Market Mogul

  The Supreme Court of Bangladesh has significantly reduced a contentious job quota system following widespread national unrest, according to local media. The recent turmoil, which has resulted in over 100 fatalities, stemmed from student-led demonstrations against the job reservation policy. A Call for Change Students have been vehemently opposing a quota system that allocated 30 percent of government jobs to descendants of veterans from Bangladesh’s 1971 war of independence. The protesters argue that this system disproportionately benefits supporters of the ruling Awami League party, which spearheaded the independence movement against Pakistan. Supreme Court Ruling In response to the protests, the Supreme Court decreed a reduction of the quota for veterans’ descendants to 5 percent, with 93 percent of government jobs now to be awarded based on merit. The remaining 2 percent will be reserved for members of ethnic minorities, as well as transgender and disabled individuals....

Bangladesh has been engulfed in turmoil this week as violence erupted between student protesters, security officials, and pro-government student activists over a contentious quota system for government jobs. The protest organisers have declared a complete shutdown across the nation on Thursday, sparing only essential services. This announcement follows the decision of several major universities to close their doors indefinitely in an effort to deescalate the mounting tensions. The protests, which have seen tens of thousands take to the streets, began in earnest late last month. However, tensions reached a boiling point on Monday when student activists at Dhaka University, the largest university in the country, clashed with police and counter-protesters allied with the ruling Awami League. The resulting violence left at least 100 people injured. The situation further deteriorated the following day, with six fatalities reported as violence continued to spread across campuses throughout B...