Mohammad Yunus as Interim Government Chief | Bangladesh | Daily Current News | Drishti IAS

Drishti IAS

7 Aug 202402:57

Summary

TLDRIn today's daily current news, Nobel Prize winner Dr. Muhammad Yunus has been appointed as the chief advisor of Bangladesh's interim government by President Mohammad Shahabuddin. This decision follows the resignation of Prime Minister Sheikh Hasina amidst political instability due to protests against a controversial job quota system. Dr. Yunus, born on June 28, 1940, in Bengal, is a Bangladeshi entrepreneur, banker, economist, and civil society leader. He founded Grameen Bank in 1983, providing microcredit to rural clients. He received the Nobel Peace Prize in 2006 for his work in poverty alleviation and women's empowerment. Recently, he participated as a chief guest at the Paris Olympics 2024. Viewers are encouraged to comment on a quiz question about Dr. Yunus and subscribe for more exam preparation content.

Takeaways

😀 Dr. Yunus has been appointed as the interim government's chief advisor in Bangladesh by President Mohammad Shahabuddin.
🏆 Dr. Yunus is a Nobel Peace Prize laureate, recognized for his work in poverty alleviation and women's empowerment.
💼 He is a Bangladeshi banker, economist, and social entrepreneur, known for his innovative approach to microcredit banking.
🌱 Dr. Yunus founded the Grameen Bank in 1983, which is based on the concept of providing collateral-free loans to rural customers.
🎓 His birth took place on June 28, 1940, in Faridpur, Bengal, and he has been a leader in the civic society since the Bangladesh Liberation Movement in 1971.
🏛 The decision to appoint Dr. Yunus was made during a meeting with the President, three service chiefs, and 13 representatives of the student movement.
🗓 The political instability in Bangladesh began after protests against the controversial quota system in jobs.
🏙️ Dhaka is the capital of Bangladesh, a South Asian country that shares a 4096-kilometer border with India and Myanmar.
🏅 Dr. Yunus was recently a chief guest at the Paris Olympics 2024.
📝 The script also includes a quiz question about Dr. Yunus's achievements, specifically mentioning the establishment of the Grameen Bank in 1983 and his Nobel Peace Prize in 2006.
📚 The script encourages viewers to like, share, and subscribe to the channel for exam preparation and to provide their answers in the comment box.

Q & A

What recent news is reported in the Daily Current News regarding Professor Yunus?
-Professor Yunus has been appointed as the interim government's principal advisor of Bangladesh by President Mohammad Shahabuddin.
What was the decision taken during the meeting with the President Shahabuddin and the representatives of the three services' chiefs and 13 student representatives of the movement?
-The decision to appoint Professor Yunus as the head of the interim government of Bangladesh was taken during this meeting.
Why is there political instability in Bangladesh?
-Political instability in Bangladesh started after protests against the controversial quota system in jobs within the government.
What is the full name of the person who was born on June 28, 1940, in Faridpur, Bengal?
-The full name is not explicitly mentioned in the script, but it refers to Professor Yunus, who is a Bangladeshi banker, economist, and civil society leader.
What significant event did Professor Yunus participate in during the Bangladesh Liberation Movement in 1971?
-Professor Yunus formed a citizens' committee during the Bangladesh Liberation Movement to gather support for the country.
What concept is the Grameen Bank based on, which Professor Yunus founded in 1983?
-The Grameen Bank is based on the concept of microcredit and provides collateral-free loans to rural customers.
For what reason was Professor Yunus awarded the Nobel Peace Prize in 2006?
-Professor Yunus was awarded the Nobel Peace Prize for his outstanding work in poverty eradication and women's empowerment.
Which country shares a border with Bangladesh?
-Bangladesh shares its border with India and Myanmar.
What is the capital of Bangladesh?
-The capital of Bangladesh is Dhaka.
How long is the border shared between India and Bangladesh?
-India and Bangladesh share a border of 4096 kilometers.
What is the correct statement about Professor Yunus regarding the Grameen Bank and the Nobel Peace Prize?
-The correct statement is that Professor Yunus established the Grameen Bank in 1983 and was honored with the Nobel Peace Prize in 2006.

Outlines

00:00

🏆 Appointment of Nobel Laureate Yunus as Interim Government Chief

The script discusses the recent news of Dr. Yunus, a Nobel Peace Prize winner, being appointed as the head of Bangladesh's interim government by President Mohammad Shahabuddin. This decision was made in a meeting with the President and representatives of the student movement. It highlights the political instability in Bangladesh following protests against a controversial quota system in public sector jobs. Dr. Yunus is also known for his work in establishing Grameen Bank in 1983, which is based on the concept of microcredit and provides collateral-free loans to rural borrowers. He was awarded the Nobel Peace Prize in 2006 for his efforts in poverty alleviation and women's empowerment.

