China has invested $1.4 billion in the strategically located project. But the Rajapaksa govt wants India to invest in the potential metropolis, which is Sri Lanka's first SEZ.
Sri Lanka passed a bill last month which will establish Colombo Port City Special Economic Zone & Colombo Port City Economic Commission under a $1.4 bn deal funded by China.
With Sri Lanka scrapping East Container Terminal deal with India and Japan, and Adani Group’s entry to develop the west terminal, Modi govt is rethinking its cabotage policy.
Sri Lanka has scrapped the East Container Terminal project. But New Delhi believes Colombo might reconsider its decision and ‘things can change any moment’.
The four Karnataka leaders were staying at Colombo's Shangri-La hotel, one of the sites that was attacked in the Easter Sunday terror strikes on Sri Lanka.
A curfew has been imposed in Sri Lanka after 8 coordinated bombings targeted church goers & tourists in Colombo, Negombo & Batticaloa, killing more than 160 people.
Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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