The MRCC has a sub-centre in Hambantota, the location of a Chinese built and operated port. Cntre is significant in context of growing rivalry between India and China in the region.
A complete lack of trust between the Sinhala elite and Tamil minority is apparent across Sri Lanka, which seems unable to even begin laying some of its ghosts to rest.
Sri Lankan President Ranil Wickremesinghe, on a two-day visit to India, said the two countries have agreed on a 'vision' to strengthen their economic partnership.
President expected to stress on importance of India’s support in Sri Lanka’s economic recovery, amid concerns over island nation's close ties with China, its biggest bilateral creditor.
A delegation from National Centre for Good Governance led by its DG Bharat Lal met Lankan president, senior civil servants earlier this week. It made a presentation on various schemes.
The island nation will also be the first in Asia to undergo a 'governance diagnostic exercise' by the International Monetary Fund. First tranche of loan to be released in next few days.
The President said the dire economic situation in Sri Lanka has affected every field like education & health, stressing on his debt restructuring program to help the collapsed economy.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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