🌏 Introduction to Bangladesh and Dr. Yunus's Background

This paragraph provides an overview of Bangladesh, established in 1971 with Dhaka as its capital, and its geographical location in South Asia, sharing a 4096-kilometer border with India and Myanmar. It also delves into Dr. Yunus's personal background, born on June 28, 1940, in Faridpur, Bangladesh. He is a Bangladeshi banker, economist, and civil society leader who played a significant role during the Bangladesh Liberation War in 1971 by forming a citizens' committee to gather support for the country. Dr. Yunus's participation in the Paris Olympics 2024 as a chief guest is also mentioned.

Mindmap

Keywords

💡Muhammad Yunus

Muhammad Yunus is a Bangladeshi social entrepreneur, banker, and economist renowned for his innovative approach to poverty alleviation. He is the founder of Grameen Bank and pioneer of microcredit, a financial service that provides small loans to low-income individuals to foster entrepreneurship. His work earned him the Nobel Peace Prize in 2006, which is a central theme of the video as it discusses his recent appointment as the interim government chief of Bangladesh.

💡Interim Government

An interim government is a temporary administration that holds power until a permanent government can be established, often following a crisis or during a transition period. In the context of the video, Bangladesh's President Mohammad Shahabuddin has appointed Muhammad Yunus as the chief of the interim government, indicating a period of political instability and transition in the country.

💡Nobel Peace Prize

The Nobel Peace Prize is one of the Nobel Prizes established by the will of Alfred Nobel. It is awarded annually to individuals or organizations that have made significant contributions to promoting peace. Muhammad Yunus received this prestigious award in 2006 for his efforts in poverty eradication and women's empowerment through microcredit, as mentioned in the script.

💡Microcredit

Microcredit refers to the extension of small loans to impoverished borrowers who lack collateral, credit history, or a verifiable credit score. Muhammad Yunus established Grameen Bank based on this concept in 1983, which has been pivotal in empowering rural customers by providing them with interest-free loans, as highlighted in the video.

💡Grameen Bank

Grameen Bank is a microfinance organization and community development bank founded by Muhammad Yunus in Bangladesh in 1983. It is known for its innovative approach to banking, focusing on providing financial services to the rural poor, particularly women, which is a key aspect of Yunus's work discussed in the video.

💡Poverty Alleviation

Poverty alleviation refers to efforts and programs designed to reduce poverty and improve the living conditions of those in need. Muhammad Yunus's work with microcredit through Grameen Bank has been instrumental in poverty alleviation, as it enables the poor to become self-sufficient through small business loans.

💡Bangladesh

Bangladesh is a South Asian country that gained independence in 1971. It shares a border with India and Myanmar. The video discusses the political situation in Bangladesh, including the appointment of Muhammad Yunus as the interim government chief and the country's shared border with India.

💡Political Instability

Political instability refers to a period of uncertainty or turmoil within a country's political system. The video mentions that Bangladesh is experiencing political instability following protests against the controversial quota system in employment and the resignation of Prime Minister Sheikh Hasina.

💡Quota System

A quota system is a policy that allocates a specific number of positions or opportunities to certain groups or individuals, often to address historical imbalances or promote diversity. The video script mentions protests against a controversial quota system in employment in Bangladesh, which has contributed to the current political unrest.

💡Sheikh Hasina

Sheikh Hasina is the Prime Minister of Bangladesh who, according to the video, has resigned and left the country. Her resignation is a significant event contributing to the political instability discussed in the video, and it is in the context of her resignation that Muhammad Yunus has been appointed as the interim government chief.

💡Dhaka

Dhaka is the capital city of Bangladesh. The video mentions Dhaka in the context of describing Bangladesh's geographical location and its status as the nation's political and economic center.

Highlights

Dr. Yunus has been appointed as the interim Prime Minister of Bangladesh by President Shahabuddin.

The decision was made during a meeting with the President, three service chiefs, and 13 representatives of the student movement.

The appointment comes after protests against the controversial quota system in jobs in Bangladesh.

Political instability has begun in Bangladesh following the demonstrations.

Dr. Muhammad Yunus was born on June 28, 1940, in Faridpur, Bengal.

He is a Bangladeshi banker, economist, and civil society leader.

During the Bangladesh Liberation Movement in 1971, he formed a citizens' committee to gather support for the country.

In 1983, he founded Grameen Bank, which is based on the concept of microcredit.

Grameen Bank provides collateral-free loans to rural borrowers.

Dr. Yunus was awarded the Nobel Peace Prize in 2006 for his outstanding work in poverty eradication and women's empowerment.

He is the first Bangladeshi citizen to receive the Nobel Peace Prize.

Recently, he participated in the Paris Olympics 2024 as a chief guest.

Bangladesh was established in 1971, and Dhaka is its current capital.

Bangladesh is a country in South Asia, bordered by India and Myanmar.

India and Bangladesh share a 4096-kilometer border.

Consider the following statements about Dr. Muhammad Yunus: He established Grameen Bank in 1983.

He was honored with the Nobel Peace Prize in 2009.

The correct statement among the above is that he established Grameen Bank in 1983.

The incorrect statement is that he was honored with the Nobel Peace Prize in 2009, as it was actually in 2006.