Desperations of a goal setter untoward. But we cannot help meeting people. How do we know the future? KR
On Sun, 8 Dec 2024 at 12:08, APS Mani <[email protected]> wrote: > Worth reading the full details of Yunus. Had the misfortune of meeting > him in person during my Tokyo days, very close conversation too. Thanks, > KR Sir, Mani > > On Sun, Dec 8, 2024 at 11:01 AM Rajaram Krishnamurthy < > [email protected]> wrote: > >> Muhammad Yunus Article >> >> From Wikipedia >> >> 5th Chief Adviser of Bangladesh >> >> Assumed office 8 August 2024 >> >> President Mohammed Shahabuddin >> >> Preceded by Sheikh Hasina >> >> (as Prime Minister) >> >> Adviser of the Caretaker Government >> >> In office >> >> 30 March 1996 – 23 June 1996 >> >> President Abdur Rahman Biswas >> >> Chief Adviser Muhammad Habibur Rahman >> >> Personal details >> >> Born 28 June 1940 (age 84) >> >> Hathazari, Bengal Province, British India >> >> Citizenship >> >> British Raj (1940–1947) >> >> Pakistan (1947–1971) >> >> Bangladesh (since 1971) >> >> Awards >> >> Olympic Laurel (2020) >> >> Congressional Gold Medal (2010) >> >> Presidential Medal of Freedom (2009) >> >> Nobel Peace Prize (2006) >> >> Independence Award (1987) >> >> Muhammad Yunus[a] (born 28 June 1940) is a Bangladeshi economist, >> entrepreneur, politician, and civil society leader, who has been serving as >> Chief Adviser (interim head of government) of the interim government of >> Bangladesh since 8 August 2024. Yunus was awarded the Nobel Peace Prize >> in 2006 for founding the Grameen Bank and pioneering the concepts of >> microcredit and microfinance. Yunus has received several other national >> and international honors, including the United States Presidential Medal of >> Freedom in 2009 and the Congressional Gold Medal in 2010 >> >> In 2012, Yunus became Chancellor of Glasgow Caledonian University in >> Scotland, a position he held until 2018 Previously, he was a professor of >> economics at Chittagong University in Bangladesh. He published several >> books related to his finance work. He is a founding board member of Grameen >> America and Grameen Foundation, which support microcredit Yunus also served >> on the board of directors of the United Nations Foundation, a public >> charity to support UN causes, from 1998 to 2021.In 2022, He partnered with >> Global Esports Federation as part of the Esports for Development (E4D) >> movement to support the development of Esports. >> >> Following the overthrow of Sheikh Hasina, President Mohammed Shahabuddin >> gave Yunus a mandate to form an interim government, acceding to calls from >> student leaders for his appointment. His government has appointed a >> Constitutional Reform Commission to draft a revision to the Constitution of >> Bangladesh and has pledged the convocation of a constituent assembly. His >> acquittal on appeal the following day of charges of labour code violations, >> which were viewed as politically motivated, facilitated his return to the >> country and appointment. His name was listed in The 500 Most Influential >> Muslims in 2024. >> >> In 1965, he received a Fulbright scholarship to study in the United >> States. He obtained his PhD in economics from the Vanderbilt University >> Graduate Program in Economic Development (GPED) in 1971 From 1969 to 1972, >> Yunus was the assistant professor of economics at Middle Tennessee State >> University in Murfreesboro.During the Bangladesh Liberation War in 1971, >> Yunus founded a citizen's committee and ran the Bangladesh Information >> Center, with other Bangladeshis in the United States, to raise support for >> liberation. He also published the Bangladesh Newsletter from his home in >> Nashville. After the War, he returned to Bangladesh and was appointed to >> the government's Planning Commission headed by Nurul Islam. However, he >> found the job boring and resigned to join Chittagong University as head of >> the Economics department. >> >> In 1974 we ended up with a famine in the country. People were dying of >> hunger and not having enough to eat. And that's a terrible situation to see >> around you. And I was feeling terrible that here I teach elegant theories >> of economics, and those theories are of no use at the moment with the >> people who are going hungry. So I wanted to see if as a person, as a human >> being, I could be of some use to some people. >> >> >> >> – Muhammad Yunus while talking about reason behind creating Grameen Bank >> >> Political career >> >> In July 2007, in