41,800 tourists from India visited   

India eases advisory for Indians travelling to Iran, Israel as conflict in West Asia de-escalates

India has eased a travel advisory for its citizens journeying to Iran and Israel amid escalating tensions in West Asia. Citing developments in airspace policies, External Affairs Ministry spokesperson Randhir Jaiswal highlighted that both the countries “have opened their airspace,” PTI reported. Jaiswal urged Indian nationals to exercise vigilance while visiting these nations and to maintain contact with the Indian Embassy.

 The advisory, issued on May 3, follows  triggered by an alleged Israeli airstrike on a building on the Iranian embassy complex in Damascus on April 1.

The strike resulted in the death of seven individuals, including Brigadier General Mohammad Reza Zahedi of the Islamic Revolutionary Guard Corps (IRGC). In retaliation, Iran launched hundreds of drones and missiles at Israel on April 13

India union Budget 2024 Expectations Live Updates: Nirmala Sitharaman

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Budget 2024, Ministry-wise allocations: Union Minister Nirmala Sitharaman will present the Union Budget 2024-24 on July 23, 2024. The Union Budget refers to the annual financial statement of the Government of India, which outlines its revenue and expenditure for the upcoming fiscal year. It is presented to the Parliament by the Finance Minister and includes estimates of government revenue and expenditure, along with policy initiatives and financial allocations across various sectors.

In this article, let’s take a quick look at the funds allocated for different ministries in the last two Budgets that were presented by Sitharaman.

Investing in fertilizer stocks in India can be a promising opportunity given the country’s growing demand for food production and government initiatives to support agriculture. Here are some of the top fertilizer stocks in India for 2024:

1. Coromandel International Ltd.
– Part of the Murugappa Group, Coromandel International is a major player in the Indian fertilizer market with a diverse portfolio including nitrogen, phosphatic, and potassium-based fertilizers. The company has a strong presence both in India and internationally, benefiting from increasing fertilizer demand.

2. Chambal Fertilizers & Chemicals Ltd.
– Chambal Fertilizers is known for its large-scale production of urea and ammonia. It has a significant market share in India’s northern and central regions, with a focus on environmental sustainability and efficient production methods

3. Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
– GSFC offers a wide range of fertilizers and has a strong market presence in western and central India. The company is expanding its operations through strategic partnerships and deals.

4.Deepak Fertilizers & Petrochemicals Corp. Ltd.
– This company is involved in the production of fertilizers, chemicals, and petrochemicals, catering mainly to the agricultural sector in western and central India. Deepak Fertilizers has shown consistent revenue and profit growth, making it a strong candidate for investment.

5. Rashtriya Chemicals & Fertilizers Ltd. (RCF)
– A government-owned company, RCF produces a wide range of fertilizers, including urea and complex fertilizers. It has a robust presence in the western and southern regions of India and focuses on expanding its product portfolio and improving efficiency.

6. National Fertilizers Ltd. (NFL)
– NFL is a leading producer of nitrogenous fertilizers with a strong market foothold in northern and eastern India. The company is working on increasing its production capacity and enhancing operational efficience .

7. Nagarjuna Fertilizers and Chemicals Ltd.
– With major plants in Andhra Pradesh, Nagarjuna Fertilizers is a significant producer of urea and other nitrogenous fertilizers. The company is focused on improving profitability and reducing debt levels.

8. Fertilizers and Chemicals Travancore Ltd. (FACT)
– FACT, a state-owned enterprise, manufactures a variety of fertilizers and chemicals. Despite facing some challenges, the company is implementing cost optimization initiatives and diversifying into new business segments like petrochemicals.

Investing in these companies can be a good way to gain exposure to India’s agricultural sector and the growing demand for fertilizers. However, it’s crucial to conduct thorough research and consider market conditions before making any investment decisions.

Railway Stocks In india  Discuss About Union budget 2024 

Here are some of the top railway stocks in India for 2024:

1. Indian Railway Catering and Tourism Corporation Ltd (IRCTC):
– Market Cap: ₹82,840 Cr
– Known for its core initiatives in catering and hospitality, internet ticketing, travel and tourism, and packaged drinking water (Rail Neer). IRCTC is almost debt-free and offers a high return on capital employed (ROCE) of 53.8%.

