Home News India Emerges As a Major Global Donor with Its $7 Bn Given During 2004-10 by S

Total Page:16

File Type:pdf, Size:1020Kb

Home News India Emerges As a Major Global Donor with Its $7 Bn Given During 2004-10 by S 4 Wednesday 10th August, 2011 The Island Home News India emerges as a major global donor with its $7 bn given during 2004-10 BY S. VENKAT NARAYAN then. During this time, India dispensed grants and preferential bilateral loans India, as a donor, is giving aid to He went on: “Today, the proverbial Our Special Correspondent its dependence on aid, and preferred to to governments, contributions to inter- Africa also. Its assistance for the shoe is on the other foot. India has borrow from multilateral lenders and, national organisations and financial African continent has grown at a rate of begun putting its money where its NEW DELHI, August 9: India increasingly, from commercial banks. institutions, and subsidies for preferen- 22 per cent annually over the past 10 mouth used to be. It has now emerged as gave US$ 7 billion to needy and friend- Seven years ago, India declared that tial bilateral loans provided through the years. Bilateral trade between India a significant donor to developing coun- ly countries during 2004-10 and has it will only accept development assis- Export Import Bank of India. Today, the and Africa has experienced a 15-fold tries in Africa and Asia, second only to repositioned itself as an emerging tance from five countries (Germany, Indian foreign aid is less than 0.3 per increase just in just one decade since China in the range and quantity of power and a major global donor, Japan, Russia, Britain and the United cent of GDP. Having the world’s second 2001. While the bilateral Indo-Africa development assistance given by coun- according to a study of its assistance States) in addition to the European largest labour force of 478 million, trade soared to $ 46billion in 2010, it is tries of the global South. In addition, to a few such nations. Union. India had declined international India’s economy today is the 10th expected to reach $ 70billion by 2015. India has built factories, hospitals, and AidData, a distinguished online assistance after both the 2004 Tsunami largest on the planet in terms of nomi- India is now Africa’s second major trad- parliaments in various countries, and portal established by the US-based and the 2005 earthquake in Kashmir. nal GDP, and the fourth largest by ing partner after China, with invest- sent doctors, teachers, and IT profes- Brigham Young University, the College India has been helping needy Purchasing Power Parity (PPP).” ments in oil, pharmaceuticals, gold, dia- sionals to treat and train the nationals of William and Mary and the nations by making modest donations Data from the International monds and information technology. of recipient countries.” Development Gateway (sponsored by since 1958. It was 53 years ago that Monetary Fund (IMF) and World Bank Indian Telecom giant Bharti Airtel Concessional loans at trifling inter- World Bank and 21 world govern- India had dished out its first donation show that India’s per capita GDP (PPP) had spent $ 10 billion in 2010 to take est rates are also extended as lines of ments), has made a study of aid India of INR 200 million as multi-year grants is $3,339 billion, its exports amount to $ over mobile phone operations across credit, tied mainly to the purchase of has provided to nine countries, name- to Myanmar and INR 100 million under 201 billion and imports at $ 327 billion; Africa from a Kuwaiti firm. To cite Indian goods and services, and coun- ly: Ghana, Mali, Myanmar, Nepal, the same head to Nepal. its gross external debt is $ 237.1 billion, another example, India has recently tries in Africa have been clamouring for Ethiopia, Sri Lanka, Afghanistan, In a study on India’s transition to a total Foreign Direct Investment (FDI) is signed a deal with 19 education institu- them. ”In Asia, India remains by far the Sudan and Bhutan. However, India pro- global donor, recently published by the $ 35.6 billion, revenues total $ 170.7 bil- tions in Africa and plans to build a dia- single-largest donor to its neighbour vides assistance to many more nations Spain-based Elcano Royal Institute of lion, expenses are $ 257.4 billion and its mond processing facility in Botswana. Bhutan, as well as a generous aid donor across the globe. International and Strategic Studies. foreign exchange reserves today stand Last May, Prime Minister Singh was to Nepal, the Maldives, Bangladesh, and For decades after independence in Indian economist Dweep Chanana at an impressive $ 319 billion. at Africa-India Forum Summit in Addis Sri Lanka as it recovers from civil war,” 1947, when Britain left the Indian sub- wrote: “India has expanded its aid pro- During a visit to Afghanistan in May Ababa (Ethiopia), where he had pledged Tharoor added. continent one of the poorest and most gramme over the past decade, emerging this year, Prime Minister