Johannesburg, South Africa, Nelson Mandela, Graça Machel >> and Desmond Tutu convened a group of world leaders "to contribute their >> wisdom, independent leadership and integrity to tackle some of the world's >> toughest problems. Nelson Mandela announced the formation of this new >> group, The Elders, in a speech he delivered on the occasion of his 89th >> birthday. Yunus attended the launch of the group and was one of its >> founding members. He stepped down as an Elder in September 2009, stating >> that he was unable to do justice to his membership due to the demands of >> his work.Yunus is a member of the Africa Progress Panel (APP), a group of >> ten distinguished individuals who advocate at the highest levels for >> equitable and sustainable development in Africa. Every year, the Panel >> releases a report, the Africa Progress Report, that outlines an issue of >> immediate importance to the continent and suggests a set of associated >> policies. In July 2009, Yunus became a member of the SNV Netherlands >> Development Organisation International Advisory Board to support the >> organisation's poverty reduction work Since 2010, Yunus has served as a >> Commissioner for the Broadband Commission for Digital Development, a UN >> initiative which seeks to use broadband internet services to accelerate >> social and economic development In March 2016, he was appointed by United >> Nations Secretary-General Ban Ki-moon to the High-Level Commission on >> Health Employment and Economic Growth, which was co-chaired by presidents >> François Hollande of France and Jacob Zuma of South Africa.[47] Following >> the Rohingya genocide in 2016–2017, Yunus urged Myanmar to end violence >> against Rohingya Muslims. >> >> Muhammad Yunus was appointed as the transitional leader of the interim >> government on 7 August 2024 by president Mohammed Shahabuddin. On 8 August >> 2024, he took the oath and has been serving as the Chief Advisor of the >> 2024 Bangladesh interim government.After the oath he visited injured >> peoples in Dhaka Medical College.[62] On 10 August 2024, he visited the >> home and family members of Abu Sayed He also visited injured student >> protesters in the Rangpur Medical College. Following communal violence >> after Hasina's resignation, Yunus threatened to resign if the violence >> continued and vowed to crack down on conspirators of the attacks. >> >> Controversies >> >> 2011 dismissal >> >> The second Awami League government announced a review of Grameen Bank >> activities on 11 January 2011. In February 2011, several international >> leaders, such as Mary Robinson, stepped up their defence of Yunus through a >> number of efforts, including the founding of a formal network of supporters >> known as "Friends of Grameen". >> >> On 15 February 2011, the Finance Minister of Bangladesh, Abul Maal Abdul >> Muhith, declared that Yunus should "stay away" from Grameen Bank while it >> is being investigated. On 2 March 2011, Muzammel Huq, a former Bank >> employee, whom the government had appointed chairman in January, announced >> that Yunus had been fired as managing director of the Bank. However, Bank >> General Manager Jannat-E Quanine issued a statement that Yunus was >> "continuing in his office" pending review of the legal issues surrounding >> the controversy. >> >> In March 2011, Yunus petitioned the Bangladesh High Court challenging the >> legality of the decision by the Bangladeshi Central Bank to remove him as >> managing director of Grameen Bank. The same day, nine elected directors of >> Grameen Bank filed a second petition. U.S. Senator John Kerry expressed his >> support to Yunus in a statement on 5 March 2011 and declared that he was >> "deeply concerned" by this affair. The same day in Bangladesh, thousands of >> people protested and formed human chains to support Yunus. The High Court >> hearing on the petitions, was planned for 6 March 2011 but postponed. On >> 8 March 2011, the Court confirmed Yunus's dismissal. >> >> Accusation of 'loan sharking' and effectiveness of microfinance >> >> Yunus at an opening ceremony of his new book in New York City in 2008 >> >> The allegations against Muhammad Yunus and Grameen Bank were made in a >> context where some people began to question the effectiveness of >> microfinance, prompted by the actions of some for-profit microfinance >> institutions (MFIs) in India and Mexico.[79] Coercion, peer pressure and >> physical harassment were reportedly used as loan repayment practices in >> some specific MFIs.