2. Bharat Earth Movers Limited (BEML):
– Market Cap: ₹20,635 Cr
– BEML is a PSU company manufacturing heavy equipment and rail coaches. It holds a significant market share in earthmoving equipment and contributes to the manufacturing of rail coaches for suburban trains.

3. Titagarh Rail Systems Limited:
– Market Cap: ₹24,108 Cr
– Specializes in manufacturing freight wagons, passenger coaches, metro train coaches, and train electricals. The company has substantial manufacturing capacity and revenue growth from this segment.

4. Container Corporation of India Limited (CONCOR):
– Market Cap: ₹67,196 Cr
– A Navratna PSU under the Ministry of Railways, CONCOR provides end-to-end logistics solutions, including the storage, handling, and transportation of containerized cargo.

5. Railtel Corporation of India Ltd:
– Market Cap: ₹16,680 Cr
– Railtel plays a crucial role in providing high-speed internet and telecom services to the railway industry, contributing significantly to India’s digital transformation within the railway sector.

6.### Rail Vikas Nigam Limited (RVNL)


Overview:

Rail Vikas Nigam Limited (RVNL) is a government-owned company under the Ministry of Railways in India. Established in 2003, RVNL is tasked with implementing rail infrastructure projects to enhance the efficiency and capacity of the Indian Railways. The company plays a crucial role in the development and modernization of railway networks across the country.


Key Areas of Operation:

– Construction of New Rail Lines: RVNL is responsible for constructing new railway lines, including gauge conversion and doubling of existing lines.

– Electrification Projects: The company undertakes the electrification of rail tracks to promote energy efficiency and reduce dependency on diesel locomotives.

– Signaling and Telecommunication: RVNL is involved in upgrading the signaling and telecommunication systems to improve safety and operational efficiency.

– Station Development: The company is also engaged in the development and modernization of railway stations to enhance passenger amenities and infrastructure.


Financial Performance:

– Market Cap: ₹30,680 Cr (approx.)

– Revenue Growth: RVNL has shown consistent revenue growth over the years, driven by the expansion of rail infrastructure projects across India.

– Stock Performance: The stock has seen significant interest from investors due to the company’s strategic importance in the Indian Railways sector and its consistent financial performance.


Recent Developments:

– Contracts and Projects: RVNL continues to secure large contracts for rail infrastructure projects, including new line construction, electrification, and station redevelopment.

– Strategic Initiatives: The company is focusing on increasing its project execution speed and efficiency, leveraging modern technology and project management practices.


Investment Considerations:

– Growth Potential: With the Indian government’s focus on expanding and modernizing the railway network, RVNL is well-positioned to benefit from increased investment in the sector.

– Government Backing: Being a government-owned entity, RVNL enjoys strong support from the Ministry of Railways, which provides stability and long-term growth prospects.

– Project Pipeline: The company has a robust pipeline of projects, ensuring a steady stream of revenue and growth opportunities in the coming years.


For more detailed and updated information on RVNL, including its latest financials, projects, and stock performance, you can refer to sources like Moneycontrol, Economic Times, and Smallcase.

Investing in railway stocks can be a good opportunity for long-term investors looking to diversify their portfolio and leverage the growth potential of the railway sector. It’s advisable to conduct thorough research or consult with a financial advisor before investing.

For more detailed information, you can refer to sources like Samco, Finplay, and Smallcase.

Bangladesh Student Protests: 778 Indian Students Return, PM Hasina Cancels Foreign Trip As Toll Hits 105 | Updates

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The Current Condition of Student Protests in Bangladesh: A Call for Merit-Based Opportunities

 

                                                                                                                                                       In recent weeks, Bangladesh has witnessed a resurgence of student protests that have gripped the nation. These protests, primarily fueled by the controversial reinstatement of the quota system for government jobs, have highlighted deep-rooted issues in the country’s employment and education sectors. The students’ demands for a merit-based system have once again brought to the forefront the debate over fairness and equality in Bangladesh.

 

Background: The Quota System

 

The quota system in Bangladesh reserves more than half of the coveted government jobs for specific groups, including the descendants of liberation war veterans, women, ethnic minorities, and individuals with disabilities. This system was originally implemented to ensure representation and opportunities for historically disadvantaged groups. However, it has long been a source of contention among students who argue that it unfairly limits merit-based opportunities.