Dr Manmohan a $ 5 billion credit to the African nations Given Afghanistan’s vital impor- ravaged regions on earth with an effec- as a serious donor in certain countries. Singh had announced an additional $500 to help them meet development goals. tance for the security of the subconti- tive growth rate of zero per cent over Like most emerging donors, India’s aid- million aid package. This was in addi- Shashi Tharoor, a Lok Sabha mem- nent, India’s assistance programme the preceding two centuries, India was related activities do not follow the tradi- tion to the $1.5 billion India has already ber and former Indian minister of state there already amounts to $2 billion—- seen as an impoverished land of desti- tional definition of the Development spent in that war-torn mountainous for external affairs and United Nations modest from the standpoint of Afghan tute people, desperately in need of Assistance Committee. Rather, an alter- country to help build highways, hospi- under-secretary general, wrote recently: needs, but large for a non-traditional international handouts. native definition can be considered: tals and electricity networks. India is “The India-Africa summit in Addis donor—-and is set to rise further. With the liberalisation of the Indian spending that furthers India’s standing now the fifth largest donor to Ababa drew attention to a largely over- India’s efforts in Afghanistan have economy in 1991, the country embarked as a donor. “ Afghanistan (with commitments of over looked phenomenon: India’s emergence focused on humanitarian infrastruc- upon a period of dizzying growth, aver- Chanana further wrote: “There are $2 billion since 2001), and is increasing- as a source, rather than a recipient, of ture, social projects, and development of aging nearly 8 per cent per year since three parts to that spending, namely ly seeking out new recipients. foreign aid.” skills and capacity. Disabled soldier Emergency passed Nurses in short protest today at Trinco The state of Emergency was among six arrested extended for one more month in Parliament yesterday. The motion for treasure hunting against recruitment of under qualified moved by Prime Minister D.M. Jayaratne received 110 votes in An interdicted health department driv- BY DILANTHI JAYAMANNE Kalmunai and Ampara districts last Responding to the stand taken by favour and 30 votes against. UNP, week. He warned that the GNOA the Public Service United Nurses er and a disabled Corporal of the Sri More than 800 nurses attached to TNA and DNA voted against. (SI) Lanka Light Infantry are under investiga- the Government Nursing Officers’ would carry out protests in the south- Union to support the Health Ministry tion over their involvement with a gang Association will stage a one-hour ern parts of the country if the Health on this issue, an annoyed Ratnapriya looking for artifacts at Radella, protest near the Trincomalee General Ministry did not solve the issue by said that neither the chief of the Kinnaragala in the Lahugala forest Hospital today (10) against recruit- stopping those recruitments which PSUNU nor some of the persons Ranil ...From page 1 reserve. ment of nurses with lower qualifica- demean the nursing profession. The responsible for issuing statements to at the near three hour meeting, The STF said that following initial tions, GNOA President, Saman GNOA has already petitioned the the press were in the nursing profes- with the exception of National questioning all suspects were handed over Ratnapriya said yesterday. Public Service Commission in this sion. So they could not care one way Organiser Ravi Karunanyake, to Pottuvil police. The protest, scheduled to com- regard. The interviews for the new or the other. Ranjith Madduma Bandara, Ranjith Of the six suspects, four are from the mence at 12 noon, is against the recruits had been halted half way on The PSUNU is of the opinion that South and the rest residents of Pottuvil. Health Ministry recruiting GCE a request made by the GNOA follow- that the acute shortage of nurses in Aluvihare, Chandrani Bandara and Advanced level students with arts and ing discussions with the Health secre- the North and East was one of the Ranjan Ramanayake. commerce qualifications for hospitals tary. foremost reasons for the Ministry to Premadasa, while thanking in the North and East. Hitherto nurs- Ratnapriya said the decision invite arts and commerce students to Wickremesinghe for supporting his es of the North and East as well as in taken by the Ministry violated the the nursing profession. A spokesman father the late Loans taken the rest of the country have been chapters 7, 2 and 4 of the Nursing for the Union said that majority of President Ranasinghe recruited according to their GCE Minute. The Nursing Minute specifies nurses from the South were reluctant Premadasa, said that from LDB Advance level results in the science that the ‘Z,’ score of those who quali- to serve in North and East owing to he has no personal stream.
