India pledges USD 50mn to strengthen defence cooperation

India has pledged a US$ 50 million assistance to Sri Lanka to help the country purchase equipment for its security forces, when National Security Advisor of India Ajit Doval called on Sri Lankan President Gotabaya Rajapaksa on Saturday.During the meeting Doval, who arrived in Colombo on Saturday on an official visit, discussed a range of bilateral issues and exchanged views with President Rajapaksa on enhancing bilateral relations in several sectors, including strengthening cooperation in defense.

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UN Resident Coordinator delighted with Presidentsustainable development programs

Meeting President Gotabaya Rajapaksa Friday (17) at the Presidential Secretariat, United Nations Resident Coordinator Hanna Singer responded positively to his commitment to sustainable development. The discussions among other concerns included poverty alleviation, climate control, digitizing government offices, addressing missing persons and better management of refugees.&Poverty alleviation is my main concern,& said President Rajapaksa.

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Rise in dengue due to changing weather pattern

The rise in the number of dengue patients in the country, especially during the past two months of 2019 is due mainly to the previously latent serotype 3 (DENV3) becoming active and to the changing weather patterns bringing intermittent rain from August, Dr. Anura Jayasekera, Director, National Dengue Control Unit (NDCU), said.

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Asia's richest man in $13bn ruling boost

Asia's richest man has scored two major wins in his ambition to dominate the Indian telecoms market.The main competitors to Mukesh Ambani's Reliance Jio have been told they must pay the bulk of almost $13bn (£10bn) to the government in historical fees.The country's top court rejected calls from older firms, including Vodafone Idea, to review the case.Meanwhile, Reliance Jio has overtaken Vodafone Idea to become India's biggest mobile services operator.The court ruling adds yet more financial pressure on India's telecoms sector, which has already been hit hard by a bitter price war.

After three years of price cutting, led by Mr Ambani, his company now has only two major competitors - Bharti Airtel and Vodafone Idea.Vodafone Idea has been told it must pay about $3.9bn, while the ruling means Bharti Airtel is liable for $3bn. The charges relate to licence and spectrum fees that have accumulated over many years.Reliance Jio, which is less than four years old, owes just $2m.Vodafone has previously said the situation was "critical", while Bharti Airtel said an earlier court order cast doubt on "its ability to continue as a going concern".Telecoms analyst Minakshi Ghosh believes the Supreme Court ruling threatens the future of Vodafone Idea, a joint venture of Britain's Vodafone and local operator Idea Cellular.

She told the BBC: "Airtel, I think, would be under pressure, but would be able to manage. The cause of concern will be Vodafone (Idea)."Probably Vodafone will be the most affected and we will end up with a duopoly of Airtel and Jio, which is not very good for the industry."At the same time, new figures from the Telecom Regulatory Authority of India showed Reliance Jio added more than 5.6m mobile subscribers in November.That means it now has a total of almost 370m users, or more than 32% of the market.The subsidiary of Reliance Industries launched in September 2016 offering cut-price phones and data plans.Its entry into India's telecom sector triggered a major shake-up in the sector which saw most of its competitors shut down or merge.

A conglomerate run by Asia's richest man has started a service that aims to compete with Amazon in India.Mukesh Ambani's Reliance Industries said it had been inviting people to sign up to its grocery delivery service.

The company is aiming to use its massive mobile phone customer base as a springboard for the business.The new e-commerce venture could become a major challenger to India's existing online retail giants.Two subsidiaries of Mr Ambani's business empire, Reliance Retail and Reliance Jio, said they had soft-launched the venture, called JioMart.

JioMart says it offers "free and express delivery" for a list of grocery goods, which currently numbers some 50,000 items.Unlike its rivals, JioMart will connect local stores to customers via an app rather than providing and delivering the goods itself.India's online grocery market is in its infancy - currently estimated to be worth around $870m a year, with just 0.15% of the population using such services.

However, analysts predict the sector could see annual sales of around $14.5bn by 2023.Grocery delivery has long been tipped as the next frontier in the battle for business in India.A staggering number of internet and smartphone users - plus an unorganised grocery delivery sector - make it a promising market for app-based services.

Some of the world's largest and best-known technology companies, including Walmart and Amazon, are hoping to cash in too.This should be a cakewalk for Reliance - it already has hundreds of millions of subscribers to its telecoms network, and operates its own grocery stores as well as retail stores for international brands.

Plus it has the advantage of being an Indian company. Amazon and Walmart have been held back from expanding in this space by government laws aimed at protecting domestic business.There are Indian competitors operating in the market already - Big Basket and Grofers are the most well-known.But they've had to put the brakes on expanding or tweak their business models to meet the challenges of operating in India, such as poor infrastructure, unreliable mobile networks and strict labour laws.

Reliance has a reputation for disrupting markets it starts businesses in, be it power, oil, retail or telecoms. Its foray into e-commerce is unlikely to be any different.India's e-commerce market is currently dominated by Amazon and Flipkart, which is owned by Walmart.Both companies suffered a setback last year when the Indian government introduced new laws that restrict foreign-owned online retailers from selling goods from their own subsidiaries.This helped give Indian companies, which are not affected by the new rules, an edge over their foreign rivals.

Mr Ambani, who is the chairman of Reliance Industries, has an estimated fortune of more than $60bn (£45bn).The group's core business is oil refining but it also has major investments in other sectors including retail and telecoms.Reliance Retail owns grocery stores in India, runs outlets for global brands, including Hugo Boss and Burberry, and in 2019 bought the British toy shop Hamleys.Reliance Jio is India's second-largest telecom operator, with more than 360 million subscribers.

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Colombo Port City geared to key investments

With the opening of the Colombo Port City for investors last December, Sri Lanka is expected to attract billions of U.S. dollars for investments and create over 80,000 jobs, transforming the island into a regional business and financial hub in the coming years.The first stage, which includes the land reclamation and filling is now completed and the second phase of the Port City project has now commenced. US$1.4 billion was invested to reclaim land from the sea.Chinese Prime Minister Xi Jinping and Sri Lankan President Mahinda Rajapaksa in 2014 in Colombo for the signing for the Port City project Under the second phase, highways, electricity, water systems and common amenities will be constructed. In December, Prime Minister Mahinda Rajapaksa declared the Colombo Port City269 hectares as part of Sri Lanka. Chinese Ambassador to Sri Lanka Cheng Xueyuan and officials of the Chinese Embassy were also present on the occasion.

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Committee to aid university students who suffered due to ragging

Minister of Higher Education Bandula Gunawardena has instructed the University Grants Commission (UGC) to set up a committee to provide relief to students who have faced difficulties owing to ragging incidents at universities.Addressing a media briefing at the Department of Government Information this morning (18), the Minister said he has proposed the appointment of a six-member committee in this regard.

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