The decision was made in a meeting of President Shahabuddin with chiefs of the three services and a 13-member delegation of the Anti-Discrimination Student Movement at Bangabhaban tonight, President's Press Secretary Md. Joynal Abedin said

An economist and banker, Muhammad Yunus won the Nobel Peace Prize in 2006 for his groundbreaking work with microcredit, aimed at aiding impoverished individuals, especially women. The Nobel Committee recognized Yunus and his Grameen Bank for their efforts to foster economic and social development from the grassroots level

Yunus established Grameen Bank in 1983 to offer small loans to entrepreneurs who were typically ineligible for traditional credit. The bank's success in alleviating poverty inspired similar microfinance initiatives globally

Yunus won the Nobel Peace Prize in 2006 for his anti-poverty campaign through the Grameen Bank, a mode; which was replicated across continents

He had been in a protracted row with Hasina's government due to obscure reasons while authorities initiated a series of investigations against him after she came to power in 2008

Bangladesh authorities launched a review of the statutory Grameen Bank's activities in 2011 and fired Yunus as its founding managing director on charges of violating the government retirement regulation

He was charged under dozens of cases. In January, Yunus was sentenced to six months in jail by a court on charges of labour law violation

Many people believe Hasina became enraged when Yunus announced that he would form a political party in 2007 when the country was run by a military-backed government and Hasina was in prison

Yunus, however, did not follow through on the plan but at that time he criticised Bangladeshi politicians alleging they were only interested in money