August 12, 2020 Dose 31

The Capsule

Joe Biden selected Senator Kamala Harris of California as his vice-presidential running mate. She is the first African American of South Asian (Indian) descent to be chosen for the role.

TOP STORIES

Supreme Court, in a landmark judgment, paved the way for equal inheritance rights of women

So What? There was confusion about whether daughters born before the amendment of the act on September 9, 2005 had the same rights as their male counterparts. The ruling clarified that daughters have inheritance rights equal to those of sons from properties of their ancestors regardless of when they are born or whether their father is alive.

Reliance makes it to the top 100 of the Fortune 500 global list of companies

Industrial production declined 16.6% in June

Foreign Minister AK Abdul Momen said, "Our ties with India are historic. Rock-solid."

GDP growth decreased to 5.24% in FY 20 - the lowest in 18 years

Digging Deeper: Gross Domestic Product (GDP) is an indicator of the country's economic growth. The report based on the first nine months of the previous year did not fully reflect the effects of COVID-19. However, investment (which has a positive correlation with GDP) rose by 10.63%. Economists fear the growth rate will decrease further when the latest reports, including data until July, are released.

The government looks to save Tk 3,270 crore by reducing office maintenance costs

Minister for Energy informed that Pakistan is already facing a gas shortage and Sindh province will also turn gas-deficit next year

World Travel and Tourism Council awarded Sri Lanka the 'Safe Travels Stamp' in recognition of safety protocols introduced by the government

India and Nepal will hold a meeting on development projects on August 17

MARKET INDEX

SOUTH ASIA

TODAY

1-DAY

YTD

DSEX

4,541

+0.17%

+1.97%

SENSEX

38,235

-0.45%

-7.53%

KSE100

28,550

+0.71%

-31.04%

CSE

5,196

+0.89%

-14.86%

GLOBAL

S&P

3,334

-0.80%

+2.33%

FTSE

6,154

+1.71%

-19.07%

OIL

45

+0.43%

-32.53%

GOLD

1880

-2.37%

+23.75%

TECHNOLOGY AND STARTUPS

209 sellers became crorepatis (millionaires) on Amazon Prime Day sale

Uber added bKash as a payment method in Bangladesh

CEO and founder of Shohoz, Maliha M Quadir has been recognized as a top Bangladeshi female founder

A startup you should follow:

LXMI is a fair-trade organized skincare company founded by Leila Jannah, daughter of Indian immigrants. This luxury cosmetic brand not only focuses on safe and sustainable products but also hires marginalized people and pays them decent wages. Her goal for LXMI was ‘to solve poverty while making your skin better.’

SPORTS CORNER

Sri Lanka postponed its cricket league

India-Pakistan clash building up in ICC boardroom ahead of elections

PROFESSIONAL DEVELOPMENT

Women entrepreneurs are heavily underrepresented in South Asia. According to recent studies, only 8-9% SMEs (small & medium enterprises) are female-owned in South Asia. Closing the gender gap in entrepreneurship would avoid an estimated 19% loss in income within the region. Apart from the societal and inter-generational flow-through benefits, a report conducted in Nepal showed that women-led small businesses generated ~6% more profit in annual sales than men.

Zahra Kaiser & Eshaba Sharuz, founders of Zesh + Co. (based in Chittagong, Bangladesh) shared their views with us on the benefits of female leadership.

KEEP IT SHARP

This belongs to you but everyone else uses it. What is it?

HERE'S SOMETHING INTERESTING

Advanced Dynamics focuses on introducing affordable electric vehicles in Bangladesh to accelerate the growth in clean transportation. In the summer of 2019, Tauseef Anwar and Gopal Kumar Mohoto completed a 2,100 km journey from Teknaf to Tetulia with the country's first solar electric vehicle

The Solar EV was developed from an SUV's framework. It was powered by a 30KW motor, a 36Kwh lead-acid battery, 350W solar body parts, and a 2.2Kw built-in intelligent charger. The net energy consumption for the 2,100km journey was about 470kWh as the vehicle consumed ~500kWh and regenerated ~30kWh energy. For a journey of this range, a Tesla would have a net consumption of around 400kWh. The net energy consumption was high since half the trip was spent driving in the rain, reducing the amount of solar power generated due to cloudy skies and low sun exposure. Apart from testing their Solar EV, they also mapped out potential charging stations for future EVs.

The Tanguar Racing Team conducted this project. The name 'Tanguar' comes from a unique wetland ecosystem in Bangladesh, and the name was chosen to increase environmental awareness. Apart from building and driving Bangladesh's first solar EV, they will also be taking part in an 80-day race arranged by the Netherlands alongside numerous other global zero fossil fuel vehicles. 

OF ART AND ARTISTS

Istelaillustrated is out there 'venting visually usually.' Their digital art breathtakingly captures digital Bangladesh. Check 'Dhaka Jam' for the perfect depiction of Dhaka city.

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Malala Yousafzai (Nobel Peace Prize Winner from Pakistan)

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