[80] Commercialisation of microcredit prompted Yunus to >> state that he "never imagined that one day microcredit would give rise >> to its own breed of loan sharks." >> >> The lure of profits attracted some for-profit MFIs to hold initial public >> offerings (IPOs), including the largest Indian MFI, SKS Microfinance, which >> held an IPO in July 2010 In September 2010, Yunus criticised the IPO; in a >> debate with SKS founder Vikram Akula during the Clinton Global Initiative >> meeting, he said, "Microcredit is not about exciting people to make money >> off the poor. That's what you're doing. That's the wrong message >> completely." Calculations of actual interest rate vary, but one estimate >> puts average Grameen rates at about a 23% interest rate (comparable to the >> inflation rate). Also see what annual interest do NGOs earn from a fixed >> initial capital? In 2013, he faced a state-backed smear campaign that >> accused him of being un-Islamic and promoting homosexuality, after he >> signed a joint statement criticising the prosecution of gay people in >> Uganda in 2012 with three other nobel laureates. >> >> Food adulteration case >> >> On 27 January 2011, Yunus appeared in court in a food-adulteration case >> filed by the Dhaka City Corporation (DCC) Food Safety Court, accusing him >> of producing an "adulterated" yogurt whose fat content was below the legal >> minimum. This yogurt is produced by Grameen Danone, a social business joint >> venture between Grameen Bank and Danone that aims to provide opportunities >> for street vendors who sell the yogurt and to improve child nutrition with >> the nutrient-fortified yogurt. According to Yunus' lawyer, the allegations >> are "false and baseless". >> >> Trials >> >> Yunus faced 174 lawsuits in Bangladesh, 172 of which were civil cases. >> Allegations included labour law violations, corruption, and money >> laundering, which Yunus alleged were politically motivated. >> >> Hasina launched a series of trials against Yunus. The former put the >> latter on trial in 2010 and ultimately removed him from Grameen Bank, >> citing his age. In 2013, he was tried a second time, because he had >> supposedly received earnings without the necessary government permission, >> including his Nobel Peace Prize earnings and royalties from his book sales. >> The series of trials against Yunus puzzled figures worldwide, from the 8.3 >> million underprivileged women served by Grameen Bank to U.S. President >> Barack Obama. >> >> On 1 January 2024, a court in Bangladesh sentenced Yunus to a six-month >> prison term, along with three employees from Grameen Telecom for labor law >> violations. However, the court granted bail pending appeals. Amnesty >> International declared Yunus's conviction a "blatant abuse" of the justice >> system. The conviction was overturned on 7 August 2024 following an appeal. >> He has been acquitted in a graft case filed by the Anti-Corruption >> Commission (ACC) just four days after getting acquittal for the labour >> violations case >> >> 9 March, Attorney General Mahbubey Alam expressed the government's >> attitude when he said, "Prime Minister Sheikh Hasina should have been >> awarded the Nobel Peace Prize". He went on to challenge the wisdom of the >> Nobel committee. >> >> The Bangladesh government launched the first trial against Yunus in >> December 2010, alleging that in 1996 he had transferred approximately $100 >> million to a sister company of Grameen Bank. Yunus denied the allegations >> and he was found innocent by the Norwegian government. >> >> Yunus became subject to legal proceedings over three criminal cases. A >> criminal defamation case was filed against Yunus for criticising >> politicians in 2007. A food inspector filed another case against Yunus, >> alleging that yogurt manufactured by Grameen-Danone was adulterated. The >> final blow came on 3 March 2011. Bangladesh Bank informed Grameen in a >> letter that Yunus had been removed from Grameen, citing old age. Backed by >> nine boards of directors, 22 thousand employees, and 8.3 million Grameen >> borrowers, Yunus defied the government order, returned to Grameen's >> headquarters in Dhaka, and lodged an appeal at Dhaka High Court against the >> decision. However, Justice Mohammad Momtazuddin Ahmed and Justice Gobinda >> Chandra Tagore delivered the verdict against Yunus, Backed by >> international leaders (e.g., Hillary and Bill Clinton), national leaders >> (e.g., Sir Fazle Hasan Abed) and 8.3 