MIG-27 crashes near Chilaw

Govt considers phased withdrawal of Army from Kashmir hinterland

Three-and-a-half years after the Union government revoked the special status granted to Jammu and Kashmir amid deployment of large additional troops, it is discussing a proposal to withdraw the Indian Army completely from the Valley hinterland. If approved, the Army will have presence only on the Line of Control (LoC). Officials in the security establishment said the proposal to withdraw the Army from Kashmir hinterland has been under discussion for about two years and is at an ?advanced stage?

27 Feb, 2023

IFC to provide $400 million to banks in Sri Lanka

The International Finance Corporation (IFC) is to provide $400 million to three of Sri Lanka?s leading national banks to help facilitate imports of essential goods. IFC said it will support the private sector with critical financing, contributing to the country?s urgent need to stabilize the economy. Sri Lanka has been facing its worst economic crisis in decades. The country?s output is estimated to have fallen by 9.2 percent in 2022 and drop a further 4.2 percent in 2023. To support the coun

27 Feb, 2023

Mayantha decides to resign as Chairman of Committee on Public Finance

Samagi Jana Balawegaya (SJB) MP Mayantha Dissanayake has decided to resign as the Chairperson of the Committee on Public Finance. Dissanayake said that he will be submitting his resignation letter to Speaker Mahinda Yapa Abeywardena. He was appointed to the post last week despite the SJB wanting the post to be given to Dr. Harsha de Silva. Dr. Harsha de Silva told Parliament that his party had wanted him to be appointed to the post. However, he said the Government MPs in the committee picked

27 Feb, 2023