Recommended publications
  • Announcement I Wish to Bring to the Notice of the House the Correct
    Announcement I wish to bring to the notice of the House the correct position in respect of the letter that was sent by the Secretary General of Parliament informing the Chairman of the Election Commission that a vacancy has occurred in the membership of the Ninth Parliament due to the fact that the Hon. Ranjan Ramanayake Member of Parliament for the Electoral District of Gampaha has ceased to be a Member of Parliament in terms of Article 66(d) of the Constitution of the Democratic Socialist Republic of Sri Lanka. The Hon. Ranjan Ramanayake was convicted by the Supreme Court on 12th January 2021 for the offence of contempt of court punishable under Article 105 (3) of the Constitution and was sentenced to a term of 4 years rigorous imprisonment. The conviction by the Supreme Court attracted the provisions of the Article 66 (d) of the Constitution which reads that “ The seat of a Member shall become vacant if he becomes subject to any disqualification specified in Article 89 or 91. The Article 89 (d) of the Constitution goes on to say that “ No person shall be qualified to be an elector at an election of the President, or of the Members of Parliament or to vote at any Referendum if he is subject to any of the following disqualifications, namely, if he is serving or has during the period of seven years immediately preceding completed serving of a sentence of imprisonment ( 1 by what ever name called ) for a term not less than six months imposed after conviction by any court for an offence punishable with imprisonment for a term not less than two years or is under sentence of death or is serving or has during the period of seven years immediately preceding completed the serving of a sentence of imprisonment for a term not less than six months awarded in lieu of execution of such sentence ; Provided that if any person disqualified under this paragraph is granted a free pardon such disqualification shall cease from the date on which the pardon is granted.
    [Show full text]
  • Minutes of Parliament Present
    (Ninth Parliament - First Session) No. 62.] MINUTES OF PARLIAMENT Thursday, March 25, 2021 at 10.00 a.m. PRESENT : Hon. Mahinda Yapa Abeywardana, Speaker Hon. Angajan Ramanathan, Deputy Chairperson of Committees Hon. Mahinda Amaraweera, Minister of Environment Hon. Dullas Alahapperuma, Minister of Power Hon. Mahindananda Aluthgamage, Minister of Agriculture Hon. Udaya Gammanpila, Minister of Energy Hon. Dinesh Gunawardena, Minister of Foreign and Leader of the House of Parliament Hon. (Dr.) Bandula Gunawardana, Minister of Trade Hon. Janaka Bandara Thennakoon, Minister of Public Services, Provincial Councils & Local Government Hon. Nimal Siripala de Silva, Minister of Labour Hon. Vasudeva Nanayakkara, Minister of Water Supply Hon. (Dr.) Ramesh Pathirana, Minister of Plantation Hon. Johnston Fernando, Minister of Highways and Chief Government Whip Hon. Prasanna Ranatunga, Minister of Tourism Hon. C. B. Rathnayake, Minister of Wildlife & Forest Conservation Hon. Chamal Rajapaksa, Minister of Irrigation and State Minister of National Security & Disaster Management and State Minister of Home Affairs Hon. Gamini Lokuge, Minister of Transport Hon. Wimal Weerawansa, Minister of Industries Hon. (Dr.) Sarath Weerasekera, Minister of Public Security Hon. M .U. M. Ali Sabry, Minister of Justice Hon. (Dr.) (Mrs.) Seetha Arambepola, State Minister of Skills Development, Vocational Education, Research and Innovation Hon. Lasantha Alagiyawanna, State Minister of Co-operative Services, Marketing Development and Consumer Protection ( 2 ) M. No. 62 Hon. Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms Hon. (Dr.) Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness Hon. D. V. Chanaka, State Minister of Aviation and Export Zones Development Hon. Sisira Jayakody, State Minister of Indigenous Medicine Promotion, Rural and Ayurvedic Hospitals Development and Community Health Hon.
