June 2019

The presidential elections in Sri Lanka would be held between November 15 and December 7, Election Commission Chairman Mahinda Deshapriya has said, clarifying that according to constitutional provisions the polls must be held one month before the end of the current president’s term. Deshapriya’s clarification on the constitutional provisions regarding the date for the next […]

The Central Statistics Office (CSO), the rate of gross domestic product (GDP) growth in the January-March quarter of 2018-19 decreased to 5.8% as compared to the forecast of 6.5%. The economic growth rate for the full 2018-19 financial year stood at a 5-year low of 6.8% when compared with 7.1% The main reason behind the slip is

Asian Development Bank (ADB) and the Multilateral Investment Guarantee Agency (MIGA) agreed to expand Development Finance in Asia and Pacific to increase the flow of private sector investment. They signed a Cooperation Agreement which will be effective for 3 years from signing. This was signed in line with the 2030 Sustainable Development Goals(SDGs). The main aim is to

Karur Vysya Bank Ltd (KVB) partnered with Centrum Wealth Management Ltd(Centrum) to form private limited Joint Venture (JV) to provide wealth management services to its clients. KVB will hold 51% of the share capital, Centrum will hold 45% and the remaining 4% will be held by the JV’s Staff There will be 5 Board of

Assam government increased the parent’s annual income of students eligible for fee wavier scheme up to post graduation level from RS 1 Lakh to RS 2 Lakh. It was announced by Assam education minister Siddhartha Bhattacharya. The scheme does not apply for private colleges and universities in Assam. Children of parents working in state and central government

Apart from hiking the scholarship amount, now the ambit of the Scholarship Scheme is extended to the wards of State Police officials who are or were martyred during terror or Naxal attacks. The quota of new scholarships for children of state police officials will be 500 in a year. The rates of scholarship have also been

K. Kasturirangan Committee submitted the 484-pages draft report of National Education Policy to the new Union Human Resource Development Minister Ramesh Pokhariyal. The report on the National Education Policy mainly put out on the Ministry of Human Resource Development (MHRD)’s website for suggestions from the public The last date for the suggestions is June 30. The Committee

India lost the world’s fastest-growing economy title to China.  In the January-March quarter, India registered 6.3% whereas China recorded a growth of 6.4% in the March Quarter.   India had been ahead of China for two years. The country’s economic growth rate of India slowed to 5.8% during the fourth quarter of 2018-19 due to low agriculture and mining output along with subdued consumer demand.   India’s economic

India, US, Japan, and Australia came together to support ASEAN-led architecture mechanism for a rule-based order to promote the free, open, prosperous and inclusive indo-pacific region in a meeting held at Bangkok, Thailand.The meeting at Bangkok is to counter China’s military expansion into the Indo-pacific region. The Quad Countries: Senior officials of the four countries also highlighted their efforts to maintain universal

The Under-20 Eurasian Athletics Championships held at Almaty, Kazakhstan, India team won 5 gold and 3 silver medals National teams from Kazakhstan, Kyrgyzstan, Uzbekistan, Iran, India, and Tajikistan participated in a 2-day event held on May 29-30, 2019. Sreekiran bagged the boys’ 800m gold with a time of 1:54.62 Rohit Yadav added the fifth gold medal