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US State Dept flags Sri Lanka’s difficult investment climate, cites policy inconsistency

Colombo, Sep 30 : Sri Lanka’s foreign investment policy is inconsistent and is marred by unnecessary regulations, legal uncertainty and poor bureaucratic responsiveness, the US Department of State said, citing Adani group’s pullout of a USD 400 million renewable energy project in the island nation. In its 2025 Investment Climate Statements, the department said Sri […]

Roving Periscope: Trump’s visa curbs may push companies’ key work to India

  Virendra Pandit   New Delhi: US President Donald Trump’s H-1B visa crackdown may hasten American firms’ shift of critical work to India, spurring the growth of Global Capability Centres (GCCs), which handle critical operations from finance to research and development, the media reported on Tuesday. Current trends like growing adoption of artificial intelligence (AI) […]

Weather: Amid fresh rains, IMD says monsoon season “ends” with 8% higher rainfall!

Virendra Pandit   New Delhi: Even as some states continue to receive rains, the India Meteorological Department (IMD) said the four-month monsoon season came to “an end” on Tuesday with the country recording eight percent more than normal rainfall. IMD’s Director-General Mrutyunjay Mohapatra said India saw a “very successful” monsoon season, although it was marked […]
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