    [Show full text]
  • Sri Lanka's Potemkin Peace: Democracy Under Fire
    Sri Lanka’s Potemkin Peace: Democracy Under Fire Asia Report N°253 | 13 November 2013 International Crisis Group Headquarters Avenue Louise 149 1050 Brussels, Belgium Tel: +32 2 502 90 38 Fax: +32 2 502 50 38 [email protected] Table of Contents Executive Summary ................................................................................................................... i Recommendations..................................................................................................................... iii I. Introduction ..................................................................................................................... 1 II. Northern Province Elections and the Future of Devolution ............................................ 2 A. Implementing the Thirteenth Amendment? ............................................................. 3 B. Northern Militarisation and Pre-Election Violations ................................................ 4 C. The Challenges of Victory .......................................................................................... 6 1. Internal TNA discontent ...................................................................................... 6 2. Sinhalese fears and charges of separatism ........................................................... 8 3. The TNA’s Tamil nationalist critics ...................................................................... 9 D. The Legal and Constitutional Battleground .............................................................. 12 E. A Short-
    [Show full text]
  • Minutes of Parliament Present
    (Eighth Parliament - First Session) No. 70. ] MINUTES OF PARLIAMENT Wednesday, May 18, 2016 at 1.00 p.m. PRESENT : Hon. Karu Jayasuriya, Speaker Hon. Thilanga Sumathipala, Deputy Speaker and Chairman of Committees Hon. Selvam Adaikkalanathan, Deputy Chairman of Committees Hon. Ranil Wickremesinghe, Prime Minister and Minister of National Policies and Economic Affairs Hon. Wajira Abeywardana, Minister of Home Affairs Hon. (Dr.) Sarath Amunugama, Minister of Special Assignment Hon. Gayantha Karunatileka, Minister of Parliamentary Reforms and Mass Media and the Chief Government Whip Hon. Ravi Karunanayake, Minister of Finance Hon. Akila Viraj Kariyawasam, Minister of Education Hon. Lakshman Kiriella, Minister of Higher Education and Highways and the Leader of the House of Parliament Hon. Daya Gamage, Minister of Primary Industries Hon. Dayasiri Jayasekara, Minister of Sports Hon. Nimal Siripala de Silva, Minister of Transport and Civil Aviation Hon. Navin Dissanayake, Minister of Plantation Industries Hon. S. B. Dissanayake, Minister of Social Empowerment and Welfare Hon. S. B. Nawinne, Minister of Internal Affairs, Wayamba Development and Cultural Affairs Hon. Harin Fernando, Minister of Telecommunication and Digital Infrastructure Hon. A. D. Susil Premajayantha, Minister of Science, Technology and Research Hon. Sajith Premadasa, Minister of Housing and Construction Hon. R. M. Ranjith Madduma Bandara, Minister of Public Administration and Management Hon. Anura Priyadharshana Yapa, Minister of Disaster Management ( 2 ) M. No. 70 Hon. Sagala Ratnayaka, Minister of Law and Order and Southern Development Hon. Arjuna Ranatunga, Minister of Ports and Shipping Hon. Patali Champika Ranawaka, Minister of Megapolis and Western Development Hon. Chandima Weerakkody, Minister of Petroleum Resources Development Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade Hon.
