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Economic Newsletter – May 2019

Economic

 Focus Issues  High Impact News
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India’s second Moon Mission to be launched in July
Indian Space Research Organization has released the dates for India's second mission to the Moon, Chandrayaan-2. The spacecraft, which will be launched between 9-16 July 2019, will attempt to make a soft landing in a region 600 kms away from the lunar South pole.Chandrayaan-2 will be India's second mission to the moon, and the first to attempt a soft landing. It is a follow-up mission to Chandrayaan-1, which helped provide the first confirmation of water...
 
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India launches housing project in Matara
High Commissioner of India Taranjit Singh Sandhu, Finance Minister Mangala Samaraweera and Hill Country New Villages, Infrastructure and Community Development Minister Palani Digambaram launched the Indian Housing Project in Matara district. 50 new houses will be built in Indola Estate in Matara under the project. India has committed to build 14,000 houses out of which 1000 have already been constructed and 3000 more are underway.
 
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Road building second most economical in India: AIIB
Road building in India is cheapest in Asia after the Philippines, a study by the Asian Infrastructure Investment Bank (AIIB) has noted. The study was included countries which are expected to be the largest infrastructure builders in Asia amongst concerns of rising cost of financing infrastructure projects.
 
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Scholarships for Sri Lankan students to study Ayurveda, Yoga and Homepathy in India
The High Commission of India in Colombo has initiated a scholarship programme for  Sri Lankan students to obtain graduate, post-graduate and doctoral degrees in Ayurveda, Yoga, Unani, Siddha and Homeopathy for the academic year 2019-20. The scholarship will be awarded to meritorious Sri Lankan students by India...
 
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India grabs most of foreign inflows into Asian equities
Indian equities attracted US$ 4.89 billion, the biggest foreign money chunk of the total inflows of US$ 4.96 billion into Asia markets, on optimism about the Indian general election, while most other economies in the region had a lack luster show due to lingering global slowdown worries and weaker exports.
 
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High Commission of India celebrates ICCR foundation Day with Scholars.
The 69th Foundation Day of Indian Council for Cultural Relations (ICCR) was celebrated in Colombo with great fervor. Hon. Ravi Karunanayake, Minister of Power, Energy and Business Development, H.E Taranjit Singh Sandhu...
 
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