Sri Lanka’s attempts to get an IMF loan to tide over its worst economic crisis since its independence has been caught in the crossfire of global geopolitics, with China refusing to align with the IMF terms on restructuring its loans, and instead offering a two-year moratorium. Dhananath Fernando, the CEO of Advocata Institute, a prominent […]Read More
NEW DELHI: Sri Lanka has been in the news for all the wrong reasons over the past year. An unprecedented but not unexpected economic crisis and the ensuing food, fuel and power shortages sparked violent protests that forced President Gotabaya Rajapaksa to flee the country in July. His successor, interim President Ranil Wickremesinghe, declared a […]Read More
NEW DELHI: The Indian establishment remembers well the late President Mubarak of Egypt. It took him 13 years to find time to come to India to receive the Jawaharlal Nehru Award for International Understanding, announced so many years earlier. Apparently, a protocol gaffe by India at a NAM summit had offended him deeply. Fortunately, fellow […]Read More
There are issues of key import as India looks to seal free trade agreements with the UK (hopefully by the middle of this year), and with the European Union (which could take more time): these are countries that India actually does substantial trade with. “The FTA with the UAE makes sense given over $73 billion […]Read More
NEW DELHI: Work on India’s first semiconductor chip manufacturing plant is expected to get underway early in the new year, in Mysuru, Karnataka. Media reports quoted Ashwath Narayan, state IT minister, to that effect, also indicating that the company is the International Semiconductor Consortium (ISC) comprising the UAE based investment firm Next Orbit Ventures and Israel-based […]Read More
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