News
“Dialogue on Credit and Capital: Building Trust through Ratings and Regulations”
The International Financial Services Centres Authority (IFSCA), Government of India, NSE International Exchange (NSE IX), and CareEdge Global, in collaboration with the High Commission of India in Colombo, Indo-Lanka Chamber of Commerce & Industry (ILCCI), TWCorp (Pvt) Ltd., and the Indian CEO Forum (ICF), organised an event, titled “Credit and Capital: Building Trust through Ratings and Regulations,” on Friday (06), Indian High Commission in Colombo said.
The event was graced by the Chief Guest, Dr Harshana Suriyapperuma, Deputy Minister of Finance & Planning, Government of Sri Lanka, and witnessed participation of key stakeholders, including representatives from the Government of Sri Lanka, Indian and Sri Lankan banks, IFSCA, NSE IX, CareEdge Global, members of various trade chambers, media, and think tanks.
The primary focus of the event was on India’s International Financial Services Centre (IFSC) at GIFT City, which offers access to global capital at competitive costs, attractive tax incentives, and a regulatory framework aligned with global best practices.
The event commenced with welcome remarks delivered by the High Commissioner of India to Sri Lanka, Santosh Jha, and was followed by a detailed presentations by Pradeep Ramakrishnan, Executive Director, International Financial Services Centres Authority (IFSCA), Gujarat International Finance Tec-City, Revati Parag Kasture, CEO, CareEdge Global and Venkataramani Balasubramaniam CEO, NSE International Exchange (NSE IX), offering insights into the evolving GIFT City ecosystem, credit rating mechanisms, and recent regulatory reforms that have enhanced its global competitiveness.
The National Stock Exchange also provided an overview of the listing requirements for companies seeking to access international capital markets through GIFT City. A panel discussion moderated by Thilan Wijesinghe, Chairman, TWCorp, featured an engaging exchange among experts on key themes, such as access to global capital, international regulatory frameworks, tax and financial incentives, and the potential for Sri Lankan companies to raise capital at affordable rates while linking with a dynamic and emerging financial ecosystem in India.
The event served as a catalyst for further advancing collaborative efforts across financial and investment related domains, the release added.
Four persons including a Budhist monk died and 32 others were injured when two SLTB buses collided head on at Weerawila at arond 12 noon today (18).
Three of the deceased were women. 22 of the injured were admitted to the Hambanthota Hospital while 10 others have been admitted to the Debarawewa hospital.
The Japan Maritime Self-Defence Force (JMSDF) ship OONAMI which arrived at the port of Colombo on a goodwill and replenishment visit on 09 Mar 26 departed on 11 March.
The departing ship was given a formal farewell from the Sri Lanka Navy, in keeping with naval traditions at the Port of Colombo.
The 150.5m long JMSDF OONAMI is commanded by Commander IIO Hiromasa.
During the stay in the island, crew members of the ship explored some tourist attractions in Colombo. The itinerary also included a coastal clean-up drive participated by naval personnel of both countries and engagements with the Sri Lanka Navy, designed to strengthen the bonds of friendship and cooperation.
The Central Cultural Fund established under the provisions of the Central Cultural Fund Act No. 57 of 1980 is responsible for development of cultural and religious monuments in Sri Lanka, settling the expenditure borne for development, renovation and conservation of local and foreign cultural monuments, awarding financial donations for artisans as well as awarding those who served the nation in the fields of culture and religious sectors.
The said act has been passed in Parliament 45 years back and, the requirement to revise the provisions of the act according to the contemporary requirements haa been recognized.
Accordingly, the Cabinet of Ministers granted their policy
approval to amend the said act, considering the resolution furnished by the Minister of Buddhasashana, Religious and Cultural Affairs.
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Four dead 32 injured in head on collision at Weerawila
JMSDF ship OONAMI concludes goodwill visit
Cabinet nod to amend Central Cultural Fund Act No. 57 of 1980
’National Namal Uyana’ declared as a National Heritage
Establishment of Supervisory Committees for restoring economic activities.
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