    [Show full text]
  • Reforming Sri Lankan Presidentialism: Provenance, Problems and Prospects Volume 2
    Reforming Sri Lankan Presidentialism: Provenance, Problems and Prospects Edited by Asanga Welikala Volume 2 18 Failure of Quasi-Gaullist Presidentialism in Sri Lanka Suri Ratnapala Constitutional Choices Sri Lanka’s Constitution combines a presidential system selectively borrowed from the Gaullist Constitution of France with a system of proportional representation in Parliament. The scheme of proportional representation replaced the ‘first past the post’ elections of the independence constitution and of the first republican constitution of 1972. It is strongly favoured by minority parties and several minor parties that owe their very existence to proportional representation. The elective executive presidency, at least initially, enjoyed substantial minority support as the president is directly elected by a national electorate, making it hard for a candidate to win without minority support. (Sri Lanka’s ethnic minorities constitute about 25 per cent of the population.) However, there is a growing national consensus that the quasi-Gaullist experiment has failed. All major political parties have called for its replacement while in opposition although in government, they are invariably seduced to silence by the fruits of office. Assuming that there is political will and ability to change the system, what alternative model should the nation embrace? Constitutions of nations in the modern era tend fall into four categories. 1.! Various forms of authoritarian government. These include absolute monarchies (emirates and sultanates of the Islamic world), personal dictatorships, oligarchies, theocracies (Iran) and single party rule (remaining real or nominal communist states). 2.! Parliamentary government based on the Westminster system with a largely ceremonial constitutional monarch or president. Most Western European countries, India, Japan, Israel and many former British colonies have this model with local variations.
    [Show full text]
  • C.A WRIT 380/2017. Kotagala Plantations PLC Vs. H.A. Kamal
    IN THE COURT OF APPEAL OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA In the matter of an Application for a Mandate in the nature of a Writ of Certiorari under and in terms of Article 140 of the Constitution of the Democratic Socialist Republic of Sri Lanka. CA (Writ) Application No: 380/2017 Kotagala Plantations PLC, 53 1/1, Sir Baron Jayatilleke Mawatha, Colombo 1. PETITIONER Vs. 1. H.A. Kamal Pushpakumara, Divisional Secretary, Divisional Secretariat Office, Horana. 2. Ranjith Madduma Bandara, Hon. Minister of Public Administration. 2A. Janaka Bandara Thennakoon, Hon. Minister of Public Administration. 2nd and 2A Respondents at Ministry of Public Administration, Independence Square, Colombo 7. 3. Gayantha Karunathilake, Hon. Minister of Lands and Parliamentary Reforms. 3A. S.M. Chandrasena, Hon. Minister of Lands. 3rd and 3A Respondents at “Mihikatha Madura”, 1 No. 1200/6, Rajamalwatta Road, Sri Jayawardenepura, Kotte. 4. Sagala Rathnayake, Hon. Minister of Law and Order. 4A. Hon Maithripala Sirisena, Hon. Minister of Law and Order. 4B. Hon. Gotabhaya Rajapaksa, Hon. Minister of Law and Order. 4th, 4A and 4B Respondents at 14th Floor, “Suhurupaya”, Subhuthipura Raod, Battaramulla. 5. Naveen Dissanayake, Hon. Minister of Plantation Industries, 13240, Sri Jayawardenapura Kotte. 5A. Hon. Ramesh Pathirana, Minister of Plantation Industries and Export Agriculture, Sethsiripaya, 2nd Stage, Battaramulla. 6. Sri Lanka State Plantations Corporation, No. 11, Duke Street, Colombo 1. 7. Pujitha Jayasundera, Inspector General of Police (IGP), Police Headquarters, Colombo 1. 8. Hon. Attorney General, Attorney General’s Department. Colombo 12. RESPONDENTS 2 Before: Arjuna Obeyesekere, J / President of the Court of Appeal Counsel: Mahinda Nanayakkara with Nirosh Bandara and Wasantha Widanage for the Petitioner Ms.
