India and Sri Lanka are expected to sign MOUs on the Trincomalee development project and much delayed power grid link and Indian assistance for energy and food security as well as currency swap arrangements, during the visit of External Affairs Minister, S. Jaishankar’s visit to Colombo on Thursday 19.
The Central Bank’s new move of restricting the licensed commercial banks from accessing the monetary authority’s standing facility windows which came into effect from this week is set to face obstacles due to foreign bank’s inability to abide by the directive, several GMs of banks said.
The Government has accorded priority to the modernization of the agriculture sector in its bid to create it as an effective, sustainable and profitable livelihood and also serve the competitive international markets amidst the ill effects of previous regime’s organic farming countrywide.