ECONOMYNEXT – In India’s East Gujarat, more than fifty thousand Indigenous families are no longer considered encroachers but legal landowners with the right to better their standard of living using the resources of the forests. The road to that change…
ECONOMYNEXT – Two-time Prime Minister Narendra Modi’s less-than-expected win at the India’s parliamentary election may not change its foreign policy towards Sri Lanka, but aggressive push for connectivity and infrastructure projects in the island nation could be slowed, analysts say.…
ECONOMYNEXT – Fitch Ratings has confirmed an ‘A(lka)’ rating of state-run People’s Bank, saying the economic environment has stabilized, bad loans has reduced, but it has large exposures to the government and a public utility. However, Peoples’ Bank only had…
ECONOMYNEXT – Sri Lanka’s Power and Energy Minister Kanchana Wijesekera has proposed sharp reduction in electricity bills for lower users from July 1. Wijesekera told the parliament that the proposal needs to be approved by the regulator, Public Utilities Commission…
President Ranil Wickremesinghe inaugurated his new political office in Colombo today (06) at an auspicious moment. The office, located on Sir Ernest de Silva Mawatha, will serve as the center for future political operations. The ceremony included religious rites and…
ECONOMYNEXT – A Women’s Caucus in Sri Lanka’s parliament has commissioned a survey on gender pay gaps with the intention of bringing legislation to narrow the gap, the group’s Chairperson Dr Sudarshani Fernandopulle said. “We are conducting a survey to…
ECONOMYNEXT — The National Democratic Alliance (NDA) led by Prime Minister Narendra Modi’s Bharatiya Janatha Party (BJP) was in for a shock Tuesday June 04 afternoon as early results of India’s general election indicated a distinct possibility that the party…
ECONOMYNEXT – Sri Lanka is considering price controls on cement Trade Minister Nalin Fernando said, while government imposed imposed protectionist taxes keep the prices of most building materials including steel and tiles artificially high. “We will announce a maximum retail…
ECONOMYNEXT – Sri Lanka is facing legal barriers in its efforts to reclaim priceless artifacts from Britain, as many of these items are held by private individuals rather than the state, Buddhasasana, Religious and Cultural Affairs Minister Vidura Wickremenayake said.…
ECONOMYNEXT – The Sri Lankan government will not enact the necessary legislation to cancel already declared Local Government (LG) polls, a State Minister said, amid growing concerns over potential violations of election laws through various development projects and a poverty…