    [Show full text]
  • Minutes of Parliament for 11.09.2020
    (Ninth Parliament - First Session) No. 8.] MINUTES OF PARLIAMENT Friday, September 11, 2020 at 10.30 a.m. PRESENT : Hon. Mahinda Yapa Abeywardana, Speaker Hon. Ranjith Siyambalapitiya, Deputy Speaker and the Chair of Committees Hon. Angajan Ramanathan, Deputy Chairperson of Committees Hon. Mahinda Rajapaksa, Prime Minister and Minister of Finance, Minister of Buddhasasana, Religious & Cultural Affairs and Minister of Urban Development & Housing Hon. Mahinda Amaraweera, Minister of Environment Hon. Udaya Gammanpila, Minister of Energy Hon. Dinesh Gunawardena, Minister of Foreign and Leader of the House of Parliament Hon. (Dr.) Bandula Gunawardana, Minister of Trade Hon. S. M. Chandrasena, Minister of Lands Hon. Janaka Bandara Thennakoon, Minister of Public Services, Provincial Councils & Local Government Hon. Nimal Siripala de Silva, Minister of Labour Hon. Douglas Devananda, Minister of Fisheries Hon. (Dr.) Ramesh Pathirana, Minister of Plantation Hon. Johnston Fernando, Minister of Highways and Chief Government Whip Hon. Prasanna Ranatunga, Minister of Tourism Hon. C. B. Rathnayake, Minister of Wildlife & Forest Conservation Hon. Chamal Rajapaksa, Minister of Irrigation and State Minister of Internal Security, Home Affairs and Disaster Management Hon. (Mrs.) Pavithradevi Wanniarachchi, Minister of Health Hon. M .U. M. Ali Sabry, Minister of Justice Hon. (Dr.) (Mrs.) Seetha Arambepola, State Minister of Skills Development, Vocational Education, Research and Innovation Hon. Lasantha Alagiyawanna, State Minister of Co-operative Services, Marketing Development and Consumer Protection ( 2 ) M. No. 8 Hon. Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms Hon. (Dr.) Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness Hon. D. V. Chanaka, State Minister of Aviation and Export Zones Development Hon.
    [Show full text]
  • For University Admissions
    209 වන කාණ්ඩය - 11 වන කලාපය 2012 ජූලි 06 වන සිකුරාදා ெதாகுதி 209 - இல. 11 2012 ைல 06, ெவள்ளிக்கிழைம Volume 209 - No. 11 Friday, 06th July, 2012 පාලෙනත වාද (හැනසා) பாராமன்ற விவாதங்கள் (ஹன்சாட்) PARLIAMENTARY DEBATES (HANSARD) ල වාතාව அதிகார அறிக்ைக OFFICIAL REPORT (අෙශෝධිත පිටපත /பிைழ தித்தப்படாத /Uncorrected) අන්තර්ගත පධාන කරුණු විගණකාධිපතිවරයාෙග් වාර්තාව පශනවලට් වාචික පිළිතුරු ෙපෞද්ගලිකව දැනුම් දීෙමන් ඇසූ පශනය් : අවලංගු නීතියක් යටෙත් පුද්ගලයන් අත් අඩංගුවට ගැනීම වවුනියාව බන්ධනාගාර සිද්ධිය සම්බන්ධ ස්වාධීන පරීක්ෂණයක් ෙශෝක පකාශය: ගරු ඒ.එම්.ඩී. රාජන් මහතා වරපසාද : 2012 ජුනි 30 දින "රිවිර" පුවත් පෙත් සිරස් තලය කල් තැබීෙම් ෙයෝජනාව : විශ්වවිදාල පෙව්ශය සඳහා සාධාරණ සහ විනිවිදභාවෙයන් යුතු කාර්ය පටිපාටියක් பிரதான உள்ளடக்கம் கணக்காய்வாளர் அதிபதியின அறிக்ைக வினாக்கக்கு வாய்ல விைடகள் தனி அறிவித்தல் ல வினா: நீக்கப்பட்ட சட்டத்தின்கீழ் ஆட்கைளக் ைகெசய்தல் வனியா சிைறச்சாைல நிகழ் பற்றிய சுயாதீன விசாரைண அதாபத் தீர்மானம் : மாண்மிகு ஏ.எம்.. ராஜன் சிறப்ாிைம : 2012 ன் 30ஆம் திகதிய 'ாிவிர' பத்திாிைகயின் தைலப்ச் ெசய்தி ஒத்திைவப்ப் பிேரரைண: பல்கைலக்கழக மாணவர் அமதியில் ேநர்ைமயான, ஒளிமைறவற்ற நைடைற PRINCIPAL CONTENTS AUDITOR-GENERAL'S REPORT ORAL ANSWERS TO QUESTIONS QUESTION BY PRIVATE NOTICE: Arrest of Persons Under Repealed Law Independent Investigation into Vavuniya Prison Incident VOTE OF CONDOLENCE: Hon.
