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.
The High Court has convicted 14 of the 24 men accused of being directly involved in the 2019 Easter Sunday bombings, which killed 279 people.
The three-judge bench read out its decision on Tuesday after a five-year trial and said sentencing would take place later, the AFP news agency reported.
The charges included murder and conspiracy to commit terrorism.
Nine others were acquitted, while another defendant was found guilty of only some of the charges, the court said.
[Aljazeera]
By Shamindra Ferdinando
The ruling NPP yesterday (21) dismissed claims of a widening rift, within the government, over the proposed 22nd Amendment. Asked whether the NPP was concerned over a section of the Opposition alleging Prime Minister Dr. Harini Amarasuriya and two dozen MPs taking a view contrary to that of the party in this regard, authoritative party sources said some persons were propagating speculation for their own interest.
Declaring that there was absolutely no issue regarding the controversial Amendment, sources emphasised once it was tabled in Parliament, it would be passed with 2/3 majority.
Sources dismissed claims that out of its 159-member parliamentary group a section of NPPers was opposed to the government move. According to an influential Opposition activist, there are 57 JVPers and 66 NPPers in the government group and the rest contested the last parliamentary polls, having aligned with the JVP.
Ministerial sources told The Island that the government was confident of going ahead with the 22nd Amendment and Judicature (Amendment) Bills. Sources said that the NPP was not bothered about the Opposition protests in and outside Parliament.
Speaker Dr. Jagath Wickremaratne is expected to disclose the confidential ruling that he received from the Supreme Court in respect of more than 65 petitions for and against the 22nd Amendment and Judicial Amendment Bills. The enactment of the 22nd Amendment would pave the way for extending the retirement age of Supreme Court judges, from 65 to 67 years, and Court of Appeal judges, from 63 to 65 years.
President Anura Kumara Dissanayake has appointed Court of Appeal Judge Mayadunna Sri Mevan Anthony Edirimannasuriya Corea as the Acting President of the Court of Appeal.
The appointment has been made as President’s Counsel Nalin Rohantha Abeysuriya, who currently serves as President of the Court of Appeal, will be overseas until the 24th.
Accordingly Justice Mayadunna Corea was sworn in as Acting President of the Court of Appeal before President Anura Kumara Dissanayake at the Presidential secretariat last morning (21).
Secretary to the President Dr Nandika Sanath Kumanayake was also present at the occasion.
High Court convicts 14 over deadly Easter bombings
Mandhana, Shafali and Ghosh lead dominant India to Asian Games gold
Fatima Sana and Umm-e-Hani secure bronze for Pakistan in Asian Games
India bat first in Asian games womens cricket final
Showers about 100mm will occur in the Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara Districts
Govt. confident of 2/3 majority despite NPP split speculation
‘Dates have the highest sugar content to fight Coronavirus’
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