Sri Lanka Financial News

coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday. An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was convened by the Department for Promotion of Industry and Internal Trade (DPIIT). During the meeting measures taken by different ministries to improve logistics efficiency in the country were also showcased, the commerce and industry ministry said. «A draft coal logistic policy and national coal evacuation plan has been developed by the ministry of coal. In addition, standardization of physical assets (heavy earth moving machines for coal handling) and setting up benchmarks for quality management, is under progress,» the statement said. Speaking at the meeting DPIIT Secretary Rajesh Kumar Singh talked about the critical role played by ports in making India a globally competitive export destination and suggested greater adoption of initiatives like the Logistics Data Bank to draw learnings for improving logistics performance across various metrics. In the meeting, it was highlighted that for making India's domestically manufactured goods globally competitive and for achieving the USD 2.5 trillion EXIM (export-import) target by 2030, it is imperative to have an efficient logistics ecosystem.

Tamil Nadu Chief Minister M K Stalin launched a tirade against Union Home Minister Amit Shah on Saturday accusing him of starting a «sin yatra» (pava yatirai in Tamil) from the pilgrim town of Rameswaram and claimed that the BJP is also perpetuating family rule. The Home Minister talks as if family rule is existing only in Tamil Nadu, forgetting the fact that it exists in the BJP too, the Chief Minister said and also questioned the saffron party's sudden affection and pity for the Tamil Nadu fishermen.

Indian naval ship 'Khanjar', an indigenously-built Missile Corvette of the Khukri class, will make a three-day visit to Sri Lanka's eastern harbour of Trincomalee from Saturday to further people-to-people connect and familiarise the people with the Indian Navy. The visit is significant in view of the potential for cooperation between India and Sri Lanka for augmenting the capabilities of the Sri Lanka Navy for efficiently addressing shared challenges for maritime security in the region, the Indian High Commission in Colombo said in a statement on Friday.

Netball World Cup 2023 begins this Friday i.e. July 28 and sixteen teams are ready to hit the court in Cape Town. It will run through August 6 (Sunday).

Indian women's cricket team captain Harmanpreet Kaur will only be able to play in the Asian Games if her team reaches the final of the mega event starting September 23 in Hangzhou. Four teams in both men's and women's events — India, Pakistan, Sri Lanka and Bangladesh — will be directly playing from the last eight stage, courtesy the ICC T20I ranking on June 1.

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New Delhi: Japan’s foreign minister Yoshimasa Hayashi is scheduled to visit India for two days, starting Thursday. Hayashi is expected to meet his Indian counterpart S Jaishankar during this visit, which is a part of his six-nation tour across Asia and Africa.

Known in Sri Lanka as «Black July», the brutal violence triggered a 26-year conflict that killed about 100,000 people and set development back by decades, ending only after the Tamil rebels fighting for autonomy were massacred in 2009. The 1983 anti-Tamil mob attacks escalated on July 29, when Mohan Panneer Selvam was just eight years old. A rampaging gang torched his home in the tea-growing central town of Hawa Eliya, burning 13 people inside, including his parents, relatives and their staff. «My grandmother started to escape, they shot her and threw her body into the house,» Panneer Selvam said, breaking down while recalling the events narrated to him by his older sister.

non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season, which constitutes about 25% of the total rice export of the country. In an official statement, the food ministry said there would be no change in the export policy of par-boiled non-basmati rice and basmati rice, which forms the bulk of exports, according to a report published by the news agency PTI. Addressing a press conference, Pierre-Olivier Gourinchas, Chief Economist of IMF said that these types of restrictions are likely to exacerbate volatility in food prices in the rest of the world.

Sri Lankan Navy has arrested nine Indian fishermen and seized two trawlers for allegedly poaching in the country's territorial waters, according to an official statement on Tuesday. The arrests were made near Delft Island, Jaffna. The fishermen, from Tamil Nadu, were apprehended on Monday, the Navy said.

World Test Championship standings. Team India was held to a draw in the second Test match against the West Indies in Trinidad as the entire final day was washed out. The rains also forced India to give up its 100% win-loss record in the new World Test Championship cycle.

COLOMBO (Reuters) — Sri Lanka plans to complete free trade talks with Thailand by February and sign an agreement in March, Sri Lanka's cabinet spokesperson said on Tuesday, as part of an effort to expand trade as it emerges from economic turmoil.

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.

ICC World Cup and showcases the excitement of fans around the tournament. The video included Pakistani players like Shaheen Afridi and Wahab Riaz, but not current skipper Babar Azam.

After France, UAE and Singapore, now our southern ... moreAfter France, UAE and Singapore, now our southern neighbour Sri Lanka is also set to accept India's Unified Payments Interface.

Sri Lankan batter Lahiru Thirimanne has announced his retirement from international cricket. The 33-year-old Lankan featured in 44 Tests, 127 One-Day Internationals and 26 T20 Internationals, having made his debut in 2010. He played for Sri Lanka in three ICC T20 World Cups, including the 2014 edition where the side emerged victorious.

Sri Lanka is considering the possibility of allowing the usage of the Indian rupee for local transactions just like the dollar, euro and yen to facilitate Indian tourists and businessmen, Foreign Minister Ali Sabry said on Saturday. Sabry was briefing the media here on President Ranil Wickremesinghe's visit to India on July 20-21, his first since assuming office last year. He held talks with Prime Minister Narendra Modi on Friday.

Sri Lanka and India have signed a slew of energy, development and trade agreements, signaling the growing economic ties between the two neighboring countries

India and Sri Lanka will conduct feasibility studies on petroleum line and land bridge connectivity between the countries in what could boost sub-regional integration in the Indian Ocean Region, Prime Minister Narendra Modi said on Friday after holding talks with visiting Sri Lankan President Ranil Wickremesinghe. The two sides announced five pacts, including a memorandum of cooperation for economic development projects in Trincomalee district of Sri Lanka and memorandum of understanding on renewable energy.

NEW DELHI : IIndia and Sri Lanka on Friday agreed to start discussions on an Economic and Technology Cooperation Agreement (ECTA) and unveiled plans to cooperate on power, digital payments, connectivity and green energy. The ECTA with Sri Lanka will focus on tariff and non-tariff barriers as well as investment rules.

Ranil Wickremesinghe India's expectations from Colombo to fulfill the aspirations of the Tamil community in the island nation and ensure a life of respect and dignity for it. The issue figured prominently in the wide-ranging talks between Modi and Wickremesinghe, with the prime minister highlighting the need for the implementation of the 13th Amendment to the Sri Lankan Constitution. The Tamil community in Sri Lanka has been demanding the implementation of the 13th Amendment that provides for devolution of power to it.