Sri Lanka Financial News

With a vision to develop Trincomalee as a regional hub, India and Sri Lanka are determined to deepen their ties through trade, digitalization, and people-to-people engagement. Prime Minister Narendra Modi and President Ranil Wickremesinghe during talks addressed the economic crisis faced by Sri Lanka, leading to various agreements and declarations of intent that signal growing economic collaboration between the two neighboring nations.A Common Vision for Enhanced Connectivity

Ranil Wickremesinghe on Friday said that he believes that India's growth will be beneficial to the neighbourhood and the Indian Ocean region (IOR). Wickremesinghe today held delegation-level bilateral talks with Prime Minister Narendra Modi following which India and Sri Lanka adopted a vision statement to significantly expand their economic partnership.

a video shot on May 4 surfaced on Wednesday, July 19, over two months after it happened, triggering protests and uproar among the masses. The video showed two women, disrobed, being held, paraded and assaulted by hundreds of men and being taken to a field. One of them was allegedly gang-raped.

Manipur's Kangpokpi district on May 4, police said on Friday. In Imphal, a mob of women set fire to the house of Huirem Herodas Singh at Yairipok village in Thoubal district late on Thursday evening. The Manipur police on Thursday night said that four accused, including Singh, have been arrested in connection with the shocking case of women disrobed and paraded. Chief Minister N. Biren Singh, who also holds the home portfolio, told the media that interrogation of the arrested persons is being conducted by senior police officials and at this juncture, he would not be able to disclose the details. «The state police is making all out efforts to arrest the remaining culprits at the earliest. Raids are continuing,» the Manipur Police tweeted.

foreign exchange reserves, which made it challenging for the country to finance essential imports, including fuel and medicine. Speaking on the India-Sri Lanka ties, PM Modi said, “Sri Lanka faced many challenges last year but like a close friend we stood shoulder to shoulder with the people of Sri Lanka in the time of crisis." Meanwhile, Prime Minister Modi said that the agreement signed to launch UPI in Sri Lanka will increase Fintech connectivity.

UPI) technology will now be accepted in neighbouring Sri Lanka. Apart from UPI's acceptance, several agreements were also exchanged between India and Sri Lanka in the presence of Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in the national capital on Friday. In India, the UPI payments system has become hugely popular for retail digital payments and its adoption is rapidly increasing across the world.

Ajit Doval called on Sri Lanka President Ranil Wickremesinghe in New Delhi on Friday. Wickremesinghe who arrived in New Delhi yesterday on a two-day visit was welcomed by Union Minister of State (MoS) for External Affairs, V Muraleedharan. Wickremesinghe will meet with Prime Minsiter Narendra Modi today at the Hyderabad House here.

H.E. President Ranil Wickremesinghe to explore multiple range of projects in Sri Lanka. In a Twitter post, Adani revealed that the discussions covered the ongoing development of Colombo Port West Container Terminal, a 500 MW wind project, and the expansion of their renewable energy expertise to produce green hydrogen.

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe starting on Friday. This is the Sri Lankan president’s first visit to India since taking office after his predecessor Gotabaya Rajapaksa was swept from power amid mass protests in 2022. Wickremesinghe’s visit comes even as his country continues to grapple with a protracted economic crisis with inflation soaring at 25.2%.

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe, who arrives in New Delhi today. This is Wickremesinghe’s first visit to India since taking office after his predecessor, Gotabaya Rajapaksa, was swept from power after mass protests in 2022. The visit comes even as Sri Lanka continues to grapple with a protracted economic crisis.

The much-awaited official schedule of the Asia Cup has finally been unveiled, putting an end to the months-long dispute between the cricket boards of India and Pakistan. Pakistan has managed to retain the hosting rights for the prestigious tournament, but only four out of the 13 matches will be held in the country. The other participating teams include Sri Lanka, Afghanistan, Bangladesh and Nepal, making it a competitive field for the ODI competition.

Sri Lanka’s Parliament approved an anti-corruption legislation as the island nation attempts to overcome an unprecedented economic crisis

India and Pakistan will play the Asia Cup matches at the neutral venue of Kandy in Sri Lanka. The decision was taken after the cricket regulators of the two sides failed to reach a compromise on the issue. The two neighbors have bitter relations and they have fought a few wars. The political and diplomatic ties between them worsened after 2013. Pakistan and Sri Lanka are the co-hosts of the tournament that will be held from July 30 to August 17. The final match will be held in Sri Lanka. Afghanistan, Bangladesh, and Nepal will be the other contenders in the six-team 50-over competition. Nepal, India, and Pakistan have been put in group A. Two teams from each group of three teams will advance to the Super Four stage to decide the teams that will play the final. The first Super Four match will be held in the Pakistani city of Lahore before it moves to the Sri Lankan city of Colombo. But the groups are made in such a way that India will not have to play in Lahore. The only group match between India and Pakistan will be played in Kandy on September 2. The inaugural match of the Asia Cup cricket will be held on August 30 in the Pakistani city of Multan between Nepal and Pakistan. Bangladesh will take on Sri Lanka on August 31 in Kandy whereas Afghanistan will take on Bangladesh on August 3 in Lahore. Nepal will meet India in Kandy on September 4 and Afghanistan will take on Sri Lanka on September 5 in Lahore.

India and Pakistan will lock horns on September 2 in Kandy in the 2023 Asia Cup, scheduled to start on August 30, according to ESPNcricinfo. A total of 13 matches will be played in the tournament. Pakistan is grouped with India and Nepal in Group A, while Sri Lanka, Bangladesh, and Afghanistan are in Group B.

Asia Cup 2023. "Pakistan will take the stance at the ACC meeting that with a rainy weather forecast for venues in Sri Lanka which is to host nine games of the Asia Cup, Pakistan should be allowed to host more than four games at home," said a PCB source.

Triumph International has announced the appointment of Ankur Damani as the commercial director for India and Sri Lanka. In his new position, Damani will play a key role in driving growth for Triumph Lingerie by developing a robust business strategy aimed at boosting sales and retail net profit in the Indian market.

Bajaj Allianz General Insurance has launched a new motor insurance offering called V-Pay. The add-on cover is only for private car owners, not for commercial vehicles. Under this add-on, the insuree can report multiple minor paint chips and/or scratches anytime during the policy period.

digital payment systems and trade settlements, as well as strengthening cooperation in cyber security and prevention of transnational crimes." Thailand's Deputy Prime Minister and Minister of Foreign Affairs, Don Pramudwinai, chaired the Retreat, which saw the participation of Foreign Ministers from Bangladesh, Bhutan, India, Myanmar, Nepal, and Sri Lanka. During the Retreat, the Ministers reached a consensus to conduct such gatherings on a regular basis, preferably in the first quarter of each year.

Asia Cup will witness the clash between warring cricket giants India and Pakistan on September 2. The thrilling encounter is scheduled to take place at the Pallekele International Cricket Stadium in Kandy, as confirmed by reports. ESPNcricinfo revealed that the tournament will kick off with a match between Pakistan and Nepal.Schedule Finalization: ACC approves unique hybrid model The Asian Cricket Council (ACC) is currently working diligently to finalize the schedule for the upcoming Asia Cup.

India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements.  However, it is to be noted here that India has scored poorly in mobility.

aviation market has a «huge potential» waiting to be tapped, and a growing middle-class and a young population usually showing a greater propensity to travel will contribute to its growth, top experts of the industry have said. Besides, privatisation of airports has been a «big boost for aviation», and huge investment is happening in new airports and existing airports in India, said Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India.