 

In 2018, after significant student-led protests, the government abolished the quota system. The decision was welcomed by many who saw it as a step towards a more equitable and meritocratic job market. However, in June 2024, the High Court reinstated the quotas, sparking a new wave of protests among the student community.

 

The Protests: A Nationwide Movement

 

The recent protests have seen thousands of students from various universities take to the streets, blocking major highways and railway lines. The protesters are demanding the complete abolition of the quota system, arguing that it perpetuates discrimination and undermines the principles of meritocracy. The movement has been marked by its scale and intensity, with students organizing sit-ins, rallies, and demonstrations across the country.

 

The response from the authorities has been mixed. While the Supreme Court has temporarily suspended the reinstated quotas pending further review, students remain skeptical and continue their protests. The involvement of the Bangladesh Chhatra League (BCL), the student wing of the ruling party, has further complicated the situation. Reports of BCL activists disrupting protests and attacking students have surfaced, leading to increased tensions and violence .

 

Broader Socio-Economic Context

 

The protests are not occurring in a vacuum. Bangladesh is currently grappling with several socio-economic challenges, including rising living costs, allegations of corruption, and high unemployment rates among graduates. These issues have exacerbated the students’ frustrations and contributed to the widespread discontent.

 

Political analyst Mushtuq Hussain notes that the government is facing a “perfect storm” of challenges, with public discontent over economic conditions, corruption scandals, and ongoing strikes by public university teachers over pension provisions all playing a role in fueling the protests. The students’ movement has become one of the most significant political challenges faced by Prime Minister Sheikh Hasina’s administration in recent years.

 

The Government’s Response

 

Prime Minister Sheikh Hasina has addressed the nation, acknowledging the seriousness of the protests and promising a judicial inquiry into the violence. However, she has not committed to any reforms of the quota system, which remains the central issue for the students. Her government’s approach has shifted from initial openness to dialogue and reform in 2018 to a more definitive stance against the protesters’ demands in 2024.

The current condition of student protests in Bangladesh underscores the deep-seated issues within the country’s employment and education systems. The demand for a merit-based system reflects a broader desire for fairness and equal opportunities among the younger generation. As the protests continue, the government’s response will be crucial in determining the future direction of this movement and addressing the underlying socio-economic challenges faced by the nation.

 

                             Who are the protesters demanding an end to job quotas in Bangladesh?

Experts say lack of jobs for university graduates driving unrest in the South Asian country.

 
Inequality and poverty in Bangladesh are driving the current protests by students desperate for good jobs 
Published On 18 Jul 2024

Bangladesh has been rocked by student protests for nearly three weeks.

Since July 1, university students have been protesting across the country to demand the removal of quotas in government jobs after the High Court reinstated a rule that reserves nearly one-third of posts for the descendants of those who participated in the country’s 1971 liberation movement.

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Following the High Court’s ruling in June, 56 percent of government jobs are now reserved for specific groups, including children and grandchildren of freedom fighters, women, and people from “backward districts”.

Student protesters have clashed with police and members of Bangladesh Chhatra League, a student wing of Prime Minister Sheikh Hasina’s governing Awami League party.

Six people have been killed and hundreds of others injured.

Who are leading the protests?

The demonstrations are notable not only for their size and intensity, but also their demographics.

“Look at who is protesting,” Michael Kugelman, director of the South Asia Institute at the Wilson Center, told Al Jazeera.

“It’s not just a case of grassroots demonstrations led by the poor. These are university students most of whom are above working class … The fact that you have so many students who are so angry speaks to the desperation of finding jobs. They may not be desperately poor, but they still need to find good, stable jobs.”

Interactive_Bangladesh_protests_July17_2024_JobQuota

About 67 percent of Bangladesh’s 170 million people are aged 15-64 and more than a quarter are aged 15 and 29, according to the International Labour Organization.

“So you’re looking at a situation where there’s a significant working-age population,” Kugelman said.

Vina Nadjibulla, vice president of research and strategy at the Asia Pacific Foundation of Canada, said the South Asian country faces an “acute job crisis for university graduates”.

“The 30 percent quota will hit that group,” Nadjibulla told Al Jazeera, referring to the jobs reserved for descendants of freedom fighters.

The protests stand out all the more because of the significant economic gains that Bangladesh has made in recent years.

The economy has grown at an average of 6.25 percent annually over the last two decades.

