Agreement signed for upgrading 70 child development centres in estate sector

Published : 4:52 am  July 26, 2014  |  Category: News  |  Leave a Comment  |  235 views  |  
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The Government of India will be upgrading 70 Child Development Centres (crèches) in the Estate Sector. Following the conclusion of the tendering process, the ‘Contract Agreement’ was signed with M/s. R.A. Constructions and M/s. Sarvo-Tech Ltd on 22 July 2014 in the presence of High Commissioner of India Y.K.Sinha, Ministry of Livestock and Rural Community Development of Sri Lanka Additional Secretary Pathmasiri, Plantation Human Development Trust (PHDT) Chairman K. Marimuthu, PHDT Director General R.M.B. Ellegala and other officials of the Government of Sri Lanka and the High Commission of India. The project is to be implemented at a cost of SLR 58 million and will be taken up in seven... 


Rural bridges to help six million people

Published : 4:48 am  July 26, 2014  |  Category: News  |  1 Comment  |  247 views  |  
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The first phase of building 210 bridges under a program to construct 1,210 rural bridges island-wide is now almost nearing the target. Already work on 100 of these has been fully completed under Economic Development Minister Basil Rajapaksa’s direction. These bridges will reduce the gap between towns and villages thus opening the doors for rapid rural development in accordance with the ‘Mahinda Chinthana’ Vision.  The bridges will benefit over six million people in 15,000 villages of 100 Secretarial Divisions. Seventy-five percent of Sri Lanka’s population lives villages where these bridges will help to greatly improve the rural economy and the quality of life of the rural folk, according... 


Lawyers Collective raps Department of External Resources over notice on NGOs

Published : 4:47 am  July 26, 2014  |  Category: News  |  Leave a Comment  |  227 views  |  

Lawyers Collective has found fault with Department of External Resources’ public notice on NGO activities as misleading. Following is the full statement issued by the Lawyers Collective: Adding to a series of unconstitutional restrictions placed on the legitimate activities of the Non Governmental Organisations, the Director General of the Department of External Resources (DGDER) has now published a notice, ‘advising’ the public on the legitimate activities of the NGOs. Having examined carefully the contents of the notice, we state that the notice is misleading and needs to be clarified. Lawyers Collective wishes to place the following facts and legal positions before the general public... 


Moragoda International Law Trust donates law book to KDU

Published : 4:46 am  July 26, 2014  |  Category: News  |  Leave a Comment  |  250 views  |  
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A presentation to the General Sir John Kotelawela Defense University of 26 cartons of valuable books, on numerous aspects of International Law was made by Milinda Moragoda, on behalf of his father Dr. Moragodage Christopher Walter Pinto recently. These books constituted a part of his extensive personal library. Earlier, he had gifted a part to the Faculty of Law, University of Colombo. Representing the Trust member of the Advisory Committee Milinda Moragoda handed over the book to the Vice Chancellor Major General Milinda Peiris at the function held at Senate Hall with the participation of Directors, Administrative Heads and Academic Staff Members of the Faculty of Law. Dr. Pinto has set up a... 


Large numbers from Galagedara join Nil Balakaya

Published : 4:45 am  July 26, 2014  |  Category: News  |  Leave a Comment  |  155 views  |  
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Recruitment of new members to Nil Balakaya under the program of restructuring the Sri Lanka Freedom party youth organisation took place at Galagedara Electorate in the Kandy district with the participaton of Hambantota District MP Namal Rajapaksa, Chairman of Nil Balakaya. This meeting was organised by MP Dilum Amunugama, Chairman of Nil Balakaya for Kandy District and Nil Balaka organiser for Central Province. Around 5,000 youths took part in this event. The Nil Balaka meetings were held in Walivita, Aludeniya, Uduwa, Galagedara, Girihagama and Hatharaliyadda. A large gathering participated in this meeting. Here MP Namal Rajapaksa, MP Dilum Amunugama participating in the meeting held in Hatharaliyadda.  Read More →


Australia to transfer Lankan asylum seekers from boat to detention centre in mainland

Published : 4:37 am  July 26, 2014  |  Category: News  |  Leave a Comment  |  66 views  |  

Australian authorities will transfer 157 Sri Lankan asylum seekers detained in an Australian Customs ship to a detention centre in Western Australia, ABC news reported. The ABC has learnt that the 157 men, women and children are being transferred to the Cocos Islands, and from there will be flown to the Curtin detention centre in remote Western Australia. The Immigration Minister Scott Morrison has confirmed that the Sri Lankan asylum seekers will be brought to the mainland. He has said it is Government’s intention to return the asylum seekers to India where they came from. The Sri Lankan asylum seekers, who set sail from Pondicherry, India last month to seek asylum in Australia were held on... 


UK court finds suspect guilty of murdering Sri Lankan pizza delivery worker

Published : 4:37 am  July 26, 2014  |  Category: News  |  Leave a Comment  |  60 views  |  

A British court in Sheffield found a suspect guilty of murdering a Sri Lankan pizza delivery worker, who was on his last shift delivering pizza on his last day as a delivery worker before embarking on an IT career. A jury at Sheffield Crown’s Court convicted Shamraze Khan, 26, for the murder of Thavisha Lakindu Peiris, 25 today. The panel, who gave their verdict with a 10-2 majority, had been deliberating for more than two days. Khan will possibly face life imprisonment for the murder, the judge said. An accomplice of Khan, 18-year-old Kasim Ahmed, of Main Road, Darnall, had pleaded guilty on 7 July. Both men will be sentenced on Thursday. Peiris, who was working as a Domino’s Pizza delivery... 


IMF cuts global growth outlook, warns of stagnation risk in rich nations

Published : 4:04 am  July 26, 2014  |  Category: Front Page  |  Leave a Comment  |  37 views  |  

Reuters: The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world’s two biggest economies. The IMF warned that only some of the factors leading to the reduction were temporary, and richer nations in particular faced the risk of economic stagnation unless they took steps to foster sustainable growth. In an update to its World Economic Outlook report, the IMF said the global economy should expand 3.4% this year, 0.3 percentage points below what it predicted in April. Growth should still speed up to 4% next year, it said, unchanged from what it predicted earlier this... 


Stocks end little changed

Published : 4:02 am  July 26, 2014  |  Category: Front Page  |  Leave a Comment  |  48 views  |  

Reuters: Stocks ended little changed on Friday amid expectation of strong corporate earnings after market heavyweight John Keells Holdings’ upbeat results. The main stock index ended 0.03%, or 2.24 points, higher at 6,783.64, gaining 6.35% so far this month. On Tuesday, the index marked its highest close since 20 September 2011. “The market is still not steady as some shares are overheated. But corporate earnings are expected to show improvements and we expect more local investors to come back to the Bourse,” said a stock broker asking not to be named. The index has been in the overbought region since 3 July, having risen 14.73% so far this year as local investors moved funds from fixed... 


Regulate right says RBI’s Rajan

Published : 12:00 am  July 26, 2014  |  Category: Front Page, TOP STORY  |  Leave a Comment  |  377 views  |  
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Financial sector should be cautious in placing all its faith in capital regulation says India’s Central Bank Chief Says best to have uniform regulation across the system rather than pushing from one side Points out overemphasising of capital regulation is a concern Says emerging countries must ask themselves if relevant to follow capital regulation agenda of industrialised countries By Shabiya Ali Ahlam With capital regulation having captured the interest of many in recent years following the financial crisis, the Indian Central Bank Chief advised the sector to be cautious about placing all its faith in that area alone as it could be offering low risk to the wrong asset type. “There are... 


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