Sri Lanka Financial News

Virat Kohli, known for his fitness commitment, continues to inspire fans with his rigorous workout routines shared on social media. Even on Independence Day, a national holiday, Virat hit the gym to maintain his form for the upcoming Asia Cup. Sharing a video on X (formerly Twitter), he said, "Chutti hai fir bhi bhaagna toh padega" along with emojis depicting a grinning face and a person running.

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

Mint had reported in January this year that the public sector Power Grid Corporation of India had prepared a preliminary report for the project. Mint reported that the interconnection would take place through overhead power lines and not subsea cables. Talks on establishing power grid connectivity have been on for over a decade now.

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

New Delhi And Colombo Are Set To Begin Technical D... moreNew Delhi And Colombo Are Set To Begin Technical Discussions That Could Pave The Way For A Multi-Product Petroleum Pipeline Between The Two South Asian Nations, Mint Has Learnt.

₹3,275.1 crore marginally missed consensus estimate of ₹3,384 crore. While domestic demand held up well, C&B product exports dipped due to subdued demand in the overseas market. The C&B segment is a major contributor to Pidilite’s revenues and the rest comes from B2B, which faced headwinds due to lower demand from business dependent on exports.

NEW DELHI : India is working with multilateral forums, including the UN and the G20, to create collaborations that would certify, register, test and benchmark Indian digital public infrastructure (DPIs) and public goods (DPGs), two people with direct knowledge of the matter said. The success of some of the government’s popular DPI programmes like CoWin, UPI, Digilocker and Diksha (national digital infrastructure for teachers) has prompted New Delhi to seek its own rating and testing mechanism for DPIs and DPGs, the people mentioned above said.

India's sensitive security and strategic concerns. This is not the first time Sri Lanka will give space to China's military vessels as in August 2022, a Chinese vessel known for its role in tracking ballistic missiles, Yuan Wang 5, successfully moored at the harbor of Hambantota.

PTI, the central bank governor batted for an "expeditious completion" of quota review at the IMF in order to help distressed countries better. Shaktikanta Das made the pitch while addressing a seminar on the global economy organized by the Ministry of Finance and the Reserve Bank of India (RBI) in Mumbai. "A bigger and stronger IMF that is capable of managing the levels of country risks assumes crucial importance," Das said.

India and Japan being active and vital middle powers in the Indo-Pacific region, their partnership for project-specific support in Sri Lanka holds significance and with their proven experience, knowledge, and expertise in tackling specific development challenges, both countries could support Sri Lanka financially and technically, suggested report brought out by prominent Colombo-based think tank Pathfinder Foundation. The report — “Medium and Long-term Strategy for Indo-Japanese Collaboration to Support the Economic Transformation of Sri Lanka” — was released here on Thursday in partnership with two prominent think tanks based in New Delhi, namely, NATSTRAT and Vivekananda International Foundation, and the Confederation of Indian Industry.

international trade, the Reserve Bank of India (RBI) last year in July allowed invoicing and payments for international trade in domestic currency. The move was largely seen as part of the effort to bring down India’s massive oil import bill by purchasing Russian oil in domestic currency.

The Intercept. During the meeting, the Pakistani ambassador to the United States and two State Department officials have drawn tremendous attention, debate, and rumors in Pakistan over the past year and a half. One month after the meeting, a no-confidence motion against Imran Khan's leadership was held in Parliament.

The much-awaited encounter between India and Pakistan in the ICC Men's Cricket World Cup 2023 has been rescheduled to a different day, along with this eight other matches of the tournament have also been changed. The clash between India and Pakistan was originally slated to take place in Ahmedabad on Sunday, 15 October, but this has been moved a day earlier and will now be held at the same venue on Saturday, 14 October.

Lok Sabha, Minister of State for Commerce and Industry Anupriya Patel said a significant part of the India-Nepal trade is being carried out in Indian Rupee (INR) and all bilateral trade with Bhutan is also transacted entirely in INR. «Rupee trade mechanism has been initiated to facilitate trade in national currency with Russia. As of July 2, RBI has approved 34 applications from different Russian banks for opening SRVA in 14 Indian commercial banks,» the minister said in a written reply.

Also read: Will the rupee emerge as a global currency? During the Joint Trade Sub-Commission (JTSC) meeting held in New Delhi on August 8, India engaged in discussions regarding the possibility of establishing a bilateral currency trade settlement with Vietnam. Vietnam stands as India's fifth-largest trading partner within the Association of Southeast Asian Nations (ASEAN) region, contributing to 11.2 percent of India's overall trade with ASEAN in the fiscal year 2022-23.

maritime space and eyeing the same India is focusing on a larger role in Indo-Pacific. The recent developments in the region are hinting that India is seeking a big-brother role in the Indo-Pacific region, especially for countries affected by China's expansionist policies.

World Cup when Pakistan lifted the trophy. During his tenure as the skipper of the Pakistan team, Inzamam-ul-Haq was subject to much criticism for the failure of his approach, especially against India. He attracted much light during the Oval controversy of 2006 when the umpires accused Pakistani bowlers of ball tampering.

Hiranya Vastra or Putambhar Vastra, and gods are described as having been decked in hiranya as they set forth in their chariots. King Siddhartha shed his royal robes and is said to have wrapped himself in the fine cotton of that time. Today, the weavers of Varanasi weave resplendent brocade gyaser cloth for Tibetan monasteries all over the countey, with special commendation by His Holiness the Dalai Lama.

eTukTuk is an emerging green crypto aiming to reshape the future of transport. Leveraging blockchains, they aim to create sustainable transport solutions while reducing the global economic divide.

BCCI) to reschedule Pakistan-England World Cup match, scheduled for to be played at Kolkata's Eden Gardens on November 12, Press Trust of India reported citing sources. The Cricket Association of Bengal officials cited security concerns of Kolkata police for the match which is slated on Kali Puja. Kali Puja is one of the biggest biggest festival in West Bengal, and thousands of local clubs organise festivities with a large police deployment required to maintain law and order situation across the length and breadth of the city.

Sri Lanka has issued tenders choosing India over China for power projects near Jaffna, shortly after President Ranil Wickremesinghe's New Delhi trip. The Ceylon Electricity Board (CEB) recently called for tenders to execute the hybrid power projects in three northern islands of Sri Lanka using a grant of $12 million from India, according to Colombo-based sources. In January 2021, Sri Lanka had awarded the contract to Chinese firm Sinosar-Etechwin to install a hybrid renewable energy system in Nainativu, Delft or Neduntheevu and Analaitivu islands off the coast of Jaffna, which was later scrapped.