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India seize 200 million INR worth gold smuggled from Sri Lanka

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Gold bars seized from the seabed at Mandapam in the Ramanathapuram district.

On the second day of search by scuba divers, deployed by the Indian Coast Guard and the Directorate of Revenue Intelligence, the Central agencies recovered 11.600 kilos of gold from the seabed in the Gulf of Mannar, on Thursday.

The joint operation resulted in seizure of a total of 32.689 kilos of gold bars valued around 200 million INR from two fishing boats at the Gulf of Mannar, since May 30, when the consignment was smuggled into India from Sri Lanka.

​Based on specific input from DRI on illegal smuggling of contraband from Sri Lanka to India, the joint teams kept a close watch on fishing vessels operating in the Gulf of Mannar, especially near the India-Sri Lankan International Maritime Boundary Line (IMBL), a release said.

On 30 May, the team detected a suspicious boat approaching the Mandapam fishing harbour in the morning. When challenged, the boat tried to evade the team but was apprehended in the north Gulf of Mannar. While being chased, the suspects threw a consignment into the water. The boat, along with three suspects, was apprehended and taken into custody for investigation. Simultaneously, a major diving operation was launched by the Indian Coast Guard to search for the illegal gold dumped at sea.

Meanwhile, a separate team from DRI apprehended a second suspicious boat off Vedalai village, south of Mandapam. The boat had about 21.269 kilosg of smuggled gold, which was seized by DRI, along with two suspects, who were taken into custody.

​After a relentless diving operation, off the coast of Mandapam, for two days, the ICG diving team, in coordination with local divers, successfully recovered the gold consignment from the seabed on Thursday morning. The seized contraband and suspects are in the custody of DRI for further legal action. ​The Hindu



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Maldives Coast Guard Ship Huravee arrives in Colombo

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The Maldives Coast Guard Ship Huravee arrived at the Port of Colombo for replenishment purposes on 02 Mar 26. The visiting ship was welcomed by the Sri Lanka Navy (SLN) in compliance with time-honoured naval traditions.

The ship is a 48.9m long Offshore Patrol Vessel which is commanded by Lieutenant Colonel Ahmed Nafiu Mohamed.

Meanwhile, the ship’s crew is scheduled to visit several tourist attractions in the city of Colombo, during their stay in the island.

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AKD warns of far reaching economic consequences of Middle East war

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Anura

President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.

Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.

“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”

He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.

A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.

Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.

While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.

The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.

“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.

Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.

Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.

Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.

Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.

“Because of this, there is no crisis regarding oil,” the President assured Parliament.

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Pope invited to visit Sri Lanka

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President Anura Kumara Dissanayake has invited His Holiness Pope Leo XIV to visit Sri Lanka.

The official invitation was handed over by Minister Bimal Ratnayaka to the Vatican’s Under Secretary for Relations with the States, at the Vatican, yesterday, during the Minister’s official visit to Italy, the President’s Media Division said.

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