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Roving Periscope: Troops crackdown on protesters; Gunawardena’s new Lanka PM

July 22, 2022 virendra pandit

Virendra Pandit New Delhi: As a veteran politician, Dinesh Gunawardena took oath as the new Prime Minister in crisis-ridden Sri Lanka on Friday; heavily armed troops took positions on key buildings across the capital Colombo and cracked down on protesters camping in the city since March against the island country’s bankrupt economy. Six-time Prime […]

Business

Roving Periscope: Amid protests, Wickremesinghe takes oath as SL President

July 21, 2022 virendra pandit

Virendra Pandit New Delhi: Six-time former Prime Minister Ranil Wickremesinghe was on Thursday sworn-in as Sri Lanka’s 8th Executive President, until November 2024, amid protests against his unprecedented “election” not by the people but by Parliament. The protesters opposed his presidency as a proxy of his predecessor, the ousted and fugitive Gotabaya Rajapaksa, whose […]

Business

Roving Periscope: Presidential poll on Wednesday; Sri Lanka on edge, India worried

July 19, 2022 virendra pandit

Virendra Pandit New Delhi: A day before Sri Lanka’s mid-term presidential election scheduled for Wednesday amid political stalemate, main opposition leader Sajith Premadasa withdrew from the race on Tuesday in favor of a ruling party dissident, Dullas Alahapperuma, as India braced for uncertainty in its neighborhood. A worried New Delhi has called for an […]

Business

Roving Periscope: India assures Sri Lanka to continue supporting democracy, stability

July 16, 2022 virendra pandit

Virendra Pandit New Delhi: India’s High Commissioner to Sri Lanka, Gopal Baglay, on Saturday assured Parliament Speaker Mahinda Yapa Abeywardena that New Delhi will continue to support Colombo in democracy, stability, and economic recovery in the country, which is at a crucial juncture, amid the unprecedented political crisis and economic turmoil. Baglay called on […]

Business

Roving Periscope: Gotabaya resigns; Ranil sworn in as Acting President

July 15, 2022 virendra pandit

Virendra Pandit New Delhi: Prime Minister Ranil Wickremesinghe was on Friday sworn in as Acting President of crisis-ridden Sri Lanka after the fugitive incumbent, Gotabaya Rajapaksa, submitted his resignation from Singapore to Parliament Speaker Mahinda Yapa Abeywardena, the media reported. The Speaker told party leaders that Parliament will meet on July 20 to elect […]

Business

Integrated food parks: The UAE to invest $2 billion in India

July 14, 2022 virendra pandit

Virendra Pandit New Delhi: The United Arab Emirates (UAE) on Thursday announced the investment of USD 2 billion (Rs. 16,000 crores) to develop a series of integrated food parks across India as part of efforts by the four-nation grouping I2U2 (India-Israel-UAE-USA) to help tackle food insecurity in South Asia and the Middle East. […]

English

Restrictions Imposed on Export of Wheat Flour

July 7, 2022 Editor In Chief

NEW DELHI, July 7: The centre on Thursday imposed restrictions on outbound shipments of wheat flour or atta, maida and semolina, a move aimed at containing price rise. Exporters of these commodities would now need approval of the inter-ministerial committee on export of wheat for the shipments from July 12. The move banning export of […]

Business

Sri Lanka: Economy has collapsed, PM Wickremesinghe admits in Parliament

June 22, 2022 virendra pandit

Virendra Pandit New Delhi: Acknowledging the grim situation in Sri Lanka, Prime Minister Ranil Wickremesinghe on Wednesday said in Parliament that the debt-ridden economy in the island country has completely collapsed. After months of shortages of food, fuel, and electricity, Sri Lanka cannot even import oil because of a lack of foreign exchange. “We […]

Business

Trade: After 9 years, WTO seals deals; India gains, says Piyush Goyal

June 17, 2022 virendra pandit

Virendra Pandit New Delhi: Union Commerce and Industry Minister Piyush Goyal said on Friday that New Delhi has achieved “spectacular success” at World Trade Organization (WTO)’s biennial ministerial conference (MC12) by successfully ensuring the livelihood of farmers and fishermen, and also convinced other countries to waive patents for manufacturing Covid-19 vaccines. The minister, who […]

Business

Roving Periscope: With no fuel for transport, Sri Lankan economy coming to a grinding halt

June 17, 2022 virendra pandit

Virendra Pandit New Delhi: The economy of cash-strapped Sri Lanka, which defaulted on its external debt in April amid its worst financial crisis, is now coming to a grinding halt as the island country is running out of fuel for transport and there is no sign of how and from where fresh supplies would […]