    [Show full text]
  • 09Th May 2010 FCCISL News Alert Weekly Business Highlight 03Rd – 09Th May 2010
    03rd – 09th May 2010 FCCISL News Alert Weekly Business Highlight 03rd – 09th May 2010 Content Page 1. DEVELOPMENT ECONOMICS 1.1 Oil price surge to trigger bond activity in Gulf 05 1.2 SL’s economy must be run just like the elections… 07 1.3 US economy expands as consumers boost spending 11 1.4 Chinese firms eye bigger slice of US assets pie 13 1.5 Waste can be used as a resource 15 1.6 Central Bank says govt should contain budget deficits 18 1.7 Nuclear Power: Is it the 'Energy Miracle' in the post fossil fuel era? 20 1.8 Nutrition Status of Sri Lankans: Solving existing issues 22 1.9 Lanka Hospitals offers new hope for children with congenital heart diseases 25 1.10 Nationalism, Good Governance and Ethics 27 1.11 High growth expected 29 1.12 Lanka needs an 'IPL' for the economy 31 1.13 Govt committed to containing budget deficits, 35 1.14 Asia-Pacific must up social spending to turn rebound into recovery 37 1.15 PIGS: the Achilles heel of the EU 38 1.16 CB has key role in economic development – Basil 41 1.17 Social discipline needed for economic development 42 1.18 A Bankrupt Greece: The Tragedy of Profligacy 45 2. INVESTMENT 2.1 Oil palm investments by RPCs showing high returns 49 2.2 Tips for successful long-term investing 51 3. MANAGEMENT 3.1 Organizational reforms and restructuring 54 3.2 Firing - How to let go.... 56 3.3 Energy Management Where are we? 59 3.4 Logiwiz receives ISO 9001:2008 for Quality Management Systems 63 4.