Poverty declined from 11.8 percent in 2010 to 5 percent in 2022 based on the international poverty line of $2.15 a day.

In the process, it also surpassed its much bigger neighbour India in terms of per capita gross domestic product (GDP).

Bangladesh has also seen a marked improvement in its human development outcomes and, as a result, is on track to graduate in 2026 from the United Nations List of Least Developed Nations.

Where is Bangladesh’s economy falling short?

Despite those successes, “there is still a lot of inequality and poverty”, with at least 37.7 million people reportedly experiencing food shortages last year, Nadjibulla said. “The growth is not trickling down to the educated university students who are taking to the streets,” she said.

Interactive_Bangladesh_youth_unemployment_July2024

Kugelman said the country risks missing out on the opportunity to capitalise on its demographic dividend.

“That’s the big issue. The stakes are particularly high,” he told 

Bangladesh’s economic rise stems largely from readymade garments (RMG) exports – predominantly to the West – and remittances from workers abroad.

“It is struggling to find a comparable” sector to RMG, said Kugelman.

“It needs ways to attract more FDI [foreign direct investments] to spark and sustain newer sectors. If you create more sectors and more diverse exports, jobs will follow.”

Nadjibulla said the government needs to ensure there is appropriate education and training to match the needs of the workforce.

Last year, about 40 percent of Bangladeshis aged 15-24 were not working, studying or training.

Nadjibulla said the efforts of global businesses to expand their supply chains beyond China could be an opportunity for Bangladesh.

“That is where education reforms become critical,” she said.

“What we are seeing right now is a complex interplay of government shortcomings, inequality and youth disenfranchisement and disenchantment with the government of Sheikh Hasina.

Hardik Pandya divorce news: India’s World Cup hero, wife Natasa part ways; Netizens say ‘best decision for him’

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Hardik Pandya divorce news: Natasa Stankovic brutally trolled                                                                                                                                                      After over a month of speculation on Hardik Panya and Natasa Stankovic’s divorce, the couple finally confirmed their separation on Instagram. In a joint statement released on July 18, the couple said that they are and wrote “We tried our best together and gave it our all, and we believe this is in the best interest of the both of us.” The couple have even disabled the comments section after their joint post on Instagram.

We tried our best but…’: Hardik Pandya’s full statement on divorce with Natasa Stankovic; X reacts

Hardik Pandya  has announced his separation with wife Natasa Stankovic, putting an end to the speculations over their relationship on Thursday. The team india  all-rounder issued a statement on his official Instagram profile, confirming the news.

Hardik Pandya and Natasa Stankovic
Hardik Pandya and Natasa Stankovic
 

After 4 years of being together, Natasa and I have decided to mutually part ways. We tried our best together and gave it our all, and we believe this is in the best interest for the both of us. This was a tough decision for us to make, given the joy, mutual respect and companionship we enjoyed together and as we grew a family,” Hardik wrote.

We are blessed with Agastya, who will continue to be at the centre of both our lives and we will co-parent to ensure that we give him everything that we can for his happiness.

 

We sincerely request your support and understanding to give us the privacy during this difficult and sensitive time.

The statement from Hardik comes shortly after the BCCI announced Team India’s squad for the limited-overs series against Sri Lanka, which saw Suryakumar Yadav becoming the new T20I captain. Hardik was the vice-captain in India’s last T20I assignment at the World Cup last month, but the all-rounder was overlooked for the captaincy spot over fitness concerns. It was reported that Hardik was already intimated about the decision.

The all-rounder will, however, take part in the T20I series under Suryakumar’s captaincy. It will be the batter’s second bilateral T20I series as captain, having already led the side in South Africa last year.

Here’s how X reacted to the news:

Over the past few months, speculations had been rife over the relationship between Hardik and Natasa; they picked pace particularly after a horrid IPL season for Mumbai Indians, where Hardik was captain. Natasa had deleted all of her pictures with the all-rounder on Instagram, which fuelled the rumours over their separation.