million Grameen borrowers, Yunus filed >> an appeal in Bangladesh Supreme Court against the High Court's verdict. The >> full bench of the Appellate Division headed by Chief Justice ABM Khairul >> Haque heard the appeal on 15 March 2011 and upheld Yunus's removal by >> the government. >> >> Yunus at the Grand Hotel in Oslo, Norway >> >> Yunus was awarded the 2006 Nobel Peace Prize, along with Grameen Bank, >> for their efforts to create economic and social development: >> >> Muhammad Yunus has shown himself to be a leader who has managed to >> translate visions into practical action for the benefit of millions of >> people, not only in Bangladesh, but also in many other countries. Loans to >> poor people without any financial security had appeared to be an impossible >> idea. From modest beginnings three decades ago, Yunus has, first and >> foremost through Grameen Bank, developed micro-credit into an ever more >> important instrument in the struggle against poverty. >> >> — Norwegian Nobel Committee[154] >> >> Yunus was the first Bangladeshi to ever get a Nobel Prize. He established >> Grameen Bank in 1983, which plays a significant role in poverty alleviation >> in various countries of the world including Bangladesh. In 2006, he and the >> Grameen Bank he founded jointly won the Nobel Peace Prize >> >> Former U.S. president Bill Clinton was a vocal advocate for the awarding >> of the Nobel Prize to Yunus. He expressed this in Rolling Stone magazine as >> well as in his autobiography My Life. In a speech given at University of >> California, Berkeley in 2002, President Clinton described Yunus as "a man >> who long ago should have won the Nobel Prize [in Economics and] I'll keep >> saying that until they finally give it to him." Conversely, The Economist >> stated explicitly that while Yunus was doing excellent work to fight >> poverty, it was not appropriate to award him the Peace Prize, stating: "... >> the Nobel committee could have made a braver, more difficult, choice by >> declaring that there would be no recipient at all." >> >> Yunus at the Annual Meeting 2009 of the World Economic Forum in Davos, >> Switzerland >> >> He is one of only seven persons to have won the Nobel Peace Prize, >> Presidential Medal of Freedom, and the Congressional Gold Medal. Other >> notable awards include the Ramon Magsaysay Award in 1984, the World Food >> Prize, the International Simon Bolivar Prize (1996), the Prince of Asturias >> Award for Concord and the Sydney Peace Prize in 1998, and the Seoul Peace >> Prize in 2006. Additionally, Yunus has been awarded 50 honorary doctorate >> degrees from universities across 20 countries, and 113 international awards >> from 26 countries including state honours from 10 countries. Bangladesh >> government brought out a commemorative stamp to honour his Nobel Award.In >> January 2008, Houston, Texas declared 14 January as "Muhammad Yunus Day". >> >> Muhammad Yunus takes oath as head of Bangladesh's interim government". Al >> Jazeera. 8 August 2024. Archived from the original on >> >> Clandestinely getting the balance with the Muslim back up than >> the USA. Survival of the fittest. So A paper tiger living as a leexh. Can >> be quelled in a nano sec. K Rajaram IRS 81224 >> >> >> >> On Sun, 8 Dec 2024 at 09:13, Markendeya Yeddanapudi < >> [email protected]> wrote: >> >>> This man Yunus was a big usurous money lender bloated into the Nobel >>> Prize.This Nobel now repudiates the wonderful Bengali Heritage!He has >>> become the stooge of the CIA helping the genocide of Hindus.He wants to >>> ruin Bangladesh by creating a war against India,which it simply cannot >>> win.Of course he wants to run away when the Indian army takes over. >>> Under Hasina Bangladesh was wonderfully prospering.Now he wants to >>> bankrupt the country with a defeat in war.He cannot stay in Bangladesh >>> without the CIA protection. >>> YM >>> >>> >>> -- >>> *Mar* >>> >>> -- >>> You received this message because you are subscribed to the Google >>> Groups "Thatha_Patty" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> To view this discussion visit >>> https://groups.google.com/d/msgid/thatha_patty/CACDCHCKo680wN_3u7aDu-GL_9Tzc9o6t6WiPgQ253q99N2P8cw%40mail.gmail.com >>> <https://groups.google.com/d/msgid/thatha_patty/CACDCHCKo680wN_3u7aDu-GL_9Tzc9o6t6WiPgQ253q99N2P8cw%40mail.gmail.com?utm_medium=email&utm_source=footer> >>> . >>> >> -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. 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