    [Show full text]
  • News Round Up
    NEWS ROUND UP Wednesday, November 07, 2018 Contents New hotel proposals almost double in Sri Lanka .......................................................................................... 2 Sri Lanka president suffers first major setback in ‘coup ............................................................................... 2 Global stocks mixed as investors await pivotal US election ......................................................................... 3 Sri Lanka's AIA, Sampath Bank partnership for insurance premium payments ........................................... 5 SriLankan Airlines traffic falls as newcomer steals market share ................................................................. 5 National Savings Bank achieves milestone in international funding of $ 100 m .......................................... 7 Fixed broadband in Sri Lanka cheapest in Asia, second globally: International survey ............................... 7 Rajapaksa says bond with Sirisena strong .................................................................................................... 9 Taprobane Securities (Pvt) Ltd – Research + 94 11 5328200 [email protected] New hotel proposals almost double in Sri Lanka Sri Lanka’s growing tourism industry has attracted a lot of investments during the first eight months of 2018, with new hotel proposals almost doubling, a report released by the Central Bank said. Out of the 29 hotel projects that were granted approval in the first eight months, 24 have already started, the report said. The projects
    [Show full text]
  • Minutes of Parliament Present
    (Eighth Parliament - First Session) No. 134. ] MINUTES OF PARLIAMENT Tuesday, December 06, 2016 at 9.30 a. m. PRESENT : Hon. Karu Jayasuriya, Speaker Hon. Thilanga Sumathipala, Deputy Speaker and Chairman of Committees Hon. Ranil Wickremesinghe, Prime Minister and Minister of National Policies and Economic Affairs Hon. (Mrs.) Thalatha Atukorale, Minister of Foreign Employment Hon. Wajira Abeywardana, Minister of Home Affairs Hon. John Amaratunga, Minister of Tourism Development and Christian Religious Affairs and Minister of Lands Hon. Mahinda Amaraweera, Minister of Fisheries and Aquatic Resources Development Hon. (Dr.) Sarath Amunugama, Minister of Special Assignment Hon. Gayantha Karunatileka, Minister of Parliamentary Reforms and Mass Media and Chief Government Whip Hon. Ravi Karunanayake, Minister of Finance Hon. Akila Viraj Kariyawasam, Minister of Education Hon. Lakshman Kiriella, Minister of Higher Education and Highways and Leader of the House of Parliament Hon. Mano Ganesan, Minister of National Co-existence, Dialogue and Official Languages Hon. Daya Gamage, Minister of Primary Industries Hon. Dayasiri Jayasekara, Minister of Sports Hon. Nimal Siripala de Silva, Minister of Transport and Civil Aviation Hon. Palany Thigambaram, Minister of Hill Country New Villages, Infrastructure and Community Development Hon. Duminda Dissanayake, Minister of Agriculture Hon. Navin Dissanayake, Minister of Plantation Industries Hon. S. B. Dissanayake, Minister of Social Empowerment and Welfare ( 2 ) M. No. 134 Hon. S. B. Nawinne, Minister of Internal Affairs, Wayamba Development and Cultural Affairs Hon. Gamini Jayawickrama Perera, Minister of Sustainable Development and Wildlife Hon. Harin Fernando, Minister of Telecommunication and Digital Infrastructure Hon. A. D. Susil Premajayantha, Minister of Science, Technology and Research Hon. Sajith Premadasa, Minister of Housing and Construction Hon.
    [Show full text]
  • News from Sri Lanka
    NEWS FROM www.adb.org/slrm Sri Lanka [email protected] ADB A Newsletter of the Sri Lanka Resident Mission of the July 2011 Asian Development Bank Message from New Country Director t is a privilege to write to you as the ADB I was Vice President, Risk new Country Director of the Sri Management with National Securities I Lanka Resident Mission. I would Clearing Corporation in New York and like to take this opportunity to prior to that, Manager and General introduce myself and also say a few Counsel at the Securities Exchanges words about ADB’s continuing support Guarantee Corporation Ltd - a to Sri Lanka. subsidiary of the Australian Stock As Country Director I will Exchange. I have also held positions oversee ADB’s public and private with the Australian Federal Attorney- sector operations in Sri Lanka. A General’s Office; the Papua New lawyer by profession with economic Guinea’s (PNG) State Solicitor’s qualifications, I have been working at Office; and in Australian and PNG law RITA O'SULLIVAN SLRM's new Country ADB for over 14 years, firstly as a firms. Director capital markets expert and later as legal As I transit fully to my new counsel, specializing in financial role, I take this opportunity to say that ensure that it is closely aligned with the sector development. For the last 10 ADB will continue to enhance its Government’s Development Policy years, I have also been responsible for longstanding development partnership Framework and ADB’s Strategy 2020. coordinating ADB’s anti-money with Sri Lanka as reflected in ADB’s I look forward to meeting the laundering/combating financing of country partnership strategy involving challenges to ensure positive and terrorism (AML/CFT) and related substantial levels of assistance in substantial developments during my trade security operations across the selected sectors.
    [Show full text]