 
 
 

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SOUTH KOREA INSTITUTE OF STARTUP & ENTREPRENEURSHIP DEVELOPMENT (KISED) AND THALES TO CHAMPION KOREA’S START-UP ECOSYSTEM

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  • Mr Yeol-Soo CHOI, KISED Acting President, and François Piolet, Country Director, Thales South Korea, sign a Memorandum of Understanding (MoU) to foster development of Korean startups in the Aerospace and Deeptech sectors.
  • This MoU was signed in presence of Mr Kyoung-Won CHO, Director General for Startup Policy of the Ministry of SMEs & Startups (MSS), and Mrs Pascale Sourisse, Senior Executive Vice-President, International Development, Thales.
  • Through this partnership, South Korean startups can extend their reach to Thales’ global innovation network, including its digital acceleration programmes and Digital Factory locations in Montreal, Paris and Singapore. The ambition is also to support foreign entrepreneurs to get access to the South Korean ecosystem for greater exchange in an environment of open innovation.
  • This collaboration aligns with the upcoming launch of the Global Startup Centre in Seoul, dedicated to helping foreign entrepreneurs and startups accelerate opportunities and access new markets

Helping the South Korean Startup Ecosystem Go Global

The MSS and KISED aim to provide a facilitating environment for startups to kick start and scale their businesses. As part of South Korea’s strategy to become a global hub for international entrepreneurship, an upcoming Global Startup Centre will soon offer a holistic environment, including office spaces, funding vouchers and mentorship programs to startups, enabling them to flourish and expand.

Through this MoU, signed in Seoul on the 17th of July 2024, Thales will support the local innovation ecosystem by introducing to South Korea some of the most talented startups the Group is working with worldwide. The agreement also lays the foundation to explore incubating South Korean startups at the Thales Digital Factories, located in Montreal, Paris and Singapore, and to have them participate in Thales’ acceleration programmes.

With 81,000 employees worldwide including 33,000 researchers and engineers, Thales invests close to 4 Billion Euros annually in Research & Development (R&D). The Group has a strong technological foundation and deep roots in open innovation that includes AI, cybersecurity, big data, connectivity and quantum, with a portfolio cutting across three primary focus areas: Defence & Security, Aeronautics & Space, and Cybersecurity & Digital identity.

Thales’ celebrates 40 years of presence and collaboration with South Korea

Partnership with the South Korean ecosystem has been a hallmark of Thales’ 40 years of presence in South Korea, a milestone it celebrates this year. From defence to aerospace, and digital identity to space, Thales collaborates with a broad spectrum of South Korean industry, from esteemed partners including Hanwha, KAI, KT group, LIG Nex1, Samsung Electronics, and others.

In recent years through its Digital Identity and Security business, Thales has supported more than 200 SMEs and startups with its licensing and software monetisation solutions. These solutions help South Korean companies protect their intellectual property and implement new business models that drive their growth.

In light of South Korea’s rapid development in its SME and startup ecosystem, this MoU with KISED underscores the importance for Thales in nurturing the next generation of companies involved in the aerospace, space and deeptech sectors.

“We are honored to join forces with the Korea Institute of Startup & Entrepreneurship Development (KISED) to contribute to the growth of South Korea’s startup ecosystem and to support its expansion worldwide. Our global footprint and innovation capabilities are valuable assets we can offer to rising stars who are driving change in aerospace and deep tech. In addition to fostering the expansion of South Korean startups abroad, we also hope that foreign entrepreneurs can similarly access the South Korean ecosystem for greater exchange and collaboration in an environment of open innovation.” Pascale Sourisse, Senior Executive Vice-President, International Development, Thales pulvinar dapibus leo.

KyoungWon CHO, Director General for Startup Policy of Ministry of SMEs and Startups, stated, “As the Korean government is making all-out efforts to nurture promising startups in the aerospace and deeptech sectors, it is very meaningful to promote cooperation with Thales, a global leader in these fields.”

”Acting President YeolSoo CHOI added, “The Korea Institute of Startup & Entrepreneurship Development (KISED) will spare no effort in supporting our startups with innovative technologies to lead digital innovation and enter the global market through collaboration with Thales.”

246 Indians cross over from Bangladesh as students protest escalates

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Bangladesh students protest Bangladesh violence: 32 killed, hundreds injured. Why are students protesting? What are the demands? | Explained

Nearly 250 people, including 13 Nepalese nationals, crossed over to indian  by a border crossing on Friday, taking the total number of people who have travelled across the land border amid violent protests in the neighbouring country to more than 400.

Anti-quota protesters clash with the police in Dhaka on July 18, 2024. (Photo by AFP)(AFP)

Anti-quota protesters clash with the police in Dhaka on July 18, 2024. (Photo by AFP)(AFP)
 

A total of 245 Indian nationals, including 125 students, and 13 Nepalese students crossed over from Bangladesh at the Gede immigration check post in West Bengal till 8 pm on Friday, people familiar with the matter said on condition of anonymity

Another 202 Indian nationals, mostly students, crossed over via the Dawki check post in Meghalaya on Thursday. This check post was also used by some 101 Nepalese citizens and seven Bhutanese nationals to leave Bangladesh, the people said.

The travel of the 13 Nepalese students via Gede was arranged by the Indian high commission in Dhaka, the people said

Cities across Bangladesh, including the capital Dhaka, have been rocked by violent protests this week against government job quotas. More than 30 people have died and hundreds were injured as protesters clashed with police and pro-government student groups.

The Indian high commission in Dhaka is coordinating with authorities in Bangladesh to provide adequate security to students who are keen on returning to India, the people said.

The high commission is facilitating the travel of such students in coordination with the Border Security Force (BSF) and the Bureau of Immigration.

The border crossings at Gede-Darshana, Benapole-Petrapole and Akhaura-Agartala will remain open for Indian nationals leaving Bangladesh, the people said.

The Indian high commission in Dhaka and the assistant high commissions in Chittagong, Khulna, Rajshahi and Sylhet will provide assistance to the Indian nationals, they said.

The external affairs ministry said on Friday there are an estimated 15,000 Indians, including 8,500 students, in Bangladesh. All Indians are safe, and an advisory issued on Thursday urged them to avoid travel and remain indoors. Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. 

Bangladesh quota protest: Hundreds of university students in Dhaka and other cities have been holding rallies for weeks.

At least 32 people have been killed, and over 2,500 are injured in Bangladesh as violence escalated during student protests who are demanding quota system reform for government jobs. On Thursday, the protests took an even ugly turn as the demonstrating students , a day after Prime Minister Sheikh Hasina appeared on the network seeking to calm the escalating clashes.

Students take part in the ongoing anti-quota protest in Dhaka (AFP)

Students take part in the ongoing anti-quota protest in Dhaka (AFP)
 

Hundreds of university students in Dhaka and other cities have been holding rallies for weeks, protesting the system of reservation in public sector jobs, including that for the relatives of war heroes, who fought for the country’s independence from Pakistan in 1971.

Up to 65% OFF on Home Appliances, TVs, Laptops and Gadgets are LIVE on Amazon Prime Day 2024!
 
 

What triggered the Bangladesh protests?

The protests began last month after the Bangladesh high court reinstated a quota system for government jobs, overturning a 2018 decision by Prime Minister Sheikh Hasina’s government to scrap it. However, the Supreme Court suspended the high court’s order after the government’s appeal, setting a date of August 7 to hear the government’s challenge.

The demonstrations escalated when Sheikh Hasina refused to meet the students’ demands, citing court proceedings.

They turned violent this week following clashes between thousands of anti-quota demonstrators and members of the student wing of Hasina’s Awami League party. The police also resorted to using rubber bullets, tear gas and noise grenades to disperse the protesters, but to no avail.

The violence further prompted authorities to shut the metro rail inside the capital alongside the railway services to and from Dhaka since Thursday afternoon. The government also ordered the shutdown of mobile internet networks across several parts of the country. According to outage monitor Netblocks, Bangladesh was suffering a “near-total internet shutdown”.

Earlier on Thursday, the Bangladesh police website was inaccessible, and the website of the ruling Awami League’s student wing, Bangladesh Chhatra League, was hacked, reported PTI.

The Bangladesh government has also indefinitely amid the escalating protests.

What are the students demanding?

The demonstrating student  are demanding an end to a quota system that reserves more than half of government jobs for specific groups, including children of veterans from the country’s 1971 liberation war against Pakistan.

What is the quota system?

The quota system in Bangladesh has undergone several changes since it was introduced in 1972. The system covers groups such as freedom fighters’ families, with women and those from underdeveloped districts receiving a share of a tenth each. Five per cent is allotted to Indigenous communities, and one per cent is allotted to the disabled, reported Reuters.

When the system was abolished in 2018, reportedly, 56 per cent of government jobs were blocked under various quotas.

The protesting students fear that the quota shrinks the number of government jobs open for all, hurting aspirants who want them filled on the basis of merit.

What has Sheikh Hasina-led Bangladesh government said?

On Thursday, Bangladesh law minister Anisul Huq expressed willingness to hold talks with the protesting students after fresh violence erupted across the country.

“Whenever they agree, we will sit…it could be held this (Thursday) afternoon even…Government has agreed to hold talks with the quota reformists,” he said, as quoted by PTI.

Meanwhile, Hasina condemned the loss of lives and called for patience until the Supreme Court delivers its verdict.


 
 
 


Bangladesh protest to continue

Bangladesh imposes curfew as protests continue

EPA An injured person is assisted as demonstrators clash with police, Bangladesh Chhatra League (BCL) and Jubo League members, during ongoing quota students protestsEPA
 
An injured woman gets help on Thursday, the deadliest day since the protests began

Authorities in Bangladesh have imposed a nationwide curfew, after further rioting in the capital Dhaka left an additional 35 people dead.

Days of violence have been sparked by students calls for the government to axe a rule reserving scores of public jobs for the families of veterans of the country’s independence war in 1971.

The prime minister’s office announced the curfew after an attack on the Narsingdi prison on Friday saw hundreds of inmates released.

Government Press Secretary Naeemul Islam Khan said the army would be deployed to the streets in a bid to restore order.

 

 

“The government has decided to impose a curfew and deploy the military in aid of the civilian authorities,” he said in a statement.

Some 67 people have now died since violence broke out – although the exact toll is difficult to assess due in part to an almost complete communications shutdown, with mobile internet and telephone lines reportedly down.

Bus and train services have reportedly also been halted, while photos from Dhaka show large numbers of police in riot gear on the streets.

Schools and universities across Bangladesh have also been shut until further notice.

But this has done little to stop the protesters, who vowed to continue with their own “Complete Shutdown”, which has seen them blockade roads across the city.

On Friday, students chanting “merit, merit” and “we won’t let the blood that has been shed of our brothers go in vain” were joined by a number of parents outside Dhaka university.

The students are arguing that the quota system is discriminatory, and are asking for recruitment based on merit. Critics say the system unfairly benefits the families of pro-government groups who support Prime Minister Sheikh Hasina, who won her fourth straight election in January.

A march organised by Islamist parties was met with tear gas, rubber bullets and stun grenades.

Protestors also stormed the Narsingdi district jail on Friday, where several hundred inmates were reported to have escaped onto the streets. Multiple witnesses confirmed the incident to BBC Bangla.

EPA Demonstrators clash with police, Bangladesh Chhatra League (BCL) and Jubo League members, during ongoing quota students protests under the slogan 'Anti-Discrimination Student Movement' at Mirpur area in Dhaka, Bangladesh, 18 July 2024EPA
 
Numerous fires were lit across the capital, according to authorities
 

The main opposition Bangladesh National Party has also called for protest, with the exiled acting chairman Tarique Rahman asking people to support “these tender-hearted students” in a post on Twitter.

The party said one of its senior leaders, Ruhul Kabir Rizvi Ahmed, had been taken into custody. Police did not give any reasons for Mr Rizvi’s arrest.

Attempts to end the protests with talks have so far failed.

Law Minister Anisul Haque told BBC Bangla the government was open to discussing the issues: “I’m sure they are also discussing whether they will come to the talks or not.”

But student Nahid Iqbal told the BBC on Thursday they would not consider joining the talks at present.

“The government has killed so many people in a day that we cannot join any discussions in the current circumstances.”

BBC Bangla Police officers make their way down a streetBBC Bangla
 
People have told the BBC the streets are relatively quiet, apart from the police presence
 

Earlier, Dhaka Metropolitan Police Commissioner Shafiqul Islam told the BBC that authorities had decided to ban rallies in the city in order to protect lives and property following Thursday’s violence.

Separately, the police confirmed to BBC Bangla that two people had died on Friday.

Police said 100 officers had been injured on Thursday, while a government minister said several vehicles parked outside government buildings were set on fire.

The clashes have also not been confined to Dhaka, with 26 districts reporting incidents.

The protesters who occupied and set light to the state broadcaster BTV had left by Friday morning, although the channel had not started broadcasting agai